Seminar on Rating of Takaful and ReTakaful

Grand Hyatt Singapore 10 Scotts Rd,, Singapore, Singapore, Singapore

This one-day seminar is held prior to the IFSB 4th Seminar on the Regulation of Takaful. Programme - Event Session(s) Date Time Topics Day 1 25/11/2008 08:30 - 09:00 Registration 09:00 - 09:15 Opening Session Briefing by Seminar Chairperson to set the objectives and goals of the Seminar. 09:15 - 10:15 Session 1: The Expansion of Takaful and Retakaful and the need for ratings 10:15 - 11:15 Session 2: Rating Agencies Methodologies for Takaful and Retakaful Firms (Part 1) 11:15 - 11:40 COFFEE BREAK 11:40 - 13:00 Session 3: Rating Agencies Methodologies for Takaful and retakaful Firms (Part 2) 13:00 - 14:30 Lunch and prayer 14:30 - 15:30 Session 4: Perspectives of Rated Institution 15:30 - 16:30 Session 5: Building Transparency, Understanding and Trust: next Steps in an Industry Dialogue Downloadable Document(s) 1.) Event Session(s) - PDF Format

4th Seminar on the Regulation of Takaful

Grand Hyatt Singapore 10 Scotts Rd,, Singapore, Singapore, Singapore

The Monetary Authority of Singapore is hosting the Seminar. Programme - Event Session(s) Date Time Topics Day 1 26/11/2008 09:00 - 09:30 Registration 09:30 - 10:00 Opening & Keynote Session Opening Address by Secretary-General of IFSB & Keynote Address by Deputy Managing Director (Prudential Supervision) of Monetary Authority of Singapore 10:00 - 10:30 COFFEE BREAK 10:30 - 12:00 Session 1: Risk Management - Managing Takaful Risk Risk management practices to support solvency Specificities of the Risk Management practices 12:00 - 13:30 Lunch & Prayer 13:30 - 15:00 Session 2: Treatment of Underwriting Surplus Ownership of the underwriting surplus Impact of the distribution of underwriting surplus on the solvency requirement Underwriting surplus as an element of incentive 15:00 - 15:30 COFFEE BREAK 15:30 - 16:30 Session 3: Retakaful - Issues and Opportunities Types of reinsurance that fit into retakaful solutions Role of retakaful arrangement in solvency of takaful undertaking Application of doctrine of necessity for retakaful Day 2 27/11/2008 09:30 - 11:00 Session 4: Solvency Framework Capital Adequacy Requirement Solvency Requirement 11:00 - 11:30 COFFEE BREAK 11:30 - 12:30 Session 5: Regulatory Issues Legal issues surrounding the solvency requirement The enforceability of Qard Facility in meeting deficit of the Takaful fund Downloadable Document(s) 1.) Event Session(s) - PDF Format

IFSB-FIS Workshop Series (Qatar): Risk Management | Capital Adequacy

Millennium Hotel Doha Doha, Qatar

Risk Management Capital Adequacy Programme - Event Session(s) Date Time Topics Day 1 04/12/2008 09:00 - 09:30 Registration 09:30 - 11:00 Session 1 Risk Management and Basel II Framework - Background Credit Risk Equity Investment Risk 11:30 - 12:30 Session 2 Market Risk Liquidity Risk Rate of Return risk 12:30 - 13:30 Lunch & Prayer Break 13:30 - 14:30 Session 3 Operational Risk Case Analysis (I) and Discussions 14:30 - 15:00 Coffee Break 15:00 - 16:00 Session 4 Case Analysis (II) and Discussions Day 2 05/12/2008 09:30 - 11:00 Session 1 An overview of Capital Adequacy Standard Measurement of Capital Requirements for Credit Risk 11:00 - 14:00 Lunch & Prayer Break 14:00 - 15:00 Session 2 Measurement of Capital Requirements for Credit Risk (Cont’d) 15:30 - 16:00 Coffee Break 16:00 - 17:00 Session 3 Measurement of Capital Requirements for Market Risk 17:00 - 17:30 Coffee Break 17:30 - 18:30 Session 4 Measurement of Capital Requirements for Operational Risk Capital Adequacy Formulas Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Registration Form - EVE088

