BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Islamic Financial Services Board - ECPv6.15.18//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-ORIGINAL-URL:https://www.ifsb.org
X-WR-CALDESC:Events for Islamic Financial Services Board
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-Robots-Tag:noindex
X-PUBLISHED-TTL:PT1H
BEGIN:VTIMEZONE
TZID:UTC
BEGIN:STANDARD
TZOFFSETFROM:+0000
TZOFFSETTO:+0000
TZNAME:UTC
DTSTART:20190101T000000
END:STANDARD
END:VTIMEZONE
BEGIN:VTIMEZONE
TZID:Asia/Kuala_Lumpur
BEGIN:STANDARD
TZOFFSETFROM:+0800
TZOFFSETTO:+0800
TZNAME:+08
DTSTART:20200101T000000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;VALUE=DATE:20201130
DTEND;VALUE=DATE:20201201
DTSTAMP:20260404T043936
CREATED:20201129T160042Z
LAST-MODIFIED:20231228T010914Z
UID:4801-1606694400-1606780799@www.ifsb.org
SUMMARY:2nd Innovation Forum - Digital Transformation of Islamic Finance and other Innovative Solutions for Post-COVID-19 Recovery
DESCRIPTION:The 2nd IFSB innovation forum sets the stage to enable the most creative minds in the Islamic financial services industry to showcase their pre-developed or conceptualised products\, instruments\, services\, mobile applications\, digital platforms and other offerings which exhibit an element of innovation and forward-looking creativity to deal with and respond to the new global reality\, particularly focusing on digital and business transformation and other innovative initiatives that will improve the resilience of the Islamic finance industry and accelerate its growth during the post-COVID-19 recovery.\n\nThis Forum\, which is conducted as a regular biennial series\, is an effort by the IFSB to bring together the Islamic finance stakeholders to focus on the promotion and development of innovative Islamic finance solutions\, vital to create the competitive edge needed to sustain the Islamic financial services industry going forward. This is in-line with the IFSB’s Articles of Agreement 4(d) which puts one of the objective of the IFSB as ‘”to enhance and coordinate initiatives to develop instruments and procedures for efficient operations and risk management”.\n\nThe Forum targets regulators\, policy makers\, Islamic financial institutions\, start-ups and FinTechs\, academic and research institutions\, financial services providers\, legal practitioners\, Sharīʿah advisors and other interested stakeholders to enable an enriched discussion on enhancing the culture of innovative thinking and development in the Islamic financial services industry. The audience will be able to interact with the presenters showcasing their innovative solutions and also discuss strategies for the widespread adoption and implementation of such solutions in different jurisdictional settings for the greater benefit of the industry.\n\nThe 2nd Innovation Forum will feature invited organisations to showcase their products.The presentations and product showcasing will be followed by expert discussions by selected regulators and academics on how these innovative solutions can improve efficiency and risk management in the Islamic financial services industry.\n\nThis Forum is open for All. For registration and enquiries\, please email Ms. Noor Azmah Mohd Yusof at noor.azmah@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\nProgramme – Event Session(s)\n\n\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n30/11/2020\n15:30 – 15:45\nOpening Remarks\n\n\n15:45 – 18:30\nDigital Transformation of Islamic Finance and other Innovative Solutions for Post-Covid-19 Recovery\n\n\n\n\n \n\nDownloadable Documents\n\n 	Event Session(s) – PDF Format
URL:https://www.ifsb.org/event/eve00471-2nd-innovation-forum-digital-transformation-of-islamic-finance-and-other-innovative-solutions-for-post-covid-19-recovery/
LOCATION:Kuala Lumpur\, Kuala Lumpur\, Malaysia\, Malaysia
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00471-6-1-e1697611390968.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20201201T160000
DTEND;TZID=UTC:20201201T183000
DTSTAMP:20260404T043936
CREATED:20201130T160005Z
LAST-MODIFIED:20231228T014715Z
UID:4781-1606838400-1606847400@www.ifsb.org
SUMMARY:2nd Extraordinary Meeting of the Technical Committee
DESCRIPTION:The 2nd Extraordinary Meeting of the Technical Committee of the IFSB is scheduled to be held online as follows:\n\n \n\n\n\nDate\n1 December 2020\n\n\nTime\n16:00 – 18:30 (Kuala Lumpur\, Malaysia time)\n\n\n\n \n\nParticipation in the meeting is by INVITATION only. For more information please email to: khairun.nissa@ifsb.org\n\n \n\nEvent Snapshots
URL:https://www.ifsb.org/event/eve00472-2nd-extraordinary-meeting-of-the-technical-committee/
LOCATION:Online
CATEGORIES:Meetings
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20201203
DTEND;VALUE=DATE:20201204
DTSTAMP:20260404T043936
CREATED:20201202T160010Z
LAST-MODIFIED:20231228T014708Z
UID:4774-1606953600-1607039999@www.ifsb.org
SUMMARY:2nd Working Group Meeting on Revised Solvency Requirements for Takaful Undertakings
DESCRIPTION:The 2nd Working Group Meeting on Revised Solvency Requirements for Takaful Undertakings is scheduled to be held as follow :\n\n \n\n\n\nDate\n3 December 2020\n\n\nTime\n2.30 PM (GMT +8.00\, KL time)\n\n\nVenue\nWeb-conference / webinar\n\n\n\n \n\nParticipation in the meeting is by INVITATION only. For more information\, please email to fadhila@ifsb.org.\n\n \n\nEvent Snapshots\n\n\n\n\n\n\n 
URL:https://www.ifsb.org/event/eve00468-2nd-working-group-meeting-on-revised-solvency-requirements-for-takaful-undertakings/
LOCATION:Online
CATEGORIES:Meetings
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00468-2-1-e1697610045234.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20201210
DTEND;VALUE=DATE:20201211
DTSTAMP:20260404T043936
CREATED:20201209T160058Z
LAST-MODIFIED:20231228T014657Z
UID:4764-1607558400-1607644799@www.ifsb.org
SUMMARY:37th Islamic Financial Services Board (IFSB) Council Meeting
DESCRIPTION:The 37th Islamic Financial Services Board (IFSB) Council Meeting is scheduled to be held via online on Thursday\, 10 December 2020.\n\nThis meeting is a closed session and participation is by invitation ONLY.\n\nIf you have any enquiries regarding the meeting\, please contact Ms. Nissa at khairun.nissa@ifsb.org and Mrs. Ida Shafinaz at ida.shafinaz@ifsb.org. More information will be posted on this page in the weeks ahead.\n\nPlease stay safe and well during this challenging time.\n\n \n\nEvent Snapshots
URL:https://www.ifsb.org/event/eve00458-37th-islamic-financial-services-board-ifsb-council-meeting/
LOCATION:Online
CATEGORIES:Meetings
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20201214
DTEND;VALUE=DATE:20201215
DTSTAMP:20260404T043936
CREATED:20201213T160002Z
LAST-MODIFIED:20231228T020819Z
UID:4753-1607904000-1607990399@www.ifsb.org
SUMMARY:Roundtable on Takaful
DESCRIPTION:Event Snapshots
URL:https://www.ifsb.org/event/eve00474-roundtable-on-takaful/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20201216
DTEND;VALUE=DATE:20201217
DTSTAMP:20260404T043936
CREATED:20201215T160042Z
LAST-MODIFIED:20231228T020812Z
UID:4725-1608076800-1608163199@www.ifsb.org
SUMMARY:21st Islamic Financial Stability Forum - The Implications of COVID-19 on the Stability of Islamic Financial Services Industry
