Capacity Building

The Workshops are hosted by Qatar Central Bank Participation is BY INVITATION only. For more information on the Workshops, please email Mrs. Azizakhon Yarlaeva at [email protected] Programme - Event Session(s) Date Time Topics Day 1 18/02/2013 07:30 - 08:00 Registration 08:00 - 08:15 Opening Remarks by the IFSB 08:15 - 09:45 Session 1: Overview of the Risk Management for the IIFS Islamic Finance: Concept and Contracts and Risks Implication for IIFS Overview of Prudential Issues in IIFS IFSB Key Risk Categories 09:45 - 10:15 Coffee Break 10:15 - 11:45 Session 2: Guiding Principles on Liquidity Risk Management for IIFS Funding and Market Liquidity Risk Necessary Conditions for an Effective Liquidity Risk Management in IFSI Governance Structure: Role of the Board of Directors and Senior Management Identification of Liquidity Risk Interactions of Liquidity Risk and Implications of Islamic Financing Contracts Case Study 11:45 - 12:15 Coffee Break & Prayers 12:15 - 13:45 Session 3: Guiding Principles on Liquidity Risk Management for IIFS Measurement of Liquidity Risk Diversification of the Funding Base Consolidated Management of Liquidity Risk Maintaining High-Quality Liquidity Buffer Preparing a Contingency Funding Plan Managing Sharī`ah-Compliant Collateral Case Study 13:45 - 14:45 Session 4: Experience Sharing Session 14:45 - 15:45 Lunch Day 2 19/02/2013 08:00 - 09:30 Session 5: Guiding Principles on Liquidity Risk Management for IIFS Collaboration between IIFS Meeting Payment and Settlement System Obligations Foreign Exchange Liquidity Risk Reporting and Disclosure of Liquidity Risk Group Discussion 09:30 - 10:00 Coffee Break 10:00 - 11:30 Session 6: Guiding Principles on Liquidity Risk Management for Supervisory Authorities Responsibility for Supervision of Liquidity Risk & Need for Supervisory Regulations Supervisors Role as Provider of Liquidity Support Supervision of Liquidity Risk at Consolidated Level Home-Host and Cross-Sector Supervision of Liquidity Risk Contingency Planning Supervisors Role in the Development of Liquidity Infrastructure Appendices: Suggested Metrics and Monitoring Tools Group Discussion Experience Sharing Session 11:30 - 12:00 Coffee Break & Prayers 12:00 - 13:30 Session 7: Understanding Stress Testing for Financial Institutions Stress Testing as a Risk Management Tool Stress Testing and Global Financial Crisis International Guidance on Stress Testing and Gap Analysis IFSB Comprehensive Stress Testing Framework for IIFS Governance Aspects of the Stress Testing Framework Identification of Risk Factors and Coverage of Scenarios 13:30 - 14:30 Session 8: Experience Sharing Session 14:30 - 15:30 Lunch Day 3 20/02/2013 08:00 - 09:30 Session 9: Guiding Principles on Stress Testing for IIFS (Cont d) Specific Elements of IIFS in Stress Testing Stress Testing Methodologies Frequency of Stress Testing Outputs of Stress Testing and Remedial Actions Disclosure of the Stress Testing Programme Comprehensive Case Study On Liquidity Risk Stress Testing Group Exercise 09:30 - 10:00 Coffee Break 10:00 - 11:30 Session 10: Stress Testing Solvency Simulation Exercises: How to Conduct Micro Level (or IIFS Level) Stress Testing Capital Requirements Stress Testing Credit Risk and Market Risk Related Stress Testing 11:30 - 12:00 Coffee Break & Prayers 12:00 - 13:30 Session 11: Guiding Principles on Stress Testing for Supervisory Authorities Regular and Comprehensive Assessments of IIFS Stress Testing Supervisory Evaluation of an IIFS Stress Testing Methodology Designing and Implementing System-Wide Stress Tests and Frequencies Corrective Actions & Regular Supervisory Dialogue with IIFS and the Industry Cross-border Issues and Home -Host Coordination Stress Testing Reporting Disclosures and Format 13:30 - 14:30 Session 12: Experience Sharing Session 14:30 - 14:50 Closing Ceremony 14:50 - 15:50 Lunch Downloadable Document(s) 1.) Event Session(s) - PDF Format

This Workshop is hosted by the Capital Markets Board of Turkey (CMB) The Workshop will cover the following IFSB Standards and Guiding Principles: • IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes • IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate Investment • IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services • IFSB-10: Guiding Principles on Sharī’ah Governance System for Institutions Offering Islamic Financial Services Participation in the Workshop is BY INVITATION only. For more information on the Workshop, please email to Mrs. Azizakhon Yarlaeva at [email protected] Programme - Event Session(s) Date Time Topics Day 1 04/03/2013 09:00 - 09:30 Registration 09:30 - 09:50 Opening Session 09:50 - 11:15 Session 1: Introduction to Islamic Capital Market Concept of Islamic Finance Key Products of Islamic Capital Market Key Issues in Islamic Capital Market 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2: IFSB - 7: Prudential Issues in Sukūk Instruments Sukūk Structures Collateral Security Structures Risks in a Securitization Structures Operational Requirements Pertaining to Sukūk and Securitizations 13:00 - 14:00 Lunch & Prayer 14:00 - 15:30 Session 3: IFSB - 7: Prudential Issues in Sukūk Instruments Cont’d Credit Risk Mitigation for Securitization Exposures Credit Enhancement for Shariah Compliant