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BEGIN:VEVENT
DTSTART;TZID=UTC:20161024T090000
DTEND;TZID=UTC:20161028T163000
DTSTAMP:20260404T030132
CREATED:20161023T220658Z
LAST-MODIFIED:20231228T011846Z
UID:11604-1477299600-1477672200@www.ifsb.org
SUMMARY:IFSB-FIS Workshop on IFSB Standards for Regulatory and Supervisory Authorities for the Banking Sector
DESCRIPTION:This 5-day Workshop is tailored for the regulatory and supervisory authorities for the banking sector\, thus intend to be a Train the Trainer Programme for the staff on the IFSB Standards. The main focus of the Workshop lies in incorporating the latest IFSB Standards issued by the IFSB after the world post-crisis in 2008 and Basel III issuance which are IFSB-15: Revised Capital Adequacy Standard for Institutions offering only Islamic Financial Services (IIFS)\, GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management and IFSB-17: Core Principles for Islamic Finance Regulation (Banking Segment). In addition\, the workshop will also cover sessions for Exposure Draft (ED) of Technical Note-2 (TN-2) on Stress Testing for IIFS which follows on from\, and complements\, the earlier IFSB-13\, Guiding Principles on Stress Testing for IIFS. The IFSB-13\, which was issued in 2012 provides a comprehensive stress testing framework for both IIFS and supervisory authorities. \nAs a background\, the main objective of IFSB-17 is to provide a set of Core Principles – along with associated assessment methodology – for the regulation and supervision of the Islamic financial services industry (IFSI)\, taking into consideration the specificities of the IIFS in the banking segment\, the lessons learned from the financial crisis\, and complementing the existing international standards\, principally the Core Principles for Effective Banking Supervision issued by the Basel Committee on Banking Supervision. \nIFSB-15: Revised Capital Adequacy Standard\, for its part\, includes implementation of an optimal capital adequacy framework to facilitate the effective coverage of risk exposures of the IIFS as well as the allocation of appropriate capital to cover these risks in a manner that is based predominantly on the Standardised Approach. This Standard also provides guidance on the features and criteria for high-quality regulatory capital components\, including Additional Tier 1 and Tier 2\, which comply with Sharī`ah rules and principles. Similarly\, it includes new guidance on macroprudential tools\, such as capital buffers and leverage ratios (especially for domestic systemically important banks) which shall support the supervisory authorities in achieving the goal of protecting the banking system and the real economy from system-wide shocks. \nMoreover\, GN-6:  Quantitative Measures for Liquidity Risk Management Guidance Note complements the Standard IFSB-12: Guiding Principles on Liquidity Risk Management for IIFS\, and supports the harmonised application of the international regulatory regime in the area of liquidity risk management. This is achieved by providing guidance on the application of global liquidity standards for the IIFS\, especially the Liquidity Coverage ratio (LCR) and Net Stable Funding Ratio (NSFR) at the current stage\, with suitable adjustments based on the specific operational characteristics. Moreover\, it provides guidance to supervisory authorities on the application of the LCR and NSFR in their jurisdictions and on their role in assessing the discretionary items specified in this GN\, including application of the alternative liquidity approaches (ALA). \nTN-2: Technical Note on Stress Testing provides stress testing scenarios that address multiple types of risks and their interrelated effects on the overall financial position and performance of the portfolio\, the institution itself or the overall financial system. It incorporates risk specificities of Sharī`ah-compliant contracts’ when conducting stress tests on an IIFS. \nOverall\, this Workshop intends to be a Train the Trainer programme for the staff of regulatory and supervisory authorities on the IFSB Standards\, and aims to: \n\nEnhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;\nAssist the participants in the practical application of issues addressed in the particular standards through case studies\, hands-on exercises and other interactive tools; and\nPromote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles.\n\nParticipation in this Workshop is by INVITATION only. For queries\, please contact the IFSB Secretariat\, Mr. Hamizi Hamzah at hamizi@ifsb.org. \nProgramme – Event Session(s) \n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n24/10/2016\n09:00 – 09:30\nRegistration\n\n\n09:30 – 09:45\nWelcoming Address & Group Photo\n\n\n09:45 – 11:15\nSession 1: IFSB-17 – Core Principles for Islamic Finance Regulation (Banking Segment) Necessary Preconditions for Effective Supervision Assessment Methodology for CPIFR Responsibilities\, Objectives and Powers Independence\, Accountability\, Resourcing and Legal Protection for Supervisors\n\n\n11:15 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 2: IFSB-17 – Core Principles for Islamic Finance Regulation (Banking Segment) Cooperation and Collaboration Supervisory Approach\, Techniques and Tools Treatment of Investment Account Holders (IAHs) Corporate and Sharī`ah Governance Framework\n\n\n13:00 – 14:00\nLunch and Prayer\n\n\n14:00 – 16:00\nSession 3: IFSB-17 – Core Principles for Islamic Finance Regulation (Banking Segment) Risk Management Process Transactions with Related Parties Transparency and Market Discipline Case Study\n\n\n16:00 – 16:30\nCoffee Break\n\n\nDay 2\n25/10/2016\n09:30 – 11:00\nSession 4: IFSB-15: Revised Capital Adequacy Standard for IIFS Components of Capital Capital Conservation Buffer Countercyclical Buffer Domestic Systemically Important Banks\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 5: IFSB-15: Revised Capital Adequacy Standard for IIFS Credit Risk Weights for Various Counterparties Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Credit Risk Mitigation\n\n\n13:00 – 14:00\nLunch and Prayer\n\n\n14:00 – 16:00\nSession 6: IFSB-15: Revised Capital Adequacy Standard for IIFS Understanding the Market Risk in Islamic Finance Policies and Procedures for Market risk Guidance on Valuation Practices Group Exercise\n\n\n16:00 – 16:30\nCoffee Break\n\n\nDay 3\n26/10/2016\n09:30 – 11:00\nSession 7: IFSB-15: Revised Capital Adequacy Standard for IIFS Overview of Operational Risk Understanding Operational Risk in Islamic Finance Measuring Operational Risks Group Exercise\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 8: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management Application of the LCR in IIFS Definition and Categorisation of High Quality Liquid Assets (HQLA) Operational Considerations for HQLA Infrastructure Issues in the Availability of Sharī`ah-compliant HQLA\n\n\n13:00 – 14:00\nLunch and Prayer\n\n\n14:00 – 16:00\nSession 9: GN-6 – Guidance Note on Quantitative Measures for Liquidity Risk Management Components of Total Net Cash Outflows Formula for Calculating NSFR Available and Required Stable Funding Case Study\n\n\n16:00 – 16:30\nCoffee Break\n\n\nDay 4\n27/10/2016\n09:30 – 11:00\nSession 10: GN-6 – Guidance Note on Quantitative Measures for Liquidity Risk Management The Internal Liquidity Adequacy Assessment Processes & Supervisory Liquidity Review Process Principles for Applying Alternative Liquidity Approaches Disclosure Requirements for LCR and NSFR Case Study\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 11: TN-2 – Stress Testing for IIFS Basic Requirements for Conducting Stress Tests Solvency Stress Tests Stress Test Models Role of RSAs and Critical Considerations\n\n\n13:00 – 14:00\nLunch and Prayer\n\n\n14:00 – 16:00\nSession 12: TN-2 – Stress Testing for IIFS Liquidity Stress Tests Liquidity Stress Scenarios and Stress Test Models Review and Analysis of the Results Case Study\n\n\n16:00 – 16:30\nCoffee Break\n\n\nDay 5\n28/10/2016\n09:30 – 10:30\nSession 13: TN-2 – Stress Testing for IIFS Recent Developments in Stress Tests Integrated Liquidity and Solvency Tests Network Contagion and Second-round Effect Analysis Cross-border Macro Stress-testing\n\n\n10:30 – 10:45\nCoffee Break\n\n\n10:45 – 12:00\nSession 14: Experience Sharing on the IFSB Standards’ Implementation\n\n\n12:00 – 12:15\nClosing & Certificate Giving Ceremony\n\n\n12:15 – 14:00\nLunch and Prayer\n\n\n\nDownloadable Document(s)\n \n\n\n\n1.)\n\nEvent Session(s) – PDF Format\n\n\n\n 
URL:https://www.ifsb.org/event/eve00280-ifsb-fis-workshop-on-ifsb-standards-for-regulatory-and-supervisory-authorities-for-the-banking-sector/
LOCATION:Training Room 3.1 and 3.2\, Sasana Kijang\, Bank Negara Malaysia\, Kuala Lumpur\, Malaysia
CATEGORIES:Capacity Building
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20161010T090000
DTEND;TZID=UTC:20161012T170000
DTSTAMP:20260404T030132
CREATED:20161009T224141Z
LAST-MODIFIED:20231228T011853Z
UID:11650-1476090000-1476291600@www.ifsb.org
SUMMARY:IFSB-FIS Workshop Series (Philippines)
DESCRIPTION:This 3-day Workshop is tailored for the Bangko Sentral ng Pilipinas\, industry players and other key stakeholders of the Islamic finance sector in Philippines. It will discuss the overview of Islamic finance and cover the following IFSB Standards:\n\n 	Introduction to Islamic Finance\n 	IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS)\n 	IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS\n 	IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS\n\nAs a background\, IFSB-1: Guiding Principles of Risk Management provides a set of guidelines of best practices for establishing and implementing effective risk management in IIFS. In particular\, the Standard sets out 15 principles for managing the risks inherent in Sharī`ah-compliant financial businesses.\n\nIFSB-10: Guiding Principles on Sharī`ah Governance Systems\, for its part\, includes the components of a sound Sharī`ah governance system especially with regards to the competence\, independence\, confidentiality and consistency of the Sharī`ah boards.\n\nIn addition\, IFSB-16: Revised Guidance on Key Elements in the Supervisory Review Process offers guidance on key elements in the supervisory review process for authorities supervising IIFS taking into consideration the specificities of the IIFS\, while complementing the existing international standards on the supervisory review process\, in particular those of the Basel Committee on Banking Supervision (BCBS).\n\nOverall\, this Workshop aims to:\n\n 	Enhance the participants’ understanding of the respective Standards and Guiding Principles of the IFSB\, thereby facilitating the implementation of these standards in their respective jurisdictions;\n 	Assist the participants in the practical application of issues addressed in the particular standards through case studies\, hands-on exercises and other interactive tools; and\n 	Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles.\n\nThis Workshop is by INVITATION only. For queries\, please contact the IFSB Secretariat\, Mr. Hamizi Hamzah at hamizi@ifsb.org.\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n10/10/2016\n09:00 – 09:30\nRegistration\n\n\n09:30 – 10:00\nWelcoming Remarks and Group Photo\n\n\n10:00 – 11:30\nSession 1 – Introduction to the IFSB and Introduction to Islamic Finance Concept of Islamic Finance Contracts in Islamic Finance Structures of Islamic Banking Products Prudential Issues in IIFS\n\n\n11:30 – 11:45\nCoffee Break\n\n\n11:45 – 13:00\nSession 2 – IFSB-1: Guiding Principles of Risk Management for Institutions offering Islamic Financial Services (IIFS) Understanding of Risks in IIFS Focus on Credit Risk Focus on Equity Investment Risk Focus on Operational Risk\n\n\n13:00 – 14:00\nLunch\n\n\n14:00 – 15:30\nSession 3 – IFSB-1: Guiding Principles of Risk Management for IIFS – Continued Focus on Market Risk Focus on Liquidity Risk Focus on Rate of Return Risk Case Study\n\n\n15:30 – 15:45\nCoffee Break\n\n\n15:45 – 17:00\nSession 4 – IFSB-16: Revised Guidance on Key Elements in the Supervisory Review Process Introduction to IFSB-16 Necessary Preconditions for Effective Supervision Additional Considerations in the Issuance of an IIFS License Supervisory Approaches in the Supervision of IIFS\n\n\nDay 2\n11/10/2016\n09:30 – 11:00\nSession 5 – IFSB-16: Revised Guidance on Key Elements in The Supervisory Review Process – Continued Components of Capital Capital Conservation Buffer and Countercyclical Buffer Regulatory Capital Requirements Guidance on the Slotting Method\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 6 – IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process – Continued Treatment of IAH and Displaced Commercial Risk Advanced Approaches and Supervisory Discretion Internal Capital Adequacy Assessment Process (ICAAP) Case Study\n\n\n13:00 – 14:00\nLunch\n\n\n14:00 – 15:30\nSession 7 – IFSB-16: Revised Guidance on Key Elements in The Supervisory Review Process – Continued Corporate Governance Risk Management Processes Enterprise-wide Risk Management Framework Related Party Transactions\n\n\n15:30 – 15:45\nCoffee Break\n\n\n15:45 – 17:00\nSession 8 – IFSB-16: Revised Guidance on Key Elements in The Supervisory Review Process – Continued Features of Sukūk and Securitisation Regulatory Capital for Sukūk in IIFS Special Purpose Entities (SPEs) and Key Considerations in the Supervisory Review Process Case Study\n\n\nDay 3\n12/10/2016\n09:30 – 11:00\nSession 9 – IFSB-16: Revised Guidance on Key Elements in The Supervisory Review Process – Continued Consolidated and Home-host Supervision Islamic “Windows” Operations Liquidity Risk Management and Supervision Supervisory Transparency and Accountability\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 10 – IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS Objectives of IFSB-10 Structure of the Sharī`ah Governance System Scope of Sharī`ah Governance System\n\n\n13:00 – 14:00\nLunch\n\n\n14:00 – 15:00\nSession 11 – IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS – Continued General Approach to the Sharī`ah Governance System Guiding Principles on the Sharī`ah Governance System – Competence Guiding Principles on the Sharī`ah Governance System – Independence\n\n\n15:00 – 15:15\nCoffee Break\n\n\n15:15 – 16:30\nSession 12 – IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS – Continued Guiding Principles on the Sharī`ah Governance System – Confidentiality Guiding Principles on the Sharī`ah Governance System – Consistency Case Study\n\n\n16:30 – 17:00\nClosing & Certificate Giving Ceremony\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format\n\n\n\n 
URL:https://www.ifsb.org/event/eve00284-ifsb-fis-workshop-series-philippines/
LOCATION:–\, Bali\, Indonesia
CATEGORIES:Capacity Building
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20161006T083000
DTEND;TZID=UTC:20161006T123000
DTSTAMP:20260404T030132
CREATED:20161005T222030Z
LAST-MODIFIED:20231228T011904Z
UID:11626-1475742600-1475757000@www.ifsb.org
SUMMARY:World Bank - IFSB High-Level Seminar on Sustainable Development Goals and the Role of Islamic Finance
DESCRIPTION:The World Bank (WB) and the Islamic Financial Services Board (IFSB) are jointly organising a High-Level Seminar on Sustainable Development Goals and the Role of Islamic Finance on 6 October 2016\, during the INMF – WB Annual Meetings in Washington D.C.\, USA.\n\nThis seminar is designed to encourage broad interaction among the delegates to explore the prospective role of Islamic finance in supporting social and economic development globally with the hope of achieving the United Nation’s Sustainable Development Goals. To this end\, the Seminar will offer perspectives of Islamic finance principles\, and financing modalities\, which directly relate to the potential role of this quickly expanding sector in addressing the global funding gap\, both in the developed and developing world\, whilst tapping into the ethical investor market. The Seminar also will discuss the potential for synergy in the roles of policy-makers\, regulators and market players in helping to expand the role of Islamic finance in achieving socio-economic goals.\n\nParticipation in this High-Level Seminar is by Invitation Only. For enquiries\, please contact the IFSB Secretariat; Ms. Yazmin Aziz at yazmin@ifsb.org.\n\nEvent Snapshots\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe World Bank – IFSB High-Level Seminar was attended by more than 100 participants\, including government officials\, bankers\, asset managers and academics from all over the world\, which was held at the office of the World Bank Treasury on October 6. The Seminar was held in conjunction with the IMF/WB Annual Meetings in Washington D.C\n\nThe Seminar was highlighted by a Keynote Address by His Royal Highness Muhammadu Sanusi II\, the Emir of Kano and former Governor of the Central Bank of Nigeria\, followed by an extensive question and answer session\, moderated by Dr. Michael J.T. McMillen\, Adjunct Professor\, University of Pennsylvania and Partner at Curtis\, Mallet-Prevost\, Colt & Mosle LLP\, USA.\n\nThe Seminar has featured      Dr. Walid Abdelwahab\, Islamic Development Bank\, Mr. Cyrus Ardalan\, International Finance Facility for Immunization\, Mr. Osman Celik\,  Undersecretariat of Treasury of Turkey\, Mr. Mohd Izani Ghani\, Khazanah Nasional Berhad\, Malaysia and H.E. Dr. Muliaman Hadad\, Financial Services Authority of Indonesia as panelists.\n\nMs. Arunma Oteh\, the Vice President and Treasurer of the World Bank delivered the Opening Remarks\, followed by a speech by Mr. Jaseem Ahmed\, the Secretary-General of the IFSB. The Seminar ended by  Closing Remarks by Ms. Gloria Grandolini\, Senior Director of the World Bank’s Finance and Markets Global Practice Group.