6th Meeting of the Executive Committee
2021-11-08 | Jeddah, Jeddah, Saudi Arabia, Saudi Arabia
The Secretariat is pleased to announce that the 6th Meeting of the Executive Committee will be held on Monday, 8 November 2021 in Jeddah, Kingdom of Saudi Arabia.

Participation is by invitation only. For participation enquiries and registration for the meeting, please email to Ms. Nissa at khairun.nissa@ifsb.org

15th IFSB Summit
2021-11-09 - 2021-11-11 | Jeddah, Jeddah, Saudi Arabia, Saudi Arabia
The IFSB Summit 2021 was held on 9 to 11 November 2021 at Jeddah, Saudi Arabia hosted by Central Bank of Saudi Arabia
15TH IFSB SUMMIT, DAY 1: PRE-SUMMIT EVENTS | TUESDAY, 9 NOVEMBER 2021

15th IFSB SUMMIT, DAY 2: SUMMIT EVENTS | WEDNESDAY, 10 NOVEMBER 2021

15TH IFSB SUMMIT, DAY 3: SUMMIT EVENTS | THURSDAY, 11 NOVEMBER 2021

15th IFSB Summit 2021
2021-11-09 - 2021-11-11 | Jeddah, Jeddah, Saudi Arabia, Saudi Arabia
The 15th IFSB Summit aims to bring together financial industry leaders, experts, policymakers and other stakeholders to share knowledge, experience and expertise under the theme of “Islamic Finance and Digital Transformation: Balancing Innovation and Resilience”. The Summit will provide a forum to discuss policy priorities and strategies to foster renewed growth momentum in the Islamic financial services industry (IFSI), focusing particularly on digital transformation of Islamic financial services.

The Summit will provide an opportunity to share ideas and deepen the understanding of emerging developments and advances in financial technology and digital finance across the various sectors of the IFSI, the different regulatory approaches and practices that have been applied by jurisdictions and their effectiveness, as well as the challenges and trade-offs, and the policy actions that are needed going forward to further promote innovation whilst ensuring resilience and financial stability. The sessions will also include discussions that renew the focus on harnessing the inherent values and principles of Islamic finance to provide value-based solutions to strengthen the link between innovation in Islamic finance and the real economy, while also supporting long term sustainable development and ESG objectives. Further, it will look at potential strategies to facilitate use of digital finance and financial technologies by Islamic financial institutions to target underserved populations and SMEs to foster more inclusive growth of Islamic finance. It will also provide opportunities to discuss relevant issues around structural changes in the Islamic finance industry as a result of technological developments, including management of cyber risk, issues around crypto-assets and the effective use of regulatory and supervisory technology.

Across the various sessions during the two-day Summit, industry leaders will be able to discuss the most prominent and current issues in the industry and identify the key policy objectives going forward for standard setters as well as for national authorities.

ENQUIRIES

If you have any inquiries regarding registration or participation in the 15th IFSB Summit, please direct your queries to:

Registration

Sponsorship & Press

Mr. Iswaran A/L Shamugam
Tel.: +603 9195 1426 or +603 9195 1400
iswaran@ifsb.orgMs. Noor Azmah Mohd Yusoff
Tel: +603-9195 1434
noor.azmah@ifsb.org

Ms. Natejah Ahmad
Tel.: +603 9195 1426 or +603 9195 1400
natejah@ifsb.orgMs. Rosmawatie Abdul Halim
Tel: +603-9195 1425
rosmawatie@ifsb.org

TRAVELLING REQUIREMENTS

Participants that physically attending the event shall make their own arrangement. However, should you require a letter from the IFSB to facilitate your visa application, please contact the IFSB Secretariat.

