Islamic Financial Services Board

IFSB-FIS Workshops on the IFSB Standards for Institutions offering Islamic Financial Services
2012-03-07 09:00 - 2012-03-08 17:00 UTC | Meeting Room 2, Level 4, Lanai Kijang, Bank Negara Malaysia, kuala lumpur, Malaysia
This Workshop is hosted by Bank Negara Malaysia. This Workshop will address the following IFSB Standards and Guidance Principles: IFSB-3: Guiding Principles on Corporate Governance for Institutions Offering only Islamic Financial Services (Excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds IFSB-4: Disclosures to Promote Transparency and Market Discipline for Institutions Offering Islamic Financial Services (excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services 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
07/03/2012
09:00 – 09:30
Registration

09:30 – 09:45
Welcoming Remark

09:45 – 11:00
Session 1 – IFSB-3: Guiding Principles on Corporate Governance for Institutions Offering only Islamic Financial Services (Excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) (IIFS) Overview of IFSB-3: Guiding Principles on Corporate Governance for IIFS Understanding the motivating factors Defining ‘corporate governance’ and ‘stakeholders’ in the context of IIFS Corporate governance issues specific to IIFS

11:00 – 11:15
Coffee Break

11:15 – 13:00
Session 2 – IFSB-3: Guiding Principles on Corporate Governance for Institutions Offering only Islamic Financial Services (Excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) (IIFS) Recommendations of IFSB-3: Guiding Principles on Corporate Governance for IIFS Case Studies on IFSB-3: Guiding Principles on Corporate Governance for IIFS

13:00 – 14:00
Lunch & Prayer

14:00 – 15:30
Session 3 – IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions offering Islamic Financial Services (IIFS) Overview of IFSB-10: Sharī`ah Governance Systems for IIFS General Approach to Sharī`ah Governance Systems for IIFS Criteria for sound Sharī`ah Governance Systems for IIFS

15:30 – 15:45
Coffee Break

15:45 – 17:00
Session 4 – IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services (IIFS) Case Studies on IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS

Day 2
08/03/2012
09:30 – 11:00
Session 5 – IFSB-4: Disclosures to Promote Transparency and Market Discipline for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) (IIFS) Overview of IFSB-4: Disclosures to Promote Transparency and Market Discipline (TMD) for IIFS IFSB-4 Necessary Conditions for Effective TMD IFSB-4 Recommended Disclosures for IIFS

11:00 – 11:15
Coffee Break

11:15 – 13:00
Session 6 – IFSB-4: Disclosures to Promote Transparency and Market Discipline for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) (IIFS) IFSB-4 Recommended Disclosures for IIFS (Cont’d) IFSB-4 Implementation Issues and Challenges Case Studies on IFSB-4: Disclosures to Promote TMD for IIFS

13:00 – 14:00
Lunch & Prayer

14:00 – 15:30
Session 7 – IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services (IIFS) An Insight into IFSB-9: Guiding Principles on Conduct of Business for IIFS

15:30 – 15:45
Coffee Break

15:45 – 17:00
Session 8 – IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services (IIFS) Case Studies on IFSB-9: Guiding Principles on Conduct of Business for IIFS

17:00 – 17:15
Closing Ceremony

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB Annual Meetings & Events 2012 (Seminar on Hedging & Credit Enhancement in Islamic Finance)
2012-03-28 09:00 - 14:30 | Al Ghazal 1, The Ritz-Carlton Hotel, Manama, Manama, Bahrain
The Seminar on Hedging and Credit Enhancement in Islamic Finance is jointly organised by the Islamic Financial Services Board (IFSB) and the International Islamic Financial Market (IIFM). Both the Seminar and Public Lecture will be held in conjunction with the 20th meeting of the Council and 10th General Assembly of the IFSB, hosted by the Central Bank of Bahrain.

Programme – Event Session(s)

Date
Time
Topics

Day 1
28/03/2012
SEMINAR ON HEDGING AND CREDIT ENHANCEMENT IN ISLAMIC CAPITAL MARKETS (ICM) PRODUCTS AND SERVICES

5TH PUBLIC LECTURE ON FINANCIAL POLICY AND STABILITY

09:00 – 09:30
Registration

09:30 – 10:00
Opening & Welcoming Addresses

10:00 – 11:00
Session 1 : Credit Enhancement in Islamic Capital Markets (ICM) Products and Services Various Sharῑ`ah-compliant credit enhancement mechanisms used in ICM products and services Credit Rating: How the different types of credit enhancement affects the credit rating of Sukūk

11:00 – 11:30
Coffee and Networking Break

11:30 – 12:30
Session 2 : Overview of Sharῑ `ah-Compliant Alternative Instruments to Hedging Mechanism Recent developments in hedging in the Islamic Financial Services Industry Sharῑ `ah-compliant alternatives to hedging tools: Features, Structures, Risks and Underlying Contracts Application of hedging mechanism in Islamic Capital Markets

12:30 – 13:30
Session 3 : Panel Discussion on Regulatory, Legal and Sharῑ `ah Issues in Sharῑ `ah-compliant alternatives to Hedging and Collateralisation Unresolved Sharῑ `ah and legal issues in hedging and collateral arrangements Emerging regulatory challenges of hedging and collateralisation in light of Basel III The way forward of such alternatives in light of current regulatory development

13:30 – 14:30
Lunch & Prayers

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

5th Islamic Financial Stability Forum : Effective Crisis Management and Resolution Framework
2012-03-29 14:00 - 16:20 | Manama, Manama, Bahrain, Bahrain
The IFSB organised its 5th Islamic Financial Stability Forum (5th IFSF) on 29 March 2012, in Manama, Bahrain.

The 5th IFSF was held in conjunction with the 20th Council Meeting of the IFSB, hosted by the Central Bank of Bahrain.

Programme – Event Session(s)

Date
Time
Topics

Day 1
29/03/2012
14:00 – 14:30
Registration

14:30 – 14:40
Opening Remarks H.E. Rasheed Al Maraj, Governor, Central Bank of Bahrain

14:40 – 15:20
Session 1 : Framework for Effective Insolvency Regimes for the Islamic Financial Services Industry Effective insolvency regimes and the implications for Islamic finance Regulatory, Sharī`ah and legal issues on insolvency regimes for the institutions offering Islamic financial services (IIFS) Cross-border and cross-sectoral issues and the need for coordination among regulatory and supervisory authorities for effective resolution Speaker: Mr. Vijay Srinivas Tata, Chief Counsel, Finance, Private Sector and Infrastructure, The World Bank Discussant: Mr. Inayat Hussain, Executive Director, State Bank of Pakistan

15:20 – 16:00
Session 2: Crisis Management in the Islamic Financial Services Industry Sharing experiences on managing crisis during financial turmoil Cross-border issues in crisis management from the Islamic finance perspective Impediments for effective crisis management in the Islamic financial services industry Speaker: Mr. Paul M. Koster, Chief Executive Officer, Dubai Financial Services Authority, UAE Discussant: H.E. Dr. Zeti Akhtar Aziz, Governor, Bank Negara Malaysia

16:00 – 16:20
Coffee and Networking Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB FIS Workshop Series (Nigeria): IFSB-4, IFSB-5, IFSB-7, GN-2.
2012-04-16 09:00 - 2012-04-20 16:30 | –, Bali, Indonesia
This Workshop is hosted by the Central Bank of Nigeria (CBN). These Workshops will cover the following IFSB Standards and Guiding Principles: •IFSB-1: Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offering only Islamic Financial Services •IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) •IFSB-4: Disclosures to Promote Transparency and Market Discipline for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds) •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) •IFSB-7: Capital Adequacy Requirements for Sukûk, Securitisations and Real Estate investment •GN-2: Guidance Note in Connection with the Risk Management and Capital Adequacy Standards: Commodity Murâbahah Transactions Participation in these Workshops are by INVITATION only. For more information on these Workshops, please email to Mrs. Azizakhon Yarlaeva at aziza@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
16/04/2012
IFSB-FIS WORKSHOP DAY ONE

09:00 – 09:30
Registration

09:30 – 09:50
Opening Session

09:50 – 11:15
Session 1 IFSB-1: Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offering only Islamic Financial Services -Overview on IFSB-1 Guiding Principles on Risk Management for IIFS -Focus on Credit Risk & Supervisory Perspective -Group Exercise

11:15 – 11:30
Coffee Break

11:30 – 13:00
Session 2 IFSB-1: Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offering only Islamic Financial Services – Focus on Equity Investment Risk & Supervisory Perspective – Focus on Operational Risk & Supervisory Perspective -Group Exercises

13:00 – 14:00
Lunch & Prayers

14:00 – 16:00
Session 3 IFSB-1: Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offering only Islamic Financial Services -Focus on Market Risk & Supervisory Perspective -Focus on Liquidity Risk & Supervisory Perspective -Focus on Rate of Return Risk & Supervisory Perspective -Intensive Case Studies

16:00 – 16:30
Coffee Break

Day 2
17/04/2012
IFSB-FIS WORKSHOP DAY TWO

09:30 – 11:15
Session 4 IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -Basel vs IFSB Capital Adequacy Framework -An overview of IFSB-2: Capital Adequacy Standard for IIFS -Measurement of Capital Adequacy Requirements for Credit Risk -Credit Risk Mitigation -Examples and Group Exercise

11:15 – 11:30
Coffee Break

11:30 – 13:00
Session 5 IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -Measurement of Capital Adequacy Requirements for Credit Risk (Cont’d) -Measurement of Capital Adequacy Requirements for Market Risk -Group Exercise -Group Discussion on Regulatory Approaches for Applying Risk Weights on Profit Sharing Modes

13:00 – 14:00
Lunch & Prayer

14:00 – 16:00
Session 6 IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -Measurement of Capital Adequacy Requirements for Operational Risk -Individual Exercise -Capital Adequacy Requirements for Islamic Financing Instruments

16:00 – 16:30
Coffee Break

Day 3
18/04/2012
IFSB-FIS WORKSHOP DAY THREE

09:30 – 11:00
Session 7 IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -Comprehensive Case Study on Capital Adequacy for IIFS

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 8 GN-2: Guidance Note in Connection with the Risk Management and Capital Adequacy Standards: Commodity Murâbahah Transactions -Case Study on Commodity Murâbahah Transactions and implications for IIFS and Supervisors

13:00 – 14:00
Lunch & Prayer

14:00 – 16:00
Session 9 IFSB-7: Capital Adequacy Requirements for Sukūk & Securitisations and Real Estate Investments

16:00 – 16:30
Coffee Break

Day 4
19/04/2012
IFSB-FIS WORKSHOP DAY FOUR

09:30 – 11:00
Session 10 IFSB-7: Capital Adequacy Requirements for Sukūk & Securitisations and Real Estate Investments -Capital Requirements for Sukūk & Securitisations and Real Estate (Cont’d)

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 11 IFSB-7: Capital Adequacy Requirements for Sukūk & Securitisations and Real Estate Investments -Case Study for Sukūk and Securitisation

13:00 – 14:00
Lunch & Prayer

14:00 – 16:00
Session 12 IFSB-4: Disclosures to Promote Transparency and Market Discipline for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) -Recommended Disclosures for IIFS

16:00 – 16:30
Coffee Break

Day 5
20/04/2012
IFSB-FIS WORKSHOP DAY FIVE

09:30 – 11:00
Session 13 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) -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 – 12:00
Session 14 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) -Case Studies for IFSB-5 -Discussion and Q&A Session

12:00 – 12:15
Closing Ceremony

12:15 – 14:30
Lunch & Jumaat Prayers

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

9th Islamic Financial Services Board Summit - Global Financial Reforms: The Changing Regulatory Model and Islamic Finance
2012-05-16 09:00 - 2012-05-17 21:30 | Swissôtel The Bosphorus, Istanbul, Istanbul, Turkey
The Central Bank of the Republic of Turkey will be hosting the 9th Islamic Financial Services Board Summit 2012. * More information will be uploaded in due course. * For sponsorship opportunities, please contact siham@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
15/05/2012
PRE-SUMMIT EVENTS