\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n06/10/2016\nWB-IFSB HIGH-LEVEL SEMINAR ON ISLAMIC FINANCE\n\nTHEME: SUSTAINABLE DEVELOPMENT GOALS AND THE ROLE OF ISLAMIC FINANCE\n\n\n08:30 – 09:00\nRegistration\n\n\n09:00 – 09:20\nWelcoming Remarks Ms. Arunma Oteh\, OON\, Vice President and Treasurer\, World Bank\n\n\n09:20 – 09:50\nKeynote Address H.R.H. Muhammadu Sanusi II\, The Emir of Kano and Former Governor\, Central Bank of Nigeria\n\n\n09:50 – 10:10\nCofee Break\n\n\n10:10 – 10:30\nIntroduction of Moderator & Panel Members Mr. Jaseem Ahmed\, Secretary-General\, Islamic Financial Services Board\n\n\n10:30 – 12:10\nPanel Discussion : “Realising Sustainable Economic and Social Objectives through Islamic Finance” Moderator: Dr. Michael J. T McMillen\, Adjunct Professor\, University of Pennsylvania and Partner at Curtis\, Mallet-Prevost\, Colt & Mosle LLP Panelists: H.E. Dr. Muliaman Darmansyah Hadad\, Chairman of Board of Commissioners of the Financial Services Authority (OJK)\, Indonesia Mr. Osman Çelik\, Head\, Undersecretary of Turkish Treasury\, The Republic of Turkey Mr. Cyrus Ardalan\, Member of the Board\, International Finance Facility for Immunisation\, United Kingdom Mr. Mohd Izani Ghani\, Executive Director\, Finance and Chief Financial Officer\, Khazanah Nasional Berhad\, Malaysia In the backdrop of global macroeconomic challenges and financial pressures in major markets\, the fast expanding global pool of Sharī`ah-compliant capital has become an attractive source for various sovereigns\, government-related entities and corporates to tap into to meet their financing needs. Additionally\, Islamic financing facilities have also begun to be innovatively used for funding various social projects including vaccination/immunisation programmes\, student educational loans\, financing green energy projects\, improving quality of education in public schools\, providing microfinance to low-income groups\, etc. There is significant potential for Islamic finance to support social and economic developments globally with the hope of achieving the United Nation’s Sustainable Development Goals. This panel will seek to develop insights and proposals for both policy makers and the private sector from the perspective of utilising Islamic finance as an economically viable alternative funding source to attain global economic and social objectives. In particular\, the panel will examine the potential for public-private synergies in the development of an Islamic finance legal and regulatory framework\, and for a sound supportive institutional structure\, as well as for knowledge sharing and capacity development goals. The panel will showcase real-life case studies on Islamic finance to provide practical examples on the above.\n\n\n12:10 – 12:30\nClosing Remarks Ms. Gloria Grandolini\, Senior Director\, Finance & Markets Global Practice Group\, World Bank\n\n\n12:30 – 12:30\nEnd of Seminar\n\n\n\nDownloadable Document(s)\n\n\n\n1.)\n\nEvent Session(s) – PDF Format\n\n\n2.)\n\nWB – IFSB High-Level Seminar on Islamic Finance
URL:https://www.ifsb.org/event/eve00287-world-bank-ifsb-high-level-seminar-on-sustainable-development-goals-and-the-role-of-islamic-finance/
LOCATION:The World Bank – C Building\, 8th Floor\, Room 150 1225 Connecticut Avenue NW\, Washington\, DC 20036\, Washington D.C\, United States
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20161005T080000
DTEND;TZID=UTC:20161006T170000
DTSTAMP:20260404T030132
CREATED:20161004T222528Z
LAST-MODIFIED:20231228T011916Z
UID:11640-1475654400-1475773200@www.ifsb.org
SUMMARY:9th IFSB-INCEIF Executive Forum: Promoting Sound and Effective Shari'ah Governance Practices
DESCRIPTION:The IFSB-INCEIF Executive Forum aims to provide a platform for global leaders in Islamic finance to discuss selected emerging issues in the Islamic financial services industry. The Executive Forum places emphasis on issues related to supervision and prudential regulation\, both at national and international levels\, harnessing from the experiences of a distinguished pool of global experts\, academics and practitioners. More information on the theme and sessions will be uploaded in due course. \nThis 9th edition of the IFSB-INCEIF Executive Forum addresses the governance perspectives of institutions offering Islamic financial services (IIFS). Without a shadow of doubt\, Sharī’ah governance plays a major role in charting the strategic direction of institutions be it when opportunities are abound or in the current environment where caution seems to be the prevailing theme. \nThe theme of this Executive Forum\, Promoting Sound and Effective Sharī’ah Governance Practices\, aims to address this strategic imperative by bringing together experienced practitioners\, banking supervisors\, and thought leaders of the Islamic financial services industry to participate in active discussions knowledge-sharing sessions. Participants are expected to have in depth discussions on a wide array of issues related to Sharī’ah governance\, the growing demands of stakeholders for robust governance framework after global financial crisis and how Sharī’ah governance can meet the expectations of various stakeholders. \nThe best global practices of corporate and Sharī’ah governance will be presented\, with suggestions for incorporation within organisations. This Executive Forum will also spotlight banking supervisors in ensuring that robust governance structures are in place. The Executive Forum is expected to shed light on the efforts towards promoting and enhancing the current corporate and Sharī’ah governance practices\, to support the growth of the Islamic financial services industry. \nThe Executive Forum is a paying event. Special rates are offered to all member of the IFSB. \nEnjoy group discount of 10% when you register 3 or more participants from the same organisation. (Not applicable to subsidiaries and affiliated companies) \nFor further queries\, please email Mrs. Ida Shafinaz Ab. Malek at ida.shafinaz@ifsb.org.\n\nProgramme – Event Session(s) \n\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n05/10/2016\n08:30 – 09:30\nMorning Coffee and Registration\n\n\n09:30 – 09:45\nOpening and Welcoming Address\n\n\n09:45 – 11:15\nSession 1: The Essence of Shari’ah Governance: Exceeding Stakeholders Expectations Key global developments in Shari’ah governance Rising to the challenges of Shari’ah governance Ensuring robust Shari’ah governance in Islamic financial institutions\n\n\n11:15 – 11:45\nGroup Photo and Coffee Break\n\n\n11:45 – 13:15\nSession 2: Strategic Focus: Building optimal Shari’ah Governance Structures Top Management and the BOD: Optimal understanding and direction for Shari’ah Governance Shari’ah non-compliance risk: Holistic initiatives within Islamic financial institutions Shari’ah Auditing: A key Line of Defence in operationalising Shari’ah governance models\n\n\n13:15 – 14:30\nLunch and Prayers\n\n\n14:30 – 16:30\nSession 3: Moderated Session: Aligning Objectives and Practices Towards Convergence: Corporate and Shari’ah Governance Shareholder vs. Stakeholder Protection: A strategic imperative Synchronising corporate and Shari’ah governance responsibilities Profiting from the integration of corporate and Shari’ah governance frameworks\n\n\n16:30 – 17:00\nCoffee break\n\n\nDay 2\n06/10/2016\n08:30 – 09:30\nMorning Coffee\n\n\n09:30 – 11:00\nSession 4: Managing Reputational Risk: Shari’ah governance and enhancing cross-border credibility Global practices and models of Shari’ah governance No One Size Fits All: Regulation vs. decentralisation Addressing the challenges in cross-border supervision\n\n\n11:00 – 11:30\nCoffee break\n\n\n11:30 – 13:00\nSession 5: Towards Greater Market Discipline: Shari’ah governance in enhancing disclosure for IIFS Preconditions for effective market discipline and improving disclosure for the IFSI Protecting the rights of PSIA and the role of the Shari’ah Board The supervisory challenges in promoting and enforcing market discipline and disclosure\n\n\n13:00 – 14:00\nLunch and Prayers\n\n\n14:00 – 16:00\nSession 6: Panel Discussion: Current practices in Shari’ah Governance: Lessons and take-away for enhancements Optimising the Shari’ah governance structure in Islamic banks Current practices in Shari’ah governance for the takāful industry Ensuring transparency and market discipline for Islamic capital markets\n\n\n16:00 – 16:30\nClosing & Certificate Giving Ceremony\n\n\n16:30 – 17:00\nCoffee break\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format\n\n\n2.)\n\n9th IFSB-INCEIF Executive Forum: Promoting Sound and Effective Shari’ah Governance Practices\n\n\n\n 
URL:https://www.ifsb.org/event/eve00282-9th-ifsb-inceif-executive-forum-promoting-sound-and-effective-shariah-governance-practices/
LOCATION:Training Room 3.1 & 3.2\, Level 3\, Sasana Kijang\, Training Room 3.1 & 3.2\, Level 3\, Sasana Kijang\, Kuala Lumpur\, Malaysia
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20160530T080000
DTEND;TZID=UTC:20160531T170000
DTSTAMP:20260404T030132
CREATED:20231106T184816Z
LAST-MODIFIED:20231227T084918Z
UID:11642-1464595200-1464714000@www.ifsb.org
SUMMARY:World Bank-IFSB-Turkish Treasury Conference on Takaful : Realising the Value Proposition of the Takaful Industry for a Stable and Inclusive Financial System
DESCRIPTION:This Conference was jointly organised by the Islamic Financial Services Board (IFSB)\, the World Bank and Undersecretariat of Treasury of the Republic of Turkey and supported by the Insurance Association of Turkey and Participation Insurance Association of Turkey on 30 & 31 May 2016\, in Istanbul\, Turkey.\n\nThis Conference aimed to provide a platform for global practitioners and stakeholders in Takāful industry to discuss selected emerging issues. It covered issues such as the recent outlook of the Takāful industry and its potential in enhancing risk coverage of households and corporates\, as a tool for financial inclusion\, as well as its role in supporting the growth of Islamic finance industry globally.\n\nThe Conference included discussions on the developments made in the legal\, regulatory\, and supervisory framework for Takāful and Retakāful sectors\, focusing on the pre-requisites and governance of these sectors at national and international levels.\n\n18 chairpersons and discussants who were senior financial sector supervisors and experts from international financial institutions participated as speakers who panelled the following sessions:\n\n 	Global Overview of the Takāful Sector: Trends and Policy Developments\n 	Regulatory Developments and Implications for the Industry – Contrasting the Various Approaches to Regulating Takāful\n 	The Role of Microtakāful in Financial Inclusion\n 	Risk Management and Governance in Takāful\n 	Challenges in Developing the Retakāful Sector\n 	Panel Discussion – Taking Takāful to the Next Level\n\nThe Conference saw the attendance of nearly 100 participants from government\, regulatory and supervisory bodies\, legal sector and higher learning institutions.\n\nThe Papers of this Conference are planned to be published in a joint IFSB-WB publication.\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n30/05/2016\n08:30 – 09:00\nReception and Registration\n\n\n09:00 – 09:30\nOpening and Welcoming Remarks\n\n\n09:30 – 10:00\nKeynote Addresses\n\n\n10:00 – 10:30\nCoffee Break\n\n\n10:30 – 11:45\nSession 1: Global Overview of the Takāful Sector: Trends and Policy Developments This session provides participants with an overview of the Takāful industry\, worldwide growth trends and policy developments in various regions. Participants will be able to have a view of how the industry has evolved since Takāful started in 1970s as well as the various challenges faced by the new and matured Takāful markets. Participants of the conference will also get insights into how the industry contributes to the stability of financial system through its risk sharing features.\n\n\n11:45 – 13:00\nSession 2: Regulatory Developments and Implications for the Industry – Contrasting the Various Approaches to Regulating Takāful This session aims to exemplify how the evolving regulatory requirements of the global standard setting institutions are impacting the regulation of the industry. The challenges faced by the regulators in harmonising the standards of the conventional insurance and Takāful sector shall be illustrated. The session will also illuminate on the industry players’ perspective on meeting the evolving regulatory landscape and implications for their operations.\n\n\n13:00 – 14:00\nLuncheon\n\n\n14:00 – 15:15\nSession 3: The Role of Microtakāful in Financial Inclusion This session aims to highlight how Microtakāful contribute the availability of risk coverage products to the wider sections of society. Initiatives of various countries and institutions will be shared with the participants to provide a reflection on how the excluded sections of society benefit from the Sharī`ah compliant and affordable insurance products and services.\n\n\n15:15 – 15:45\nCoffee Break\n\n\n15:45 – 17:00\nSession 4: Risk Management and Governance in Takāful This session aims to provide the various governance structures that have been proven to be effective for jurisdictions in managing the risks in Takāful operation. Key elements of risk management will be shared with the participants to provide an enhanced understanding of how Takāful Operators are able to better equip themselves in managing the diverse risks.\n\n\nDay 2\n31/05/2016\n08:30 – 09:00\nMorning Coffee\n\n\n09:00 – 10:15\nSession 5: Challenges in Developing the Retakāful Sector This session draws upon the issues and challenges faced by the Retakāful sector in meeting the demands from the Takāful industry. The (lack of) regulation of Retakāful activities has thus far created misinterpretation on various aspects of Retakāful operation. This calls for the need to have a standardised supervising method of Retakāful activities\, in addition to garnering best practices by the industry players. Participants will be able to get a view of what the IFSB has recommended in its latest standard on Retakāful\, IFSB-18: Guiding Principles of Retakāful (Islamic Reinsurance).\n\n\n10:15 – 10:45\nCoffee Break\n\n\n10:45 – 12:00\nSession 6: Panel Discussion – Taking Takāful to the Next Level This final session gathers experienced Takāful industry players\, regulators\, and thought leaders to deliberate on the way forward for the Takāful industry. They will share their thoughts on Takāful outlook\, underlying opportunities\, and how the industry should brace itself for the development in the next 20 years.\n\n\n12:00 – 12:15\nClosing Remarks\n\n\n12:15 – 14:00\nEnd of Conference / Luncheon\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format\n\n\n2.)\n\nBrochure\n\n\n3.)\n\nRenaissance Istanbul Polat Bosphorus Hotel – Form
URL:https://www.ifsb.org/event/eve00277-world-bank-ifsb-turkish-treasury-conference-on-takaful-realising-the-value-proposition-of-the-takaful-industry-for-a-stable-and-inclusive-financial-system/
LOCATION:Renaissance Istanbul Polat Bosphorus Hotel\, Istanbul\, Turkey
CATEGORIES:Awareness Programme
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BEGIN:VEVENT
DTSTART;TZID=UTC:20160523T020000
DTEND;TZID=UTC:20160524T020000
DTSTAMP:20260404T030132
CREATED:20160522T225032Z
LAST-MODIFIED:20231228T011925Z
UID:11657-1463968800-1464055200@www.ifsb.org
SUMMARY:Seminar on Islamic Finance - The Real Economy and the Financial Sector
