14th IFSB Summit
2019-11-12 - 2019-11-14 | Balai Sidang Jakarta Convention Center, Jl. Gatot Subroto No.1, RT.1/RW.3, Gelora, Kecamatan Tanah Abang, Jakarta, Indonesia
The IFSB Summit 2019 was held on 12 to 14 November 2019 at the Balai Sidang Jakarta Convention Center, Jakarta, Indonesia hosted by Bank Indonesia
Speeches

26 November 2019
Opening Message by YAB Tun Dr Mahathir bin Mohamad Prime Minister of Malaysia
26 November 2019
Keynote Speech by H.E. Dr. Zeti Akhtar Aziz, Former Governor, Bank Negara Malaysia at the 14th IFSB Summit 2019 – Islamic Finance for Sustainable Development in the Era of Technological Innovations
26 November 2019
Opening Remarks by the Secretary-General of the IFSB at the 14th IFSB Summit 2019 – Islamic Finance for Sustainable Development in the Era of Technological Innovations
26 November 2019
The IFSB Secretary-General’s Welcome Address at the First Innovation Forum: Revitalising Creativity and Sustaining Competitive Value

14th IFSB Summit 2019 Press Releases
18 November 2019
Global Cooperation is The Way Forward for the Sustainable Islamic Finance Development
[ ENGLISH ]

18 November 2019
Technological Innovation for the Sustainable Islamic Finance Development – Panellists Foresee the Promising Islamic Finance in Creating the Environmental and Social Impacts through the Technological Innovation During Day 1 of the IFSB Summit 2019
[ ENGLISH ]

13 November 2019
Bank Indonesia’s Governor Opens the IFSB Summit
[ ENGLISH ]

13 November 2019 (Also available in Arabic)
The 1st IFSB Innovation Forum: Revitalising Creativity and Sustaining Competitive Value
[ ENGLISH | ARABIC ]

31 October 2019 (Also available in Arabic)
The IFSB Organises Workshop on Capacity Building for Market Players (CBM) in Indonesia In Conjunction with the 14th IFSB Summit 2019
[ ENGLISH | ARABIC ]

22 October 2019 (Also available in Arabic)
The IFSB Announces Confirmed World-Class Chairpersons and Speakers for the 14th IFSB Summit 2019
[ ENGLISH | ARABIC ]

30 September 2019 (Also available in Arabic)
The 1st IFSB Innovation Forum: Revitalising Creativity and Sustaining Competitive Value
[ ENGLISH | ARABIC ]

30 May 2019 (Also available in Arabic)
The IFSB Global Summit to Discuss Islamic Finance for Sustainable Development in the Era of Technological Innovations
[ ENGLISH | ARABIC ]

2nd Meeting of the Executive Committee
2019-11-12 09:00 - 12:35 UTC | Jade Room, 2nd Floor, Fairmont Hotel Jakarta, Jl. Asia Afrika No.8, Senayan, Kecamatan Tanah Abang, Kota Jakarta Pusat, Jakarta, Indonesia
The 2nd Meeting of the Executive Committee of the IFSB is scheduled to be held as follows:

Date : 12 November 2019

Time : 9.00 am to 12.35 pm

Venue : Jade Room, 2nd Floor, Fairmont Hotel Jakarta, JI. Asia Afrika No.8, Jakarta Pusat, DKI Jakarta, Indonesia

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

Capacity Building for Market Players (CBM) Workshop (Jakarta, Republic of Indonesia)
2019-11-14 - 2019-11-15 | Jakarta Convention Centre, Jl. Gatot Subroto No.1, RT.1/RW.3, Gelora, Kecamatan Tanah Abang, Kota Jakarta Pusat, Jakarta, Indonesia
About the Workshop
This 2-days Capacity Building for Market Players (CBM) Workshop is tailored for Bank Indonesia will discuss the following IFSB Standards:

GN-6 : Guidance Note on Quantitative Measures for Liquidity Risk Management
IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS

As a background, GN-6: Quantitative Measures for Liquidity Risk Management Guidance Note complements IFSB-12, and supports the harmonised application of the international regulatory regime in the area of liquidity risk management. This is achieved by providing guidance on the application of global liquidity standards for the IIFS, especially the Liquidity Coverage ratio (LCR) and Net Stable Funding Ratio (NSFR) at the current stage, with suitable adjustments based on the specific operational characteristics. Moreover, it provides guidance to supervisory authorities on the application of the LCR and NSFR in their jurisdictions, including application of the alternative liquidity approaches (ALA).