IFSB COUNTRY SHOWCASES
SPECIAL SESSION ON ISLAMIC MICROFINANCE

09:00 – 11:30
IFSB Country Showcase 1 – TURKEY

11:00 – 13:30
IFSB Country Showcase 2 – MALAYSIA

14:00 – 17:30
Special Session on Promoting Financial Inclusion through Islamic Microfinance

17:00 – 18:00
Summit Pre-Registration

19:00 – 21:30
Summit Welcome Reception

Day 2
16/05/2012
9TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT (DAY 1)

08:30 – 09:30
Registration

09:30 – 10:30
Opening and Keynote Session

10:30 – 11:00
Coffee break & Networking

11:00 – 12:30
Session 1: International Regulatory Initiatives to Enhance Global Financial Stability Objective of the session: To provide a backdrop against which the Summit discussion will ensue by highlighting current and recent international regulatory develop. Among the issues to be discussed are: Existing initiatives and developments by international standard-setting bodies, and international intergovernmental organisations Islamic finance and the global convergence of financial reporting Role of rating agencies in enhancing global financial stability

12:30 – 14:00
Lunch and Prayers

14:00 – 15:30
Session 2: Impact of International Regulatory Initiatives on the Islamic Financial Services Industry Objective of the session: To discuss if, and how, the recent international regulatory initiatives have impacted on the stability, development and growth of the Islamic financial services industry. Among the issues to be discussed are: Clarity and provision of level playing field in the dual financial systems Issues and challenges of implementing Islamic finance in secular/non-shariah jurisdictions Differential impact on the market segments Emerging liquidity and risk management issues

15:30 – 16:00
Coffee break & Networking

16:00 – 17:30
Session 3: Regulatory Harmonisation and Cross-border Linkages in Islamic Finance Objective of the session: To discuss and gain understanding on the challenges of fostering cross-border linkages between the financial and real sectors. Among the issues to be discussed are: Islamic financial instruments such as Sukuk as tools to foster linkages Legal, regulatory, rating and Shari`ah challenges in cross-border linkages Case study/ies

19:00 – 21:30
Gala Dinner (Hosted by the Central Bank of the Republic of Turkey)

Day 3
17/05/2012
9TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT (DAY 2)

09:00 – 10:30
Session 4: Global Financial Infrastructure of Islamic Finance Objective of the session: To review the existing infrastructure and building blocks of Islamic finance in strengthening the stability and resilience of the industry. Among the issues to be discussed are: Mobilising a stronger international cooperation Prospects for central bank cross-border liquidity provision Challenges in emerging economies Financial reporting, transparency and market discipline

10:30 – 11:00
Coffee break & Networking

11:00 – 12:30
Session 5: Panel Discussion – Global Regulatory Reform and the Prospects for the Islamic Financial Services Industry Objective of the session: To bring together panellists from differing backgrounds and viewpoints to discuss the global regulatory reforms, their challenges and opportunities, in the context of their organisational roles, as well as future prospects of the industry.

12:30 – 14:00
Lunch (End of Summit)

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Summit Brochure

IFSB-FIS Workshops for Regulatory and Supervisory Authorities of the IFSB Member Countries for the Islamic Capital Market and Takaful Sectors
2012-05-28 08:00 - 2012-05-31 17:00 | Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur, Malaysia
These Workshops will address the following IFSB Standards and Guidance Principles: • IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes • IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisation and Real Estate Investment • IFSB-8: Guiding Principles on Governance for Takāful (Islamic Insurance) Undertakings • IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services • IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services • IFSB-11: Standard on Solvency Requirements for Takāful (Islamic Insurance) Undertakings Participation in these Workshops are by INVITATION only. For more information on these Workshops, please email to Mrs. Azizakhon Yarlaeva at aziza@ifsb.org.

Downloadable Document(s)

1.)

FIS Workshop programme – Islamic Capital Market

2.)

FIS Workshop programme – Takaful

IFSB FIS-Workshop on Islamic Capital Markets
2012-06-04 08:30 - 2012-06-06 16:30 | Sofitel Imperial Resort & Spa, Mauritius
This Workshop is hosted by the Financial Services Commission Mauritius (FSC). The Workshop will cover the following IFSB Standards and Guiding Principles: • IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes • IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate Investment • IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services • IFSB-10: Guiding Principles on Sharī’ah Governance System for Institutions Offering Islamic Financial Services Participation in the Workshop is BY INVITATION only. For more information on the Workshop, please email to Mrs. Azizakhon Yarlaeva at aziza@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
04/06/2012
IFSB-FIS WORKSHOP DAY ONE

08:30 – 09:00
Registration

09:00 – 09:05
Welcome Remarks

09:05 – 09:20
Opening Remarks by IFSB Representative

09:20 – 09:35
Opening Remarks by Chief Executive of the FSC Mauritius

09:35 – 11:00
Session 1 Public Talk – Islamic Finance Perspectives in Africa

11:00 – 11:30
Coffee Break

11:30 – 12:30
Session 2 Introduction to Islamic Capital Markets – Concept and contracts in Islamic Finance – Overview of Islamic Capital Markets – Sharī’ah-compliant Stocks and Equities – Islamic Collective Investment Schemes – Sukūk

12:30 – 14:00
Lunch & Prayer

14:00 – 16:00
Session 3 IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate Investment – Sukūk and Securitization – Considerations for holders of Sukūk – Consideration for originators and servicer etc.

16:00 – 16:30
Coffee Break

Day 2
05/06/2012
IFSB-FIS WORKSHOP DAY TWO

09:30 – 11:00
Session 4 IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate investment – Case study – Experience sharing session by Sudan Financial Services Company

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 5 IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes – Definition of Islamic Collective Investment Schemes (ICIS) – Motivating factors – Guiding principles and recommended best practices

13:00 – 14:00
Lunch & Prayer

14:00 – 16:00
Session 6 IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes – Guiding principles and recommended best practices – Case study

16:00 – 16:30
Coffee Break

Day 3
06/06/2012
IFSB-FIS WORKSHOP DAY THREE

09:30 – 11:15
Session 7 IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services – Islamic perspective on conduct of business – Conduct of business and financial stability – IFSB recommendations on conduct of business – Experience sharing session by Central Bank of Sudan

11:15 – 11:30
Coffee Break

11:30 – 13:00
Session 8 IFSB-10: Guiding Principles on Sharī’ah Governance System for Institutions Offering Islamic Financial Services – General governance approach to Sharī’ah governance system – Requirements on Sharī’ah governance system – Experience Sharing Session by Central Bank of Pakistan

13:00 – 13:15
Closing Ceremony

13:15 – 14:00
Lunch

15:30 – 19:00
Organised Tour

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshop Series (Korea): IFSB-6, IFSB-7, IFSB-10.
2012-06-18 09:00 - 2012-06-19 17:00 | –, Bali, Indonesia
This Workshops are hosted by the Financial Supervisory Services of Korea (FSS). This Workshops will cover the following IFSB Standards and Guiding Principles: • Introduction to Islamic Finance • Introduction to Islamic Capital Market • IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes • IFSB-7: Capital Adequacy Requirements for Sukūk Securitisations and Real Estate Investment • IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services Participation in the Workshops is BY INVITATION only. For more information on the Workshop, please email to Mrs. Azizakhon Yarlaeva at aziza@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
18/06/2012
IFSB-FIS WORKSHOP DAY ONE

09:00 – 09:15
Registration

09:15 – 09:30
Opening Session

09:30 – 10:45
Session 1 Introduction to Islamic Finance: – Concept and contracts in Islamic Finance – Specificities of Islamic Finance

10:45 – 11:00
Coffee Break

11:00 – 12:15
Session 2 Introduction to Islamic Finance (Cont’d) – Islamic Banking Operations and Products – Takāful Models

12:15 – 13:30
Lunch

13:30 – 15:00
Session 3 Introduction to Islamic Capital Markets – Overview of Islamic Capital Market (ICM) – Key Products: Sukūk, Stocks and Indexes, Islamic Collective Investment Scheme

15:00 – 15:30
Coffee Break

15:30 – 17:00
Session 4 IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services

Day 2
19/06/2012
IFSB-FIS WORKSHOP DAY TWO

09:00 – 10:30
Session 5 IFSB-7: Capital Adequacy Requirements for Sukūk Securitisations and Real Estate Investment

10:30 – 10:45
Coffee Break

10:45 – 12:15
Session 6 IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate Investment (Cont’d)

12:15 – 13:30
Lunch

13:30 – 15:00
Session 7 IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes

15:00 – 15:30
Coffee Break

15:30 – 17:00
Session 8 IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes (Cont’d)

17:00 – 17:15
Closing Ceremony

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

BNM-IFSB Financial Inclusion Advisers Programme and Seminar on Islamic Microfinance
2012-08-27 09:00 - 2012-08-30 18:00 | Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur, Malaysia
This Programme and Seminar is co-organised with Bank Negara Malaysia. More information shall be uploaded in due course. Please email ifsb_sec@ifsb.org should you wish to register your interest to participate.
Programme – Event Session(s)

Date
Time
Topics

Day 1
27/08/2012
BNM-IFSB FINANCIAL INCLUSION ADVISERS PROGRAMME

09:00 – 09:10
Welcoming Remarks

09:10 – 09:20
Programme Brief and Administration Participants will be given a short administrative briefing to facilitate effective participation in the programme and during their stay in Malaysia

09:20 – 10:30
Session 1: Financial Inclusion as a National Strategic Agenda The purpose of the session is to give an overview of the different types of policies and interventions that collectively help shape a more inclusive financial sector. The session will give special emphasis to the importance of coordination amongst key stakeholders from Government, financial regulation and the financial industry in implementing action plans that cut across different institutions.

10:30 – 11:00
Tea break

11:00 – 12:00
Session 2: Key Building Blocks for Sustainable Financial Inclusion The purpose of the session is to learn from the work of the Alliance for Financial Inclusion in promoting financial inclusion globally through specific building blocks of knowledge and best practice.

12:00 – 12:30
Session 3: Q&A and Sharing of Country Experiences

12:30 – 13:45
Lunch

14:00 – 15:30
Session 4: Trend, Opportunities and Challenges in Financial Inclusion

15:30 – 16:00
Photography Session and Tea Break

16:00 – 17:00
Session 5: Enhancing the Capacity of SMEs to Participate in the Economy The purpose of the session is to share how institutional capacity at the national level can provide support to SMEs that do not have the requisite internal capacity to compete with more established businesses. This form of institutional capacity can provide training opportunities, marketing advisory services, business linkages and other management advisory services.

17:00 – 18:00
Welcoming Reception

Day 2
28/08/2012
BNM-IFSB FINANCIAL INCLUSION ADVISERS PROGRAMME

09:00 – 10:30
Session 6: Policies – Regulation and Supervision & Financial Inclusion Consultative Group to Assist the Poor (CGAP), The World Bank

10:30 – 11:00
Tea break

11:00 – 12:30
Session 7: The Malaysian Financial Sector Blueprint Financial Inclusion This session aims to provide an overview of the forward looking strategic thrusts of the 2011 – 2020 Malaysian Financial Sector Blueprint that aim to promote greater financial inclusion for greater shared prosperity. The session will include an overview of recent initiatives in developing a more robust framework for the collection and use of financial inclusion data to support evidence based policy making.

12:30 – 13:45
Lunch

14:00 – 15:15
Session 8: The Malaysian Financial Sector Blueprint Consumer Empowerment This session aims to provide an overview of the forward looking strategic thrusts of the 2011 – 2020 Malaysian Financial Sector Blueprint in the area of consumer empowerment, which will in turn enable more sustainable financial inclusion.

15:15 – 15:45
Tea Break

15:45 – 17:00
Session 9: Consumer Protection and Financial Education Malaysia Deposit Insurance Corporation

Day 3
29/08/2012
BNM-IFSB FINANCIAL INCLUSION ADVISERS PROGRAMME

09:00 – 10:30
Session 10: A Practitioner’s Perspective of Microfinance The session aims to consider microfinance and financial inclusion from the practitioners’ perspective in order to understand challenges and innovative solutions experienced by industry in developing more inclusive financial sectors.

