Islamic Financial Services Board

IFSB-FIS Workshop Series (Brunei): Capital Adequacy | Transparency and Market Discipline
2010-03-15 - 2010-03-17 | –, Bali, Indonesia
This Workshop is hosted by the Ministry of Finance, Brunei Darussalam

Workshop on Islamic Finance
2010-03-30 08:30 - 2010-03-31 15:30 UTC | Al Dasha Ballroom, Doha, Qatar
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

Workshop on the Standard on Solvency Requirements for Takaful (Islamic Insurance) Undertakings
2010-04-02 09:00 - 11:30 | Auditorium, Headquarters’ Bank Negara Malaysia, Kuala Lumpur, Malaysia
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

International Seminar on The Changing Landscape of Islamic Finance : Imminent Challenges & Future Directions
2010-04-05 09:00 - 22:00 | Al Salam Rotana, Khartoum, Sudan
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

Inaugural Financial Stability Forum for Islamic Financial Services Industry : Developing Capacity Building to Enhance Financial Stability in the Islamic Financial Services Industry
2010-04-06 14:15 - 15:45 | Khartoum, Khartoum, Sudan, Sudan
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

IFSB-FIS Workshop Series (Bangladesh): Capital Adequacy | Transparency and Market Discipline
2010-04-19 09:30 - 2010-04-21 17:00 | Training Academy of the Bangladesh Bank, Dhaka, Bangladesh
Capital Adequacy Transparency and Market Discipline

Programme – Event Session(s)

Date
Time
Topics

Day 1
00/00/0000
11:00 – 12:00
Session 1 (Workshop Day 1) Basel Capital Adequacy Framework An overview of IFSB Capital Adequacy Standard (IFSB-2) Capital Adequacy Formulas

Day 2
19/04/2010
WORKSHOP ON CAPITAL ADEQUACY

09:30 – 10:00
Registration

10:00 – 10:30
Opening Session / Welcoming Speech / Introductory Speech / Opening Speech

10:30 – 11:00
Coffee Break

12:00 – 12:15
Break

12:15 – 13:45
Session 2 Measurement of Capital Adequacy Requirements for Credit Risk Credit Risk Mitigation Examples Group Exercise

13:45 – 15:00
Lunch and Prayer

15:00 – 16:30
Session 3 Measurement of Capital Adequacy Requirements for Market Risk Group Exercise

16:30 – 17:00
Coffee Break

Day 3
20/04/2010
10:00 – 11:30
Session 4 (Workshop Day 2) Measurement of Capital Adequacy Requirements for Operational Risk Individual Exercise Impact of PSIA and Alpha-Factor on Capital Adequacy of IIFS Examples

11:30 – 12:00
Coffee Break

12:00 – 13:30
Session 5 Case study : Measurement of Capital Adequacy Ratios of an IIFS Group Exercise and Discussion

13:30 – 15:00
Lunch

15:00 – 16:30
Session 6 Case Study: Impact of PSIA and Profit Sharing Modes on Capital Adequacy Ratio Group Exercise and Discussion

16:30 – 17:00
Coffee Break

Day 4
21/04/2010
10:00 – 11:25
Session 1 (Workshop Day 3) The Concept of Transparency and International Standards on TMD Disclosures to Promote TMD for Institutions Offering Islamic Financial Services (IIFS) (IFSB–4)- An overview IFSB – 4 – Necessary Conditions for Effective TMD IFSB – 4 – Recommended Disclosures for IIFS Group Case Study-1 and Discussion

11:30 – 12:00
Coffee Break

12:00 – 13:30
Session 2 IFSB – 4 – Recommended Disclosures for IIFS (Cont’d) IFSB – 4 – Implementation Issues and Challenges Group Case Study-2 and Discussion

13:30 – 14:00
Lunch

15:00 – 16:30
Session 3 Survey on the Practices of TMD in IIFS among IFSB Members Countries Group Case Study-3 and Discussion

16:30 – 17:00
Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Programme

7th Islamic Financial Services Board Summit - Global Financial Architecture: Challenges for Islamic Finance
2010-05-03 09:00 - 2010-05-05 21:00 | The Ritz-Carlton, Bahrain Hotel & Spa, Manama, Bahrain
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 siham@ifsb.org 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

Seminar on Issues in Sukuk Development
2010-06-08 09:00 - 17:30 | Hyatt Regency London – The Churchill, London, United Kingdom
Registration has been closed.

Programme – Event Session(s)

Date
Time
Topics

Day 1
08/06/2010
SEMINAR CHAIRMAN : PROFESSOR JOHN BOARD, UNIVERSITY OF READING, UNITED KINGDOM

09:00 – 09:30
Registration

09:30 – 10:10
Opening and Keynote Session

10:10 – 10:40
Coffee Break & Networking

10:40 – 11:40
Session 1: General Issues on Sukūk Market Recent developments in the Sukūk market Sukūk design: A new perspective

11:40 – 12:40
Session 2: Prudential and Regulatory Issues on Sukūk Prudential treatment of Sukūk Regulatory issues on Sukūk development (Primary issuance, disclosure, market infrastructures, mutual recognition of Sukūk and Sharī`ah governance)

12:40 – 14:00
Lunch

14:00 – 15:00
Session 3: Sharī`ah Issues on Sukūk Ensuring broad acceptability of Sharī`ah standards relating to Sukūk Key Sharī`ah issues on Sukūk (Structures, credit enhancements, and tradability of Sukūk)

15:00 – 16:00
Session 4: Legal Issues on Sukūk Development Effectiveness of legal aspects of Sukūk development Securitisation issues on Sukūk issuance

16:00 – 16:30
Coffee Break & Networking

16:30 – 17:30
Session 5: Rating Issues on Sukūk Instruments Rating methodologies for Sukūk instruments Challenges and issues in rating Sukūk instruments

