Events

The Roundtable Discussion is hosted by the Dubai Financial Services Authority. PARTICIPATION IS BY INVITATION ONLY Programme - Event Session(s) Date Time Topics Day 1 21/02/2010 09:15 - 09:30 Opening Remarks 09:30 - 10:00 Session 1 Presentation on Exposure Draft 10:00 - 10:45 Session 2 Key Feature 1: Adoption of Total Balance Sheet Approach 10:45 - 11:15 Coffee Break 11:15 - 12:30 Session 3 Key Feature 2: Solvency Requirements for Every Fund Key Feature 3: Solvency Control Levels for Every Fund Key Feature 4: Quality and Suitability of Solvency Resources 12:30 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 4 Key Feature 5: Comprehensive Risk Management Framework Key Feature 6: Regulatory Assessment of Risk Management Framework Key Feature 7: Disclosure of Takāful Undertaking’s Solvency Position 15:30 - 17:00 Session 5 Guidance Note on the Recognition of Ratings by External Credit Assessment Institutions (ECAIs) on Takāful and ReTakāful Undertakings Downloadable Document(s) 1.) Event Session(s) - PDF Format

Dubai Financial Services Authority will be hosting the 5th Seminar on the Regulation of Takaful. More information will be uploaded in due course. Programme - Event Session(s) Date Time Topics Day 1 22/02/2010 09:00 - 09:30 Registration and Morning Coffee 09:30 - 10:00 Opening and Keynote Session 10:00 - 10:15 Briefing by the Seminar Chair 10:15 - 10:45 Networking Session and Coffee Break 10:45 - 13:00 Session 1: Solvency for Takāful Operations: Critical Elements for Prudential Regulations 13:00 - 14:30 Lunch and Prayers 14:30 - 16:00 Session 3: Governance of Takāful 16:00 - 17:00 Networking Session and Coffee Break Day 2 23/02/2010 09:00 - 09:30 Morning Coffee 09:30 - 11:00 Session 4: Risk Management and Disclosure in Takāful Practices 11:00 - 11:30 Networking Session and Coffee Break 11:30 - 13:00 Session 5: The Role and Recognition of Ratings by External Credit Assessment Institutions 13:00 - 13:15 Closing Remarks by Mr. Paul Koster, Chief Executive, Dubai Financial Services Authority 13:15 - 14:00 Lunch and End of Seminar Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Hotel Reservation Form 3.) Registration Form - Microsoft Word Format 4.) Registration Form - PDF Format

The IFSB is organising 2 Workshops on Islamic Finance in Doha, Qatar. The Workshops are: i) 30 March 2010 - Management and Supervision of Profit Sharing Investment Accounts (PSIA) ii) 31 March 2010 - Prudential Regulation for Islamic Windows Both Workshops will be hosted by Qatar Central Bank. More information will be uploaded in due course. Programme - Event Session(s) Date Time Topics Day 1 30/03/2010 08:30 - 09:00 Registration 09:00 - 10:30 Session 1: Treatment of profit sharing investment accounts (PSIA) as deposits and quasi deposit products: Shari’ah and legal perspectives Conceptual background on the Mudarabah contracts, which treat PSIA as investments. Why PSIA are being treated differently in practice, often as a deposit-like product? Legal and market considerations often seek to protect PSIA; how to reconcile the legal and market considerations and Shari’ah considerations? 10:30 - 11:00 Coffee Break and Networking 11:00 - 12:30 Session 2: Management of PSIA, and measurement of DCR, “Alpha” and capital adequacy Modeling investment accounts management by Islamic banks Determination of the Alpha factor in the capital adequacy ratio: A practical approach Case study on Qatari banks 12:30 - 14:00 Lunch and Zhur Prayer 14:00 - 15:30 Session 3: Supervisory and Regulatory Implications of Treating PSIA as deposit like products Supervisory discretion on Alpha and supervisory assessments of “negligence and misconduct” Corporate governance and disclosure requirements Implications for stress testing approaches and scenarios End of Workshop Day 2 31/03/2010 08:30 - 09:00 Registration 09:00 - 10:30 Session 1: Supervisory Review Process for Islamic Windows Overview of the IFSB standard on supervisory review process Application of the IFSB standard on supervisory review process for Islamic windows 10:30 - 11:00 Coffee Break and Networking 11:00 - 12:30 Session 2: Risk Management and Capital Adequacy for Islamic Windows Overview of the IFSB risk management and capital adequacy standards Relevance of the IFSB Risk management and capital adequacy standard to Islamic windows Special treatment for risk management and capital adequacy for Islamic windows 12:30 - 14:00 Lunch and Zhur Prayer 14:00 - 15:30 Session 3: Disclosure to Promote Transparency and Market Discipline for Islamic Windows Overview of the IFSB corporate governance standard and disclosures to promote transparency and market discipline Applicability of the IFSB corporate governance standard and disclosures to promote transparency and market discipline to Islamic windows End of Workshop Downloadable Document(s) 1.) Event Session(s) - PDF Format