DESCRIPTION:For queries\, please contact Mrs. Ida Shafinaz Ab. Malek at ida.shafinaz@ifsb.org \nEvent Snapshots \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n  \nThe IFSB organised the Seminar on Islamic Finance which was supported by Banco De España in collaboration IE Business School. The Seminar themed The Real Economy and Financial Sector was held on 24 May 2016\, in Madrid\, Spain. The Seminar is part of the IFSB European Forum Series. \nThe Opening Remarks were delivered by H.E. Luis M. Linde\, Governor\, Banco De España\, Mr. Jaseem Ahmed\, Secretary-General\, IFSB and Mr. Guillermo de la Dehesa Romero\, Chairman\, IE Business School. \nThe Seminar was designed to encourage broad interaction among the delegates to explore the potential re-alignment of economic policy frameworks in a manner that strengthens the linkages between the real economy and the financial sector as well as offering some perspectives of Islamic finance principles\, and financing modalities\, which directly relate to the real sector from both the viewpoints of risk and return. The sessions discussed the following issues: \n\nPanel Discussion – Islamic Finance: Legal and Regulatory Considerations\nSukūk – A Growing Alternative Asset Class to Fund the Real Sector\nEquity-based Financing and its Effects on Macroeconomic Resilience\nBanking the Unbanked: Enhancing Financial Inclusion using Risk-Sharing Instruments\n\nThe Seminar was attended by over 80 delegates\, with a line-up of 15 chairpersons and speakers from among regulators\, academics and Islamic financial sector experts and practitioners from among the European as well as global financial community. \nAn Introductory Seminar on Islamic Finance was also held on 23 May 2016. This half-day event aimed to provide a better understanding\, especially to the local delegates\, on Islamic Finance. Over 60 delegates attended the Introductory Seminar. \nProgramme – Event Session(s) \n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n23/05/2016\nSEMINAR ON ISLAMIC FINANCE: AN INTRODUCTION\n\n\n14:00 – 15:00\nRegistration and Networking\n\n\n15:00 – 15:10\nWelcoming Remarks\n\n\n15:10 – 16:10\nSession 1 – Islamic Finance: Facts and Figures Over the last decade\, Islamic finance has gained much acceptance in the global arena with estimates indicating the presence of more than 600 Islamic financial institutions operating across nearly 70 countries. The industry has approximately USD2 trillion worth of assets having expanded from offering basic banking services in the 1990s to become a holistic financial sector offering Sharī`ah-compliant capital markets\, asset management as well as insurance products and services. The stakeholders of the industry include both Muslim majority and non-Muslim majority jurisdictions as well global multilateral development banks and international organisations. In Europe\, Islamic financial transactions are actively undertaken in some countries including in the United Kingdom\, Luxembourg and Germany. This session aims to: Highlight the growth and development of the global Islamic financial services industry (IFSI) across diverse regions globally. Detail out the progress made in each of IFSI’s three main segments – Islamic banking\, Islamic capital markets and Takāful (Islamic insurance). Discuss the regulatory developments in Islamic finance\, and the role and work of the IFSB. Discuss the initiatives and prospects for Islamic finance in Europe.\n\n\n16:15 – 17:15\nSession 2 – Challenges and Opportunities for the Implementation of Islamic Finance in Spain Islamic finance provides a new and alternative source of funds for families\, companies and public institutions. Although this system has originated from the Middle East and Asia\, it is gaining traction globally during times when many are deliberating viable alternatives to the traditional financial systems in the Western countries. In Spain\, a particular segment that experiences difficulty in steady availability of credit is the Small and Medium Enterprises (SMEs). Islamic finance principles propose a risk-sharing and equity-based financing mechanism that potentially provides a more viable modality for financing entrepreneurs\, SMEs\, as well as corporations and the whole society in general. Nonetheless\, there will be challenges in the implementation of Islamic finance in Spain. This session aims to: Explore the value proposition for Islamic finance as an alternative financing modality for Spanish businesses Explain key features and models of Islamic finance Discuss the opportunities for Islamic finance in Spain\, and its implementation challenges\n\n\n17:15 – 00:00\nCoffee Break and Networking\n\n\nDay 2\n24/05/2016\nSEMINAR ON ISLAMIC FINANCE: THE REAL ECONOMY AND FINANCIAL SECTOR\n\n\n08:30 – 09:30\nRegistration\n\n\n09:30 – 10:00\nWelcoming Remarks\n\n\n10:00 – 10:30\nCoffee break\n\n\n10:30 – 11:45\nSession 1: Panel Discussion – Islamic Finance: Legal and Regulatory Considerations The rapid growth of Islamic finance in recent years has spurred increasing interest in the subject including in Europe. Estimates indicate the size of Islamic finance assets in Europe range between $60 billion and $70 billion as of end-2014. Almost 40 banking institutions have Islamic banking operations across the European continent\, while in the Islamic capital market segment\, a total of 294 Islamic funds were domiciled in Europe (as of Sept 2014). Similarly\, Sukūk has been used as a fund-raising instrument across the United Kingdom\, Luxembourg\, Germany and France with the former two having floated debut sovereign Sukūk in 2014. Fundamental to sustaining the growth of Islamic finance growth in Europe is\, among other factors\, an enabling environment with an appropriate regulatory and supervisory framework\, and supporting legal basis\, that provides for a level playing field. The scope and implementation of the needed legal and regulatory reforms can differ across jurisdictions but contain certain core elements that can draw from international core principles and standards with a view towards strengthening real sector linkages.\n\n\n11:45 – 13:00\nSession 2: Sukūk – A Growing Alternative Asset Class to Fund the Real Sector In the backdrop of global macroeconomic challenges and financial pressures in major markets\, the fast expanding global pool of Sharī`ah-compliant capital has become an attractive source over the years for various sovereigns\, government-related entities and corporates to tap into in order to meet their financing needs. In particular\, Sukūk instruments have gained widespread acceptance among stakeholders as economically viable tools to achieve funding diversification and offer tailored financing (especially for infrastructure investments). In the past five years\, global Sukūk outstanding has been the fastest expanding asset class in the Islamic financial services industry\, achieving a compounded annual growth rate of more than 19% (2009-2014). Nonetheless\, several key imperatives remain in order to expand the role of Sukūk in funding the real sector. Among these are reforms to taxation and the development of the legal and regulatory framework that accommodates the specificities of Sukūk; strengthening the market infrastructure to support the intricacies of Sukūk structures; supporting liquid and active secondary markets (e.g. by a regular Sovereign/Central Bank Sukūk programmes of different maturities to establish a benchmark yield curve); and other necessary considerations such as dispute resolution frameworks and Sukūk insolvency regimes.\n\n\n13:00 – 14:00\nLunch\n\n\n14:00 – 15:15\nSession 3: Equity-based Financing and its Effects on Macroeconomic Resilience A series of recent studies\, including some published as working papers by the IMF\, have suggested that all crises of the past have been\, at their core\, debt crises\, regardless of whether they were labelled as ‘currency’ or ‘banking’ crises. As such\, some experts argue that an economic model based on equity-based principles where the rate of return to finance is derived directly from the rate of return to the real sector\, produces a stable equilibrium and avoids the mismatches of maturities and values between assets and liabilities. In an economy that where equity-based financing is endemic (e.g.\, mortgage finance\, corporate finance\, etc.)\, as prices fluctuate in the real sector so do the value of financial assets; hence\, assets and liabilities of economic agents vary in the same direction. The importance of this framework can be considered in light of the global financial crisis and its relationship to housing finance and macroprudential risks and their management.\n\n\n15:15 – 15:45\nCoffee table\n\n\n15:45 – 17:00\nSession 4: Banking the Unbanked: Enhancing Financial Inclusion using Risk-Sharing Instruments Enhancing financial inclusion is a common objective for many governments\, central banks and international organizations based on evidence from research that suggests that financial inclusion plays an important role in poverty reduction\, reducing income disparities and increasing economic growth. However\, the formal financial sector often fails to adequately meet the needs of the perceived riskier borrowers of a particular society given their inability to furnish collateral; this category includes microfinance for the lower-income households\, financing for small and medium enterprises\, and micro-insurance to others. As a solution\, some experts suggest that the use of risk-sharing contracts provide a viable alternative to debt-based financing for meeting the funding needs of the financially excluded segments. Currently\, such risk-sharing models are beginning to be implemented by the informal financial sector consisting of NGOs\, private-equity and crowdfunding platforms\, and so on. As the scope of such financial models expand\, policymakers may consider formalizing the use of risk-sharing contracts as an alternative to debt-based financing to enhance financial inclusion. This would critically require strong regulatory support\, for instance\, in removing regulatory and tax impediments to risk-sharing contracts and strengthening the overall financial inclusion market infrastructure (e.g. crowdfunding platforms\, accommodative regulatory guidelines\, etc.)\n\n\n\nDownloadable Document(s) \n\n\n\n1.)\n\nEvent Session(s) – PDF Format\n\n\n2.)\n\nHotel Reservation Form\n\n\n\n 
URL:https://www.ifsb.org/event/eve00272-seminar-on-islamic-finance-the-real-economy-and-the-financial-sector/
LOCATION:Aula Magna\, at Maria de Molina St. # 11: IE Business School\, Madrid\, Spain\, Madrid\, Spain
CATEGORIES:Awareness Programme
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BEGIN:VEVENT
DTSTART;TZID=UTC:20160510T083000
DTEND;TZID=UTC:20160510T160000
DTSTAMP:20260404T030132
CREATED:20160509T184950Z
LAST-MODIFIED:20231228T011935Z
UID:12008-1462869000-1462896000@www.ifsb.org
SUMMARY:IFSB Regulator's Forum : Islamic Finance in 2016 and Beyond: Challenges\, Opportunities and Evolving Regulatory Focus
DESCRIPTION:The IFSB will be organising the IFSB Regulator’s Forum\, on 10 May 2016\, in conjunction with the Global Islamic Finance Forum (GIFF 5.0) on which will be held on 10 – 12 May 2016\, in Kuala Lumpur\, Malaysia.\n\nWith the theme “Islamic Finance in 2016 and Beyond: Challenges\, Opportunities and Evolving Regulatory Focus“\, the IFSB Regulator’s Forum is designed to encourage broad interaction among the delegates to explore the implications on the Islamic financial services industry (IFSI) from the evolving global regulatory reform agenda. In the light of the current global macroeconomic conditions\, the Forum seeks to raise awareness on the emerging challenges in the resilience and stability of the IFSI while discussing the regulators’ role in mitigating such vulnerabilities.\n\nThe Forum welcomes participants from regulatory and supervisory authorities\, international organisations\, multilateral development banks\, institutions offering Islamic financial services (IIFS)\, academics and any other interested parties.\n\nFor participation and queries\, please register online or email Mr. Ahmed Barakat at ahmed.barakat@ifsb.org.\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n10/05/2016\n08:30 – 09:30\nRegistration & Networking\n\n\n09:30 – 09:50\nWelcoming Remarks\n\n\n09:50 – 10:00\nSpecial Presentation\n\n\n10:00 – 11:15\nSession 1: Panel Discussion on the Outlook and Opportunities of the Islamic Financial Services Industry (IFSI) in 2016 and Beyond: Sustaining IFSI Growth and Resilience Amid Challenges This session aims to highlight: Emerging risks to the global economy and knock-on effects on Islamic finance Macroprudential framework and policy tools for the enhanced supervision of Islamic financial institutions. Appropriate stress testing frameworks for Islamic finance Emerging issues in Islamic finance regulation i.e. anti-money laundering (AML) and consumer protection\n\n\n11:15 – 12:30\nSession 2 : Global Regulatory Reforms: The Islamic Finance Response This session aims to highlight: The global surveillance framework and Islamic finance Enhanced liquidity and capital buffer requirements and implications for Islamic finance National regulators’ experiences in developing prudential frameworks for the Islamic financial services industy (IFSI) Market players’ response to the evolving regulatory reforms Progress on developing Sharī`ah-compliant financial safety-nets\n\n\n12:30 – 14:00\nNetworking Lunch End of Forum\n\n\n\nDownloadable Document(s)\n\n\n\n1.)\n\nEvent Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00279-ifsb-regulators-forum-islamic-finance-in-2016-and-beyond-challenges-opportunities-and-evolving-regulatory-focus/
LOCATION:Conference Hall 2\, LG2\, Sasana Kijang\, Bank Negara Malaysia\, kuala lumpur\, Malaysia
CATEGORIES:Awareness Programme
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BEGIN:VEVENT
DTSTART;TZID=UTC:20160425T090000
DTEND;TZID=UTC:20160425T111500
DTSTAMP:20260404T030132
CREATED:20160424T225516Z
LAST-MODIFIED:20231228T011946Z
UID:11669-1461574800-1461582900@www.ifsb.org
SUMMARY:Public Hearing of the IFSB Exposure Draft: Technical Note on Stress Testing for Institutions Offering Islamic Financial Services (IIFS)
DESCRIPTION:In line with the IFSB due process for the development of Standards and Guiding Principles\, a Public Hearing will be held for the IFSB Exposure Draft: Technical Note on Stress Testing for Institutions Offering Islamic Financial Services (IIFS)\n \n\nFor more information on the Public Hearing\, please email to Ms. Nazarina Abdul Majid at nazarina@ifsb.org\n\nProgramme – Event Session(s)\n\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n25/04/2016\nIFSB EXPOSURE DRAFT:TECHNICAL NOTE ON STRESS TESTING FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (ED TN-2)\n\n\n09:00 – 09:30\nRegistration\n\n\n09:30 – 09:30\nOpening Remarks by Assistant Secretary-General of the IFSB\n\n\n09:35 – 10:30\nPesentation by the Project Manager\n\n\n10:30 – 11:15\nQuestions and Answers\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00278-public-hearing-of-the-ifsb-exposure-draft-technical-note-on-stress-testing-for-institutions-offering-islamic-financial-services-iifs/
LOCATION:Training Room 2.3 & 2.4\, Sasana Kijang \, Bank Negara Malaysia\, Kuala Lumpur\, Malaysia.\, Luala Lumpur\, Malaysia
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
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BEGIN:VEVENT
DTSTART;TZID=UTC:20160412T030000
DTEND;TZID=UTC:20160412T170000
DTSTAMP:20260404T030132
CREATED:20160411T225814Z
LAST-MODIFIED:20231228T011955Z
UID:11674-1460430000-1460480400@www.ifsb.org
SUMMARY:13th Islamic Financial Stability Forum : Consumer Protection in Islamic Finance
DESCRIPTION:Programme – Event Session(s)\n\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n12/04/2016\n15:00 – 15:10\nChairman’s Remarks H.E. Tarek Hassan Ali Amer\, Governor\, The Central Bank of Egypt\n\n\n15:10 – 16:10\nPresentation on Consumer Protection in Islamic Finance Speaker: Professor Dr. Volker Nienhaus\, Former President of the University of Marburg\, Germany\, and Consultant to the Islamic Financial Services Board Discussant: Ms. Nariman Abdulla Kamber Al Awadhi\, Chief Manager\, Consumer Protection Division\, Banking Supervision Department\, Central Bank of the United Arab Emirates Mr. Khairul Nizam\, Chief Operating Officer\, Finance Accreditation Agency\, Malaysia\n\n\n16:10 – 16:30\nDiscussion and Q&A Session\n\n\n16:30 – 17:00\nCoffee and Networking Break End of Forum\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00309-13th-islamic-financial-stability-forum-consumer-protection-in-islamic-finance/
LOCATION:Cairo\, Cairo\, Egypt\, Egypt
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
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BEGIN:VEVENT
DTSTART;TZID=UTC:20160410T083000
DTEND;TZID=UTC:20160412T173000
DTSTAMP:20260404T030132
CREATED:20160409T230200Z
LAST-MODIFIED:20231228T015139Z
UID:11680-1460277000-1460482200@www.ifsb.org
SUMMARY:IFSB Annual Meetings 2016: 28th Meeting of the Council\, 14th General Assembly of the Islamic Financial Services Board & Other Events (Seminar on Islamic Capital Market)
DESCRIPTION:The IFSB Annual Meetings 2016 is hosted by the Central Bank of Egypt.\n\nThe 28th Meeting of the Council\, 14th General Assembly of the IFSB\, 13th Islamic Financial Stability Forum and Welcome Dinner is by invitation only. For more information on the meetings and dinner\, please email the following Secretariat in charge:\n\n1) Council Meeting\, General Assembly and Welcome Dinner: Ms. Nur Khairun Nissa Md Zawawi (email: khairun.nissa@ifsb.org)\n\n2) 13th Islamic Financial Stability Forum: Ms. Yazmin Aziz (email: yazmin@ifsb.org)\n\nThe following Side Events will also be held in conjuction with the IFSB Annual Meetings 2016.\n\n1) IFSB Seminar on Islamic Capital Markets: Mrs. Ida Shafinaz Ab. Malek (email: ida.shafinaz@ifsb.org)\n\n2) 8th IFSB Public Lecture on Financial Policy and Stability: Mrs. Ida Shafinaz Ab. Malek (email: ida.shafinaz@ifsb.org)\n\n3) Meet the Members and Industry Engagement Session: Mr. Ifran Tarmizi (email: ifran@ifsb.org)\n\nEvent Snapshots\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe IFSB organised four Side Events in conjunction with the IFSB Annual Meetings 2016 on 10 – 12 April 2016 in Cairo\, Egypt\, hosted by Central Bank of Egypt.\n\nThe first event was a Seminar on Islamic Capital Market\, held on 10 April 2016. Themed “Supporting Development through Sukūk: Prospects and Initiatives”\, the Seminar aimed to provide an interactive environment enabling speakers and participants to explore the prospective role of Sukūk in social and economic development through the aforementioned roles. The Seminar offered perspectives of Sukūk that revolved around the key challenges.\n\nMr. Gamal Negm\, Deputy Governor\, Central Bank of Egypt and Mr. Jaseem Ahmed\, Secretary General of the IFSB delivered the opening and welcoming speeches respectively. The keynote address was delivered by H.E. Sherif S. Samy\, Chairman of the Egyptian Financial Supervisory Authority.\n\nFourteen chairpersons and speakers from among regulators and market players sector discussed the following issues at the Seminar:-\n\n 	Development of the Sukūk Sector: Legal and Regulatory Considerations\n 	Panel Discussion – Sukūk for Budgetary and Financial Sector Support: Structures and Country Examples\n 	Sukūk for Infrastructure Financing: Prospects and Case Studies\n 	Panel Discussion on Building Synergies for Sukūk Issuances\n\nOver 100 delegates from 16 jurisdictions among the IFSB member and non-member organisations – representatives from market players\, regulatory bodies\, international agencies as well as academia and other interested parties from the public attended this Seminar.\n\nOn 11 April 2016\, the IFSB organised its 8th Public Lecture on Financial Policy and Stability. The Lecture\, delivered by Dr. Sami Al Suwailem\, Head\, Financial Product Development Center\, Islamic Development Bank carried the theme\, Morality\, Rationality and Financial Stability.\n\nMr. Jaseem Ahmed and Mr. Tarek Fayed\, Sub Governor\, Central Bank of Egypt delivered the opening and welcoming speeches. The Lecture saw the attendance of 100 participants from among the IFSB members\, regulatory and supervisory bodies\, as well as the government\, private\, legal and educational sectors in Egypt.