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

List of Chairperson & Speakers

Introduction to Islamic Finance & the IFSB Standards | Supervisory Review Process
2010-08-01 09:00 - 2010-08-02 15:30 | Maldives Monetary Authority, Male, Maldives
Introduction to Islamic Finance & the IFSB Standards Supervisory Review Process

Programme – Event Session(s)

Date
Time
Topics

Day 1
01/08/2010
WORKSHOP ON INTRODUCTION TO ISLAMIC FINANCE AND THE IFSB STANDARDS (SPEAKER : RONALD RULINDO, SENIOR EXECUTIVE, IFSB)

09:00 – 09:15
Registration

09:15 – 09:30
Opening

09:30 – 10:45
Session 1 – Concept and Contracts of Islamic Finance

10:45 – 11:15
Coffee Break

11:15 – 12:45
Session 2 Products of Islamic Financial Services Institution

12:45 – 13:45
Lunch & Prayer

13:45 – 15:15
Session 3 Overview of the IFSB Standards and Guiding Principles

15:15 – 16:00
Session 4 Case Studies and Discussion

16:00 – 15:30
Coffee Break

Day 2
02/08/2010
WORKSHOP ON SUPERVISORY REVIEW PROCESS (SRP) (SPEAKER : ZAHID UR REHMAN KHOKER, ASSISTANT MANGER, IFSB)

09:00 – 10:30
Session 1 An overview of Supervisory Review Process Standard Infrastructure for Effective Supervision Regulatory Capital Requirements Treatment of IAH

10:30 – 11:00
Coffee Break

11:00 – 12:30
Session 2 Risk Management and Corporate Governance (RM, CG, Audit and Compliance) Related Party Transaction

12:30 – 13:30
Lunch & Prayer

13:30 – 15:00
Session 3 Transparency and Market Discipline Consolidated and Home-host Supervision Window Operations Real Estate Investments

15:00 – 16:00
Session 4 Case Analysis (I) & Discussion Case Analysis (II) & Discussion

16:00 – 16:30
Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshop Series (Hong Kong) : Capital Adequacy Standards | Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate Inv
2010-09-27 09:00 - 2010-09-28 17:30 | Hong Kong Monetary Authority, Hong Kong, Hong Kong
This Workshop is hosted by the Hong Kong Monetary Authority. Participation in the Workshop is BY INVITATION only. For more information on the Workshop, please email to Ms. Yazmin Aziz at yazmin@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
27/09/2010
WORKSHOP ON INTRODUCTION TO ISLAMIC FINANCE AND CAPITAL ADEQUACY REQUIREMENTS FOR SUKūK, SECURITISATIONS AND REAL ESTATE INVESTMENTS

09:00 – 09:30
Registration

09:30 – 09:50
Opening Session

09:50 – 11:00
Session 1 Concept and Products of Islamic Finance

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 2 An Overview of Capital Adequacy Standards for Institutions (Other than Insurance Institutions) offering only Islamic Financial Services

13:00 – 14:00
Breaks

14:00 – 15:30
Session 3 An Overview of the Standard on Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate Investments

15:30 – 16:00
Coffee Break

16:00 – 17:30
Session 4 Capital Requirements for Sukūk, Securitisations and Real Estate Investments

Day 2
28/09/2010
WORKSHOP ON SHARIAH GOVERNANCE SYSTEMS FOR ISLAMIC FINANCIAL INSTITUTIONS AND GOVERNANCE FOR ISLAMIC COLLECTIVE INVESTMENT SCHEMES

09:30 – 11:00
Session 1 An Overview of Guiding Principles on Shariah Governance Systems for Institutions offering Islamic Financial Services

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 2 An Overview of Guiding Principles on Governance for Islamic Collective Investment Schemes

13:00 – 14:00
Breaks

14:00 – 15:30
Session 3 Recommended Best Practices on Governance for Islamic Collective Investment Schemes

15:30 – 16:00
Coffee Break

16:00 – 17:00
Session 4 Case Studies and Discussion

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

4th Workshop on Prudential and Structural Islamic Financial Indicators Metadata Template and Data Template Compilation
2010-09-30 09:30 - 2010-10-01 16:30 | Meeting Room 1, Lanai Kijang, Bank Negara Malaysia, Kuala Lumpur, Malaysia
Workshop on Compilation of Prudential and Strcutural Islamic Finance Indicators Participation in the Seminar is BY INVITATION only.

Programme – Event Session(s)

Date
Time
Topics

Day 1
30/09/2010
09:30 – 09:35
Opening Remarks

09:35 – 11:00
Session 1

11:00 – 11:30
Coffee and Networking Break

11:30 – 13:00
Session 2

13:00 – 14:30
Lunch and Prayer

14:30 – 16:30
Session 3

Day 2
01/10/2010
09:30 – 11:00
Session 4

11:00 – 11:15
Coffee and Networking Break

11:30 – 13:00
Session 5

13:00 – 14:15
Lunch and Jummaat Prayer

14:15 – 16:30
Session 5 (Continuation)

16:30 – 17:00
Closing session

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Seminar on Islamic Capital Markets
2010-10-01 08:30 - 21:30 | The Marmara Taksim Hotel, Istanbul, Turkey
This Seminar is hosted by the Istanbul Stock Exchange. The Seminar aims to discuss the structural issues in Islamic capital markets focusing on its development and regulatory issues. For more information on the Seminar, please contact Ms Puteri Bahrun at puteri@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
01/10/2010
08:30 – 09:00
Registration

09:00 – 09:40
Opening Session

09:40 – 10:00
Coffee and Networking Break

10:00 – 11:30
Session 1: General Issues in Islamic Capital Markets Regulatory framework required for the development of Islamic capital markets Recent trends and developments in Islamic capital markets

11:30 – 12:30
Session 2: Sharī`ah and Legal Issues in Islamic Capital Markets Sukūk default and investors’ rights Sharī`ah and legal framework: Compatibility challenges

12:30 – 14:30
Lunch and Friday Prayers

14:30 – 15:45
Session 3: Islamic Capital Market Products and Liquidity Management Development of Islamic capital market products to support liquidity management Regulatory framework and infrastructure for liquidity management

15:45 – 17:00
Session 4: Panel Discussion on Future Challenges and Opportunities for Islamic Capital Markets

19:30 – 21:30
Welcome Reception hosted by the Istanbul Stock Exchange Venue : Tepe Lounge, The Marmara Hotel (Roof)

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Alternative hotels information (located near to the Seminar’s venue)

3.)