DESCRIPTION:The IFSF provides opportunity to renowned IFSI leaders\, decision markers and regulators to offer diverse perspectives as well as exchange ideas with industry stakeholders across different segments of the IFSI on related regulatory and policy initiatives and issues. This 21st IFSF involves a session of panel discussion that focuses on the COVID-19 related issues and their implication for the stability and resilience of the IFSI. Further\, it also attempts to have forward looking policy to prevent the potential and unprecedented crisis and industry responses facing the current and future crisis.\n\nThe COVID-19 pandemic no doubt exerts significant pressures on both the regulatory and supervisory authorities (RSAs) as well as supervised firms including the institutions offering Islamic financial services (IIFS). This is especially in terms of coping with the dynamics of the consequences of the pandemic depending on its effects and duration\, as well as adapting supervisory approaches and working practice respectively toward the apparent\, anticipated\, and obscure risks that may result due to contraction in the real economy to which the IFSI is highly exposed.\n\nIn addition\, it is likely that the need to urgently address the matters arising from the outbreak of COVID-19 may have subsumed attention to other wider issues relating to how the IFSI complements the achievement of the sustainable development goals including the social development. These developments will obviously put both the stability and resilience of the IFSI to test in the later part of 2020 and perhaps beyond. The specific issues relating to these broad concerns are amongst the focus of the panel discussion session of this 21st IFSF besides the prospect of Islamic finance taken into account the lesson learnt from the pandemic.\n\n \n\nEvent Snapshots\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\n16/12/2020\n14:30 – 14:40\nOpening Remarks\n\n\n14:40 – 16:00\nPanel Discussion on Assessing the effectiveness of regulatory and supervisory response to maintain financial stability upon the impact of COVID-19 and way ahead\n\nIn many jurisdictions\, recommendations have been offered on the use of regulatory buffers\, the need to preserve compliance with international standards\, and promote international and inter-organisational coordination. A few have also looked at these issues with focus on the specificities of Islamic financial services such as balance sheet components\, relatively smaller size of the IFSI in many jurisdictions\, and the state of the economy of countries where Islamic finance is practiced.\n\nWhile the effect of the first wave of the pandemic is starting to manifest\, especially as various fiscal\, monetary and other stimulus introduced by the various governments are being relaxed\, the impact of the second wave of COVID-19 is also likely to take effect in the coming months. Not only might there be a significant increase in credit risk due to financing delinquencies\, market liquidity might also be strained\, and asset markets might be disrupted. Moreover\, the indispensability of digitalising financial services due to social distancing as a new normal to flatten the curve of the pandemic also presents technology-related risks that might result from staff remote access to financial network as well as outsourcing of cloud services for instance to third-parties.\n\nAlso\, the abruptness and pervasiveness of the COVID-19 pandemic and the responses it elicited might also have impacted on the requisite attention needed on other wider issues including for instance\, climate change and financial inclusion which are also considered important to the IFSI. While these challenges affect the entire financial system in a jurisdiction\, their implications for the IFSI might also present peculiar effects given the specificities of Islamic finance.\n\n \nDiscussion Points:\n\n 	What is the effect of the prudential regulatory and supervisory policy response to COVID-19to maintain financial stability of IFSI in general?\n 	Are various stimulus packages introduced stimulating new spending and preventing job losses quickly enough as desired especially to the households and SMEs to which the Islamic banks are highly exposed?\n 	Are there any unexpected prudential consequences peculiar to the specificities of the IFSI that have emerged from the crisis and what are their implications?\n 	How can the Islamic banks deal with regulatory capital treatment of ECLs given that IFRS-9 did not specify such treatment for profit and loss sharing contract\, for instance?\n 	What are the peculiar impediments and risks to the digital transformation of the IFSI as necessitated by COVID-19? Are there legacy infrastructure\, human capital or capital budgeting constraints\, for instance?\n 	How effective is the coordination and communication among various regulators and supervisors of Islamic finance segments in response to COVID-19?\n 	What factors should the regulatory and supervisory authorities consider to be of utmost importance\, as countries where Islamic finance is practiced gradually ease the lockdown?\n 	What are the forward looking policy to be pursued taken into account the lesson learnt from pandemic?\n 	To what extent has the focus on the effect of the pandemic subsumed attention on other wider issues and initiatives that are pertinent to Islamic finance such as financial inclusion\, climate change\, etc?\n\n·\n\n\n16:00 – 16:15\nQ&A Session
URL:https://www.ifsb.org/event/eve00473-21st-islamic-financial-stability-forum-the-implications-of-covid-19-on-the-stability-of-islamic-financial-services-industry/
LOCATION:Kuala Lumpur\, Kuala Lumpur\, 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=Asia/Kuala_Lumpur:20210202T140000
DTEND;TZID=Asia/Kuala_Lumpur:20210202T180000
DTSTAMP:20260404T043936
CREATED:20210201T160050Z
LAST-MODIFIED:20231228T020804Z
UID:4720-1612274400-1612288800@www.ifsb.org
SUMMARY:32nd Arabic Editing Committee Meeting
DESCRIPTION:The 32nd Arabic Editing Committee Meeting is scheduled to be held as follows:\n\n \n\n\n\nDate\n2 – 4 February and 6 – 10 February 2021\n\n\nTime\n2:00 pm – 6:00 pm (Malaysia time)\n\n\nVenue\nOnline\n\n\n\n \n\nParticipation in the meeting is by INVITATION only. For more information please email to: khairun.nissa@ifsb.org
URL:https://www.ifsb.org/event/eve00475-32nd-arabic-editing-committee-meeting/
LOCATION:Online
CATEGORIES:Meetings
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20210215T163000
DTEND;TZID=UTC:20210215T183000
DTSTAMP:20260404T043936
CREATED:20210214T160044Z
LAST-MODIFIED:20231228T020756Z
UID:4712-1613406600-1613413800@www.ifsb.org
SUMMARY:IFSB-FIS E-Workshop Series - IFSB-17: Core Principles for Islamic Finance Regulations (CPIFR Related to Prudential Regulations and Requirements for IIFS)
DESCRIPTION:Date : 15 February 2021 (Monday)\nTime : 4:30 – 6:30 pm (MYT)\nSector : Islamic banking\nTopic : IFSB-17: Core Principles for Islamic Finance Regulation (CPIFR Related to Prudential Regulations and Requirements for IIFS)\n\n \n\nOverview\n\nThe main objective of the Core Principles for Islamic Finance Regulations – CPIFR is to provide a foundation for regulatory and supervisory authorities to regulate Islamic financial services industry with consideration the specificities of the IIFS in the banking segment and the lessons learned from the financial crisis\, and complementing the existing international standards\, principally the BCBS’s Core Principles for Effective Banking Supervision (Basel Core Principles\, or BCPs).\n\nIn this online FIS Workshop IFSB will address three CPIFR\, covering Transactions with related parties\, Treatment of Investment account holders (IAHs) and Islamic windows operations.\n\nFIS Workshop facilitator will discuss how core principles requirements help to prevent abuses arising in transactions with related parties and to take measures on the risk of conflict of interest. During the session participants will get understanding on regulatory treatment\, governance and disclosures\, capital adequacy and associated risk-absorbency features related to IAH’s. Moreover Islamic windows operations\, their permitted forms\, supervisory review process will be also covered.\n\nThe facilitator will also share with some Case studies and open floor to Q&A to bring more interactivity to the session.\n\n \n***REGISTRATION IS OPEN FOR MEMBERS ONLY***
URL:https://www.ifsb.org/event/eve00476-ifsb-fis-e-workshop-series-ifsb-17-core-principles-for-islamic-finance-regulations-cpifr-related-to-prudential-regulations-and-requirements-for-iifs/
LOCATION:Kuala Lumpur\, Kuala Lumpur\, Malaysia\, 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:20210218T163000
DTEND;TZID=UTC:20210218T183000
DTSTAMP:20260404T043936
CREATED:20210217T160041Z
LAST-MODIFIED:20231228T020748Z
UID:4703-1613665800-1613673000@www.ifsb.org
SUMMARY:IFSB-FIS E-Workshop Series - IFSB-16: Supervisory Review Process (Governance and Risk Management)