\n\nThe Public Lecture was followed by a Members and Industry Engagement Session which aimed to provide a platform for the IFSB members and greater financial community an insight and update into the work of the IFSB\, its relevance to the development of the global industry\, and the role the stakeholders (members and non-members) can play in this development.\n\nThe session was attended by 50 participants consisting of the IFSB members and the Egyptian local financial community\, where Mr. Tarek Fayed delivered the Opening Remarks. The Opening Remarks was followed by a presentation titled\, Global Outlook of Islamic Finance\, by Mr. Jaseem Ahmed\, Mr. Zahid Ur Rehman Khokher\, Assistant Secretary-General of the IFSB also delivered a presentation titled\, Stakeholders Engagement in Supporting the Sound Development of Islamic Financial Services Industry.\n\nThe 13th Islamic Financial Stability Forum was held on 12 April 2016\, after the IFSB Council and General Assembly meetings. The topic of this year’s IFSF was Consumer Protection in Islamic Finance.\n\nProfessor Volker Nienhaus\, Former President\, University of Marburg\, Germany\, and IFSB Consultant was the speaker of the 13th IFSF and presented the topic\, Consumer Protection in Islamic Finance. His presentation\, which is based on an IFSB Working Paper series\, Financial Consumer Protection in Islamic Finance stated that most of the issues in consumer protection covers both conventional and Islamic segments of the financial system. The discussants were Ms. Nariman Abdulla Kamber Al Awadhi\, Chief Manager\, Consumer Protection Unit\, Central Bank of the United Arab Emirates and Mr. Khairul Nizam\, Chief Operating Officer\, Finance Accreditation Agency\, Malaysia.\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n10/04/2016\nSEMINAR ON ISLAMIC CAPITAL MARKET (OPEN SESSION)\n\n\n08:30 – 09:30\nRegistration\n\n\n09:30 – 10:30\nWelcoming Remarks and Keynote\n\n\n10:30 – 11:00\nCoffee break\n\n\n11:00 – 12:15\nSession 1: Development of the Sukūk Sector: Legal and Regulatory Considerations As one of the fastest growing segments of the Islamic financial services industry\, the Sukūk market poses important legal and regulatory challenges. One of the most important legal issues of the Sukūk market is the different legal treatments for asset-based and asset-backed Sukūk structures and their effects on risks\, particularly legal risk\, that are endogenous to a particular Sukūk issuance. Furthermore\, in view of the potential multi-national investor base and the global appeal of these instruments\, the standardisation of the structures and processes along with the legal and tax treatment in different jurisdictions\, the set-up of effective mechanisms for dispute resolution\, and enforceability of the Sukūk contracts are also important issues that feature as determinants of the attractiveness of the instrument and jurisdiction. Apart from the legal issues\, the provision of a sound regulatory and supervisory regime is critical in order to ensure that the Sukūk instruments comply with key consumer protection aspects as well as operate in an environment that limits the exposure to system-wide risks.\n\n\n12:15 – 13:30\nSession 2: Sukūk for Budgetary and Financial Sector Support: Structures and Country Examples Since the GFC\, the share of Sukūk issued by sovereigns\, quasi-sovereigns (Ministries/Central Banks\, etc.) and government-related entities (GREs) has risen noticeably from 2009 onwards\, accounting for more than two-thirds of issuances in the primary market. These funds have been raised to support a variety of state budgetary needs including to fund development expenditures\, as well as to support a smooth functioning of the country’s Islamic financial system. Moreover\, a steady supply of Sovereign/GRE Sukūk has had the complementary advantage of providing much-needed Sharī`ah-compliant investment avenues to various Takāful and Islamic fund management institutions. Furthermore\, sovereign or quasi-sovereign Sukūk are eligible as high-quality liquid assets for regulatory purposes related to capital-adequacy and liquidity management by Islamic banks. These Sukūk also provide a pricing benchmark for other potential Sukūk issuers (Corporates) in the country. Given the interrelated advantages for a regular state-sponsored Sukūk programme\, it is important to understand the developmental aspects and financial infrastructure dimensions which are critical to support such initiatives by a jurisdiction. In this regard\, lessons can be learned from the experience of countries that already have regular sovereign-linked Sukūk issuance programmes in place.\n\n\n13:30 – 14:30\nLunch and Prayers\n\n\n14:30 – 15:45\nSession 3: Sukūk for Infrastructure Financing: Prospects and Case Studies The global decline in the supply of syndicated bank loans and project financing by the banking sector for the infrastructure projects in the post-crisis era\, mostly due to deleveraging and additional capital requirements\, has widened the infrastructure funding gap in the context of expanding socio-economic needs and goals. In such an environment\, Sukūk\, with its tangible asset base\, and appeal to a wide set of investors\, can be an attractive form of financing that complements traditional financing. Indeed\, appropriately structured Sukūk\, with its risk sharing characteristics\, may help to address key impediments to financing of infrastructure in the form of construction risk and equity concentration risk. In this respect\, Asia with its rapidly growing population\, the MENA region with its drive for upgrading its infrastructure services and Africa as an untapped market with acute infrastructure investment needs are the principal regions in which the potential Sukūk market is expanding.\n\n\n15:45 – 16:15\nCoffee break\n\n\n16:15 – 17:30\nSession 4: Panel Discussion on Building Synergies for Sukūk Issuances The panel will address the challenge and opportunities for Islamic finance\, and in particular for Sukuk\, in an environment in which commodity prices have fallen\, budgets are in need of alternative financing sources\, and new regulatory requirements come into place for active and deep financial markets under Basel III. The panel will seek to develop insights and proposals for both policy makers and the private sector from the perspective of development of Sukūk markets\, and meeting the increased demand for Sukūk issuances. In particular\, the panel will examine the potential for public-private synergies in the development of a Sukūk-friendly legal and regulatory framework\, and for a sound supportive institutional structure\, as well as for knowledge sharing and capacity development goals.\n\n\nDay 2\n11/04/2016\n8TH IFSB PUBLIC LECTURE ON FINANCIAL POLICY AND STABILITY (OPEN SESSION)\n\n\n08:30 – 09:30\nRegistration\n\n\n09:30 – 09:45\nOpening Remarks\n\n\n09:45 – 11:00\nLecture – Morality\, Rationality and Financial Stability\n\n\n11:00 – 11:30\nCoffee Break and Networking\n\n\n12:30 – 14:30\nMeet the Members and Industry Engagement Session – Lunch (Open Session – Industry and Market Players)\n\n\n20:00 – 22:00\nWelcome Dinner (IFSB Members Organisation ONLY)\n\n\nDay 3\n12/04/2016\n09:00 – 12:30\n28th Meeting of the Council of the IFSB (Full and Council Members of the IFSB ONLY)\n\n\n12:30 – 13:30\n14th General Assembly (IFSB Members Organisation ONLY)\n\n\n13:30 – 15:00\nLunch\n\n\n15:00 – 16:30\n13th Islamic Financial Stability Forum (For IFSB Council and Full members\, Regulatory Authorities and International Organisations ONLY) Theme: Consumer Protection in Islamic Finance The 13th Islamic Financial Stability Forum will seek to examine and draw on experiences in developing consumer protection frameworks for Islamic Financial Services Industry and identifying opportunities and direction for future work in this critical areas. Speaker: Professor Dr. Volker Nienhaus\, Consultant\, Islamic Financial Services Board (IFSB)\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format\n\n\n2.)\n\nEvent Brochure
URL:https://www.ifsb.org/event/eve00274-ifsb-annual-meetings-2016-28th-meeting-of-the-council-14th-general-assembly-of-the-islamic-financial-services-board-other-events-seminar-on-islamic-capital-market/
LOCATION:Tutankhamun 1\, JW Marriott Hotel\, Cairo\, Egypt\, Cairo\, Egypt
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20160328T080000
DTEND;TZID=UTC:20160331T153000
DTSTAMP:20260404T030132
CREATED:20160327T230849Z
LAST-MODIFIED:20231228T015156Z
UID:11687-1459152000-1459438200@www.ifsb.org
SUMMARY:IFSB-FIS Workshop Series (Oman)
DESCRIPTION:This 4-day workshop is tailored for the regulatory and supervisory authorities and will cover the following IFSB Standards:\n\n 	IFSB-15: Revised Capital Adequacy Standard for Institutions Offering only Islamic Financial Services (IIFS)\n 	IFSB-16: Revised Guidance on Key Elements in the Supervisory Review Process of IIFS\n\nOverall\, this Workshop aims to:\n\n\n 	Enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;\n\n 	Assist the participants in the practical application of issues addressed in the particular standards through case studies\, hands-on exercises and other interactive tools; and\n\n 	Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles. \n\n\nThis Workshop is hosted by Central Bank of Oman and participation in this Workshop is by INVITATION only. For queries\, please contact the IFSB Secretariat\, Mr. Hamizi Hamzah at hamizi@ifsb.org.\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n28/03/2016\n08:00 – 08:30\nRegistration\n\n\n08:30 – 09:00\nOpening Remarks and Group Photo\n\n\n09:00 – 10:30\nSession 1: IFSB-15: Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services (IIFS) Components of Capital Capital Conservation Buffer Countercyclical Buffer Case Study on Components of Capital for IIFS\n\n\n10:30 – 11:00\nCoffee Break\n\n\n11:00 – 12:30\nSession 2: IFSB-15: Revised Capital Adequacy Standard for IIFS Leverage Ratio Domestic Systemically Important Banks Case Study on Leverage Ratio Case Study on Countercyclical Buffer\n\n\n12:30 – 13:30\nLunch and Prayer\n\n\n13:30 – 15:30\nSession 3: IFSB-15: Revised Capital Adequacy Standard for IIFS Credit Risk Weights for Various Counterparties Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Past Due Receivables & Other Assets\n\n\nDay 2\n29/03/2016\n08:30 – 10:00\nSession 4: IFSB-15: Revised Capital Adequacy Standard for IIFS Credit Risk Mitigation Credit Risk Mitigation Techniques Commonly Used by IIFS Credit Risk Mitigation Approaches Recognition of Ratings by External Credit Assessment Institution\n\n\n10:00 – 10:30\nCoffee Break\n\n\n10:30 – 12:00\nSession 5: IFSB-15: Revised Capital Adequacy Standard for IIFS Understanding the Market Risk in Islamic Finance Policies and Procedures for Market risk Guidance on Valuation Practices Group Exercise\n\n\n12:00 – 13:00\nLunch and Prayer\n\n\n13:00 – 15:00\nSession 6: IFSB-15: Revised Capital Adequacy Standard for IIFS Overview of Operational Risk Understanding Operational Risk in Islamic Finance Measuring Operational Risks Group Exercise\n\n\nDay 3\n30/03/2016\n08:30 – 10:00\nSession 7: IFSB-15: Revised Capital Adequacy Standard for IIFS Features of Sukūk and Securitisation in Sukūk Securitisation Process for Sukūk Role of IIFS in Sukūk Securitisation Credit Enhancement Mechanisms for Sukūk\n\n\n10:00 – 10:30\nCoffee Break\n\n\n10:30 – 12:00\nSession 8: IFSB-15: Revised Capital Adequacy Standard for IIFS Regulatory Capital for Sukūk in IIFS Capital Requirements for Sukūk Retained Securitisation Exposure Case Study\n\n\n12:00 – 13:00\nLunch and Prayer\n\n\n13:00 – 15:00\nSession 9: IFSB-15: Revised Capital Adequacy Standard for IIFS Current Regulatory Environment of Real Estate Activities Risk Exposures in Real Estate Activities Supervision of Real Estate Activities Risk-Weighting of Real Estate Exposures\n\n\nDay 4\n31/03/2016\n08:30 – 10:00\nSession 10: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Supervisory Preconditions\, Criteria and Approaches for Effective Supervision of IIFS Key Elements in the Supervisory Review Process of IIFS Regulatory Capital Requirements Treatment of Investment Account Holders (IAH) and Displaced Commercial Risk\n\n\n10:00 – 10:30\nCoffee Break\n\n\n10:30 – 12:00\nSession 11: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Internal Capital Adequacy Assessment Process Islamic Windows Operations Assessment of Additional Issues Supervisory Transparency and Accountability\n\n\n12:00 – 13:00\nLunch and Prayer\n\n\n13:00 – 15:00\nSession 12: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Corporate and Shariah Governance Transparency and Market Discipline Consolidated and Home-host Supervision Case Study\n\n\n15:00 – 15:30\nClosing & Certificate Giving Ceremony\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00270-ifsb-fis-workshop-series-oman/
LOCATION:Crowne Plaza Muscat\, Oman\, Muscat\, Oman
CATEGORIES:Capacity Building
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20160314T090000
DTEND;TZID=UTC:20160315T173000
DTSTAMP:20260404T030132
CREATED:20160313T221800Z
LAST-MODIFIED:20231228T015204Z
UID:12766-1457946000-1458063000@www.ifsb.org
SUMMARY:2nd IFSB Seminar On Legal Issues In Islamic Financial Services Industry
DESCRIPTION:Theme: Towards an Effective Legal Framework for Islamic Finance: Asset Securitisation and Insolvency The 2nd Seminar on Legal Issues in the Islamic Financial Services Industry will focus on two subjects of immediate relevance\, sukuk and insolvency. Experts in Shari`ah\, law and industry will give presentation on these subjects as they grow increasingly important for the future of Islamic finance in general and the treasuries of Islamic financial institutions in particular. \nProgramme – Event Session(s) \n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n14/03/2006\n09:00 – 09:45\nOpening and Keynote\n\n\n09:45 – 10:45\nSession 1: A General Survey of Legal Issues in Islamic Finance The scope of Islamic banking laws The relationship of legal infrastructure to product development and risk management Islamic banks in takaful and capital markets Preconditions for effective bank supervision Sukuk structures and the capital markets Islamic bank insolvency and default The objectives of the conference The conduct of the conference\n\n\n11:00 – 12:00\nSession 2: Case Study 1: Sovereign and Inter-Governmental Organizations Sukuk Securitization Structure: Shari’ah Issues Legal Structure Market Acceptance Outcome\n\n\n12:00 – 13:30\nSession 3: Case Study 2: Sovereign and Inter-Governmental Organizations Sukuk – Analysis Syndication and Funding Credit Enhancement Rating Risk Secondary Market Potential Shari’ah-related Considerations Jurisdiction-related Considerations\n\n\n15:00 – 16:00\nSession 4: Case Study 1: Corporate Sukuk Securitization Structure: Shari’ah Issues Legal Structure Market Acceptance Outcome\n\n\n16:15 – 17:30\nSession 5: Case Study 2: Corporate Sukuk – Analysis Syndication and Funding Credit Enhancement Rating Risk Secondary Market Potential Shari’ah-related Considerations Jurisdiction-related Considerations\n\n\nDay 2\n15/03/2006\n09:00 – 10:20\nSession 6: The Future for Sukuk Expanding Enabling Legislation Dealing with Restrictions on Foreign Ownership Expanding Enabling Infrastucture: Trusts and SPVs Cross Border Issues Islamic Money Market Instruments and Liquidity Management Risk Management and Monetary Policy Product Innovation Ratings and Shari`ah Risk\n\n\n10:45 – 12:00\nSession 7: Insolvency in Islamic Financial Institutions: A Survey of Relevant Legislation GCC Islamic banks Eastern Islamic banks Western Islamic banks The concepts of iflas and hajr al-madin and their consequences Responsibilities of IFIs to investment account holders and equity owners Responsibilities of IFIs to debtors\n\n\n14:30 – 16:00\nClosing Session: Panel Discussion on Preconditions for Effective Supervision and Stability Key Conclusions of the Conference Components of an Effective Legal Framework for Islamic Finance Supervision\, Risk Management\, and International Standards\n\n\n\nDownloadable Document(s) \n\n\n\n1.)\n\nEvent Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00028-2nd-ifsb-seminar-on-legal-issues-in-islamic-financial-services-industry/
LOCATION:The Landmark London Hotel\, London\, 222 Marylebone Rd\, London NW1 6JQ\, London\, UK\, United Kingdom
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20160223T093000
DTEND;TZID=UTC:20160225T163000
DTSTAMP:20260404T030132
CREATED:20160222T231237Z
LAST-MODIFIED:20231228T015211Z
UID:11693-1456219800-1456417800@www.ifsb.org
SUMMARY:IFSB-FIS Workshop Series - Takaful (Nigeria)