10:30 – 11:00
Tea break

11:00 – 12:00
Session 11: Banking beyond Branches This session aims to develop deeper understanding of how branchless banking is promoting greater financial inclusion, and how innovative strategies have successfully overcome the hurdles and risks

12:00 – 12:30
Session 12: Developing Qualified Microfinance Professionals The purpose of this session is to understand how to better develope qualified microfinnacr professionals to ensure sustainable and progressive development of microfinnace.

12:30 – 14:00
Lunch

14:00 – 15:00
Session 13: Credit Guarantee for Small and Medium Enterprises The purpose of the session is to understand how a credit guarantee scheme can enable SMEs to obtain funding at more favorable rates in order to expand their business. The session will explain how such schemes can be established, and the key operational challenges that need to be managed

15:00 – 16:00
Session 14: Enhancing the Capacity of Micro-enterprises – The Case of Amanah Ikhtiar Malaysia This session will share the experiences of a local Malaysian microfinance credit provider that has adapted the Grameen model to local requirements with considerable success.

16:00 – 16:15
Tea Break

16:15 – 17:00
Exploring Malaysia Through Art BNM Museum and Art Gallery

Day 4
30/08/2012
SEMINAR ON ISLAMIC MICROFINANCE

09:00 – 09:30
Registration

09:30 – 09:45
Welcoming Remarks

09:45 – 10:00
Opening Remarks from Seminar Chairman

10:00 – 11:15
Session 1: Development and Challenges in Islamic Microfinance This session will discuss the recent developments in Islamic microfinance including innovation in the industry, such as the inclusion of Waqf and micro-Takāful in the Islamic microfinance programme. The discussion will also cover success stories of selected Islamic microfinance providers in order to explore their challenges, particularly from regulatory and supervisory perspectives.

11:15 – 11:45
Tea break

11:45 – 13:00
Session 2 : Comparative Analysis on Regulatory Framework for Islamic Microfinance This session will compare regulatory frameworks for Islamic microfinance institutions in selected IFSB member countries. Comparative analysis on regulatory framework for conventional microfinance counterparts also will be presented in this session.

13:00 – 14:30
Lunch

14:30 – 15:45
Session 3 : Issues in Supervisory Review of Islamic Microfinance This session will highlight issues in supervisory review of Islamic microfinance from national and international perspectives. The focus of discussion will be given to Islamic microfinance services provided by banking institutions.

15:45 – 17:00
Session 4 : Panel Discussion – Regulating Islamic Microfinance: The Way Forward In this session, banking regulators from selected IFSB member countries will discuss future strategies and initiatives in regulating Islamic microfinance in order to promote further development of the respective industry.

17:30 – 00:00
Tea break (End of Seminar)

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Seminar on the Role of Islamic Finance in the Development of Africa
2012-09-06 08:45 - 2012-09-07 21:00 | Hibiscus Ballroom, The Intercontinental Mauritius Resort, Mauritius
This IFSB Seminar is hosted by the Bank of Mauritius. Should you be interested to participate, please email your details to yazmin@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
05/09/2012
PRE-SEMINAR WORKSHOP ON INTRODUCTION TO ISLAMIC FINANCE AND THE IFSB STANDARDS

08:45 – 09:30
Registration

09:30 – 09:45
Opening Remarks

09:45 – 11:00
Session 1: Concept and Structure of Islamic Finance Contracts and Products Question and Answer

11:00 – 11:30
Coffee Break

11:30 – 12:45
Session 2: Risk Management for Institutions offering Islamic Financial Services Question and Answer

12:45 – 14:00
Lunch and Prayer

14:00 – 15:15
Session 3: Overview of the IFSB Standards and Guiding Principles for Governance (Corporate and Sharī`ah) Question and Answer

15:15 – 15:45
Coffee Break

15:45 – 17:00
Session 4: Case Studies (Sukūk Structure) Question and Answer

19:00 – 21:00
Welcome Dinner – Hosted by Bank of Mauritius Venue : The Island, The Intercontinental Mauritius Resort

Day 2
06/09/2012
SEMINAR ON THE ROLE OF ISLAMIC FINANCE IN THE DEVELOPMENT OF AFRICA (DAY-1)

08:45 – 09:30
Registration

09:30 – 10:30
Opening and Keynote Session

10:30 – 11:00
Coffee Break

11:00 – 12:00
Session 1: Overview on the Development of Islamic Financial Services Industry: Banking, Capital Markets and Takāful International developments of the Islamic financial services industry in the various sectors Globalisation of Islamic Finance: What would be the target market in the next decade? Islamic Finance and the African Continent

12:00 – 13:15
Session 2: Developing the Necessary Infrastructure for Islamic Financial Services in New Markets: Lessons to be learned Regulatory and prudential framework Legal and tax regime Human capital development

13:15 – 14:45
Lunch and Prayer

14:45 – 16:00
Session 3: Prospects for Islamic Financial Services and Products in the New and Emerging Markets Islamic banks Takāful Capital markets

16:00 – 17:15
Session 4: Structuring Sukūk for New Markets: Areas that need to be Addressed (Regulatory and Market Perspectives) Understanding the principal features of Sukūk How are the Islamic financial institutions Structuring Sukūk: Legal documentation and Sharī`ah aspects Regulatory framework for Sukūk transactions

17:15 – 17:45
Coffee Break and End of Day 1

Day 3
07/09/2012
SEMINAR ON THE ROLE OF ISLAMIC FINANCE IN THE DEVELOPMENT OF AFRICA (DAY-2)

09:30 – 11:00
Session 5: Islamic Microfinance in Africa: Achievements and Challenges Islamic microfinance product and features The role of Islamic microfinance in development and poverty alleviation Selected case studies on country experiences

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 6: Panel Discussion on Opening a New Gateway into Africa: Linking Mauritius with African Economic Development through Islamic Finance Managing the investment and financing of the African infrastructural sector through Islamic finance Challenges in bringing Islamic financial services to the forefront How the Mauritius financial services sector can enhance the role of Islamic finance and meet the needs of the African region

13:00 – 14:00
Lunch

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Other Hotels in Mauritius – Information

3.)

The Intercontinental Mauritius Resort – Hotel Reservation Form

Roundtable on Disclosure Requirements for Islamic Capital Market Products
2012-09-18 08:30 - 17:30 | Securities Commission Malaysia, Persiaran Bukit Kiara, Kuala Lumpur, kuala lumpur, Malaysia
This IFSB is co-organising this Roundtable with the International Organization of Securities Commission (IOSCO). The Securities Commission of Malaysia is hosting the Roundtable. Participation is BY INVITATION only.

Programme – Event Session(s)

Date
Time
Topics

Day 1
18/09/2012
08:30 – 09:00
Registration

09:00 – 09:30
Opening and Welcoming Addresses

09:30 – 10:00
Session 1: Comparative Evaluation of Regulatory and Best Practices on Disclosure of Islamic Capital Market Products (ICM) Benefits of global harmonisation of disclosure standards relating to ICM Diagnostics of the current regulatory and best practices adopted by different jurisdictions in relation to disclosure of Islamic capital market (ICM) products. General analysis of issues/potential issues affecting the development of ICM as a result of non-standardisation of disclosure requirements e.g. legal, Sharī`ah and governance issues Suggestions for approaches to dealing with all relevant issues which can support effective role of standard setting bodies, role of capital market authorities, industry associations and capital market participants.

10:00 – 10:30
Coffee Break

10:30 – 11:00
Session 2: Issues Arising from Inadequate Disclosure Requirement for Islamic Capital Market Products Potential legal and regulatory issues arising from inadequate disclosure of ICM products: Impact on investor protection and the development of the Islamic capital market industry. Analysis on the level of transparency pertaining to Sharī`ah compliance: Ex-ante and ex-post Sharī`ah compliance processes. Analysis of the gaps in the existing disclosure-related standards issued by international standard setters e.g. addressing the types of disclosures for (i) Sukūk, and (ii) Collective Investment Scheme on matters such as composition of Sharī`ah advisors, pronouncements on Sharī`ah compliance, basis of decision and the analysis of the gaps are and the role of rating agencies in promoting greater disclosure of Sukūk. Disclosure of emerging risks in relation to ICM products and the role of issuers, advisors and auditors in addressing these risks.

11:00 – 12:00
Commentaries from Discussants

12:00 – 12:30
Questions & Answers

12:30 – 14:00
Lunch

14:00 – 14:30
Session 3: The Importance of Strong Disclosure Regime in Facilitating Cross-border Activity and Development of Islamic Capital Market Products and Services Greater cross-border collaboration e.g. through multilateral arrangements for the development of Islamic capital markets. General analysis of disclosure related issues affecting crossborder investments e.g. the need for international standards on disclosure of Sharī`ah screening process, mechanisms for treatment of tainted income etc. The pros and cons of having a standardised documentation for key contracts used in Islamic capital markets e.g. Standard Wakalah Agreement etc. Benefits of common accounting standards on disclosure for cross-border offerings of ICM products.

14:30 – 15:30
Commentaries from Dicussants

15:30 – 16:00
Questions & Answers

16:00 – 16:30
Coffee Break

16:30 – 17:30
Concluding Remarks and Summary of Roundtable

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshops on Islamic Capital Markets
2012-11-19 09:00 - 2012-11-21 16:30 | Umm Al Ramool Area – Securities & Commodities Authority Building, Dubai, United Arab Emirates
The Workshops are hosted by the Emirates Securities & Commodities Authority Participation is BY INVITATION only. For more information on the Workshops, please email Mrs. Azizakhon Yarlaeva at aziza@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
19/11/2012
IFSB-FIS WORKSHOP DAY ONE

09:00 – 09:30
Registration

09:30 – 09:45
Opening Opening Remarks by the IFSB

09:45 – 11:15
Introduction to Islamic Capital Market – Concept of Islamic Finance – Products of Islamic Capital Market – Issues in Islamic Capital Market

11:15 – 11:30
Coffee Break

11:30 – 13:00
Governance for Islamic Collective Investment Schemes – Definition of ICIS – General Governance Approach of ICIS – Transparency and Disclosure

13:00 – 14:00
Lunch & Prayer

14:00 – 16:00
Governance for Islamic Collective Investment Schemes (Cont’d and Case Studies) – Compliance with Shari’ah Rules and Principles – Additional Protection for ICIS Investors – Case Studies

16:00 – 16:30
Coffee Break

Day 2
20/11/2012
IFSB-FIS WORKSHOP DAY TWO

09:30 – 11:00
Prudential Issues for Sukuk Instruments – Sukuk Structures – Collateral Security Structures – Risks in Securitization Structures – Operational Requirements Pertaining to Sukuk and Securitizations

11:00 – 11:30
Coffee Break

11:30 – 13:00
Prudential Issues for Sukuk Instruments (Cont’d and Case Studies) – Credit Risk Mitigation for Securitization Exposures – Credit Enhancement for Shari’ah Compliant Securitizations – Case Studies

13:00 – 14:00
Lunch & Prayer

14:00 – 16:00
Panel Discussion: Issues and Challenges in the Development of Islamic Capital Market Speakers: – Representative from IFSB – Representative from SCA

16:00 – 16:30
Coffee Break

Day 3
21/11/2012
IFSB-FIS WORKSHOP DAY THREE

09:30 – 11:00
Conduct of Business – Islamic Perspective on Conduct of Business – Conduct of Business and Financial Stability – IFSB Recommendations on Conduct of Business

11:00 – 11:30
Coffee Break

11:30 – 13:00
Shari’ah Governance System – General Governance Approach to Shari’ah Governance System – Requirements on Shari’ah Governance System

13:00 – 14:00
Lunch & Prayer

14:00 – 16:00
Shari’ah Governance System – Case Studies – Experience Sharing by Central Bank of Jordan

16:00 – 16:30
Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Survey Soft Copy – IPICM

Regional Islamic Finance Forum: Future Prospects
2012-11-20 09:00 - 2012-11-21 17:30 | Marriot Cairo Hotel, 16 Saray El Gezira, Zamalek, Cairo, Egypt, Cairo
This IFSB Seminar is co-organised with The World Bank and the Central Bank of Egypt. More information shall be uploaded in due course. Please email ifsb_sec@ifsb.org should you wish to register your interest to participate.

