Islamic Financial Services Board

IFSB-FIS Workshops on the IFSB Standards for Institutions offering Islamic Financial Services
2012-03-07 09:00 - 2012-03-08 17:00 UTC | Meeting Room 2, Level 4, Lanai Kijang, Bank Negara Malaysia, kuala lumpur, Malaysia
This Workshop is hosted by Bank Negara Malaysia. This Workshop will address the following IFSB Standards and Guidance Principles: IFSB-3: Guiding Principles on Corporate Governance for Institutions Offering only Islamic Financial Services (Excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds IFSB-4: Disclosures to Promote Transparency and Market Discipline for Institutions Offering Islamic Financial Services (excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) 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 Participation in the Workshop is by INVITATION only. For more information on the Workshop, please email to Ms. Yazmin Aziz at yazmin@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
07/03/2012
09:00 – 09:30
Registration

09:30 – 09:45
Welcoming Remark

09:45 – 11:00
Session 1 – IFSB-3: Guiding Principles on Corporate Governance for Institutions Offering only Islamic Financial Services (Excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) (IIFS) Overview of IFSB-3: Guiding Principles on Corporate Governance for IIFS Understanding the motivating factors Defining ‘corporate governance’ and ‘stakeholders’ in the context of IIFS Corporate governance issues specific to IIFS

11:00 – 11:15
Coffee Break

11:15 – 13:00
Session 2 – IFSB-3: Guiding Principles on Corporate Governance for Institutions Offering only Islamic Financial Services (Excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) (IIFS) Recommendations of IFSB-3: Guiding Principles on Corporate Governance for IIFS Case Studies on IFSB-3: Guiding Principles on Corporate Governance for IIFS

13:00 – 14:00
Lunch & Prayer

14:00 – 15:30
Session 3 – IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions offering Islamic Financial Services (IIFS) Overview of IFSB-10: Sharī`ah Governance Systems for IIFS General Approach to Sharī`ah Governance Systems for IIFS Criteria for sound Sharī`ah Governance Systems for IIFS

15:30 – 15:45
Coffee Break

15:45 – 17:00
Session 4 – IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services (IIFS) Case Studies on IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS

Day 2
08/03/2012
09:30 – 11:00
Session 5 – IFSB-4: Disclosures to Promote Transparency and Market Discipline for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) (IIFS) Overview of IFSB-4: Disclosures to Promote Transparency and Market Discipline (TMD) for IIFS IFSB-4 Necessary Conditions for Effective TMD IFSB-4 Recommended Disclosures for IIFS

11:00 – 11:15
Coffee Break

11:15 – 13:00
Session 6 – IFSB-4: Disclosures to Promote Transparency and Market Discipline for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) (IIFS) IFSB-4 Recommended Disclosures for IIFS (Cont’d) IFSB-4 Implementation Issues and Challenges Case Studies on IFSB-4: Disclosures to Promote TMD for IIFS

13:00 – 14:00
Lunch & Prayer

14:00 – 15:30
Session 7 – IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services (IIFS) An Insight into IFSB-9: Guiding Principles on Conduct of Business for IIFS

15:30 – 15:45
Coffee Break

15:45 – 17:00
Session 8 – IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services (IIFS) Case Studies on IFSB-9: Guiding Principles on Conduct of Business for IIFS

17:00 – 17:15
Closing Ceremony

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB FIS Workshop Series (Maldives) : IFSB-6, IFSB-7, IFSB-9 and IFSB-10
2012-02-22 09:00 - 2012-02-23 17:00 | Islamic Centre Hall, Ministry of Islamic Affairs, Male, Maldives
This Workshop has been postponed to a later date.

Programme – Event Session(s)

Date
Time
Topics

Day 1
22/02/2012
09:00 – 09:30
Registration

09:30 – 09:50
Opening Session

09:50 – 11:15
Session 1: Introduction to Islamic Capital Market Concept and contracts in Islamic Finance Overview of key Islamic capital market products – Sukūk – Sharī`ah compliant stocks and indexes – Islamic collective investment schemes

11:15 – 11:30
Coffee Break

11:30 – 13:00
Session 2: IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisation and Real Estate Investment Overview of prudential issues in sukūk instruments

13:00 – 14:00
Lunch & Prayer

14:00 – 15:30
Session 3: IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisation and Real Estate Investment Prudential issues in sukūk instruments (case study)

15:30 – 16:00
Coffee Break

16:00 – 17:00
Session 4: IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes

Day 2
23/02/2012

09:30 – 11:00
Session 5: IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes Recommended best practices and case studies

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 6: IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services

13:00 – 14:00
Lunch & Prayer

14:00 – 15:30
Session 7: IFSB-10: Guiding Principles on Sharī`ah Governance System for Institutions Offering Islamic Financial Services

15:30 – 16:00
Coffee Break

16:00 – 17:00
Session 8: IFSB-10: Guiding Principles on Sharī`ah Governance System for Institutions Offering Islamic Financial Services Case studies

17:00 – 17:30
Closing Ceremony

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Workshop on Islamic Finance
2012-01-26 14:00 - 18:00 | Room CIV (2nd floor Eurotower), European Central Bank, Frankfurt, Germany
This Workshop is hosted by the European Central Bank and participation in this Workshop is by Invitation only. For more information, please email to Ms. Yazmin Aziz at yazmin@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
26/01/2012
14:00 – 14:30
Registration

14:30 – 14:50
Opening & Keynote Session

14:50 – 15:40
Session 1 : Overview of Islamic Finance: Banking, Capital Markets and Takāful in the run-up to the crisis

15:40 – 16:00
Coffee and Networking Break

16:00 – 17:00
Session 2: Empirical Evidence on the Impact of Islamic Banking on Financial Stability

17:00 – 17:40
Session 3: Islamic Finance and the Financial Crisis : Lessons for the Interaction with Traditional Western Finance

17:40 – 18:00
Coffee & Networking

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Hotels In Frankfurt

Seminar on Emerging Shari`ah Issues in Regulatory Capital and Risk Management in Islamic Banking
2012-01-17 08:30 - 2012-01-18 17:00 | Songket Hall 2, Level 4, Rizqun International Hotel, Gadong, Bandar Sri Begawan, Brunei Darussalam
This IFSB Seminar is hosted by the Autoriti Monetari Brunei Darussalam and supported by the Centre for Islamic Banking, Finance and Management, Brunei Darussalam. This one and a half-day seminar aims to discuss Shari`ah issues emerging from the regulatory capital requirement for institutions offering Islamic financial services in light of international regulatory developments such as Basel III. In this respect, the Seminar will examine current issues relating to the utilisation of funding, sources of funds and market practices on the management of risks, and their impacts to the capital regulatory requirement. For more information on the Seminar, please email to Ms. Puteri at puteri@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
17/01/2012
08:30 – 09:30
Registration

09:30 – 10:30
Opening and Welcoming Remarks

10:30 – 11:00
Coffee break & Networking

11:00 – 12:30
Session 1 : Regulatory Capital This session aims to address relevant Sharī`ah issues in stipulating the regulatory capital for Islamic banks, especially in the backdrop of international regulatory developments such as Basel III.

12:30 – 14:00
Lunch and Prayers

14:00 – 15:30
Session 2: Credit and Equity Investment Risks This session will discuss the pertinent Sharī`ah and prudential issues in managing credit risk by Islamic banks

15:30 – 17:00
Session 3: Market and Operational Risks This session will examine current and emerging market practices as well as regulatory considerations in the management of market and operational risks by Islamic banks

Day 2
18/01/2012
09:30 – 10:00
Morning Coffee and Networking

10:00 – 11:30
Session 4: Profit-Sharing Investment Accounts (PSIA) and Sharī`ah-compliant Deposits This session aims to highlight Sharī`ah and regulatory considerations arising out of PSIA and other types of deposit schemes offered by Islamic banks

11:30 – 13:00
Session 5: Panel Discussion on Contemporary Sharī`ah Issues in Light of the Rapid Industry Development and Dynamic Regulatory Framework

13:00 – 14:30
Lunch END OF SEMINAR

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

The IFSB Public Hearing on Exposure Drafts 12 and 13
2011-12-14 09:00 - 11:15 | Al-Ghazal 1 Room, The Ritz-Carlton, Bahrain Hotel & Spa, Manama, Bahrain
The Public Hearing will cover the followings: 1) Exposure Draft 12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takaful) Institutions and Islamic Collective Investment Schemes) 2) Exposure Draft 13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services (other than Islamic Insurance (Takaful) Institutions and Islamic Collective Investment Schemes) For more information on the Public Hearing, please email to Ms. Ismawaty Ismail at ismawaty@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
14/12/2011
09:00 – 09:30
Registration

09:30 – 10:00
Presentation on Exposure Draft – 12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takaful) Institutions and Islamic Collective Investment Schemes)

10:00 – 10:30
Question and Answer

10:30 – 11:00
Presentation on Exposure Draft – 13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services (other than Islamic Insurance (Takaful) Institutions and Islamic Collective Investment Schemes)

11:00 – 11:30
Question and Answer

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Roundtable on Regulating Institutions Offering Islamic Financial Services (IIFS): Risk Management Lessons Learned from the Crisis
2011-12-13 08:30 - 14:00 | Al Ghazal 2, The Ritz-Carlton Bahrain Hotel & Spa, Manama, Bahrain
This IFSB Roundtable is hosted by the Central Bank of Bahrain and supported by Deloitte IFKC. Many financial sector and regulatory practices have contributed to the recent financial crisis, but foremost among these were important failures in risk management practices and processes, as well as weaknesses in many parts of the financial services sector. This Roundtable aims to shed light on the current practices of risk management in the institutions offering Islamic financial services (IIFS) and how regulatory and supervisory authorities can benefit in reshaping the regulation for the Islamic financial services industry (IFSI). The Roundtable aims to benefit professionals involved in risk management specifically in the Islamic banking sector. Participation is by invitation only.