Please see below travelling requirements requested by health authorities in Saudi Arabia with regard to Covid-19 precautions:

Summit participants must obtain and show a proof of vaccination (vaccine certificates for COVID 19) with one of the flowing vaccines:

2 doses of Pfizer BioNTech
2 doses of Oxford AstraZeneca
2 doses of Moderna
1 dose of Johnson&Johnson’s Janssen

Vaccine certificates are required to be certified by official health authorities from the country that provided the vaccination.
The second dose of a two-dose vaccine or the first dose of a single dose vaccine should be taken at least (14) days before arrival to the Kingdom of Saudi Arabia.
Summit participants must carry their vaccine certificates at all times during their stay in the kingdom (Or prove of health status through applications and accredited programs in the kingdom)
Summit participants must provide a negative result of (PCR) test certificate not exceeding (72) hours before departure to the Kingdom of Saudi Arabia.

Summit participants must provide a negative result of (PCR) test certificate not exceeding (72) hours before departure to the Kingdom of Saudi Arabia.

For more information, please visit https://wwwnc.cdc.gov/travel/notices/covid-4/coronavirus-saudi-arabia

Entry Status to KSA
# Country Status
1. Egypt Banned
2. Lebanon Banned
3. Indonesia Banned
4. Turkey Banned
5. Pakistan Banned
6. Japan Quarantine required
7. Switzerland Quarantine required
8. UK Quarantine required
9. USA Quarantine required
10. Germany Quarantine required
11. All remaining countries No entry restrictions

Before coming to Saudi Arabia, participants from allowed countries should not pass by the below countries for the 14 days before entering KSA:

1. Ireland
2. Germany
3. Indonesia
4. Italy
5. Pakistan
6. Brazil
7. Portugal
8. UK
9. USA
10. Turkey
11. Sweden
12. Switzerland
13. France
14. Lebanon
15. Egypt
16. India
17. Japan

ACCOMMODATION INFORMATION

Participants that physically attending the event shall make their own arrangement for accomodation. However, the Secretariat has secured preferential rates are the following hotels. You are required to make your reservations directly with the hotel. The reservation forms are available for download.

https://www.ritzcarlton.com/en/hotels/saudi-arabia/jeddah

ABOUT THE IFSB

The Islamic Financial Services Board (IFSB) is an international standard-setting ‎organisation that promotes and enhances the soundness and stability of the Islamic ‎financial services industry by issuing global prudential standards and guiding principles ‎for the industry, broadly defined to include banking, capital markets and insurance ‎sectors.‎

As at June 2021, the 187 members of the IFSB comprise 81 regulatory and supervisory authorities, 10 international inter-governmental organisations, and 96 market players (financial institutions, professional firms, industry associations and stock exchanges) operating in 57 jurisdictions.

Towards this end, the IFSB works closely with relevant international, regional and ‎national organisations, research/educational institutions and market players.

For more information about the IFSB, please visit www.ifsb.org

Latest IFSB Press Releases
List of IFSB Members
List of IFSB Publications
List of IFSB upcoming events

ABOUT CENTRAL BANK OF SAUDI ARABIA

Saudi Central Bank, the central bank of the Kingdom of Saudi Arabia, was established in 1372H (1952). It has been entrusted with performing many functions pursuant to several laws and regulations. The most important functions are the following:

To deal with the banking affairs of the Government;
Minting and printing the national currency (the Saudi Riyal), strengthening the Saudi currency and stabilizing its external and internal value, in addition to strengthening the currency’s cover;
Managing the Kingdom’s foreign exchange reserves;
Managing the monetary policy for maintaining the stability of prices and exchange rate;
Promoting the growth of the financial system and ensuring its soundness;
Supervising commercial banks and exchange dealers;
Supervising cooperative insurance companies and the self-employment professions relating to the insurance activity;
Supervising finance companies;
Supervising credit information companies.