Programme – Event Session(s)

Date
Time
Topics

Day 1
20/11/2012
09:00 – 09:30
Registration

09:30 – 10:30
Opening and Keynote Session

10:30 – 11:00
Coffee break and Networking

11:00 – 12:30
Session 1 – Overview and Opportunities of the Islamic Financial Services Industry In the early phases of its development, Islamic finance was essentially domestic-centric, focusing on retail financing, trade financing and the financing of other commercial business activities. This has changed following the drive of nations to diversify the domestic financial infrastructure so as to avoid the over-dependence on the banking sector as well as to keep up with the trend towards greater liberalisation of the financial system. These factors have spurred the development of the Islamic finance and its greater integration into the international financial system. It will also give a current overview of Islamic finance, its potentials and opportunities.

12:30 – 14:00
Lunch

14:00 – 15:30
Session 2 – Overview of Regulatory, Legal and Operational Issues in Islamic Finance The session will highlight various operational issues faced by the Islamic financial services industry (IFSI) and factors that determine the scope of activities that they offer within the stipulated regulatory and legal environment. The speakers are expected to share their experience in managing these issues and suggest possible options to address them

15:30 – 17:00
Session 3 – Country Experiences in Establishing Islamic Financial Services Any country which plans to establish Islamic financial services will benefit from this session as the speakers will discuss the challenges they encountered during the initial phases of introducing Islamic financial services, and how they balanced their role as the supervisor and the developer of Islamic finance. Key issues related to changes to taxation laws, property laws and trust laws and how they have been able to expedite the development of Islamic finance industry, particularly on issuances of Sukūk, will be the key topics highlighted.

17:00 – 17:30
Coffee break and Networking

Day 2
21/11/2012
09:30 – 11:00
Session 4 – Exploring Sharī`ah Concepts in Financial Inclusion to Support Growth of the Economy Sharī`ah is the key pillar from which Islamic finance derives its unique characteristics. The Sharī`ah injunctions require that Islamic financial transactions be accompanied by an underlying productive activity or asset. In the wake of the global financial crisis, developing economies now need to develop strategies that effectively align the financial sector and the productivity level in the real economy. This session will concurrently discuss the role of microfinance and the financing of real estate and small and medium enterprises in this regard. Concurrent session 1: Microfinance Concurrent session 2: Housing and Real Estate Finance Concurrent session 3: Financing for Small and Medium Enterprises

11:00 – 11:30
Coffee break and Networking

11:30 – 13:00
Session 5 – Creating an Enabling Environment for Islamic Finance: Sharing Experiences and Lessons Learnt The future of Islamic finance will require closer regional and international inter-linkages. Supervisory authorities will find this session beneficial as the panelists from the international intergovernmental organizations will share their experiences and lessons learned in creating a conducive global environment that aims to support the development of the Islamic financial services industry. Critical infrastructure issues related to capacity building and liquidity infrastructure framework will be discussed.

13:00 – 13:30
Closing Session

13:30 – 14:30
Lunch ( End of Seminar)

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshops for Regulatory and Supervisory Authorities - Liquidity Risk Management and Stress Testing Standards
2012-11-26 09:00 - 2012-11-30 17:00 | Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur, Malaysia
The forthcoming 2012 IFSB-FIS Workshops, which are catered for the Banking Regulators and Supervisors, will focus on Risk Management issues in Institutions offering Islamic Financial Services (IIFS), with particular attention given to Liquidity Risk Management and Stress Testing arrangements for IIFS. The Workshops will cover the following IFSB Standards and Guiding Principles: • IFSB-12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services. • IFSB-13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services. Participation is BY INVITATION only. For more information on the Workshops, please email Mrs. Azizakhon Yarlaeva at aziza@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
26/11/2012
IFSB-FIS WORKSHOP DAY ONE

09:00 – 09:30
Registration

09:30 – 09:50
Opening Remarks by the IFSB

09:50 – 11:10
Session 1 Islamic Finance: Concept and Contracts and Risk Implications for IIFS Overview of Prudential Issues in IIFS

11:10 – 11:30
Coffee Break

11:30 – 13:00
Session 2 IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) – Credit Risk & Supervisory Perspective – Equity Investment Risk & Supervisory Perspective – Operational Risk & Supervisory Perspective – Market Risk & Supervisory Perspective – Liquidity Risk & Supervisory Perspective – Rate of Return Risk & Supervisory Perspective

13:00 – 14:00
Lunch & Prayer

14:00 – 15:00
Session 3 Case Studies – Case Studies on Risk Management

15:00 – 15:30
Coffee Break

15:30 – 17:00
Session 4 -Challenges in Liquidity Risk Management from Global Perspective and Implications for IIFS – Significance of liquidity risk management for financial institutions in post-crisis world -The regulatory response to global financial crisis – initiatives of global standard setters and supervisory authorities -Challenges in Liquidity Risk Managements by IIFS -The IFSB initiatives and publications on liquidity risk management of IIFS

Day 2
27/11/2012
IFSB-FIS WORKSHOP DAY TWO

09:30 – 11:10
Session 1 Guiding Principles on Liquidity Risk Management of IIFS – Funding and Market Liquidity Risk – Necessary Conditions for an effective Liquidity Risk Management in IFSI – Governance Structure: Role of the Board of Directors and Senior Management – Identification of Liquidity Risk – Interactions of Liquidity Risk and Implications of Islamic Financing Contracts Case Study – 1: Liquidity Risk and Financial Distress in an Islamic investment company

11:10 – 11:30
Coffee Break

11:30 – 13:00
Session 2 Guiding Principles on Liquidity Risk Management of IIFS – Measurement of Liquidity Risk – Diversification of the Funding Base – Consolidated Management of Liquidity Risk – Maintaining High-Quality Liquidity Buffer – Preparing a Contingency Funding Plan – Managing Sharī`ah-Compliant Collateral Case Study – 2: Shari’ah Compliant Alternatives to Repo Transactions – Some practices and initiatives

13:00 – 14:00
Lunch & Prayer

14:00 – 15:30
Session 3 Guiding Principles on Liquidity Risk Management of IIFS – Managing Sharī`ah-Compliant Collateral & Collaboration between IIFS – Meeting Payment and Settlement System Obligations – Foreign Exchange Liquidity Risk – Reporting and Disclosure of Liquidity Risk Case Study – 2: Shari’ah Compliant Alternatives to Repo Transactions – Some practices and initiatives Case Study – 3: Insolvency of an IIFS – Management and Supervision of Liquidity Risk

15:30 – 16:00
Coffee Break

16:00 – 17:00
Session 4 Guiding Principles Liquidity Risk Management for Supervisory Authorities – Responsibility for Supervision of Liquidity Risk & Need for Supervisory Regulations – Supervisors’ Role as Provider of Liquidity Support – Supervision of Liquidity Risk at Consolidated Level Case Study – 4: Supervisory arrangements for Shari’ah compliant Lender of Last Resort and other Liquidity Support to IIFS Experience sharing by Central Bank of Sudan: Instruments and Mechanisms for Liquidity Management of IIFS in Sudan

Day 3
28/11/2012
IFSB-FIS WORKSHOP DAY THREE

09:30 – 11:00
Session 1 Guiding Principles Liquidity Risk Management for Supervisory Authorities – Home-Host and Cross-Sector Supervision of Liquidity Risk – Contingency Planning – Supervisors’ Role in the Development of Liquidity Infrastructure Group Discussion – 2: Resolution of Issues in the Management of LCR by the IIFS Experience sharing by Central Bank of Bahrain: Regulatory Framework and Central Bank Tools for Supervision, Monitoring and Support of Liquidity for the IIFS

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 2 Understanding Stress Testing for Financial Institutions – Stress testing as a risk Management tool – Stress Testing and Global financial crisis – International Guidance on Stress Testing and Gap Analysis – Necessary Conditions For An Effective Stress Testing Regime – IFSB Comprehensive Stress Testing Framework for IIFS

13:00 – 14:00
Lunch & Prayer

14:00 – 15:00
Session 3 Issues and Challenges in Conducting Stress Testing: IMF Perspective – Key Issues in Stress Testing for financial institutions and their supervisors – Overcoming challenges in various stages of Stress Testing – Stress Testing and Financial Stability Perspective – Recent EU and USA Stress Testing Key Results & Implications

15:00 – 15:30
Coffee Break

15:30 – 17:00
Session 4 Guiding Principles on Stress Testing for IIFS – Governance Aspects of the Stress Testing Framework – Identification of Risk Factors and Coverage of Scenarios – Specific Elements of IIFS in Stress Testing – Stress Testing Methodologies FSAP and Stress Testing

Day 4
29/11/2012
IFSB-FIS WORKSHOP DAY FOUR

09:30 – 11:00
Session 1 Guiding Principles on Stress Testing for IIFS (Cont’d) – Stress Testing Methodologies – Frequency of Stress Testing – Outputs of Stress Testing and Remedial Actions – Disclosure of the Stress Testing Programme

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 2 Live Simulations and exercises on: – How to conduct “Micro level (or IIFS level) Stress Testing” – Factors and scenarios to consider for Micro Stress Testing – Exercises/Case Studies on Stress Testing for Selected IIFS – Different IIFS’ portfolios related Stress Testing – Capital Requirements Stress Testing – Credit risk related Stress Testing – Liquidity (i.e. funding and/or market liquidity) Risk Related Stress Testing – Shari’ah non-compliance Stress Testing under Operational Risk – Profitability related Stress Testing

13:00 – 14:00
Lunch & Prayer

14:00 – 15:30
Session 3 Guiding Principles on Stress Testing for Supervisory Authorities – Regular and Comprehensive Assessments of IIFS’ Stress Testing – Supervisory Evaluation of an IIFS’s Stress Testing Methodology – Designing and Implementing System-Wide Stress Tests and Frequencies – Corrective Actions & Regular Supervisory Dialogue with IIFS and the Industry – Cross-border Issues and Home-Host Coordination – Stress Testing Reporting Disclosures and Format

15:30 – 16:00
Coffee Break

16:00 – 17:00
Session 4 Live Simulations and Exercises on: – How to Conduct “Micro level (or IIFS level) Stress Testing” – How to Conduct “Macro-level (or system-wide) Supervisory Stress Testing – Factors and Scenarios to Consider for Micro and Macro-level Stress Testing – Limitations of Supervisory Corrective Actions

Day 5
30/11/2012
IFSB-FIS WORKSHOP DAY FIVE

09:30 – 11:30
Session 1 – Financial Sector Assessment Programme – FSAP by World Bank-IMF – Experience Sharing by IFSB Member Country – Open Discussion and Dialogue on IFSB Moving forward of Stress Testing

11:30 – 11:45
Coffee Break

11:45 – 12:15
Closing Ceremony

12:15 – 13:30
Lunch & Jumma Prayer

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

6th Islamic Financial Stability Forum : Promoting Resilience and Stability of the Islamic Financial Services Industry: Strengthening Consumer Protection and Business Conduct
2012-12-12 14:30 - 16:00 | Jeddah, Jeddah, Saudi Arabia, Saudi Arabia
The IFSB organised its 6th Islamic Financial Stability Forum (6th IFSF) on 12 December 2012, in Saudi Arabia.

The 6th IFSF was held in conjunction with the 21st Council Meeting of the IFSB, hosted by the Islamic Development Bank.