IFSB-10: Guiding Principles on Sharī`ah Governance Systems includes the components of a sound Sharī`ah governance system especially with regards to the competence, independence, confidentiality and consistency of the Sharī`ah boards.

Overall, this Workshop aims to:

Enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;
Assist the participants in the practical application of issues addressed in the particular standards through case studies, hands-on exercises and other interactive tools; and
Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles.

Public Hearing for ED-23 : Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services (Banking Segment)
2019-11-15 | Kakatua Room, Jakarta Convention Centre, Jl. Gatot Subroto No.1, RT.1/RW.3, Gelora, Kecamatan Tanah Abang, Kota Jakarta Pusat, Jakarta, Indonesia
In its 49th meeting held on 23 and 24 October 2019 in Kuala Lumpur, Malaysia, the Technical Committee of the Islamic Financial Services Board (IFSB) approved the issuance of the following Exposure Draft (ED):

Revised Capital Adequacy Standard (RCAS) for Institutions Offering Islamic Financial Services (Banking Segment)

The Public Consultation will be for a period of 2 months, starting from 4 November 2019 until 2 January 2020

In conjunction to the above, the IFSB will be organising a Public Hearing for ED-23 on 15 November 2019 in Jakarta hosted by Bank Indonesia. Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme.

Deadline for online registration is on 14 November 2019.

IFSB-FIS Workshop Series (Abu Dhabi)
2019-11-24 - 2019-11-27
About the Workshop
This 4-day Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for the regulatory and supervisory authorities for the banking sector. It will be hosted by the Arab Monetary Fund (AMF) and will discuss the following IFSB Standards:

IFSB-1:Guiding Principles of Risk Management for IIFS
IFSB-15:Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services (IIFS)
IFSB-10:Guiding Principles on Sharī`ah Governance Systems for IIFS
IFSB-22:Revised Standard on Disclosures to Promote Transparency and Market Discipline for IIFS
ED-07:Guidance Note on Sharī`ah Compliant Lender of Last Resort Facilities
WP-06:Strengthening the Financial Safety Net: The Role of Sharī`ah-compliant Lender-of Last-Resort (SLOLR) Facilities as an Emergency Financing Mechanism

As a background, IFSB-1: Guiding Principles of Risk Management provides a set of guidelines of best practices for establishing and implementing effective risk management in IIFS. In particular, the Standard sets out 15 principles for managing the risks inherent in Sharī`ah-compliant financial businesses.

IFSB-15: Revised Capital Adequacy Standard, for its part, includes implementation of an optimal capital adequacy framework to facilitate the effective coverage of risk exposures of the IIFS as well as the allocation of appropriate capital to cover these risks in a manner that is based predominantly on the Standardised Approach. This Standard also provides guidance on the features and criteria for high-quality regulatory capital components, including Additional Tier 1 and Tier 2, which comply with Sharī`ah rules and principles.

IFSB-22: on Disclosures to Promote Transparency and Market Discipline for IIFS, for its part, considers disclosure-aspects relevant to consumer protection and sets key point-of-sale disclosure requirements. The disclosure principles and practices suggested by this Standard widen the scope of IFSB-4 and are designed to enable market participants and IAH to assess several key information. This information include, among others the type of IIFS, capital structure, treatment of investment accounts, including their risks and returns, risk exposures, key aspects of general governance and Sharī`ah governance, consumer protection and others.

In addition, the workshop will shed light on the IFSB Working Papers on ‘Strengthening the Financial Safety Net: The Role and Mechanisms of SCDIS’ (WP-06) and the Expousre Draft on Guidance Note on Sharī`ah Compliant Lender of Last Resort Facilities (GN-7).

Overall, this Workshop intends to be a Train the Trainer programme for the staff of regulatory and supervisory authorities on the IFSB Standards, and aims to:

1. Enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;
2. Assist the participants in the practical application of issues addressed in the particular standards through case studies, hands-on exercises and other interactive tools; and
3. Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles.