Source: https://www.sama.gov.sa/en-US/About/Pages/SAMAFunction.aspx

ABOUT KINGDOM OF SAUDI ARABIA

The Kingdom of Saudi Arabia occupies most of the Arabian Peninsula, the original homeland of the Arabs, the place of origin of the Arabian language, and the historic center of Islam. Saudi Arabia is bounded by the Red Sea in the west and the Persian Gulf in the east. The country borders Iraq, Jordan, Kuwait, Oman, Qatar, United Arab Emirates, and Yemen. The country shares maritime borders with Bahrain, Egypt, Eritrea, Iran, and Sudan.

Saudi Arabia is the largest state in Western Asia with an area of more than 2 million km²; it is almost four times the size of Metropolitan France or somewhat larger than Mexico.

The sparsely inhabited country has a population of 34.8 million inhabitants (in 2020), the capital and largest city is Riyadh, the spoken language is Arabic. Saudi Arabia is a country with a predominantly Muslim population. The country is home to Mecca, Islam’s holiest city and the birthplace of the Prophet Muhammad. The kingdom is ruled by the house of Saud along traditional Islamic lines.

Saudi Arabia is the largest oil producer in the Middle East. The proven oil reserves in Saudi Arabia are the second largest in the world, estimated to be 266 billion barrels.

Source: https://www.nationsonline.org/oneworld/saudi_arabia.htm

REGISTRATION

The 15th Islamic Financial Services Board Summit is open to all IFSB members and interested parties.

Participants are required to submit the registration form either online or by fax/email. Confirmation of participation will be given upon payment of the Summit fees and on a first-come-first-served basis.

The IFSB will issue a confirmation letter upon receipt of payment and participants are required to bring this letter during registration on the event day.

To ensure your seat, please submit your registration to the IFSB Secretariat by 8 October 2021. Priority of confirmation will be given to members of the IFSB.

DOWNLOADABLE DOCUMENTS
15th Summit Registration Form

15th IFSB Summit Programme

1st Working Group Meeting on Revised IFSB Guiding Principles on Corporate Governance for Institutions offering Islamic Financial Services [Banking Segment]
2021-11-23 | Online
The1st Working Group Meeting on Revised IFSB Guiding Principles on Corporate Governance for Institutions offering Islamic Financial Services [Banking Segment] is scheduled to held as follow :

Date
23 November 2021

Time
3.00 PM (GMT +8.00, KL time)

Venue
via web conference / webinar

Participation in the meeting is by INVITATION only. For more information please email to: fadhila@ifsb.org

Event Snapshots

1st Working Group Meeting on Conduct of Business and its Prudential Supervision in Takaful Standard
2021-11-25 | Online
The 1st Working Group Meeting on Conduct of Business and its Prudential Supervision in Takaful Standard is scheduled to held as follow :

Date
25 November 2021

Time
3.30 PM (GMT +8.00, KL time)

Venue
via web conference / webinar

Participation in the meeting is by INVITATION only. For more information please email to: fadhila@ifsb.org

39th Meeting of the Council of the Islamic Financial Services Board (IFSB) and Side Events
2021-12-07 - 2021-12-09 | United Arab Emirates, United Arab Emirates, United Arab Emirates, United Arab Emirates
The Secretariat is pleased to announce that the 39th Meeting of the Council will be held on Thursday, 9 December 2021 in the United Arab Emirates (UAE). A series of side events will also be held in conjunction with the Council meeting from 7 – 8 December 2021.

The 39th Meeting of the Council will be chaired by H.E. Khaled Mohamed Balama Al Tameemi, Governor of the Central Bank of the United Arab Emirates and Chairman of the IFSB for 2021.

Participation in the Council meeting is by invitation only. For inquiries and registration, please email Ms. Nissa at khairun.nissa@ifsb.org. More information will be posted on this page in the weeks ahead.

The IFSB and the Central Bank of the United Arab Emirates look forward to the participation of the IFSB members in the meeting and side events.

