FIS workshop for National Bank of Tajikistan (NBT)
2022-03-09 - 2022-03-11 | Online
This FIS Workshop is tailored for the National Bank of Tajikistan as part of IFSB’s implementation tools offered as membership benefits which are available to all members upon request.

The 3-day workshop covers IFSB-15: Revised Capital Adequacy Standard and IFSB-16: Revised Guidance on Key Elements in The Supervisory Review Process.

15th IFSB-INCEIF/ISRA Consulting Executive Programme: Integrating Islamic Finance into Sustainable Finance: The Role of Regulators and Market Players (Islamic Capital Market Sector)
2022-03-16 | Executive Webinar
Theme: Integrating Islamic Finance into Sustainable Finance: The Role of Regulators and Market Players (Islamic Capital Market Sector)

Transitioning to sustainable finance and economies including mitigating climate change are amongst major issues that are currently at the forefront of the global consciousness. In recent years, there has been an increase in the efforts to promote more sustainable finance development, both within the public and the private sectors, including through Islamic finance sectors. Islamic finance should have strategic roles and contributions to take part in managing the impact of climate change and environmental, governance or social risks. Accordingly, Islamic finance activities designed to be, or labelled as, sustainable have increased particularly the ICM sector in recent years.

Some jurisdictions are taking policy or regulatory steps to enhance the role of the Islamic financial system in the transition towards sustainable finance development. There has also been increasing recognition of climate-related risks as a source of financial risk that can affect not only specific firms or sectors but more broadly the stability of the financial system. This has increased the focus by prudential regulators on these issues within their mandate of ensuring the resiliency of the financial system to material risks.

This executive program intends to discuss and elaborate the roles of regulators and market players in supporting sustainable finance particularly through the Islamic capital market (i.e. Islamic green sukuk and social sukuk).

FIS workshop for Securities and Exchange Commission of Pakistan (SECP)
2022-03-16 - 2022-03-17 | Online
This FIS workshop is tailored for the Securities and Exchange Commission of Pakistan (SECP) as part of IFSB’s implementation tools offered as membership benefits that are available to all members upon request.

The 2-day workshop covers two standards namely IFSB-19: Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukuk and Islamic Collective Investment Schemes – ICIS) and IFSB-24: Guiding Principles on Investor Protection in Islamic Capital Markets

2nd Meeting of IFSB IFSI Stability Report Quality Improvement Committee
2022-03-21 | Online
The 2nd Meeting of IFSB IFSI Stability Report Quality Improvement Committee is scheduled to be held as follow:

Date
21 March 2022

Time
3.30 PM (GMT +8.00, KL time)

Venue
Web-conference / webinar

Participation in the meeting is open to the committee members only. For more information, please email to fadhila@ifsb.org.

56th Meeting of the Technical Committee
2022-03-24
The Secretariat is pleased to announce that the 56th Meeting of the Technical Committee will be held online on Thursday, 24 March 2022.

Participation is by invitation only. For participation enquiries and registration for the meeting, please email to Ms. Nissa at khairun.nissa@ifsb.org

17th Task Force Meeting on Prudential and Structural Islamic Financial Indicators (PSIFIs)
2022-03-28 14:30 - 18:00 (Asia/Kuala_Lumpur) | Online
The 17th Task Force Meeting on Prudential and Structural Islamic Financial Indicators (PSIFIs) is scheduled to be held via online as follows:

Date
28 March 2022 (Monday)

Time
14:30 – 18:00 (GMT +8.00, Malaysia Time)

Participation is by invitation only. For participation enquiries and registration for the meeting, please email to Ms. Nissa at khairun.nissa@ifsb.org

FIS workshop - Core Principles for Effective Islamic Deposit Insurance Systems
2022-03-31 15:30 - 18:30 UTC | Online
This workshop is dedicated for the “Core Principles for Effective Islamic Deposit Insurance Systems” which is a mutual standard between IFSB and International Association of Deposit Insurance (IADI) issued in 2021.
The standard covers topic related to Islamic deposit insurance such as public policy objectives, governance, relations with other safety net participants, cross-border issues, coverage, public awareness among other topics. It also addresses specificities of Islamic deposit insurance and key considerations for Investment Accounts.