DESCRIPTION:Date : 18 February 2021 (Thursday)\nTime : 4:30 – 6:30 pm (MYT)\nSector : Islamic banking\nTopic : IFSB-16: Supervisory Review Process (Governance and Risk Management)\n\nOverview\n\nA core element of any supervisory review process is to assess financial institutions’ governance decision structures and processes. At the same time supervisory review process must not only ensure that financial institution have adequate capital to support all their business risks\, but also stimulate them to develop and use better risk management and techniques within their risk management processes.\n\nWhen it comes to the institutions offering Islamic financial services there should be additional requirements in order to address elements that are specific to Islamic finance\, including risk characteristics and issues relating to Shariah compliance.\n\nWithin this session IFSB will address relevant corporate governance issues as well as supervisory implications related to the Shariah governance. Since the risk culture in IIFS is a very complex topic\, facilitator will also cover principles of risk management in IIFS and various categories of risk that IIFS face in their operations.\n\nWe believe this FIS workshop will be particularly beneficial due to case studies that will be discussed with the participants.\n\n \n***REGISTRATION IS OPEN FOR MEMBERS ONLY***
URL:https://www.ifsb.org/event/eve00477-ifsb-fis-e-workshop-series-ifsb-16-supervisory-review-process-governance-and-risk-management/
LOCATION:Kuala Lumpur\, Kuala Lumpur\, Malaysia\, 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:20210225T163000
DTEND;TZID=UTC:20210225T183000
DTSTAMP:20260404T043936
CREATED:20210224T160024Z
LAST-MODIFIED:20231228T020739Z
UID:4700-1614270600-1614277800@www.ifsb.org
SUMMARY:IFSB-FIS E-Workshop Series - IFSB-3: Corporate Governance for IIFS
DESCRIPTION:Date : 25 February 2021 (Thursday)\nTime : 4:30 – 6:30 pm (MYT)\nSector : Islamic banking\nTopic : IFSB-3: Corporate Governance for IIFS\n\n \n\nOverview\n\nDespite a very rapid development of Islamic finance worldwide\, it should not be forgotten that in many countries Islamic financial services industry is still in its infancy. To be able to successfully meet all challenges that Islamic finance services industry faces\, it needs to have comprehensive regulation and supervision\, risk management and corporate governance frameworks.\n\nWith this e-workshop session\, IFSB Secretariat would like to address one of the most crucial aspects of IIFS – a Corporate Governance.\n\nOur facilitator will introduce you to guiding principles of prudential requirement in the area of Corporate Governance. IFSB’s Guiding Principles are designed to facilitate IIFS in identifying areas where appropriate governance structures and processes are required\, and to recommend best practices in addressing these issues.\n\nDuring the session you will get understanding on issues of Corporate Governance specific to IIFS\, the General Governance Approach from IFSB-3 standards perspective and how IIFS shall acknowledge rights of Investment Account Holders.\n\nThe session will also clarify how compliance with Shariah rules and principles and Transparency of financial reporting are integral part of Corporate Governance for IIFS.\n\n \n***REGISTRATION IS OPEN FOR MEMBERS ONLY***
URL:https://www.ifsb.org/event/eve00478-ifsb-fis-e-workshop-series-ifsb-3-corporate-governance-for-iifs/
LOCATION:Kuala Lumpur\, Kuala Lumpur\, Malaysia\, 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;VALUE=DATE:20210310
DTEND;VALUE=DATE:20210311
DTSTAMP:20260404T043936
CREATED:20210309T160043Z
LAST-MODIFIED:20231228T020732Z
UID:4691-1615334400-1615420799@www.ifsb.org
SUMMARY:6th Meeting of the Technical Note on Recovery and Resolution Plan for Institutions offering Islamic Financial Services (IIFS)
DESCRIPTION:The 6th Meeting of the Technical Note on Recovery and Resolution Plan for Institutions offering Islamic Financial Services (IIFS) is scheduled to be held as follow :\n\n \n\n\n\nDate\n10 March 2021\n\n\nTime\n4.00 PM (Malaysia time)\n\n\nVenue\nvia web conference / webinar\n\n\n\n \n\nParticipation in the meeting is by INVITATION only. For more information\, please email to : fadhila@ifsb.org\n\n \n\nEvent Snapshots\n\n\n\n\n\n\n 
URL:https://www.ifsb.org/event/eve00480-6th-meeting-of-the-technical-note-on-recovery-and-resolution-plan-for-institutions-offering-islamic-financial-services-iifs/
LOCATION:Online
CATEGORIES:Meetings
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00480-2.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20210317
DTEND;VALUE=DATE:20210318
DTSTAMP:20260404T043936
CREATED:20210316T160015Z
LAST-MODIFIED:20231228T020724Z
UID:4670-1615939200-1616025599@www.ifsb.org
SUMMARY:3rd Working Group Meeting on Revised Solvency Requirements for Takaful/Retakaful Undertakings
DESCRIPTION:The 3rd Working Group Meeting on Revised Solvency Requirements for Takaful/Retakaful Undertakings is scheduled to be held as follow :\n\n \n\n\n\nDate\n17 March 2021\n\n\nTime\n2.30 PM (GMT +8.00\, KL time)\n\n\nVenue\nWeb-conference / webinar\n\n\n\n \n\nParticipation in the meeting is by INVITATION only. For more information\, please email to fadhila@ifsb.org.\n\n \n\nEvent Snapshots
URL:https://www.ifsb.org/event/eve00482-3rd-working-group-meeting-on-revised-solvency-requirements-for-takaful-retakaful-undertakings/
LOCATION:Online
CATEGORIES:Meetings
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00482-2-1-e1697602401550.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20210318T163000
DTEND;TZID=UTC:20210318T183000
DTSTAMP:20260404T043936
CREATED:20210317T160001Z
LAST-MODIFIED:20231228T020716Z
UID:4665-1616085000-1616092200@www.ifsb.org
SUMMARY:IFSB-FIS E-Workshop Series - IFSB-19: Guiding Principles on Disclosure Requirements for ICM Products (Sukuk and ICIS)
DESCRIPTION:Date: Thursday\, 18 March 2021\nTime: 4:30 – 6:30 (MYT)\nSector: Islamic Capital Market\nTopic: IFSB-19: Guiding Principles on Disclosure Requirements for ICM Products (Sukuk and ICIS)\n\nOverview\n\nSukuk is one of the fastest growing segment of Islamic capital market (ICM) and attracts global investors due to its unique structure and features.\n\nWith this e-workshop session\, IFSB Secretariat would like to bring an understanding on sukuk as an ICM instrument and its Shariah related requirements\, as well as highlight the importance of adequate information which enables investors to make informed decisions\, especially in Shariah-related areas.\n\nMoreover\, facilitator at this session will provide core principles of sukuk disclosures as a basis of sound regulation in order to develop ICM at greater levels of integrity and transparency.\n\n \n***REGISTRATION IS OPEN FOR MEMBERS ONLY***
URL:https://www.ifsb.org/event/eve00483-ifsb-fis-e-workshop-series-ifsb-19-guiding-principles-on-disclosure-requirements-for-icm-products-sukuk-and-icis/
LOCATION:Kuala Lumpur\, Kuala Lumpur\, Malaysia\, 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;VALUE=DATE:20210331
DTEND;VALUE=DATE:20210401
DTSTAMP:20260404T043936
CREATED:20210330T160058Z
LAST-MODIFIED:20231228T020709Z
UID:4652-1617148800-1617235199@www.ifsb.org
SUMMARY:5th Joint Working Group Meeting on the Revised Shariah Governance Framework Standard
DESCRIPTION:The 5th Joint Working Group Meeting on Revised Shari’ah Governance Framework Standard is scheduled to be held as follow :\n\n \n\n\n\nDate\n31 March 2021 (Wednesday)\n\n\nTime\n3.30 PM (GMT +8.00\, KL time)\n\n\nVenue\nOnline (web conference)\n\n\n\n \n\nParticipation in the meeting is by INVITATION only. For more information please email to: fadhila@ifsb.org\n\n \n\nEvent Snapshots\n\n\n\n\n\n\n 
URL:https://www.ifsb.org/event/eve00485-5th-joint-working-group-meeting-on-the-revised-shariah-governance-framework-standard/
LOCATION:Online
CATEGORIES:Meetings
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00485-1-1-e1697601790144.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Asia/Kuala_Lumpur:20210407T153000
DTEND;TZID=Asia/Kuala_Lumpur:20210407T200000
DTSTAMP:20260404T043936
CREATED:20210406T160010Z
LAST-MODIFIED:20231228T014640Z
UID:4637-1617809400-1617825600@www.ifsb.org
SUMMARY:53rd Meeting of the Technical Committee of the IFSB (Online)
DESCRIPTION:The 53rd Meeting of the Technical Committee of the IFSB is scheduled to be held online as follows:\n\n \n\n\n\nDate\n7 April 2021\, Wednesday\n\n\nTime\n15:30 – 20:00 (Kuala Lumpur Time\, GMT +8)\n\n\n\n \n\nParticipation in the meeting is by INVITATION only. For more information please email to: khairun.nissa@ifsb.org\n\n \n\nEvent Snapshots
URL:https://www.ifsb.org/event/eve00484-53rd-meeting-of-the-technical-committee-of-the-ifsb-online/
LOCATION:Online
CATEGORIES:Meetings
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00484-5-e1697601477329.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Asia/Kuala_Lumpur:20210412T143000
DTEND;TZID=Asia/Kuala_Lumpur:20210412T180000
DTSTAMP:20260404T043936
CREATED:20210411T160028Z
