Capacity Building

This 4-day Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for the Central Bank of the Islamic Republic of Iran and hosted by the Islamic Development Bank. It will discuss the following IFSB Standards: IFSB-1 : Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering Islamic Financial Services (IIFS) IFSB-3 : Guiding Principles on Corporate Governance for IIFS IFSB-15 : Revised Capital Adequacy Standard 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. 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 07/08/2017 09:00 - 09:30 Registration 09:30 - 10:00 Welcoming Remarks and Group Photo 10:00 - 11:30 Session 1 - IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering Islamic Financial Services (IIFS) Understanding of Risks in IIFS General Requirements in Risk Management of IIFS Focus on Credit Risk 11:30 - 11:45 Coffee Break 11:45 - 13:00 Session 2 - IFSB-1: Guiding Principles of Risk Management for IIFS Focus on Equity Investment Risk Focus on Operational Risk Focus on Market Risk 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 3 - IFSB-1: Guiding Principles of Risk Management for IIFS Focus on Liquidity Risk Focus on Rate of Return Risk Case Study Day 2 08/08/2017 09:30 - 11:00 Session 4 - IFSB-3: Guiding Principles on Corporate Governance for IIFS Corporate Governance Issues Specific to IIFS General Governance Approach of IIFS Rights of Investment Account Holders (IAHs) Compliance with Sharī`ah Rules and Principles 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5 - IFSB-15: Revised Capital Adequacy Standard for IIFS Components of Capital Capital Conservation Buffer Countercyclical Buffer Domestic Systemically Important Banks 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 6 - IFSB-15: Revised Capital Adequacy Standard for IIFS Credit Risk Weights for Various Counterparties Exposures in Investments Made under Profit-Sharing Modes Past Due Receivables & Other Assets Group Exercise Day 3 09/08/2017 09:30 - 11:00 Session 7 - IFSB-15: Revised Capital Adequacy Standard for IIFS Credit Risk Mitigation Credit Risk Mitigation Techniques Commonly Used by IIFS Credit Risk Mitigation Approaches Recognition of Ratings by External Credit Assessment Institution 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 - IFSB-15: Revised Capital Adequacy Standard for IIFS Understanding the Market Risk in Islamic Finance Policies and Procedures for Market risk Guidance on Valuation Practices Group Exercise 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 9 - IFSB-15: Revised Capital Adequacy Standard for IIFS Overview of Operational Risk Understanding Operational Risk in Islamic Finance Measuring Operational Risks Group Exercise Day 4 10/08/2017 09:30 - 11:00 Session 10 - IFSB-15: Revised Capital Adequacy Standard for IIFS Current Regulatory Environment of Real Estate Activities Risk Exposures in Real Estate Activities Supervision of Real Estate Activities Risk-Weighting of Real Estate Exposures 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 11 - IFSB-15: Revised Capital Adequacy Standard for IIFS Features of Sukūk and Securitisation in Sukūk Securitisation Process for Sukūk Role of IIFS in Sukūk Securitisation Credit Enhancement Mechanisms for Sukūk 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 12 - IFSB-15: Revised Capital Adequacy Standard for IIFS Regulatory Capital for Sukūk in IIFS Capital Requirements for Sukūk Retained Securitisation Exposure Case Study 16:00 - 16:30 Closing Remarks & Certificate Giving Ceremony

This 3-day Workshop is tailored for the regulatory and supervisory authorities for the Takaful sector, thus intended to be a Train the Trainer Programme for the staff on the IFSB Standards. In general, these Workshops aim 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. Participation in these Workshops are 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 10/10/2017 09:00 - 09:30 Registration 09:30 - 09:45 Opening & Welcoming Address Group Photo 09:45 - 11:15 Session 1 - Introduction to Takāful (Islamic Insurance) Introduction to Takāful Takāful Models Issues Faced by Takāful Operators 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2 - IFSB-8: Guiding Principles on Governance for Takāful Undertakings Definition of Takāful Undertaking Why Governance for Takāful Undertakings? Reinforcement of Relevant Good Governance Practices 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3 - IFSB-8: Guiding Principles on Governance for Takāful Undertakings - Cont’d Governance Structure for Participants Procedures for Proper Disclosure Case Study 16:00 - 16:15 Coffee Break Day 2 11/10/2017 09:30 - 11:00 Session 4 - IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Specificities