Securitization Case Study 15:30 - 16:00 Coffee Break 16:00 - 17:30 Session 4: Case Study Sukūk Structures Prudential Issues from Sukūk Structures Experience Sharing Session Day 2 05/03/2013 09:00 - 11:00 Session 5: IFSB - 6: Governance for Islamic Collective Investment Schemes Definition of ICIS, General Governance Approach of ICIS Transparency and Disclosure Compliance with Shariah Rules and Principles Additional Protection for ICIS Investors Case Study 11:00 - 11:15 Coffee Break 11:15 - 13:00 Session 6: IFSB-9: Conduct of Business Islamic Perspective on Conduct of Business Conduct of Business and Financial Stability IFSB Recommendations on Conduct of Business Case Study 13:00 - 14:00 Lunch & Prayer 14:00 - 15:30 Session 7: IFSB - 10: Shariah Governance System General Governance Approach to Shariah Governance System Requirements on Shariah Governance System Guiding Principles on Shariah Governance -Case Study & Group Exercise Centralised vs. Decentralised Sharīah Governance System 15:30 - 15:50 Coffee Break Downloadable Document(s) 1.) Event Session(s) - PDF Format

These Workshops will address the following IFSB Standards and Guidance Principles: • IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes • IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisation and Real Estate Investment • IFSB-8: Guiding Principles on Governance for Takāful (Islamic Insurance) Undertakings • IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services • IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services • IFSB-11: Standard on Solvency Requirements for Takāful (Islamic Insurance) Undertakings Participation in these Workshops are by INVITATION only. For more information on these Workshops, please email to Mrs. Azizakhon Yarlaeva at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 11/03/2013 09:50 - 16:00 Islamic Capital Markets: Sessions 1 - 3 SESSION 1: Introduction to Islamic Capital Market (Concept of Islamic Finance, Products of Islamic Capital Market, Issues in Islamic Capital Market) SESSION 2: IFSB – 7: Prudential Issues in Sukūk Instruments (Sukūk Structures, Collateral Security Structures, Risks in a Securitization Structures, Operational Requirements Pertaining to Sukūk and Securitizations) SESSION 3: IFSB – 7: Prudential Issues in Sukūk Instruments Credit Risk Mitigation for Securitization Exposures Credit Enhancement for Sharī’ah Compliant Securitization Case Studies 09:50 - 16:00 Takâful: Sessions 1 - 3 SESSION 1: Introduction to Islamic Finance and Takāful Concept and Contracts in Islamic Finance Takāful Models Prudential Issues in Takāful SESSION 2: Guiding Principles on Governance for Takāful (Islamic Insurance) Undertakings Reinforcement of Relevant Good Governance Practices Independence and Integrity of Governance Organs Appropriate Code of Ethics and Conduct Protection of Rights and Interests of Takāful Participants Appropriate Disclosures to Material and Relevant Information SESSION 3: Standard on Solvency Requirements for Takāful (Islamic Insurance) Undertakings Specificities of Solvency Requirements for Takāful Solvency Control Levels Criteria for Assessing the Quality and Suitability of Solvency Resources in the Takāful and Shareholders’ Funds Risk Management Framework Day 2 12/03/2013  DAY2 09:30 - 16:00 Islamic Capital Markets: Sessions 4 - 6 SESSION 4: IFSB – 6: Governance for Islamic Collective Investment Schemes Definition of ICIS General Governance Approach of ICIS Transparency and Disclosure SESSION 5: IFSB – 6: Governance for Islamic Collective Investment Schemes Cont’d Compliance with Sharī’ah Rules and Principles Additional Protection for ICIS Investors Case Studies SESSION 6: Countries Experiences Sharing session 09:30 - 11:00 Takâful: Sessions 4 - 6 SESSION 4: Case Studies IFSB - 8: Guiding Principles on Governance for Takâful (Islamic Insurance) Undertakings IFSB - 11: Standard on Solvency Requirements for Takâful (Islamic Insurance) Undertakings SESSION 5: Guidance Note on the Recognition of Ratings by external Credit Assessment Institutions (ECAIS) on Takâful and ReTakâful Undertakings Legal and Corporate Structure Underwriting Surpluses and Capital Levels Analytic Considerations which Refer in Particular to ReTakāful SESSION 6: Risk Management and Other Prudential Issues in Takāfu Country Experience Sharing Session Day 3 13/03/2013 09:30 - 16:00 Islamic Capital Markets & Takâful: Sessions 7 - 9 SESSION 7: IFSB - 9: Conduct of Business Islamic Perspective on Conduct of Business Conduct of Business and Financial Stability IFSB Recommendations on Conduct of Business Case Studies SESSION 8: IFSB - 10: Sharī’ah Governance System General Governance Approach to Sharī’ah Governance System Requirements on Sharī’ah Governance System SESSION 9:IFSB - 10: Sharī’ah Governance System Case Studies Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Agenda - Takaful

