14th Meeting of the Council of the IFSB 7th Meeting of the General Assembly Hosted by the Saudi Arabian Monetary Authority - Open to Members of the IFSB only - Please email [email protected] for more information.
Hosted by the Saudi Arabian Monetary Authority - Open to Members of the IFSB only - Please email [email protected] for more information.
This Seminar is jointly organised with Qatar Faculty of Islamic Studies (QFIS). For more information, please contact Mr. Abdulla Alhawal Tel: +974 454 6565 Fax: +974 454 6576 email: [email protected] Programme - Event Session(s) Date Time Topics Day 1 15/04/2009 09:00 - 09:30 Registration 09:30 - 10:00 Welcoming Remarks 10:00 - 11:00 Keynote Address Prudential Requirements for Institutions offering Islamic financial services (IIFS) 11:00 - 11:30 Morning coffee and Networking break 11:30 - 12:45 Session 1 Corporate Governance of IIFS 12:45 - 14:00 Lunch & Zuhr Prayer 14:00 - 15:15 Session 2 Governance for Takāful Operations 15:15 - 16:30 Session 3 Sharī’ah Governance 16:30 - 17:00 Afternoon Tea and End of first day Day 2 16/04/2009 09:30 - 10:45 Session 4 Legal Issues and Challenges facing IIFS 10:45 - 11:15 Morning coffee and Networking break 11:15 - 12:30 Session 5 Sukūk & Rating Methodologies of External Credit Rating Agencies 12:30 - 13:30 Roundup Discussion 13:30 - 14:30 Lunch and End of Seminar Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Press Release (Arabic Version) - From QFIS 3.) Press Release (English Version) - From QFIS 4.) Registration Form (Arabic Version) 5.) Registration Form (English Version)
The Monetary Authority of Singapore is hosting this Summit. For more information on sponsorship and participation opportunities, please email [email protected] / [email protected] Programme - Event Session(s) Date Time Topics Day 1 05/05/2009 09:30 - 11:00 Public Hearing on IFSB Exposure Draft 8 Guiding Principles on Governance for Islamic Insurance (Takaful) Operations 11:00 - 11:30 Coffee Break 11:30 - 13:00 Public Hearing on IFSB Exposure Draft 9 Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services 13:00 - 14:00 Lunch 14:00 - 15:30 Public Hearing on IFSB Exposure Draft 10 Guiding Principles on Shari’ah Governance System Day 2 06/05/2009 11:00 - 11:30 Registration for MALAYSIA Showcase 11:30 - 13:30 Malaysia Showcase & Networking Session 14:00 - 14:30 Registration for KOREA Showcase 14:30 - 16:30 Korea Showcase and Networking Session 20:00 - 22:00 Summit Welcome Dinner Hosted by Monetary Authority of Singapore Day 3 07/05/2009 08:30 - 09:30 Registration for 6th IFSB Summit 09:30 - 10:30 Opening and Keynote Session 10:30 - 11:00 Networking Session and Coffee Break 11:00 - 12:30 Session 1: The Islamic Financial Services Landscape Where is the Islamic financial services industry (IFSI) in terms of its current level of development and soundness vis-à-vis conventional finance? What is the potential growth of the Islamic financial services industry? Is consolidation among market players and realignment of business structure imminent in view of the nature of the Islamic financial services industry and the need to compete with conventional institutions? 12:30 - 14:00 Lunch & Keynote Address 14:00 - 15:30 Session 2: Competitive Strategies of IFSI Are the current strategies adopted by IFSI market players effective to compete at the global level in the long run? What are the key issues that must be addressed to further raise competitive elements of IIFS? Should there be convergence with conventional financial market to raise the competitiveness of the Islamic financial services industry? What are the roles of the relevant stakeholders in raising the competitiveness of domestic IFSI environment? 