of Takāful Undertakings Relevant to Risk Management Ownership of Risk Fund Significant Risks of Particular Relevance to Takāful 11:00 - 10:30 Coffee Break 11:30 - 13:00 Session 5 - IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Enterprise Risk Management Risk Governance Framework Transparency and Market Disclosure 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6 - IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Key elements in the supervisory review process of risk management for Takāful undertakings Systemic Risk Considerations Case Study 16:00 - 16:15 Coffee Break Day 3 12/10/2017 09:30 - 11:00 Session 7 - Experience Sharing on Regulating Takāful & Retakāful Sector 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 - IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS Structure of the Sharī`ah Governance System Scope of Sharī`ah Governance System Disclosure of Compliance with IFSB-10 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9 - IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS - Cont’d Guiding Principles – Competence and Independence Guiding Principles - Confidentiality and Consistency Case Study 16:00 - 16:15 Closing & Certificate Giving Ceremony 16:15 - 16:45 Coffee Break

This 3-day Workshop is tailored for the regulatory and supervisory authorities for the Islamic Capital Market sector, thus intended to be a Train the Trainer Programme for the staff on the IFSB Standards. In general, these Workshops aim 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. Participation in these Workshops are by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at [email protected]. Date Time Topics Day 1 10/10/2017 09:00 - 09:30 Registration 09:30 - 09:45 Opening & Welcoming Address Group Photo 09:45 - 11:15 Session 1 - Introduction to Islamic Capital Market Islamic Capital Market Development – Issues and Challenges Islamic Equity Market Islamic Hedging Products 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2 - IFSB-6: Governance for Islamic Collective Investment Schemes (ICIS) Islamic Collective Investment Scheme Overview Motivating Factors for the Governance of ICIS Guiding Principles on Governance for ICIS 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3 - IFSB-6: Governance for ICIS - Cont’d Compliance with Sharī`ah Rules and Principles Additional Protection for ICIS Investors Case Study 16:00 - 16:15 Coffee Break Day 2 11/10/2017 09:30 - 11:00 Session 4 - IFSB-19: Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukūk and ICIS) Common General Principles General Disclosure Principles Applicable to Sukūk Sharīʻah and Structure-related Disclosures for Sukūk 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5 - IFSB-19: Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukūk and ICIS) - Cont’d Sharīʻah and Operations-related Disclosures for ICIS Specialist ICIS Disclosure Case Study 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6 - IFSB-15: Revised Capital Adequacy Standard for IIFS Features of Sukūk and Securitisation in Sukūk Role of IIFS in Sukūk Securitisation Credit Enhancement and Assets in Securitisation 16:00 - 16:15 Coffee Break Day 3 12/10/2017 09:30 - 11:00 Session 7 - IFSB-15: Revised Capital Adequacy Standard for IIFS - Cont’d Regulatory Capital for Sukuk in IIFS Capital Requirements for Sukūk Case Study 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 - IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS Structure of the Sharī`ah Governance System Scope of Sharī`ah Governance System Disclosure of Compliance with IFSB-10 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9 - IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS - Cont’d Guiding Principles – Competence and Independence Guiding Principles - Confidentiality and Consistency Case Study 16:00 - 16:15 Closing & Certificate Giving Ceremony 16:15 - 16:45 Coffee Break

his 4-day Workshop and Technical Assistance Programme is tailored for the Autoriti Monetari Brunei Darussalam (AMBD). It will discuss the overview of Islamic finance and cover the following IFSB Standards: IFSB-1 : Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering Islamic Financial Services (IIFS) IFSB-3 : Guiding Principles on Corporate Governance for IIFS IFSB-10 : Guiding Principles on Sharī`ah Governance Systems for IIFS IFSB-17 : Core Principles for Islamic Finance Regulation (Banking Segment) 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. Participation in this event 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 16/10/2017 08:00 - 08:30 Regisration 08:30 - 08:45 Opening Remarks by the IFSB Representatives Group Photo 08:45 - 10:15 Session 1 - Introduction to Islamic Finance Concept of Islamic Finance