Capacity Building

This 4-day workshop is tailored for the National Bank of Tajikistan. It will discuss the introduction to Islamic finance and the following IFSB Standards: IFSB-2: Capital Adequacy Standard for Institutions offering only Islamic Financial Services (IIFS) IFSB-16: Revised Guidance on Key Elements in the Supervisory Review Process of IIFS GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio (CAR) for IIFS Overall, this Workshop aims to: Enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions; Assist the participants in the practical application of issues addressed in the particular standards through case studies, hands-on exercises and other interactive tools; and Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles. This Workshop is hosted by the National Bank of Tajikistan and supported by the Islamic Development Bank. Participation in this Workshop is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 28/03/2017 08:30 - 09:00 Registration 09:00 - 09:30 Opening Remarks by the NBT and IFSB Representatives Group Photo 09:30 - 11:00 Session 1 - Introduction to Islamic Finance Concept of Islamic Finance Contracts in Islamic Finance Structures of Islamic Banking Products Prudential Issues in IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2 - IFSB-2: Capital Adequacy Standard for IIFS Need for Capital Regulation Pillar 1: Capital Adequacy Ratio (CAR): Understanding the Components of CAR CAR Formulas - Standard and Supervisory Discretion Treatment of PSIA - Supervisory Discretion Formula 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3 - IFSB-2: Capital Adequacy Standard for IIFS (Cont’d) Credit Risk Weights for Various Counterparties Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Credit Risk Mitigation Day 2 29/03/2017 09:30 - 11:00 Session 4 - IFSB-2: Capital Adequacy Standard for IIFS (Cont’d) Measurement of Capital Adequacy Requirements for Market Risk Measurement of Market Risk Market Risk Weight Conversion Factor Case Study 11:00 - 11:30 Coffee Break 11:30 - 12:00 Session 5 - IFSB-2: Capital Adequacy Standard for IIFS (Cont’d) Overview of Operational Risk Understanding Operational Risk in Islamic Finance Measuring Operational Risks Group Exercise 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6 - GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for IIFS Background of the Guidance Note Understanding Management of Profit-Sharing Investment Account (PSIA) Understanding the Concept of Alpha and Displaced Commercial Risk (DCR) Measurement of Risk Sharing in PSIA Day 3 30/03/2017 09:30 - 11:00 Session 7 - GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for IIFS (Cont’d) The Determination of Alpha and DCR Issues on Prudential Regulations and Requirements Role of Supervisory Authority in Determination of Alpha and DCR Case Study 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Necessary Preconditions for Effective Supervision Supervisory Approaches in the Supervision of IIFS Regulatory Capital Requirements Advanced Approaches and Supervisory Discretion 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9 -IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process (Cont’d) Internal Capital Adequacy Assessment Process (ICAAP) Corporate and Sharī'ah Governance Related Party Transactions Case Study Day 4 31/03/2017 08:30 - 10:00 Session 10 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process (Cont’d) Transparency and Market Discipline Consolidated and Cross-sector Supervision Risk Concentrations in IIFS Case Study 10:00 - 10:15 Coffee Break 10:15 - 11:45 Session 11 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process (Cont’d) Islamic “Windows” Operations Liquidity Risk Management and Supervision Sound Stress Testing Practices Supervisory Transparency and Accountability 11:45 - 12:15 Closing & Certificate Giving Ceremony

As part of IFSB's objectives in facilitating implementation of IFSB Standards, the IFSB Secretariat consistently offers capacity development initiatives including FIS Workshops for IFSB members. This Facilitating the implementation of IFSB Standards (FIS) Workshop is dedicated to the Securities and Exchange Commission (SEC) of Nigeria and will be conducted during their visit to Kuala Lumpur, Malaysia on 12 July 2023, highlighting global trends and developments of Islamic capital market as well as brief summary on relevant IFSB Standards. The in-depth discussion focuses on GN-8: Guidance Note on Deepening the Islamic Capital Market.

As part of IFSB's objectives in facilitating implementation of IFSB Standards, the IFSB Secretariat consistently offers capacity development initiatives including FIS Workshops for IFSB members. This Facilitating the implementation of IFSB Standards (FIS) Workshop is dedicated to the the Insurance and Private Pension Regulation and Supervision Agency (IPRSA) of Türkiye  and will be conducted virtually on 19 to 23 June 2023, covering Takāful segment. The workshop will cover the following standards and practices in some other jurisdictions. IFSB-20:  Key Elements in the Supervisory Review Process (SRP) IFSB-25:  Disclosures to Promote Transparency and Market Discipline for Takaful/Retakaful Undertakings IFSB-27:  Core Principles for Islamic Finance Regulation (CPIFR-Takaful)

As part of IFSB's objectives in facilitating implementation of IFSB Standards, the IFSB Secretariat consistently offers capacity development initiatives including FIS Workshops for IFSB members. This FIS workshop is held alongside with the 42nd Council Meeting and the 21st General Assembly in the Kingdom of Saudi Arabia. As a collaborative event with the Saudi Central Bank (SAMA) and the Capital Market Authority of Saudi Arabia, the 2-session workshop focuses on Islamic Capital Market for CMA and its domestic market players with the following details to cover: IFSB-19: Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukuk and ICIS) IFSB-21: Core Principles for Islamic Finance Regulation (ICM Segment)

As part of IFSB's objectives in facilitating implementation of IFSB Standards, the IFSB Secretariat consistently offers capacity development initiatives including FIS Workshops for IFSB members. This capacity building for market players (CBM) workshop is held alongside with the 42nd Council Meeting and the 21st General Assembly in the Kingdom of Saudi Arabia. As a collaborative event with the Saudi Central Bank (SAMA), the 2-session workshop focuses on Islamic Banking with the following details to cover: Islamic windows operations from IFSB Standards perspective Shari'ah Governance framework from IFSB Standards perspective

As part of IFSB’s commitment to build awareness on IFSB Standards, IFSB will be conducting a "Facilitating Implementation of the IFSB Standards (FIS) Workshop" on Islamic Banking Sector. This online workshop is open to All IFSB Members with a focus of discussion on TN-4: Technical Note on Recovery and Resolution for Institutions Offering Islamic Financial Services. The event details are the following: Date: Thursday, 2 November 2023  Time: 3:30 PM (UTC+08:00) Kuala Lumpur Platform: Webex Registration can be made through this link. Participants are advised to register by using their official e-mails. For further inquiries, please contact Mr Muhammad Tom Jidda ([email protected]) cc: [email protected] ***OPEN TO ALL IFSB MEMBERS**