IFSB-FIS Workshop Series (Riyadh)
2019-12-02 - 2019-12-05 | Riyadh, Saudi Arabia, Riyadh, Riyadh, Saudi Arabia
About the Workshop

This 4-day Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for the regulatory and supervisory authorities for the banking sector.

IFSB-1:Guiding Principles of Risk Management for Institutions offering only Islamic Financial Services (IIFS)
IFSB-17:Core Principles for Islamic Finance Regulation (Banking Segment)
IFSB-16:Revised Guidance on Key Elements In The Supervisory Review Process of IIFS
IFSB-15:Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services (IIFS)
GN-6:Guidance Note on Quantitative Measures for Liquidity Risk Management
GN-4:Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for IIFS
GN-3:Guidance Note on the Practice of Smoothing the Profit Payout to Investment Account Holders

As a background, IFSB-1: Guiding Principles of Risk Management provides a set of guidelines of best practices for establishing and implementing effective risk management in IIFS. In particular, the Standard sets out 15 principles for managing the risks inherent in Sharī`ah-compliant financial businesses.

The main objective of IFSB-17 is to provide a set of Core Principles – along with associated assessment methodology – for the regulation and supervision of the Islamic financial services industry (IFSI), taking into consideration the specificities of the IIFS in the banking segment, the lessons learned from the financial crisis, and complementing the existing international standards, principally the Core Principles for Effective Banking Supervision issued by the Basel Committee on Banking Supervision.

IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process offers guidance on key elements in the supervisory review process for authorities supervising IIFS taking into consideration the specificities of the IIFS, the lessons learned from the crisis, while complementing the existing international standards on the supervisory review process, in particular those of the Basel Committee on Banking Supervision (BCBS).

GN-3: Guidance Note on the Practice of Smoothing the Profit Payout to Investment Account Holders. This GN aims at identifying the causes and effects of smoothing practices including verifying how it is put into
operation by IIFS. The GN also recommends best practices in dealing with the subject, especially from the
perspective of supervisory authorities and their prudential concerns.

GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for IIFS, for its part provides a methodology to estimate the value of alpha to be used in the supervisory discretion formula in calculating the CAR of IIFS; and to demonstrate how to measure the Displaced Commercial Risk (DCR).

GN-2: Guidance Note on Commodity Murâbahah Transactions (CMT) highlight risks associated with CommodityMurābahah Transactions (CMT) and products of similar design and structure, and to assess their implications in relation to the regulatory capital requirements in institutions offering only Islamic financial services (IIFS).

IFSB-15: Revised Capital Adequacy Standard, for its part, includes implementation of an optimal capital adequacy framework to facilitate the effective coverage of risk exposures of the IIFS as well as the allocation of appropriate capital to cover these risks in a manner that is based predominantly on the Standardised Approach. This Standard also provides guidance on the features and criteria for high-quality regulatory capital components, including Additional Tier 1 and Tier 2, which comply with Sharī`ah rules and principles.

Moreover, GN-6: Quantitative Measures for Liquidity Risk Management Guidance Note complements IFSB-12, and supports the harmonised application of the international regulatory regime in the area of liquidity risk management. This is achieved by providing guidance on the application of global liquidity standards for the IIFS, especially the Liquidity Coverage ratio (LCR) and Net Stable Funding Ratio (NSFR) at the current stage, with suitable adjustments based on the specific operational characteristics.

Overall, this Workshop on IFSB Standards aims to:

Enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;
Assist the participants in the practical application of issues addressed in the particular standards through case studies, hands-on exercises and other interactive tools; and
Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles.

35th Islamic Financial Services Board (IFSB) Council Meeting and Side Events
2019-12-10 - 2019-12-11 | Le Meridien Hotel, Pointe Aux Piments, Mauritius
The 35th IFSB Council Meeting and Side Events are hosted by Bangladesh Bank.