The 1-day online workshop is open to all IFSB members for free as part of their membership benefits.
The outline of the workshop is as follows:
1- The need for the standard on Core Principles for Effective Islamic Deposit Insurance Systems (CPIDIS)

2- Required Islamic finance infrastructure for Islamic Deposit Insurance Systems (IDIS)

3- Discussion on 17 CPIDIS and mapping the International Association of Deposit Insurers’ Core Principles

4- Shariʻah Requirements and Specificities for IDIS Design

5- Key Considerations for Investment Accounts under an IDIS

The workshop will be conducted from 3.30 pm to 6.30 pm (Kuala Lumpur time). Registration can be done through the following link: bit.ly/3JLDzsN

7th Meeting of the Executive Committee
2022-04-13
The Secretariat is pleased to announce that the 7th Meeting of the Executive Committee will be held online on Wednesday, 13 April 2022.

Participation is by invitation only. For participation enquiries and registration for the meeting, please email to Ms. Nissa at khairun.nissa@ifsb.org

FIS workshop - IFSB-26: Core Principles for Islamic Finance Regulation (Financial Market Infrastructures)
2022-04-14 15:30 - 18:30 UTC | Online
This workshop is dedicated for IFSB-26: Core Principles for Islamic Finance Regulation (Financial Market Infrastructures).

The standard presents overview of the key risks in Financial Marker Infrastructure (FMI) along with core principles for aspects related to the regulation of FMI such as legal basis, governance and Shariah governance, risk management, collateral, money settlements, physical deliveries, efficiency and effectiveness, disclosure, among others.

The 1-day online workshop is open to all IFSB members for free as part of their membership benefits.

The outline of the workshop is as follows:

1- Introduction to the standard

2- Key risks for Islamic Financial Market Infrastructures (FMIs)

3- Discussion on 25 Core principles for Islamic Finance Regulation

The workshop will be conducted from 3.30 pm to 6.30 pm (Kuala Lumpur time). Registration can be done through the following link: bit.ly/3gZNwpV

Public Hearing on the IFSB Guidance Note-8 : Deepening Islamic Capital Markets (ED-GN-8)
2022-04-21 | Online
In its IFSB 56th Technical Committee Meeting held on 24 March 2022, the Technical Committee of the Islamic Financial Services Board has approved the issuance of the following Exposure Drafts (ED) for public consultation;

Guidance Note-8 on Deepening the Islamic Capital Markets (ED-GN-8)

The Public Consultation period will be from 25 March 2022 until 26 May 2022

In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-GN-8 on Thursday, 21 April 2022 at 3.30 PM (GMT +8.00, Malaysia time). Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme.

Kindly register in advance for this webinar:

https://zoom.us/webinar/register/WN_bvHjbNObTNmxM6EjOCz3RQ

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

Ms. Fadhila Izzati Mokhtar (fadhila@ifsb.org) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar.

We look forward to receiving your registration for Public Hearing session as well as feedback on ED-GN-8.

Event Snapshots

Public Hearing on the ED-27 : Core Principles for Islamic Finance Regulation [Takaful Segment]
2022-04-25 | Online
In its IFSB 56th Technical Committee Meeting held on 24 March 2022, the Technical Committee of the Islamic Financial Services Board has approved the issuance of the following Exposure Drafts (ED) for public consultation;

Core Principles for Islamic Finance Regulation [Takaful Segement] – (ED-27)

The Public Consultation period will be from 25 March 2022 until 23 June 2022

In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-27 on Monday, 25 April 2022 at 3.30 PM (GMT +8.00, Malaysia time). Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme.

Kindly register in advance for this webinar:

https://zoom.us/webinar/register/WN_x89h6buGQW-zbZZ9qJyX4g

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

Ms. Fadhila Izzati Mokhtar (fadhila@ifsb.org) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar.

We look forward to receiving your registration for Public Hearing session as well as feedback on ED-27.

Event Snapshots

3rd Meeting of IFSB IFSI Stability Report Quality Improvement Committee
2022-04-26 | Online
The 3rd Meeting of IFSB IFSI Stability Report Quality Improvement Committee is scheduled to be held as follow :

Date
26 April 2022

Time
3.15 PM (GMT +8.00, KL time)

Venue
Web-conference / webinar

Participation in the meeting is open to the committee members only. For more information, please email to fadhila@ifsb.org.