IFSB-FIS Workshop Series (Sudan): Risk Management | Corporate Governance

Central Bank of Sudan Khartoum, Sudan

Risk Management Corporate Governance Supervisory Review Process Programme - Event Session(s) Date Time Topics Day 1 15/12/2008 09:00 - 09:30 Registration 09:30 - 11:00 Session 1 Risk Management and Basel II Framework-Background Credit Risk Equity Investment Risk 11:00 - 11:30 Coffee Break 11:30 - 12:30 Session 2 Market Risk Liquidity Risk Rate of Return Risk 12:30 - 13:30 Lunch & Payer Break 13:30 - 14:30 Session 3 Operational Risk Case Analysis (I) and Discussions 14:30 - 15:00 Coffee Break 15:00 - 16:00 Session 4 Case Analysis (II) and Discussions Day 2 16/12/2008 09:30 - 11:00 Session 1 Guiding Principles on Corporate Governance for Institutions offering only Islamic Financial Services (IFSB-3) – An Overview 11:00 - 11:30 Coffee Break 11:30 - 12:30 Session 2 IFSB-3 – A focus on the Recommended Best Practices 12:30 - 13:30 Lunch & Prayer 13:30 - 14:30 Session 3 Case Analysis (I) and Discussions 14:30 - 15:00 Coffee Break 15:00 - 16:00 Session 4 Case Analysis (II) and Discussions Day 3 17/12/2008 09:30 - 11:00 Session 1 An overview of Supervisory Review Process Standard Infrastructure for Effective Supervision Regulatory Capital Requirements Treatment of IAH Risk Management and Corporate Governance (RM, CG, Audit and Compliance) 11:00 - 11:30 Coffee Break 11:30 - 12:30 Session 2 Related Party Transactions Transparency and Market Discipline Consolidated and Home-host Supervision Window Operations Real Estate Investments 12:30 - 13:30 Lunch & Prayer 13:30 - 14:30 Session 3 Case Analysis (I) and Discussions 14:30 - 15:00 Coffee Break 15:00 - 16:00 Session 4 Case Analysis (II) and Discussions Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Registration Form - EVE089

Seminar on Islamic Finance

Lotte Hotel Seoul Seoul, Korea, Democratic People's Republic of

This Seminar is jointly organised with the Financial Services Commission / Financial Supervisory Service of Korea. Programme - Event Session(s) Date Time Topics Day 1 13/01/2009 TEST2 09:00 - 09:30 Registration 09:30 - 10:30 Opening & Keynote Session 10:30 - 11:00 Coffee Break 11:00 - 12:30 Session 1: Overview of the Islamic Financial Services Industry (IFSI) Perspectives of Regulators This session will see regulators and market players from the respective IFSI sectors i.e. banking, capital market and insurance discussing their area of focus. It will highlight the challenges faced by these stakeholders in facilitating the development of the IFSI business sector in regulating them effectively. 12:30 - 13:30 Lunch 13:30 - 15:00 Session 2: Operational and business structural issues in starting an Islamic financial services unit This session aims to discuss the relevant operational and business structural issues faced by IFSI stakeholders in developing an Islamic financial services unit. Market players from the banking, capital market and insurance sectors will highlight the approaches taken by them to develop their Islamic financial services unit within the existing industry, legal and regulatory structure. 15:00 - 15:30 Coffee Break 15:30 - 17:00 Session 3: Current issues facing IFSI - Shariah, Legal and Business Development The session will discuss the current and pertinent Shariah, legal and business development issues in the IFSI currently being faced by the IFSI market players and how they are managing these issues in their day-to-day operations. 19:00 - 21:00 Gala Dinner Day 2 14/01/2009 TEST1 09:30 - 11:00 Session 4: Case studies on Sukuk issuance The case studies will discuss the objectives and approaches of the relevant organisations in issuing out Sukuk instruments at the global level. The session aims to highlight the relevant building blocks that must be put out in place to enable an organisation to issue Sukuk successfully. 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5: Islamic Finance: Challenges and opportunities for Korea (Panel Discussion) The session aims to highlight the business, legal and regulatory structure that must be established for Korea to set up its own IFSI. It will also highlight the potential of Korea and the role of its stakeholders in the effort. 13:00 - 14:00 Lunch Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Hotel Reservation Form 3.) Registration Form (English) 4.) Registration Form (Korean)