Hotel Reservation Form – Elite World Hotel

4.)

Speakers Profiles

Seminar on Business Models in Islamic Finance: Challenges and Opportunities
2010-10-03 09:00 - 19:10 | The Ritz-Carlton Hotel and Spa, Bahrain, Manama, Bahrain
The IFSB is organising the Seminar in Manama, Bahrain. The Seminar aims to discuss issues relating to business models relating to institutions that offer Islamic financial services (IIFS). PARTICIPATION IS BY INVITATION ONLY. If you are interested to attend the Seminar, please contact Ms.Puteri at puteri@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
03/10/2010
09:00 – 09:30
Registration

09:30 – 09:45
Opening Remarks – Business Models in Islamic Finance-General and Specific Issues

09:45 – 10:45
Session 1: Profit Sharing Investment Accounts

10:45 – 11:15
Coffee and Networking

11:15 – 12:15
Session 2: Sharī`ah-compliant Private Equity Models

12:30 – 14:00
Lunch

18:30 – 19:00
Gala Dinner and Award Presentation Arrival of Guest

19:00 – 19:10
Keynote Address

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB - World Bank Roundtable on Effective Insolvency Regimes: Institutional, Regulatory and Legal Issues Relating to Islamic Finance
2010-10-10 08:30 - 14:30 | The World Bank, Washington DC, United States
PARTICIPATION IS BY INVITATION ONLY For more information on the roundtable, please contact Ms. Yazmin Aziz at yazmin@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
10/10/2010
08:30 – 09:00
Registration

09:00 – 09:10
Opening Remarks by World Bank

09:10 – 09:20
Remarks by the Roundtable Chairman

09:20 – 10:00
Presentation on Insolvency Regimes: Institutional, Regulatory and Legal Challenges in Islamic Finance

10:00 – 11:30
Session 1: Legal, Institutional and Regulatory Challenges

11:30 – 11:45
Coffee Break

11:45 – 13:15
Session 2: Legal, Institutional and Regulatory Challenges

13:15 – 13:30
Wrap up & Conclusions

13:30 – 14:30
Lunch

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshop Series
2010-10-18 09:00 - 2010-10-20 16:00 | Transcorp Abuja Hilton Hotel, Abuja, Nigeria
Risk Management | Corporate Governance | Shariah Governance Systems

Programme – Event Session(s)

Date
Time
Topics

Day 1
18/10/2010
09:00 – 09:30
Registration

09:30 – 09:45
Welcoming Remark / Introductory Speech

09:45 – 11:00
Session 1: Introduction to Islamic Bank: Concept of Islamic Finance

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 2: Introduction to Islamic Banking: Contracts and Structures of Islamic Banking Products

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 3: Background and Overview of Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offering only Islamic Financial Services (IFSB-1) IFSB-1 – Focus on Credit Risk IFSB-1 – Focus on Equity Risk IFSB-1 – Focus on Operational Risk

Day 2
19/10/2010
09:30 – 11:00
Session 1 IFSB-1 – Focus on Market Risk IFSB-1 – Focus on Liquidity Risk IFSB-1 – Focus on Rate of Return Risk

11:15 – 11:30
Coffee Break

11:30 – 13:00
Session 2 Intensive Case Study – 1 • Financial Distress and Failure of Non-IIFS Intensive Case Study – 2 • Managing Shari’ah non-compliance and legal risk in IIFS Intensive Case Study – 3 • Failure of an IIFS-A: Risk Management Perspective

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 3 Corporate Governance Standard

Day 3
20/10/2010
09:30 – 11:00
Session 1 Corporate Governance Standard

11:10 – 11:30
Coffee Break

11:30 – 13:00
Session 2 Shari’ah Governance Standard

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 3 Shari’ah Governance Standard

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

22nd Technical Committee Meeting
2010-11-04 - 2010-11-05 | –, Bali, Indonesia
Open for Technical Committee Members Only

IFSB-FIS Workshop on IFSB Standards for Regulatory and Supervisory Authorities of the IFSB Member Countries
2010-11-08 09:00 - 2010-11-12 17:00 | Lanai Kijang, Kuala Lumpur, Malaysia
IFSB Standards for Regulatory and Supervisory Authorities of the IFSB Member Countries

Programme – Event Session(s)

Date
Time
Topics

Day 1
08/11/2010
IFSB-1 : GUIDING PRINCIPLES OF RISK MANAGEMENT FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS)

09:00 – 09:30
Registration

09:30 – 09:45
Opening Session

09:45 – 11:15
Session 1 Introduction to Islamic Banking: Contracts and Structures of Islamic Banking Products Background and An Overview of IFSB-1 : Risk Management Standard IFSB-1 – Focus on Credit Risk & Supervisory Perspective IFSB-1 – Focus on Equity Risk & Supervisory Perspective IFSB-1 – Focus on Operational Risk & Supervisory Perspective