LAST-MODIFIED:20231228T014634Z
UID:4634-1618237800-1618250400@www.ifsb.org
SUMMARY:15th Meeting of the Task Force on Prudential and Structural Islamic Financial Indicators - PSIFIs (Online)
DESCRIPTION:The 15th Meeting of the Task Force on Prudential and Structural Islamic Financial Indicators (PSIFIs) is scheduled to be held via online as follows:\n\n \n\n\n\nDate\n12 April 2021 (Monday)\n\n\nTime\n2:30 pm – 6:00 pm (GMT +8.00\, Kuala Lumpur Time)\n\n\n\n \n\n \n\nParticipation in the meeting is by INVITATION only. The meeting link will be provided to Task Force members via email. For more information\, please email to khairun.nissa@ifsb.org
URL:https://www.ifsb.org/event/eve00487-15th-meeting-of-the-task-force-on-prudential-and-structural-islamic-financial-indicators-psifis-online/
LOCATION:Online
CATEGORIES:Meetings
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20210422
DTEND;VALUE=DATE:20210423
DTSTAMP:20260404T043936
CREATED:20210421T160013Z
LAST-MODIFIED:20231227T090734Z
UID:4628-1619049600-1619135999@www.ifsb.org
SUMMARY:2nd Task Force Meeting of Technical Note on Shariah-compliant Liquidity Management Tools
DESCRIPTION:The 2nd Task Force Meeting of Technical Note on Shariah-compliant Liquidity Management Tools is scheduled to be held as follow :\n\n \n\n\n\nDate\n22 April 2021\n\n\nTime\n3.00 PM (GMT +8.00\, KL time)\n\n\nVenue\nWeb-conference / webinar\n\n\n\n \n\nParticipation in the meeting is by INVITATION only. For more information\, please email to fadhila@ifsb.org.\n\n \n\nEvent Snapshots\n\n\n\n\n\n 
URL:https://www.ifsb.org/event/eve00488-2nd-task-force-meeting-of-technical-note-on-shariah-compliant-liquidity-management-tools/
LOCATION:Online
CATEGORIES:Meetings
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00488-1-1-e1698138149963.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Asia/Kuala_Lumpur:20210426T150000
DTEND;TZID=Asia/Kuala_Lumpur:20210426T183000
DTSTAMP:20260404T043936
CREATED:20210425T160056Z
LAST-MODIFIED:20231227T090723Z
UID:4626-1619449200-1619461800@www.ifsb.org
SUMMARY:5th Meeting of the Executive Committee of the IFSB (Online)
DESCRIPTION:The 5th Meeting of the Executive Committee of the IFSB is scheduled to be held online as follows:\n\n \n\n\n\nDate\n26 April 2021\, Monday\n\n\nTime\n15:00 – 18:30 (Kuala Lumpur Time\, GMT +8)\n\n\n\n \n\nParticipation in the meeting is by invitation only. For more information please email to: khairun.nissa@ifsb.org
URL:https://www.ifsb.org/event/eve00481-5th-meeting-of-the-executive-committee-of-the-ifsb-online/
LOCATION:Online
CATEGORIES:Meetings
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20210525T093000
DTEND;TZID=UTC:20210525T234500
DTSTAMP:20260404T043936
CREATED:20210524T160006Z
LAST-MODIFIED:20231227T090716Z
UID:4619-1621935000-1621986300@www.ifsb.org
SUMMARY:12th IFSB Public Lecture on Financial Policy and Stability
DESCRIPTION:Programme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n25/05/2021\n09:30 – 09:45\nWelcoming and Opening Remarks\n Dr. Bello Lawal Danbatta\, Secretary-General\, IFSB \n\n\n\n09:45 – 10:30\nPublic Lecture 1: Current and Post-Pandemic Financial System Stability Challenges: The Way Ahead\nSpeaker: Dr. Tobias Adrian\, Financial Counsellor and Director of the Monetary and Capital Markets Department – International Monetary Fund \n\n\n\nThe COVID-19 pandemic has resulted in economic and financial downturns and market turmoil affecting almost every country around the globe in 2020. To alleviate economic pressures\, governments adopted various economic and financial policy measures such as tax relief\, postponing loan/financing interest/profit payments\, special liquidity to labour-intensive sectors (SMEs\, etc) and easing macroprudential and microprudential indicators to maintain financial system stability. The effects of the pandemic seem to continue into 2021\, as some countries struggle while others show slight indications of economic recovery. Overall\, the majority of countries are continuing their efforts to stimulate the economy and contain the pandemic\, through the rollout of vaccination programmes\, strict health protocols and increasing health facilities. Fortunately\, financial system stability as shown by the improved financial market activities\, banking and nonbank performance and investors’ investment activities indicates positive recovery. Amongst the lessons learnt from the pandemic are integrated and coordinated economic and financial policies among authorities; digital transformation and financial technology; more social\, health and welfare-oriented economic and financial activities. Banks and financial systems as a whole are witnessing transformation to become more agile and adaptive towards sustainable practices. Some issues to be stressed and elaborated on are:\n\n(1) How much has the pandemic transformed the current economic and financial system?\n(2) How to maintain economic and financial system stability and what policies are more likely to remain in the post-pandemic era and beyond?\n(3) What are shifting paradigms occurred or need to occur to maintain economic and financial stability?\n(4) What will be the roles of authorities in post-pandemic era and beyond?\n\n\n\n\n10:30 – 11:00\nBreak\n\n\n11:00 – 11:45\nPublic Lecture 2: Islamic Financial System Stability: Post Pandemic Impacts and Way Ahead\n\nSpeakers:\nDr. Zamir Iqbal\, Vice President\, Finance\, Islamic Development Bank\nProfessor Dr. Asad Zaman\, Director General International\, Institute of Islamic Economics. International Islamic University Islamabad\n\n\nEconomic and financial pressures and instability resulting from the pandemic have transformed economic and financial transactions. Electronic contracts and financial agreements\, electronic transactions (e-banking\, e-sukuk\, e-money\, etc)\, financial technology (less physical interactions) and digital currencies have seen wider use in the business and financial markets.    \n \n\nDue to massive development of start-up companies\, various social media and digital-based transactions have created new ways of collecting\, investing and managing both commercial and social funds. Securities crowdfunding\, e-payment of zakah\, waqf\, including their distribution via virtual platforms\, may lead to potential Sharīʻah risks. These phenomena vividly impact the global Islamic financial system stability and can lead to the transformation of Islamic finance system to face post pandemic challenges and be more agile\, adaptive and innovative.  \n\n\nLately\, Islamic finance industry (banks\, capital market\, takaful) has changed its business model as well as technological adoption in which there are techno-based Islamic finance applications\, more social responsive Islamic finance transactions and including eco-friendly Islamic investment applied during and possibly post pandemic condition.    \n\n\nSome areas to be discussed:\n(1) How is the global Islamic financial (IF) system stability during and post pandemic? Is the policy flexibility in the pandemic caused the resilience of IF or \n(2) What are exit policies currently applied in most of jurisdictions to sustain the IF stability?  \n(3) What are lessons learnt from the pandemic to be responded and incorporated in the current IF practices?\n(4) What kinds of transformation required by IF to cope with the future economic and finance challenges?    \n\n\n11:45 – 11:45\nEnd of the Public Lecture
URL:https://www.ifsb.org/event/eve00489-12th-ifsb-public-lecture-on-financial-policy-and-stability/
LOCATION:Virtual
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20210609
DTEND;VALUE=DATE:20210610
DTSTAMP:20260404T043936
CREATED:20210905T160020Z
LAST-MODIFIED:20231227T090443Z
UID:4606-1623196800-1623283199@www.ifsb.org
SUMMARY:IFSB Virtual Annual Meetings 2021: 38th Council Meeting and 19th General Assembly
DESCRIPTION:The Secretariat is pleased to announce that the IFSB Annual Meetings 2021: 38th Council Meeting and 19th General Assembly will be held in a virtual format on Wednesday\, 9 June 2021. The meetings will be chaired by H.E. Abdulhamid Saeed\, Governor of the Central Bank of the United Arab Emirates and Chairman of the IFSB for 2021.\n\nParticipation is by invitation only. For participation enquiries and registration for the 38th Meeting of the Council and 19th General Assembly\, please email to Ms. Nissa at khairun.nissa@ifsb.org\n\n\nThe IFSB and the Central Bank of the United Arab Emirates look forward to the participation of the IFSB members in the virtual meetings.\nEvent Snapshots