Event Snapshots

3rd Working Group Meeting on Conduct of Business Supervision in Takaful Undertakings
2022-04-28
The 3rd Working Group Meeting on Conduct of Business Supervision in Takaful Undertakings is scheduled to held as follow :

Date
28 April 2022

Time
2.30 PM (GMT +8.00, KL time)

Venue
via web conference / webinar

Participation in the meeting is open for the Working Group members only. For more information please email to: fadhila@ifsb.org

Event Snapshots

IFSB Roundtable on Exposure Draft GN-8: Guidance Note on Deepening the Islamic Capital Markets
2022-05-26 15:00 - 18:30 UTC | Online
The Roundtable is organised by the IFSB to discuss the Exposure Draft of Guidance Note-8 on Deepening the Islamic Capital Markets, in line with the IFSB due process for the development of Standards and Guidance/Technical Notes. The ED GN-8 seeks to promote financial stability through deep and liquid Islamic financial systems with diverse instruments that will help enhance countries’ resilience to shocks, and in turn, also support the resilience of other parts of the Islamic financial services industry by providing a wider range of investments with better price discovery.

The Roundtable aims to invite selected experts to discuss the some of the issues highlighted in ED GN-8 with a view to soliciting constructive and practical feedback, particularly on specific issues facing the development of the Islamic capital market and practices that have been successful in particular jurisdictions as well as how technology might help in addressing these issues.

Programme – Event Session(s)

Date
Time
Topics

Day 1
26/04/2022
15:00 – 15:10
Opening Remarks

15:10 – 15:25
Overview of ED GN-8 by the Project Manager

15:25 – 16:10
Panel 1: Reducing the Barriers to Primary Issuances

16:10 – 16:55
Panel 2: Increasing Secondary Market Liquidity

16:55 – 17:00
Break

17:00 – 17:55
Panel 3: Sustainability-related Issues in the ICM

17:45 – 18:30
Panel 4: Developing the Islamic Funds Industry

Downloadable Document(s)

Event Session(s) – PDF Format

FIS workshop - IFSB-23 (Revised Capital Adequacy Standard for IIFS)
2022-05-31 17:00 - 19:30 UTC | Online
This workshop is dedicated for IFSB-23 which is the new capital adequacy standard issued in December 2021 as a revision to IFSB-15 issued in 2013.

The standard covers topics related to capital adequacy requirements and macroprudential measures, regulatory capital, principles for minimum capital requirements in line with Basel 3, among other topics.

The workshop is supposed to cover the following:
1- The rationale behind revising IFSB-15 on capital adequacy
2- Key changes in IFSB-23 compared to IFSB-15.

The workshop will be conducted from 5.00 pm to 7.30 pm (Kuala Lumpur time). Registration is open to all IFSB members and can be done through the following link:BIT.LY/3H4MN75

Islamic Financial Services Board (IFSB) Annual Meetings 2022: 40th Meeting of the Council, 20th General Assembly and Side Events
2022-06-09 | Online
The Islamic Financial Services Board (IFSB) in consultation with the State Bank of Pakistan announced that the planned IFSB Annual Meetings 2022 that were scheduled from 23 May to 25 May 2022 in Islamabad, Pakistan will now be held in virtual format (online) on Thursday, 9 June 2022.

The side events including the Regulators Roundtable that were initially scheduled to take place alongside the 20th General Assembly and 40th Meeting of the Council are deferred to another date that the Secretariat will announce in due course.

We are also pleased to update the timing of the 40th Meeting of the Council and 20th General Assembly as follows:

40th Meeting of the Council

Time: 2:00 PM, Pakistan Time

20th General Assembly
Time: 4:15 PM, Pakistan Time

Participation in the General Assembly and Council meeting is by invitation only. For inquiries and registration, please email Ms. Nissa at khairun.nissa@ifsb.org.

Please visit www.ifsb.org for updates on the above event.The IFSB and SBP look forward to the participation of the members of the IFSB in the meetings.

[ARABIC] - Public Hearing on IFSB-AAOIFI Revised Shariah Governance Framework (ED-RSGF)
2022-06-15 | Online
In its IFSB 56th Technical Committee Meeting held on 24 March 2022, the Technical Committee of the Islamic Financial Services Board has approved the issuance of the following Exposure Drafts (ED) for public consultation;

IFSB-AAOIFI Shariah Governance Framework (ED-RSGF)

The Public Consultation period will be from 31 March 2022 until 23 June 2022
In conjunction to the above, the IFSB will be organising a Webinar for the [Arabic] Public Hearing on the ED-RSGF on Wednesday, 15 June 2022 at 3.30 PM (GMT +8.00, Malaysia time). Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme.

Kindly register in advance for this webinar:
https://zoom.us/webinar/register/WN_cjoQmlbGT7em9LrT8u1Sog

An email confirmation containing about joining the webinar will be sent after registration.
Ms. Fadhila Izzati Mokhtar (fadhila@ifsb.org) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar.