Contracts in Islamic Finance Structures of Islamic Banking Products Prudential Issues in IIFS 10:15 - 10:30 Coffee Break 10:30 - 12:00 Session 2 - IFSB-1: Guiding Principles of Risk Management for IIFS Understanding of Risk in IIFS Focus on Credit Risk Focus on Equity Investment Risk Focus on Operational Risk 12:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3 - IFSB-1: Guiding Principles of Risk Management for IIFS Focus on Market Risk Focus on Liquidity Risk Focus on Rate of Risk Case Study Day 2 17/10/2017 08:30 - 10:00 Session 4 - IFSB-3: Guiding Principles on Corporate Governance for IIFS Corporate Governance Issues Specific to IIFS General Governance Approach of IIFS Rights of Investment Account Holders (IAHs) Compliance with Sharī`ah Rules and Principles 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 5 - IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS Structure of the Sharī`ah Governance System Scope of Sharī`ah Governance System Disclosure of Compliance with IFSB-10 General Approach to the Sharīʻah Governance System 12:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6 - IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS (Cont’d) Guiding Principles on the Sharī`ah Governance System – Competence and Independence Guiding Principles on the Sharī`ah Governance System – Confidentiality Guiding Principles on the Sharī`ah Governance System – Consistency Case Study Day 3 18/10/2017 08:30 - 10:00 Session 7 - IFSB-17: Core Principles for Islamic Finance Regulation (Banking Segment) Necessary Preconditions for Effective Supervision Assessment Methodology for CPIFR Responsibilities, Objectives and Powers Independence, Accountability, Resourcing and Legal Protection for Supervisors 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 8 - IFSB-17: Core Principles for Islamic Finance Regulation (Banking Segment) - Cont’d Cooperation and Collaboration Supervisory Approach, Techniques and Tools Treatment of Investment Account Holders (IAHs) Corporate and Sharī`ah Governance Framework 12:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9 - IFSB-17: Core Principles for Islamic Finance Regulation (Banking Segment) - Cont’d Risk Management Process Transactions with Related Parties Transparency and Market Discipline Case Study 16:00 - 16:30 Closing & Certificate Giving Ceremony Day 4 19/10/2017 08:30 - 15:30 Technical Assistance for the AMBD

This 5-day Workshop is tailored for the regulatory and supervisory authorities for the banking sector, thus intended to be a Train the Trainer Programme for the staff on the IFSB Standards. In general, 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. 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 13/11/2017 09:00 - 09:30 Registration 09:30 - 09:45 Opening & Welcoming Address and Group Photo 09:45 - 11:15 Session 1 - IFSB-17: Core Principles for Islamic Finance Regulation (Banking Segment) Necessary Preconditions for Effective Supervision Assessment Methodology for CPIFR Responsibilities, Objectives and Powers Independence, Accountability, Resourcing and Legal Protection for Supervisors 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2 - IFSB-17: Core Principles for Islamic Finance Regulation (Banking Segment) - Cont’d Cooperation and Collaboration Supervisory Approach, Techniques and Tools Treatment of Investment Account Holders (IAHs) Corporate and Sharī`ah Governance Framework 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3 - IFSB-17: Core Principles for Islamic Finance Regulation (Banking Segment) - Cont’d Risk Management Process Transactions with Related Parties Transparency and Market Discipline Case Study 16:00 - 16:15 Coffee Break Day 2 14/11/2017 09:30 - 11:00 Session 4 - IFSB-15: Revised Capital Adequacy Standard for IIFS Components of Capital Capital Conservation Buffer Countercyclical Buffer Domestic Systemically Important Banks 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5 - IFSB-15: Revised 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 Past Due Receivables & Other Assets 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6 - IFSB-15: Revised Capital Adequacy Standard for IIFS - Cont’d Credit Risk Mitigation Recognition of Ratings by External Credit Assessment Institution Group Exercise on Leverage Ratio Group Exercise on Countercyclical Buffer 16:00 - 16:30 Coffee Break Day 3 15/11/2017 09:30 - 11:00 Session 7 - IFSB-15: Revised Capital Adequacy Standard for IIFS - Cont’d Understanding the Market Risk in Islamic Finance Policies and Procedures for Market risk Guidance on Valuation Practices Calculation of Capital Requirements for Market risk 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 - IFSB-15: Revised Capital Adequacy