URL:https://www.ifsb.org/event/eve00479-ifsb-virtual-annual-meetings-2021-38th-council-meeting-and-19th-general-assembly/
LOCATION:Online
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00479-1.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20210610T163000
DTEND;TZID=UTC:20210610T183000
DTSTAMP:20260404T043936
CREATED:20210609T160050Z
LAST-MODIFIED:20231227T090707Z
UID:4602-1623342600-1623349800@www.ifsb.org
SUMMARY:IFSB-FIS E-Workshop Series - IFSB-22: Disclosures to Promote Transparency and Market Discipline
DESCRIPTION:            All IFSB Members\n \nDate:    Thursday\, 10 June 2021\nTime:    4:30 – 6:30 Kuala Lumpur Time\nSector:    Islamic Banking\nTopics:    IFSB-22: Disclosures to Promote Transparency and Market Discipline\n\nMarket discipline has long been recognised as a key objective of financial sector regulation by the international standard-setting bodies and regulatory and supervisory authorities (RSAs). The provision of meaningful information about key risk metrics to market participants is a fundamental tenet of a sound banking system. It reduces information asymmetry and helps promote comparability of banks’ risk profiles and product offerings within and across jurisdictions.\n\nIFSB-22 – Revised Standard on Disclosures to Promote Transparency and Market Discipline for IIFS\, for its part\, considers disclosure-aspects relevant to consumer protection and sets key principles and practices to be followed by IIFS in the banking sector in making disclosures\, with a view to achieving transparency and promoting market discipline in regard to these institutions.\n\nWith this e-workshop session\, your IFSB facilitator will provide understanding on financial and risk disclosures\, including information related to the treatment of investment accounts and Islamic windows. The session will also give clarity on Shariah governance and general governance disclosures.\n\n \n  ***REGISTRATION IS OPEN FOR MEMBERS ONLY***
URL:https://www.ifsb.org/event/eve00490-ifsb-fis-e-workshop-series-ifsb-22-disclosures-to-promote-transparency-and-market-discipline/
LOCATION:Kuala Lumpur\, Kuala Lumpur\, Malaysia\, 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:20210623T163000
DTEND;TZID=UTC:20210623T180000
DTSTAMP:20260404T043936
CREATED:20210622T160046Z
LAST-MODIFIED:20231227T090656Z
UID:4600-1624465800-1624471200@www.ifsb.org
SUMMARY:IFSB-12: Liquidity Risk Management (Guiding Principles for IIFS)
DESCRIPTION: All IFSB Members \nDate: Wednesday\, 23 June 2021 \nTime: 4:30 – 6:30 Kuala Lumpur Time \nSector: Islamic Banking \nTopics: IFSB-12: Liquidity Risk Management (Guiding Principles for IIFS) \nEffective liquidity risk management is crucial for any financial institutions. Different types of external events\, financial upheavals and market developments have increased the complexity of liquidity risk management process and its requirements. It has become even more challenging for Institutions offering Islamic Financial Services (IIFS). \n IFSB-22 Guiding Principles on Liquidity Risk Management for IIFS standard sets out principles for the robust management of liquidity risk by IIFS\, including its vigorous supervision and monitoring by the supervisory authorities. Besides providing guidance on prudential aspects related to liquidity risk management in IIFS\, this document outlines necessary elements of effective liquidity risk management in the Islamic financial services industry. \nWithin this session your facilitator will cover the main steps of the liquidity risk management process taking into consideration the specificities of the IIFS\, as well as liquidity risk’s interactions and implications of Islamic financing contracts. The role of Board of Directors and Senior Management will also be addressed in establishing responsibilities for liquidity risk management oversight and executing the liquidity risk management strategy. \nThe presentation will be followed by the Case study and Q&A session. \n***REGISTRATION IS OPEN FOR MEMBERS ONLY***
URL:https://www.ifsb.org/event/eve00492-ifsb-12-liquidity-risk-management-guiding-principles-for-iifs/
LOCATION:Kuala Lumpur\, Kuala Lumpur\, Malaysia\, 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:20210624T163000
DTEND;TZID=UTC:20210624T220000
DTSTAMP:20260404T043936
CREATED:20210623T160012Z
LAST-MODIFIED:20231227T090636Z
UID:4584-1624552200-1624572000@www.ifsb.org
SUMMARY:Joint IFSB-SEC Nigeria Seminar on Islamic Capital Market
DESCRIPTION:COVID 19: INVESTOR PROTECTION AND TRANSPARENCY IN ISLAMIC CAPITAL MARKET \nThe pandemic has unexceptionally affected all economic and financial sectors globally\, including the Islamic financial services sector.  Given the ongoing uncertainty created by the pandemic and the potential risks it poses for economic growth and financial stability\, protecting investors against possible market failures\, as well as enhancing transparency and information available to investors are essential in regaining investor trust and confidence in the Islamic capital markets\, which is in turn\, crucial to prevent any deterioration of market conditions. \nMany market failures directly impact investors\, including asymmetry of information\, agency problems or detrimental conflicts of interest. They may affect the functioning of the market and contribute to the perception that capital markets are an unsafe environment. Thus\, it is imperative for policy makers and regulators to address these issues through regulatory intervention\, in order to rebuild investor confidence during volatile market conditions and to effectively address possible market failures that could impact the level of protection of investors. Better protected investors are also likely to make more informed investment decisions and be less prone to react irrationally to market events or follow “herd behavior” which are disruptive for financial markets and the economy as a whole. Thus\, transparency and investor protection can be seen as factors that ultimately contribute to the stability of financial markets. \nThe seminar therefore aims to increase awareness of the importance of investor protection and transparency in fostering investor confidence and ultimately the sustainability and stability of the Islamic capital markets and to provide a platform to discuss critical policy issues arising in the context of the current global financial environment. \nObjectives \nThe seminars’ main objectives are to: \n\n\n 	Address Islamic finance-specific issues in relation to investor protection.\n 	Discuss best practices for investor protection in the ICM and the elements of a robust investor protection framework.\n 	Highlight best practices and guidelines on disclosure requirements for ICM products\, specifically for ṣukūk and Islamic collective investment schemes (ICIS).\n 	Identify issues arising from the current global environment\, and share policy actions taken by various regulators and policy makers to address emerging challenges and issues.\n\nProgramme Outcome \nAt the end of the seminar\, participants will have a comprehensive understanding on investor protection and disclosure requirements to strengthen investor confidence and improve financial market performance. The seminar will be structured around guidance from IFSB standards\, as well as experiences from the industry.  Participants will be able to takeaway insights on the various policy approaches and best practices in different jurisdictions to address new and emerging issues related to investor protection and transparency in light of the new global realities. \nProgramme Approach \n\n\n 	Interactive discussions on a wide array of issues on investor protection and transparency in the ICM\n 	Discussion on the best market practices and regulatory challenges\n\nEvent 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\n24/06/2021\n16:30 – 16:45\nWelcoming Remarks (IFSB)\nDr. Bello Lawal Danbatta\, Secretary-General\, Islamic Financial Services Board \n\n\n\n16:45 – 17:00\nOpening Remarks (SEC Nigeria)\nMr. Lamido Yugaga\, Director General\, SEC Nigeria \n\n\n\n17:00 – 17:45\nSession 1: Overview of the Islamic Capital Markets in Nigeria\n\n 	Development and growth of the Islamic capital markets in Nigeria\n 	Islamic finance development\, products and issuances in Nigeria\n 	Regulatory developments and challenges\n 	COVID-19 and impact on the market\n\nPresenter: Mr. Abdulkadir Abbas\, Head of Department – Securities and Investment Services\, SEC Nigeria \n\n\n\n17:45 – 17:50\nShort Break\n\n\n17:50 – 18:30\nSession 2: Strengthening Investor Protection in the Islamic Capital Markets\n\n 	Overview of regulatory issues and the key principles of investor protection;\n 	Overview of the global Islamic capital markets and trends\n 	The role of product governance\, conduct of business requirements (including client assets\, best execution\, and conflicts of interest etc.)