The details of the event are as follows:

Tuesday, 10 December 2019

Presentation on Islamic Digital Wallet
Lunch hosted by AIBL
20th Islamic Financial Stability Forum
Welcome Dinner hosted by Bangladesh Bank (for IFSB members ONLY)

Thursday, 11 December 2019

35th IFSB Council Meeting (closed session and by invitation ONLY)

Participation in the 35th IFSB Council Meeting and Side Events is by invitation only. Please email your enquiries to Ms. Nissa at khairun.nissa@ifsb.org and Mrs. Ida Shafinaz at ida.shafinaz@ifsb.org

The IFSB and Bangladesh Bank look forward to welcoming members of the IFSB and Islamic finance industry stakeholders to Dhaka, Bangladesh.

Roundtable Discussion on Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services [Banking Segment]
2019-12-13 | EMR Meeting Room,Level 5, Sasana Kijang, Kuala Lumpur, 2, Jalan Dato Onn, Kuala Lumpur, Malaysia
The IFSB will be organising a Roundtable Discussion on Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services [Banking Segment] (Exposure Draft – 23) on 13 December 2019 in Kuala Lumpur, Malaysia.

The Roundtable aims to discuss and garner feedback and comments from key industry stakeholders on the ED-23 prior to its final submission to the Council.The ED-23 aims to provide the regulatory and supervisory authorities (RSAs) and market players of the Islamic banking industry guidance relating to capital adequacy requirements.

For participation enquiries, please contact the IFSB Secretariat; Mrs. Ida Shafinaz Ab. Malek at ida.shafinaz@ifsb.org.

Webinar for the Public Hearing on the ED-23 Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services (Banking Segment)
2019-12-17 | Kuala Lumpur, Kuala Lumpur, Malaysia, Malaysia
In its 49th meeting held on 23 and 24 October 2019 in Kuala Lumpur, Malaysia, the Technical Committee of the Islamic Financial Services Board (IFSB) approved the issuance of the following Exposure Draft (ED) :

Revised Capital Adequacy Standard (RCAS) for Institutions Offering Islamic Financial Services (Banking Segment)

The Public Consultation will be for a period of 2 months, starting from 4 November 2019 until 2 January 2020
In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-23 on 17 December 2019. Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme.
Register in advance for this webinar:
https://zoom.us/webinar/register/WN_X66ARIAXR5yfaxCI6lrQyQ
The confirmation email containing information about joining the webinar will be sent after registration.

29th Arabic Editing Committee Meeting
2020-01-07 09:30 - 2020-01-21 17:30 UTC | Meeting Room 1 – 2, Lanai Kijang, Bank Negara Malaysia, 2, Jalan Dato Onn, Kuala Lumpur, Malaysia
The 29th Arabic Editing Committee Meeting is scheduled to be held as follow:

Date
7 – 10 January 2020

Time
9:30am – 5:30pm

Venue
Meeting Room 1 – 2, Lanai Kijang, Bank Negara Malaysia, Kuala Lumpur, Malaysia

Date
13 – 21 January 2020

Time
9:30am – 5:30pm

Venue
IFSB Meeting Room, Sasana Kijang Bank Negara Malaysia, Kuala Lumpur, Malaysia

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

4th Meeting of the Technical Note on Recovery and Resolution Plan for Institutions offering Islamic Financial Services (IIFS)
2020-01-20 09:00 - 17:00 (Asia/Kuala_Lumpur) | Training Room 3.3 & 3.4 Sasana Kijang Bank Negara Malaysia, 2, Jalan Dato Onn, Kuala Lumpur, Malaysia
The 4th Meeting of the Technical Note on Recovery and Resolution Plan for Institutions offering Islamic Financial Services (IIFS) is scheduled to be held as follow:

Date
20 January 2020

Time
9:00am – 5:00pm

Venue
Training Room 3.3 – 3.4, Sasana Kijang Bank Negara Malaysia, Kuala Lumpur, Malaysia

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

6th Meeting of the Working Group on the Revised Capital Adequacy Standard for the Islamic Banking Sector
2020-01-21 09:30 - 17:00 (Asia/Kuala_Lumpur) | Training Room 3.3 & 3.4 Sasana Kijang Bank Negara Malaysia, 2, Jalan Dato Onn, Kuala Lumpur, Malaysia
The 6th Meeting of the Working Group on the Revised Capital Adequacy Standard for the Islamic Banking Sector is scheduled to be held as follow:

Date
21 January 2020

Time
9:30am – 5:00pm

Venue
Training Room 3.3 & 3.4, Sasana Kijang Bank Negara Malaysia, Kuala Lumpur, Malaysia