Programme – Event Session(s)

Date
Time
Topics

Day 1
13/12/2011
08:30 – 09:30
Registration

09:30 – 11:00
Session 1: Current state of the risk management in the IIFS New emerging products and services creating new levels of risk and complexities Concentration or excessive leveraging in various IIFS portfolios Key risk management lessons learned by the IIFS from the crisis and potential challenges

11:00 – 11:30
Coffee and Networking Break

11:30 – 13:00
Session 2: Regulatory aspects of risk management IIFS cross-sectoral exposures and concern for supervisory authorities Systemic risk management Sharī`ah non-compliance and legal risks identifying and regulating systemic risk enterprise risk management for systemic risk Implications of the evolving risks facing the IFSI to supervisory authorities Incentives, risk management, governance and transparency Will better transparency improve financial stability?

13:00 – 14:00
Lunch and End of Roundtable

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Speakers Profile

IFSB Roundtable Discussion on Standard on Solvency Requirements for Takāful (Islamic Insurance) Undertakings
2011-11-23 13:30 - 17:30 | Kings Court Room, Cinnamon Lakeside Hotel, Colombo, Sri Lanka
Since the IFSB-11: Standard on Solvency Requirements for Takāful (Islamic Insurance) Undertakings was published in December 2010, the Standard has received various feedback from the public with regards to its applicability to the existing Takāful operators (TO). Many TOs have the impression that the IFSB did not address the pertinent issues with regards to the fungibility of the Shareholders’ Fund and the Participants’ Funds. The Global Takāful Group (GTG) has expressed its wish to be heard. This IFSB Roundtable Discussion is hoped to assist the GTG understand better the true intention of the document. This Roundtable Discussion is supported by Prudential HK Limited and Amana Takaful and participation is by Invitation Only. For more information, please email to Ms. Yazmin Aziz at yazmin@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
23/11/2011
13:30 – 15:00
Session 1 Overview of the 7 Key Features of IFSB-11 Issues to be discussed: -Takāful versus Insurance -Earmarked Qarḍ -Solvency by Funds

15:00 – 15:30
Coffee Break & Networking

15:30 – 17:30
Session 2 IFSB’s Viewpoint on Solvency Requirements for Takāful Issues to be discussed: -Imposition of Qarḍ -Artificial Deficit of Funds

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshop on IFSB Standards for Regulatory and Supervisory Authorities of the IFSB Member Countries
2011-11-21 09:00 - 2011-11-25 17:00 | Training Room 2.1 & 2.2, Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur, Malaysia
Participation in the Workshop is by INVITATION only. This workshop will address the following IFSB Standards and Guidance Notes: -IFSB-1 : Risk Management -IFSB-2 : Capital Adequacy -IFSB-3: Corporate Governance -IFSB-4: Transparency and Market Discipline -IFSB-5: Supervisory Review Process -IFSB-7: Capital Adequacy Requirements for Sukûk & Securitisations and Real Estate Investments -IFSB-10: Sharîah Governance Systems -GN-1: Guidance Note In Connection with the Capital Adequacy Standard: Recognition of Ratings by External Credit Assessment Institutions (ECAIs) on Shari`ah-Compliant Financial Instruments -GN-2: Guidance Note in Connection with the Risk Management and Capital Adequacy Standards: Commodity Murâbahah Transactions -GN-3: Guidance Note on the Practice of Smoothing the Profits Payout to Investment Account Holders -GN-4: Guidance Note In Connection with the Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio For more information on the Workshop, please email to Ms. Yazmin Aziz at yazmin@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
21/11/2011
ISLAMIC FINANCE : CONCEPT & CONTRACTS AND RISKS IMPLICATION FOR IIFS

IFSB-1 : GUIDING PRINCIPLES OF RISK MANAGEMENT FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES

09:00 – 09:30
Registration

09:30 – 09:50
Opening Session

09:50 – 11:15
Session 1 Islamic Finance : Concept & Contracts and Risks Implication for IIFS

11:15 – 11:30
Coffee Break

11:30 – 13:00
Session 2 IFSB-1 : Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offering only Islamic Financial Services • Focus on Credit Risk & Supervisory Perspective • Focus on Equity Risk & Supervisory Perspective • Focus on Operational Risk & Supervisory Perspective

13:00 – 14:00
Lunch & Prayer

14:00 – 15:00
Session 3 IFSB-1 : Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offering only Islamic Financial Services (cont.) • Focus on Market Risk & Supervisory Perspective • Focus on Liquidity Risk & Supervisory Perspective • Focus on Rate of Return Risk & Supervisory Perspective

15:00 – 15:30
Coffee Break

15:30 – 17:00
Session 4 Intensive Case Study 1 and Discussions : Managing Shari’ah Non-Compliance and Legal Risk in IIFS Intensive Case Study 2 and Discussions : Failure of an IIFS :A Risk Management Perspective Sharing experiences on Risk Management Practices in the IFSB member Countries

Day 2
22/11/2011
IFSB-2 : CAPITAL ADEQUACY STANDARD FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS)

GN-2: GUIDANCE NOTE IN CONNECTION WITH THE RISK MANAGEMENT AND CAPITAL ADEQUACY STANDARDS: COMMODITY MUR&ACIRC;BAHAH TRANSACTIONS

09:30 – 11:00
Session 5 Why do we need for capital regulations? Why international framework such as of BCBS (Basel) on Capital adequacy is not applicable to IIFS? How does IFSB Capital Adequacy framework differ with Basel framework in terms of Numerator (i.e. eligible capital) and Denominator (i.e. Credit risk, Market risk, and Operational risk)? IFSB-2 : Capital Adequacy Standard for Institutions (other than Insurance Institutions) Offering only Islamic Financial Services (IIFS) • Overview of Capital Adequacy Standard • Capital Adequacy Formulas

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 6 Measurement of Capital Adequacy Requirements for Credit Risk • Credit Risk Mitigation • Examples • Group Exercise

13:00 – 14:00
Lunch & Prayer

14:00 – 15:30
Session 7 Measurement of Capital Adequacy Requirements for Market Risk • Examples • Group Exercise • Group Discussion on Regulatory Approaches for Applying Risk Weights on Profit Sharing Modes

15:30 – 16:00
Coffee Break

16:00 – 17:00
Session 8 Measurement of Capital Adequacy Requirements for Operational Risk • Individual Exercise Capital Requirements for Islamic Financing Contracts GN-2 : Guidance Note in Connection with the Risk Management and Capital Adequacy Standards: Commodity Murâbahah Transactions

Day 3
23/11/2011
GN-4 : GUIDANCE NOTE IN CONNECTION WITH THE CAPITAL ADEQUACY STANDARD: THE DETERMINATION OF ALPHA IN THE CAPITAL ADEQUACY RATIO

GN-1 : GUIDANCE NOTE IN CONNECTION WITH THE CAPITAL ADEQUACY STANDARD: RECOGNITION OF RATINGS BY EXTERNAL CREDIT ASSESSMENT INSTITUTIONS (ECAIS) ON SHAR&ICIRC;’AH-COMPLIANT FINANCIAL INSTRUMENTS

IFSB-7 : CAPITAL ADEQUACY REQUIREMENTS FOR SUK&UCIRC;K & SECURITISATIONS AND REAL ESTATE INVESTMENTS

09:30 – 11:00
Session 9 GN-4: Guidance Note In Connection with the Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio • Case Study & Discussion : The Determination of Alpha and Displaced Commercial Risk

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 10 Comprehensive Case Study & Discussion on IFSB-2 : Capital Adequacy for IIFS GN-1: Guidance Note in Connection with the Capital Adequacy Standard: Recognition of Ratings by External Credit Assessment Institutions (ECAIs) on Sharî’ah-Compliant Financial Instruments Sharing Experiences on Capital Adequacy Requirements in the IFSB Member Countries