\, and good practices in relation to investor redress and investor education\, and;\n 	Emerging investor protection issues in the Islamic capital markets in the context of the current global environment\n\nPresenter: Ms. Aminath Amany Ahmed\, Member of the Secretariat\, Islamic Financial Services Board \n \n\n\n18:30 – 19:30\nAfternoon Break\n\n\n19:30 – 20:15\nSession 3: Enhancing Transparency in the Islamic Capital Market (Sukuk)\n\n 	Principles of transparency and disclosure for Sukuk and regulatory best practices\n 	Overview of key regulatory considerations and specificities of Sukuk\n 	Role of transparency and disclosure in protecting Sukuk investors\n 	Addressing emerging issues and challenges for Sukuk through better informed investors\n\nPresenter: Peter Casey\, Consultant\, Islamic Financial Services Board \n\n\n\n20:15 – 20:20\nShort Break\n\n\n20:20 – 21:05\nSession 4: Enhancing Transparency in the Islamic Capital Market (ICIS)\n\n 	Overview of key regulatory considerations and specificities of ICIS\n 	Principles of transparency and disclosure for ICIS and regulatory best practices\n 	Role of transparency and disclosure in protecting ICIS investors\n 	Addressing emerging issues and challenges for ICIS through better informed investors\n\nPresenter: Peter Casey\, Consultant\, Islamic Financial Services Board \n \n\n\n21:05 – 21:15\nShort Break\n\n\n21:15 – 22:00\nSession 5: Panel: Safeguarding investors in a challenging global environment\n\n 	Implications of the COVID-19 pandemic for the Islamic capital markets\n 	Policy actions taken by regulators to mitigate the impact of the pandemic\n 	Key investor protection issues arising from the unprecedented economic and financial market conditions and addressing these issues;\n 	Promoting investors’ confidence in an uncertain environment through greater market transparency\, assessment and information.\n 	Q&A on specific considerations and policy issues unique to the Islamic capital market and the way forward.\n\nPanelists: \nPeter Casey\, IFSB Consultant (Lead Panelist) \nMr. Abdulkadir Abbas\, Head of Department – Securities and Investment Services\, SEC Nigeria \nMrs. Hajara Adeola\, Managing Director\, Lotus Capital Limited \nMr. Hichem Bouqniss\, Execuitve Director\, International Islamic Liquidity Management Corporation
URL:https://www.ifsb.org/event/eve00494-joint-ifsb-sec-nigeria-seminar-on-islamic-capital-market/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00494-1.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20210630T133000
DTEND;TZID=UTC:20210630T180000
DTSTAMP:20260404T043936
CREATED:20210629T160040Z
LAST-MODIFIED:20231227T090627Z
UID:4581-1625059800-1625076000@www.ifsb.org
SUMMARY:Joint IFSB-CMA Kenya Seminar on Islamic Capital Market
DESCRIPTION:COVID 19: INVESTOR PROTECTION AND TRANSPARENCY IN ISLAMIC CAPITAL MARKET\n\nThe pandemic has unexceptionally affected all economic and financial sectors globally\, including the Islamic financial services sector.  Given the ongoing uncertainty created by the pandemic and the potential risks it poses for economic growth and financial stability\, protecting investors against possible market failures\, as well as enhancing transparency and information available to investors are essential in regaining investor trust and confidence in the Islamic capital markets\, which is in turn\, crucial to prevent any deterioration of market conditions.\n\nMany market failures directly impact investors\, including asymmetry of information\, agency problems or detrimental conflicts of interest. They may affect the functioning of the market and contribute to the perception that capital markets are an unsafe environment. Thus\, it is imperative for policy makers and regulators to address these issues through regulatory intervention\, in order to rebuild investor confidence during volatile market conditions and to effectively address possible market failures that could impact the level of protection of investors. Better protected investors are also likely to make more informed investment decisions and be less prone to react irrationally to market events or follow “herd behavior” which are disruptive for financial markets and the economy as a whole. Thus\, transparency and investor protection can be seen as factors that ultimately contribute to the stability of financial markets.\n\nThe seminar therefore aims to increase awareness of the importance of investor protection and transparency in fostering investor confidence and ultimately the sustainability and stability of the Islamic capital markets and to provide a platform to discuss critical policy issues arising in the context of the current global financial environment.\n\nObjectives\n\nThe seminars’ main objectives are to:\n\n 	Address Islamic finance-specific issues in relation to investor protection.\n 	Discuss best practices for investor protection in the ICM and the elements of a robust investor protection framework.\n 	Highlight best practices and guidelines on disclosure requirements for ICM products\, specifically for ṣukūk and Islamic collective investment schemes (ICIS).\n 	Identify issues arising from the current global environment\, and share policy actions taken by various regulators and policy makers to address emerging challenges and issues.\n\nProgramme Outcome\n\nAt the end of the seminar\, participants will have a comprehensive understanding on investor protection and disclosure requirements to strengthen investor confidence and improve financial market performance. The seminar will be structured around guidance from IFSB standards\, as well as experiences from the industry.  Participants will be able to takeaway insights on the various policy approaches and best practices in different jurisdictions to address new and emerging issues related to investor protection and transparency in light of the new global realities.\n\nProgramme Approach\n\n 	Interactive discussions on a wide array of issues on investor protection and transparency in the ICM\n 	Discussion on the best market practices and regulatory challenges\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n30/06/2021\n13:30 – 13:45\nWelcoming Remarks (IFSB)\nDr. Bello Lawal Danbatta\, Secretary-General\, Islamic Financial Services Board \n\n\n\n13:45 – 14:00\nOpening Remarks (CMA Kenya)\nMr. Wycliffe Shamiah\, Chief Executive Officer\, Capital Market Authority \n\n\n\n14:00 – 15:00\nSession 1: Introduction to the Islamic Capital Markets\n\n 	Development and growth of the Islamic capital markets in Nigeria\n 	Islamic finance development\, products and issuances in Nigeria\n 	Regulatory developments and challenges\n 	COVID-19 and impact on the market\n\nPresenter: Mr. Saad Rahman\, Deputy Chief Executive Officer\, Salaam Investment Bank Kenya (SIBK) \n\n\n\n15:00 – 15:15\nShort Break\n\n\n15:15 – 16:15\nSession 2: Strengthening Investor Protection in the Islamic Capital Markets\n\n 	Overview of the global Islamic capital markets and trends\n 	Overview of regulatory issues and the key principles of investor protection;\n 	The role of product governance\, conduct of business requirements (including client assets\, best execution\, and conflicts of interest etc.)\, and good practices in relation to investor redress and investor education\, and;\n 	Emerging investor protection issues in the Islamic capital markets in the context of the current global environment\n\n Presenter: Ms. Aminath Amany Ahmed\, Member of the Secretariat\, Islamic Financial Services Board \n \n\n\n\n16:15 – 16:30\nShort Break\n\n\n16:30 – 17:00\nSession 3: Enhancing Transparency in the Islamic Capital Market (Sukuk)\n\n 	Overview of key regulatory considerations and specificities of Sukuk\n 	Principles of transparency and disclosure for Sukuk and regulatory best practices\n 	Role of transparency and disclosure in protecting Sukuk investors\n 	Addressing emerging issues and challenges for Sukuk through better informed investors\n\nPresenter:  Peter Casey\, Consultant\, Islamic Financial Services Board \n \n\n\n17:00 – 17:15\nShort Break\n\n\n17:15 – 18:00\nSession 4: Panel: Safeguarding investors in a challenging global environment\n\n 	Implications of the COVID-19 pandemic for the Islamic capital markets\n 	Policy actions taken by regulators to mitigate the impact of the pandemic\n 	Key investor protection issues arising from the unprecedented economic and financial market conditions and addressing these issues;\n 	Promoting investors’ confidence in an uncertain environment through greater market transparency\, assessment and information.\n 	Q&A on specific considerations and policy issues unique to the Islamic capital market and the way forward.\n\nPanelists: \nPeter Casey\, IFSB Consultant (Lead Panelist) \nMr. Luke Ombara\, Policy and Market Development\, CMA Kenya \nMr. Saad Rahman\, Deputy Chief Executive Officer\, Salaam Investment Bank Kenya (SIBK)