Programme – Event Session(s)

Date
Time
Topics

Day 1
12/12/2012
14:30 – 14:40
Opening Remarks H.E. Rasheed M. Al Maraj, Governor, Central Bank of Bahrain and Chairman of the IFSB

14:40 – 15:40
Developing A Platform for Consumer Protection in the Islamic Financial Services Industry Consumer protection in Islamic finance: A function of ethics and conduct Role of Sharī`ah Supervisory Boards in promoting ethics and good conduct in Islamic financial institutions Challenges in developing a strong regulatory framework for consumer protection in Islamic finance Strategies to improve consumer protection in Islamic finance Speaker: Dato’ Dr. Nik Ramlah Nik Mahmood, Deputy Chief Executive, Securities Commission Malaysia Discussants: 1. Mr. Simon Gray, Director of Supervision and Head of Islamic Finance, Dubai Financial Services Authority, UAE 2. Prof. Dato’ Dr. Azmi Omar, Director General, IRTI-Islamic Development Bank Group

15:40 – 16:00
Coffee and Networking Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Roundtable on the Islamic Financial Services Industry Stability Draft Report
2013-01-21 09:00 - 17:00 | Sasana Kijang, kuala lumpur, Malaysia
Participation in the Roundtable is BY INVITATION only. For more information on the Roundtable, please email Ms. Yazmin Aziz at yazmin@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
21/01/2013
09:00 – 09:30
Registration

09:30 – 09:40
Opening Session

09:40 – 10:40
Session 1 : Development of the Global Islamic Financial Services Industry (IFSI) Overview of the IFSI Trends in the development of Islamic banks, Islamic capital market, Takāful and Islamic funds (2004-2011) Challenges faced by the industry Assessment on the resilience of the IFSI – financial ratios, stress testing, capital adequacy and Basel III Roles of Islamic capital market and Takāful in ensuring financial stability Further policy recommendations to encourage financial stability Discussion

10:40 – 11:00
Coffee Break

11:00 – 12:00
Session 2 : Islamic Finance and the Changing Global Financial Architecture Global initiatives to promote financial stability Evolving financial architecture for Islamic finance IFSB Standards: Progress of implementation Discussion

12:00 – 13:00
Session 3 : Progress in Promoting the Resilience and Stability of the IFSI Comprehensive set of cross-sectoral prudential standards Development of liquidity management infrastructure Strengthening financial safety nets Effective crisis management and resolution framework Macro-prudential surveillance Discussion

13:00 – 14:00
Lunch & Prayer

14:00 – 15:00
Session 4 : The Islamic Financial Stability Forum An executive summary of the discussions Suggestions on how to achieve an effective and beneficial Forum moving forward Discussion

15:00 – 16:00
Session 5 : Emerging Issues in Financial Stability Consumer protection Financial inclusion Crisis management / threat to stability Discussion

16:00 – 16:30
Coffee Break

16:30 – 17:00
Session 6 : Concluding Remarks and Summary Moving Forward

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Map to Sasana Kijang

The IFSB Public Hearing on Exposure Drafts 14 and 15
2013-01-22 09:00 - 12:15 | Forum Room, Sasana Kijang, Kuala Lumpur, Malaysia
The Public Hearing will cover the following documents:

1) Exposure Draft 14: Standard on Risk Management for Takāful (Islamic Insurance) Undertakings
2) Exposure Draft 15: Standard on Revised Capital Adequacy for Institutions offering Islamic Financial Services (Other than Takāful Institutions and Islamic Collective Investment Schemes)

For more information on the Public Hearing, please email to Ms. Ismawaty Ismail at ismawaty@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
22/01/2013
09:00 – 09:30
Registration

09:30 – 10:00
Presentation on Exposure Draft – 14: Standard on Risk Management for Takāful (Islamic Insurance) Undertakings

10:00 – 10:30
Question and Answer

10:30 – 11:00
Coffee Break

11:00 – 11:30
Presentation on Exposure Draft – 15: Standard on Revised Capital Adequacy for Institutions offering Islamic Financial Services (Other than Takāful Institutions and Islamic Collective Investment Schemes)

11:30 – 12:15
Question and Answer

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshops on Takaful
2013-01-29 08:15 - 2013-01-31 15:30 | Corinthia Hotel Khartoum, Khartoum, Sudan
The Workshops are hosted by The Insurance Supervisory Authority of Sudan. Participation is BY INVITATION only. For more information on the Workshops, please email Mrs. Azizakhon Yarlaeva at aziza@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
29/01/2013
08:15 – 08:45
Registration

08:45 – 09:00
Opening Remarks by the IFSB

09:00 – 10:00
Session 1: Introduction to Islamic Finance and Takāful Concept and Contracts in Islamic Finance Takāful Models Prudential Issues in Takāful

10:00 – 10:30
Coffee Break

10:30 – 12:00
Session 2: Guiding Principles on Governance for Takāful (Islamic Insurance) Undertakings Reinforcement of Relevant Good Governance Practices Independence and Integrity of Governance Organs Appropriate Code of Ethics and Conduct Protection of Rights and Interests of Takāful Participants Appropriate Disclosures to Material and Relevant Information

12:00 – 12:30
Coffee Break & Prayers

12:30 – 14:30
Session 3: Standard on Solvency Requirements for Takāful (Islamic Insurance) Undertakings Specificity of Solvency Requirements for Takāful Solvency Control Levels Criteria for Assessing the Quality and Suitability of Solvency Resources in the Takāful and Shareholders Funds Risk Management Framework

14:30 – 15:30
Lunch

Day 2
30/01/2013
09:00 – 10:00
Session 4: Guidance Note on the Recognition of Ratings by External Credit Assessment Institutions (ECAIS) on Takâful and ReTakâful Undertakings Legal and Corporate Structure Underwriting Surpluses and Capital Levels Analytic Considerations Which Refer in Particular to ReTakāful

10:00 – 10:30
Coffee Break

10:30 – 12:00
Session 5: Case Studies

12:00 – 12:30
Coffee Break & Prayers

12:30 – 14:30
Session 6: Risk Management and Other Prudential Issues in Takāful

14:30 – 15:30
Lunch

Day 3
31/01/2013
09:00 – 10:00
Session 7: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services Islamic Perspective on Conduct of Business Conduct of Business and Financial Stability IFSB Recommendations on Conduct of Business

10:00 – 10:30
Coffee Break

10:30 – 12:00
Session 8: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services General Governance Approach to Sharī`ah Governance Systems Requirements on Sharī`ah Governance Systems

12:00 – 12:30
Coffee Break & Prayers

12:30 – 14:00
Session 9: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services Case Studies

14:00 – 14:20
Closing Ceremony

14:20 – 15:30
Lunch

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshops on Liquidity Risk Management and Stress Testing Standards
2013-01-29 08:45 - 2013-01-31 15:30 | Corinthia Hotel Khartoum, Khartoum, Sudan
The Workshops are hosted by the Central Bank of Sudan Participation is BY INVITATION only. For more information on the Workshops, please email Mrs. Azizakhon Yarlaeva at aziza@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
29/01/2013
08:45 – 09:00
Opening Remarks by the IFSB

09:00 – 10:30
Session 1: Overview of the Risk Management for the IIFS Islamic Finance: Concept and Contracts and Risks Implication for IIFS Overview of Prudential Issues in IIFS Credit Risk Equity Investment Risk Operational Risk Market Risk Liquidity Risk Rate of Return Risk

10:30 – 11:00
Coffee Break

11:00 – 12:30
Session 2: Guiding Principles on Liquidity Risk Management for IIFS Funding and Market Liquidity Risk Necessary Conditions for an Effective Liquidity Risk Management in IFSI Governance Structure: Role of the Board of Directors and Senior Management Identification of Liquidity Risk Interactions of Liquidity Risk and Implications of Islamic Financing Contracts Case Study

12:30 – 13:00
Coffee Break & Prayers

13:00 – 14:30
Session 3: Guiding Principles on Liquidity Risk Management for IIFS Measurement of Liquidity Risk Diversification of the Funding Base Consolidated Management of Liquidity Risk Maintaining High-Quality Liquidity Buffer Preparing a Contingency Funding Plan Managing Sharī`ah-Compliant Collateral Case Study

14:30 – 15:30
Lunch

Day 2
30/01/2013
09:00 – 10:30
Session 4: Guiding Principles on Liquidity Risk Management for IIFS Collaboration Between IIFS Meeting Payment and Settlement System Obligations Foreign Exchange Liquidity Risk Reporting and Disclosure of Liquidity Risk Group Discussion

10:30 – 11:00
Coffee Break

11:00 – 12:30
Session 5: Guiding Principles on Liquidity Risk Management for Supervisory Authorities Responsibility for Supervision of Liquidity Risk & Need for Supervisory Regulations Supervisors Role as Provider of Liquidity Support Supervision of Liquidity Risk at Consolidated Level Home-Host and Cross-Sector Supervision of Liquidity Risk Contingency Planning Supervisors Role in the Development of Liquidity Infrastructure Appendices: Suggested Metrics and Monitoring Tools Group Discussion

12:30 – 13:00
Coffee Break & Prayers

13:00 – 14:30
Session 6: Understanding Stress Testing for Financial Institutions Stress Testing as a Risk Management Tool Stress Testing and Global Financial Crisis International Guidance on Stress Testing and Gap Analysis IFSB Comprehensive Stress Testing Framework for IIFS Governance Aspects of the Stress Testing Framework Identification of Risk Factors and Coverage of Scenarios

14:30 – 15:30
Lunch

Day 3
31/01/2013
09:00 – 10:30
Session 7: Guiding Principles on Stress Testing for IIFS (Cont d) Specific Elements of IIFS in Stress Testing Stress Testing Methodologies Frequency of Stress Testing Outputs of Stress Testing and Remedial Actions Disclosure of the Stress Testing Programme Comprehensive Case Study on Liquidity Risk Stress Testing Group Exercise

10:30 – 11:00
Coffee Break

11:00 – 12:30
Session 8: Stress Testing Solvency Simulation Exercises: How to Conduct Micro Level (or IIFS Level) Stress Testing Capital Requirements Stress Testing Credit Risk and Market Risk Related Stress Testing

12:30 – 13:00
Coffee Break & Prayers

13:00 – 14:30
Session 9: Guiding Principles on Stress Testing for Supervisory Authorities Regular and Comprehensive Assessments of IIFS Stress Testing Supervisory Evaluation of an IIFSs Stress Testing Methodology Designing and Implementing System – Wide Stress Tests and Frequencies Corrective Actions & Regular Supervisory Dialogue with IIFS and the Industry Cross-border Issues and Home – Host Coordination Stress Testing Reporting Disclosures and Format

14:30 – 14:50
Closing Ceremony

14:50 – 15:30
Lunch

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

The IFSB Public Hearing on Exposure Drafts 14 and 15
2013-02-17 08:00 - 17:00 | Ballroom, Crowne Plaza Hotel, Doha, Qatar
The Public Hearing will cover the followings: 1) Exposure Draft 14: Standard on Risk Management for Takāful (Islamic Insurance) Undertakings 2) Exposure Draft 15: Standard on Revised Capital Adequacy for Institutions offering Islamic Financial Services (Other than Takāful Institutions and Islamic Collective Investment Schemes) For more information on the Public Hearing, please email to Ms. Ismawaty Ismail at ismawaty@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
17/02/2013
09:00 – 09:30
Registration

09:30 – 10:00
Presentation on Exposure Draft – 14: Standard on Risk Management for Takāful (Islamic Insurance) Undertakings

10:00 – 10:30
Question and Answer

10:30 – 11:00
Coffee Break

11:00 – 11:30
Presentation on Exposure Draft – 15: Standard on Revised Capital Adequacy for Institutions offering Islamic Financial Services (Other than Takāful Institutions and Islamic Collective Investment Schemes)

11:30 – 12:15
Question and Answer

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Regional Workshops on Liquidity Risk Management and Stress Testing Standards
2013-02-18 07:30 - 2013-02-20 15:45 | Al Manar Hall, Crowne Plaza Doha – The Business Park P.O.Box 22080, Doha airport road., Doha, Qatar
The Workshops are hosted by Qatar Central Bank Participation is BY INVITATION only. For more information on the Workshops, please email Mrs. Azizakhon Yarlaeva at aziza@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
18/02/2013
07:30 – 08:00
Registration