15:30 - 16:00 Networking Session and Coffee Break 16:00 - 17:30 Session 3: Role of Non-Banks Financial Institutions (NBFI) in The Future of Islamic Finance Should there be segregation between Islamic capital markets, takaful industry and other non-bank financial institutions and Islamic banking business? Will non-banks financial agencies (insurance firms, securities firms, securities brokers and dealers, finance companies, micro finance institutions, leasing companies, asset management companies etc) have more roles in the future of IFSI? Should there be a convergence and cross sector consolidation of banking and non banking activities in order to enhance IIFS competitiveness? Are there adequate structures, policies and support from the relevant agencies including multilateral agencies to realise the potential of these sectors? What are the challenges and obstacles facing the Islamic capital market and NBFI? 20:00 - 22:00 Summit Gala Dinner & Keynote Address For Registered Summit Participants only Day 4 08/05/2009 09:30 - 11:30 Session 4: Direction of Regulatory Policies What would be the potential policy issues in view of the convergence of banking and commercial activities of IIFS? What is the effective supervisory structure for Islamic financial services industry in view of the global and cross sectoral nature of the industry? What will be the issues and challenges facing regulatory authorities? What are the key factors to effective government regulation? Should there be harmonisation and minimum standards for regulatory policies? What would be the impact to the IFSI brought about by the changing corporate governance environment and framework? 11:00 - 11:30 Networking Session and Coffee Break 11:30 - 13:00 Session 5: Direction of Development Policies What infrastructures are required to support the future growth of the industry? Who should lead the development initiatives of the industry going forward, regulators or market players? What are the roles of multilateral agencies in the development of IFSI? Can the IFSI develop competitive and sustainable revenue models in the future? What are the impediments in achieving this? 13:00 - 14:00 Lunch and End of Summit Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) 6th IFSB Summit Brochure 3.) 6th IFSB Summit Initial Announcement 4.) 6th IFSB Summit Registration Form (pdf format) 5.) 6th Summit Registration Form (word format)
Capital Adequacy Standard Transparency and Market Discipline Programme - Event Session(s) Date Time Topics Day 1 18/05/2009 08:30 - 14:30 Registration 09:00 - 10:00 Session 1 An overview of Capital Adequcy Standard 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 2 Measurement of Capital Adequacy Requirements for Credit Risk Examples 12:00 - 12:30 Coffee Break & Prayer 12:30 - 14:30 Session 3 Measurement of Capital Adequacy Requirements for Market Risk (1) 14:30 - 15:30 Lunch Day 2 19/05/2009 08:30 - 09:00 Registration 09:00 - 10:00 Session 4 Measurement of Capital Adequacy Requirements for Operational Risk CAS Formula 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 5 Case Study 12:00 - 12:30 Coffee Break & Prayer 12:30 - 14:30 Session 6 Case study Discussion & Group Presentations 14:30 - 15:30 Lunch Day 3 20/05/2009 09:30 - 11:00 Session 1 Definition & Characteristics of TMD Necessary conditions for effective transparency Recommended IIFS Disclosures under TMD and Case Study of Current Practices of Disclosures 11:00 - 11:30 Coffee Break 11:30 - 12:30 Session 2 Recommended IIFS Disclosures under TMD and Case Study of Current Practices of Disclosures (cont’d) 12:30 - 14:00 Lunch 14:00 - 16:00 Session 3 TMD implementation issues and challenges Group Case study and Discussion Individual exercise and Discussion Conclusion Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Registration Form
Bank of Mauritius and Financial Services Commission, Mauritius is hosting the Seminar. For more information, please contact Ms. Prudence Lee at [email protected] Programme - Event Session(s) Date Time Topics Day 1 18/05/2009 19:00 - 21:00 Welcome Reception Day 2 19/05/2009 08:00 - 09:30 Registration 09:30 - 10:30 Opening Ceremony 10:30 - 11:00 Coffee Break 11:00 - 12:00 Session 1 General characteristics of the Islamic capital market and its role in the Islamic financial services industry 12:00 - 13:00 Session 2 Shari’ah screening process in Islamic capital market 13:00 - 14:30 Lunch and Prayer 14:30 - 15:30 Session 3 An overview of the Sukuk market and their rating methodologies 15:30 - 16:30 Session 4 Case studies on structure of Sukuk Day 3 20/05/2009 09:00 - 10:30 Session 5 Regulatory framework of the Islamic capital market 10:30 - 11:00 Coffee Break 11:00 - 12:00 Session 6 Corporate Governance for Collective Investment Schemes 12:00 - 12:30 Concluding Remarks 12:30 - 14:00 Lunch Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Hotel Reservation 3.) IFSB Article: Role of Capital Markets in the Islamic Financial Services Industry