URL:https://www.ifsb.org/event/eve00491-joint-ifsb-cma-kenya-seminar-on-islamic-capital-market/
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20210701
DTEND;VALUE=DATE:20210702
DTSTAMP:20260404T043936
CREATED:20210630T160022Z
LAST-MODIFIED:20231227T090619Z
UID:4569-1625097600-1625183999@www.ifsb.org
SUMMARY:Joint IFSB-AIFC Seminar on Islamic Capital Market
DESCRIPTION:Programme Overview \nThe pandemic has unexceptionally affected all economic and financial sectors globally\, including the Islamic financial services sector.  Given the ongoing uncertainty created by the pandemic and the potential risks it poses for economic growth and financial stability\, protecting investors against possible market failures\, as well as enhancing transparency and information available to investors are essential in regaining investor trust and confidence in the Islamic capital markets\, which is in turn\, crucial to prevent any deterioration of market conditions. \nMany market failures directly impact investors\, including asymmetry of information\, agency problems or detrimental conflicts of interest. They may affect the functioning of the market and contribute to the perception that capital markets are an unsafe environment. Thus\, it is imperative for policy makers and regulators to address these issues through regulatory intervention\, in order to rebuild investor confidence during volatile market conditions and to effectively address possible market failures that could impact the level of protection of investors. Better protected investors are also likely to make more informed investment decisions and be less prone to react irrationally to market events or follow “herd behavior” which are disruptive for financial markets and the economy as a whole. Thus\, transparency and investor protection can be seen as factors that ultimately contribute to the stability of financial markets. \nThe seminars’ main objectives are to: \n\n\n 	 Address Islamic finance-specific issues in relation to investor protection.\n 	Discuss best practices for investor protection in the ICM and the elements of a robust investor protection framework.\n 	Highlight best practices and guidelines on disclosure requirements for ICM products\, specifically for ṣukūk and Islamic collective investment schemes (ICIS).\n 	Identify issues arising from the current global environment\, and share policy actions taken by various regulators and policy makers to address emerging challenges and issues.The seminar therefore aims to increase awareness of the importance of investor protection and transparency in fostering investor confidence and ultimately the sustainability and stability of the Islamic capital markets and to provide a platform to discuss critical policy issues arising in the context of the current global financial environment\n\nProgramme Outcome \nAt the end of the seminar\, participants will have a comprehensive understanding on investor protection and disclosure requirements to strengthen investor confidence and improve financial market performance. The seminar will be structured around guidance from IFSB standards\, as well as experiences from the industry.  Participants will be able to takeaway insights on the various policy approaches and best practices in different jurisdictions to address new and emerging issues related to investor protection and transparency in light of the new global realities. \nProgramme Approach \n\n\n 	Interactive discussions on a wide array of issues on investor protection and transparency in the ICM.\n 	Discussion on the best market practices and regulatory challenges.\n\nProgramme – Event Session(s)\n\n\n\nDate\nTime\nTopics\n\n\nDay 1\n01/07/2021\n12:00 – 12:50\n\nSession 1: Strengthening Investor Protection in the Islamic Capital Markets \n\n\n 	Overview of the global Islamic capital markets and trends\n 	Overview of regulatory issues and the key principles of investor protection;\n 	The role of product governance\, conduct of business requirements (including client assets\, best execution\, and conflicts of interest etc.)\, and good practices in relation to investor redress and investor education\, and;\n 	Emerging investor protection issues in the Islamic capital markets in the context of the current global environment\n\nPresenter:  Aminath Amany Ahmed\, Member of the Secretariat\, Islamic Financial Services Board (IFSB) \n\n\n\n13:00 – 13:50\n\nSession 2: Enhancing Transparency in the Sukuk Market \n\n\n 	Overview of key regulatory considerations and specificities of Sukuk\n 	Principles of transparency and disclosure for Sukuk practices\n 	Role of transparency and disclosure in protecting Sukuk\n 	Addressing emerging issues and challenges for Sukuk through better informed investors\n\n Presenter:  Peter Casey\, IFSB Consultant  \n\n\n\n14:00 – 14:50\n\nSession 3: Enhancing Transparency in the Islamic Capital Market (ICIS) \n\n\n 	Overview of key regulatory considerations and specificities of ICIS\n 	Principles of transparency and disclosure for ICIS and regulatory best practices\n 	Role of transparency and disclosure in protecting ICIS investors\n 	Addressing emerging issues and challenges for ICIS through better informed investors\n\nPresenter: Peter Casey\, IFSB Consultant \n\n\n\n15:00 – 15:50\n\nQ&A – Safeguarding investors in a challenging global environment \n\n\n 	Implications of the COVID-19 pandemic for the Islamic capital markets\n 	Policy actions taken by regulators to mitigate the impact of the pandemic\n 	Key investor protection issues arising from the unprecedented economic and financial market conditions and addressing these issues;\n 	Promoting investors’ confidence in an uncertain environment through greater market transparency\, assessment and information.\n 	Q&A on specific considerations and policy issues unique to the Islamic capital market and the way forward.\n\nPanelists: \n\n\n 	Dr. Rifki Ismal\, Assistant Secretary-General of the IFSB\n 	Peter Casey\, IFSB Consultant\n 	Mr. Noraizat Shik Ahmad\, General Manager\, ICM Product Development\, Securities Commission Malaysia\n 	Mr. Akber Khan Senior Director\, Asset Management Group\, Al Rayan Investment\n\n\n\n\n\n 
URL:https://www.ifsb.org/event/eve00496-joint-ifsb-aifc-seminar-on-islamic-capital-market/
LOCATION:Online
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20210713
DTEND;VALUE=DATE:20210714
DTSTAMP:20260404T043936
CREATED:20210712T160019Z
LAST-MODIFIED:20231227T090612Z
UID:4557-1626134400-1626220799@www.ifsb.org
SUMMARY:4th Working Group Meeting on Revised Solvency Requirements for Takaful/Retakaful Undertakings
DESCRIPTION:The 4th Working Group Meeting on Revised Solvency Requirements for Takaful/Retakaful Undertakings is scheduled to be held as follow :\n\n \n\n\n\nDate\n13 July 2021\n\n\nTime\n2.30 PM (GMT +8.00\, KL time)\n\n\nVenue\nWeb-conference / webinar\n\n\n\n \n\nParticipation in the meeting is by INVITATION only. For more information\, please email to fadhila@ifsb.org.\n\n \n\nEvent Snapshots\n\n\n\n\n\n\n 
URL:https://www.ifsb.org/event/eve00495-4th-working-group-meeting-on-revised-solvency-requirements-for-takaful-retakaful-undertakings/
LOCATION:Online
CATEGORIES:Meetings
ATTACH;FMTTYPE=image/jpeg:https://www.ifsb.org/wp-content/uploads/2023/10/EVE00495-1-1-e1698137798517.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=UTC:20210715T163000