The Workshops are hosted by Labuan Financial Services Authority (LFSA) Participation is BY INVITATION only. For more information on the Workshops, please email Mrs. Azizakhon Yarlaeva at [email protected] Programme - Event Session(s) Date Time Topics Day 1 25/03/2013 09:00 - 09:30 Registration 09:30 - 09:50 Opening Session: Opening Remarks by the IFSB 09:50 - 11:15 Session 1: Overview of the IFSB Guiding Principle on Risk Management for the IIFS Islamic Finance: Concept and Contracts and Risks Implication for IIFS Overview of Prudential Issues in IIFS IFSB key Risk Categorie 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2: Guiding Principles on Liquidity Risk Management for IIFS Funding and Market Liquidity Risk Necessary Conditions for an Effective Liquidity Risk Management in IFSI Governance Structure: Role of the Board of Directors and Senior Management Identification of Liquidity Risk Case Study / Group Discussion 13:00 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 3: Guiding Principles on Liquidity Risk Management for IIFS Interactions of Liquidity Risk and Implications of Islamic Financing Contracts Measurement of Liquidity Risk Diversification of the Funding Base Consolidated Management of Liquidity Risk Case Study / Group Discussion 15:30 - 15:45 Coffee Break 15:45 - 16:30 Session 4: Guiding Principles on Liquidity Risk Management for IIFS Maintaining High - Quality Liquidity Buffer Preparing a Contingency Funding Plan Managing Sharī`ah - Compliant Collateral Case Study / Group Discussion Day 2 26/03/2013 09:30 - 11:15 Session 5: Guiding Principles on Liquidity Risk Management for IIFS Collaboration Between IIFS Meeting Payment and Settlement System Obligations Foreign Exchange Liquidity Risk Reporting and Disclosure of Liquidity Risk Case Study/ Group Discussion 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 6: Guiding Principles Liquidity Risk Management for Supervisory Authorities Responsibility for Supervision of Liquidity Risk & Need for Supervisory Regulations Supervisors Role as Provider of Liquidity Support Supervision of Liquidity Risk at Consolidated Level Home - Host and Cross - Sector Supervision of Liquidity Risk Supervisors Role in Contingency Planning & Development of Infrastructure Case Study / Group Discussion 13:00 - 14:00 Lunch and Prayers 14:00 - 15:00 Session 7: Launching of the IFSB Survey Findings on Sharī`ah - Compliant Lender of Last Resort (SLOLR) 15:00 - 15:15 Coffee Break 15:15 - 16:30 Session 8: Understanding Stress Testing for Financial Institutions Stress testing as a risk Management tool Stress Testing and Global financial crisis International Guidance on Stress Testing and Gap Analysis IFSB Comprehensive Stress Testing Framework for IIFS Governance Aspects of the Stress Testing Framework Identification of Risk Factors and Coverage of Scenarios Day 3 27/03/2013 09:30 - 11:15 Session 9: Guiding Principles on Stress Testing for IIFS (Cont’d) Specific Elements of IIFS in Stress Testing Stress Testing Methodologies Frequency of Stress Testing Outputs of Stress Testing and Remedial Actions Disclosure of the Stress Testing Programme Case Study on Liquidity Risk Stress Testing Group Exercise 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 10: Stress Testing Solvency Simulation Exercises: How to conduct Micro level (or IIFS level) Stress Testing Capital Requirements Stress Testing Credit risk and market risk related Stress Testing Sharī`ah Non- Compliance Stress Testing 13:00 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 11: Stress Testing Solvency Simulation Exercises (Cont d): How to conduct Micro level (or IIFS level) Stress Testing Capital Requirements Stress Testing Credit risk and market risk related Stress Testing Sharī`ah Non- Compliance Stress Testing 15:30 - 16:45 Coffee Break 15:45 - 16:00 Session 12: Guiding Principles on Stress Testing for Supervisory Authorities Regular and Comprehensive Assessments of IIFS Stress Testing Supervisory Evaluation of an IIFSs Stress Testing Methodology Designing and Implementing System-Wide Stress Tests and Frequencies Corrective Actions & Regular Supervisory Dialogue with IIFS and the Industry Cross-border Issues and Home-Host Coordination Stress Testing Reporting Disclosures and Format 16:30 - 17:00 Closing Ceremony Downloadable Document(s) 1.) Event Session(s) - PDF Format

The Workshops are hosted by Bangladesh Bank Participation is BY INVITATION only. For more information on the Workshops, please email Mrs. Azizakhon Yarlaeva at [email protected] Programme - Event Session(s) Date Time Topics Day 1 25/09/2013 DAY ONE 09:00 - 09:30 Registration 09:30 - 09:50 Opening Remarks by the IFSB and Bangladesh Bank 09:50 - 11:15 Session 1: Overview of the IFSB Guiding Principle on Risk Management for the IIFS Islamic Finance: Concept and Contracts and Risks Implication for IIFS Overview of Prudential Issues in IIFS IFSB key Risk Categories Guiding Principles on Liquidity Risk Management for IIFS Funding and Market Liquidity Risk Necessary Conditions for an Effective Liquidity Risk Management in IFSI Governance Structure: Role of the Board of Directors and Senior Management 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2: Guiding Principles on Liquidity Risk Management for IIFS Identification of Liquidity Risk Interactions of Liquidity Risk and Implications of Islamic Financing Contracts Measurement of Liquidity Risk Diversification of the Funding Base Consolidated Management of Liquidity Risk 13:00 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 3: Guiding Principles on Liquidity Risk Management for IIFS Maintaining High-Quality Liquidity Buffer Preparing a Contingency Funding Plan Managing Sharī`ah-Compliant