08:00 – 08:15
Opening Remarks by the IFSB

08:15 – 09:45
Session 1: Overview of the Risk Management for the IIFS Islamic Finance: Concept and Contracts and Risks Implication for IIFS Overview of Prudential Issues in IIFS IFSB Key Risk Categories

09:45 – 10:15
Coffee Break

10:15 – 11:45
Session 2: Guiding Principles on Liquidity Risk Management for IIFS Funding and Market Liquidity Risk Necessary Conditions for an Effective Liquidity Risk Management in IFSI Governance Structure: Role of the Board of Directors and Senior Management Identification of Liquidity Risk Interactions of Liquidity Risk and Implications of Islamic Financing Contracts Case Study

11:45 – 12:15
Coffee Break & Prayers

12:15 – 13:45
Session 3: Guiding Principles on Liquidity Risk Management for IIFS Measurement of Liquidity Risk Diversification of the Funding Base Consolidated Management of Liquidity Risk Maintaining High-Quality Liquidity Buffer Preparing a Contingency Funding Plan Managing Sharī`ah-Compliant Collateral Case Study

13:45 – 14:45
Session 4: Experience Sharing Session

14:45 – 15:45
Lunch

Day 2
19/02/2013
08:00 – 09:30
Session 5: Guiding Principles on Liquidity Risk Management for IIFS Collaboration between IIFS Meeting Payment and Settlement System Obligations Foreign Exchange Liquidity Risk Reporting and Disclosure of Liquidity Risk Group Discussion

09:30 – 10:00
Coffee Break

10:00 – 11:30
Session 6: Guiding Principles on Liquidity Risk Management for Supervisory Authorities Responsibility for Supervision of Liquidity Risk & Need for Supervisory Regulations Supervisors Role as Provider of Liquidity Support Supervision of Liquidity Risk at Consolidated Level Home-Host and Cross-Sector Supervision of Liquidity Risk Contingency Planning Supervisors Role in the Development of Liquidity Infrastructure Appendices: Suggested Metrics and Monitoring Tools Group Discussion Experience Sharing Session

11:30 – 12:00
Coffee Break & Prayers

12:00 – 13:30
Session 7: Understanding Stress Testing for Financial Institutions Stress Testing as a Risk Management Tool Stress Testing and Global Financial Crisis International Guidance on Stress Testing and Gap Analysis IFSB Comprehensive Stress Testing Framework for IIFS Governance Aspects of the Stress Testing Framework Identification of Risk Factors and Coverage of Scenarios

13:30 – 14:30
Session 8: Experience Sharing Session

14:30 – 15:30
Lunch

Day 3
20/02/2013
08:00 – 09:30
Session 9: Guiding Principles on Stress Testing for IIFS (Cont d) Specific Elements of IIFS in Stress Testing Stress Testing Methodologies Frequency of Stress Testing Outputs of Stress Testing and Remedial Actions Disclosure of the Stress Testing Programme Comprehensive Case Study On Liquidity Risk Stress Testing Group Exercise

09:30 – 10:00
Coffee Break

10:00 – 11:30
Session 10: Stress Testing Solvency Simulation Exercises: How to Conduct Micro Level (or IIFS Level) Stress Testing Capital Requirements Stress Testing Credit Risk and Market Risk Related Stress Testing

11:30 – 12:00
Coffee Break & Prayers

12:00 – 13:30
Session 11: Guiding Principles on Stress Testing for Supervisory Authorities Regular and Comprehensive Assessments of IIFS Stress Testing Supervisory Evaluation of an IIFS Stress Testing Methodology Designing and Implementing System-Wide Stress Tests and Frequencies Corrective Actions & Regular Supervisory Dialogue with IIFS and the Industry Cross-border Issues and Home -Host Coordination Stress Testing Reporting Disclosures and Format

13:30 – 14:30
Session 12: Experience Sharing Session

14:30 – 14:50
Closing Ceremony

14:50 – 15:50
Lunch

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB FIS-Workshop on Islamic Capital Markets
2013-03-04 09:00 - 2013-03-05 17:30 | Arapcami Mahallesi Bankalar Caddesi No: 21/A Kat:1-2 34420 Karakoy,Beyoglu, Istanbul, Istanbul, Turkey
This Workshop is hosted by the Capital Markets Board of Turkey (CMB) The Workshop will cover the following IFSB Standards and Guiding Principles: • IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes • IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate Investment • IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services • IFSB-10: Guiding Principles on Sharī’ah Governance System for Institutions Offering Islamic Financial Services Participation in the Workshop is BY INVITATION only. For more information on the Workshop, please email to Mrs. Azizakhon Yarlaeva at aziza@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
04/03/2013
09:00 – 09:30
Registration

09:30 – 09:50
Opening Session

09:50 – 11:15
Session 1: Introduction to Islamic Capital Market Concept of Islamic Finance Key Products of Islamic Capital Market Key Issues in Islamic Capital Market

11:15 – 11:30
Coffee Break

11:30 – 13:00
Session 2: IFSB – 7: Prudential Issues in Sukūk Instruments Sukūk Structures Collateral Security Structures Risks in a Securitization Structures Operational Requirements Pertaining to Sukūk and Securitizations

13:00 – 14:00
Lunch & Prayer

14:00 – 15:30
Session 3: IFSB – 7: Prudential Issues in Sukūk Instruments Cont’d Credit Risk Mitigation for Securitization Exposures Credit Enhancement for Shariah Compliant Securitization Case Study

15:30 – 16:00
Coffee Break

16:00 – 17:30
Session 4: Case Study Sukūk Structures Prudential Issues from Sukūk Structures Experience Sharing Session

Day 2
05/03/2013
09:00 – 11:00
Session 5: IFSB – 6: Governance for Islamic Collective Investment Schemes Definition of ICIS, General Governance Approach of ICIS Transparency and Disclosure Compliance with Shariah Rules and Principles Additional Protection for ICIS Investors Case Study

11:00 – 11:15
Coffee Break

11:15 – 13:00
Session 6: IFSB-9: Conduct of Business Islamic Perspective on Conduct of Business Conduct of Business and Financial Stability IFSB Recommendations on Conduct of Business Case Study

13:00 – 14:00
Lunch & Prayer

14:00 – 15:30
Session 7: IFSB – 10: Shariah Governance System General Governance Approach to Shariah Governance System Requirements on Shariah Governance System Guiding Principles on Shariah Governance -Case Study & Group Exercise Centralised vs. Decentralised Sharīah Governance System

15:30 – 15:50
Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshops for Regulatory and Supervisory Authorities for the Islamic Capital Market and Takaful Sectors
2013-03-11 09:50 - 2013-03-13 16:00 | Sasana Kijang, Kuala Lumpur, Malaysia, Kuala Lumpur, Malaysia
These Workshops will address the following IFSB Standards and Guidance Principles: • IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes • IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisation and Real Estate Investment • IFSB-8: Guiding Principles on Governance for Takāful (Islamic Insurance) Undertakings • IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services • IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services • IFSB-11: Standard on Solvency Requirements for Takāful (Islamic Insurance) Undertakings Participation in these Workshops are by INVITATION only. For more information on these Workshops, please email to Mrs. Azizakhon Yarlaeva at aziza@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
11/03/2013
09:50 – 16:00
Islamic Capital Markets: Sessions 1 – 3 SESSION 1: Introduction to Islamic Capital Market (Concept of Islamic Finance, Products of Islamic Capital Market, Issues in Islamic Capital Market) SESSION 2: IFSB – 7: Prudential Issues in Sukūk Instruments (Sukūk Structures, Collateral Security Structures, Risks in a Securitization Structures, Operational Requirements Pertaining to Sukūk and Securitizations) SESSION 3: IFSB – 7: Prudential Issues in Sukūk Instruments Credit Risk Mitigation for Securitization Exposures Credit Enhancement for Sharī’ah Compliant Securitization Case Studies

09:50 – 16:00
Takâful: Sessions 1 – 3 SESSION 1: Introduction to Islamic Finance and Takāful Concept and Contracts in Islamic Finance Takāful Models Prudential Issues in Takāful SESSION 2: Guiding Principles on Governance for Takāful (Islamic Insurance) Undertakings Reinforcement of Relevant Good Governance Practices Independence and Integrity of Governance Organs Appropriate Code of Ethics and Conduct Protection of Rights and Interests of Takāful Participants Appropriate Disclosures to Material and Relevant Information SESSION 3: Standard on Solvency Requirements for Takāful (Islamic Insurance) Undertakings Specificities of Solvency Requirements for Takāful Solvency Control Levels Criteria for Assessing the Quality and Suitability of Solvency Resources in the Takāful and Shareholders’ Funds Risk Management Framework

Day 2
12/03/2013
&NBSP;DAY2

09:30 – 16:00
Islamic Capital Markets: Sessions 4 – 6 SESSION 4: IFSB – 6: Governance for Islamic Collective Investment Schemes Definition of ICIS General Governance Approach of ICIS Transparency and Disclosure SESSION 5: IFSB – 6: Governance for Islamic Collective Investment Schemes Cont’d Compliance with Sharī’ah Rules and Principles Additional Protection for ICIS Investors Case Studies SESSION 6: Countries Experiences Sharing session

09:30 – 11:00
Takâful: Sessions 4 – 6 SESSION 4: Case Studies IFSB – 8: Guiding Principles on Governance for Takâful (Islamic Insurance) Undertakings IFSB – 11: Standard on Solvency Requirements for Takâful (Islamic Insurance) Undertakings SESSION 5: Guidance Note on the Recognition of Ratings by external Credit Assessment Institutions (ECAIS) on Takâful and ReTakâful Undertakings Legal and Corporate Structure Underwriting Surpluses and Capital Levels Analytic Considerations which Refer in Particular to ReTakāful SESSION 6: Risk Management and Other Prudential Issues in Takāfu Country Experience Sharing Session

Day 3
13/03/2013
09:30 – 16:00
Islamic Capital Markets & Takâful: Sessions 7 – 9 SESSION 7: IFSB – 9: Conduct of Business Islamic Perspective on Conduct of Business Conduct of Business and Financial Stability IFSB Recommendations on Conduct of Business Case Studies SESSION 8: IFSB – 10: Sharī’ah Governance System General Governance Approach to Sharī’ah Governance System Requirements on Sharī’ah Governance System SESSION 9:IFSB – 10: Sharī’ah Governance System Case Studies

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Agenda – Takaful

IFSB-FIS Regional Workshops on Liquidity Risk Management and Stress Testing Standards
2013-03-25 09:00 - 2013-03-27 16:30 | Grand Dorsett Labuan, labuan, Malaysia
The Workshops are hosted by Labuan Financial Services Authority (LFSA) Participation is BY INVITATION only. For more information on the Workshops, please email Mrs. Azizakhon Yarlaeva at aziza@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
25/03/2013
09:00 – 09:30
Registration

09:30 – 09:50
Opening Session: Opening Remarks by the IFSB

09:50 – 11:15
Session 1: Overview of the IFSB Guiding Principle on Risk Management for the IIFS Islamic Finance: Concept and Contracts and Risks Implication for IIFS Overview of Prudential Issues in IIFS IFSB key Risk Categorie

11:15 – 11:30
Coffee Break

11:30 – 13:00
Session 2: Guiding Principles on Liquidity Risk Management for IIFS Funding and Market Liquidity Risk Necessary Conditions for an Effective Liquidity Risk Management in IFSI Governance Structure: Role of the Board of Directors and Senior Management Identification of Liquidity Risk Case Study / Group Discussion

13:00 – 14:00
Lunch and Prayers

14:00 – 15:30
Session 3: Guiding Principles on Liquidity Risk Management for IIFS Interactions of Liquidity Risk and Implications of Islamic Financing Contracts Measurement of Liquidity Risk Diversification of the Funding Base Consolidated Management of Liquidity Risk Case Study / Group Discussion

15:30 – 15:45
Coffee Break

15:45 – 16:30
Session 4: Guiding Principles on Liquidity Risk Management for IIFS Maintaining High – Quality Liquidity Buffer Preparing a Contingency Funding Plan Managing Sharī`ah – Compliant Collateral Case Study / Group Discussion

