The 3rd edition IFSB-BIBF Islamic Finance Executive Programme with the theme “Fintech, Regtech and Islamic Finance” will focus on the role of Fintech in the Islamic finance industry, the threats and regulatory challenges that Fintech impose on the industry. This Islamic Finance Executive Programme aims to address the rise of Fintech in the Islamic finance industry, highlighting both the opportunities and challenges of new Fintech products in the market. The programme will shed light on the new innovative digital products in Islamic finance, the application of Blockchain technology and Shariah opinion in Cryptocurrencies. It will also discusses the role of Regulatory and Supervisory Authorities (RSAs) in regulating Fintech and the need for a wide-ranging reconceptualization of financial regulation in an era of technology-enabled finance, Cybersecurity threats, Consumer Protection measures along with risk management practices by Fintech providers are among the topics that will deliberated by panellists on this programme. For more information on this Islamic Finance Executive Programme, please email Mrs. Ida Shafinaz Ab. Malek at [email protected]   Programme - Event Session(s) Date Time Topics Day 1 17/10/2018 08:30 - 09:30 Morning Coffee and Registration 09:30 - 09:45 Opening & Welcoming Address 09:45 - 11:00 Session 1: Digital Products and Islamic Finance Innovation and products in the financial industry Product Case Study ? Digital wallets and payment solutions 11:00 - 11:30 Group Photo and Coffee Break 11:30 - 13:00 Session 2: Application of Blockchain in Islamic Finance Use cases of BlockChain for the financial sector Product Case Study Shariah opinion in Cryptocurrency 13:00 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 3: Moderated Session: Regulatory and Legal Framework for Fintech Role of Regulatory and Supervisory Authorities (RSAs) Challenges in regulating Fintech Providers and stakeholders involved Specific country experience in regulating Fintech Sufficient resources to supervise Fintech companies 15:30 - 16:00 Coffee Break and Networking Day 2 18/10/2018 08:30 - 09:30 Morning Coffee 09:30 - 11:00 Session 4: Fintech and Risk Management  Impact of Fintech strategies on the management of risks by financial institutions 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5: Cybersecurity Threats and Protection of Financial Assets and Consumer Protection in Fintech Cybersecurity and key threats to financial stability Mechanisms used by Fintech providers to deal with cyber incidents Role of regulators to deal with cyber incidents Protection of Consumer Data and Privacy Financial Education and Awareness Disclosure and Transparency Protection of Consumer Assets against Fraud and Misuse 13:00 - 14:00 Lunch and Prayers 14:00 - 16:00 Session 6: Panel Discussion on Digitization of the insurance industry and learnings for the Takaful industry  Innovation and new products in the insurance industry Creating a seamless experience for customers Learnings for the Takaful sector 16:00 - 16:30 Closing & Certificate Giving Ceremony 16:30 - 17:00 Coffee Break   Downloadable Document(s) Event Session(s) - PDF Format

The Pakistan Islamic Finance Industry Engagement Session is an initiative by the IFSB Secretariat to provide an interactive platform for communication between the various Islamic financial services industry stakeholders and the IFSB Secretariat. In this one-day session, the IFSB will provide an update on the progress and developments of the global Islamic financial services industry, and enable the participants to interact and exchange views on the prospects and challenges of Islamic finance in Pakistan, in-line with the workstream and mandate of the IFSB. Participants will also benefit from a thematic technical workshop which will feature discussions on recent innovations in Sukuk structures and its utilisation by the Islamic financial services industry.   Programme - Event Session(s) Date Time Topics Day 1 22/10/2018 09:00 - 09:30 Registration 09:30 - 09:45 Welcoming Address SPEAKER: H.E. Tariq Bajwa, Governor - State Bank of Pakistan 09:45 - 10:10 Presentation on Global Islamic Finance and the IFSB SPEAKER: Dr. Bello Lawal Danbatta, Secretary-General, IFSB 10:10 - 11:00 Interactive Session on Islamic Finance in Pakistan: Issues, Challenges and the Way Forward  SPEAKERS Dr. Bello Lawal Danbatta, Secretary-General, IFSB Mr. Zahid ur Rehman Khokher, Assistant Secretary-General, IFSB Mr. Ghulam Muhammad Abbasi, Director - Islamic Banking Department, State Bank of Pakistan 11:00 - 11:30 Coffee Break 11:30 - 13:00 Thematic Workshop - Session 1: Introduction to Sukuk: Structures and Utilisation SPEAKER: Mr. Syed Faiq Najeeb, Head of Standards Development, IFSB 13:00 - 14:30 Lunch and Prayer Break 14:30 - 16:30 Thematic Workshop - Session 2: Recent Innovation and Market Gaps: New Frontiers for Sukuk SPEAKER: Mr. Syed Faiq Najeeb, Head of Standards Development, IFSB   Downloadable Document(s) Event Session(s) - PDF Format