Standard for IIFS - Cont’d Overview of Operational Risk Understanding Operational Risk in Islamic Finance Measuring Operational Risks Case Studies on Legal Risk and Shariah Non-compliant Risk 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9 - IFSB-15: Revised Capital Adequacy Standard for IIFS - Cont’d Group Exercise on Operational Risk Group Exercise on Market Risk 16:00 - 16:30 Coffee Break Day 4 16/11/2017 09:30 - 11:00 Session 10 - GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management Application of the LCR in IIFS Definition and Categorisation of High Quality Liquid Assets (HQLA) Operational Considerations for HQLA Infrastructure Issues in the Availability of Sharī`ah-compliant HQLA 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 11 - GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management - Cont’d Components of Total Net Cash Outflows Formula for Calculating NSFR Available and Required Stable Funding Case Study 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 12 - GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management - Cont’d The Internal Liquidity Adequacy Assessment Processes & Supervisory Liquidity Review Process Principles for Applying Alternative Liquidity Approaches Disclosure Requirements for LCR and NSFR Case Study 16:00 - 16:30 Coffee Break Day 5 17/11/2017 09:30 - 10:30 Experience Sharing by International Islamic Liquidity Management Corporation 10:30 - 10:45 Coffee Break 10:45 - 12:00 Session 14 - Experience Sharing on the IFSB Standards’ Implementation 12:00 - 12:15 Closing & Certificate Giving Ceremony 12:15 - 14:30 Lunch and Prayer

This 4-day Workshop and is tailored for the State Bank of Pakistan and the Islamic banking institutions in Pakistan. The Workshop is supported by the Islamic Development Bank and it will cover the following IFSB Standards and publications: IFSB-15 : Revised Capital Adequacy Standard for Institutions offering Islamic Financial Services (IIFS) IFSB-12: Guiding Principles on Liquidity Risk Management for IIFS GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management in IIFS TN-2: Technical Note on Stress Testing for IIFS WP-01: Strengthening the Financial Safety Net: The Role of Sharī`ah-compliant Lender-of Last-Resort (SLOLR) Facilities as an Emergency Financing Mechanism WP-06: Strengthening the Financial Safety Net: The Role and Mechanisms of Sharīʻah-compliant Deposit Insurance Schemes (SCDIS) 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. Participation in this event 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 15/01/2018 08:30 - 09:00 Registration 09:00 - 09:30 Welcoming Remarks and Group Photo 09:30 - 11:00 Session 1: IFSB-15: Revised Capital Adequacy Standard for IIFS Capital Adequacy Ratio Components of Capital Treatment of PSIA, PER and IRR Regulatory Adjustments and Deductions 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2: IFSB-15: Revised 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 Past Due Receivables & Other Assets 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 3: IFSB-15: Revised Capital Adequacy Standard for IIFS (Cont’d) Credit Risk Mitigation Credit Risk Mitigation Techniques Commonly Used by IIFS Credit Risk Mitigation Approaches Group Exercise Day 2 16/01/2018 09:30 - 11:00 Session 4: IFSB-15: Revised Capital Adequacy Standard for IIFS (Cont’d) Understanding the Market Risk in Islamic Finance Policies and Procedures for Market risk Guidance on Valuation Practices Group Exercise 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5: IFSB-15: Revised Capital Adequacy Standard for IIFS (Cont’d) Overview of Operational Risk Understanding Operational Risk in Islamic Finance Measuring Operational Risks Group Exercise 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 6: WP-01 and WP-06: Working Papers on SLOLR and SCDIS Sharī`ah Perspective on LOLR and Sharī`ah Issues in LOLR Potential Structures for Developing the SLOLR Facility Sharīʻah-compliant Deposit Insurance Current Status And Supervisory Assessment of SCDIS Day 3 17/01/2018 09:30 - 11:00 Session 7: IFSB-12: Guiding Principles on Liquidity Risk Management of IIFS Liquidity Risk and Liquidity Risk Management Role of the Board of Directors Identification and Measurement of Liquidity Risk Interactions of Liquidity Risk and Implications of Islamic Financing Contracts 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8: IFSB-12: Guiding Principles on Liquidity Risk Management of IIFS (Cont’d) Managing Sharī`ah-Compliant Collateral Foreign Exchange Liquidity Risk Reporting and Disclosure of Liquidity Risk Guiding Principles for Supervisory Authorities 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 9: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management