13th Public Lecture on Sustainability and Cyber Resilience
2021-12-08 16:00 - 21:00 UTC
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

Webinar for the Public Hearing on TN-4 : Technical Note on Recovery and Resolution for Institutions Offering Islamic Financial Services (IIFS)
2021-12-14 | Online
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 (fadhila@ifsb.org) 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

Demystifying Crypto Currencies & Blockchain from a Shariah Perspective
2021-12-14 11:00 - 13:00 UTC | Online
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

4th Task Force Meeting of Technical Note on Shariah-compliant Liquidity Management Tools
2021-12-15 | Online
The 4th Task Force Meeting of Technical Note on Shariah-compliant Liquidity Management Tools is scheduled to be held as follow :

Date
15 December 2021

Time
4.30 PM (GMT +8.00, KL time)

Venue
Web-conference / webinar

Participation in the meeting is open to the Task Force members only. For more information, please email to fadhila@ifsb.org.

Event Snapshots

Digital Transformation in Islamic Banking; A Case Study
2021-12-31 14:00 - 16:30 UTC | Online

6th Joint Working Group Meeting on Shariah Governance Framework for Institutions Offering Islamic Financial Services
2022-01-11 | Online
The 6th Joint Working Group Meeting on Revised Shariah Governance Framework for Institutions Offering Islamic Financial Services (RSGF) is scheduled to be held as follow :

Date
11 January 2022

Time
3.30 PM (GMT +8.00, KL time)

Venue
Web-conference / webinar

Participation in the meeting is open to the Working Group members only. For more information, please email to fadhila@ifsb.org.

Event Snapshots

2nd Working Group Meeting on Conduct of Business and its Prudential Supervision in Takaful Standard
2022-01-27 | Online
The 2nd Working Group Meeting on Conduct of Business and its Prudential Supervision in Takaful Standard is scheduled to held as follow :

Date
27 January 2022

Time
3.30 PM (GMT +8.00, KL time)

Venue
via web conference / webinar

Participation in the meeting is open for the Working Group members only. For more information please email to: fadhila@ifsb.org

Event Snapshots

Public Hearing on the ED-28 : Revised Standard on Solvency Requirements for Takaful/Retakaful Undertakings
2022-02-03 | Online
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 (fadhila@ifsb.org) 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.

34th Meeting of the Arabic Editing Committee
2022-02-06 14:00 - 2022-02-15 18:00 (Asia/Kuala_Lumpur) | Online
The 34th Meeting of the Arabic Editing Committee of the IFSB is scheduled to be held online as follows:

Date
6 – 15 February 2022

Time
2:00 PM – 6:00 PM (Malaysia time)

Participation in the meeting is by invitation only. For more information please email to Ms. Nissa at khairun.nissa@ifsb.org

7th Meeting of the Technical Note on Recovery and Resolution Plan for Institutions offering Islamic Financial Services (IIFS)
2022-02-07 | Online
The 7th Meeting of the Technical Note on Recovery and Resolution Plan for Institutions offering Islamic Financial Services (IIFS) is scheduled to held as follow :

Date
7 February 2022

Time
3.00 PM (GMT +8.00, KL time)

Venue
via web conference / webinar

Participation in the meeting is open for the Task Force members only. For more information please email to: fadhila@ifsb.org

Event Snapshots

2nd Working Group Meeting of the Revised Guiding Principles on Corporate Governance for Institutions offering Islamic Financial Services [Banking Segment]
2022-02-08 | Online
The 2nd Working Group Meeting of the Revised Guiding Principles on Corporate Governance for Institutions offering Islamic Financial Services [Banking Segment] is scheduled to held as follow :

Date
8 February 2022

Time
3.30 PM (GMT +8.00, KL time)

Venue
via web conference / webinar

Participation in the meeting is open for the Working Group members only. For more information please email to: fadhila@ifsb.org

1st Meeting of IFSB IFSI Stability Report Quality Improvement Committee
2022-02-17 | Online
The ‘1st Meeting of IFSB IFSI Stability Report Quality Improvement Committee’ is scheduled to be held as follow :

Date
17 February 2022

Time
3.30 PM (GMT +8.00, KL time)

Venue
Web-conference / webinar

Participation in the meeting is open to the committee members only. For more information, please email to fadhila@ifsb.org.