11:15 – 11:30
Coffee Break

11:30 – 13:00
Session 2 Intensive Case Study – 1 and Discussions – Financial Distress and Failure of Non-IIFS Intensive Case Study – 2 and Discussions – Managing Shari’ah non-compliance and legal risk in IIFS

13:00 – 14:00
Lunch and Prayers

14:00 – 15:00
Session 3 IFSB-1 – Focus on Market Risk & Supervisory Perspective IFSB-1 – Focus on Liquidity Risk & Supervisory Perspective IFSB-1 – Focus on Rate of Return Risk & Supervisory Perspective

15:00 – 15:30
Coffee Break

15:30 – 17:00
Session 4 Group Exercise – 1 and Discussions – Income Gap Analysis and Benchmark Rate Risk: Relationship between Market, rate of return, and liquidity risk Intensive Case Study – 3 – Failure of an IIFS-A: Risk Management Perspective

Day 2
09/11/2010
IFSB-2 : CAPITAL ADEQUACY STANDARD FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS)

09:30 – 11:00
Session 1 Basel Capital Adequacy Framework An overview of IFSB-2 : Capital Adequacy Standard Capital Adequacy Formulas

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 2 Measurement of Capital Adequacy Requirements for Credit Risk – Credit Risk Mitigation – Examples – Group Exercise

13:00 – 14:00
Lunch and Prayers

14:00 – 15:30
Session 3 Measurement of Capital Adequacy Requirements for Market Risk Group Exercise

15:30 – 16:00
Coffee Break

16:00 – 17:30
Session 4 Measurement of Capital Adequacy Requirements for Operational Risk – Individual Exercise Impact of PSIA and Alpha-Factor on Capital Adequacy of IIFS – Examples Case Study

Day 3
10/11/2010
IFSB-7 : CAPITAL ADEQUACY REQUIREMENTS FOR SUKUK, SECURITISATIONS AND REAL ESTATE INVESTMENT AND GN-1 : GUIDANCE NOTE IN CONNECTION WITH THE CAPITAL ADEQUACY STANDARD: RECOGNITION OF RATINGS BY EXTERNAL CREDIT ASSESSMENT INSTITUTIONS (ECAIS) ON SHARI`AH-COMPLIANT FINANCIAL INSTRUMENTS

09:30 – 11:00
Session 1 An Overview of IFSB-7 : Capital Adequacy Requirements for Sukuk, Securitisations and Real Estate Investments

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 2 Capital Requirements for Sukuk and Securitisations

13:00 – 14:00
Lunch & Prayers

14:00 – 15:30
Session 3 Capital Requirements for Real Estate Investments Case Study

15:30 – 16:00
Coffee Break

16:00 – 17:30
Session 4 GN-1 : Recognition of Rating by External Credit Assessment Institutions (ECAIs) on Shari’ah Compliant Financial Instruments

Day 4
11/11/2010
IFSB-3 : GUIDING PRINCIPLES ON CORPORATE GOVERNANCE FOR INSTITUTIONS OFFERING ONLY ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS AND IFSB-4 : DISCLOSURES TO PROMOTE TRANSPARENCY AND MARKET DISCIPLINE FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS)

09:30 – 11:00
Session 1 IFSB-3 : Corporate Governance for IIFS

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 2 Recommended Best Practices on Corporate Governance for the IIFS Case Studies

13:00 – 14:00
Lunch & Prayers

14:00 – 15:30
Session 3 Overview of the IFSB-4 : Disclosure to Promote Transparency & Market Discipline Recommended Disclosures for IIFS

15:30 – 16:00
Coffee Break

16:00 – 17:30
Session 4 Recommended Disclosures for IIFS (continued) Case Studies

Day 5
12/11/2010
IFSB-5 : GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS OF INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS) AND IFSB-10 : GUIDING PRINCIPLES ON SHARIAH GOVERNANCE SYSTEMS FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES

09:30 – 11:00
Session 1 Necessary Conditions for Effective Supervision Capital adequacy, Risk Management and Corporate Governance Related Party Transaction Consolidated Home-Host Supervision Supervisory Issues in Real Estate Investments Supervisory Issues in Islamic Windows

11:00 – 11:30
Coffee Break

11:30 – 12:30
Session 2 Case Studies

12:30 – 14:30
Lunch and Jumaat Prayer

14:30 – 15:30
Session 3 Recommendation on IFSB-10 : Shari’ah Governance Systems

15:30 – 16:00
Coffee Break

16:00 – 17:00
Session 4 Case Studies

17:00 – 17:30
Closing Ceremony

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Seminar on Contingent Capital: Mitigating Risk and Enhancing Financial Stability
2010-11-11 14:30 - 17:30 | Auditorium, Block A, Bank Negara Malaysia Building, Jalan Dato’ Onn, kuala lumpur, Malaysia
The Seminar is organised by the IFSB and supported by Gatehouse Bank Plc. Participation is open to representatives of IFSB member organisations and interested parties. Please register by 10 November 2010 to confirm your seat. For more information on the Seminar, please contact Mr. Prashanth Menon (Tel: + 603 2698 4248 ext: 128 / Email: prashant@ifsb.org)

Programme – Event Session(s)

Date
Time
Topics

Day 1
11/11/2010
14:30 – 14:45
Registration

14:45 – 15:00
Opening Remarks

15:00 – 15:30
Introduction to Basel III

15:30 – 16:15
Presentation on Contingent Capital: Mitigating Risk and Enhancing Financial Stability

16:15 – 16:45
Discussion

16:45 – 17:30
Networking and Coffee

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Registration Form (.doc)

IFSB-FIS Workshop Series (Djibouti)
2010-11-22 09:00 - 2010-11-24 16:00 | Central Bank of Djibouti’s Office, Djibouti
This workshop is hosted by the Central Bank of Djibouti. Participation in the Workshop is BY INVITATION only.