Standard on Solvency Requirements for Takaful (Islamic Insurance) Undertakings Programme - Event Session(s) Date Time Topics Day 1 02/04/2010 09:00 - 09:30 Registration 09:30 - 10:30 Workshop on IFSB Exposure Draft 11 Standard on Solvency Requirements for Takāful (Islamic Insurance) Undertakings 10:30 - 11:00 Question and Answer Session 11:00 - 11:30 Coffee Break and End of Workshop Downloadable Document(s) 1.) Event Session(s) - PDF Format

The Seminar, themed "Eminent Challenges and Future Directions", is held in conjunction with the IFSB Annual Meetings 2010, which the Central Bank of Sudan is hosting. Programme - Event Session(s) Date Time Topics Day 1 05/04/2010 09:00 - 09:30 Registration 09:30 - 10:00 Opening and Keynote Session 10:00 - 10:30 Coffee Break 10:30 - 11:45 Session 1: The Global Financial Crisis: Implications for Islamic Financial Services Industry 11:45 - 13:00 Session 2: Islamic Finance and Emerging Financial Architecture 13:00 - 14:30 Lunch 14:30 - 16:00 Session 3: Enhancing Legal and Rating Infrastructures for Islamic Finance 20:00 - 22:00 Welcoming Dinner (For IFSB Members Only) Day 2 06/04/2010 09:30 - 13:00 16th Meeting of the Council (For IFSB Council Members Only) 14:15 - 16:00 Inaugural Financial Stability Forum for Islamic Financial Services Industry (For IFSB Council Members Only) 16:00 - 17:00 8th IFSB General Assembly (For IFSB Members Only) Downloadable Document(s) 1.) Event Session(s) - PDF Format

Programme - Event Session(s) Date Time Topics Day 1 06/04/2010 14:15 - 14:20 Opening Remarks H.E. Dr. Sabir Mohamed Hassan, Governor Central Bank of Sudan & Chairman of the IFSB Council 14:20 - 15:00 Session 1: Capacity building in the financial sector Strategies for strengthening financial institutions, to: Ensure that the financial sector supports the real economic sector; Ensure that financial inclusion is extensive (for sectors like SMEs, agricultural, etc.); Have in place the framework for development of financial restructuring and resolution; and Ensure implementation and execution of financial sector reforms. Speaker: Professor Dr. Volker Nienhaus, Former President, University of Marburg, Germany Discussant: Dr. V. Sundararajan, Director, Centennial Group Holdings Inc. US 15:00 - 15:45 Session 2: Capacity building for central banks and regulatory authorities Organisational development to enhance capacity for financial stability mandate in the areas of: Surveillance; Supervision; Enforcement of standards; and Expertise and talent development. Speaker: H.E. Dr. Zeti Akhtar Aziz, Governor, Bank Negara Malaysia Discussant: H.E. Dr. Atiur Rahman, Governor, Bangladesh Bank Downloadable Document(s) 1.) Event Session(s) - PDF Format