Collateral Collaboration between IIFS Meeting Payment and Settlement System Obligations Foreign Exchange Liquidity Risk Reporting and Disclosure of Liquidity Risk 15:30 - 15:45 Coffee Break 15:45 - 16:30 Session 4: Guiding Principles Liquidity Risk Management for Supervisory Authorities Responsibility for Supervision of Liquidity Risk & Need for Supervisory Regulations Supervisors’ Role as Provider of Liquidity Support Supervision of Liquidity Risk at Consolidated Level Home-Host and Cross-Sector Supervision of Liquidity Risk Supervisors’ Role in Contingency Planning & Development of Infrastructure Case Study / Group Discussion Day 2 26/09/2013 DAY TWO 09:30 - 11:15 Session 5: Understanding Stress Testing for Financial Institutions Stress testing as a Risk Management Tool Stress Testing and Global Financial Crisis International Guidance on Stress Testing and Gap Analysis IFSB Comprehensive Stress Testing Framework for IIFS Governance Aspects of the Stress Testing Framework Identification of Risk Factors and Coverage of Scenarios 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 6: Guiding Principles on Stress Testing for IIFS (Cont’d) Specific Elements of IIFS in Stress Testing Stress Testing Methodologies Frequency of Stress Testing Outputs of Stress Testing and Remedial Actions Disclosure of the Stress Testing Programme Case Study on Liquidity Risk Stress Testing Group Exercise 13:00 - 14:00 Lunch and Prayers 14:00 - 15:00 Session 7: Stress Testing Solvency Simulation Exercises: How to Conduct Micro Level (or IIFS level) Stress Testing Capital Requirements Stress Testing Credit risk and Market Risk Related Stress Testing Sharī`ah Non- Compliance Stress Testing 15:00 - 15:15 Coffee Break 15:15 - 16:30 Session 8: Guiding Principles on Stress Testing for Supervisory Authorities Regular and Comprehensive Assessments of IIFS’ Stress Testing Supervisory Evaluation of an IIFS’s Stress Testing Methodology Designing and Implementing System-Wide Stress Tests and Frequencies Corrective Actions & Regular Supervisory Dialogue with IIFS and the Industry Cross-border Issues and Home-Host Coordination Stress Testing Reporting Disclosures and Format Downloadable Document(s) 1.) Event Session(s) - PDF Format

To enhance the awareness of the IFSB Standards, since 2007 the IFSB organises a series of initiatives called Facilitating Implementation of the IFSB Standards (FIS) Workshops. These IFSB-FIS Workshops are designed specifically for the Banking sector and attended by 49 participants from 7 countries. Participants ranged from regulatory and supervisory authorities, to market players. The Workshops have successfully covered the following topics: IFSB-1: Guiding Principles of Risk Management IFSB-3: Corporate Governance IFSB-10:Sharî’ah Governance System Subsequent to these Workshops, the IFSB organised a Supervisors Forum, specifically for supervisors to discuss the IFSB Standard on Supervisory Review Process (IFSB-5) as well as share experiences on its implementation. The Workshops and Forum addressed practical issues that participants are likely to encounter in implementing the IFSB Standards and Guiding Principles, these Workshops were hosted by the Central Bank of Oman REGISTRATION IS CLOSED FOR THIS EVENT Event Snapshots Programme - Event Session(s) Date Time Topics Day 1 30/09/2013 FIS WORKSHOPS - DAY 1 09:00 - 09:30 Registration 09:30 - 10:00 Opening Session: Opening Remarks by the IFSB and the Central Bank of Oman 10:00 - 10:15 Coffee Break 10:15 - 11:15 Introduction to Islamic Finance Concept and Contracts in Islamic Finance Specificities of Islamic Finance Introduction to Islamic Banking Operations Products of Islamic Banking 11:15 - 11:30 Coffee Break 11:30 - 13:00 Guiding Principles of Risk Management for IIFS IFSB-1 – Focus on Market Risk IFSB-1 – Focus on Liquidity Risk IFSB-1 – Focus on Rate of Return Risk Case Studies and Group Discussions 13:00 - 14:00 Lunch & Prayers 14:00 - 16:00 IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) Credit Risk & Supervisory Perspective Equity Investment Risk & Supervisory Perspective Operational Risk & Supervisory Perspective Market Risk & Supervisory Perspective Liquidity Risk & Supervisory Perspective Rate of Return Risk & Supervisory Perspective 16:00 - 16:15 Coffee Break Day 2 01/10/2013 FIS WORKSHOPS - DAY 2 09:30 - 11:15 Case Studies and Experience Sharing Case Studies on Risk Management Sharing Experiences on Risk Management Practices in the IFSB Member Countries 11:15 - 11:30 Coffee Break 11:30 - 13:00 Services (Excluding Islamic Insurance (Takaful) Institutions and Islamic Mutual Funds Overview of IFSB-3 Guiding Principle on Corporate Governance An Overview of IFSB-3: Guiding Principles on Corporate Governance for Institutions Offering Only Islamic Financial Scope of the IFSB-3 Approach of the IFSB-3 Recommended Best Practices on Corporate Governance for the IIFS General Governance Approach of IIFS 13:00 - 14:00 Lunch and Prayers 14:00 - 16:00 Recommended Best Practices on Corporate Governance for the IIFS (Cont’d). Rights of Investment Account Holders (IAH) Compliance with Shari’ah Rules and Principles Transparency and Financial Reporting in Respect of IAH Case Studies and Group Discussion 16:00 - 16:15 Coffee Break Day 3 02/10/2013 FIS WORKSHOPS - DAY 3 09:30 - 11:15 An Overview of IFSB-10: Guiding Principles on Shari’ah Governance Systems for Institutions Offering Islamic Financial Services Overview of Shari’ah Governance Systems General Approach to Shari’ah Governance Systems 11:15 - 11:30 Coffee Break 11:30 - 13:00 Recommendations of IFSB-10: Criteria for Sound Shari’ah Governance Systems Case Studies and Group Discussion 13:00 - 13:30 Closing ceremony 13:30 - 14:40 Lunch and Prayers Day 4 03/10/2013 SUPERVISORS FORUM 08:00 - 08:30 Registration 08:30 - 08:45 Opening Session: Opening Remarks by the IFSB 08:45 - 10:15 Overview of the IFSB Standard on Supervisory Review Process Infrastructure for Effective Supervision Regulatory Capital Requirements Treatment of IAH Capital adequacy, Risk Management and Corporate Governance 10:15 - 10:30 Coffee Break 10:30 - 12:00 Related Party Transactions Transparency and Market Discipline Consolidated and Home-host Supervision Window Operations Supervisory Issues in Real Estate Investments Supervisory Issues in Islamic Windows 12:00 - 12:30 Coffee Break & Prayers 13:15 - 14:15 Experience sharing session Experience sharing by the IFSB members Case study Downloadable Document(s) 1.) Event Session(s) - PDF Format

Participation is BY INVITATION only. For more information on the Workshops, please email Mrs. Azizakhon Yarlaeva at [email protected] Programme - Event Session(s) Date Time Topics Day 1 25/11/2013 DAY 1 09:00 - 09:30 Registration 09:30 - 09:50 Opening Session: Opening Remarks by the IFSB 09:50 - 11:10 Islamic Finance: Concept and Contracts and Risks Implication for IIFS Overview of Prudential Issues in IIFS 11:10 - 11:30 Coffee Break 11:30 - 13:00 IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) Credit Risk & Supervisory Perspective Equity Investment Risk & Supervisory Perspective Operational Risk & Supervisory Perspective Market Risk & Supervisory Perspective Liquidity Risk & Supervisory Perspective Rate of Return Risk & Supervisory Perspective 13:00 - 14:00 Lunch & Prayers 14:00 - 16:00 Case Studies and Experience Sharing Case Studies on Risk Management 16:00 - 16:30 Coffee Break Day 2 26/11/2013 DAY 2 09:30 - 11:30 Public Hearing of the Exposure Draft – 16: Revised Guidance on Key Elements in the Supervisory Review Process of Institutions Offering Islamic Financial Services (IIFS) 11:30 - 12:00 Coffee Break 12:00 - 13:00 Challenges in Liquidity Risk Management from Global Perspective and Implications for IIFS Significance of Liquidity Risk Management for Financial Institutions in Post-crisis World 13:00 - 14:00 Lunch & Prayers 14:00 - 16:00 Challenges in Liquidity Risk Management from Global Perspective and Implications for IIFS (Cont.) The Regulatory Response to Global Financial Crisis – Initiatives of Global Standard Setters and Supervisory Authorities Challenges in Liquidity Risk Managements by IIFS Experience sharing by Central Bank of Sudan on Liquidity Risk Management Supervision 16:00 - 16:30 Coffee Break Day 3 27/11/2013 DAY 3 09:30 - 11:00 Guiding Principles on Liquidity Risk Management of IIFS Funding and Market Liquidity Risk Necessary Conditions for an Effective Liquidity Risk Management in IFSI Governance Structure: Role of the Board of Directors and Senior Management Identification of Liquidity Risk Interactions of Liquidity Risk and Implications of Islamic Financing Contracts Case Study – 1: Liquidity Risk and Financial Distress in an IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Guiding Principles Liquidity Risk Management for Supervisory Authorities Responsibility for Supervision of Liquidity Risk & Need for Supervisory Regulations Supervisors’ Role as Provider of Liquidity Support Supervision of Liquidity Risk at Consolidated Level Case Study – 2: Supervisory arrangements for Shari’ah compliant Lender of Last Resort and other Liquidity Support to IIFS Experience sharing by Bank Negara Malaysia on Liquidity Risk Management Supervision 13:00 - 14:00 Lunch & Prayers 14:00 - 16:00 Understanding Stress Testing for Financial Institutions Stress Testing as a Risk Management Tool Stress Testing and Global Financial Crisis International Guidance on Stress Testing and Gap Analysis Necessary Conditions For An Effective Stress Testing Regime IFSB Comprehensive Stress Testing Framework for IIFS 16:00 - 16:30 Coffee Break Day 4 28/11/2013 DAY 4 09:30 - 00:00 Guiding Principles on Stress Testing for IIFS Governance Aspects of the Stress Testing Framework Identification of Risk Factors and Coverage of Scenarios Specific Elements of IIFS in Stress Testing Stress Testing Methodologies FSAP and Stress Testing 11:00 - 11:30 Coffee Break 11:30 - 13:00 Simulations and exercises on: How to Conduct “Micro level (or IIFS level) Stress Testing” Factors and Scenarios to Consider for Micro Stress Testing How to Conduct “Macro-level (or system-wide) Supervisory Stress Testing Factors and Scenarios to Consider for Macro-level Stress Testing 13:00 - 14:00 Lunch & Prayers 14:00 - 16:00 Exercises/Case Studies on Stress Testing for Selected IIFS Different IIFS’ Portfolios Related Stress Testing Capital Requirements Stress Testing Credit Risk Related Stress Testing Liquidity (i.e. funding and/or market liquidity) Risk Related Stress Testing Shari’ah Non-compliance Stress Testing under Operational Risk Profitability Related Stress Testing 16:00 - 16:30 Coffee Break Day 5 29/11/2013 DAY 5 09:30 - 12:00 Guiding Principles on Stress Testing for Supervisory Authorities Regular and Comprehensive Assessments of IIFS’ Stress Testing Supervisory Evaluation of an IIFS’s Stress Testing Methodology Designing and Implementing System-Wide Stress Tests and Frequencies Corrective Actions & Regular Supervisory Dialogue with IIFS and the Industry Cross-border Issues and Home-Host Coordination Stress Testing Reporting Disclosures and Format 12:00 - 12:30 Closing Ceremony 12:30 - 13:30 Lunch & Jumma Prayers Downloadable Document(s) 1.) Event Session(s) - PDF Format