13:00 – 14:00
Lunch & Prayer

14:00 – 15:30
Session 11 IFSB-7 : Capital Adequacy Requirements for Sukûk & Securitisations and Real Estate Investments

15:30 – 16:00
Coffee Break

16:00 – 17:00
Session 12 IFSB-7 : Capital Adequacy Requirements for Sukûk & Securitisations and Real Estate (cont.) Case Study & Discussion

Day 4
24/11/2011
IFSB-3 : GUIDING PRINCIPLES ON CORPORATE GOVERNANCE FOR INSTITUTIONS OFFERING ONLY ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS

IFSB-10 : GUIDING PRINCIPLES ON SHARIAH GOVERNANCE SYSTEMS FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES

GN-3 : GUIDANCE NOTE ON THE PRACTICE OF SMOOTHING THE PROFITS PAYOUT TO INVESTMENT ACCOUNT HOLDERS

09:30 – 11:00
Session 13 IFSB-3 : Guiding Principles on Corporate Governance for Institutions Offering Only Islamic Financial Services (Excluding Islamic Insurance (Takaful) Institutions and Islamic Mutual Funds • Overview of Corporate Governance • Recommended Best Practices on Corporate Governance for the IIFS

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 14 Recommended Best Practices on Corporate Governance for the IIFS (cont.) GN-3 : Guidance Note on the Practice of Smoothing the Profits Payout to Investment Account Holders Case Studies on IFSB-3

13:00 – 14:00
Lunch & Prayer

14:00 – 16:00
Session 15 IFSB-10 : Guiding Principles On Shariah Governance Systems For Institutions Offering Islamic Financial Services • Overview of Shari’ah Governance Systems • General Approach to Shari’ah Governance Systems Criteria for Sound Shari’ah Governance Systems Case Studies Sharing Experiences on Corporate Governance & Shari’ah Governance for IIFS in the IFSB Member Countries

16:00 – 16:30
Coffee Break

Day 5
25/11/2011
IFSB-4 : DISCLOSURES TO PROMOTE TRANSPARENCY AND MARKET DISCIPLINE FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS)

IFSB-5 : GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS OF INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAK&ACIRC;FUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS)

09:30 – 11:00
Session 16 IFSB-4 : Disclosures to Promote Transparency and Market Discipline for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takaful) Institutions and Islamic Mutual Funds) • Overview of Transparency and Market Discipline • Recommended Disclosures for IIFS

11:00 – 11:30
Coffee Break

11:30 – 12:30
Session 17 IFSB-5 : Guidance on Key Elements in the Supervisory Review Process of Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds) • Overview of Supervisory Review Process • Necessary Conditions for Effective Supervision • Consolidated Home-Host Supervision • Supervisory Issues in Islamic Windows

12:30 – 14:30
Lunch and Juma’ah Prayer

14:30 – 15:30
Session 18 Case Studies & Discussion on Supervisory Review Process Sharing Experiences on Supervisory Review Process for IIFS in the IFSB Member Countries

15:30 – 16:00
Closing Ceremony

16:00 – 16:30
Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Map to Sasana Kijang

4th Islamic Financial Stability Forum : Strengthening Financial Safety Nets: Sharī`ah Compliant Lender of last Resort (LOLR) Facilities and Emergency Financing Mechanisms and Deposit Insurance
2011-11-17 14:30 - 16:00 | Kuala Lumpur, Kuala Lumpur, Malaysia, Malaysia
The IFSB organised its 4th Islamic Financial Stability Forum (4th IFSF) on 17 November 2011 in Kuala Lumpur, Malaysia.

The 4th IFSF was held in conjunction with the 19th Council Meeting of the IFSB.

Programme – Event Session(s)

Date
Time
Topics

Day 1
17/11/2011
14:30 – 14:40
Opening Remarks H.E. Mohammed Said Shahin, Governor, Central Bank of Jordan

14:40 – 15:20
Session 1: The role of central banks and monetary authorities in the development of adequate infrastructure and instruments for Sharī`ah-compliant Lender of Last Resort (LOLR) facilities and emergency financing mechanisms Main impediments to the development of infrastructure and instruments for Sharī`ah-compliant LOLR facilities and emergency financing mechanisms; Required characteristics of instruments for use in Sharī`ah-compliant LOLR facilities; Cross-border Sharī`ah-compliant LOLR facilities and the need for coordination among regulatory and supervisory authorities. Speaker: H.E. Dr Halim Alamsyah, Deputy Governor, Bank Indonesia Discussant: Ms Claire Louis McGuire, Senior Financial Sector Specialist, Financial and Private Sector Development Unit, The World Bank

15:20 – 16:00
Session 2: The implementation of Sharī`ah compliant deposit insurance schemes for Islamic financial services industry Appropriate models for Sharī`ah-compliant Deposit Insurance Schemes; Governance issues in Sharī`ah-compliant Deposit Insurance Schemes; Regulatory, legal and Sharī`ah issues related to Sharī`ah-compliant Deposit Insurance Schemes. Speaker: Mr Md Khairuddin Bin Hj Arshad, Chief Operating Officer, Malaysia Deposit Insurance Corporation Discussant: Dr. Abdel Gadir Mohammed Salih, General Manager, Bank Deposit Security Fund Sudan

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

The IFSB Public Hearing on Exposure Drafts 12 and 13
2011-11-16 09:00 - 11:30 | Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur, Malaysia
The Workshop will cover the followings: 1) Exposure Draft 12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takaful) Institutions and Islamic Collective Investment Schemes) 2) Exposure Draft 13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services (other than Islamic Insurance (Takaful) Institutions and Islamic Collective Investment Schemes) For more information on the Public Hearing, please email to Ms. Ismawaty Ismail at ismawaty@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
16/11/2011
09:00 – 09:30
Registration

09:30 – 10:00
Presentation on Exposure Draft – 12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takaful) Institutions and Islamic Collective Investment Schemes)

10:00 – 10:30
Question and Answer

10:30 – 11:00
Presentation on Exposure Draft – 13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services (other than Islamic Insurance (Takaful) Institutions and Islamic Collective Investment Schemes)

11:00 – 11:30
Question and Answer

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshop Series (Morocco) : Workshops on Risk Management, Supervisory Review Process and Capital Adequacy for Sukûk
2011-10-31 09:00 - 2011-11-02 16:00 | Bank Al-Maghrib, Casablanca, Morocco
This IFSB-FIS Workshop is hosted by Bank Al-Maghrib, Morocco. This Workshop will address the following IFSB Standards and Guidance Note: IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) IFSB-5: Guidance on Key Elements in the Supervisory Review Process of Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds IFSB-7: Capital Adequacy Requirements for Sukûk, Securitisations and Real Estate investment GN-2: Guidance Note in Connection with the Risk Management and Capital Adequacy Standards: Commodity Murâbahah Transactions Participation in the Workshop is by INVITATION only. For more information on the Workshop, please email to Ms. Yazmin Aziz at yazmin@ifsb.org.
Programme – Event Session(s)

Date
Time
Topics

Day 1
31/10/2011
WORKSHOP ON ISLAMIC FINANCE : CONCEPT, CONTRACT AND RISK IMPLICATIONS FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS)
WORKSHOP ON IFSB-1 : GUIDING PRINCIPLES OF RISK MANAGEMENT FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS)

09:00 – 09:30
Registration

09:30 – 09:45
Opening Session Mr. Abdelilah Belatik, Assistant Secretary-General, Islamic Financial Services Board Mr. Abderrahim Bouazza, Head of Banking Supervision Department, Bank Al Maghrib

09:45 – 11:00
Session 1 : Islamic Finance: Concepts, Contracts, and Risk Implications on IIFS Concepts, Contracts and Application for: -Sale and Lease Based; -Equity-Based and -Sukuk and Islamic Collective Investment Schemes (ICIS) Risk Implications on IIFS

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 2 : IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -Focus on Credit Risk -Focus on Equity Risk -Focus on Operational Risk

13:00 – 14:00
Lunch & Prayer

14:00 – 16:00
Session 3 : IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -Focus on Market Risk -Focus on Liquidity Risk -Focus on Rate of Return Risk -Case Study 1 & Discussion : Failure of an IIFS-A: Risk Management Perspective

Day 2
01/11/2011
WORKSHOP ON GN-2 : GUIDING NOTE IN CONNECTION WITH THE RISK MANAGEMENT AND CAPITAL ADEQUACY STANDARDS: COMMODITY MURABAHAH TRANSACTIONS
WORKSHOP ON IFSB-7 : CAPIRAL ADEQUACY REQUIREMENTS FOR SUKUK, SECURITISATION AND REAL ESTATE INVESTMENT

09:30 – 11:00
Session 4 : GN-2: Guidance Note in Connection with the Risk Management and Capital Adequacy Standards: Commodity Murâbahah Transactions -Case Study 1: Commodity Murâbahah Transactions and Failure of an IIFS

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 5 : IFSB-7: Capital Adequacy Requirements for Sukuk, Securitization and Real Estate Investment

13:00 – 14:00
Lunch & Prayer

14:00 – 16:00
Session 6 : IFSB-7: Capital Adequacy Requirements for Sukuk, Securitization and Real Estate Investment (cont.) Case Studies & Discussion

Day 3
02/11/2011
WORKSHOP ON IFSB-5 : GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS OD INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS)
OPEN SESSION ON PRUDENTIAL AND REGULATORY FRAMEWORK FOR ISLAMIC FINANCE

09:30 – 11:00
Session 7 : Prudential and Regulatory Framework for IIFS Overview of the Regulatory Framework for IIFS IFSB-5: Guidance on Key Elements in the Supervisory Review Process of Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds) -Necessary Conditions for Effective Supervision -Consolidated Home-Host Supervision -Supervisory Issues in Islamic Windows

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 8 : Prudential and Regulatory Framework for IIFS (cont.)