IFSB – FIS Workshop Series (Bahrain): Risk Management | Corporate Governance | Supervisory Review Process

Central Bank of Bahrain Manama, Bahrain

Risk Management Corporate Governance Supervisory Review Process Programme - Event Session(s) Date Time Topics Day 1 03/02/2009 08:30 - 09:00 Registration 09:00 - 10:00 Session 1 Risk Management and Basel II Framework - Background Credit Risk Equity Investment Risk 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 2 Market Risk Liquidity Risk Rate of Return Risk 12:00 - 12:30 Coffee Break & Prayer 12:30 - 14:30 Session 3 Operational Risk Case Analysis (I) and Discussions Case Analysis (II) and Discussions 14:30 - 15:30 Lunch Day 2 04/02/2009 09:00 - 10:00 Session 1 Guiding Principles on Corporate Governance for Institutions offering only Islamic Financial Services (IFSB-3) - An Overview 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 2 IFSB-3 - A focus on the Recommended Best Practices 12:00 - 12:30 Coffee Break & Prayer 12:30 - 14:30 Session 3 Case Analysis (I) and Discussions Case Analysis (II) and Discussions 14:30 - 15:30 Lunch Day 3 05/02/2009 09:00 - 10:00 Session 1 An overview of Supervisory Review Process Standard Infrastructure for Effective Supervision Regulatory Capital Requirements Treatment of IAH Risk Management and Corporate Governance (RM, CG, Audit and Compliance) 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 2 Related Part Transactions Transparency and Market Discipline Consolidated and Home -host Supervision Window Operations Real Estate Investments 12:00 - 12:30 Coffee Break & Prayer 12:30 - 14:30 Session 3 Case Analysis (I) and Discussions Case Analysis (II) and Discussions 14:30 - 15:30 Lunch Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Registration Form

2nd Public Lecture on Financial Policy and Stability

The Public Lecture is held in conjunction with the 50th Anniversary of Bank Negara Malaysia. The Speakers are: - H.E. Yves Mersch, Governor, Central Bank of Luxembourg - Dr. Abbas Mirakhor, former Dean of International Monetary Funds Executive Board REGISTRATION FOR THE PUBLIC LECTURE HAS BEEN CLOSED. Programme - Event Session(s) Date Time Topics Day 1 08/02/2009 09:00 - 09:30 Registration 09:30 - 10:30 2nd Islamic Financial Services Board Public Lecture on Financial Policy and Stability Lecture 1 by H.E. Yves Mersch - Governor, Central Bank of Luxembourg 10:30 - 11:00 Coffee break 11:00 - 12:00 2nd Islamic Financial Services Board Public Lecture on Financial Policy and Lecture 2 by Dr. Abbas Mirakhor - Former Dean of International Monetary Funds Executive Board 12:00 - 13:00 Lunch (End of Public Lecture) Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) IFSB Public Lecture on Financial Policy and Stability: PROGRAMME

IFSB – FIS Workshop Series (Pakistan): Risk Management/Corporate Governance/ Supervisory Review Process