This Workshop is hosted by the Central Bank of Nigeria (CBN). These Workshops will cover the following IFSB Standards and Guiding Principles: IFSB-8: Guiding Principles on Governance for Takâful (Islamic Insurance) Undertakings IFSB-12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services IFSB-13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services IFSB-14: Guiding Principle on Risk Management for Takāful (Islamic Insurance) Udertakings Participation in these Workshops are by INVITATION only. For more information on these Workshops, please email to Ms. Yazmin Aziz at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 13/01/2014 IFSB - FIS WORKSHOPS - DAY 1 09:00 - 09:30 Registration 09:30 - 09:50 Opening Session 09:50 - 11:30 Session 1: Islamic Finance: Concept and Contracts in Islamic Finance Specificities of Islamic Finance 11:30 - 11:45 Coffee Break 11:45 - 13:00 Session 2 : Fundamentals of Islamic Banking Islamic Banking Operations and Products 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 3: Takāful Principles Takāful Models Prudential Issues in Takāful 16:00 - 16:30 Coffee Break End of Workshop - Day 1 Day 2 14/01/2014 IFSB- FIS WORKSHOPS - DAY 2 09:30 - 11:30 Session 1: IFSB-14: Standard On Risk Management for Takāful (Islamic Insurance) Undertakings Specificities of Takāful (Islamic Insurance) Undertakings Relevant to Risk Management Significant Risks of Particular Relevance to Takāful 11:30 - 12:00 Coffee Break 12:00 - 13:00 Session 2: IFSB-14: Guiding Principle on Risk Management for Takāful (Islamic Insurance) Udertakings Enterprise Risk Management Key elements in the supervisory review process of risk management for Takāful undertakings Systemic risk considerations in Takāful 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 3: IFSB-8: Guiding Principles on Governance for Takâful (Islamic Insurance) Undertakings Reinforcement of Relevant Good Governance Practices Independence and Integrity of Governance Organs Appropriate Code of Ethics and Conduct Protection of Rights and Interests of Takāful Participants Appropriate Disclosures to Material and Relevant Information 16:00 - 16:30 Coffee Break End of Workshop - Day 2 Day 3 15/01/2014 IFSB - FIS WORKSHOPS - DAY 3 09:30 - 11:00 Session 1: Challenges in Liquidity Risk Management from Global Perspective and Implications for IIFS Significance of Liquidity Risk Management for Financial Institutions in Post-crisis World The Regulatory Response to Global Financial Crisis – Initiatives of Global Standard Setters and Supervisory Authorities Challenges in Liquidity Risk Managements by IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2: IFSB-12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services Funding and Market Liquidity Risk Necessary Conditions for an Effective Liquidity Risk Management in IFSI Governance Structure: Role of the Board of Directors and Senior Management Identification of Liquidity Risk Interactions of Liquidity Risk and Implications of Islamic Financing Contracts Case Study – 1: Liquidity Risk and Financial Distress in an IIFS 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 3: IFSB-12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services Responsibility for Supervision of Liquidity Risk & Need for Supervisory Regulations Supervisors’ Role as Provider of Liquidity Support Supervision of Liquidity Risk at Consolidated Level Case Study – 2: Supervisory arrangements for Shari’ah compliant Lender of Last Resort and other Liquidity Support to IIFS 16:00 - 16:30 Coffee Break End of Workshop - Day 3 Day 4 16/01/2014 IFSB - FIS WORKSHOPS - DAY 4 09:30 - 11:00 Session 1: Understanding Stress Testing for Financial Institutions Stress Testing as a Risk Management Tool Stress Testing and Global Financial Crisis International Guidance on Stress Testing and Gap Analysis Necessary Conditions For An Effective Stress Testing Regime IFSB Comprehensive Stress Testing Framework for IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2: IFSB-13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services Governance Aspects of the Stress Testing Framework Identification of Risk Factors and Coverage of Scenarios Specific Elements of IIFS in Stress Testing Stress Testing Methodologies FSAP and Stress Testing 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 3: Simulations and Exercises How to Conduct “Micro level (or IIFS level) Stress Testing” Factors and Scenarios to Consider for Micro Stress Testing 16:00 - 16:30 Coffee Break End of Workshop - Day 4 Day 5 17/01/2014 IFSB - FIS WORKSHOPS - DAY 5 09:30 - 12:00 Session 1: IFSB-13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services Regular and Comprehensive Assessments of IIFS’ Stress Testing Supervisory Evaluation of an IIFS’s Stress Testing Methodology Designing and Implementing System-Wide Stress Tests and Frequencies Corrective Actions & Regular Supervisory Dialogue with IIFS and the Industry Cross-border Issues and Home-Host Coordination Stress Testing Reporting Disclosures and Format 12:00 - 12:30 Closing Session 12:30 - 13:30 Lunch & Jumaah Prayer End of Workshop - Day 5 Downloadable Document(s) 1.) Event Session(s) - PDF Format