13:00 – 14:00
Lunch & Prayer

14:00 – 16:00
Session 9 : Open Session on Prudential and Regulatory Framework for Islamic Finance

16:00 – 16:30
Closing Ceremony Mr. Abderrahim Bouazza, Head of Banking Supervision Department, Bank Al Maghrib

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshop Series (Jordan) : IFSB-1, IFSB-3, IFSB-5, IFSB-10 and GN-4.
2011-10-17 09:00 - 2011-10-19 16:00 | Institute of Banking Studies, Amman, Jordan
This workshop is hosted by the Central Bank of Jordan and supported by the Institute of Banking Studies (IBS). This workshop will address the following IFSB Standards and Guidance Note: -IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -IFSB-3: Guiding Principles on Corporate Governance for Institutions offering only Islamic Financial Services (Excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds -IFSB-5: Guidance on Key Elements in the Supervisory Review Process of Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds) -IFSB-10: Guiding Principles on Sharîah Governance Systems for Institutions offering Islamic Financial Services -GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for Institutions (other than Insurance Institutions) offering only Islamic Financial Services Participation in the Workshop is by INVITATION only. For more information on the Workshop, please email to Ms. Yazmin Aziz at yazmin@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
17/10/2011
WORKSHOP ON ISLAMIC FINANCE&NBSP;: CONCEPTS, CONTRACTS AND RISK IMPLICATIONS FOR IIFS BY&NBSP;MR. JAMSHAID ANWAR CHATTHA

WORKSHOP ON IFSB-1 : GUIDING PRINCIPLES OF RISK MANAGEMENT FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (IIFS) BY&NBSP;MR. JAMSHAID ANWAR CHATTHA

09:00 – 09:30
Registration

09:30 – 09:45
Opening Session Mr. Abdelilah Belatik, Assistant Secretary-General, Islamic Financial Services Board H.E. Khouloud Saqqaf, Deputy Governor, Central Bank of Jordan

09:45 – 11:00
Session 1 Islamic Finance: Concepts, Contracts and Risk Implications for IIFS

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 2 IFSB-1 : Guiding Principles of Risk Management for Institutions Offering Islamic Financial Services (IIFS) -Focus on Credit Risk -Focus on Equity Risk -Focus on Operational Risk Case Study & Discussion : -Case Study – 1: Managing Shari’ah Non-Compliance and Legal Risk in IIFS

13:00 – 14:00
Lunch

14:00 – 16:00
Session 3 IFSB-1 : Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) : -Focus on Market Risk -Focus on Liquidity Risk -Focus on Rate of Return Risk Case Studies & Discussion : -Case Study – 2: Financial Distress and Failure of Non-IIFS -Case Study – 3: Failure of an IIFS : A Risk Management Perspective Special Session on Recent Developments in Risk Management Practices and Recent Financial Crisis

Day 2
18/10/2011
WORKSHOP ON IFSB-3 : GUIDING PRINCIPLES ON CORPORATE GOVERNANCE FOR INSTITUTIONS OFFERING ONLY ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAK&ACIRC;FUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS BY MR.&NBSP;ABOZER MAJZOUB

WORKSHOP ON&NBSP;IFSB-10 : GUIDING PRINCIPLES ON SHAR&ICIRC;AH GOVERNANCE SYSTEMS FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES BY MR. ABDELILAH BELATIK

09:30 – 11:00
Session 4 IFSB-3 : Guiding Principles on Corporate Governance for Institutions offering only Islamic Financial Services (Excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds : -Overview of Corporate Governance -Understanding the Motivating Factors -Defining ‘Corporate Governance’ (CG) and ‘Stakeholders’ in the Context of IIFS -Corporate Governance (CG) Issues Specific to IIFS -An Insight of the IFSB Guiding Principles of CG for IIFS -Recommendations of the IFSB-3

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 5 IFSB-3 : Guiding Principles on Corporate Governance for Institutions offering only Islamic Financial Services (Excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds : Case Studies & Discussion : -Case Study – 1 -Case Study – 2

13:00 – 14:00
Lunch

14:00 – 16:00
Session 6 IFSB-10 : Guiding Principles on Sharîah Governance Systems for Institutions offering Islamic Financial Services : -Overview of Sharîah Governance Systems -General Approach to Sharîah Governance Systems -Criteria for Sound Sharîah Governance Systems -Case Study & Discussion

Day 3
19/10/2011
WORKSHOP ON GN-4 : GUIDANCE NOTE IN CONNECTION WITH THE IFSB CAPITAL ADEQUACY STANDARD: THE DETERMINATION OF ALPHA IN THE CAPITAL ADEQUACY RATIO FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES BY MR. JAMSHAID ANWAR CHATTHA

WORKSHOP ON&NBSP;IFSB-5 : GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS FOR IIFS (EXCLUDING ISLAMIC INSURANCE (TAK&ACIRC;FUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS) BY MR. ABOZER MAJZOUB

09:30 – 11:00
Session 7 GN-4 : Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for Institutions (other than Insurance Institutions) offering only Islamic Financial Services. Case Study & Discussion : -Case Study – 1: Calculation and Determination of Alpha for CAR

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 8 IFSB-5 : Guidance on Key Elements in the Supervisory Review Process for IIFS (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds): -Infrastructure for Effective Supervision -Regulatory Capital Requirements -Treatment of IAH -Risk Management and Corporate Governance (RM, CG, Audit and Compliance) -Related Party Transactions

13:00 – 14:00
Lunch

14:00 – 16:00
Session 9 IFSB-5 : Guidance on Key Elements in the Supervisory Review Process of Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds) : -Disclosure to Promote Transparency and Market Discipline -Consolidated and Home-host Supervision -Window Operations -Real Estate Investments -Case Analysis – 1 & Discussion -Case Analysis – 2 & Discussion

16:00 – 16:30
Closing Ceremony Dr. Riyad Hindawi, Manager, Institute of Banking Studies, Jordan

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Seminar on Islamic Banking - Challenges and Opportunities for Tajikistan
2011-09-29 09:00 - 2011-09-30 16:30 | National Bank of Tajikistan, Dushanbe, Tajikistan
This Seminar is hosted by the National Bank of Tajikistan and Supported by German International Cooperation (GIZ). This one and half day Seminar will address the following topics: – Overview of the Islamic Financial Services Industry (IFSI) – Operational and Business structural issues in starting an Islamic financial services unit – Shari’ah and Legal Issues in Islamic Finance – Regulatory and Supervisory Framework for Institutions offering Islamic Financial Services – Panel Discussion on the Islamic Finance, Challenges and Opportunities for Tajikistan For more information on the Seminar, please contact Ms Puteri Bahrun at puteri@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
29/09/2011
09:00 – 09:30
Registration

09:30 – 10:30
Opening and Keynote Session

10:30 – 11:00
Coffee break & Networking

11:00 – 12:30
Session 1 : Overview of the Islamic Financial Services Industry (IFSI) This session will give an overview of the respective IFSI sectors i.e. banking, capital market and insurance.

12:30 – 14:00
Lunch

14:00 – 15:30
Session 2 – Operational and Business Structural Issues in Starting a Unit that offers Islamic Banking Services This session aims to discuss the relevant operational and business structural issues faced by IFSI stakeholders in developing an Islamic financial services unit.

15:30 – 16:30
Session 3 – Shari`ah and Legal Issues in Islamic Banking The session will discuss the current and pertinent Shari`ah, 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.

Day 2
30/09/2011
09:30 – 11:00
Session 4 – Regulatory and Supervisory Framework for Institutions offering Islamic Banking Services The session will share country specific experience in their prudential regulatory and supervisory framework for the IFSI.

11:30 – 13:00
Session 5 – Panel Discussion on the Islamic Banking : Challenges and Opportunities for Tajikistan The session aims to highlight the business, legal and regulatory structure that must be established for Tajikistan to set up its own IFSI. It will also highlight the potential of Tajikistan and the role of its stakeholders in this effort.