Application of the LCR in IIFS Definition and Categorisation of High Quality Liquid Assets (HQLA) Infrastructure Issues in the Availability of Sharī`ah-compliant HQLA Components of Total Net Cash Outflows Day 4 18/01/2018 09:30 - 11:00 Session 10: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management (Cont’d) Formula for Calculating NSFR Available and Required Stable Funding Role of Supervisory Authorities Case Study 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 11: TN-2: Stress Testing for IIFS Basic Requirements For Islamic Banks Stress Tests Solvency Stress Testing for Islamic Banks Role of RSAs and Critical Considerations Liquidity Risk of Islamic Banks 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 12: TN-2: Stress Testing for IIFS (Cont’d) Liquidity Stress Testing for Islamic Banks Stress Test Designs and Models Recent Developments In Stress Tests Case Study 16:30 - 16:45 Closing & Certificate Giving Ceremony

This 4-day Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for the Central Bank of Tunisia and supported by the Islamic Development Bank. It will cover the following IFSB Standards and publications: IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) IFSB-15: Revised Capital Adequacy Standard for Institutions offering Islamic Financial Services (IIFS) IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management in 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. Participation in this event is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at [email protected].

This 4-day Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for the regulatory and supervisory authorities and the market players for the banking sector. It will be hosted by Banque du Liban and will cover the following IFSB Standards and publications: IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS IFSB-15: Revised Capital Adequacy Standard for IIFS IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of 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. Participation in this event 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 26/03/2018 08:00 - 08:30 Registration 08:30 - 09:00 Welcoming Remarks and Group Photo 09:00 - 10:30 Session 1 - IFSB-1: Guiding Principles of Risk Management for Institutions offering Islamic Financial Services (IIFS) Understanding of Risks in IIFS Focus on Credit Risk Focus on Equity Investment Risk Focus on Operational Risk 10:30 - 11:00 Coffee Break 11:00 - 12:30 Session 2 - IFSB-1: Guiding Principles of Risk Management for IIFS (Continued) Focus on Market Risk Focus on Liquidity Risk Focus on Rate of Return Risk Case Study 12:30 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3 - IFSB-15: Revised Capital Adequacy Standard for IIFS Capital Adequacy Ratio Components of Capital Treatment of PSIA, PER and IRR Regulatory Adjustments and Deductions Day 2 27/03/2018 09:00 - 10:30 Session 4 - IFSB-15: Revised Capital Adequacy Standard for IIFS (Continued) Credit Risk Weights for Various Counterparties Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Past Due Receivables & Other Assets 10:30 - 11:00 Coffee Break 11:00 - 12:30 Session 5 - IFSB-15: Revised Capital Adequacy Standard for IIFS (Continued) Credit Risk Mitigation Credit Risk Mitigation Techniques Commonly Used by IIFS Credit Risk Mitigation Approaches Recognition of Ratings by External Credit Assessment Institution 12:30 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6 - IFSB-15: Revised Capital Adequacy Standard for IIFS (Continued) Understanding the Market Risk in Islamic Finance Policies and Procedures for Market risk Guidance on Valuation Practices Group Exercise Day 3 28/03/2018 09:00 - 10:30 Session 7 - IFSB-15: Revised Capital Adequacy Standard for IIFS (Continued) Overview of Operational Risk Understanding Operational Risk in Islamic Finance Measuring Operational Risks Group Exercise 10:30 - 11:00 Coffee Break 11:00 - 12:30 Session 8 - IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS Structure of the Sharī`ah Governance System Scope of Sharī`ah Governance System Disclosure of Compliance with IFSB-10 General Approach to the Sharīʻah Governance System 12:30 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9 - IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS (Continued) Guiding Principles on the Sharī`ah Governance System - Competence and Independence Guiding Principles on the Sharī`ah Governance System - Confidentiality Guiding Principles on the Sharī`ah Governance System - Consistency Case Study Day 4 29/03/2018 09:00 - 10:30 Session 10 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Supervisory Preconditions, Criteria and Approaches for Effective Supervision