The Central Bank of Bahrain will be hosting the 7th Islamic Financial Services Board Summit 2010. For sponsorship and partnership opportunities, please contact Mrs Siham Ismail at [email protected] or + 603 2698 4248 ext: 119. More information will be uploaded in due course. Programme - Event Session(s) Date Time Topics Day 1 03/05/2010 09:00 - 11:30 PRE-SUMMIT EVENT Public Hearing on IFSB Exposure Draft 11: Standard On Solvency Requirements For Takāful (Islamic Insurance) Undertakings 11:30 - 13:30 Luxembourg Country Showcase 17:00 - 19:00 Summit Pre-Registration 18:00 - 19:00 Summit Welcome Cocktail and Exhibition 19:00 - 21:00 Malaysia Showcase Dinner Day 2 04/05/2010 08:00 - 08:45 Registration 08:45 - 09:45 Opening and Keynote Session 09:45 - 10:15 Networking Session and Coffee Break 10:15 - 11:30 Session 1: The Changing Landscape of Financial Regulation: Implications for Islamic Finance The lessons learnt from the shortcomings in the existing regulations and policies guiding the international financial system have led to significant changes being initiated in the landscape of global financial regulation within the past year In light of this, what are the implications for the regulation and supervision of Islamic finance? Are the existing financial regulation structure and prudential standards for Islamic finance equipped to address the industry’s future challenges? What are the priority areas of prudential regulation of Islamic finance that need attention? 11:30 - 12:45 Session 2: New Architecture for Liquidity Management for Islamic Financial Instruments There is an apparent void in Sharī`ah-compliant money market instruments for liquidity management, and in the development of Islamic money markets across the globe. What is the existing framework of liquidity management for Islamic financial instruments? What would be the characteristics of a new architecture for the liquidity management? What have been the hindrances to past attempts to develop Islamic money markets and to facilitate liquidity management by central banks and other financial institutions? How can international and regional cooperation contribute to facilitating effective liquidity management by IIFS with the support of central banks. 12:45 - 14:00 Session 3 : Macro-Prudential Surveillance Issues for Islamic Finance Monitoring systemic risks in the financial industry is of immense importance so as to give early warnings of financial instability. This is especially so, given that financial crises can have huge costs. This session will look into the pertinent issues and areas of concern for macro-prudential surveillance in Islamic finance. What structures and risks have to be examined in the Islamic financial services industry? What types of data are needed to conduct macro-prudential analysis and surveillance? 14:00 - 15:30 Lunch and Prayers 19:00 - 21:00 Summit Gala Dinner & Keynote Address Day 3 05/05/2010 09:30 - 11:00 Session 4 : Balanced growth of Islamic finance- the Sectoral Composition of the Islamic Financial Services Industry as a contributor to growth with stability The recent global financial crisis has demonstrated that the composition of the different sectors within the financial industry – particularly banking and securities markets and their interaction – plays a role in its balanced development and stability This session will discuss whether the current and evolving composition of the Islamic financial services industry is optimal for its sound development with stability. What role should national regulators and market players have in guiding the balanced development of the banking, capital market and takaful sectors? What are the regulatory challenges in promoting this balanced development? 11:00 - 11:30 Networking Session and Coffee Break 11:30 - 13:00 Session 5 : New Islamic Financial Architecture: Challenges Ahead The relative roles of international financial institutions, standard-setting bodies, and global forums, which constitute the global international financial architecture and infrastructure, are still undergoing transformation in response to the global financial crisis. In parallel, the institutional architecture of financial regulations at the national level must respond to changes in both the industry and the global architecture. To what extent have the roles of international organisations and standard-setting bodies in the supervision of the global financial system changed? Does this imply the need for a new set of international infrastructure arrangements for Islamic finance in order to provide an effective contribution to global financial stability? What are the challenges for the existing International Islamic Infrastructure institutions (e.g. IFSB, etc.). Is there a need for changes in the various national institutional architectures for Islamic finance in response to global developments? 13:00 - 14:30 Lunch and Prayers END OF IFSB SUMMIT 2010 Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) 7th IFSB Summit Programme Agenda 3.) 7th_IFSB_Summit's_Brochure 4.) Mark Your 2010 Calendar for the 7th IFSB Summit 5.) The Ritz-Carlton Bahrain Hotel & Spa - Hotel Reservation Form