About the Workshop This 3-day Workshop is tailored for the regulatory and supervisory authorities for the Islamic Capital Market sector on the following IFSB Standards: • Introduction to Islamic Capital Market • IFSB-6 : Guiding Principles on Governance for Islamic Collective Investment Schemes (ICIS) • IFSB-10 : Guiding Principles on Sharī`ah Governance Systems for IIFS • IFSB-19 : Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukūk and Islamic Collective Investment Schemes) • IFSB-21 : Core Principles for Islamic Finance Regulation (ICM Segment) As an overview, for the first session, the Workshop will provide insights on the fundamentals of Islamic Capital Market, the background and development of Islamic equity market and Islamic hedging products. Besides, the participants will also be exposed to various aspects related to Sukūk and securitisation as well as Islamic Collective Investment Schemes (ICIS) in the remaining sessions. IFSB Guiding Principles on Governance for Islamic collective investment schemes (ICIS) (IFSB-6) reinforces the international best practices on supervising Collective Investment Schemes market while addressing the specificities of ICIS with respect to general governance; transparency and disclosure issues; compliance with Sharī`ah rules and principles as well as examination of additional protection required by the ICIS investors. 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. IFSB-19: Guiding Principles on Disclosure Requirements for Islamic Capital Market Products sets out general principles on disclosure requirements for ICM products, specifically for ṣukūk and ICIS. The standard provides guidance to Regulatory and Supervisory Authorities (RSAs) to assess the adequacy of the disclosure frameworks.  IFSB-21: on Core Principles for Islamic Finance Regulation (ICM Segment). The Standard provides a set of core principles for the regulation and supervision of the ICM, taking into consideration the specificities of Islamic finance. It envisages that these core principles will be used by jurisdictions as a benchmark for assessing the quality of their regulatory and supervisory systems, and for identifying future work to achieve a baseline level of sound regulations and practices for ICM products and services. 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.   Day 1 29/10/2019 09:00 - 09:30 Registration 09:30 - 09:45 Opening & Welcoming Address Group Photo 09:45 - 11:15 Session 1: Introduction to Islamic Capital Market Islamic Capital Market Development - Issues and Challenges Sukuk Structures Islamic Hedging Products 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2: IFSB-6 - Governance for Islamic Collective Investment Schemes (ICIS) Islamic Collective Investment Scheme Overview Motivating Factors for the Governance of ICIS Guiding Principles on Governance for ICIS 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3: IFSB-6 - Governance for ICIS - Cont'd Compliance with Sharī`ah Rules and Principles Additional Protection for ICIS Investors Case Study 16:00 - 16:15 Coffee Break Day 2 30/10/2019 09:30 - 11:00 Session 4: IFSB-19 - Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukūk and ICIS) Common General Principles General Disclosure Principles Applicable to Sukūk Sharīʻah and Structure-related Disclosures for Sukūk 11:00 - 11:30 Lunch and Prayer 11:30 - 13:00 Session 5: IFSB-19 - Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukūk and ICIS) - Cont'd Sharīʻah and Operations-related Disclosures for ICIS Specialist ICIS Disclosure Case Study 13:00 - 14:00 Coffee Break 14:00 - 16:00 Session 6: IFSB-10 - Guiding Principles on Sharī`ah Governance System for IIFS Structure of the Sharī`ah Governance System Scope of Sharī`ah Governance System Disclosure of Compliance with IFSB-10 General Approach to the Sharīʻah Governance System Day 3 31/10/2019 09:30 - 11:00 Session 7: IFSB-10 - Guiding Principles on Sharī`ah Governance System for IIFS (Cont'd) Guiding Principles on the Sharī`ah Governance System - Competence and Independence Guiding Principles on the Sharī`ah Governance System - Confidentiality Guiding Principles on the Sharī`ah Governance System - Consistency Case Study 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8: IFSB-21 - Core Principles for Islamic Finance Regulation (ICM Segment) Objectives of Islamic Capital Markets Regulation Principles Relating to the Regulator Principle Relating to Sharīʻah Governance Principles Relating to Enforcement 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9: IFSB-21 - Core Principles for Islamic Finance Regulation (ICM Segment) (Cont'd) Principles Relating to Issuers Principles related to Islamic Collective Investment Schemes Principles related to Market Intermediaries Principles relating to Secondary Markets and Other Markets 16:00 - 16:15 Closing & Certificate Giving Ceremony 16:15 - 16:45 Coffee Break

About the Workshop This 3-day Workshop is tailored for the regulatory and supervisory authorities for the Takāful sector on the following IFSB Standards: Introduction to Takāful (Islamic Insurance) IFSB-8: Guiding Principles on Governance for Takāful Undertakings IFSB-11: Standard on Solvency Requirements for Takāful Undertakings IFSB-14: Standard on Risk Management for Takāful Undertakings IFSB-18: Guiding Principles for Retakāful IFSB-20: Key Elements in the Supervisory Review Process of Takāful / Retakāful Undertakings IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS As a background, IFSB-8: Governance for Takāful Undertakings has the aim to reinforce relevant good governance practices as prescribed in other internationally recognised governance standards for insurance companies, while addressing the specificities of Takāful undertakings. It promotes the development of a more comprehensive prudential framework for Takāful undertakings. IFSB-11: Solvency Requirements for Takāful Undertakings, for its part, sets out important key principles for the structure of solvency requirements which is primarily based on the IAIS regulatory capital requirements, with the necessary modifications and adaptations to cater for the specificities and characteristics of a Takāful undertaking. IFSB-14: Risk Management for Takāful Undertakings will discuss minimum standards to be applied to the Takāful industry, in parallel with perspectives set out by the IAIS, in order to bring the Takāful industry to the desired level of effective supervision and regulation, at par with the conventional insurance industry, subject always to the requirements of Sharī`ah principles. In addition, IFSB-18: Guiding Principles for Retakāful aims to provide the regulatory and supervisory authorities (RSAs) and market players of the Takāful industry guidance relating to Retakāful. It identifies and sets forth a set of basic principles and best practices pertaining to Retakāful activities of both Takāful and Retakāful Operators. Furthermore, a key feature of IFSB-18 is that, it provides Retakāful stakeholders with guiding principles on the conduct of the Retakāful business. 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. IFSB-20 on Key Elements in the Supervisory Review Process of Takāful / Retakāful Undertakings. It provides guidance to supervisors on minimum standards for an effective and efficient supervisory review process for Takāful / Retakāful Undertakings and Retakāful Undertakings. The Standard also promotes, by means of supervisory review, fair, safe and stable takāful and retakāful markets as well as encourages harmonisation of supervision internationally and hence to enhance cooperation among supervisors. 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.