State Bank of Pakistan Karachi, Pakistan

Risk Management Corporate Governance Supervisory Review Process Programme - Event Session(s) Date Time Topics Day 1 23/02/2009 09:00 - 09:30 Registration 09:30 - 11:00 Session 1 Risk Management and Basel II Framework-Background Credit Risk Equity Investment Risk 11:00 - 11:30 Coffee Break 11:30 - 12:30 Session 2 Market Risk Liquidity Risk Rate of Return Risk 12:30 - 13:30 Coffee Break & Prayer 13:30 - 14:30 Session 3 Operational Risk Case Analysis (I) and Discussions 14:30 - 15:00 Lunch 15:00 - 16:00 Session 4 Case Analysis (II) and Discussions Day 2 24/02/2009 09:30 - 11:00 Session 1 Guiding Principles on Corporate Governance for Institutions offering only Islamic Financial Services (IFSB-3) – An Overview 11:00 - 11:30 Coffee Break 11:30 - 12:30 Session 2 IFSB-3 – A focus on the Recommended Best Practices 12:30 - 13:30 Lunch & Prayer 13:30 - 14:30 Session 3 Case Analysis (I) and Discussions 14:30 - 15:00 Coffee Break 15:00 - 16:00 Session 3 Case Analysis (II) and Discussions Day 3 25/02/2009 09:30 - 11:00 Session 1 • An overview of Supervisory Review Process Standard Infrastructure for Effective Supervision Regulatory Capital Requirements Treatment of IAH Risk Management and Corporate Governance (RM, CG, Audit and Compliance) 11:00 - 11:30 Coffee Break 11:30 - 12:30 Session 2 Related Party Transactions Transparency and Market Discipline Consolidated and Home-host Supervision Window Operations Real Estate Investments 12:30 - 13:30 Lunch & Prayer 13:30 - 14:30 Session 3 Case Analysis (I) & Discussion 14:30 - 15:00 Coffee Break 15:00 - 16:00 Session 4 Case Analysis (II) & Discussion Downloadable Document(s) 1.) Event Session(s) - PDF Format

3rd Islamic Financial Services Forum: The European Challenge

The Westin Paris Paris, France

This Forum is jointly organised with the Financial Stability Institute and hosted by Banque de France. For more information, please email [email protected] Programme - Event Session(s) Date Time Topics Day 1 04/03/2009 08:30 - 09:00 Registration 09:00 - 09:30 Opening and Keynote Session 09:30 - 10:30 Session 1 - Risks associated with liquidity in the Islamic financial services industry 10:30 - 11:00 Coffee break 11:00 - 12:30 Session 2: Infrastructures for managing liquidity and liquidity risks 12:30 - 13:30 Lunch 13:30 - 14:30 Session 3: Legal, Shariah and regulatory issues in liquidity management 14:30 - 15:30 Session 4: Case Study: IFSI liquidity management approaches in selected countries 15:30 - 16:00 Coffee Break 16:00 - 17:30 Session 5: Development of a liquidity management framework for the Islamic financial services industry Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Brochure: IFSB European Challenges Forum 2009 3.) Participant Registration Form 4.) Westin Hotel Reservation Form

IFSB Annual Meetings

- Bali, Indonesia

14th Meeting of the Council of the IFSB 7th Meeting of the General Assembly Hosted by the Saudi Arabian Monetary Authority - Open to Members of the IFSB only - Please email [email protected] for more information.

7th Meeting of the General Assembly

Four Seasons Hotel Riyadh, The Kingdom of Saudi Arabia Riyadh, Saudi Arabia

Hosted by the Saudi Arabian Monetary Authority - Open to Members of the IFSB only - Please email [email protected] for more information.

Seminar on Prudential and Governance Framework for Islamic Finance

Al Sonbok Hall, SHARQ Village & Spa Doha, Qatar

This Seminar is jointly organised with Qatar Faculty of Islamic Studies (QFIS). For more information, please contact Mr. Abdulla Alhawal Tel: +974 454 6565 Fax: +974 454 6576 email: [email protected]  Programme - Event Session(s) Date Time Topics Day 1 15/04/2009 09:00 - 09:30 Registration 09:30 - 10:00 Welcoming Remarks 10:00 - 11:00 Keynote Address Prudential Requirements for Institutions offering Islamic financial services (IIFS) 11:00 - 11:30 Morning coffee and Networking break 11:30 - 12:45 Session 1 Corporate Governance of IIFS 12:45 - 14:00 Lunch & Zuhr Prayer 14:00 - 15:15 Session 2 Governance for Takāful Operations 15:15 - 16:30 Session 3 Sharī’ah Governance 16:30 - 17:00 Afternoon Tea and End of first day Day 2 16/04/2009 09:30 - 10:45 Session 4 Legal Issues and Challenges facing IIFS 10:45 - 11:15 Morning coffee and Networking break 11:15 - 12:30 Session 5 Sukūk & Rating Methodologies of External Credit Rating Agencies 12:30 - 13:30 Roundup Discussion 13:30 - 14:30 Lunch and End of Seminar Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Press Release (Arabic Version) - From QFIS 3.) Press Release (English Version) - From QFIS 4.) Registration Form (Arabic Version) 5.) Registration Form (English Version)