Programme – Event Session(s)

Date
Time
Topics

Day 1
22/11/2010
WORKSHOPS ON INTRODUCTION TO ISLAMIC FINANCE, IFSB-2 : CAPITAL ADEQUACY STANDARD FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS) AND IFSB-7 : CAPITAL ADEQUACY REQUIREMENTS FOR SUKUK, SECURITISATIONS AND REAL ESTATE INVESTMENT

09:00 – 09:30
Registration

09:30 – 09:45
Welcoming Remark / Introductory Speech

09:45 – 11:15
Session 1 Introduction to Islamic Finance

11:15 – 11:30
Coffee Break

11:30 – 13:00
Session 2 Introduction to Islamic Banking Operations

13:00 – 14:00
Lunch

14:00 – 16:00
Session 3 Overview of the IFSB-2 : Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) and IFSB-7 : Capital Adequacy Requirements for Sukuk, Securitisations and Real Estate investment

Day 2
23/11/2010
WORKSHOPS ON IFSB-2 : CAPITAL ADEQUACY STANDARD FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS) AND IFSB-7 : CAPITAL ADEQUACY REQUIREMENTS FOR SUKUK, SECURITISATIONS AND REAL ESTATE INVESTMENT

09:30 – 11:00
Session 4 Measuring Capital Adequacy for Credit Risk

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 5 Measuring Capital Adequacy for Market Risk

13:00 – 14:00
Lunch

14:00 – 16:00
Session 6 Measuring Capital Adequacy for Operational Risk Calculating of the Capital Adequacy Ratio

Day 3
24/11/2010
WORKSHOP ON IFSB-1 : GUIDING PRINCIPLES OF RISK MANAGEMENT FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (IIFS)

09:30 – 11:00
Session 7 Overview of IFSB 1 : Guiding Principles of Risk Management for Institutions Offering Islamic Financial Services (IIFS) • IFSB-1 – Focus on Credit Risk • IFSB-1 – Focus on Equity Risk • IFSB-1 – Focus on Operational Risk

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 8 IFSB 1 : Guiding Principles of Risk Management for (IIFS) (cont.) • IFSB-1 – Focus on Market Risk • IFSB-1 – Focus on Liquidity Risk • IFSB-1 – Focus on Rate of Return Risk

13:00 – 14:00
Lunch

14:00 – 16:00
Session 9 IFSB 1 : Guiding Principles of Risk Management for (IIFS) (cont.) • Case Studies

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

5th IFSB Seminar on Legal Issues in the Islamic Financial Services Industry : Legal Aspects of Islamic Asset Securitisation and Insolvency Regimes
2010-12-02 09:30 - 2010-12-03 17:30 | Dua Mutiara 3, Level 2, JW Marriott Hotel, Jakarta, Indonesia
This Seminar with the theme, Legal Aspects of Islamic Asset Securitisation and Insolvency Regimes is hosted by Bank Indonesia. For more information on the Seminar, please contact Ms. Yazmin Aziz at yazmin@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
02/12/2010
CHAIRPERSON : MR. GOPAL SUNDARAM, ASSISTANT GOVERNOR, BANK NEGARA MALAYSIA

09:30 – 10:30
Registration, Coffee & Networking Session

10:30 – 11:00
Opening & Keynote Session

11:00 – 12:30
Session 1 : Sharī`ah Compliance and Legal Framework in Stable Islamic Financial Markets The role of law and regulation in the development of sound and stable markets Regulatory models and inter-relationship of systems Relevant aspects of the Sharī`ah in Islamic finance

12:30 – 14:00
Lunch & Prayers

14:00 – 15:30
Session 2 : Sharī`ah Compliance and Legal Framework in Emerging Markets Constitutional issues Certainty and resolution of conflict Issues relating to sovereign investors

15:30 – 17:00
Session 3 : Case Studies: Effective Financial Market Regulation and Prudential Supervision of Sharī`ah-Compliant Securitisation Malaysia United Arab Emirates

17:00 – 17:30
Coffee and Networking Break

Day 2
03/12/2010
CHAIRPERSON : MR. GOPAL SUNDARAM, ASSISTANT GOVERNOR, BANK NEGARA MALAYSIA

08:30 – 10:00
Session 4 : Insolvency Regimes: Regulatory and Legal Challenges in Islamic Finance

10:00 – 10:15
Coffee and Networking Break

10:15 – 11:45
Session 5 : Panel Discussion on Sharī`ah-Compliant Asset Securitisation : Moving Forward

11:45 – 13:00
Lunch

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2nd Islamic Financial Stability Forum : Addressing Liquidity Management Challenges to Enhance the Financial Stability of the Islamic Financial Services Industry
2010-12-14 14:00 - 15:15 | –, Bali, Indonesia
The IFSB organised its 2nd Islamic Financial Stability Forum (2nd IFSF) on 14 December 2010 in Jeddah, Saudi Arabia.

The 2nd IFSF was held in conjunction with the 17th Council Meeting of the IFSB, hosted by the Islamic Development Bank.