5th Task Force Meeting of Technical Note on Shariah-compliant Liquidity Management Tools
2022-02-28 | Online
The 5th Task Force Meeting of Technical Note on Shariah-compliant Liquidity Management Tools is scheduled to be held as follow :

Date
28 February 2022

Time
4.30 PM (GMT +8.00, KL time)

Venue
Web-conference / webinar

Participation in the meeting is open to the Task Force members only. For more information, please email to fadhila@ifsb.org.

FIS workshop - National Insurance Commission of Nigeria – NAICOM
2022-03-02 - 2022-03-03 | Online
This FIS Workshop is tailored for National Insurance Commission of Nigeria – NAICOM as part of IFSB’s implementation tools offered as membership benefits which are available to all members upon request.
The 2-day workshop covers IFSB-8: Guiding Principles on Governance for Takaful Undertakings and IFSB-11: Standard on Solvency Requirements for Takaful Undertakings.

7th Working Group Meeting on Revised Solvency Requirements for Takaful/Retakaful Undertakings
2022-03-09 | Online
The 7th Working Group Meeting on Revised Solvency Requirements for Takaful/Retakaful Undertakings is scheduled to be held as follow :

Date
9 March 2022

Time
3.00 PM (GMT +8.00, KL time)

Venue
Web-conference / webinar

Participation in the meeting is open to the Working Group members only. For more information, please email to fadhila@ifsb.org.

Event Snapshots

FIS workshop for National Bank of Tajikistan (NBT)
2022-03-09 - 2022-03-11 | Online
This FIS Workshop is tailored for the National Bank of Tajikistan as part of IFSB’s implementation tools offered as membership benefits which are available to all members upon request.

The 3-day workshop covers IFSB-15: Revised Capital Adequacy Standard and IFSB-16: Revised Guidance on Key Elements in The Supervisory Review Process.

15th IFSB-INCEIF/ISRA Consulting Executive Programme: Integrating Islamic Finance into Sustainable Finance: The Role of Regulators and Market Players (Islamic Capital Market Sector)
2022-03-16 | Executive Webinar
Theme: Integrating Islamic Finance into Sustainable Finance: The Role of Regulators and Market Players (Islamic Capital Market Sector)

Transitioning to sustainable finance and economies including mitigating climate change are amongst major issues that are currently at the forefront of the global consciousness. In recent years, there has been an increase in the efforts to promote more sustainable finance development, both within the public and the private sectors, including through Islamic finance sectors. Islamic finance should have strategic roles and contributions to take part in managing the impact of climate change and environmental, governance or social risks. Accordingly, Islamic finance activities designed to be, or labelled as, sustainable have increased particularly the ICM sector in recent years.

Some jurisdictions are taking policy or regulatory steps to enhance the role of the Islamic financial system in the transition towards sustainable finance development. There has also been increasing recognition of climate-related risks as a source of financial risk that can affect not only specific firms or sectors but more broadly the stability of the financial system. This has increased the focus by prudential regulators on these issues within their mandate of ensuring the resiliency of the financial system to material risks.

This executive program intends to discuss and elaborate the roles of regulators and market players in supporting sustainable finance particularly through the Islamic capital market (i.e. Islamic green sukuk and social sukuk).

FIS workshop for Securities and Exchange Commission of Pakistan (SECP)
2022-03-16 - 2022-03-17 | Online
This FIS workshop is tailored for the Securities and Exchange Commission of Pakistan (SECP) as part of IFSB’s implementation tools offered as membership benefits that are available to all members upon request.