DTEND;TZID=UTC:20210715T183000
DTSTAMP:20260404T043936
CREATED:20210714T160047Z
LAST-MODIFIED:20231227T090602Z
UID:4549-1626366600-1626373800@www.ifsb.org
SUMMARY:GN-7: Guidance Note on Shari’ah-compliant Lender-Of-Last-Resort (SLOLR Facilities)
DESCRIPTION:ALL IFSB MEMBERS\nDate: Thursday\, 15 July 2021\nTime: 4:30 – 6:30 (Kuala Lumpur Time)\nSector: Islamic banking\nTopics: GN-7: Guidance Note on Shari’ah-compliant Lender-Of-Last-Resort (SLOLR Facilities) \n\nLiquidity availability and smooth functioning of the payments system are considered as core objectives of any regulatory and supervisory authority for the banking sector. The global financial and economic crisis underscored the importance of well-designed financial safety nets\, particularly crisis prevention strategies\, as part of a comprehensive regulatory and supervisory framework to ensure the soundness and stability of the financial system. Lender-of-last-resort (LOLR) facilities represent one of the specific instruments and preventive strategies available to central banks\, to allow liquidity to be extended to one or more temporarily “illiquid but solvent” financial institutions\, at their discretion and in exceptional circumstances. \n\nHowever\, conventional LOLR facilities normally depend on interest-bearing loans or instruments\, and therefore cannot appropriately be extended to institutions offering Islamic financial services. IFSB’s Guidance note GN-7 considers how Shari`ah-compliant lender-of-last-resort (SLOLR) mechanisms might be conceived and used. \n\nWithin this online FIS workshop\, IFSB Secretariat would like to discuss concept of the SLOLR mechanism and focus on Shari’ah-compliant contracts used to support SLOLR\, as well as on required disclosures by central banks. \n\n***REGISTRATION OPEN TO MEMBERS ONLY***
URL:https://www.ifsb.org/event/eve00497-gn-7-guidance-note-on-shariah-compliant-lender-of-last-resort-slolr-facilities/
LOCATION:Kuala Lumpur\, Kuala Lumpur\, Malaysia\, 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:20210726T163000
DTEND;TZID=UTC:20210726T183000
DTSTAMP:20260404T043936
CREATED:20210725T160025Z
LAST-MODIFIED:20231227T090551Z
UID:4543-1627317000-1627324200@www.ifsb.org
SUMMARY:Islamic Collective Investment Schemes (ICIS): Disclosures and Shari’ah Compliance Requirements (IFSB-19)
DESCRIPTION: All IFSB Members \nDate: Monday\, 26 July 2021\n\nTime: 4:30 – 6:30 (Kuala Lumpur Time)\n\nSector: Islamic Capital Markets\n\nTopics: Islamic Collective Investment Schemes (ICIS): Disclosures and Shari’ah Compliance Requirements  (IFSB-19)\n\nIslamic mutual funds\, Islamic investment funds\, Islamic real estate investment trusts – these are all (depending on jurisdiction) types of Shari’ah-compliant collective investment schemes or Islamic Collective Investment Schemes (ICIS). ICIS can play an important role\, channelling resources to the securities markets and offering Shari’ah-sensitive investors a means to achieve diversified exposure to Shari’ah-compliant investment opportunities.\n\nThis online FIS workshop session brings information on what makes ICIS disclosure on Shari’ah governance and compliance sufficient to allow Shari’ah-sensitive investors to make an informed investment decision.\n\nWithin this workshop facilitator will focus on background information on ICIS\, Shari’ah and Operations-related disclosures and other general principles.\n\n \n\n \n***REGISTRATION OPEN TO MEMBERS ONLY***
URL:https://www.ifsb.org/event/eve00498-islamic-collective-investment-schemes-icis-disclosures-and-shariah-compliance-requirements-ifsb-19/
LOCATION:Kuala Lumpur\, Kuala Lumpur\, Malaysia\, 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;VALUE=DATE:20210729
DTEND;VALUE=DATE:20210730
DTSTAMP:20260404T043936
CREATED:20210728T160025Z
LAST-MODIFIED:20231227T090540Z
UID:4537-1627516800-1627603199@www.ifsb.org
SUMMARY:54th Meeting of the Technical Committee of the IFSB (Online)
DESCRIPTION:The 54th Meeting of the Technical Committee of the IFSB is scheduled to be held online as follows:\n\n \n\n\n\nDate\nThursday\, 29 July 2021\n\n\nTime\n15:30 – 19:05 (Kuala Lumpur Time\, GMT +8)\n\n\n\n \n\nParticipation in the meeting is by invitation only. For more information please email to: khairun.nissa@ifsb.org
URL:https://www.ifsb.org/event/eve00501-54th-meeting-of-the-technical-committee-of-the-ifsb-online/
LOCATION:Online
CATEGORIES:Meetings
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20210803
DTEND;VALUE=DATE:20210804
DTSTAMP:20260404T043936
CREATED:20210802T160036Z
LAST-MODIFIED:20231227T090526Z
UID:4531-1627948800-1628035199@www.ifsb.org
SUMMARY:Joint IFSB-CMA Saudi Arabia Seminar On Islamic Capital Market
DESCRIPTION:Type: Seminar\n\nTarget Audience: Senior Management from Regulatory and Supervisory Authorities and Market Players\n\nDuration: 4 hours\n\nProgram Overview:\n\nThe pandemic has unexceptionally affected all economic and financial sectors globally\, including the Islamic financial services sector. Given the ongoing uncertainty created by the pandemic and the potential risks it poses for economic growth and financial stability\, protecting investors against possible market failures\, as well as enhancing transparency and information available to investors are essential in regaining investor trust and confidence in the Islamic capital markets\, which is in turn\, crucial to prevent any deterioration of market conditions.\n\nMany market failures directly impact investors\, including asymmetry of information\, agency problems or detrimental conflicts of interest. They may affect the functioning of the market and contribute to the perception that capital markets are an unsafe environment. Thus\, it is imperative for policy makers and regulators to address these issues through regulatory intervention\, in order to rebuild investor confidence during volatile market conditions and to effectively address possible market failures that could impact the level of protection of investors. Better protected investors are also likely to make more informed investment decisions and be less prone to react irrationally to market events or follow “herd behavior” which are disruptive for financial markets and the economy as a whole. Thus\, transparency and investor protection can be seen as factors that ultimately contribute to the stability of financial markets.\n\nThe seminar therefore aims to increase awareness of the importance of investor protection and transparency in fostering investor confidence and ultimately the sustainability and stability of the Islamic capital markets and to provide a platform to discuss critical policy issues arising in the context of the current global financial environment.\n\nObjectives\n\nThe seminars’ main objectives are to:\n\n 	Address Islamic finance-specific issues in relation to investor protection.\n 	Discuss best practices for investor protection in the ICM and the elements of a robust investor protection framework.\n 	Highlight best practices and guidelines on disclosure requirements for ICM products\, specifically for ṣukūk and Islamic collective investment schemes (ICIS).\n 	Identify issues arising from the current global environment\, and share policy actions taken by various regulators and policy makers to address emerging challenges and issues.\n\nProgramme Outcome\n\nAt the end of the seminar\, participants will have a comprehensive understanding on investor protection and disclosure requirements to strengthen investor confidence and improve financial market performance. The seminar will be structured around guidance from IFSB standards\, as well as experiences from the industry. Participants will be able to takeaway insights on the various policy approaches and best practices in different jurisdictions to address new and emerging issues related to investor protection and transparency in light of the new global realities.\n\nProgramme Approach\n\nDiscussion on the best market practices and regulatory challenges\nInteractive discussions on a wide array of issues on investor protection and transparency in the ICM\n\nEvent Snapshots:
URL:https://www.ifsb.org/event/eve00502-joint-ifsb-cma-saudi-arabia-seminar-on-islamic-capital-market/
LOCATION:Kuala Lumpur\, Kuala Lumpur\, Malaysia\, Malaysia
CATEGORIES:Awareness Programme
ATTACH;FMTTYPE=image/png:https://www.ifsb.org/wp-content/uploads/2023/12/Group-1146.png
END:VEVENT
END:VCALENDAR