The 7th Working Group Meeting on Revised Solvency Requirements for Takaful/Retakaful Undertakings is scheduled to be held as follow : Date 9 March 2022 Time 3.00 PM (GMT +8.00, KL time) Venue Web-conference / webinar Participation in the meeting is open to the Working Group members only. For more information, please email to [email protected]. Event Snapshots
This FIS Workshop is tailored for the National Bank of Tajikistan as part of IFSB’s implementation tools offered as membership benefits which are available to all members upon request. The 3-day workshop covers IFSB-15: Revised Capital Adequacy Standard and IFSB-16: Revised Guidance on Key Elements in The Supervisory Review Process.
Theme: Integrating Islamic Finance into Sustainable Finance: The Role of Regulators and Market Players (Islamic Capital Market Sector) Transitioning to sustainable finance and economies including mitigating climate change are amongst major issues that are currently at the forefront of the global consciousness. In recent years, there has been an increase in the efforts to promote more sustainable finance development, both within the public and the private sectors, including through Islamic finance sectors. Islamic finance should have strategic roles and contributions to take part in managing the impact of climate change and environmental, governance or social risks. Accordingly, Islamic finance activities designed to be, or labelled as, sustainable have increased particularly the ICM sector in recent years. Some jurisdictions are taking policy or regulatory steps to enhance the role of the Islamic financial system in the transition towards sustainable finance development. There has also been increasing recognition of climate-related risks as a source of financial risk that can affect not only specific firms or sectors but more broadly the stability of the financial system. This has increased the focus by prudential regulators on these issues within their mandate of ensuring the resiliency of the financial system to material risks. This executive program intends to discuss and elaborate the roles of regulators and market players in supporting sustainable finance particularly through the Islamic capital market (i.e. Islamic green sukuk and social sukuk).
This FIS workshop is tailored for the Securities and Exchange Commission of Pakistan (SECP) as part of IFSB’s implementation tools offered as membership benefits that are available to all members upon request. The 2-day workshop covers two standards namely IFSB-19: Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukuk and Islamic Collective Investment Schemes – ICIS) and IFSB-24: Guiding Principles on Investor Protection in Islamic Capital Markets
The 2nd Meeting of IFSB IFSI Stability Report Quality Improvement Committee is scheduled to be held as follow: Date 21 March 2022 Time 3.30 PM (GMT +8.00, KL time) Venue Web-conference / webinar Participation in the meeting is open to the committee members only. For more information, please email to [email protected].
The Secretariat is pleased to announce that the 56th Meeting of the Technical Committee will be held online on Thursday, 24 March 2022. Participation is by invitation only. For participation enquiries and registration for the meeting, please email to Ms. Nissa at [email protected]
The 17th Task Force Meeting on Prudential and Structural Islamic Financial Indicators (PSIFIs) is scheduled to be held via online as follows: Date 28 March 2022 (Monday) Time 14:30 - 18:00 (GMT +8.00, Malaysia Time) Participation is by invitation only. For participation enquiries and registration for the meeting, please email to Ms. Nissa at [email protected]
This workshop is dedicated for the "Core Principles for Effective Islamic Deposit Insurance Systems" which is a mutual standard between IFSB and International Association of Deposit Insurance (IADI) issued in 2021. The standard covers topic related to Islamic deposit insurance such as public policy objectives, governance, relations with other safety net participants, cross-border issues, coverage, public awareness among other topics. It also addresses specificities of Islamic deposit insurance and key considerations for Investment Accounts. The 1-day online workshop is open to all IFSB members for free as part of their membership benefits. The outline of the workshop is as follows: 1- The need for the standard on Core Principles for Effective Islamic Deposit Insurance Systems (CPIDIS) 2- Required Islamic finance infrastructure for Islamic Deposit Insurance Systems (IDIS) 3- Discussion on 17 CPIDIS and mapping the International Association of Deposit Insurers’ Core Principles 4- Shariʻah Requirements and Specificities for IDIS Design 5- Key Considerations for Investment Accounts under an IDIS The workshop will be conducted from 3.30 pm to 6.30 pm (Kuala Lumpur time). Registration can be done through the following link: bit.ly/3JLDzsN
The Secretariat is pleased to announce that the 7th Meeting of the Executive Committee will be held online on Wednesday, 13 April 2022. Participation is by invitation only. For participation enquiries and registration for the meeting, please email to Ms. Nissa at [email protected]
This workshop is dedicated for IFSB-26: Core Principles for Islamic Finance Regulation (Financial Market Infrastructures). The standard presents overview of the key risks in Financial Marker Infrastructure (FMI) along with core principles for aspects related to the regulation of FMI such as legal basis, governance and Shariah governance, risk management, collateral, money settlements, physical deliveries, efficiency and effectiveness, disclosure, among others. The 1-day online workshop is open to all IFSB members for free as part of their membership benefits. The outline of the workshop is as follows: 1- Introduction to the standard 2- Key risks for Islamic Financial Market Infrastructures (FMIs) 3- Discussion on 25 Core principles for Islamic Finance Regulation The workshop will be conducted from 3.30 pm to 6.30 pm (Kuala Lumpur time). Registration can be done through the following link: bit.ly/3gZNwpV
In its IFSB 56th Technical Committee Meeting held on 24 March 2022, the Technical Committee of the Islamic Financial Services Board has approved the issuance of the following Exposure Drafts (ED) for public consultation; Guidance Note-8 on Deepening the Islamic Capital Markets (ED-GN-8) The Public Consultation period will be from 25 March 2022 until 26 May 2022 In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-GN-8 on Thursday, 21 April 2022 at 3.30 PM (GMT +8.00, Malaysia time). Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme. Kindly register in advance for this webinar: https://zoom.us/webinar/register/WN_bvHjbNObTNmxM6EjOCz3RQ An email confirmation containing about joining the webinar will be sent after registration. Ms. Fadhila Izzati Mokhtar ([email protected]) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar. We look forward to receiving your registration for Public Hearing session as well as feedback on ED-GN-8. Event Snapshots
In its IFSB 56th Technical Committee Meeting held on 24 March 2022, the Technical Committee of the Islamic Financial Services Board has approved the issuance of the following Exposure Drafts (ED) for public consultation; Core Principles for Islamic Finance Regulation - (ED-27) The Public Consultation period will be from 25 March 2022 until 23 June 2022 In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-27 on Monday, 25 April 2022 at 3.30 PM (GMT +8.00, Malaysia time). Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme. Kindly register in advance for this webinar: https://zoom.us/webinar/register/WN_x89h6buGQW-zbZZ9qJyX4g An email confirmation containing about joining the webinar will be sent after registration. Ms. Fadhila Izzati Mokhtar ([email protected]) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar. We look forward to receiving your registration for Public Hearing session as well as feedback on ED-27. Event Snapshots