The 2-day workshop covers two standards namely IFSB-19: Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukuk and Islamic Collective Investment Schemes – ICIS) and IFSB-24: Guiding Principles on Investor Protection in Islamic Capital Markets

2nd Meeting of IFSB IFSI Stability Report Quality Improvement Committee
2022-03-21 | Online
The 2nd Meeting of IFSB IFSI Stability Report Quality Improvement Committee is scheduled to be held as follow:

Date
21 March 2022

Time
3.30 PM (GMT +8.00, KL time)

Venue
Web-conference / webinar

Participation in the meeting is open to the committee members only. For more information, please email to fadhila@ifsb.org.

56th Meeting of the Technical Committee
2022-03-24
The Secretariat is pleased to announce that the 56th Meeting of the Technical Committee will be held online on Thursday, 24 March 2022.

Participation is by invitation only. For participation enquiries and registration for the meeting, please email to Ms. Nissa at khairun.nissa@ifsb.org

17th Task Force Meeting on Prudential and Structural Islamic Financial Indicators (PSIFIs)
2022-03-28 14:30 - 18:00 (Asia/Kuala_Lumpur) | Online
The 17th Task Force Meeting on Prudential and Structural Islamic Financial Indicators (PSIFIs) is scheduled to be held via online as follows:

Date
28 March 2022 (Monday)

Time
14:30 – 18:00 (GMT +8.00, Malaysia Time)

Participation is by invitation only. For participation enquiries and registration for the meeting, please email to Ms. Nissa at khairun.nissa@ifsb.org

FIS workshop - Core Principles for Effective Islamic Deposit Insurance Systems
2022-03-31 15:30 - 18:30 UTC | Online
This workshop is dedicated for the “Core Principles for Effective Islamic Deposit Insurance Systems” which is a mutual standard between IFSB and International Association of Deposit Insurance (IADI) issued in 2021.
The standard covers topic related to Islamic deposit insurance such as public policy objectives, governance, relations with other safety net participants, cross-border issues, coverage, public awareness among other topics. It also addresses specificities of Islamic deposit insurance and key considerations for Investment Accounts.

The 1-day online workshop is open to all IFSB members for free as part of their membership benefits.
The outline of the workshop is as follows:
1- The need for the standard on Core Principles for Effective Islamic Deposit Insurance Systems (CPIDIS)

2- Required Islamic finance infrastructure for Islamic Deposit Insurance Systems (IDIS)

3- Discussion on 17 CPIDIS and mapping the International Association of Deposit Insurers’ Core Principles

4- Shariʻah Requirements and Specificities for IDIS Design

5- Key Considerations for Investment Accounts under an IDIS

The workshop will be conducted from 3.30 pm to 6.30 pm (Kuala Lumpur time). Registration can be done through the following link: bit.ly/3JLDzsN

7th Meeting of the Executive Committee
2022-04-13
The Secretariat is pleased to announce that the 7th Meeting of the Executive Committee will be held online on Wednesday, 13 April 2022.

Participation is by invitation only. For participation enquiries and registration for the meeting, please email to Ms. Nissa at khairun.nissa@ifsb.org

FIS workshop - IFSB-26: Core Principles for Islamic Finance Regulation (Financial Market Infrastructures)
2022-04-14 15:30 - 18:30 UTC | Online
This workshop is dedicated for IFSB-26: Core Principles for Islamic Finance Regulation (Financial Market Infrastructures).

The standard presents overview of the key risks in Financial Marker Infrastructure (FMI) along with core principles for aspects related to the regulation of FMI such as legal basis, governance and Shariah governance, risk management, collateral, money settlements, physical deliveries, efficiency and effectiveness, disclosure, among others.

The 1-day online workshop is open to all IFSB members for free as part of their membership benefits.

The outline of the workshop is as follows:

1- Introduction to the standard

2- Key risks for Islamic Financial Market Infrastructures (FMIs)

3- Discussion on 25 Core principles for Islamic Finance Regulation

The workshop will be conducted from 3.30 pm to 6.30 pm (Kuala Lumpur time). Registration can be done through the following link: bit.ly/3gZNwpV