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

Event Snapshots

4th Working Group Meeting on Core Principles for Islamic Finance Regulation (Takaful Segment)
2020-02-05 09:30 - 17:00 UTC | Discussion Room, Level 4, Lanai Kijang Bank Negara Malaysia, Kuala Lumpur, 10, Perkarangan Tun Ismail, Kuala Lumpur, Malaysia
The 4th Working Group Meeting on Core Principles for Islamic Finance Regulation (Takaful Segment) is scheduled to be held as follow:

Date
5 February 2020

Time
9:30am – 5:00pm

Venue
Lanai Kijang, Bank Negara Malaysia, Kuala Lumpur, Malaysia

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

Event Snapshots

5th Working Group Meeting on The Investor Protection Islamic Capital Market
2020-03-03 14:00 - 18:00 UTC | Discussion Room, Level 4, Lanai Kijang Bank Negara Malaysia, Kuala Lumpur, 10, Perkarangan Tun Ismail, Kuala Lumpur, Malaysia
The 5th Working Group Meeting on The Investor Protection Islamic Capital Market is scheduled to be held as follow:

Date
3 March 2020

Time
2.00 PM – 6.00 PM

Venue
Discussion Room, Level 4, Lanai Kijang Bank Negara Malaysia, Kuala Lumpur

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

Event Snapshots

6th Working Group Meeting on Disclosure to Promote Transparency and Market Discipline for Takaful / Retakaful Undertaking
2020-03-04 09:30 - 17:00 (Asia/Kuala_Lumpur) | Discussion Room, Level 4, Lanai Kijang Bank Negara Malaysia, Kuala Lumpur, 10, Perkarangan Tun Ismail, Kuala Lumpur, Malaysia
The 6th Meeting of the Working Group on Disclosure to Promote Transparency and Market Discipline for Takaful / Retakaful Undertaking is scheduled to be held as follow:

Date
4 March 2020

Time
9:30am – 5:00pm

Venue
Discussion Room, Level 4, Lanai Kijang Bank Negara Malaysia, Kuala Lumpur

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

Event Snapshots

1st Working Group Meeting on Core Principles for Islamic Finance Regulation (Financial Market Infrastructures)
2020-03-17 | Online (webinar), Kuala Lumpur, Malaysia
The 1st Meeting of Working Group on Core Principles for Islamic Finance Regulation (Financial Market Infrastructures) is scheduled to held as follow :

Date
17 March 2020

Time
2.00 PM (Malaysia time)

Venue
via web conference / webinar

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

Event Snapshots

50th Meeting of the Technical Committee of the IFSB
2020-03-18 | Online (webinar), Kuala Lumpur, Malaysia
The 50th Meeting of the Technical Committee of the IFSB is scheduled to be held via web conferencing (webinar) as follows:

Date
18 March 2020

Time
2PM to 6PM (Malaysia time)

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

Webinar for the Public Hearing on ED-25 : Disclosures to Promote Transparency and Market Discipline for Takaful/Retakaful Undertakings
2020-04-20 | Kuala Lumpur, Kuala Lumpur, Malaysia, Malaysia
In its 50th meeting held on 18 March 2020, the Technical Committee of the Islamic Financial Services Board (IFSB) has approved the issuance of approved the issuance of the following Exposure Draft (ED):

Disclosures to Promote Transparency and Market Discipline for Takaful/Retakaful Undertakings (ED-25)

The Public Consultation will be for a period of 2 months, starting from 25 March 2020 until 24 May 2020.
In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-24 on 20 April 2020. Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme.
Register in advance for this webinar:
https://zoom.us/webinar/register/WN_I_O82VetSFG9i2gHmIXrNw
The confirmation email containing information about joining the webinar will be sent after registration.