DESCRIPTION:This 3-day workshop is tailored for the Regulatory and Supervisory Authorities for the Takāful sector and will cover topics on introduction to Islamic finance and Takāful as well as the following IFSB Standards:\n\n 	IFSB-8: Guiding Principles on Governance for Takāful Undertakings\n 	IFSB-11: Standard on Solvency Requirements for Takāful Undertakings\n 	IFSB-14: Standard on Risk Management for Takāful Undertakings\n\n \nOverall\, this Workshop aims to:\n\n\n 	Enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;\n 	Assist the participants in the practical application of issues addressed in the particular standards through case studies\, hands-on exercises and other interactive tools; and\n 	Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles. \n\nThis Workshop is hosted by the National Insurance Commission (NAICOM) and participation in this Workshop is by INVITATION only. For queries\, please contact the IFSB Secretariat\, Mr. Hamizi Hamzah at hamizi@ifsb.org.\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n23/02/2016\n09:30 – 09:30\nRegistration\n\n\n09:30 – 09:45\nWelcoming Remarks\n\n\n09:45 – 11:00\nSession 1: Introduction to Islamic Finance and Takāful (Islamic Insurance) Introduction to Takāful Takāful Models Issues Faced by Takāful Operators\n\n\n11:00 – 11:30\nGroup Photo and Coffee Break\n\n\n11:30 – 13:00\nSession 2: IFSB-8: Guiding Principles on Governance for Takāful Undertakings Why Governance for Takāful Undertakings? Reinforcement of Relevant Good Governance Practices A Balanced Approach for Fair Treatment\n\n\n13:00 – 14:00\nLunch and Prayer\n\n\n14:00 – 16:00\nSession 3: IFSB-8: Guiding Principles on Governance for Takāful Undertakings Governance Structure for Participants Procedures for Proper Disclosure Case Studies\n\n\n16:00 – 16:30\nCoffee Break\n\n\nDay 2\n24/02/2016\n09:00 – 09:30\nRegistration\n\n\n09:30 – 11:00\nSession 4: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Specificities of Solvency Requirements for Takāful Total Balance Sheet Approach Adequate Solvency Resources\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 5: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Establish Solvency Control Levels Quality / Suitability of Solvency Resources Comprehensive Risk Management Framework\n\n\n13:00 – 14:00\nLunch and Prayer\n\n\n14:00 – 16:00\nSession 6: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Supervisory Review of Risk Management Framework Public Disclosure of Solvency Information Case Studies\n\n\n16:00 – 16:30\nCoffee Break\n\n\nDay 3\n25/02/2016\n09:00 – 09:30\nRegistration\n\n\n09:30 – 11:00\nSession 7: IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Specificities of Takāful Undertakings Relevant to Risk Management Ownership of Risk Fund Significant Risks of Particular Relevance to Takāful\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 8: IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Significant Risks of Particular Relevance to Takāful (Cont’d) Enterprise Risk Management Risk Governance Framework\n\n\n13:00 – 14:00\nLunch and Prayer\n\n\n14:00 – 16:00\nSession 9: IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Key elements in the supervisory review process of risk management for Takāful undertakings Systemic Risk Considerations Case Study\n\n\n16:00 – 16:15\nClosing & Certificate Giving Ceremony\n\n\n16:15 – 16:45\nCoffee Break\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00269-ifsb-fis-workshop-series-takaful-nigeria/
LOCATION:Chelsea Hotel\, Mohammadu Buhari Way\, Abuja\, Nigeria\, Abuja\, Nigeria
CATEGORIES:Capacity Building
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20160223T090000
DTEND;TZID=UTC:20160226T161500
DTSTAMP:20260404T030132
CREATED:20160222T185514Z
LAST-MODIFIED:20231228T015218Z
UID:12012-1456218000-1456503300@www.ifsb.org
SUMMARY:IFSB-FIS Workshop Series - Banking (Nigeria)
DESCRIPTION:This 4-day workshop is tailored for the Regulatory and Supervisory Authorities and the market players for the banking sector. The workshop will discuss the following IFSB Standards:\n\n 	IFSB-15: Revised Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS)\n 	IFSB-16: Revised Guidance on Key Elements in the Supervisory Review Process of IIFS \n\nOverall\, this Workshop aims to:\n\n\n 	Enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;\n\n 	Assist the participants in the practical application of issues addressed in the particular standards through case studies\, hands-on exercises and other interactive tools; and\n\n 	Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles. \n\n\nThis Workshop is hosted by the Central Bank of Nigeria and participation in this Workshop is by INVITATION only. For queries\, please contact the IFSB Secretariat\, Mr. Hamizi Hamzah at hamizi@ifsb.org.\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n23/02/2016\n09:00 – 09:30\nRegistration\n\n\n09:30 – 09:45\nOpening Session\n\n\n09:45 – 11:00\nSession 1: IFSB-15: Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services (IIFS) Components of Capital Capital Conservation Buffer Countercyclical Buffer Case Study on Components of Capital for IIFS\n\n\n11:00 – 11:30\nGroup Photo and Coffee Break\n\n\n11:30 – 13:00\nSession 2: IFSB-15: Revised Capital Adequacy Standard for IIFS – Continued Leverage Ratio Domestic Systemically Important Banks Group Exercise on Leverage Ratio Case Study on Countercyclical Buffer\n\n\n13:00 – 14:00\nLunch and Prayer\n\n\n14:00 – 16:00\nSession 3: IFSB-15: Revised Capital Adequacy Standard for IIFS – Continued Credit Risk Weights for Various Counterparties Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Past Due Receivables & Other Assets\n\n\n16:00 – 16:15\nCoffee Break\n\n\nDay 2\n24/02/2016\n09:00 – 09:30\nRegistration\n\n\n09:30 – 11:00\nSession 4: IFSB-15: Revised Capital Adequacy Standard for IIFS – Continued Credit Risk Mitigation Credit Risk Mitigation Techniques Commonly Used by IIFS Credit Risk Mitigation Approaches Recognition of Ratings by External Credit Assessment Institution\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 5: IFSB-15: Revised Capital Adequacy Standard for IIFS – Continued Understanding Market Risk in Islamic Finance Policies and Procedures for the Management of Market risk Guidance on Valuation Practices Group Exercise\n\n\n13:00 – 14:00\nLunch and Prayer\n\n\n14:00 – 16:00\nSession 6: IFSB-15: Revised Capital Adequacy Standard for IIFS – Continued Understanding Operational Risk in Islamic Finance Measuring Operational Risks Sharī`ah Non-compliance Risk Group Exercise\n\n\n16:00 – 16:15\nCoffee Break\n\n\nDay 3\n25/02/2016\n09:00 – 09:30\nRegistration\n\n\n09:30 – 11:00\nSession 7: IFSB-15: Revised Capital Adequacy Standard for IIFS – Continued Current Regulatory Environment of Real Estate Activities Supervision of Real Estate Activities Features of Sukūk and Securitisation Securitisation Process for Sukūk Structuring\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 8: IFSB-15: Revised Capital Adequacy Standard for IIFS – Continued Capital Requirements for Sukūk Holdings of Sukūk by IIFS (IIFS investor) Retained Securitisation Exposure (IIFS originator) Case Studies\n\n\n13:00 – 14:00\nLunch and Prayer\n\n\n14:00 – 16:00\nSession 9: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS – Continued Supervisory Preconditions\, Criteria and Approaches for Effective Supervision of IIFS Key Elements in the Supervisory Review Process of IIFS Regulatory Capital Requirements Treatment of Investment Account Holders (IAH) and Displaced Commercial Risk\n\n\n16:00 – 16:15\nCoffee Break\n\n\nDay 4\n26/02/2016\n08:00 – 08:30\nRegistration\n\n\n08:30 – 10:00\nSession 10: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS – Continued Internal Capital Adequacy Assessment Process Islamic Windows Operations Assessment of Additional Issues Supervisory Transparency and Accountability\n\n\n10:00 – 10:30\nCoffee Break\n\n\n10:30 – 12:00\nSession 11: IFSB-15: Revised Capital Adequacy Standard for IIFS – Continued Governance and Risk Management Transparency and Market Discipline Consolidated and Home-host Supervision Case Study\n\n\n12:00 – 12:30\nClosing & Certificate Giving Ceremony\n\n\n12:30 – 14:00\nLunch and Prayer\n\n\n\nDownloadable Document(s)\n\n\n\n1.)\n\nEvent Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00267-ifsb-fis-workshop-series-banking-nigeria-2/
LOCATION:Chelsea Hotel Abuja\, abuja\, Nigeria
CATEGORIES:Capacity Building
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20160128T090000
DTEND;TZID=UTC:20160128T123000
DTSTAMP:20260404T030132
CREATED:20160127T231838Z
LAST-MODIFIED:20231228T015225Z
UID:11700-1453971600-1453984200@www.ifsb.org
SUMMARY:IFSB Industry Engagement Session: Global Outlook of Islamic Finance
DESCRIPTION:The IFSB Industry Engagement Session is an initiative by the Secretariat to provide an interactive platform for communication between the key players of the Islamic financial services industry (IFSI)\, from among the IFSB member and non-member organisations\, and the IFSB Secretariat.\n\nFor any queries\, please contact Mr. Ifran Tarmizi at ifran@ifsb.org\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n28/01/2016\n09:00 – 09:50\nNetworking Coffee\n\n\n10:00 – 10:10\nOpening Remarks\n\n\n10:10 – 10:30\nGlobal Outlook of Islamic Finance: Stabilty\, Resilience and The Role of The IFSB\n\n\n10:30 – 10:50\nStakeholders Engagement in Supporting The Islamic Financial Services Industry’s Sound Development\n\n\n10:50 – 11:30\nInteractive Session\n\n\n11:30 – 12:30\nLunch\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00273-ifsb-industry-engagement-session-global-outlook-of-islamic-finance/
LOCATION:Multi Purpose Hall\, Level 3\, Lanai Kijang\, Bank Negara Malaysia\, Malaysia
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20160110T083000
DTEND;TZID=UTC:20160110T173000
DTSTAMP:20260404T030132
CREATED:20160109T232146Z
LAST-MODIFIED:20231228T015240Z
UID:11705-1452414600-1452447000@www.ifsb.org
SUMMARY:Roundtable Discussion : IFSB Exposure Draft on Guiding Principles for Retakaful (Islamic Reinsurance) and Meet the Members & Industry Engagement Session
DESCRIPTION:The Roundtable Discussion : IFSB Exposure Draft on Guiding Principles for Retakāful (Islamic Reinsurance) was held on 10 January 2016\, in Manama\, Bahrain\, which was hosted by the Central Bank of Bahrain.\n\nThe IFSB has issued an Exposure Draft\, ED-18: Guiding Principles for Retakāful (Islamic Reinsurance) on 5 November 2015 for public consultation\, aimed to provide the regulatory and supervisory authorities (RSAs) and market players of the Takāful industry guidance relating to Retakāful. ED-18 identifies and sets forth a set of basic principles and best practices pertaining to Retakāful activities of both Takāful and Retakāful Operators (TOs and RTOs).\n\nThis Roundtable aimed to invite greater engagement and garner feedback and comments from key industry stakeholders on the Exposure Draft prior to its final submission to the IFSB Council.\n\nThe Roundtable also saw active involvement from the key industry stakeholders\, acted as chairperson and speakers for the Roundtable as well as 28 registered participants from among the IFSB member and non-member organisations.\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n10/01/2016\nIFSB MEET THE MEMBERS AND INDUSTRY ENGAGEMENT SESSION\n\n(VENUE: AMBASSADOR ROOM (MEZZANINE FLOOR)\n\nROUNDTABLE DISCUSSION : IFSB EXPOSURE DRAFT ON GUIDING PRINCIPLES FOR RETAKāFUL (ISLAMIC REINSURANCE)\n\nVENUE : AL RIFAA BALLROOM (GROUND FLOOR)\n\n\n08:30 – 09:00\nRegistration\n\n\n09:00 – 10:10\nIFSB MEET THE MEMBERS AND INDUSTRY ENGAGEMENT SESSION\n\n\n10:10 – 10:30\nCoffee Break & Networking Session\n\n\n10:30 – 15:30\nROUNDTABLE DISCUSSION : IFSB EXPOSURE DRAFT ON GUIDING PRINCIPLES FOR RETAKĀFUL (ISLAMIC REINSURANCE)\n\n\n10:30 – 10:45\nOpening Remarks\n\n\n10:45 – 11:10\nPresentation on the Exposure Draft of the Guiding Principles for Retakāful\n\n\n11:10 – 11:30\nSession 1: Understanding Retakāful and Its Underlying Contracts (Introduction to Retakāful\, the Concept and the Principal Structures) Introduction to Retakāful\, the Concept and the Principal Structures\n\n\n11:30 – 11:50\nSession 1: Understanding Retakāful and Its Underlying Contracts (Retakāful Core Principles\, Categorisation\, and Special Issues) Retakāful Core Principles\, Categorisation\, and Special Issues\n\n\n11:50 – 11:30\nSession 1: Understanding Retakāful and Its Underlying Contracts Open Discussion\n\n\n12:30 – 13:30\nLunch & Prayers\n\n\n13:30 – 13:50\nSession 2: The Guiding Principles for Retakāful (Principle I: Governance of Retakāful Undertakings & Principle II: Compliance with Sharī`ah Principles) Principle I: Governance of Retakāful Undertakings Principle II: Compliance with Sharī`ah Principles\n\n\n13:50 – 14:10\nSession 2: The Guiding Principles for Retakāful (Principle III: Prudential Framework\, Principle IV: Transparency and Disclosure & Principle V: Supervisory Principle III: Prudential Framework Principle IV: Transparency and Disclosure Principle V: Supervisory\n\n\n14:10 – 14:50\nSession 2: The Guiding Principles for Retakāful Open Discussion\n\n\n14:50 – 15:00\nChairman’s Summary\n\n\n15:00 – 15:30\nCoffee Break End of Roundtable Discussion\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00268-roundtable-discussion-ifsb-exposure-draft-on-guiding-principles-for-retakaful-islamic-reinsurance-and-meet-the-members-industry-engagement-session/
LOCATION:InterContinental Regency Bahrain\, Manama\, Bahrain
CATEGORIES:Awareness Programme
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END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20151208T143000
DTEND;TZID=UTC:20151208T163000
DTSTAMP:20260404T030132
CREATED:20151207T232850Z
LAST-MODIFIED:20231228T015249Z
UID:11720-1449585000-1449592200@www.ifsb.org
SUMMARY:12th Islamic Financial Stability Forum :Promoting Consistency in the Implementation of Prudential Standards
DESCRIPTION:The IFSB organised its 12th Islamic Financial Stability Forum (12th IFSF) on 8 December 2015\, in Jeddah\, Saudi Arabia.\n\nThe 12th IFSF was held in conjunction with the 27th Council Meeting of the IFSB\, hosted by the Islamic Development Bank.\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n08/12/2015\n14:30 – 14:40\nChairman’s Remarks H.E. Agus D.W. Martowardojo\, Governor\, Bank Indonesia\n\n\n14:40 – 15:40\nPresentation on Promoting Consistency in the Implementation of Prudential Standards Speaker: Mr. Marc Farag\, Member of Basel Committee on Banking Supervision Secretariat (MPhil)\, Basel Committee on Banking Supervision Discussants: 1. Mr. Mohd Zabidi Md Nor\, Director of Prudential Policy Department\, Bank Negara Malaysia 2. Mr. Suliman Aljabrin\, Banking Supervisor\, Saudi Arabian Monetary Agency\n\n\n15:40 – 16:00\nDiscussion and Q&A Session\n\n\n16:00 – 16:30\nCoffee and Networking Break End of Forum\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00310-12th-islamic-financial-stability-forum-promoting-consistency-in-the-implementation-of-prudential-standards/
LOCATION:Jeddah\, Jeddah\, Saudi Arabia\, Saudi Arabia
CATEGORIES:Awareness Programme
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END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20151208T093000
DTEND;TZID=UTC:20151208T163000
DTSTAMP:20260404T030132
CREATED:20151207T232418Z
LAST-MODIFIED:20231228T015257Z
UID:11713-1449567000-1449592200@www.ifsb.org
SUMMARY:27th Meeting of the Council of the IFSB (For Full Members only) and 12th Islamic Financial Stability Forum (by invitation only)
DESCRIPTION:The 27th Meeting of the Council of the IFSB and 12th Islamic Financial Stability Forum are hosted by the Islamic Development Bank.\n\nThese meetings are by invitation only. For more information on the meetings\, please email the following Secretariat in charge:\n\n1) Council Meeting – Ms. Nur Khairun Nissa Md Zawawi\, email : khairun.nissa@ifsb.org\n\n2) Islamic Financial Stability Forum – Ms. Yazmin Aziz\, email : yazmin@ifsb.org\n\nProgramme – Event Session(s)\n\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n08/12/2015\n09:30 – 13:00\n27th Meeting of the Council of the IFSB\n\n\n14:30 – 16:30\n12th Islamic Financial Stability Forum Theme: Promoting Consistency in the Implementation of Prudential Standards The Islamic Finance and Global Financial Stability Report (IFSB-IRTI\, 2010)\, drew attention to the importance of not only accelerating effective implementation of prudential standards to promote and enhance the soundness and stability of the Islamic financial services industry\, but also to contributing towards the consistent development of Islamic finance across jurisdictions. The Core Principles for Islamic Financial Regulation for the banking segment (CPIFR) issued by the IFSB in April 2015 has facilitated a step towards this harmonisation and consistency in the implementation of prudential frameworks across countries\, by providing a framework for assessment of the regulatory and supervisory framework of the banking sector. The IFSB’s current strategy focuses on promoting the implementation through workshops under the Facilitating the Implementation of Standards (FIS) Initiatives and Implementation Surveys\, both of which have contributed substantially towards enhancing the IFSB’s ability to assist RSAs seeking to strengthen their regulatory and supervisory framework for Islamic finance. The IFSB efforts are in line with the practice of other global standard-setting bodies\, who are taking steps to not only track the implementation of their standards\, but to also review the consistency in such implementation across various jurisdictions. The Basel Committee on Banking Supervision (BCBS)\, for example\, adopted a Regulatory Consistency Assessment Programme (RCAP) in 2012\, noting the importance of consistency in the adoption and implementation of prudential standards in enhancing the resilience of the banking system\, improving public confidence in prudential ratios and developing a transparent regulatory environment that promotes a level playing field. The programme is a central element of the BCBS’s continuous efforts to monitor the implementation and timely adoption of the Basel III standards\, ensuring consistency of the adopted regulations\, as well as evaluating the quality and comparability of regulatory outcomes. The RCAP promotes consistent adoption of the Basel framework by helping member jurisdictions identify domestic regulations that are not in line with the letter and spirit of the relevant Basel standards\, weigh the materiality of any such deviations and undertake reforms where necessary. The European Banking Authority (EBA)\, also works to ensure effective and consistent implementation of prudential regulation and supervision in EU countries. It introduced a European Single Rulebook in banking for the purpose of providing a set of harmonised prudential rules for financial institutions throughout the EU\, to ensure uniform application of its rules across Member States which serves to close any regulatory loopholes that may arise from differences in prudential frameworks. The EBA thus plays an important role in promoting convergence of supervisory practices in the EU banking sector by identifying any material differences in the practices and formulate necessary policy solutions to enhance convergence between banks. The IMF Staff Discussion Note on Islamic Finance (May 2015) has observed that in Islamic finance jurisdictions\, the application of standards is not uniform across countries\, which brings to the fore concerns that it may encourage growth in a manner that gives rise to systemic vulnerabilities. It also underlined the importance of seeking greater harmonisation\, both across and within countries\, through better implementation of existing standards for Sharī`ah governance. Against this background\, a natural step forward in furthering the current implementation programme of the IFSB to focus on greater consistency in the adoption of its standards for regulation and supervision of institutions offering Islamic financial services. The 12th Islamic Financial Stability Forum will seek to examine the experiences of the other international agencies to promote and assess the consistency of the implementation of prudential standards\, and identify opportunities and direction for future work in the Islamic Financial Services Industry to encourage consistency across Islamic finance jurisdictions.\n\n\n14:30 – 14:40\nChairman’s Remarks\n\n\n14:40 – 15:00\nPresentation on Promoting Consistency in the Implementation of Prudential Standards Speaker: Mr. Marc Farag\, Member of Basel Committee on Banking Supervision Secretariat\, Basel Committee on Banking Supervision\n\n\n15:00 – 15:40\nDiscussion Discussants: Mr. Mohd Zabidi Md Nor\, Director of Prudential Policy Department\, Bank Negara Malaysia Mr. Suliman Aljabrin\, Banking Supervisor\, Saudi Arabian Monetary Agency\n\n\n15:40 – 16:00\nQ&A Session\n\n\n16:00 – 16:30\nCoffee Break & Networking\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format\n\n\n\n 