Risk Management Supervisory Review Process Corporate Governance Programme - Event Session(s) Date Time Topics Day 1 01/06/2009 09:00 - 10:00 Session 1 Risk Management Framework - Background Credit Risk Equity Investment Risk 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 2 Market Risk Liquidity Risk Rate of Return Risk 12:00 - 12:30 Coffee Break & Prayers 12:30 - 14:30 Session 3 Operational Risk Case Analysis (I) and Discussions Case Analysis (II) and Discussions 14:30 - 15:30 Lunch Day 2 02/06/2009 09:00 - 10:00 Session 1 An overview of Supervisory Review Process Standard Infrastructure for Effective Supervision Regulatory Capital Requirements Treatment of IAH Risk Management and Corporate Governance (RM, CG, Audit and Compliance) 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 2 Related Party Transactions Transparency and Market Discipline Consolidated and Home-host Supervision Window Operations Real Estate Investments 12:00 - 12:30 Coffee Break & Prayers 12:30 - 14:30 Session 3 Case Analysis (I) and Discussions Case Analysis (II) and Discussions 14:30 - 15:30 Lunch Day 3 03/06/2009 09:00 - 10:30 Session 1 Guiding Principles on Corporate Governance for Institutions offering only Islamic Financial Services (IFSB-3) – An Overview 10:30 - 11:00 Coffee Break 11:00 - 12:00 Session 2 IFSB-3 – A Focus on the Recommended Best Practices 12:00 - 12:30 Coffee Break & Prayers 12:30 - 14:30 Session 3 Case Analysis and Discussions 14:30 - 15:30 Lunch Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Registration Form
The Workshops are hosted by the Central Bank of the UAE. For more information / participation in the workshops, please email [email protected] Programme - Event Session(s) Date Time Topics Day 1 04/06/2009 09:00 - 09:30 Registration 09:30 - 11:00 Workshop on IFSB Exposure Drafts 8 Guiding Principles on Governance for Islamic Insurance (Takaful) Operations 11:00 - 11:30 Coffee Break 11:30 - 13:00 Workshop on IFSB Exposure Drafts 9 Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services 13:00 - 14:00 Lunch 14:00 - 15:30 Workshop on IFSB Exposure Drafts 10 Guiding Principles on Shari’ah Governance System Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Registration Form
For more information/participation in these workshops, please email [email protected] Programme - Event Session(s) Date Time Topics Day 1 08/06/2009 09:00 - 09:30 Registration 09:30 - 11:00 Session 1 Guiding Principles on Corporate Governance for Institutions offering only Islamic Financial Services (IFSB-3) – An Overview 11:00 - 11:30 Coffee Break 11:30 - 12:30 Session 2 IFSB-3 – A focus on the Recommended Best Practices 12:30 - 13:30 Lunch & Prayers 13:30 - 14:30 Session 3 Case Analysis (I) Discussions 14:30 - 15:00 Coffee Break 15:00 - 16:00 Session 3 Case Analysis (II) Discussions Day 2 09/06/2009 09:30 - 11:00 Session 1 An overview of Supervisory Review Process Standard Infrastructure for Effective Supervision Regulatory Capital Requirements Treatment of IAH Risk Management and Corporate Governance (RM, CG, Audit and Compliance) 11:00 - 11:30 Coffee Break 11:30 - 12:30 Session 2 Related Party Transactions Transparency and Market Discipline Consolidated and Home-host Supervision Window Operations Real Estate Investments 12:30 - 13:30 Lunch & Prayers 13:30 - 14:30 Session 3 Case Analysis (I) Discussion 14:30 - 15:00 Coffee Break 15:00 - 16:00 Session 4 Case Analysis (II) Discussion Downloadable Document(s) 1.) Event Session(s) - PDF Format
The Conference is jointly organised with the Islamic Development Bank and Islamic Research and Training Institute, and hosted by the UK Trade and Investment. Participation is by invitation only. Please email Ms. Puteri at [email protected] for details. Programme - Event Session(s) Date Time Topics Day 1 01/07/2009 08:30 - 09:00 Registration 09:00 - 10:15 Opening and Keynote session 10:15 - 10:45 Coffee break 10:45 - 12:00 Session 1: Structure of Islamic Financial Services Industry (IFSI) and Financial Stability Lessons of current crisis – Can the inherent characteristics of Islamic finance (link to real assets, risk sharing with fund providers, and limits on debt/fixed