Webinar for the Public Hearing on ED-24 : Guiding Principles on Investor Protection in Islamic Capital Markets
2020-04-20 | Kuala Lumpur, Kuala Lumpur, Malaysia, Malaysia
Event Detail

Category
:
Awareness Programme

Name
:
[EVE00428] Webinar for the Public Hearing on ED-24 : Guiding Principles on Investor Protection in Islamic Capital Markets

Description
:

In its 50th meeting held on 18 March 2020, the Technical Committee of the Islamic Financial Services Board (IFSB) has approved the issuance of approved the issuance of the following Exposure Draft (ED):

Guiding Principles on Investor Protection in Islamic Capital Markets (ED-24)

The Public Consultation will be for a period of 2 months, starting from 24 March 2020 until 24 May 2020.

In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-24 on 20 April 2020. Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme.

Register in advance for this webinar:

https://zoom.us/webinar/register/WN_IXcpzX2CQZGwzKfSE_pamA

The confirmation email containing information about joining the webinar will be sent after registration.

IFSB-FIS E-Workshop : Financial Inclusion and Islamic Finances From IFSB Technical Note Perspective-TN-3
2020-04-21 16:30 - 17:30 UTC | MALAYSIA, Malaysia, Malaysia, Malaysia
E-FIS-WORKSHOP

Topic: Financial inclusion and Islamic finances from IFSB’s Technical note perspective – TN-3.

Date : 21.04.2020
Time : 4:30 – 5:30 pm (Malaysia Time)
Duration : 1 hour
Audience : IFSB members only
Capacity : Limited Participants Registration

The first e-workshop to be held by IFSB in 2020 will be on 21 of April (Tuesday).

This e-workshop will cover a cross-sector topic on financial inclusion and Islamic finance from IFSB’s Technical note perspective – TN-3.

TN-3 was developed to provide guidance on good practices in regulating the financial sector to enhance financial inclusion through Islamic finance, while also considering proportionality in balancing the benefits of regulation and supervision against the risks and costs. TN-3 underscores the importance of financial inclusion, due to its intricate connection with economic growth, shared prosperity and poverty reduction, while furthering an understanding of how financial inclusion policies and regulatory initiatives can support Islamic microfinance/ savings/ investment activities.

13th Meeting of the Task Force on Prudential and Structural Islamic Financial Indicators (PSIFIs)
2020-04-22 14:30 - 18:30 (Asia/Kuala_Lumpur) | Online (webinar), Kuala Lumpur, Malaysia
The 13th Meeting of the Task Force on Prudential and Structural Islamic Financial Indicators (PSIFIs) is scheduled to be held via online (webinar) as follows:

Date
22 April 2020

Time
2:30PM – 6:30PM (Malaysian time)

Participation in the meeting is by INVITATION only. The webinar link will be provided to Task Force members via email. For more information please email to khairun.nissa@ifsb.org

Event Snapshots

3rd Meeting of the Executive Committee
2020-04-29 16:30 - 19:00 (Asia/Kuala_Lumpur) | Online (webinar), Kuala Lumpur, Malaysia
The 3rd Meeting of the Executive Committee of the IFSB is scheduled to be held via online (webinar) as follows:

Date
29 April 2020

Time
4:30PM – 7:00PM (Malaysian time)

Participation in the meeting is by invitation only. Webinar link will be provided to EC members via email. For more information please email to khairun.nissa@ifsb.org

Webinar for the Public Hearing on ED-24: Guiding Principles on Investor Protection in Islamic Capital Markets
2020-05-06 | Kuala Lumpur, Kuala Lumpur, Malaysia, Malaysia
In its 50th meeting held on 18 March 2020, the Technical Committee of the Islamic Financial Services Board (IFSB) has approved the issuance of approved the issuance of the following Exposure Draft (ED):

Guiding Principles on Investor Protection in Islamic Capital Markets (ED-24)

The Public Consultation will be for a period of 2 months, starting from 24 March 2020 until 24 May 2020.

In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-24 on 20 April 2020. Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme.

Register in advance for this webinar:

https://zoom.us/webinar/register/WN_K8sGFUlESlOElN9xI8nCtQ

The confirmation email containing information about joining the webinar will be sent after registration.