URL:https://www.ifsb.org/event/eve00264-27th-meeting-of-the-council-of-the-ifsb-for-full-members-only-and-12th-islamic-financial-stability-forum-by-invitation-only/
LOCATION:–\, Bali\, Indonesia
CATEGORIES:Awareness Programme
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END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20151201T000000
DTEND;TZID=UTC:20151202T000000
DTSTAMP:20260404T030132
CREATED:20231106T183434Z
LAST-MODIFIED:20231227T084931Z
UID:11723-1448928000-1449014400@www.ifsb.org
SUMMARY:IFSB-INCEIF Executive Forum - Resilience and Stability of the Islamic Financial Services Industry: Opportunities and Challenges Ahead
DESCRIPTION:Against the backdrop of the slow global economic recovery in the past years\, and continued turmoil in the financial markets\, the 8th IFSB-INCEIF Executive Forum focuses on key issues affecting the Islamic Financial Services Industry’s (IFSI) stability along with the strategic approaches needed to ensure that the IFSI is able to achieve a level of resilience that withstands the impact of financial turbulence. \nThe theme of the 8th edition of the IFSB-INCEIF Executive Forum series – “Resilience and Stability of the Islamic Financial Services Industry: Opportunities and Challenges Ahead” – intends to discuss this important topic that affects not only national economies and financial institutions\, but also ordinary investors and tax payers. More specifically\, the forum aims to cover the following areas: \n\n\n 	Updates on the trends and developments in the various segments of the industry – Islamic banking\, Islamic capital markets as well as Takāful;\n 	Initiatives undertaken by the regulators and international standard setting organisations to further strengthen the resilience and stability of the financial institutions and markets; and\n 	Emerging issues in the stability of the IFSI\, including among others: consumer protection\, Sharī’ah-compliant safety nets and cross-border linkages.\n\nThis 8th Edition of the IFSB-INCEIF Executive Forum will serve as a platform for discussion (through panel sessions\, group discussion\, and practical case studies) between the participants and the speakers who are global leaders from amongst market players\, regulators and academia. \nThe two full-day Forum will be divided into seven sessions\, which are: \n\n\n 	Development of the Global IFSI\n 	Effective Macro-prudential Policies\n 	Strengthening Protection of the Financial Sector\n 	Sharī’ah-compliant Lender of Last Resort (LOLR)\n 	Takāful: Unlocking the Potential and Supporting Stability\n 	Islamic Capital Markets (ICM): Achieving a Rigorous and Robust Regulatory Framework; and\n 	Panel Discussion on Fostering Global Linkages and Cross-border Potentials Towards Enhancing Resilience and Stability\n\nTo date\, the following speakers are confirmed to speak at the Forum: \n\n\n 	Mr. Takashi Hamano\, Assistant Commissioner for International Affairs\, Financial Services Agency\, Japan\n 	Dr. Magda Elsayed Kandil\, Chief Economist\, Research and Statistics Department\, Central Bank of United Arab Emirates\n 	Ms. Che Zakiah Che Din\, Director\, Financial Conglomerate Supervision Department\, Bank Negara Malaysia\n 	Mr. Rafiz Azuan Abdullah\, Executive General Manager\, Malaysia Deposit Insurance Corporation\n 	Mr. Ritesh Maheshwari\, Managing Director & Lead Analytical Manager\, Financial Services Ratings\, Standard & Poor’s Ratings Services\, Singapore\n 	Mr. Shamsun Anwar Hussain\, Managing Director\, Business Management Office\, CIMB Islamic Bank\, Malaysia\n 	Assoc. Prof. Dr. Younes Soualhi\, Chairman\, Sharī`ah Committee\, HSBC Amanah Malaysia Berhad\, Malaysia\n 	Tuan Syed Alwi Mohd Sultan\, Executive Vice President\, Corporate Services\, Bank Muamalat Malaysia Berhad\n 	Mr. Hassan Scott Odierno\, Partner\, Actuarial Partners Consulting Sdn Bhd\, Malaysia\n 	Mr. Syed Faiq Najeeb\, Member of the Secretariat\, Technical and Research\, Islamic Financial Services Board\, Malaysia\n\nFor more information on this Executive Forum\, please email Mr. Hamizi Hamzah at hamizi@ifsb.org \nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n01/12/2015\n08:30 – 09:30\nMorning Coffee and Registration\n\n\n09:30 – 09:45\nOpening and Welcoming Remarks\n\n\n09:45 – 11:00\nDevelopments in the Global Islamic Financial Services Industry (IFSI) towards Promoting Financial Stability Overview of the development of the Islamic Financial Services Industry Future prospects and current challenges Policy recommendations to enhance growth and stability\n\n\n11:00 – 11:30\nGroup Photo and Coffee Break\n\n\n11:30 – 13:00\nFinancial Stability Framework: Motivations for Effective Macro-prudential Policies Emerging Practices\, Initiatives and Trends in the Macro-prudential Policies of institutions offering Islamic financial services (IIFS) Systemic Risks and Countercyclical Issues: A Need for Additional Policies Capital Buffers and Leverage Ratio of IIFS: Fundamental Factors in Financial Stability\n\n\n13:00 – 14:00\nLunch and Prayers\n\n\n14:00 – 15:30\nSafety Nets: Strengthening Protection of the Financial Sector The Rights of Profit-sharing Investment Account (PSIA) Holders under the Sharī`ah-compliant Deposit Insurance Preserving Rights of the Consumers and Policy-holders via Sharī`ah-compliant Deposit Insurance Schemes: Contemporary Issues and Challenges Promoting Sound Crisis Management Policies and Procedures\n\n\n15:30 – 16:00\nCoffee Break\n\n\n16:00 – 17:30\nSharī’ah-compliant Lender of Last Resort (LOLR): The Role of Central Banks and Monetary Authorities Main Impediments to the Development of Infrastructure and Instruments for Sharī’ah-compliant LOLR Facilities and Emergency Financing Mechanisms Required Criteria of Instruments for Use in Sharī’ah-compliant LOLR Facilities Cross-border Sharī’ah-compliant LOLR facilities\n\n\nDay 2\n02/12/2015\n08:30 – 09:30\nMorning Coffee\n\n\n09:30 – 11:00\nTakāful: Unlocking the Potential and Supporting Stability Takāful Industry Perception and Penetration Challenges Utilising MicroTakāful Coverage for Social Protection The Way Forward for Growth\, Investment and Regulation in the Takāful sector\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nIslamic Capital Markets (ICM): Achieving a Rigorous and Robust Regulatory Framework Interlinkages Between Global Financial Market and ICM Enhancing the Current Legal and Regulatory Frameworks for ICM Promoting Confidence and Soundness in the ICM: Policy Implication\n\n\n13:00 – 14:00\nLunch and Prayers\n\n\n14:00 – 16:00\nPanel Discussion on Fostering Global Linkages and Cross-border Potentials Towards Enhancing Resilience and Stability Home and Host Supervision and Cross-border Resolutions A Need for a Robust Supervision of Global Cross-border ICM Instruments Integrating Cross-border Takāful Business\n\n\n16:00 – 16:30\nClosing & Certificate Giving Ceremony\n\n\n16:30 – 17:00\nCoffee Break\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format\n\n\n2.)\n\nBrochure – 8th IFSB-INCEIF Executive Forum\n\n\n3.)\n\nHotel – Hilton Kuala Lumpur – Rates\n\n\n4.)\n\nHotel – Lanai Kijang – Rates\n\n\n5.)\n\nHotel Majestic Kuala Lumpur – Rates and Reservation Form\n\n\n6.)\n\nJW Marriott Kuala Lumpur – Rates and Reservation Form\n\n\n7.)\n\nPacific Regency Hotel & Suites – Rates
URL:https://www.ifsb.org/event/eve00263-ifsb-inceif-executive-forum-resilience-and-stability-of-the-islamic-financial-services-industry-opportunities-and-challenges-ahead/
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20151130T090000
DTEND;TZID=UTC:20151130T110000
DTSTAMP:20260404T030132
CREATED:20151129T233843Z
LAST-MODIFIED:20231228T015305Z
UID:11734-1448874000-1448881200@www.ifsb.org
SUMMARY:The IFSB Public Hearing on Exposure Draft 18 - Guiding Principles for Retakaful (Islamic Reinsurance)
DESCRIPTION:In line with the IFSB due process for the development of Standards and Guiding Principles\, a Public Hearing will be held for the Exposure Draft 18 – Guiding Principles for Retakaful (Islamic Reinsurance).\n\nFor more information on the Public Hearing\, please email to Ms. Nazarina Abdul Majid at nazarina@ifsb.org\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n30/11/2015\n09:00 – 09:30\nRegistration\n\n\n09:30 – 09:35\nOpening Remarks by Assistant Secretary – General of the IFSB\n\n\n09:35 – 10:25\nPresentation by the Project Manager\n\n\n10:25 – 11:00\nQuestions and Answers\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00265-the-ifsb-public-hearing-on-exposure-draft-18-guiding-principles-for-retakaful-islamic-reinsurance/
LOCATION:Training Room 3.3 & 3.4\, Sasana Kijang \, Bank Negara Malaysia\, Kuala Lumpur\, Malaysia.\, Kuala Lumpur\, Malaysia
CATEGORIES:Awareness Programme
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END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20151116T090000
DTEND;TZID=UTC:20151120T161500
DTSTAMP:20260404T030132
CREATED:20151115T233847Z
LAST-MODIFIED:20231228T015314Z
UID:11735-1447664400-1448036100@www.ifsb.org
SUMMARY:IFSB-FIS Workshop on IFSB Standards for Regulatory and Supervisory Authorities for the Banking Sector
DESCRIPTION:This 5-day Workshop is tailored for the Regulatory and Supervisory Authorities for the banking sector. The major focus of the Workshop will be on the most recent Guiding Principles which address the new global regulatory requirements for the supervisory review process and for liquidity management. The workshop will discuss the following IFSB Standards: \n\n 	IFSB-16 : Revised Guidance on Key Elements In The Supervisory Review Process of IIFS\n 	GN-6   : Guidance Note on Quantitative Measures for Liquidity Risk Management in IIFS\n 	IFSB-10 : Guiding Principles on Sharī`ah Governance Systems for IIFS\n\nOverall\, this Workshop aims to:\n\n 	Enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;\n\n 	Assist the participants in practical application of issues addressed in the particular standards through case studies\, hands-on exercises and other interactive tools; and\n 	Promote the sharing of experiences among regulators and supervisors on the implementation of respective IFSB Standards and Guiding Principles. \n\nParticipation in this Workshop is by INVITATION only. For queries\, please contact the IFSB Secretariat\, Mr. Hamizi Hamzah at hamizi@ifsb.org.\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n16/11/2015\n\nIFSB-16: REVISED GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS\n\n\n09:00 – 09:30\nRegistration\n\n\n09:30 – 09:45\nOpening Session\n\n\n09:45 – 11:15\nSession 1: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Necessary Preconditions for Effective Supervision Criteria for Classifying the Institution as an IIFS or Window Additional Considerations in the Issuance of an IIFS License Supervisory Approaches in the Supervision of IIFS\n\n\n11:15 – 11:30\nGroup Photo and Coffee Break\n\n\n11:30 – 13:00\nSession 2: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Regulatory Capital Requirements Guidance on the Slotting Method Treatment of IAH and Displaced Commercial Risk Advanced Approaches and Supervisory Discretion\n\n\n13:00 – 14:00\nLunch and Prayer\n\n\n14:00 – 16:00\nSession 3: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Internal Capital Adequacy Assessment Process (ICAAP) ICAAP Framework for IIFS Supervisory Review Process in ICAAP Case Study\n\n\n16:00 – 16:15\nCoffee Break\n\n\nDay 2\n17/11/2015\n\nIFSB-16: REVISED GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS\n\n\n09:30 – 11:00\nSession 4: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Governance and Risk Management Sharī`ah Governance Risk Management and Risk Management Process Enterprise-wide Risk Management Framework\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 5: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Related Party Transactions Risk Management Framework for Securitisation Supervisory Review for Securitisation and Specificities of IIFS SPEs and Key Considerations in the Supervisory Review Process Case Study\n\n\n13:00 – 14:00\nLunch and Prayer\n\n\n14:00 – 16:00\nSession 6: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Transparency and Market Discipline Consolidated and Cross-sector Supervision Home-host Cooperation and Structures of Cooperation Case Study\n\n\n16:00 – 16:15\nCoffee Break\n\n\nDay 3\n18/11/2015\n\nIFSB-16: REVISED GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS\n\n\n09:30 – 11:00\nSession 7: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Internal Controls of the Islamic Window Operations Regulatory Capital Requirement for the Islamic Window Operations Disclosure Requirements for the Islamic Window Operations Case Study\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 8: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Supervisory Review for Credit Concentration Risk Concentration Limits for Real Estate Investment Assessment of Rate of Return Risk in the Banking Book Counterparty Credit Risk Case Study\n\n\n13:00 – 14:00\nLunch and Prayer\n\n\n14:00 – 16:00\nSession 9: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Liquidity Risk Management and Supervision Sound Stress Testing Practices Sharī`ah-compliant Hedging Techniques Supervisory Transparency and Accountability\n\n\n16:00 – 16:15\nCoffee Break\n\n\nDay 4\n19/11/2015\n\nGN-6: GUIDANCE NOTE ON QUANTITATIVE MEASURES FOR LIQUIDITY RISK MANAGEMENT\n\n\n09:30 – 11:00\nSession 10: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management Application of the LCR in IIFS Definition and Categorisation of High Quality Liquid Assets (HQLA) Operational Considerations for HQLA Infrastructure Issues in the Availability of Sharī`ah-compliant HQLA\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 11: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management Components of Total Net Cash Outflows Formula for Calculating NSFR Available Stable Funding Required Stable Funding Case Study\n\n\n13:00 – 14:00\nLunch and Prayer\n\n\n14:00 – 16:00\nSession 12: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management The Internal Liquidity Adequacy Assessment and Supervisory Liquidity Review Processes Principles for Applying Alternative Liquidity Approaches Disclosure Requirements for LCR and NSFR Case Study\n\n\n16:00 – 16:15\nCoffee Break\n\n\nDay 5\n20/11/2015\nIFSB-10: GUIDING PRINCIPLES ON SHARī`AH GOVERNANCE SYSTEM AND SPECIAL SESSION ON THE GLOBAL DEVELOPMENT\n \n\n\n\n09:30 – 10:30\nSession 13: IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS Sharī`ah Non Compliance Risk Sharī`ah Governance System Components of Sharī`ah Governance Case Study\n\n\n10:30 – 10:45\nCoffee Break\n\n\n10:45 – 12:00\nSession 14: Special Session on Recent Developments in Supervisory Review Process Framework and Liquidity Risk Management at the Global Level\n\n\n12:00 – 12:15\nClosing & Certificate Giving Ceremony\n\n\n12:15 – 14:30\nLunch and Prayer\n\n\n\nDownloadable Document(s)\n\n\n\n1.)\n\nEvent Session(s) – PDF Format\n\n\n2.)\n\nHotel – Hilton Kuala Lumpur – Rates\n\n\n3.)\n\nHotel – JW Marriott Kuala Lumpur – Rates and Reservation Form\n\n\n4.)\n\nHotel – Lanai Kijang – Rates and Reservation Form\n\n\n5.)\n\nHotel Majestic Kuala Lumpur – Rates and Reservation Form
URL:https://www.ifsb.org/event/eve00247-ifsb-fis-workshop-on-ifsb-standards-for-regulatory-and-supervisory-authorities-for-the-banking-sector/
LOCATION:Training Room 3.1 & 3.2\, Sasana Kijang\, Bank Negara Malaysia\, Kuala Lumpur\, Malaysia
CATEGORIES:Capacity Building
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END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20151110
DTEND;VALUE=DATE:20151113
DTSTAMP:20260404T030132
CREATED:20151109T234114Z
LAST-MODIFIED:20231228T015324Z
UID:11740-1447113600-1447372799@www.ifsb.org
SUMMARY:IFSB - IMF Seminar on Islamic Finance
DESCRIPTION:This Seminar on Islamic Finance is coorganised by the IFSB and the International Monetary Fund (IMF).\n\nParticipation in this Seminar is by Invitation only.\n\nFor queries\, please contact the IFSB Secretariat: Ms Yazmin Aziz at yazmin@ifsb.org.