We look forward to receiving your registration for Public Hearing session as well as feedback on ED-RSGF.

IFSB Roundtable on Exposure Draft: IFSB–AAOIFI Revised Sharīʻah Governance Framework for IIFS
2022-06-16
The Roundtable is organised by the IFSB to discuss the Exposure Draft (ED) of the IFSB–AAOIFI Revised Sharīʻah Governance Framework for Institutions Offering Islamic Financial Services (ED RSGF), in line with the IFSB due process for the development of Standards and Guidance/Technical Notes.

The aim of EDRSGF is to provide a revised set of guiding principles and rules on the key components of a sound and effective Shari`ah governance framework for IIFS. The ED RSGF applies to IIFS (including Islamic windows) in the Islamic banking, takāful (Islamic insurance) and Islamic capital market sectors. RSAs may choose to apply the standard to other IIFS in their jurisdictions. The Standard adopts a principle-plus-rule approach that provides a comprehensive set of Sharīʻah governance practices for implementing each principle.

The Roundtable aims to invite selected experts, regulators and Islamic scholars to discuss the significant issues of the Guiding Principles for Sharīʻah Governance Framework of the ED RSGF with a view to soliciting constructive and practical feedback on its contents, particularly focusing on issues that require closer deliberation by key stakeholders.

[ENGLISH] - Public Hearing on IFSB-AAOIFI Shariah Governance Framework (ED-RSGF)
2022-06-20 | Online
In its IFSB 56th Technical Committee Meeting held on 24 March 2022, the Technical Committee of the Islamic Financial Services Board has approved the issuance of the following Exposure Drafts (ED) for public consultation;

IFSB-AAOIFI Shariah Governance Framework (ED-RSGF)

The Public Consultation period will be from 31 March 2022 until 23 June 2022.

In conjunction to the above, the IFSB will be organising a Webinar for the [ENGLISH] Public Hearing on the ED-RSGF on Monday, 20 June 2022 at 3.00 PM (GMT +8.00, Malaysia time). Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme.

Kindly register in advance for this webinar:

https://zoom.us/webinar/register/WN_-hjtr0fqSWii3TDF87mTZA

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

Ms. Fadhila Izzati Mokhtar (fadhila@ifsb.org) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar.

We look forward to receiving your registration for Public Hearing session as well as feedback on ED-RSGF.

Event Snapshots

3rd Working Group Meeting of the Revised Guiding Principles on Corporate Governance for Institutions offering Islamic Financial Services [Banking Segment]
2022-06-27 | Online
The 3rd Working Group Meeting of the Revised Guiding Principles on Corporate Governance for Institutions offering Islamic Financial Services [Banking Segment] is scheduled to held as follow :

Date
27 June 2022

Time
3.30 PM (GMT +8.00, KL time)

Venue
via web conference / webinar

Participation in the meeting is open for the Working Group members only. For more information please email to: fadhila@ifsb.org

Facilitating the implementation of the IFSB standards (FIS) for The Bangko Sentral Ng Pilipinas
2022-06-27 - 2022-06-30 | Online
This tailor-made workshop is dedicated for the Central Bank of Philippines (Bangko Sentral Ng Philipinas) to discuss several IFSB standards and other topics related to Islamic banking, Islamic capital markets, and takaful.

The 4-day workshop is supposed to cover the following topics:
1- Core principles for Islamic finance regulation.

2- Sharia-compliant lender of last resort.

3- Digital transformation in Islamic banking.

4-Industry Practices of Structuring Islamic Liquidity Instruments and Islamic Banking products.

5- Disclosure Requirements for Islamic Capital Markets (Sukuk).

6- Key Elements in the Supervisory Review Process (SRP) of Takaful/ Retakaful Undertakings.

The workshop is part of the IFSB members’ benefits as a tool to facilitate the implementation of IFSB standards.

6th Task Force Meeting of Technical Note on Shariah-compliant Liquidity Management Tools
2022-06-28 | Online
The 6th Task Force Meeting of Technical Note on Shariah-compliant Liquidity Management Tools is scheduled to be held as follow :

Date
28 June 2022

Time
4.30 PM (GMT +8.00, KL time)

Venue
Web-conference / webinar

Participation in the meeting is open to the Task Force members only. For more information, please email to fadhila@ifsb.org.

