Programme - Event Session(s) Date Time Topics Day 1 08/12/2021 16:00 - 16:30 Registration 16:30 - 16:45 Opening Remarks Dr. Bello Lawal Danbatta, Secretary-General, IFSB 16:45 - 17:00 Welcoming Remarks H.E. Khaled Mohamed Balama, Governor, CBUAE 17:00 - 17:10 Special Address  H.E. Abdul Aziz Al Ghurair, Chairman, UBF 17:10 - 17:45 Public Lecture 1: Islamic Finance and Sustainability: Synergies, Strategies and Risks As the global economy gradually moves towards adopting a more sustainable development model, the Islamic finance industry has tremendous opportunities to meet the expanding needs in this segment. The principles of Islamic finance naturally form substantial synergies with the global sustainability agenda. While there have been several national-led as well as market-driven initiatives for issuance of sustainable Islamic financial products, a more substantial and wider transformation towards sustainable Islamic finance and related innovation requires collective action by policy-makers and regulators, market players and international bodies to ensure alignment and effectiveness of policies and strategies. Further growth in the supply of sustainable Islamic finance products also requires addressing some of the current gaps including information gaps to ensure the alignment of incentives, results measurement and effective risk management. The session aims to discuss the potential strategies and opportunities to harness the synergies between Islamic finance and sustainable development and important policy considerations. 17:45 - 18:15 Break 18:15 - 18:25 Keynote H.E. Dr. Reza Baqir, Governor, SBP 18:25 - 19:00 Public Lecture 2: Cybersecurity in the Era of Digitalisation: Regulatory Perspective Digitalisation of financial services has emerged as a powerful disruptor that is rapidly reshaping the real economy and the financial sector on a global scale. While digitalisation of Islamic finance also has the potential to deliver environmental outcomes and support a transformation in financing for sustainable development, the impact of digital finance will depend on policy and regulatory measures that, among other things, minimise any potential negative and unintended consequences such as cyber security risks. Hence, cyber security threats have captured prominent regulatory attention, especially financial stability implications and increased systemic risks due to financial interlinkages. While cyber risk is not unique to Islamic finance, it is an equally significant concern that presents new regulatory and supervisory challenges. The session aims to discuss critical considerations and gaps from a regulatory perspective, to improve cybersecurity as more Islamic financial institutions embrace digitalisation of their products and services. 19:00 - 21:00 Dinner

In its 55th Technical Committee Meeting held on 28 October 2021, the Technical Committee of the Islamic Financial Services Board (IFSB) has approved the issuance of the of the following Exposure Draft (ED) :   Technical Note on Recovery and Resolution for Institutions Offering Islamic Financial Services (IIFS)   The Public Consultation will be for a period of 45 days, starting from 15 November 2021 until 29 December 2021.   In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the TN-4 on 14 December 2021 at 2.30 PM (GMT +8.00, Malaysia time). Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme.   Kindly register in advance for this webinar: https://zoom.us/webinar/register/WN_zTBfdtU_RpaKxW0NV3qKgA   An email confirmation containing about joining the webinar will be sent after registration.   Ms. Fadhila Izzati Mokhtar ([email protected]) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar.   We look forward to receiving your registration for Public Hearing session as well as feedback on TN-4

Title: Demystifying Crypto Currencies & Blockchain from a Shariah Perspective Date: Tuesday, 14th of December, 2021 Time: 11.00a.m. – 1.00p.m. (GMT +3)   Type: International Executive Webinar   Duration: 2 hours   Programme Overview: The interest towards crypto-currencies and the technology that enables it, blockchain, is continuously increasing. There have been many discourses that have discussed the feasibility and nature of cryptocurrencies and its enabler technology. The outcome has been either to support it due to its many features that are unique compared to traditional fiat money, or to go against it, as it still contains elements that are heavily unregulated and may lead to a multitude of issues in terms of loss, involvement of illegal activities, and high volatility. This webinar seeks to thoroughly explain and deliberate the cryptocurrency specifically and blockchain in general from the angle of Shari’ah and how it is affecting the Islamic finance industry. As a result of the ever-growing interest on this topic, regulators are also expected to have certain measures in place as a much-needed response. Programme Approach: The programme will rely on Interactive online discussions through the provision of direct engagement with the subject matter experts and sharing of country and organisational experiences. The subject experts will first present their specific areas of discourse and this will then be followed by a Q and A session involving the moderator and audience. Agenda: Bahrain Time Session 11.00a.m. – 11.10a.m. Moderator Opening Mr. Mujtaba Khalid (Head of Center for Islamic Finance – BIBF)   11.10a.m. – 11.20a.m. Opening remarks Dr. Bello Lawal Danbatta (Secretary-General – IFSB)   11.20a.m. – 12.20p.m. Main Discussion Examining cryptocurrency and blockchain from a Shariah perspective Subject Matter Expert 1: Dr. Ahmad Asad, Principal Lecturer, BIBF Subject Matter Expert 2: Dr. Shaban Burwari, Shariah Advisor, IFSB 12.20p.m. – 1.00p.m. Question & Answer session led by moderator  

In its IFSB 4th Extraordinary Technical Committee Meeting held on 22 November 2021, the Technical Committee of the Islamic Financial Services Board (IFSB) has approved the issuance of the of the following Exposure Draft (ED) : · Revised Standard on Solvency Requirements for Takaful / Retakaful Undertakings The Public Consultation period will be from 20 December 2021 until 10 February 2022. In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-28 on 3 February 2022 at 3.30 PM (GMT +8.00, Malaysia time). Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme. Kindly register in advance for this webinar: https://zoom.us/webinar/register/WN_1v1BxVF2QT6AvJVvte_Ttg An email confirmation containing about joining the webinar will be sent after registration. Ms. Fadhila Izzati Mokhtar ([email protected]) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar. We look forward to receiving your registration for Public Hearing session as well as feedback on ED-28.