This Workshop is hosted by the Central Bank of Sudan (CBoS). This Workshop will cover the following IFSB Standards and Guiding Principles: IFSB-7: Capital Adequacy Requirements for Sukuk, Securitisations and Real Estate Investments IFSB-15: Revised Capital Adequacy Standard for Institutions offering Islamic Financial Services (other than Takaful Institutions and Islamic Collective Investment Schemes) GN-3: Guidance Note on the Practice of Smoothing the Profits Payout to Investment Account Holders GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio Participation in the Workshop is by INVITATION only. For more information on these Workshops, please email to Mrs. Ida Shafinaz Ab. Malek at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 18/02/2014 DAY 1: 18 FEBRUARY, TUESDAY 09:00 - 09:30 Registration 09:30 - 09:45 Opening Session Opening Speech by the IFSB Welcoming Speech by the CBoS 09:45 - 11:15 Guidance Note on the Practice of Smoothing the Profit Payout to Investment Account Holders (GN-3) Features of Various of Smoothing Techniques Identified Industry Practices Issues Related to Smoothing Practices 11:15 - 11:30 Coffee Break 11:30 - 13:00 Prudential Issues for Sukuk Instruments (IFSB-7) Sukuk Structures Collateral Security Structures Risks in Securitisation Structures Operational Requirements Pertaining to Sukuk and Securitisations 13:00 - 14:00 Lunch and Prayers 14:00 - 16:00 Prudential Issues for Sukuk Instruments (IFSB-7) Cont'd Credit Risk Mitigation for Securitisation Exposures Credit Enhancement for Shariah Compliant Securitisation Case Studies 16:00 - 16:30 Coffee Break End of Day 1 Day 2 19/02/2014 DAY 2: 19 FEBRUARY, WEDNESDAY 09:30 - 11:00 Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio (GN-4) Background of the Guidance Note Understanding Management of Profit-Sharing Investment Account (PSIA) Understanding the Concept of Alpha and DCR 11:00 - 11:30 Coffee Break 11:30 - 13:00 Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio (GN-4) Measurement of Risk Sharing in PSIA The Determination of Alpha and Displaced Commercial Risk (DCR) Role of Supervisory Authority in Determination of Alpha and DCR 13:00 - 14:00 Lunch and Prayers 14:00 - 16:00 Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio (GN-4) An Algebraic Approach for Measuring DCR and Alpha Case Studies 16:00 - 16:30 Coffee Break End of Day 2 Day 3 20/02/2014 DAY 3: 20 FEBRUARY, THURSDAY 09:30 - 11:00 Introduction to Regulatory Capital (IFSB-15) Component of Capital Regulatory Adjustments and Deductions Time Frame for Adoption of the New Capital Requirements 11:00 - 11:30 Coffee Break 11:30 - 13:00 Special Session on Recent Developments in Capital Adequacy Framework (IFSB & Basel) 13:00 - 14:00 Lunch and Prayers End of Workshop Downloadable Document(s) 1.) Event Session(s) - PDF Format

These Workshops will be held in Almaty, Kazakhstan and hosted by National Bank of the Republic of Kazakhstan (NBK). Participation in these Workshops is by INVITATION only. For more information on these Workshops, please email to Ms. Yazmin Aziz at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 17/06/2014 09:00 - 09:30 Registration 09:30 - 09:45 Opening & Keynote Session 09:45 - 11:15 Introduction to Islamic Finance Concept of Islamic Finance Products of Islamic banking Specificities of Islamic Finance 11:15 - 11:30 Coffee break 11:30 - 13:00 IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) Focus on Credit Risk and Supervisory Perspective Focus on Market Risk & Supervisory Perspective Focus on Operational Risk & Supervisory Perspective Group Exercise 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) Focus on Equity Investment Risk & Supervisory Perspective Focus on Liquidity Risk & Supervisory Perspective Focus on Rate of Return Risk & Supervisory Perspective Case Study 16:00 - 16:30 Coffee break Day 2 18/06/2014 09:30 - 11:00 IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of Institutions Offering Islamic Financial Services (Excluding Islamic Insurance (Takāful) Institutions and Islamic Collective Investment Schemes) Necessary Preconditions for Effective Supervision Supervisory Approaches in the Supervision of IIFS Regulatory Capital Requirements Internal Capital Adequacy Assessment Process 11:00 - 11:30 Coffee break 11:30 - 13:00 IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of Institutions Offering Islamic Financial Services (Excluding Islamic Insurance (Takāful) Institutions and Islamic Collective Investment Schemes) Governance and Risk Management Related Party Transactions Transparency and Market Discipline Consolidated and Home-host Supervision 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 IFSB-16: Revised Guidance on Key Elements in the Supervisory Review