Day 2
26/03/2013
09:30 – 11:15
Session 5: Guiding Principles on Liquidity Risk Management for IIFS Collaboration Between IIFS Meeting Payment and Settlement System Obligations Foreign Exchange Liquidity Risk Reporting and Disclosure of Liquidity Risk Case Study/ Group Discussion

11:15 – 11:30
Coffee Break

11:30 – 13:00
Session 6: Guiding Principles Liquidity Risk Management for Supervisory Authorities Responsibility for Supervision of Liquidity Risk & Need for Supervisory Regulations Supervisors Role as Provider of Liquidity Support Supervision of Liquidity Risk at Consolidated Level Home – Host and Cross – Sector Supervision of Liquidity Risk Supervisors Role in Contingency Planning & Development of Infrastructure Case Study / Group Discussion

13:00 – 14:00
Lunch and Prayers

14:00 – 15:00
Session 7: Launching of the IFSB Survey Findings on Sharī`ah – Compliant Lender of Last Resort (SLOLR)

15:00 – 15:15
Coffee Break

15:15 – 16:30
Session 8: Understanding Stress Testing for Financial Institutions Stress testing as a risk Management tool Stress Testing and Global financial crisis International Guidance on Stress Testing and Gap Analysis IFSB Comprehensive Stress Testing Framework for IIFS Governance Aspects of the Stress Testing Framework Identification of Risk Factors and Coverage of Scenarios

Day 3
27/03/2013
09:30 – 11:15
Session 9: Guiding Principles on Stress Testing for IIFS (Cont’d) Specific Elements of IIFS in Stress Testing Stress Testing Methodologies Frequency of Stress Testing Outputs of Stress Testing and Remedial Actions Disclosure of the Stress Testing Programme Case Study on Liquidity Risk Stress Testing Group Exercise

11:15 – 11:30
Coffee Break

11:30 – 13:00
Session 10: Stress Testing Solvency Simulation Exercises: How to conduct Micro level (or IIFS level) Stress Testing Capital Requirements Stress Testing Credit risk and market risk related Stress Testing Sharī`ah Non- Compliance Stress Testing

13:00 – 14:00
Lunch and Prayers

14:00 – 15:30
Session 11: Stress Testing Solvency Simulation Exercises (Cont d): How to conduct Micro level (or IIFS level) Stress Testing Capital Requirements Stress Testing Credit risk and market risk related Stress Testing Sharī`ah Non- Compliance Stress Testing

15:30 – 16:45
Coffee Break

15:45 – 16:00
Session 12: Guiding Principles on Stress Testing for Supervisory Authorities Regular and Comprehensive Assessments of IIFS Stress Testing Supervisory Evaluation of an IIFSs Stress Testing Methodology Designing and Implementing System-Wide Stress Tests and Frequencies Corrective Actions & Regular Supervisory Dialogue with IIFS and the Industry Cross-border Issues and Home-Host Coordination Stress Testing Reporting Disclosures and Format

16:30 – 17:00
Closing Ceremony

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB Annual Meetings 2013: 22nd Meeting of the Council, 11th General Assembly of the Islamic Financial Services Board & Other Events
2013-04-06 08:30 - 2013-04-07 22:00 | –, Bali, Indonesia
The Annual Meetings 2013 are hosted by Qatar Central Bank. Invitation letters have been sent to all members. Please submit your registration forms to Ms. Ismawaty at ismawaty@ifsb.org / ifsb_sec@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
06/04/2013
EVENT 1 : IFSB-IRTI ROUNDTABLE ON THE MID-TERM REVIEW OF THE ISLAMIC FINANCIAL SERVICES INDUSTRY DEVELOPMENT: TEN-YEAR FRAMEWORK AND STRATEGIES

EVENT 2 : IFSB MEET-THE-MEMBERS SESSION

08:30 – 09:00
EVENT 1 : IFSB-IRTI ROUNDTABLE ON THE MID-TERM REVIEW OF THE ISLAMIC FINANCIAL SERVICES INDUSTRY DEVELOPMENT: TEN-YEAR FRAMEWORK AND STRATEGIES Registration

09:00 – 09:15
Opening and Welcoming Address

09:15 – 09:45
Session 1: The Ten-Year Framework and Strategies and Their Relevance in Light of The Current Financial Climate Overview of the Ten-Year Framework and Strategies: Status and assumptions Progress of the implementation of the Ten-Year Framework and Strategies Development in the global financial system post-crisis and the impact on the Ten-Year Framework and Strategies The relevance of the Ten-Year Framework and Strategies post-crisis: New challenges and priorities for the IFSI

09:45 – 09:45
Discussion

10:15 – 10:30
Coffee Break

10:30 – 11:00
Session 2: National Level Strategic Plans for The Promotion and Development of Islamic Finance Post-Crisis in the Following Regions: (a) Developed jurisdictions in Asia and the Middle East (b) Developing jurisdictions in Europe (c) New entrance in A Country Experience Specific and Common Issues Faced by the Regions Challenges in Terms of Islamic Financial Architecture and Infrastructure and Institutions

11:00 – 11:30
Discussion

11:30 – 12:15
Session 3: Islamic Financial Architecture and Infrastructure Development: Review of The Broad Strategies and Initiatives Identified in The 10-Year Framework Islamic financial architecture and infrastructure development for Islamic banks, non-banking financial institutions, Islamic capital markets and Takaful: Progress of strategies and initiatives, and issues and challenges Outlook and new challenges facing the IFSI in terms of financial architecture and infrastructure requirements Policies and enabling environment for the IFSI Proposed priorities and recommendations for financial architecture and infrastructure development in light of the changing landscape in the global financial system

12:15 – 12:45
Discussion

12:45 – 14:15
EVENT 2: Meet the Members Lunch (For IFSB Members Only) Arrival of Guests Opening Session-Welcoming remarks Interactive Session-Presentation & Q&A Session Luncheon

14:15 – 15:00
Session 4: Institutional Development: Review of The Current Broad Strategies and Initiatives Identified in The 10-Year Framework Institutional development for Islamic banks, non-banking financial institutions, Islamic capital markets and Takaful: Progress of strategies and initiatives, and issues and challenges Outlook and new challenges facing the IFSI in terms of institutional development Proposed priorities and recommendations for institutional development in light of the changing landscape in the global financial system

15:00 – 15:30
Discussion

15:30 – 16:15
Session 5: Implementation of the Ten-Year Framework and Strategies: The Way Forward Formulating and implementing new strategies and initiatives to achieve the objective of the Ten-Year Framework and Strategies Proposed revision of the Ten-Year Framework and Strategies Resolutions and recommendations for the Ten-Year Framework and Strategies

16:15 – 17:00
Discussion, resolutions and recommendations

17:00 – 17:15
Coffee Break End of Roundtable

20:00 – 22:00
Welcome Dinner

Day 2
07/04/2013
22ND COUNCIL MEETING, GENERAL ASSEMBLY AND SIDE EVENT

09:30 – 12:40
22nd meeting of the Council of the IFSB (For Council Members Only)

12:45 – 13:15
11th General Assembly (For IFSB Members Only)

14:30 – 16:00
7th Islamic Financial Stability Forum (For IFSB Council Members, Regulatory Authorities and International Organisation) END OF EVENT

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

7th Islamic Financial Stability Forum : Financial Reforms in Response to the Global Crisis: Lessons for Islamic Finance in Ensuring Financial Stability
2013-04-07 14:30 - 16:00 | Qatar, Qatar
The IFSB organised its 7th Islamic Financial Stability Forum (7th IFSF) on 7 April 2013, in Qatar.

The 7th IFSF was held in conjunction with the 22nd Council Meeting of the IFSB, hosted by Qatar Central Bank.

Programme – Event Session(s)

Date
Time
Topics

Day 1
07/04/2013
14:30 – 14:40
Chairman’s Remarks H.E. Abdullah Saud Al-Thani, Governor, Central Bank of Qatar, and Chairman, Council of the IFSB

14:40 – 15:40
Financial Reforms in Response to the Global Financial Crisis: Lessons for Islamic Finance in Ensuring Financial Stability Performance of the financial services industry post crisis Financial regulatory and supervisory reform: Policies and institutions, implementation and progress to date Integrating Islamic finance into the existing financial architecture Strengtheningthe stability and resilience of the Islamic financial services industry moving forward: Strategies and challenges in implementation Speaker: H.E. Dr. Zeti Akhtar Aziz, Governor, Bank Negara Malaysia Discussant 1. H.E. Dr. Atiur Rahman, Governor, Bangladesh Bank 2. H.E. Yaseen Anwar, Governor, State Bank of Pakistan

15:40 – 16:00
Coffee and Networking Break End of Forum

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

4th Islamic Financial Services Forum: The European Challenge
2013-04-09 09:00 - 17:20 | Banca d’Italia, via Nazionale 91, rome, Italy
The fourth edition of the Forum series was organised in response to the increasing interest shown by European countries in Islamic financial services which is tailored for European regulators and market players to discuss on issues and challenges that Europe may face in exploring the opportunities and developing its’ Islamic financial services industry. 13 chairpersons and speakers who were senior financial sector supervisors, market players, and experts from international financial institutions were invited to discuss the following four issues at the Forum:

Overview of the Islamic Financial Landscape: Globally and in Europe
Assessing the Legal, Regulatory and Institutional Challenges in Light of Developments in Europe
Sukūk in Europe: Response to a Changing Financial Environment
Panel Discussion on Islamic Finance in Europe: Challenges and Opportunities in the Current Financial Climate The Forum saw the attendance of approximately 85 participants from government, regulatory and supervisory bodies, capital markets and industry players as well as academicians. The Forum was hosted by Banca d’Italia.

Event Snapshots

Programme – Event Session(s)

Date
Time
Topics

Day 1
09/04/2013
09:00 – 09:30
Registration

09:30 – 10:15
Opening and Keynote Session

10:15 – 11:30
Session 1: Overview of the Islamic Financial Landscape: Globally and in Europe This session explicates the growth and trend of the global Islamic financial services industry, particularly in Europe, its growth drivers, as well as prospects and challenges facing the industry post-crisis.

11:30 – 11:45
Coffee Break

11:45 – 13:00
Session 2: Assessing the Legal, Regulatory and Institutional Challenges in Light of Developments in Europe The introduction of further regulatory and supervisory reforms post-crisis to promote financial stability in Europe is expected to pose new challenges to the development of the Islamic financial services industry in the region. This session aims to identify the challenges, particularly in the legal, regulatory and institutional areas, and proposed measures that will enable Islamic financial services to be offered in the Euro area.

13:00 – 14:00
Lunch

14:00 – 15:15
Session 3: Sukūk in Europe: Response to a Changing Financial Environment The financial crisis poses challenges to the development and progress of both conventional and Islamic finance in Europe. This session aims to explore the role of Sukūk with reference to their possible value addition and the financial stability and supervisory issues involved.

15:15 – 15:30
Coffee Break

15:30 – 17:00
Session 4: Panel Discussion on Islamic Finance in Europe: Challenges and Opportunities in the Current Financial Climate The session proposes to identify the current challenges and opportunities presented by Islamic Finance for the European nations from various viewpoints.

17:00 – 17:20
Concluding Remarks

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Brochure

3.)

Hotel Reservation Form – Grand Hotel de la Minerve

4.)

Hotel Reservation Form – Jumeirah Hotel

5.)

Hotel Reservation Form – Quirinale Hotel

6.)

Hotel Reservation Form – St. Regis Hotel

7.)

List of Hotels in Rome

IFSB - INCEIF Executive Forum on Islamic Finance: Building Risk Management Infrastructures in Islamic Financial Institutions
2013-04-29 08:30 - 2013-04-30 17:30 | Training Room 2.1 & 2.2, Sasana Kijang, kuala lumpur, Malaysia
The Executive Forum aims to provide a platform for global leaders in Islamic finance to discuss selected emerging issues faced by the global Islamic financial services industry, with special emphasis on issues related to the supervisory and prudential regulation, both at national and international levels. The Executive Forum will harness the experiences of a distinguished pool of global experts, regulators, supervisors, academics and industry practitioners.