13:00 – 14:00
Lunch

Disclaimer: Please be advised that the above mentioned agenda points are tentative and that the IFSB reserves the right to make any necessary amendments/changes to the programme without prior notification.

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Speakers Profile

Seminar on Strategies for Development of Islamic Capital Markets
2011-06-07 09:00 - 17:30 | Pan Pacific Hotel (Ocean Room 3-5, Level 2), SINGAPORE
This Seminar is hosted by the Monetary Authority of Singapore. The Seminar will address the following topics: – Development of Islamic capital markets – Building liquidity management infrastructure for Islamic finance – Legal aspects of Islamic asset securitisation – Panel discussion on opportunities and challenges for Islamic capital market For more information on the Seminar, please contact Ms Puteri Bahrun at puteri@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
07/06/2011
09:00 – 09:30
Registration

09:30 – 10:00
Opening and Welcoming Remarks

10:00 – 11:15
Session 1: Development of Islamic capital markets

11:15 – 11:45
Coffee break & Networking

11:45 – 13:00
Session 2 : Building Liquidity Management Infrastructure for Islamic Finance

13:00 – 14:30
Lunch

14:30 – 15:45
Session 3 : Legal Aspects of Islamic Asset Securitisation Role of Law in the development of Islamic Financial Market Legal and Regulatory Issues in Islamic Asset Securitisation Recommendations for Islamic Asset Securitisation

16:15 – 17:30
Session 4 : Panel Discussion on Opportunities and Challenges for Islamic Capital Markets

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Pan Pacific Hotel Reservation Form

3.)

Speakers Profile

IFSB-FIS Workshop Series (Indonesia) : IFSB-2, IFSB-7, IFSB-11, GN-3 and GN-4.
2011-05-23 - 2011-05-25 | Kuning Room, 4th floor, Thamrin Building, Bank Indonesia, Indonesia
The Workshop is hosted by Bank Indonesia. This workshop will address the following IFSB Standards and Guidance Notes: -IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -IFSB-7: Capital Adequacy Requirements for Sukûk, Securitisations and Real Estate investment -IFSB-11: Standard on Solvency Requirements for Takâful (Islamic Insurance) Undertakings -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 for Institutions (other than Insurance Institutions) offering only Islamic Financial Services For more information on the Workshop, please contact Ms Yazmin Aziz at yazmin@ifsb.org.

8th Islamic Financial Services Board Summit - Enhancing Global Financial Stability : Challenges and Opportunities for Islamic Finance
2011-05-12 09:00 - 2011-05-13 17:00 | New Conference Centre Kirchberg (NCCK), Luxembourg
The Central Bank of Luxembourg will be hosting the 8th Islamic Financial Services Board Summit 2011. REGISTRATION FOR ALL PRE-SUMMIT EVENTS HAS BEEN CLOSED.

Programme – Event Session(s)

Date
Time
Topics

Day 1
10/05/2011
DAY 1- PRE-SUMMIT EVENT 2011 : WORKSHOP ON ISLAMIC FINANCE & IFSB STANDARDS FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES AND ISLAMIC CAPITAL MARKETS – REGISTRATION FOR THE WORKSHOP IS CLOSED –

09:00 – 09:30
Venue : Chamber of Commerce Registration

09:30 – 09:45
Opening Remarks by the IFSB

09:45 – 10:30
Session 1: Concept and Contracts of Islamic Finance

10:30 – 10:45
Coffee Break

10:45 – 11:45
Session 2a: Guiding Principles on Conduct of Business for Institutions offering Islamic Financial Services – An Overview

11:45 – 12:45
Session 2b: Guiding Principles on Conduct of Business for Institutions offering Islamic Financial Services – Case Studies

12:45 – 14:00
Lunch

14:00 – 15:15
Concurrent Session 1- (participant to choose between these two Sessions) Session 3a : Standard on Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate Investments – An Overview Session 3b : Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate Investments – Case Studies

15:15 – 15:45
Coffee Break

15:45 – 17:00
Concurrent Session 2 – (participant to choose between these two Sessions) Session 4a : Guiding Principles on Governance for Islamic Collective Investment Schemes – An Overview Session 4b : Guiding Principles on Governance for Islamic Collective Investment Schemes – Case Studies

Day 2
11/05/2011
DAY 2 – PRE-SUMMIT EVENT 2011 : COUNTRY SHOWCASES & SPECIAL SESSION ON LIQUIDITY MANAGEMENT IN THE ISLAMIC FINANCIAL SERVICES INDUSTRY – REGISTRATION FOR ALL PRE-SUMMIT EVENTS ON 11 MAY ARE CLOSED –

09:30 – 11:00
Venue : Chamber of Commerce Luxembourg Country Showcase

11:00 – 14:00
Malaysia Country Showcase

14:00 – 16:30
Special Session on Liquidity Management in the Islamic Financial Services Industry Registration Session 1 – Liquidity Management in the Islamic Financial Services Industry – Challenges and Opportunities Session 2 – Establishment of the International Islamic Liquidity Management Corporation Session 3 – Panel Discussion on Key Components for Structuring International Liquidity Instruments: Sharī`ah, Legal, Rating, Trading, Clearing and Settlement

16:30 – 17:30
Summit Welcome Cocktail (hosted by the Banque Centrale du Luxembourg) & Summit Pre-Registration

Day 3
12/05/2011
DAY 1 – 8TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT – ENHANCING GLOBAL FINANCIAL STABILITY: CHALLENGES AND OPPORTUNITIES FOR ISLAMIC FINANCE

08:30 – 09:30
Venue : New Conference Centre Kirchberg (NCCK), Luxembourg Registration

09:30 – 10:30
Opening and Keynote Session

10:30 – 11:00
Coffee and Networking

11:00 – 12:30
Session 1: International Developments in Regulatory Landscape: Implications for Islamic Finance Implications for Banking-Basel III and IFSB standards Implications for Insurance-Solvency II and IFSB standards Implications for Capital Markets

12:30 – 14:00
Lunch and Prayer

14:00 – 15:30
Session 2 : Financial Stability – Regional and Global Cooperation Cooperation in home-host supervision Cooperation in developing legal infrastructure for capital market instruments The role of multi-lateral organisations

15:30 – 16:00
Coffee and Networking

16:00 – 17:30
Session 3 : Developing Capacity Building to Enhance Financial Stability in the Islamic Financial Services Industry Capacity building in the financial sector including strategies for strengthening financial institutions, to ensure that; a) the financial sector supports the real economic sector; b) financial inclusion is extensive; c) the framework for development of financial restructuring and resolution is in place; and d) implementation and execution of financial sector reforms. Organisational development to enhance capacity for financial stability mandate in the areas of surveillance, supervision, enforcement of standards; and expertise and talent development.

19:00 – 21:30
Venue : Sofitel Luxembourg Europe Hotel Summit Gala Dinner & Keynote Address

Day 4
13/05/2011
DAY 2 – 8TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT – ENHANCING GLOBAL FINANCIAL STABILITY: CHALLENGES AND OPPORTUNITIES FOR ISLAMIC FINANCE

00:00 – 00:00
Venue : New Conference Centre Kirchberg (NCCK), Luxembourg

09:30 – 11:00
Session 4: Enhancing Transparency & Market Discipline and Information Environment Role of rating agencies Enhancing disclosure Lack of market discipline and its consequences

11:00 – 11:30
Coffee and Networking Break

11:30 – 13:00
Session 5 : Panel Discussion on Issues in Enhancing Global Financial Stability Issue 1: liquidity management infrastructure Issue 2: insolvency regimes Issue 3: safety-nets

13:00 – 14:30
Lunch and Prayer END OF 8TH IFSB SUMMIT 2011

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

8th Islamic Financial Services Board Summit Brochure

3.)

Hotel Reservation Form_ Melia Hotel

4.)

Hotel Reservation Form_ Sofitel and Novotel Hotel

5.)

Luxembourg Country Showcase Flyer

6.)

Malaysia Country Showcase Flyer

Seminar on Managing Liquidity in the Islamic Financial Services Industry
2011-04-06 09:00 - 2011-04-07 22:00 | Grand Ballroom, Conrad Istanbul Hotel, Istanbul, Turkey
The Central Bank of the Republic of Turkey is hosting this Seminar. For more information on the Seminar, please email to Ms. Yazmin Aziz Email: yazmin@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
06/04/2011
09:00 – 09:30
Registration

09:30 – 10:00
Opening and Keynote Session

10:00 – 11:00
Session 1 – Liquidity Management in the Islamic Financial Services Industry: Risks, Legal and Regulatory Issues The session will discuss the liquidity management challenges in the Islamic financial services industry (IFSI) due to inadequate Sharī`ah-compliant instruments and the risks to which institutions offering Islamic financial services (IIFS) are exposed.