Programme – Event Session(s)

Date
Time
Topics

Day 1
14/12/2010
14:00 – 14:10
Opening Remarks H.E. Dr. Sabir Mohamed Hassan, Governor Central Bank of Sudan & Chairman of the IFSB Council

14:10 – 15:00
Session 1: Role and Practices of Central Banks and Supervisory Authorities in Addressing Liquidity Management Issues in the Islamic Financial Services Industry Practices and initiatives by the central banks and supervisory authorities to provide standing Shari`ah compliant funding facilities to market players Emerging trends in cooperation between supervisors for supervising liquidity management in the IIFS Experiences in providing prudential guidance to Islamic financial services industry for liquidity management Liquidity management in stress conditions Speaker : H.E. Dr. Muhammad Sulaiman Al-Jasser, Governor, Saudi Arabian Monetary Agency Discussant: H.E. Sanusi Lamido Aminu Sanusi, Governor, Central Bank of Nigeria

15:00 – 15:50
Session 2: Liquidity Management in Institutions Offering Islamic Financial Services (IIFS) Emerging practices, initiatives and trends in the liquidity management of IIFS Programs for the management of funding liquidity in the Islamic financial sector Experiences in development of market infrastructure for liquidity management in the Islamic financial sector Speaker : David Vicary Abdullah, Specialist, Global Islamic Finance, Deloitte, Malaysia Discussant: Dr. Sami Al-Suweilam, Deputy Director, Islamic Development Bank

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Seminar on Enhancing the Role of Indexes in the Development of Islamic Capital Markets
2011-01-12 09:00 - 2011-01-13 16:30 | Phoenicia InterContinental Hotel, Beirut, Lebanon
Banque du Liban is kindly hosting the Seminar. Thomson-Reuters is supporting the Seminar. Registration is closed.

Programme – Event Session(s)

Date
Time
Topics

Day 1
12/01/2011
09:00 – 09:30
Registration

09:30 – 10:00
Opening and Keynote Session

10:00 – 11:00
Session 1: Role of Indexing in Islamic Capital Markets Importance of conventional high profile indexes: Lessons for Islamic indexes Delinking off conventional benchmark: Need for Islamic indexes Social-ethical screening and Faith based screening: Similarities and differences

11:00 – 11:30
Coffee Break

11:30 – 12:30
Session 2: Sharī`ah Screening Process – Practices, Shortcomings and Need for Other Assets Analysis of various Sharī`ah-compliant indexes: methodologies, performance comparison and available Sharī`ah-compliant indexes Need for screening methodologies for other asset classes Shortcomings of Sharī`ah-compliant indexes

12:30 – 14:00
Lunch

14:00 – 15:15
Session 3: Enhancing the Information Environment for Investors Islamic fund rating/ranking Islamic funds performance Exchange listed instruments

15:15 – 15:30
Coffee Break

15:30 – 16:30
Session 4: Roles of Stakeholders in Developing Shariah-Compliant Investment Scholars vs automation in Sharī`ah-compliant indexing Regulator’s role Industry body for Islamic investing

Day 2
13/01/2011
09:30 – 11:00
Session 5: Link between Islamic Asset Management Industry and Islamic Capital Markets Role of institutional investors in Islamic capital markets and the need for Sharī`ah-compliant pension funds and venture capital Privatisation of state-owned companies and listing of family-owned companies Shareholder activism in the Islamic financial services industry and enhancing corporate governance

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 6: Panel discussion : “The way forward for Islamic indexing for the future development of Islamic capital markets”

13:00 – 14:00
Lunch

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Hotel Reservation Form

Seminar on Regulatory, Legal and Shari`ah Issues of Islamic Capital Market Products
2011-01-16 09:00 - 17:00 | Intercontinental Hotel, Abu Dhabi, United Arab Emirates
This Seminar is hosted by the Emirates Securities & Commodities Authority, United Arab Emirates. For more information on the Seminar, please contact Ms Puteri Bahrun at puteri@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
16/01/2011
09:00 – 09:30
Registration

09:30 – 10:00
Opening Session

10:00 – 11:00
Session 1: General characteristics of the Islamic capital market and its role in Islamic financial services industry Role of various Islamic capital market products Recent trends and developments in Islamic capital markets

11:00 – 11:30
Coffee Break

11:30 – 12:45
Session 2: Regulatory and legal issues in Islamic capital market products Necessary regulatory and legal regimes for Islamic capital market products Legal issues in Sukuk default and investors rights Islamic asset securitisation: Legal issues and challenges

12:45 – 14:15
Lunch and Prayers

14:15 – 15:30
Session 3: Shari`ah issues in Islamic capital market products Issues in Shari`ah screening methodologies Sukuk structures and related Shari`ah issues Management of Shari`ah compliance risk in product development

15:30 – 16:00
Coffee Break

16:00 – 17:00
Session 4 :Panel Discussion on Opportunities and challenges for Islamic capital market products

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Seminar on Risk Mitigation and Enhancing Financial Stability in Islamic Finance: Contingent Capital and Takāful
2011-01-17 09:00 - 15:30 | 7th floor, Meeting Room, Board Building, Central Bank of the UAE, Abu Dhabi, United Arab Emirates
The Seminar is hosted by the Central Bank of the United Arab Emirates. The objective of this Seminar is to address topical issues namely: a) Basel III; b) Contingent capital; and c) Takâful. It will provide the participants with an overview of what is being labeled as Basel III, which is at the forefront of current global financial market developments and supervisory policy debate. Given the expectation that Basel III will require banks to increase their capital, which would lead to an increase in their cost of funding, the Seminar will also discuss the role that contingent capital can play in reducing the banks’ cost of funding. The discussion will also include how Takâful can be an instrument to mitigate some risks inherent in institutions that offer Islamic financial services. For more information on the Seminar, please contact Ms Puteri Bahrun at puteri@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
17/01/2011
09:00 – 09:30
Registration

09:30 – 09:45
Opening Remarks

09:45 – 10:30
Session 1 : Introduction to Basel III

10:30 – 11:00
Coffee Break

11:00 – 12:00
Session 2 : Contigent Capital – Mitigating Risk and Enhancing Financial Stability

12:00 – 12:30
Discussion

12:30 – 14:00
Lunch and Networking

14:00 – 15:00
Session 3: Takāful – Mitigating Credit Risk and Capital Adequacy Treatment

15:00 – 15:30
Discussion

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Location Map to Seminar’s Venue – CBUAE