Process of Institutions Offering Islamic Financial Services (Excluding Islamic Insurance (Takāful) Institutions and Islamic Collective Investment Schemes) Islamic Window Operations Risk Concentration, Counterparty Credit Risk Reputational Risk, Hedging Techniques and Valuation Practices Supervisory Transparency and Accountability Case Study Day 3 19/06/2014 09:30 - 11:00 Introduction to Takāful Principles Basic Principles of Takāful Takāful Models Prudential Issues in Takāful 11:00 - 11:30 Coffee break 11:30 - 12:00 IFSB-14: Standard On Risk Management for Takāful (Islamic Insurance) Undertakings Specificities of Takāful (Islamic Insurance) Undertakings Relevant to Risk Management Significant Risks of Particular Relevance to Takāful Enterprise Risk Management Key Elements In The Supervisory Review Process Of Risk Management for Takāful Undertakings Systemic risk considerations in Takaful 13:00 - 14:00 Lunch & Prayer Downloadable Document(s) 1.) Event Session(s) - PDF Format

This Workshop is open to regulatory and supervisory authorities for the Islamic banking sector of the IFSB member countries. It intends to be a Train The Trainer programme for the staff on the IFSB Standards, and 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 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 regulators and supervisors on the implementation of respective IFSB Standards and Guiding Principles. The Workshop will focus on IFSB-15: Revised Capital Adequacy Standard for Institutions offering Islamic Financial Services, which was issued by the IFSB in December 2013 and GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard. Participation in this Workshop is by INVITATION only. For more information, please email to Mr. Hamizi Hamzah at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 18/08/2014 09:00 - 09:30 Registration 09:30 - 09:45 Opening Session 09:45 - 11:15 Session 1: IFSB-15: Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services (IIFS) Introduction and Objectives of IFSB-15 Background of Capital Regulation in the Banking Sector IFSB Standards and Other Guidelines on Capital Adequacy Other International Developments Related to Capital Regime After Basel III 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2: IFSB-15: Revised Capital Adequacy Standard for IIFS Components of Capital Capital Conservation Buffer Countercyclical Buffer Case Study on Components of Capital for IIFS 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3: IFSB-15: Revised Capital Adequacy Standard for IIFS Leverage Ratio Domestic Systemically Important Banks Group Exercise on Leverage Ratio Case Study on Countercyclical Buffer 16:00 - 16:30 Coffee Break Day 2 19/08/2014 09:30 - 11:00 Session 4: IFSB-15: Revised Capital Adequacy Standard for IIFS Principles for Minimum Capital Requirements Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Past Due Receivables & Other Assets 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5: IFSB-15: Revised Capital Adequacy Standard for IIFS Credit Risk Mitigation Risk Mitigation Approaches Maturity Mismatch Recognition of Ratings by External Credit Assessment Institution (ECAI) 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6: 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 Measuring Market Risks 16:00 - 16:30 Coffee Break Day 3 20/08/2014 09:30 - 11:00 Session 7: IFSB-15: Revised Capital Adequacy Standard for IIFS Understanding the Operational Risk in Islamic finance Measuring Operational Risks Sharī`ah Non-compliance Risk Group Exercise 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8: GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio Background of the Guidance Note Understanding Management of Profit-Sharing Investment Account (PSIA) Measurement of Risk Sharing in PSIA Role of Supervisory Authority in Determination of Alpha and Displaced Commercial Risk (DCR) 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9: GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio An Algebraic Approach for Measuring DCR and Alpha Case Studies Experience Sharing from the IFSB Member Countries 16:00 - 16:30 Coffee Break Day 4 21/08/2014 09:30 - 11:00 Session 10: IFSB-15: Revised Capital Adequacy Standard for IIFS Features of Sukūk and Securitisation Credit Enhancement for Sukūk Treatment for Regulatory Capital Purposes for Sukūk and Securitisation Exposures 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 11: IFSB-15: Revised Capital Adequacy Standard for IIFS Capital Requirements for Sukūk Capital Requirements where the IIFS is the Originator Treatment of Credit Risk Mitigation for Securitisation Exposures 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 12: IFSB-15: Revised Capital Adequacy Standard for IIFS Treatment of Credit Enhancement Provided by an Issuer or Originator Capital Requirements where the IIFS is the Credit Enhancer Case Study 16:00 - 16:30 Coffee Break Day 5 22/08/2014 09:30 - 10:30 Session 13: 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 10:30 - 10:45 Coffee Break 10:45 - 11:45 Session 14: Special Session on Recent Developments in Capital Adequacy Framework at the Global Level 11:45 - 12:15 Closing Remarks and Certificate-Giving Ceremony Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Lanai Kijang Room Reservation Form