of IIFS Key Elements in the Supervisory Review Process of IIFS Regulatory Capital Requirements Treatment of Investment Account Holders (IAH) and Displaced Commercial Risk 10:30 - 11:00 Coffee Break 11:00 - 12:30 Session 11 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS (Continued) Internal Capital Adequacy Assessment Process Islamic Windows Operations Assessment of Additional Issues Supervisory Transparency and Accountability 12:30 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 12 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS (Continued) Governance and Risk Management Transparency and Market Discipline Consolidated and Home-host Supervision Case Study 16:00 - 16:30 Closing Remarks & Certificate Giving Ceremony

This 4-day Workshop is tailored for Astana International Financial Centre (AIFC) as well as the regulators and market players from the Commonwealth of Independent States (CIS) countries. This Workshop is made possible by the support of the Asian Development Bank which covers the following IFSB Standards and publications: Overview of IFSB-17: Core Principles for Islamic Finance Regulation (Banking Segment) Overview of IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services (IIFS) IFSB-1: Guiding Principles of Risk Management for IIFS IFSB-15: Revised Capital Adequacy Standard for IIFS IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management in 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. 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 23/04/2018 08:30 - 09:00 Registration 09:00 - 09:30 Welcoming Remarks and Group Photo 09:30 - 11:30 Session 1- Overview of IFSB-17: Core Principles for Islamic Finance Regulation (Banking Segment) Necessary Preconditions for Effective Supervision Assessment Methodology for CPIFR 09:30 - 11:30 Overview of IFSB-10: Guiding Principles on Shari`ah Governance Systems for IIFS 11:30 - 11:45 Coffee Break 11:45 - 13:15 Session 2 - IFSB-1: Guiding Principles of Risk Management for Institutions offering Islamic Financial Services (IIFS) Understanding of Risks in IIFS Focus on Credit Risk Focus on Equity Investment Risk Focus on Operational Risk 13:15 - 14:15 Lunch and Prayer 14:15 - 16:15 Session 3 - IFSB-1: Guiding Principles of Risk Management for IIFS (Continued) Focus on Market Risk Focus on Liquidity Risk Focus on Rate of Risk Case Study Day 2 24/04/2018 09:30 - 11:00 Session 4 - IFSB-15: Revised Capital Adequacy Standard for IIFS Capital Adequacy Ratio Components of Capital Treatment of PSIA, PER and IRR Regulatory Adjustments and Deductions 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5 - IFSB-15: Revised Capital Adequacy Standard for IIFS (Continued) Credit Risk Weights for Various Counterparties Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Past Due Receivables & Other Assets 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6 - IFSB-15: Revised Capital Adequacy Standard for IIFS (Continued) Credit Risk Mitigation Credit Risk Mitigation Techniques Commonly Used by IIFS Credit Risk Mitigation Approaches Recognition of Ratings by External Credit Assessment Institution Day 3 25/04/2018 09:30 - 11:00 Session 7 - IFSB-15: Revised Capital Adequacy Standard for IIFS (Continued) Understanding the Market Risk in Islamic Finance Policies and Procedures for Market risk Guidance on Valuation Practices Group Exercise 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 - IFSB-15: Revised Capital Adequacy Standard for IIFS (Continued) 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 9 - GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management Application of the LCR in IIFS Definition and Categorisation of High Quality Liquid Assets (HQLA) Infrastructure Issues in the Availability of Sharī`ah-compliant HQLA Components of Total Net Cash Outflows Day 4 26/04/2018 09:30 - 11:30 Session 10 - GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management (Continued) Formula for Calculating NSFR Available and Required Stable Funding Role of Supervisory Authorities Group Exercise 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 11 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS (Continued) Key Elements in the Supervisory Review Process of IIFS Internal Capital Adequacy Assessment Process Islamic Windows Operations Supervisory Transparency and Accountability 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 12 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS (Continued) Governance and Risk Management Transparency and Market Discipline Consolidated and Home-host Supervision 16:00 - 16:30 Closing Remarks & Certificate Giving Ceremony