Themed "Effective Risk Management Oversight and Governance of Islamic Banks", the IFSB Executive Forum which is targeted at Board of Directors and senior management aims to:   Identify the emerging issue in risk management oversight and governance of Islamic banks for the board of directors and senior executives Discuss and share experiences related to governance and oversight of the management of core risk areas, particularly the specific risk aspects of Islamic banks relating to credit, operational, liquidity and market risks as well as Shariah and legal risks in documentation and structuring of Islamic finance products Identify relevant features, criteria, policies and regulation pertaining to risk issues in Islamic banks, current challenges in risk oversight and governance of Islamic banks, in the context of best practices and principles/Standards for effective management and governance of Islamic bank   At the end of the 2-day Executive Forum, participants will be able to achieve a greater understanding of risk oversight and governance issues for effective risk management of Islamic banks through shared industry experiences and best practices, and the application of relevant IFSB Standards. For registration and quiries, please email Mrs. Ida Shafinaz Ab. Malek at [email protected]   Event Snapshots   Programme - Event Session(s) Date Time Topics Day 1 29/10/2018 08:30 - 09:30 Networking Coffee and Registration 09:30 - 09:45 Opening and Welcoming Remarks 09:45 - 10:00 Introduction to the IFSB 10:00 - 11:00 Session 1: Risk Governance of Islamic Banks and Regulatory Compliance (Moderated Session) What are the prevalent practices and critical challenges in oversight of risk management, by the BOD and senior management? What are the new perspectives, industry trends and opportunities for effective governance of risk management for Islamic banks? What are the key considerations in complying with global regulatory requirements? 11:00 - 11:30 Group Photo and Coffee Break 11:30 - 13:00 Session 2: Case Studies on Oversight of Operational, Sharīʿah-compliance and Legal Risks: Issues and Challenges  What is the impact of the evolving operational risk profile of financial institutions? What are the unique oversight challenges for Sharīʿah non-compliance risk management? What is the impact of legal frameworks on product development for Islamic banks? What are the implications of non-robust Sharīʿah and legal frameworks? How can the BOD and senior management overcome compliance challenges in the above respects and strengthen their internal control systems? 13:00 - 14:30 Lunch and Prayers 14:30 - 16:00 Session 3: Risk Governance and Oversight: Role of the Board and Risk Committee. How can the elements of governance, risk and compliance be integrated towards more effective BOD oversight? What are the considerations in setting the BOD?s expectations for risk management and internal controls? How do you effectively assess the performance of chief risk officers and internal audit functions? How do you minimise the overlaps in responsibilities of the Governance, Risk Management and Audit Committees? 16:00 - 16:30 Coffee and Refreshments Day 2 30/10/2018 08:30 - 09:30 Networking Coffee 09:30 - 10:00 IFSB Presentation on PSIFIs 10:00 - 11:00 Session 4: Case Studies on Oversight of Financial Risk Management: Credit, Market, Liquidity and Equity Risks of Islamic Banks  Introductory presentation: Global Perspectives and IFSB Standards Case studies and experience sharing: How do the specific risk features for Islamic banks impact governance? What are the unique considerations and challenges faced in governance structures for oversight of financial risk management of Islamic banks? What are the challenges faced in complying with regulatory requirements for financial risks? 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5: Role of Transparency and Disclosure in Effective Risk Governance (Panel Discussion) What is the link between effective risk governance and a robust transparency and disclosure environment? What are the new regulatory requirements and how do they impact Islamic banks? (Basel III/IFSB disclosure Standards/Others) What are the challenges faced by institutions in complying with new disclosure regimes and reporting requirements? How can the BOD and senior management contribute to improvements in transparency and disclosure of Islamic banks? 13:00 - 14:30 Lunch 14:30 - 16:00 Session 6: Panel Discussion: The Next Phase in Risk Management and Governance for Islamic Banks What has changed? What are the emerging challenges and trends? What areas should the BOD focus on? What are the barriers to effective risk oversight of Islamic banks for the BOD and senior management? What is the forward vision and emerging best practices in addressing the key risk governance issues? 16:00 - 16:30 Closing & Certificate Giving Ceremony   Downloadable Document(s) Event Session(s) - PDF Format Brochure - IFSB Executive Forum