Webinar for the Public Hearing on ED-25 : Disclosures to Promote Transparency and Market Discipline for Takaful/Retakaful Undertakings
2020-05-06 | Kuala Lumpur, Kuala Lumpur, Malaysia, Malaysia
In its 50th meeting held on 18 March 2020, the Technical Committee of the Islamic Financial Services Board (IFSB) has approved the issuance of approved the issuance of the following Exposure Draft (ED):

Disclosures to Promote Transparency and Market Discipline for Tak?ful/Retak?ful Undertakings (ED-25)

The Public Consultation will be for a period of 2 months, starting from 25 March 2020 until 24 May 2020.
In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-24 on 20 April 2020. Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme.
Register in advance for this webinar:
https://zoom.us/webinar/register/WN_oK4YANa2Q42sOpiNA2r4Iw
The confirmation email containing information about joining the webinar will be sent after registration.

3rd Joint Working Group Meeting on the Revised Shariah Governance Framework Standard
2020-05-12 | Online (webinar), Kuala Lumpur, Malaysia
The 3rd Joint Working Group Meeting on Revised Shari’ah Governance Framework Standard is scheduled to be held as follow :

Date
12 May 2020

Time
2.00 PM (Malaysian time)

Venue
Online (webinar)

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

Event Snapshots

IFSB-FIS E-Workshop Series: Corporate Governance for Institutions offering only Islamic Financial Services (IIFS) (IFSB-3)
2020-06-18 | Kuala Lumpur, Kuala Lumpur, Malaysia, Malaysia
Date
:
18 June 2020 (Thursday)

Time
:
4:30 – 5:30 pm (MYT)

Sector
:
Islamic banking

Topics
:
Corporate Governance for Institutions offering only Islamic Financial Services (IIFS) (IFSB-3)

Despite a very rapid development of Islamic finance worldwide, it should not be forgotten that in many countries Islamic financial services industry is still in its infancy. To be able to successfully meet all challenges that Islamic finance services industry faces, it needs to have comprehensive regulation and supervision, risk management and corporate governance frameworks.

With this e-workshop session, IFSB Secretariat would like to address one of the most crucial aspects of IIFS – a Corporate Governance.

Our facilitator will indroduce you to guiding principles of prudential requirement in the area of Corporate Governance. IFSB’s Guiding Principles are designed to facilitate IIFS in identifying areas where appropriate governance structures and processes are required, and to recommend best practices in addressing these issues.

During the session, you will get understanding on issues of Corporate Governance specific to IIFS, the Geveranl Governance Approach from IFSB-3 standards perspective and how IIFS shall acknowledge rights of Investment Account Holders.

The session will also clarify how compliance with Shariah rules and principles is an itegral part of Corporate Governance for IIFS.

**REGISTRATION IS OPEN TO MEMBERS ONLY**

5th Meeting of the Technical Note on Recovery and Resolution Plan for Institutions offering Islamic Financial Services (IIFS)
2020-06-23 | Online (webinar), Kuala Lumpur, Malaysia
The 5th Meeting of the Technical Note on Recovery and Resolution Plan for Institutions offering Islamic Financial Services (IIFS) is scheduled to be held as follow:

Date
23 June 2020

Time
4.00 PM (Malaysia time)

Venue
via web conference / webinar

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

Event Snapshots

6th Working Group Meeting on The Investor Protection Islamic Capital Market
2020-06-24 | Online (webinar), Kuala Lumpur, Malaysia
The 6th Working Group Meeting on The Investor Protection Islamic Capital Market is scheduled to be held as follow:

Date
24 June 2020

Time
2.00 PM (Malaysia time)

Venue
via web conference / webinar

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

Event Snapshots

2nd Working Group Meeting on Core Principles for Islamic Finance Regulation (Financial Market Infrastructures)
2020-06-25 | Online (webinar), Kuala Lumpur, Malaysia
The 2nd Meeting of Working Group on Core Principles for Islamic Finance Regulation (Financial Market Infrastructures) is scheduled to held as follow :

Date
25 June 2020

Time
2.00 PM (Malaysia time)

Venue
via web conference / webinar

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

7th Meeting of the Working Group on Disclosure to Promote Transparency and Market Discipline for Takaful / Retakaful Undertakings
2020-06-29 | Online (webinar), Kuala Lumpur, Malaysia
The 7th Meeting of the Working Group on Disclosure to Promote Transparency and Market Discipline for Takaful / Retakaful Undertakings is scheduled to be held as follow:

Date
29 June 2020

Time
2.00 PM (Malaysia time)

Venue
via web conference / webinar

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