11:00 – 11:30
Coffee and Networking Break

11:30 – 12:30
Session 2 : Infrastructures for Managing Liquidity and Liquidity Risks The session will discuss the necessary building blocks that should be in place to support IIFS in managing their liquidity, including the infrastructure components that are required to facilitate measuring and managing liquidity risks and the role of supervisory bodies in this process.

12:30 – 14:00
Lunch

14:00 – 15:00
Session 3 : Regulatory Approaches to Liquidity Management in the Islamic Financial Services Industry in Selected Countries The session will highlight treasury management practices of IIFS in selected jurisdictions, and the challenges to develop appropriate Sharī`ah-compliant instruments.

15:00 – 16:00
Session 4 : Panel Discussion : Future Development of a Liquidity Management Framework for the Islamic Financial Services Industry The session aims to discuss the issues that have to be considered to develop a robust liquidity management framework and how to overcome some of the existing challenges. It will also cover the role that stakeholders in the IFSI are expected to play.

16:00 – 16:30
Coffee and Networking Break

19:30 – 22:00
Gala Dinner (Hosted by the Central Bank of the Republic of Turkey) Venue : Tavaci Recep Usta Restaurant, Etiler

Day 2
07/04/2011
09:30 – 10:00
Coffee and Networking Break

10:00 – 10:30
Keynote Address

10:30 – 12:00
Session 5 : Panel Discussion : Key Components for Structuring International Liquidity Instruments: Shari`ah, Legal and Rating

12:00 – 14:00
Lunch

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Hotel Reservation Form

3.)

Location Map

4.)

Speakers Profile

3rd Islamic Financial Stability Forum : Macroprudential Surveillance Framework and Considerations for the Stability of Islamic Financial Services Industry
2011-03-31 00:00 | –, Bali, Indonesia
The IFSB organised its 3rd Islamic Financial Stability Forum (3rd IFSF) on 17 November 2011 in Amman, Jordan.

The 3rd IFSF was held in conjunction with the 18th Council Meeting of the IFSB, hosted by the Central Bank of Jordan.

Programme – Event Session(s)

Date
Time
Topics

Day 1
00/00/0000
00:00 – 00:00
Opening Remaks H.E. Faris A. Sharaf, Governor, Central Bank of Jordan

Day 2
31/03/2011
14:40 – 15:20
Session 1: Macroprudential Surveillance and the Role of the Supervisory and Regulatory Authorities The rationale for macroprudential surveillance framework in financial institutions- objectives, history and theory; Coordination with other policies/authorities – monetary, microprudential and cross-border supervision; Cross-border issues – historical experiences and emerging trends in crisis management, information sharing and dealing with insolvent institutions Speaker: H.E. Shahid Hafiz Kardar, Governor State Bank of Pakistan Discussant: H.E. Durmus Yilmaz, Governor Central Bank of the Republic of Turkey

15:20 – 16:00
Macroprudential regulation and supervision for Institutions offering Islamic financial services (IIFS) Components of macroprudential supervision of the IIFS – Catering for the specificities of IIFS related to capital policies, counter-cyclicality and liquidity risk management; Growth of Islamic finance and regulatory approaches to deal with its systemic implications; Structuring macroprudential regulation – governance, information needs and cross-sectoral interactions; Market discipline – interrelationship with macroprudential and its effectiveness. Speaker: H.E. Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain Discussant: H.E. Dr. Atiur Rahman, Governor, Bangladesh Bank

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB Annual Meetings 2011 and 4th IFSB Public Lecture on Financial Policy and Stability
2011-03-30 14:30 - 17:30 | Al- Riwaq Room, Level B, Intercontinental Amman, Jordan
Theme: 1975 – 2010: 35 Years of Growth – Why the Islamic financial services industry remains relatively small

Programme – Event Session(s)

Date
Time
Topics

Day 1
30/03/2011
4TH IFSB PUBLIC LECTURE : 1975 – 2010, 35 YEARS OF GROWTH – WHY THE ISLAMIC FINANCIAL SERVICES INDUSTRY REMAINS RELATIVELY SMALL

14:30 – 15:00
Registration

15:00 – 15:20
Opening Remarks

15:20 – 15:25
Chairman Lecture 1 and 2 : H.E. Faris A. Sharaf, Governor, Central Bank of Jordan

15:20 – 16:00
Lecture 1

16:00 – 16:40
Lecture 2

16:40 – 17:00
Question and Answer Session (for Lecture 1 and 2)

17:00 – 17:30
Coffee Break

Day 2
31/03/2011
IFSB ANNUAL MEETINGS 2011

09:00 – 12:20
18th Meeting of the Council (For IFSB Council Members Only)

12:30 – 13:30
9th General Assembly of the IFSB (For IFSB Members Only)

14:30 – 16:00
3rd Islamic Financial Stability Forum (For IFSB Council Members and Regulatory Authorities Only)

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Speakers Profiles

IFSB-FIS Workshop Series (Malaysia) : IFSB-6, IFSB-7, IFSB-9, IFSB-10.
2011-03-16 09:00 - 2011-03-17 17:30 | Conference Hall 1, Securities Commission Malaysia, Kuala Lumpur, Malaysia
This workshop is hosted by Securities Commission Malaysia. This workshop will address the following IFSB standards: -IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes -IFSB-7: Capital Adequacy Requirements for Sukûk, Securitisations and Real Estate investment -IFSB-9: Guiding Principles on Conduct of Business for Institutions offering Islamic Financial Services -IFSB-10: Guiding Principles on Sharîah Governance Systems for Institutions offering Islamic Financial Services Participation is by INVITATION only. For more information on the Workshops, please email to Ms. Yazmin Aziz Email: yazmin@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
16/03/2011
WORKSHOPS ON GUIDING PRINCIPLES ON GOVERNANCE FOR ISLAMIC COLLECTIVE INVESTMENT SCHEMES AND CAPITAL ADEQUACY REQUIREMENTS FOR SUKūK, SECURITISATIONS AND REAL ESTATE INVESTMENTS

09:00 – 09:30
Registration

09:30 – 09:50
Opening Session

09:50 – 11:00
Session 1 : An Overview of IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes

11:00 – 11:30
Breaks

11:30 – 13:00
Session 2 : Recommended Best Practices on Governance for Islamic Collective Investment Schemes and Case Studies

13:00 – 13:00
Lunch

14:00 – 15:30
Session 3 : IFSB-7: Capital Adequacy Requirements for Sukûk, Securitisations and Real Estate investment

15:30 – 16:00
Breaks

16:00 – 17:30
Session 4 : Case Studies on Capital Adequacy Requirements for Sukûk and Securitisations

Day 2
17/03/2011
WORKSHOPS ON GUIDING PRINCIPLES ON CONDUCT OF BUSINESS AND SHARIAH GOVERNANCE SYSTEMS FOR ISLAMIC FINANCIAL INSTITUTIONS

09:30 – 11:00
Session 1 : Insight into IFSB-9: Guiding Principles on Conduct of Business for Institutions offering Islamic Financial Services

11:00 – 11:30
Breaks

11:30 – 13:00
Session 2 : Case Studies on Conduct of Business for Institutions Offering Islamic Financial Services

13:00 – 14:00
Lunch

14:00 – 15:30
Session 3 : Overview of IFSB-10: Guiding Principles on Sharîah Governance Systems for Institutions offering Islamic Financial Services

15:30 – 16:00
Breaks

16:00 – 17:30
Session 4 : Case Studies on Shari’ah Governance System

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Seminar on Liquidity Management : Changes in Liquidity Management for Islamic Financial Institutions
2011-02-21 09:00 - 13:30 | The Auditorium, Deloitte LLP, london, United Kingdom
This Seminar is supported by Gatehouse Bank plc and Deloitte LLP. PARTICIPATION IS BY INVITATION ONLY. Priority of confirmation is given to members of the IFSB. For more information on the Seminar, please email to Ms. Yazmin Aziz Email: yazmin@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
21/02/2011
09:00 – 09:30
Registration

09:30 – 09:45
Opening and Welcoming Remarks

09:45 – 10:30
Known Regulatory Changes and New Liquidity Regime, Effect on Islamic Financial Institutions and Basel III Issues

10:30 – 11:00
Coffee Breaks & Networking

11:00 – 11:45
Liquidity Management Tools Available to Islamic Financial Institutions and Pending Innovations

11:45 – 12:30
The IFSB’s New Draft Standard on Liquidity Risk Management

12:30 – 13:30
Lunch

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Seminar’s venue

3.)