IFSB-FIS Workshop Series (Egypt) : IFSB-2 and IFSB-5.
2011-01-18 09:00 - 2011-01-20 16:00 | The Egyptian Banking Institute, Cairo, Egypt
This workshop is hosted by the Central Bank of Egypt. This workshop will address the following IFSB Standards: -IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -IFSB-5: Guidance on Key Elements in the Supervisory Review Process of Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds) Participation in the Workshop is by INVITATION only. For more information on the Workshop, please email to Ms. Yazmin Aziz at yazmin@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
18/01/2011
INTRODUCTION TO ISLAMIC FINANCE AND IFSB-2: CAPITAL ADEQUACY STANDARD FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS)

09:00 – 09:30
Registration

09:30 – 09:45
Welcoming Remark

09:45 – 11:00
Session 1 Introduction to Islamic Banking : Concept of Islamic Finance

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 2 Overview of the IFSB-2 : Capital Adequacy Standard : – Basel Capital Adequacy Framework An overview of IFSB-2 : Capital Adequacy Standard for IIFS Capital Adequacy Formulas

13:00 – 14:00
Lunch & Prayers

14:00 – 16:00
Session 3 Measurement of Capital Adequacy Requirements for Credit Risk : – Calculation of Credit Risk in IIFS Credit Risk Mitigation Examples Group Exercise

Day 2
19/01/2011
IFSB-2 : CAPITAL ADEQUACY STANDARD FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS)

09:30 – 11:00
Session 4 Measurement of Capital Adequacy Requirements for Market Risk : – Calculation of Market Risk in IIFS Examples Group Exercise

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 5 Measurement of Capital Adequacy Requirements for Operational Risk : – Calculation of Operational Risk in IIFS Individual Exercise CAR Formulas Examples

13:00 – 14:00
Lunch & Prayers

14:00 – 16:00
Session 6 Case Study Group Discussion

Day 3
20/01/2011
IFSB-5 : GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS OF INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS)

09:30 – 11:00
Session 7 Overview of the IFSB-5 : Supervisory Review Process : – Infrastructure for Effective Supervision Regulatory Capital Requirements Treatment of IAH Risk Management and Corporate Governance (RM, CG, Audit and Compliance) Related Party Transactions

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 8 Disclosure to Promote Transparency and Market Discipline Consolidated and Home-host Supervision Window Operations Real Estate Investments

13:00 – 14:00
Lunch & Prayers

14:00 – 16:00
Session 9 Case Analysis (1) & Discussion Case Analysis (2) & Discussion

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Seminar on Enhancing Shariah Structure and Compliance in Promoting Financial Stability
2011-01-24 09:00 - 17:00 | Multipurpose Hall, Level 3, Lanai Kijang, Bank Negara Malaysia, Kuala Lumpur, Malaysia
The Seminar is jointly organised by the IFSB and ISRA. Participation is open to representatives of IFSB member organisations and interested parties. Please register by 21 January 2010 to confirm your seat. For more information on the Seminar, please contact Ms Puteri Bahrun (Tel: + 603 2698 4248 ext: 114 / Email: puteri@ifsb.org)

Programme – Event Session(s)

Date
Time
Topics

Day 1
24/01/2011
09:00 – 09:30
Registration

09:30 – 09:50
Opening Remarks by IFSB Secretary-General Professor Datuk Dr. Rifaat Ahmed Abdel Karim

09:50 – 10:00
Remarks by Seminar Chairman

10:00 – 11:00
Session 1: Overview of the Sharī`ah Structure and Governance System An overview of the IFSB Standard on Sharī`ah Governance System Analytical perspective on the Sharī`ah scholars

11:00 – 11:30
Coffee and Networking

11:30 – 12:30
Session 2: Sharī`ah Structure and Compliance as Practiced in Various Institutions offering Islamic Financial Services Management of Sharī`ah Compliance in Different Sharī`ah Structures

12:30 – 14:00
Lunch and Prayers

14:00 – 15:00
Session 3: Sharī`ah Structure and Governance: Perspectives from Prudential Regulations Prudential Requirement for the Management of Sharī`ah Compliance

15:00 – 16:00
Session 4: Market Discipline: A Check and Balance on the Sharī`ah Structure and Compliance Market Discipline and Sharī`ah Compliance

16:00 – 16:30
Session 5: Panel Discussion: Enhancing the Sharī`ah Structure and Compliance in Promoting Financial Stability

16:30 – 17:00
Coffee and Networking

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Location Map to Seminar’s Venue – Lanai Kijang, Kuala Lumpur

3.)

Speakers Profiles

Seminar on Managing Liquidity of Islamic Financial Services in Emerging Markets
2011-02-10 09:00 - 17:15 | Bougainvillea Hall, Kurumba Maldives Island, Maldives
This Seminar is hosted by Maldives Monetary Authority. PARTICIPATION IS BY INVITATION ONLY. For more information on the Seminar, please contact Ms Puteri Bahrun at puteri@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
10/02/2011
09:00 – 09:30
Registration

09:30 – 10:00
Opening and Keynote Session

10:00 – 11:15
Session 1 : Liquidity Management in the Islamic financial services industry – Risks and regulatory issues Focus: The session will discuss the liquidity management challenges in the Islamic financial services industry (IFSI) due to inadequate Sharī`ah-compliant instruments and the risks to which institutions offering Islamic financial services (IIFS) are exposed.

11:15 – 11:45
Coffee Break

11:45 – 13:00
Session 2 : Infrastructures for managing liquidity and liquidity risks Focus: The session will discuss the necessary building blocks that should be in place to support IIFS in managing their liquidity, including the infrastructure components that are required to facilitate measuring and managing liquidity risks and the role of supervisory bodies in this process.