income financing) promote stability? What is the current structure of IFSI, in terms of how well commerce, banking, securities, and Insurance are operationally and legally linked in Islamic finance? What are the appropriate organisational structures for institutions that offer Islamic financial services (IIFS) (both banks and Takāful), in light of their inherent characteristics? Linking of Commercial /real estate activities and financial intermediation. What are the organisational and stability Implications? How to separate commerce and trade from financial intermediation? Governance and organisational implications of funding through profit sharing investment accounts (PSIA) and financing through profit sharing modes; should there be a separate subsidiary for PSIA and profit sharing financing? Or should a cooperative form of bank be favoured in which the PSIA holders would be the owners? 12:00 - 13:15 Session 2: Emerging Prudential Framework Supervisory and capital adequacy implications of PSIA Risk management - role of derivatives and other hedging products in Islamic finance; is on-balance sheet risk management an alternative to derivatives and off balance sheet hedging? Transparency and disclosure - cross-sectoral aspects 13:15 - 14:30 Lunch and Prayers 14:30 - 15:45 Session 3: Legal Infrastructure and Safety Nets Legal framework for asset securitisation - current practices and key issues. Deposit insurance and investor protection regimes for Islamic finance; valuation issues for PSIA under investor/ depositor protection schemes Insolvency regimes (with particular reference to the rights of PSIA holders and Takāful policy-holders), loan recovery, and asset restructuring with Islamic finance contracts. 15:45 - 17:00 Session 4: Liquidity Infrastructure Developing sovereign Sukūk markets and Islamic interbank money markets - key issues; need for a comprehensive approach; insufficient availability of assets for securitisation; the scope for regional/ international cooperation to build a pipeline of assets. Central bank's operations with IIFS - lender of last resort, OMOs, reserve and liquidity requirements etc., central bank's role in promoting primary dealers and secondary markets. How to ensure level playing field between IIFS and conventional banks in monetary operations? Integration of sovereign Sukūk in the overall public debt and asset management and money supply management - key issues. Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Conference Programme 3.) Registration Form
Islamic Development Bank is hosting this Seminar. Attendance is by invitation only.
Prior to this 4th IFSB Seminar on Legal Issues in the Islamic Financial Services Industry (28-29 September 2009), Bank Negara Malaysia is organising its SEACEN-BNM Banking and Financial Law School 2009 (BFLS) (24-25 September 2009). Please note that attending the BFLS 2009 will entitle you for FREE ENTRY to the IFSB Seminar. For information and registration, please contact: 4th IFSB Seminar on Legal Issues in the Islamic Financial Services Industry MS. PRUDENCE LEE Tel: +603 26984248 ext: 133 Email: [email protected] SEACEN-BNM Banking and Financial Law School 2009 MR. JOSEPH LEONG Tel: +603-2095-6833 ext: 165 Fax: +603-20957822 Email: [email protected] or [email protected]. Programme - Event Session(s) Date Time Topics Day 1 28/09/2009 09:00 - 09:30 Registration 09:30 - 10:30 Opening and Keynote Session 10:30 - 11:00 Coffee break 11:00 - 12:30 Session 1 Duties and Responsibilities of Shari'ah Boards from a Legal and Regulatory Perspective 12:30 - 14:00 Lunch 14:00 - 15:30 Session 2 Shari'ah and Legal issues in Islamic structured products 15:30 - 16:00 Coffee break 16:00 - 17:30 Session 3 Islamic Financial Services Industry Insolvency and Asset Recovery Framework - Gaps and Challenges Day 2 29/09/2009 09:30 - 11:00 Session 4 Interlink/interface between civil law systems and Shari'ah rules and principles and effective dispute resolution mechanism. 11:00 - 11:30 Coffee break 11:30 - 13:00 Session 5 Challenges in managing legal risks in Islamic Financial Services Industry : Case studies 13:00 - 14:00 Lunch Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Brochure 3.) Hilton Reservation Form 4.) Le Meridien Reservation Form 5.) Registration Form