Speakers Profiles

Seminar on Managing Liquidity of Islamic Financial Services in Emerging Markets
2011-02-10 09:00 - 17:15 | Bougainvillea Hall, Kurumba Maldives Island, Maldives
This Seminar is hosted by Maldives Monetary Authority. PARTICIPATION IS BY INVITATION ONLY. For more information on the Seminar, please contact Ms Puteri Bahrun at puteri@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
10/02/2011
09:00 – 09:30
Registration

09:30 – 10:00
Opening and Keynote Session

10:00 – 11:15
Session 1 : Liquidity Management in the Islamic financial services industry – Risks and regulatory issues Focus: The session will discuss the liquidity management challenges in the Islamic financial services industry (IFSI) due to inadequate Sharī`ah-compliant instruments and the risks to which institutions offering Islamic financial services (IIFS) are exposed.

11:15 – 11:45
Coffee Break

11:45 – 13:00
Session 2 : Infrastructures for managing liquidity and liquidity risks Focus: The session will discuss the necessary building blocks that should be in place to support IIFS in managing their liquidity, including the infrastructure components that are required to facilitate measuring and managing liquidity risks and the role of supervisory bodies in this process.

13:00 – 14:15
Lunch and Prayers

14:15 – 15:30
Session 3 : Case study – IFSI liquidity management approaches in selected countries and off-shore centres Focus: The session will highlight treasury management practices of IIFS in selected jurisdictions, and the challenges to develop appropriate Sharī`ah-compliant instruments.

15:30 – 16:00
Coffee Break

16:00 – 17:15
Session 4 : Panel Discussion – Development of a liquidity management framework for the Islamic financial services industry Focus: The session aims to discuss the issues that have to be considered to develop a robust liquidity management framework and how to overcome some of the existing challenges. It will also cover the role that stakeholders in the IFSI are expected to play.

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Seminar on Enhancing Shariah Structure and Compliance in Promoting Financial Stability
2011-01-24 09:00 - 17:00 | Multipurpose Hall, Level 3, Lanai Kijang, Bank Negara Malaysia, Kuala Lumpur, Malaysia
The Seminar is jointly organised by the IFSB and ISRA. Participation is open to representatives of IFSB member organisations and interested parties. Please register by 21 January 2010 to confirm your seat. For more information on the Seminar, please contact Ms Puteri Bahrun (Tel: + 603 2698 4248 ext: 114 / Email: puteri@ifsb.org)

Programme – Event Session(s)

Date
Time
Topics

Day 1
24/01/2011
09:00 – 09:30
Registration

09:30 – 09:50
Opening Remarks by IFSB Secretary-General Professor Datuk Dr. Rifaat Ahmed Abdel Karim

09:50 – 10:00
Remarks by Seminar Chairman

10:00 – 11:00
Session 1: Overview of the Sharī`ah Structure and Governance System An overview of the IFSB Standard on Sharī`ah Governance System Analytical perspective on the Sharī`ah scholars

11:00 – 11:30
Coffee and Networking

11:30 – 12:30
Session 2: Sharī`ah Structure and Compliance as Practiced in Various Institutions offering Islamic Financial Services Management of Sharī`ah Compliance in Different Sharī`ah Structures

12:30 – 14:00
Lunch and Prayers

14:00 – 15:00
Session 3: Sharī`ah Structure and Governance: Perspectives from Prudential Regulations Prudential Requirement for the Management of Sharī`ah Compliance

15:00 – 16:00
Session 4: Market Discipline: A Check and Balance on the Sharī`ah Structure and Compliance Market Discipline and Sharī`ah Compliance

16:00 – 16:30
Session 5: Panel Discussion: Enhancing the Sharī`ah Structure and Compliance in Promoting Financial Stability

16:30 – 17:00
Coffee and Networking

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Location Map to Seminar’s Venue – Lanai Kijang, Kuala Lumpur

3.)

Speakers Profiles

IFSB-FIS Workshop Series (Egypt) : IFSB-2 and IFSB-5.
2011-01-18 09:00 - 2011-01-20 16:00 | The Egyptian Banking Institute, Cairo, Egypt
This workshop is hosted by the Central Bank of Egypt. This workshop will address the following IFSB Standards: -IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -IFSB-5: Guidance on Key Elements in the Supervisory Review Process of Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds) Participation in the Workshop is by INVITATION only. For more information on the Workshop, please email to Ms. Yazmin Aziz at yazmin@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
18/01/2011
INTRODUCTION TO ISLAMIC FINANCE AND IFSB-2: CAPITAL ADEQUACY STANDARD FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS)

09:00 – 09:30
Registration

09:30 – 09:45
Welcoming Remark

09:45 – 11:00
Session 1 Introduction to Islamic Banking : Concept of Islamic Finance

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 2 Overview of the IFSB-2 : Capital Adequacy Standard : – Basel Capital Adequacy Framework An overview of IFSB-2 : Capital Adequacy Standard for IIFS Capital Adequacy Formulas

13:00 – 14:00
Lunch & Prayers

14:00 – 16:00
Session 3 Measurement of Capital Adequacy Requirements for Credit Risk : – Calculation of Credit Risk in IIFS Credit Risk Mitigation Examples Group Exercise

Day 2
19/01/2011
IFSB-2 : CAPITAL ADEQUACY STANDARD FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS)

09:30 – 11:00
Session 4 Measurement of Capital Adequacy Requirements for Market Risk : – Calculation of Market Risk in IIFS Examples Group Exercise

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 5 Measurement of Capital Adequacy Requirements for Operational Risk : – Calculation of Operational Risk in IIFS Individual Exercise CAR Formulas Examples

13:00 – 14:00
Lunch & Prayers

14:00 – 16:00
Session 6 Case Study Group Discussion

Day 3
20/01/2011
IFSB-5 : GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS OF INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS)

09:30 – 11:00
Session 7 Overview of the IFSB-5 : Supervisory Review Process : – Infrastructure for Effective Supervision Regulatory Capital Requirements Treatment of IAH Risk Management and Corporate Governance (RM, CG, Audit and Compliance) Related Party Transactions

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 8 Disclosure to Promote Transparency and Market Discipline Consolidated and Home-host Supervision Window Operations Real Estate Investments

13:00 – 14:00
Lunch & Prayers

14:00 – 16:00
Session 9 Case Analysis (1) & Discussion Case Analysis (2) & Discussion

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Seminar on Risk Mitigation and Enhancing Financial Stability in Islamic Finance: Contingent Capital and Takāful
2011-01-17 09:00 - 15:30 | 7th floor, Meeting Room, Board Building, Central Bank of the UAE, Abu Dhabi, United Arab Emirates
The Seminar is hosted by the Central Bank of the United Arab Emirates. The objective of this Seminar is to address topical issues namely: a) Basel III; b) Contingent capital; and c) Takâful. It will provide the participants with an overview of what is being labeled as Basel III, which is at the forefront of current global financial market developments and supervisory policy debate. Given the expectation that Basel III will require banks to increase their capital, which would lead to an increase in their cost of funding, the Seminar will also discuss the role that contingent capital can play in reducing the banks’ cost of funding. The discussion will also include how Takâful can be an instrument to mitigate some risks inherent in institutions that offer Islamic financial services. For more information on the Seminar, please contact Ms Puteri Bahrun at puteri@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
17/01/2011
09:00 – 09:30
Registration

09:30 – 09:45
Opening Remarks

09:45 – 10:30
Session 1 : Introduction to Basel III

10:30 – 11:00
Coffee Break

11:00 – 12:00
Session 2 : Contigent Capital – Mitigating Risk and Enhancing Financial Stability

12:00 – 12:30
Discussion

12:30 – 14:00
Lunch and Networking

14:00 – 15:00
Session 3: Takāful – Mitigating Credit Risk and Capital Adequacy Treatment

15:00 – 15:30
Discussion

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Location Map to Seminar’s Venue – CBUAE

Seminar on Regulatory, Legal and Shari`ah Issues of Islamic Capital Market Products
2011-01-16 09:00 - 17:00 | Intercontinental Hotel, Abu Dhabi, United Arab Emirates
This Seminar is hosted by the Emirates Securities & Commodities Authority, United Arab Emirates. For more information on the Seminar, please contact Ms Puteri Bahrun at puteri@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
16/01/2011
09:00 – 09:30
Registration

09:30 – 10:00
Opening Session

10:00 – 11:00
Session 1: General characteristics of the Islamic capital market and its role in Islamic financial services industry Role of various Islamic capital market products Recent trends and developments in Islamic capital markets

11:00 – 11:30
Coffee Break

11:30 – 12:45
Session 2: Regulatory and legal issues in Islamic capital market products Necessary regulatory and legal regimes for Islamic capital market products Legal issues in Sukuk default and investors rights Islamic asset securitisation: Legal issues and challenges

12:45 – 14:15
Lunch and Prayers

14:15 – 15:30
Session 3: Shari`ah issues in Islamic capital market products Issues in Shari`ah screening methodologies Sukuk structures and related Shari`ah issues Management of Shari`ah compliance risk in product development

15:30 – 16:00
Coffee Break

16:00 – 17:00
Session 4 :Panel Discussion on Opportunities and challenges for Islamic capital market products

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Seminar on Enhancing the Role of Indexes in the Development of Islamic Capital Markets
2011-01-12 09:00 - 2011-01-13 16:30 | Phoenicia InterContinental Hotel, Beirut, Lebanon
Banque du Liban is kindly hosting the Seminar. Thomson-Reuters is supporting the Seminar. Registration is closed.