7th Working Group Meeting on Core Principles for Islamic Finance Regulation (Takaful Segment)
2022-07-19 | Online
The 7th Working Group Meeting on Core Principles for Islamic Finance Regulation (Takaful Segment) is scheduled to be held as follow :

Date
19 July 2022

Time
3.00 PM (GMT +8.00, KL time)

Venue
Web-conference / webinar

Participation in the meeting is open to the Working Group members only. For more information, please email to fadhila@ifsb.org.

Event Snapshots

4th Working Group Meeting on Conduct of Business Supervision in Takaful Undertakings
2022-07-28 | Online
The 4th Working Group Meeting on Conduct of Business Supervision in Takaful Undertakings is scheduled to held as follow :

Date
28 July 2022

Time
3.30 PM (GMT +8.00, KL time)

Venue
via web conference / webinar

Participation in the meeting is open for the Working Group members only. For more information please email to: fadhila@ifsb.org

Event Snapshots

IFSB Sharing of Experience Session
2022-07-28 15:30 - 19:20 UTC | Online

1st Meeting of IFSB IFSI Stability Report 2023 Quality Improvement Committee
2022-08-09 | Online
The 1st Meeting of IFSB IFSI Stability Report 2023 Quality Improvement Committee is scheduled to be held as follow :

Date
9 August 2022

Time
3.15 PM (GMT +8.00, KL time)

Venue
Web-conference / webinar

Participation in the meeting is open to the committee members only. For more information, please email to fadhila@ifsb.org.

IFSB-IILM joint workshop for Central Bank of Nigeria on Islamic Capital Markets
2022-08-22 - 2022-08-25 | Online
This online workshop is jointly organized between IFSB and the International Islamic Liquidity Management (IILM) for the Central Bank of Nigeria to discuss topics related to Islamic capital markets (ICM).
The workshop, which will last for 4 days, will present introductions to Islamic finance and Islamic capital markets before discussing IFSB-19 (Guiding Principles on Disclosure Requirements for ICM Products (Sukuk and ICIS).
The last day in the workshop will be conducted by IILM which will introduce the participants with examples of sukuk issued by IILM as a sharia-compliant liquidity management instrument along with the application of IILM asset structuring.

57th Meeting of the Technical Committee
2022-08-24 - 2022-08-25 | Kuala Lumpur, Kuala Lumpur, Malaysia, Malaysia
The IFSB 57th Meeting of the Technical Committee of the IFSB is scheduled to be held as follows:

Date
24 – 25 August 2022

Location
Kuala Lumpur, Malaysia

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

7th Joint Working Group Meeting on IFSB-AAOIFI Revised Shariah Governance Framework for Institutions Offering Islamic Financial Services (RSGF) - Day 1
2022-08-29 | Online
The 7th Joint Working Group Meeting on IFSB-AAOIFI Revised Shariah Governance Framework for Institutions Offering Islamic Financial Services (RSGF) – Day 1 is scheduled to be held as follow :

Date
29 August 2022

Time
2.30 PM (GMT +8.00, KL Time)

Venue
Web conference / webinar

Participation in the meeting is open to the Working Group members only. For more information, please email to fadhila@ifsb.org.

Event Snapshots

Regulatory and Supervisory Authorities (RSAs) Online Workshops
2022-08-29 - 2022-09-08 | Online
The Regulatory and Supervisory Authorities (RSAs) Workshops is an annual event organized by IFSB and dedicated to all its RSAs Members. These workshops cover topics related to the three main Islamic financial sectors namely Islamic banking, Islamic capital market and Takaful (Islamic insurance). The workshops focus primarily on IFSB prudential and regulatory standards as an endeavor to create awareness regarding the best practices in the light of these standards.
The first set of RSA workshops for this year will be covering Islamic capital market segment during 29-30 August 2022. Beside presenting an outlook for the Islamic capital markets, two IFSB standards will be discussed namely IFSB-26 (Islamic finance Regulation – Islamic financial infrastructure) and IFSB-19 (Disclosure requirements for Islamic capital market products).
The second set of the RSA workshops will be conducted on 5-6 September 2022 for the Islamic banking segment where two IFSB standards will be presented. The first is IFSB-16 (Key elements in supervisory review process of IIFS), while the second standard will be about IFSB-22 (Disclosure to promote transparency and market discipline for IIFS).
Takaful segment will be covered through IFSB-20 (Key elements in supervisory review process for takaful/retakaful) and IFSB-25 (Disclosure to promote transparency and market discipline for takaful/retakaful). This is scheduled on 7-8 September 2022.
All RSAs workshops will be conducted online and are open for IFSB RSAs Members only based on invitations.

Downloadable Document(s)

RSAs Workshop 2022