13:00 – 14:15
Lunch and Prayers

14:15 – 15:30
Session 3 : Case study – IFSI liquidity management approaches in selected countries and off-shore centres Focus: The session will highlight treasury management practices of IIFS in selected jurisdictions, and the challenges to develop appropriate Sharī`ah-compliant instruments.

15:30 – 16:00
Coffee Break

16:00 – 17:15
Session 4 : Panel Discussion – Development of a liquidity management framework for the Islamic financial services industry Focus: The session aims to discuss the issues that have to be considered to develop a robust liquidity management framework and how to overcome some of the existing challenges. It will also cover the role that stakeholders in the IFSI are expected to play.

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Seminar on Liquidity Management : Changes in Liquidity Management for Islamic Financial Institutions
2011-02-21 09:00 - 13:30 | The Auditorium, Deloitte LLP, london, United Kingdom
This Seminar is supported by Gatehouse Bank plc and Deloitte LLP. PARTICIPATION IS BY INVITATION ONLY. Priority of confirmation is given to members of the IFSB. For more information on the Seminar, please email to Ms. Yazmin Aziz Email: yazmin@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
21/02/2011
09:00 – 09:30
Registration

09:30 – 09:45
Opening and Welcoming Remarks

09:45 – 10:30
Known Regulatory Changes and New Liquidity Regime, Effect on Islamic Financial Institutions and Basel III Issues

10:30 – 11:00
Coffee Breaks & Networking

11:00 – 11:45
Liquidity Management Tools Available to Islamic Financial Institutions and Pending Innovations

11:45 – 12:30
The IFSB’s New Draft Standard on Liquidity Risk Management

12:30 – 13:30
Lunch

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Seminar’s venue

3.)

Speakers Profiles

IFSB-FIS Workshop Series (Malaysia) : IFSB-6, IFSB-7, IFSB-9, IFSB-10.
2011-03-16 09:00 - 2011-03-17 17:30 | Conference Hall 1, Securities Commission Malaysia, Kuala Lumpur, Malaysia
This workshop is hosted by Securities Commission Malaysia. This workshop will address the following IFSB standards: -IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes -IFSB-7: Capital Adequacy Requirements for Sukûk, Securitisations and Real Estate investment -IFSB-9: Guiding Principles on Conduct of Business for Institutions offering Islamic Financial Services -IFSB-10: Guiding Principles on Sharîah Governance Systems for Institutions offering Islamic Financial Services Participation is by INVITATION only. For more information on the Workshops, please email to Ms. Yazmin Aziz Email: yazmin@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
16/03/2011
WORKSHOPS ON GUIDING PRINCIPLES ON GOVERNANCE FOR ISLAMIC COLLECTIVE INVESTMENT SCHEMES AND CAPITAL ADEQUACY REQUIREMENTS FOR SUKūK, SECURITISATIONS AND REAL ESTATE INVESTMENTS

09:00 – 09:30
Registration

09:30 – 09:50
Opening Session

09:50 – 11:00
Session 1 : An Overview of IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes

11:00 – 11:30
Breaks

11:30 – 13:00
Session 2 : Recommended Best Practices on Governance for Islamic Collective Investment Schemes and Case Studies

13:00 – 13:00
Lunch

14:00 – 15:30
Session 3 : IFSB-7: Capital Adequacy Requirements for Sukûk, Securitisations and Real Estate investment

15:30 – 16:00
Breaks

16:00 – 17:30
Session 4 : Case Studies on Capital Adequacy Requirements for Sukûk and Securitisations

Day 2
17/03/2011
WORKSHOPS ON GUIDING PRINCIPLES ON CONDUCT OF BUSINESS AND SHARIAH GOVERNANCE SYSTEMS FOR ISLAMIC FINANCIAL INSTITUTIONS

09:30 – 11:00
Session 1 : Insight into IFSB-9: Guiding Principles on Conduct of Business for Institutions offering Islamic Financial Services

11:00 – 11:30
Breaks

11:30 – 13:00
Session 2 : Case Studies on Conduct of Business for Institutions Offering Islamic Financial Services

13:00 – 14:00
Lunch

14:00 – 15:30
Session 3 : Overview of IFSB-10: Guiding Principles on Sharîah Governance Systems for Institutions offering Islamic Financial Services

15:30 – 16:00
Breaks

16:00 – 17:30
Session 4 : Case Studies on Shari’ah Governance System

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB Annual Meetings 2011 and 4th IFSB Public Lecture on Financial Policy and Stability
2011-03-30 14:30 - 17:30 | Al- Riwaq Room, Level B, Intercontinental Amman, Jordan
Theme: 1975 – 2010: 35 Years of Growth – Why the Islamic financial services industry remains relatively small

Programme – Event Session(s)

Date
Time
Topics

Day 1
30/03/2011
4TH IFSB PUBLIC LECTURE : 1975 – 2010, 35 YEARS OF GROWTH – WHY THE ISLAMIC FINANCIAL SERVICES INDUSTRY REMAINS RELATIVELY SMALL

14:30 – 15:00
Registration

15:00 – 15:20
Opening Remarks

15:20 – 15:25
Chairman Lecture 1 and 2 : H.E. Faris A. Sharaf, Governor, Central Bank of Jordan

15:20 – 16:00
Lecture 1

16:00 – 16:40
Lecture 2

16:40 – 17:00
Question and Answer Session (for Lecture 1 and 2)

17:00 – 17:30
Coffee Break

Day 2
31/03/2011
IFSB ANNUAL MEETINGS 2011

09:00 – 12:20
18th Meeting of the Council (For IFSB Council Members Only)

12:30 – 13:30
9th General Assembly of the IFSB (For IFSB Members Only)

14:30 – 16:00
3rd Islamic Financial Stability Forum (For IFSB Council Members and Regulatory Authorities Only)

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Speakers Profiles