This 5-day Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for Conseil Régional de lEpargne Publique et des Marchés Financiers (CREPMF). It will cover the following IFSB Standards: Introduction to Islamic Finance Introduction to Islamic Capital Market (ICM) IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes (ICIS) IFSB-9: Guiding Principles on Conduct of Business for IIFS IFSB-15: Revised Capital Adequacy Standard for IIFS – Sukūk and Securitisation IFSB-19: Guiding Principles on Disclosure Requirements for ICM Products (Sukūk and ICIS) ED-21: Exposure Draft (ED) on Core Principles for Islamic Finance Regulation (ICM Segment) 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. Participation in this event is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Esam Osama Al-Aghbari [email protected].   Programme - Event Session(s) Date Time Topics Day 1 23/07/2018 08:30 - 09:00 Registration 09:00 - 09:30 Welcoming Remarks and Group Photo 09:30 - 11:00 Session 1- IFSB-1: Guiding Principles of Risk Management for Institutions offering Islamic Financial Services (IIFS) Understanding of Risks in IIFS Focus on Credit Risk Focus on Operational Risk 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2- IFSB-1: Guiding Principles of Risk Management for IIFS (Continued) Focus on Market Risk Focus on Liquidity Risk Case Study 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 3- IFSB-15: Revised Capital Adequacy Standard for IIFS Features of Sukūk and Securitisation in Sukūk Role of IIFS in Sukūk Securitisation Credit Enhancement and Assets in Securitisation Day 2 24/07/2018 09:30 - 11:00 Session 4- ED-21: Core Principles for Islamic Finance Regulation (ICM Segment) The Need for Core Principles Principles Relating to the Regulator Principles related to Sharīʻah Governance 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5- ED-21: Core Principles for Islamic Finance Regulation (ICM Segment) (Continued) Principles for the Enforcement of Securities Regulation Principles for Issuers Principles for Auditors, Credit Ratings Agencies, and Others 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 6- ED-21: Core Principles for Islamic Finance Regulation (ICM Segment) (Continued) Principles for Collective Investment Schemes Principles for Market Intermediaries Principles for Secondary and Other Markets Day 3 25/07/2018 09:30 - 11:00 Session 7 Introduction to Islamic Finance Concept and Framework in Islamic Finance Contracts in Islamic Finance Prudential Issues in IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8- Introduction to Islamic Capital Market (ICM) ICM Development - Issues and Challenges Sukuk: Background, Structures and Issues Islamic Equity Market 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 9 Introduction to ICM (Continued) ICIS Islamic Hedging Products Case Study Day 4 26/07/2018 09:30 - 11:00 Session 10- IFSB-6: Governance for Islamic Collective Investment Schemes (ICIS) ICIS Overview Motivating Factors for the Governance of ICIS Guiding Principles on Governance for ICIS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 11- IFSB-6: Governance for ICIS (Continued) Compliance with Sharī`ah Rules and Principles Additional Protection for ICIS Investors Case Study 13:00 - 14:30 Lunch and Prayer 14:30 - 16:00 Session 12- IFSB-9: Guiding Principles on Conduct of Business for IIFS Truthfulness, Honesty and Fairness Information About Clients Conflict of Interest and of Duty Day 5 27/07/2018 09:00 - 10:15 Session 13- IFSB-19: Guiding Principles on Disclosure Requirements for ICM Products (Sukūk and ICIS) Common General Principles General Disclosure Principles Applicable to Sukūk Sharīʻah and Structure-related Disclosures for Sukūk 10:15 - 10:30 Coffee Break 10:30 - 11:30 Session 14- IFSB-19: Guiding Principles on Disclosure Requirements for ICM Products (Sukūk and ICIS) (Continued) Sharīʻah and Operations-related Disclosures for ICIS Specialist ICIS Disclosure Case Study 11:30 - 12:00 Closing Remarks & Certificate Giving Ceremony 12:00 - 15:00 Jumaah Prayer and Lunch   Downloadable Document(s) Event Session(s) - PDF Format

This 4-day Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for the regulatory and supervisory authorities for the banking sector. It will be hosted by the Arab Monetary Fund. Participation in this Workshop is opened to REGULATORS only. In general, 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. For queries, please contact the IFSB Secretariat, Mr. Esam Osama Al-Aghbari at [email protected].

This 3-day Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for the regulatory and supervisory authorities for the Takaful sector. In general, 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. For queries, please contact the IFSB Secretariat, Mr. Esam Osama Al-Aghbari at [email protected].