URL:https://www.ifsb.org/event/eve00259-ifsb-imf-seminar-on-islamic-finance/
LOCATION:IMF Headquarters\, Washington D.C.\, United States
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20151105T080000
DTEND;TZID=UTC:20151105T173000
DTSTAMP:20260404T030132
CREATED:20151104T234403Z
LAST-MODIFIED:20231228T015332Z
UID:11745-1446710400-1446744600@www.ifsb.org
SUMMARY:IFSB-ISRA Shariah Roundtable: Financial Safety Nets: Striking a Balance between Shariah Requirements and the Soundness of the Islamic Financial System
DESCRIPTION:The Shariah Roundtable is jointly organised by the IFSB and International Shariah Research Academy for Islamic Finance (ISRA). The theme will be Financial Safety Nets: Striking a Balance between Shariah Requirements and the Soundness of the Islamic Financial System.\n\nThe Roundtable will be held in Arabic languange with simultaneous translation.\n\nThe Roundtable is by INVITATION only. For queries\, please contact the IFSB Secretariat\, Mrs. Ida Shafinaz Ab. Malek at ida.shafinaz@ifsb.org\n\nEvent Snapshots\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe IFSB and International Sharī`ah Research Academy for Islamic Finance (ISRA) jointly organised the IFSB-ISRA Sharī`ah Roundtable on 5 November 2015 in Kuala Lumpur\, Malaysia.\n\nThemed “Financial Safety Nets: Striking a Balance between Sharī`ah Requirements and the Soundness of the Islamic Financial System”\, the Roundtable aimed to provide an avenue for intellectual discourse between the Sharī`ah scholars and other stakeholders of the industry on devising solutions for various components of financial safety net that are both practical and Sharī`ah-compliant.\n\nThe Roundtable began with opening speeches by Mr. Jaseem Ahmed\, Secretary-General\, IFSB and Prof. Dr. Mohamad Akram Laldin\, Executive Director\, ISRA\, followed by a presentation on An Overview of the IFSB by Dr. Sherif Ayoub\, Assistant Secretary-General\, IFSB.\n\nTo set the tone for the Roundtable discussions\, the IFSB presented two working papers on\, i) Strengthening the Financial Safety Net: The Role of Sharī`ah-compliant Lender-of Last-Resort (SLOLR) Facilities as an Emergency Financing Mechanism and ii) Strengthening the Financial Safety Net: The Role and Mechanisms of Sharī`ah-compliant Deposit Insurance Schemes which corresponded to the two topics discussed. The presentations were delivered by Mr. Jamshaid Anwar Chattha\, Chief Financial Analyst\, Central Bank of Kuwait and Mr. Syed Faiq Najeeb\, Member of the Secretariat\, IFSB\, respectively.\n\nThe Roundtable saw participations from Sharī`ah scholars as session chairs and speakers as well as participants. Among the Sharī`ah scholars who participated in the Roundtable were Sheikh Dr. Ali Muhyi Aldin Ali Al Quradaghi\, Sheikh Prof. Dr. Mohamed Ali Elgari\, Sheikh Dr. Nizam Yaquby and Sheikh Dr. Oni Sahrani.\n\nEleven chairpersons\, speakers and discussants from among senior financial sector supervisors and Sharī`ah scholars discussed the following issues at the Roundtable:-\n\n 	Lender of Last Resort Facilities – Structuring Sharī`ah-Compliant Instruments and Mechanisms\n 	Sharī`ah-compliant Structures for a Deposit Insurance Scheme\n\nOver 90 delegates among the IFSB member and non-member organisations – representatives from regulatory bodies\, market players\, international agencies as well as academia and students attended the Roundtable.\n\nThe papers presented at the Roundtable and ensuing discussions are planned to be published in a joint IFSB-ISRA publication in 2016.\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n05/11/2015\n08:00 – 09:00\nRegistration\n\n\n09:00 – 09:15\nOpening Addresses\n\n\n09:15 – 09:30\nOverview of the IFSB\n\n\n09:30 – 09:45\nPresentation on Strengthening the Financial Safety Net: The Role of Shari`ah-compliant Lender-of Last-Resort (SLOLR) Facilities as an Emergency Financing Mechanism\n\n\n09:45 – 12:40\nSession 1 – Lender of Last Resort Facilities – Structuring Sharī`ah-Compliant Instruments and Mechanisms This session will discuss the Sharī`ah-compliant instruments and mechanisms of the lender of last resort facilities that can allow the supervisory authorities to provide liquidity support to institutions offering Islamic financial services (IIFS) in normal and stressed times. The Session will also review the current Sharī`ah-compliant lender of last resort instruments that are being implemented in various jurisdictions\, and discuss alternative mechanisms that can be introduced to increase the options available to the IIFS.\n\n\n12:40 – 14:00\nLunch and Prayers\n\n\n14:00 – 14:15\nPresentation on Strengthening the Financial Safety Net: The Role and Mechanisms of Shari’ah-Compliant Deposit Insurance Schemes (SCDIS)\n\n\n14:15 – 16:40\nSession 2 – Sharī`ah-Compliant Structures for a Deposit Insurance Scheme This session will examine the concept of deposit insurance and its relevance to the objective of protecting the fund providers of IIFS. The speakers will investigate the current and potential structures for devising a Sharī`ah-compliant deposit insurance scheme and relevant issues from legal and Sharī`ah perspectives.\n\n\n16:40 – 17:00\nCoffee break\n\n\n17:00 – 17:30\nChairmen’s Summary\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format\n\n\n2.)\n\nIFSB-ISRA Shariah Roundtable
URL:https://www.ifsb.org/event/eve00260-ifsb-isra-shariah-roundtable-financial-safety-nets-striking-a-balance-between-shariah-requirements-and-the-soundness-of-the-islamic-financial-system/
LOCATION:Forum\, Level 1\, Sasana Kijang\, kUALA LUMPUR\, Malaysia
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20151019T090000
DTEND;TZID=UTC:20151021T161500
DTSTAMP:20260404T030132
CREATED:20151018T234559Z
LAST-MODIFIED:20231228T015344Z
UID:11754-1445245200-1445444100@www.ifsb.org
SUMMARY:IFSB-FIS Workshop on IFSB Standards for Regulatory and Supervisory Authorities for the Islamic Capital Market and Takaful Sectors
DESCRIPTION:This Workshop is open to regulatory and supervisory authorities for the Islamic Capital Market and Takaful sectors. It intends to be a Train The Trainer programme for the staff on the IFSB Standards\, and aims to:\n\n \n\n 	\n\n 	Enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;\n\n\n\n \n\n 	\n\n 	Assist the participants in practical application of issues addressed in the particular standards through case studies\, hands-on exercises and other interactive tools; and\n\n\n\n \n\n 	\n\n 	Promote the sharing of experiences among regulators and supervisors on the implementation of respective IFSB Standards and Guiding Principles.\n\n\n\n \n\nMore information will be uploaded in due course.\n\nParticipation in this Workshop is by INVITATION only. For queries\, please contact the IFSB Secretariat\, Mr. Hamizi Hamzah at hamizi@ifsb.org.\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n19/10/2015\n09:00 – 09:30\nMorning Coffee & Registration\n\n\n09:30 – 09:45\nOpening & Welcoming Address\n\n\n09:45 – 11:15\nICM Session 1: Introduction to Islamic Capital Markets Products of Islamic Capital Markets Development Trends in Islamic Capital Markets Contemporary Issues\, Outlook and Challenges\n\n\n09:45 – 11:15\nTakāful Session 1: Introduction to Islamic Finance and Takāful (Islamic Insurance) and IFSB-8: Guiding Principles on Governance for Takāful Undertakings Independence and Integrity of Governance Organs Protection of Rights and Interests of Takāful Participants Appropriate Disclosures to Material and Relevant Information\n\n\n11:15 – 11:30\nGroup Photo and Coffee Break\n\n\n11:30 – 13:00\nICM Session 2: IFSB-6: Governance for Islamic Collective Investment Schemes (ICIS) Scope of ICIS Governance General Governance Approaches of ICIS Transparency and Disclosure\n\n\n11:30 – 13:00\nTakāful Session 2: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Specificities of Solvency Requirements for Takāful Valuation of Assets and Liabilities Total Balance Sheet Approach\n\n\n13:00 – 14:00\nLunch and Prayers\n\n\n14:00 – 16:00\nICM Session 3: IFSB-6: Governance for ICIS Compliance with Sharī`ah Rules and Principles Additional Protection for ICIS Investors Case Studies\n\n\n14:00 – 16:00\nTakāful Session 3: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Solvency Control Levels Criteria for Assessing the Quality and Suitability of Solvency Resources in the Takāful and Shareholders’ Funds Case Studies\n\n\n16:00 – 16:15\nCoffee Break\n\n\nDay 2\n20/10/2015\n09:30 – 11:00\nICM Session 4: IFSB-15: Revised Capital Adequacy Standard for IIFS Features of Sukūk and Securitisation Securitisation Process for Sukūk Structuring Parties in Securitisation Exposures Structure\n\n\n09:30 – 11:00\nTakāful Session 4: IFSB-14: Standard on Risk Management for Takāful Undertakings Specificities of Takāful Undertakings Relevant to Risk Management Risk Arising from Segregation of Funds Risk Relating to The Use of Retakāful\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nICM Session 5: IFSB-15: Revised Capital Adequacy Standard for IIFS Various Types of Sukūk Structuring Capital Requirements for Sukūk Case Studies\n\n\n11:30 – 13:00\nTakāful Session 5: IFSB-14: Standard on Risk Management for Takāful Undertakings Key Elements in the Supervisory Review Process of Risk Management for Takāful Undertakings Systemic Risk Considerations in Takāful Case Studies\n\n\n13:00 – 14:00\nLunch and Prayers\n\n\n14:00 – 16:00\nICM Session 6: Strategies and Policies for Developing a Vibrant ICM: Sharing of Country Experiences\n\n\n14:00 – 16:00\nTakāful Session 6: Strategies and Policies for Developing a Robust Takāful Industry: Sharing of Country Experiences\n\n\n16:00 – 16:15\nCoffee Break\n\n\nDay 3\n21/10/2015\n09:30 – 11:00\nSession 7: IFSB-10: Sharī`ah Governance System An overview of IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS General Governance Approach to Sharī`ah Governance System Requirements on the Competence of Personnel Undertaking the Sharī`ah Governance System\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 8: IFSB-10: Sharī`ah Governance System Recommendations of IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS Criteria for Sound Sharī`ah Governance System Rights of Investment Account Holders (IAH) Case Studies\n\n\n13:00 – 14:00\nLunch and Prayers\n\n\n14:00 – 16:00\nSession 9: IFSB-10: Sharī`ah Governance System Operating Procedures of the Sharī`ah Board Basic Professional Ethics and Conduct for Members of the Sharī`ah Board Case Studies\n\n\n16:00 – 16:15\nClosing & Certificate Giving Ceremony\n\n\n16:15 – 16:30\nCoffee Break\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format\n\n\n2.)\n\nHotel – Hilton Kuala Lumpur – Rates\n\n\n3.)\n\nHotel – JW Marriott Kuala Lumpur – Rates and Reservation Form\n\n\n4.)\n\nHotel – Lanai Kijang – Rates\n\n\n5.)\n\nHotel Majestic Kuala Lumpur – Rates and Reservation Form
URL:https://www.ifsb.org/event/eve00248-ifsb-fis-workshop-on-ifsb-standards-for-regulatory-and-supervisory-authorities-for-the-islamic-capital-market-and-takaful-sectors/
LOCATION:Conference Hall 1.1 and 1.2\, Sasana Kijang\, Bank Negara Malaysia\, KUALA LUMPUR\, Malaysia
CATEGORIES:Capacity Building
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20151005T083000
DTEND;TZID=UTC:20151006T173000
DTSTAMP:20260404T030132
CREATED:20151004T235137Z
LAST-MODIFIED:20231228T015352Z
UID:11765-1444033800-1444152600@www.ifsb.org
SUMMARY:IFSB-BIBF Islamic Finance Executive Programme: Towards a Vibrant Islamic Capital Market: Opportunities and Challenges
DESCRIPTION:The recent decade has witnessed the accelerated development of the Islamic capital market industry\, particularly of the global Sukūk market which is providing a unique platform for fostering greater international economic and financial linkages. The 2nd edition IFSB-BIBF Islamic Finance Executive Programme with the theme “Towards a Vibrant Islamic Capital Market: Opportunities and Challenges” will focus on key areas that are expected to be catalysts in driving the Islamic capital market into the next phase of growth and development from the perspectives of the market practitioners\, regulators and academia. \nThis Islamic Finance Executive Programme aims to promote an informed analysis and understanding of Islamic capital markets through discussions of topical and contemporary issues as well as of prospects and challenges relating to Islamic capital market products and services. The sessions will include analysis and deliberations on current trends and developments of Islamic capital markets as well as a focus on key innovations in Sukūk structures such as perpetual Sukūk\, and prospects for cross-border Sukūk. \nParticipants will be exposed to issues related to the development of new markets\, Islamic Collective Investment Schemes (ICIS)\, Sharī`ah-compliant hedging\, as well as the role of the regulatory and supervisory authorities in ensuring market integrity\, transparency and protection of investors. \nTo date\, the following speakers are confirmed to speak at the Islamic Finance Executive Programme: \n\n\n 	Mr. Farid Abderrezak\, Vice President Structurer\, BNP Paribas\, Bahrain\n 	Mr. Hani Almandeel\, Director\, Marketing & Business Development\, Bahrain Bourse\n 	Mr. Ijlal A. Alvi\, CEO\, International Islamic Financial Market\, Bahrain\n 	Mr. Andri Aidham Badri\, Partner\, Kadir Andri & Partners\, Malaysia\n 	Dr. Mohammed Burhan Arbouna\, Executive Vice President\, Head of Shari`ah Compliance\, Al Salam Bank\, Bahrain\n 	Mr. Bernard Barbour\, Head of Legal\, Compliance & Sharia’a Affairs\, QInvest\, Qatar\n 	Mr. Lilian Le Falher\, Executive Manager\, Treasury\, FI’s & Capital Markets\, KFH Bahrain\n 	Mr. Badlisyah Abdul Ghani\, President\, Chartered Institute of Islamic Finance Professional (CIIF)\, Former CEO\, CIMB Islamic\, Malaysia\n 	Mr. Hani Redha\, Former Head of the Centre for Islamic Finance\, BIBF\, Bahrain\n\nFor more information on this Islamic Finance Executive Programme\, please email Mr. Hamizi Hamzah at hamizi@ifsb.org \nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n05/10/2015\n08:30 – 09:30\nWelcome Coffee and Registration\n\n\n09:30 – 09:45\nWelcoming Remarks\n\n\n09:45 – 11:00\nSession 1: Development of the Islamic Capital Market (ICM): Progress and Trends Overview of the Current Trends in the ICM Enhancing the Development of the ICM Infrastructure Recognising the Potential of the ICM\n\n\n11:00 – 11:30\nGroup Photo and Coffee Break\n\n\n11:30 – 13:00\nSession 2: Innovative Sukūk Structures: A New Path for the Growth of ICM Perpetual Sukūk: A Modern Initiative for Equity-based Capital Prospects for Cross-border Sukūk Sukūk Advancements Proposed in the IFSB-15\n\n\n13:00 – 14:00\nLunch and Prayers\n\n\n14:00 – 15:30\nSession 3: Sharī`ah-compliant Hedging Instruments: Addressing the Market Risk Management Needs of the Industry Hedging as a Risk Management Technique in the Islamic Financial Services Industry Sharī`ah -compliant Hedging Strategies and Tools Regulatory Views on Sharī`ah -compliant Hedging\n\n\n15:30 – 16:00\nCoffee Break\n\n\n16:00 – 17:30\nSession 4: Islamic Real Estate Investment Trusts (I-REITs): An Emerging Asset Class for Wealth Management Analysing the Performance of I-REITs : Lessons learnt Examining the Outlook for I-REITs in Key Regions The Need for an Adequate Regulatory Framework for I-REITs\n\n\nDay 2\n06/10/2015\n08:30 – 09:30\nWelcome Coffee and Registration\n\n\n09:30 – 11:00\nSession 5: Islamic Collective Investment Schemes (ICIS): Promoting Strong Foundations Opportunities in ICIS: New Markets and Forecasts Current Challenges in the Development of ICIS Strengthening the Regulatory Framework for ICIS\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 6: The Role of Human Capital Development in ICM Evolution\n\n\n13:00 – 14:00\nLunch and Prayers\n\n\n14:00 – 16:00\nSession 7: Panel Discussion on Building a Vibrant Islamic Capital Market: Key Issues and Challenges Examining the Resilience of the Current ICM Infrastructures Enhancing the Current Legal Framework for the ICM Strengthening the Sharī`ah Framework of ICM\n\n\n16:00 – 16:15\nClosing & Certificate Giving Ceremony\n\n\n16:15 – 16:45\nCoffee Break\n\n\n\nDownloadable Document(s)\n\n\n\n\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format\n\n\n2.)\n\nBrochure – 2nd IFSB-BIBF Islamic Finance Executive Programme\n\n\n3.)\n\nRegistration Form
URL:https://www.ifsb.org/event/eve00258-ifsb-bibf-islamic-finance-executive-programme-towards-a-vibrant-islamic-capital-market-opportunities-and-challenges/
LOCATION:Grand Ambassador Suite III\, The Diplomat Radisson Blu Hotel\, MANAMA\, Bahrain
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20150817T090000
DTEND;TZID=UTC:20150820T161500
DTSTAMP:20260404T030133
CREATED:20150816T235138Z
LAST-MODIFIED:20231228T020949Z
UID:11766-1439802000-1440087300@www.ifsb.org
SUMMARY:IFSB-FIS Workshop Series (Djibouti)
DESCRIPTION:This 4-day Workshop is tailored for the regulatory and supervisory authorities for the banking sector\, and will discuss on the following IFSB Standards:\n\n 	Introduction to Islamic Finance and Islamic Banking Operations\n 	IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS)\n 	GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio (CAR) for IIFS\n 	IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS\n 	IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS\n\nOverall\, this Workshop aims to:\n\n 	Enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;\n 	Assist the participants in the practical application of issues addressed in the particular standards through case studies\, hands-on exercises and other interactive tools; and\n 	Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles.\n\nThis Workshop is hosted by Banque Centrale de Djibouti and participation in this Workshop is by INVITATION only. For queries\, please contact the IFSB Secretariat\, Mr. Hamizi Hamzah at hamizi@ifsb.org.\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n17/08/2015\n09:00 – 09:30\nRegistration\n\n\n09:30 – 09:45\nOpening Session by the IFSB\, and the BCD Representatives\n\n\n09:45 – 11:15\nSession 1: Introduction to Islamic Finance Concept of Islamic Finance Contracts in Islamic Finance Structures of Islamic Banking Products\n\n\n11:15 – 11:30\nGroup Photo and Coffee Break\n\n\n11:30 – 13:00\nSession 2: IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) Need for Capital Regulation Treatment of PSIA and Assets Financed by PSIA Displaced Commercial Risk Capital Ratio Formula: Standard and Supervisory Discretion\n\n\n13:00 – 14:00\nLunch and Prayers\n\n\n14:00 – 16:00\nSession 3: IFSB-2: Capital Adequacy Standard Credit Risk Based on External Credit Assessments (ECA) Exposures in Investments Made Under Profit Sharing Modes Preferential Risk Weights and Past Due Receivables Case Study\n\n\n16:00 – 16:15\nCoffee Break\n\n\nDay 2\n18/08/2015\n09:30 – 11:00\nSession 4: IFSB-2: Capital Adequacy Standard Measurement of Capital Adequacy Requirements for Market Risk Market Risk Weight Conversion Factor Capital Requirements for Islamic Financing Contracts Case Study\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 5: IFSB-2: Capital Adequacy Standard Measurement of Capital Adequacy Requirements for Operational Risk Sharī`ah non-Compliance Risk Calculation of Capital Requirements for Operational Risk Case Study\n\n\n13:00 – 14:00\nLunch and Prayers\n\n\n14:00 – 16:00\nSession 6: GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for IIFS Background of the Guidance Note Understanding Management of Profit-Sharing Investment Account (PSIA) Understanding the Concept of Alpha and Displaced Commercial Risk (DCR) Measurement of Risk Sharing in PSIA\n\n\n16:00 – 16:15\nCoffee Break\n\n\nDay 3\n19/08/2015\n09:30 – 11:00\nSession 7: GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for IIFS The Determination of Alpha and DCR Role of Supervisory Authority in Determination of Alpha and DCR An Algebraic Approach for Measuring DCR and Alpha Case Study\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 8: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Supervisory Preconditions\, Criteria and Approaches for Effective Supervision of IIFS Key Elements in the Supervisory Review Process of IIFS Treatment of Investment Account Holders (IAH) and Displaced Commercial Risk\n\n\n13:00 – 14:00\nLunch and Prayers\n\n\n14:00 – 16:00\nSession 9: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Internal Capital Adequacy Assessment Process Islamic Windows Operations Assessment of Additional Issues Supervisory Transparency and Accountability\n\n\n16:00 – 16:15\nCoffee Break\n\n\nDay 4\n20/08/2015\n09:30 – 11:00\nSession 10: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Governance and Risk Management Transparency and Market Discipline Consolidated and Home-host Supervision Case Study\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 11: IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS General Governance Approach to Sharī`ah Governance System Requirements on the Competence of Personnel Undertaking the Sharī`ah Governance System Independent Exercise of the Sharī`ah Board Members on Sharī`ah-related Matters\n\n\n13:00 – 14:00\nLunch and Prayers\n\n\n14:00 – 16:00\nSession 12: IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS Confidentiality of Sharī`ah Board Members on Internal Information Consistency of Opinions Across Different Institutions by Sharī`ah Board Members Case Study\n\n\n16:00 – 16:15\nClosing & Certificate Giving Ceremony\n\n\n16:15 – 16:30\nCoffee Break\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00257-ifsb-fis-workshop-series-djibouti/