Programme – Event Session(s)

Date
Time
Topics

Day 1
29/04/2013
EXECUTIVE FORUM: DAY 1

08:30 – 09:30
Morning Coffee and Registration

09:30 – 09:45
Opening and Welcoming Remarks

09:45 – 11:00
Firm-Wide Risk Management Framework for Islamic Banks Why Risk Management Approaches in Islamic Banks Should Differ from the Conventional Approaches Firm-Wide Risk Management: Solutions for a Holistic Approach in Managing Risks in Islamic Banking Operations Role of Corporate Governance in Islamic Banking Risk Management: How We Can Learn from International Best Practices Social Responsibility and Fiduciary Risk Management: Key for Sustainable Islamic Banking Business

11:00 – 11:30
Coffee Break

11:30 – 13:00
Credit Risk Minimisation in Islamic Banking Practices How Global Financial Regulatory Regimes on Credit Risk are Applicable to Islamic Banking Operations Finding Ways to Manage Specificities of Islamic Finance Related to Credit Risk in the Islamic Banking Business Lessons Learnt from Previous Default Cases in Islamic Banking Portfolios Imminent Challenges in Credit Risk Management

13:00 – 14:00
Group Photo, Lunch and Prayers

14:00 – 15:30
Resolving Issues in Liquidity Management in Islamic Banks Challenges in Liquidity Risk Management in Islamic Banks Development of Instruments for Liquidity Management: How Advanced Are We? Developing Effective Liquidity Management Policies Sharī`ah-Compliant Lender of the Last Resort (LOLR) Facilities: Are they Adequate?

15:30 – 16:00
Coffee Break

16:00 – 17:30
Risk-Sharing via Equity Financing: Enhancing Potentials and Confronting Issues Exploring Business Opportunities for Equity Investment and Equity Financing How to Apply Risk-Sharing Equity Investment and Financing in Islamic Banking Operations Mitigating Risks in Equity Investment and Financing Regulatory and Commercial Issues in Financing Risk-Sharing Initiative

Day 2
30/04/2013
EXECUTIVE FORUM: DAY 2

08:30 – 09:30
Morning Coffee

09:30 – 11:00
A Holistic Approach in Managing Sharī`ah Non – Compliance Risks Sharī`ah Non-Compliant Risks and Potential Impacts on Islamic Banks How to Measure Sharī`ah Non-Compliant Risks Developing Risk Mitigating Techniques and Infrastructures for Sharī`ah Non-Compliant Risks Necessary Conditions for Effective Sharī`ah Non-Compliant Risk Management

11:00 – 11:30
Coffee Break

11:30 – 13:00
Regulating Minimum Capital Requirements to Foster Stability of the Islamic Banking Industry Impact of the Changes in Global Regulatory Capital Regimes, including Basel III, on Islamic Banks Recognising the Specificities of Islamic Banks in Capital Adequacy Requirements Examining Current Practices in the Structure of Capital Adequacy Ratio (CAR) of Islamic Banking in Various IFSB Member Countries Challenges in the Implementation of IFSB-2: Capital Adequacy Requirements for Institutions offering Islamic Financial Services

13:00 – 14:00
Lunch and Prayers

14:00 – 15:30
Supervisory Perspectives on Risk and Governance Prudential Risks in Islamic Banking and Takāful – How do these Differ from Conventional Banking? Governance, Remuneration and Conflicts of Interest Pragmatism and Practicality Enforceability, Market Conduct and Affinity Fraud

15:30 – 16:00
Coffee Break

16:00 – 17:30
Risk-based Supervision in Islamic Banking Rationale for Risk-Based Supervision How the Specificities of Islamic Banking Businesses are Incorporated in Risk-Based Supervision Rules and Regulations on Risk-Based Supervision: International and Country Perspectives Overcoming Challenges in Risk-Based Supervision in Islamic Banks

17:30 – 18:00
Closing Ceremony & Certificate Presentation

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Brochure

10th IFSB Summit
2013-05-16 - 2013-05-17 | Kuala Lumpur, Kuala Lumpur, Malaysia, Malaysia
The IFSB celebrates it’s 10th Anniversary during the 10th IFSB Annual Summit 16 – 17 May 2013 | Kuala Lumpur, Malaysia
10th IFSB Summit Opening Video

IFSB 10th Anniversary Video

Anniversary Messages from Global Financial Leaders

10th Islamic Financial Services Board Summit - The Future of the Islamic Financial Services Industry: Resilience, Stability and Inclusive Growth
2013-05-16 12:00 - 2013-05-17 17:00 | Sasana Kijang, kuala lumpur, Malaysia
The 10th Islamic Financial Services Board Summit 2013 was held in Sasana Kijang, Kuala Lumpur, Malaysia, hosted by Bank Negara Malaysia. The theme of the Summit “The Future of the Islamic Financial Services Industry: Resilience, Stability and Inclusive Growth”, aimed to examine regulatory policies that underpin inclusive growth with stability. These include the potentially significant impact on the (IFSI) arising from further reforms at the global level by international intergovernmental organisations and international standard-setting bodies to promote global financial stability. As the global industry enters its next phase of growth in an increasingly challenging economic and financial environment, this necessitates the need to reflect on the lessons learnt, including from the global crisis, and to have in place a comprehensive regulatory framework to ensure a resilient and stable industry moving forward, in particular given the escalating cross-sectoral nature and interconnectedness of the industry.

18 chairmen and speakers who were Governors and deputy governors as well as senior financial sector supervisors and experts from international financial institutions participated as speakers. The Summit was attended by over 300 delegates from 35 countries comprising of senior officials from supervisory and regulatory bodies as well as representatives from international institutions, market players, accreditation, insurance and Takāful, academia as well as other stakeholders of the Islamic financial services industry.

The Summit was preceded by 2-day pre-Summit events as follows:
14 May 2013

IFSB Meet the Members Lunch & Release of the Islamic Financial Services Industry Stability Report 2013
IFSB-IRTI Forum on Mid-term Review of the “Islamic Financial Services Industry Development: Ten Year Framework and Strategies”

15 May 2013

Islamic Finance Development Showcase: The Role of Multilaterals in Developing the Industry by the Islamic Corporation for the Insurance of Investment & Export Credit (ICIEC) & Istanbul Stock Exchange (ISE)
Business Talk on Ethical Investing: Future Outlook and Opportunities – by the Malaysia International Islamic Financial Centre (MIFC)
Knowledge Sharing Partner Session: Facets of Islamic Finance: Stability, Resilience and Financial Inclusion by International Centre for Education in Islamic Finance (INCEIF).

IFSB 10th Anniversary Dinner, 16 May 2013
In conjunction IFSB’s 10th Anniversary, an Anniversary Dinner was organised to commemorate the milestones and achievements of the IFSB over this decade, as well as to accord a tribute to the IFSB members and industry stakeholders for the support and cooperation to the organisation. In addition to the commemoration was to honour the Founding Members of the organisation in 2002.

Four (4) out of the total nine (9) Founding Members attending the Summit were:

H.E. Dr. Zeti Akhtar Aziz, Governor, Bank Negara Malaysia
H.E. Dr. Ahmad Mohamad Ali Al-Madani, President, Islamic Development Bank
H.E. Dr. Ishrat Hussain, Former Governor, State Bank of Pakistan
H.E. Dr. Sabir Hassan, Former Governor, Central Bank of Sudan

Event Snapshots

Programme – Event Session(s)

Date
Time
Topics

Day 1
14/05/2013
PRE-SUMMIT EVENTS – DAY 1

12:00 – 14:00
IFSB – Meet the Members Lunch (Only for IFSB Members) 11:30 – 12:00 Registration 12:00 – 12:20 Welcoming Remarks 12:10 – 13:10 Interactive & Q&A Session 13:10 – 14:00 Lunch

14:00 – 17:00
IFSB-IRTI Forum on Mid term Review of the “Islamic Financial Services Industry Development : Ten Year Framework and Strategies”

Day 2
15/05/2013
PRE-SUMMIT EVENTS – DAY 2

09:00 – 11:30
Country Showcase – 1

11:00 – 13:30
Business Talk by MIFC

13:00 – 19:00
Summit Pre-Registration

14:00 – 17:00
Knowledge Sharing Partner Session by INCEIF 14:00 – 14:30 Registration 14:30 – 14:40 Welcoming Remarks 14:40 – 15:40 Panel Discussion 15:40 – 16:30 Q&A Session

20:00 – 22:00
Summit Welcome Reception (hosted by Bank Negara Malaysia) (for Summit Registered Participants Only)

Day 3
16/05/2013
10TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT – DAY 1

08:30 – 09:30
Registration

09:30 – 10:30
Opening and Keynote Session

10:30 – 11:00
Coffee Break & Networking

11:00 – 12:30
Session 1 : Financial Regulatory Reforms: Global Overview This session aims to highlight the reform initiatives undertaken at international level to promote financial stability and their impact on the Islamic financial services industry (IFSI). In the context of the medium-term outlook for the global economy, the session will assess the implications of global regulatory reforms which will impact the capital buffers and liquidity positions of financial institutions. The implementation of Basel III requirements poses both challenges and opportunities for Islamic financial institutions, which will have to devote significant efforts and resources to meet the new international standards.

12:30 – 14:00
Lunch

14:00 – 15:30
Session 2 : Cross-sectoral Approach to the Regulation of Islamic Finance and Market Development: Lessons Learnt This session aims to identify measures to be undertaken in light of the interconnectedness of Islamic financial institution and market segments. The expansion of Takāful and capital market segments in Islamic finance underscores the cross-sectoral nature of the activities of institutions in the IFSI, and the common features of their banking, securities (fund management) and Takāful operations. This session will evaluate the state of progress in the corresponding development of the cross-sectoral regulatory and prudential framework. The work of various international standard-setters in the preparation of core principles for prudential regulation and supervision will be examined in the context of understanding the lessons that can be learnt from them.

15:30 – 16:00
Coffee Break & Networking

16:00 – 17:30
Session 3 : New Markets, New Frontiers – Prospects and Challenges This session aims to identify the progress of development in growth areas for Islamic finance, as well as the prospects and challenges. As Islamic finance expands into new markets and across new frontiers in Africa, Asia, and the Middle East the prospects for broadening and sustaining private sector financing whilst responding to the needs of a diverse range of customers and consumers is raising significant challenge, as well as opportunities. The challenges include, but are not limited to, legal, regulatory, tax and other impediments. Addressing these impediments are also a focus in Europe where the expansion of the industry in the United Kingdom and Luxembourg has been followed by detailed preparation of enabling pre-conditions in other countries including France, Ireland and Italy.

20:00 – 22:00
IFSB 10th Anniversary Dinner

Day 4
17/05/2013
10TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT – DAY 2

09:00 – 10:30
Session 4 : Islamic Finance: Innovation and Inclusive Growth This session aims to enhance the industry’s understanding of appropriate innovation measures and policies for more inclusive growth by focusing on emerging issues. Islamic finance is increasingly being used to finance public physical and social infrastructure for long term growth in the Middle East and Asia. Can it also emerge as a powerful tool for broad-based inclusive growth and for the improvement of the conditions of the poor? Such growth can be achieved through innovations in financing instruments, asset creation and supporting financial infrastructure including the framework for prudential regulation and supervision.

10:30 – 11:00
Coffee Break & Networking

11:00 – 12:30
Session 5 : Panel Discussion on Lessons Drawn: Prospects for the Future This session intends to examine the prospects for Islamic finance in an age of rapid global economic change and regulatory reforms.

12:30 – 14:00
Lunch

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Grand Hyatt Kuala Lumpur – Hotel Reservation Form

3.)

Hilton Kuala Lumpur – Hotel Reservation Form

4.)

Lanai Kijang – Hotel Reservation Form

5.)

Mandarin Oriental – Hotel Reservation Form

6.)

Map to Sasana Kijang