Programme – Event Session(s)

Date
Time
Topics

Day 1
12/01/2011
09:00 – 09:30
Registration

09:30 – 10:00
Opening and Keynote Session

10:00 – 11:00
Session 1: Role of Indexing in Islamic Capital Markets Importance of conventional high profile indexes: Lessons for Islamic indexes Delinking off conventional benchmark: Need for Islamic indexes Social-ethical screening and Faith based screening: Similarities and differences

11:00 – 11:30
Coffee Break

11:30 – 12:30
Session 2: Sharī`ah Screening Process – Practices, Shortcomings and Need for Other Assets Analysis of various Sharī`ah-compliant indexes: methodologies, performance comparison and available Sharī`ah-compliant indexes Need for screening methodologies for other asset classes Shortcomings of Sharī`ah-compliant indexes

12:30 – 14:00
Lunch

14:00 – 15:15
Session 3: Enhancing the Information Environment for Investors Islamic fund rating/ranking Islamic funds performance Exchange listed instruments

15:15 – 15:30
Coffee Break

15:30 – 16:30
Session 4: Roles of Stakeholders in Developing Shariah-Compliant Investment Scholars vs automation in Sharī`ah-compliant indexing Regulator’s role Industry body for Islamic investing

Day 2
13/01/2011
09:30 – 11:00
Session 5: Link between Islamic Asset Management Industry and Islamic Capital Markets Role of institutional investors in Islamic capital markets and the need for Sharī`ah-compliant pension funds and venture capital Privatisation of state-owned companies and listing of family-owned companies Shareholder activism in the Islamic financial services industry and enhancing corporate governance

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 6: Panel discussion : “The way forward for Islamic indexing for the future development of Islamic capital markets”

13:00 – 14:00
Lunch

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Hotel Reservation Form

2nd Islamic Financial Stability Forum : Addressing Liquidity Management Challenges to Enhance the Financial Stability of the Islamic Financial Services Industry
2010-12-14 14:00 - 15:15 | –, Bali, Indonesia
The IFSB organised its 2nd Islamic Financial Stability Forum (2nd IFSF) on 14 December 2010 in Jeddah, Saudi Arabia.

The 2nd IFSF was held in conjunction with the 17th Council Meeting of the IFSB, hosted by the Islamic Development Bank.

Programme – Event Session(s)

Date
Time
Topics

Day 1
14/12/2010
14:00 – 14:10
Opening Remarks H.E. Dr. Sabir Mohamed Hassan, Governor Central Bank of Sudan & Chairman of the IFSB Council

14:10 – 15:00
Session 1: Role and Practices of Central Banks and Supervisory Authorities in Addressing Liquidity Management Issues in the Islamic Financial Services Industry Practices and initiatives by the central banks and supervisory authorities to provide standing Shari`ah compliant funding facilities to market players Emerging trends in cooperation between supervisors for supervising liquidity management in the IIFS Experiences in providing prudential guidance to Islamic financial services industry for liquidity management Liquidity management in stress conditions Speaker : H.E. Dr. Muhammad Sulaiman Al-Jasser, Governor, Saudi Arabian Monetary Agency Discussant: H.E. Sanusi Lamido Aminu Sanusi, Governor, Central Bank of Nigeria

15:00 – 15:50
Session 2: Liquidity Management in Institutions Offering Islamic Financial Services (IIFS) Emerging practices, initiatives and trends in the liquidity management of IIFS Programs for the management of funding liquidity in the Islamic financial sector Experiences in development of market infrastructure for liquidity management in the Islamic financial sector Speaker : David Vicary Abdullah, Specialist, Global Islamic Finance, Deloitte, Malaysia Discussant: Dr. Sami Al-Suweilam, Deputy Director, Islamic Development Bank

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

5th IFSB Seminar on Legal Issues in the Islamic Financial Services Industry : Legal Aspects of Islamic Asset Securitisation and Insolvency Regimes
2010-12-02 09:30 - 2010-12-03 17:30 | Dua Mutiara 3, Level 2, JW Marriott Hotel, Jakarta, Indonesia
This Seminar with the theme, Legal Aspects of Islamic Asset Securitisation and Insolvency Regimes is hosted by Bank Indonesia. For more information on the Seminar, please contact Ms. Yazmin Aziz at yazmin@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
02/12/2010
CHAIRPERSON : MR. GOPAL SUNDARAM, ASSISTANT GOVERNOR, BANK NEGARA MALAYSIA

09:30 – 10:30
Registration, Coffee & Networking Session

10:30 – 11:00
Opening & Keynote Session

11:00 – 12:30
Session 1 : Sharī`ah Compliance and Legal Framework in Stable Islamic Financial Markets The role of law and regulation in the development of sound and stable markets Regulatory models and inter-relationship of systems Relevant aspects of the Sharī`ah in Islamic finance

12:30 – 14:00
Lunch & Prayers

14:00 – 15:30
Session 2 : Sharī`ah Compliance and Legal Framework in Emerging Markets Constitutional issues Certainty and resolution of conflict Issues relating to sovereign investors

15:30 – 17:00
Session 3 : Case Studies: Effective Financial Market Regulation and Prudential Supervision of Sharī`ah-Compliant Securitisation Malaysia United Arab Emirates

17:00 – 17:30
Coffee and Networking Break

Day 2
03/12/2010
CHAIRPERSON : MR. GOPAL SUNDARAM, ASSISTANT GOVERNOR, BANK NEGARA MALAYSIA

08:30 – 10:00
Session 4 : Insolvency Regimes: Regulatory and Legal Challenges in Islamic Finance

10:00 – 10:15
Coffee and Networking Break

10:15 – 11:45
Session 5 : Panel Discussion on Sharī`ah-Compliant Asset Securitisation : Moving Forward

11:45 – 13:00
Lunch

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshop Series (Djibouti)
2010-11-22 09:00 - 2010-11-24 16:00 | Central Bank of Djibouti’s Office, Djibouti
This workshop is hosted by the Central Bank of Djibouti. Participation in the Workshop is BY INVITATION only.

Programme – Event Session(s)

Date
Time
Topics

Day 1
22/11/2010
WORKSHOPS ON INTRODUCTION TO ISLAMIC FINANCE, IFSB-2 : CAPITAL ADEQUACY STANDARD FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS) AND IFSB-7 : CAPITAL ADEQUACY REQUIREMENTS FOR SUKUK, SECURITISATIONS AND REAL ESTATE INVESTMENT

09:00 – 09:30
Registration

09:30 – 09:45
Welcoming Remark / Introductory Speech

09:45 – 11:15
Session 1 Introduction to Islamic Finance

11:15 – 11:30
Coffee Break

11:30 – 13:00
Session 2 Introduction to Islamic Banking Operations

13:00 – 14:00
Lunch

14:00 – 16:00
Session 3 Overview of the IFSB-2 : Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) and IFSB-7 : Capital Adequacy Requirements for Sukuk, Securitisations and Real Estate investment

Day 2
23/11/2010
WORKSHOPS ON IFSB-2 : CAPITAL ADEQUACY STANDARD FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS) AND IFSB-7 : CAPITAL ADEQUACY REQUIREMENTS FOR SUKUK, SECURITISATIONS AND REAL ESTATE INVESTMENT

09:30 – 11:00
Session 4 Measuring Capital Adequacy for Credit Risk

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 5 Measuring Capital Adequacy for Market Risk

13:00 – 14:00
Lunch

14:00 – 16:00
Session 6 Measuring Capital Adequacy for Operational Risk Calculating of the Capital Adequacy Ratio

Day 3
24/11/2010
WORKSHOP ON IFSB-1 : GUIDING PRINCIPLES OF RISK MANAGEMENT FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (IIFS)

09:30 – 11:00
Session 7 Overview of IFSB 1 : Guiding Principles of Risk Management for Institutions Offering Islamic Financial Services (IIFS) • IFSB-1 – Focus on Credit Risk • IFSB-1 – Focus on Equity Risk • IFSB-1 – Focus on Operational Risk

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 8 IFSB 1 : Guiding Principles of Risk Management for (IIFS) (cont.) • IFSB-1 – Focus on Market Risk • IFSB-1 – Focus on Liquidity Risk • IFSB-1 – Focus on Rate of Return Risk

13:00 – 14:00
Lunch

14:00 – 16:00
Session 9 IFSB 1 : Guiding Principles of Risk Management for (IIFS) (cont.) • Case Studies

Downloadable Document(s)

1.)

Event Session(s) – PDF Format