LOCATION:–\, Bali\, Indonesia
CATEGORIES:Capacity Building
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20150603T083000
DTEND;TZID=UTC:20150604T173000
DTSTAMP:20260404T030133
CREATED:20150602T235424Z
LAST-MODIFIED:20231228T020958Z
UID:11769-1433320200-1433439000@www.ifsb.org
SUMMARY:7th IFSB-INCEIF Executive Forum - Building Momentum for Islamic Liquidity Management
DESCRIPTION:The recent Global Financial Crisis (GFC) stresses the importance of liquidity management in international financial markets during both stress and normal conditions. A robust and stable liquidity management framework would be one of the key dynamics in shaping the future growth of the Islamic finance industry\, especially on how such framework addresses the current outstanding issues related to liquidity management\, at both the practical and regulatory levels. The IFSB-INCEIF Executive Forum\, in its 7th edition\, addresses this important issue with the theme “Building Momentum for Islamic Liquidity Management”. The Executive Forum aims to provide new insights on the interactions between internal liquidity and external funds (e.g. profit-sharing investment accounts\, Sukūk\, etc.) as well as show how these interactions affect both the way an IIFS contemplates its financial decisions\, and how regulators formulate appropriate liquidity risk management policies. \nThis Executive Forum aims to bring together global leaders from among the market players\, regulators as well as the academic domain to discuss a wide spectrum of liquidity management issues. The speakers will provide their expertise — through panel sessions\, discussion groups\, and practical case studies — on the ongoing opportunities and challenges in the existing infrastructure for managing liquidity risks in Islamic finance. The Executive Forum will also include deliberations on the new developments in the regulatory landscape\, with a special focus on the emerging liquidity risk management requirements\, such as the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR)\, in addition to how these requirements can encompass Islamic finance specificities. Furthermore\, the participants will also be exposed to the liquidity risk management infrastructure in Islamic finance\, especially to Sharī`ah-complaint High Quality Liquid Assets (HQLA)\, Sharī`ah-compliant Deposit Insurance and Lender of Last Resort (LOLR). A key feature of the Executive Forum is a Panel Discussion where participants have the opportunity to share information and experiences from both supervisors and market players on the challenges and strategies for developing an effective Islamic liquidity management framework. \nFor more information on the Executive Forum\, please email Mr. Hamizi Hamzah at hamizi@ifsb.org \nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n03/06/2015\n08:30 – 09:30\nMorning Coffee and Registration\n\n\n09:30 – 09:45\nOpening and Welcoming Remarks\n\n\n09:45 – 11:00\nSession 1: The Role of an International Liquidity Architecture in a Global Financial Crisis The Importance of Managing Liquidity in a Global Financial Crisis Causes of Liquidity Stress During a Global Financial Crisis Opportunities and Challenges in the Existing Liquidity Risk Management Framework\n\n\n11:00 – 11:30\nGroup Photo and Coffee Break\n\n\n11:30 – 13:00\nSession 2: Liquidity Risk Management Infrastructure: The Regulators Role Regulatory Responsibilities in Developing An Appropriate Liquidity Risk Framework Regulatory Roles in Providing Liquidity During Market Stress Contingency Planning and the Development of Liquidity Infrastructure\n\n\n13:00 – 14:00\nLunch and Prayer\n\n\n14:00 – 15:30\nSession 3: Global Liquidity Risk Management Requirements: Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) and their Compatibility with Institutions offerings Islamic Financial Services (IIFS) Recent Global Regulatory Developments in Liquidity Risk Management Incorporating Global Standards into National Regulations Assessing the Capacity of IIFS to Adapt New Liquidity Risk Management Requirements\n\n\n15:30 – 16:00\nCoffee Break\n\n\n16:00 – 17:30\nSession 4: Ensuring a Robust Liquidity Management Framework: Key Issues Sharī`ah-complaint High Quality Liquid Assets (HQLA) and Secondary Market Facilities Sharī`ah-compliant Safety Nets Sharī`ah-compliant Lender of Last Resort (SLOLR)\n\n\nDay 2\n04/06/2015\n08:30 – 09:30\nMorning Coffee\n\n\n09:30 – 11:00\nSession 5: Resilience of the Current Liquidity Management Instruments in the IFSI Commodity Murābahah Transaction (CMT): Practical and Sharī`ah issues Short-term Liquidity Sukūk: Theoretical Aspects and Practical Concerns Islamic Inter-Bank Money Market: Identifying Current Issues and Future Challenges\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 6: Liquidity Risk Management Mechanisms: Monitoring\, Supervising and Stress Testing Macro Stress Tests: Macro Prudential Toolkit Current Practices and Emerging Trends in Liquidity Risk Supervision Bottom-up Liquidity Stress Tests and Weaknesses in Wholesale Funding among IIFS\n\n\n13:00 – 14:00\nLunch and Prayer\n\n\n14:00 – 16:00\nSession 7: Panel Discussion on Developing a Global Islamic Liquidity Management Framework: A Practical Approach The Case of IILM: Sukūk Structure and Issuance\, and Challenges Ahead Practical Issues: Sharī`ah-complaint HQLA\, treatment of PSIA and Sharī`ah-compliant repo mechanisms Monitoring Tools and Challenges for Efficient Cross-border Liquidity Risk Management\n\n\n16:00 – 16:30\nClosing & Certificate Giving Ceremony\n\n\n16:30 – 17:00\nCoffee Break\n\n\n\nDownloadable Document(s)\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format\n\n\n2.)\n\nBrochure – 7th IFSB-INCEIF Executive Forum\n\n\n3.)\n\nHilton Kuala Lumpur – Rates\n\n\n4.)\n\nHotel Majestic Kuala Lumpur – Rates and Reservation Form\n\n\n5.)\n\nJW Marriott Kuala Lumpur – Rates and Reservation Form
URL:https://www.ifsb.org/event/eve00252-7th-ifsb-inceif-executive-forum-building-momentum-for-islamic-liquidity-management/
LOCATION:Training Rooms 3.3 & 3.4\, Sasana Kijang\, Bank Negara Malaysia\, KUALA LUMPUR\, Malaysia
CATEGORIES:Awareness Programme
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END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20150525T093000
DTEND;TZID=UTC:20150526T171500
DTSTAMP:20260404T030133
CREATED:20150524T235709Z
LAST-MODIFIED:20231228T021005Z
UID:11771-1432546200-1432660500@www.ifsb.org
SUMMARY:IFSB-FIS Workshop Series (Turkey)
DESCRIPTION:This Workshop is hosted by the Central Bank of the Republic of Turkey\, the Capital Markets Board of Turkey and Banking Regulation and Supervision Agency of Turkey. \nThis 2-day Workshop is tailored for the regulatory and supervisory authorities as well as market players within the Islamic banking and Islamic capital market sectors. It will focus on the following Standards: \n\n\n 	IFSB-12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services (IIFS);\n 	GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management in IIFS;\n 	IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes (ICIS); and\n 	IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS. \n\nParticipation in this Workshop is by INVITATION only. For queries\, please contact the IFSB Secretariat\, Mr. Hamizi Hamzah at hamizi@ifsb.org. \nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n25/05/2015\n09:30 – 09:45\nOpening Session by the IFSB and TCMB Representatives\n\n\n09:45 – 11:15\nSession 1: IFSB-12: Guiding Principles on Liquidity Risk Management for Institutions offering only Islamic Financial Services (IIFS) Funding and Market Liquidity Risk Necessary Conditions for an Effective Liquidity Risk Management in IFSI Identification of Liquidity Risk Interactions of Liquidity Risk and Implications of Islamic Financing Contracts\n\n\n11:15 – 11:30\nGroup Photo and Coffee Break\n\n\n11:30 – 13:00\nSession 2: IFSB-12: Guiding Principles on Liquidity Risk Management for IIFS Diversification of the Funding Base Consolidated Management of Liquidity Risk Maintaining High-Quality Liquidity Buffer Preparing a Contingency Funding Plan\n\n\n13:00 – 14:00\nLunch and Prayers\n\n\n14:00 – 15:30\nSession 3: IFSB-12: Guiding Principles on Liquidity Risk Management for IIFS Managing Sharī`ah-Compliant Collateral Collaboration between IIFS Meeting Payment and Settlement System Obligations Reporting and Disclosure of Liquidity Risk\n\n\n15:30 – 15:45\nCoffee Break\n\n\n15:45 – 17:15\nSession 4: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management in IIFS Application of the LCR in IIFS Application of the NSFR in IIFS Role of Supervisory Authorities Case Studies\n\n\nDay 2\n26/05/2015\n09:30 – 11:00\nSession 5: IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes (ICIS) Scope of ICIS Governance General Governance Approaches of ICIS Transparency and Disclosure\n\n\n11:00 – 11:30\nCoffee Break\n\n\n11:30 – 13:00\nSession 6: IFSB-6: Guiding Principles on Governance for ICIS Compliance with Sharī’ah Rules and Principles Additional Protection for ICIS Investors Case Studies\n\n\n13:00 – 14:00\nLunch and Prayers\n\n\n14:00 – 15:30\nSession 7: IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS General Governance Approach to Sharī`ah Governance System Requirements on the Competence of Personnel Undertaking the Sharī`ah Governance System Independent Exercise of the Sharī`ah Board Members on Sharī`ah-related Matters\n\n\n15:30 – 15:45\nCoffee Break\n\n\n15:45 – 17:15\nSession 8: IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS Confidentiality of Sharī`ah Board Members on Internal Information Consistency of Opinions Across Different Institutions by Sharī`ah Board Members Case Studies\n\n\n17:15 – 17:30\nClosing & Certificate Giving Ceremony\n\n\n\nDownloadable Document(s)\n\n\n\n1.)\n\nEvent Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00245-ifsb-fis-workshop-series-turkey/
LOCATION:CBRT İstanbul School of Central Banking\, Istanbul\, Turkey
CATEGORIES:Capacity Building
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BEGIN:VEVENT
DTSTART;TZID=UTC:20150520T090000
DTEND;TZID=UTC:20150521T220000
DTSTAMP:20260404T030133
CREATED:20150519T235956Z
LAST-MODIFIED:20231228T021016Z
UID:11774-1432112400-1432245600@www.ifsb.org
SUMMARY:12th Islamic Financial Services Board Summit - Core Principles for Islamic Finance: Integrating with the Global Regulatory Framework
DESCRIPTION:The Summit started with a Keynote Address (via live video) by The Right Honourable Karim Massimov\, the Prime Minister of the Republic of Kazakhstan at the Opening Session of the 12th IFSB Summit.\n\nThe host\, H.E. Kairat Kelimbetov\, Governor of the National Bank of Kazakhstan has gracefully launched the Islamic Financial Services Industry Stability Report 2015.\n\n21 chairmen and speakers who were governors\, deputy governor\, heads as well as senior financial sector supervisors and experts from international financial institutions participated as speakers who panelled the following sessions:\n\n• Global Overview of the Islamic Financial Services Industry (IFSI): Trends and Policy Developments\n• New Regulatory Developments and the Impact on the Islamic Financial Services Industry\n• Role of the Core Principles for Islamic Finance in Enhancing Regulatory Consistency and Resilience of the Industry\n• Enabling Framework for the Assessment of Regulatory and Supervisory Regimes\, and\n• Panel Discussion on “The New Silk Road: The Importance of Regulatory Cooperation for Cross-Border Integration”\n\nThe Gala Dinner Keynote was delivered by Dr. Hamed Hassan Merah\, the Secretary-General of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) on the evening of 20 May 2015.\n\n\n\n\n\n\n\nThe 12th IFSB Summit was attended by more than 118 delegates from 25 countries comprising of senior officials from supervisory and regulatory bodies as well as representatives from international institutions\, market players\, accreditation\, law firms\, IT providers\, insurance and  Takāful\, academia as well as other stakeholders of the Islamic financial services industry.\n\n Event Snapshots\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n18/05/2015\n09:30 – 17:30\nFocus Group Meeting on the Strategic Performance Plan 2016 – 2018 (For IFSB Members Only)\n\n\nDay 2\n19/05/2015\nPRE-SUMMIT EVENTS\n\n\n09:00 – 10:00\nPre-Summit Event-1 : Meet the Members and Industry Engagement Session\n\n\n10:00 – 11:00\nPre-Summit Event-2 : Industry Development Session by The World Bank (Free of Charge)\n\n\n11:00 – 11:30\nCoffee and Networking Break\n\n\n11:30 – 13:00\nPre-Summit Event-3 : INCIEF – MIFC Business Forum (Free of Charge)\n\n\n13:00 – 14:00\nLunch\n\n\n14:00 – 16:00\nPre-Summit Event-4 : IFSB-IRTI Session on Mid-Term Review of the IFSI Development: Ten-Year Framework and Strategies (Free of Charge) 14:00 – 14:15 Registration 14:15 – 14:25 Opening and Welcoming Address 14:25 – 16:00 Presentation and Discussion on Fostering Integration of the IFSI: Progress of Initiatives and Challenges Faced by the Islamic Finance Jurisdictions\n\n\n16:00 – 17:30\nPre-Summit Event-5 : Kazakhstan Country Showcase (Free of Charge)\n\n\n17:30 – 18:00\nCoffee and Networking Break\n\n\n20:00 – 22:00\n12th IFSB Summit Welcome Dinner (Hosted by the National Bank of Kazakhstan) For Summit Registered Participants Only\n\n\nDay 3\n20/05/2015\n12TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT – DAY 1\n\n12TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT – GALA DINNER\n\n\n08:30 – 09:30\nRegistration\n\n\n09:30 – 10:30\nOpening & Keynote Session\n\n\n10:30 – 11:00\nCoffee and Networking Break\n\n\n11:00 – 12:30\nSession 1 : Global Overview of the Islamic Financial Services Industry (IFSI): Trends and Policy Developments This session aims to analyse the current level of development of the legal and regulatory frameworks in Islamic finance\, with a focus on the performance and potential growth of the industry.\n\n\n12:30 – 14:00\nLunch\n\n\n14:00 – 15:30\nSession 2 : New Regulatory Developments and the Impact on the Islamic Financial Services Industry The session aims to highlight the new regulatory developments in the global financial system that seek to promote financial stability\, as well as the impact of these developments on and the challenges for regulatory and supervisory authorities and institutions offering Islamic financial services in implementing them.\n\n\n15:30 – 16:00\nCoffee and Networking Break\n\n\n16:00 – 17:30\nSession 3 : Role of the Core Principles for Islamic Finance in Enhancing Regulatory Consistency and Resilience of the Industry This session aims to explore measures to bring the IFSI to its next level of development by enhancing consistency in supervision and implementation of global standards across borders. This stresses the need for having a minimum international standard on sound regulatory and supervisory practices for the effective supervision of the IIFS\, which would help enhance the resilience as well as protect the consumers and other stakeholders of the industry.\n\n\n19:00 – 22:00\n12th IFSB Summit – Gala Dinner 19:00 Welcome Reception 20:00 Gala Dinner\n\n\nDay 4\n21/05/2015\n12TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT – DAY 2\n\n\n09:30 – 11:00\nSession 4 : Enabling Framework for the Assessment of Regulatory and Supervisory Regimes This session focuses on the need to have an enabling framework that meets the pre-conditions of sound regulation and supervision in order to facilitate the development of a surveillance infrastructure for Islamic finance.\n\n\n11:00 – 11:30\nCoffee and Networking Break\n\n\n11:30 – 13:00\nSession 5 : Panel Discussion on “The New Silk Road: The Importance of Regulatory Cooperation for Cross-Border Integration” This session aims to explore the opportunities offered by the new Silk Road and emerging Islamic finance jurisdictions in Asia and Europe as well as the importance of regulatory cooperation to grow and develop the IFSI in a manner that encourages cross-border integration moving forward.\n\n\n13:00 – 14:00\nLunch\n\n\n\n \n\n\n\nDownloadable Document(s)\n\n\n\n\n\n\n\n\n1.)\n\nEvent Session(s) – PDF Format\n\n\n2.)\n\nThe Intercontinental Hotel : Hotel Reservation Form\n\n\n3.)\n\nThe Ritz Carlton Hotel : Hotel Reservation Form\n\n\n4.)\n\nThe Rixos Almaty Hotel : Hotel Reservation Form\n\n\n5.)\n\nVisa Information Form to Almaty
URL:https://www.ifsb.org/event/eve00244-12th-islamic-financial-services-board-summit-core-principles-for-islamic-finance-integrating-with-the-global-regulatory-framework/
LOCATION:The Rixos Almaty Hotel\, ALMATY\, Kazakhstan
CATEGORIES:Awareness Programme
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END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20150519
DTEND;VALUE=DATE:20150522
DTSTAMP:20260404T030133
CREATED:20230518T160001Z
LAST-MODIFIED:20231122T002614Z
UID:5930-1431993600-1432252799@www.ifsb.org
SUMMARY:12th IFSB Summit
DESCRIPTION:The 12th IFSB Summit was held on 19 – 21 May 2015 at the Rixos Almaty Hotel\, hosted by the National Bank of Kazakhstan\n12th IFSB Summit Opening Video\n\n\nSpeeches\n\n 	Keynote Speech: Secretary-General of the AAOIFI at the 12th IFSB Summit Gala Dinner\, Almaty\, Kazakhstan\n 	Opening Remarks: Secretary-General of the IFSB at the 12th IFSB Summit\, Almaty\, Kazakhstan\n\n \n12th Summit Photo Album\n\n\n\n\n\n\n\n\n\n\n \nPress Release of the 12th Summit\n25 May 2015\n12th IFSB Summit Discusses the Core Principles for Islamic Finance Regulation\, and Reiterates Importance of Regulatory Cooperation for Cross-Border Integration \n21 May 2015\nThe Prime Minister of Kazakhstan Officiates the 12th Islamic Financial Services Board Summit \n20 May 2015\nIFSB-IRTI Annual Session on Mid-Term Review of the Islamic Financial Services Industry (IFSI) Development: Ten-Year Framework and Strategies Takes Place in Kazakhstan \n20 May 2015\nThe IFSB Launches Its Third Edition of the Islamic Financial Services Industry Stability Report 2015 in Kazakhstan \n19 May 2015\nThe IFSB and INCEIF Renew MoU for Collaboration on Capacity Building and Awareness Promotion for the Global Islamic Financial Services Industry \n15 May 2015\nIFSB-INCEIF Executive Forum for Islamic Finance to Discuss Islamic Liquidity Management \n14 May 2015\nUpcoming 12th IFSB Annual Summit Buoyed by Encouraging New Developments in Global Islamic Finance \n15 April 2015\nUpcoming 12th IFSB Summit Gathers Momentum as Council Approves Adoption of Core Principles for Islamic Finance Regulation \n5 January 2015 (Also available in Arabic)\nThe 12th IFSB Summit to Be Held in Almaty\, Kazakhstan \n \nIFSB Documents released during the 12th Summit\n\n 	Islamic Financial Services Industry Stability Report 2015\n 	Islamic Finance for Asia: Development\, Prospects\, and Inclusive Growth\n 	11th IFSB Summit Proceedings\n 	WP-02: Evaluation of Core Principles Relevant to Islamic Finance Regulation\n\n \n12th Summit Presentations\n\n 	Speakers and registered participants are able to download softcopies of the Summit presentations from the IFSB Member Zone. Please use the access given to you during the registration. If you have problem downloading\, please email: yazmin@ifsb.org.\n 	IFSB member organisation can access the presentation using their organisation access. Please refer to your organisation’s contact person\, or email ifran@ifsb.org.
URL:https://www.ifsb.org/event/the-12th-ifsb-summit-was-held-on-19-21-may-2015-at-the-rixos-almaty-hotel-hosted-by-the-national-bank-of-kazakhstan/
LOCATION:Rixos Almaty Hotel\, Seyfullin Avenue 506/99\, Almaty\, Kazakhstan
CATEGORIES:Annual Events
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END:VCALENDAR