6th Meeting of the Task Force on Technical Note on Financial Inclusion that is scheduled to be held as follow: Date : 23 October 2018 Time : 9:00am - 5:00pm Venue : Karachi, Pakistan ( Actual venue will be advise in due course)
1st Meeting of the Working Group on Disclosures to Promote Transparency and Market Discipline for Takāful / Retakāful Undertakings is scheduled to be held as follow: Date : 24 October 2018 Time : 9:00am - 5:00pm Venue : Karachi, Pakistan ( Actual venue will be advise in due course)
2nd Meeting of the Core Principles for Islamic Finance Regulation: Effective Islamic Deposit Insurance Systems (CPIFR-IDIS) Working Group is scheduled to be held as follow: Date : 25 October 2018 Time : 9:30am - 5:00pm Venue : Jakarta, Indonesia
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
The 10th Task Force Meeting on Prudential and Structural Islamic Finance Indicators (PSIFIs) is scheduled to be held as follows: Date : 7 - 8 November 2018 (2 days) Time : 9:30am - 5:30pm Venue : Meeting Room 2, Level 4, Lanai Kijang, Jalan Berjasa, 50480 Kuala Lumpur, Malaysia Participation in the meeting is by invitation only. For more information please email to Ms. Nissa at [email protected]
Theme: Fostering Economic Development and Strengthening Financial Sector Resilience: The Role of Islamic Capital Market Instruments The program intends to facilitate an informed understanding of the participants regarding modern ICM instruments beyond traditional products and their use and role in supporting various developmental and economic/financial aspirations of a jurisdiction. The participants will also benefit through the cross-generation of ideas amongst the seminar audience to identify new innovations in the ICM to further streamline its adoption while also discussing practical measures to address any existing limitations restricting the widespread use and implementation of ICM instruments. Market players and service providers will also gain insights into the operational, Shari’ah and regulatory considerations for offering ICM products and services. For more information please email Mrs. Ida Shafinaz Ab. Malek at [email protected] Event Snapshots Programme - Event Session(s) Date Time Topics Day 1 13/11/2018 08:00 - 08:30 Registration and Networking 08:30 - 08:50 Welcoming and Opening Remarks 08:50 - 09:20 Special Presentation 09:20 - 10:00 Coffee Break and Networking 10:00 - 11:30 Session 1: Panel Discussion on Sukuk - Have We Realised Its True Potential? Progresses made and milestones accomplished to-date in the global Sukuk market Diverse users of Sukuk to meet various economic, developmental and financial needs Issues that remain unaddressed or that are limiting full utilization of Sukuk as an instrument supporting diverse economic and financial needs Efforts to promote harmonization in Sukuk structures to encourage wider cross-border issuances New innovative Sukuk structures utilized for various fund-raising activities Specific case studies and country showcase/presentation on Sukuk market 11:30 - 13:00 Session 2: Panel Discussion on Supporting New Liquidity Regulations - The Role of ICM Instruments New post-crisis liquidity regulations applicable upon financial institutions The challenges in provision of Shari?ah-compliant high-quality liquid assets (HQLA) that satisfy the new regulatory requirements The role of ICM, and Sukuk in particular, to meet these liquidity regulations Shari?ah-compliant structures that can be utilised to issue tradable liquidity management instruments Efforts and opportunities to list and trade ICM instruments in exchanges/bourses Case study examples on liquidity management programmes initiated by specific jurisdictions 13:00 - 14:30 Lunch and Networking 14:30 - 16:00 Session 3: Panel Discussion on The Optimal Balance: Products Innovation, Shariah Requirements, Consumer Protection and Other Regulatory Considerations Various ICM products including equities, Sukuk, Islamic collective investment schemes (ICIS), hedging products, specialised ICIS, asset securitisations, etc. The introduction of FinTech in the ICM (e.g. p2p operators, crowdfunding platforms, robo-advisers, etc) Potential issues of consumer protection, Shari?ah requirements and other regulatory considerations Specific case studies on FinTech products and regulatory sandboxes to encourage innovation and development Future directions for the efficient and smooth innovation, growth and development of the ICM
46th IFSB Technical Committee Meeting is scheduled to be held as follows: Date: 14 November 2018 Time: 9:30am - 5:30pm Venue: Abu Dhabi, United Arab Emirates Participation in the meeting is by invitation only. For more information please email to: [email protected]
The details of the event are as follows: Wednesday, 5 December 2018 Roundtable on Technical Note on Financial Inclusion (TN-3) IFSB Members and Industry Engagement Session Welcome Dinner and 18th Islamic Financial Stability Forum hosted by the Saudi Arabian Monetary Authority Thursday, 6 December 2018 33rd IFSB Council Meeting Participation in the 33rd IFSB Council Meeting and Welcome Dinner is by invitation only. For enquiries, please email Ms. Nissa at [email protected] All other events are OPEN to ALL INTERESTED PARTIES. Please email your enquiries to Mrs. Ida Shafinaz at [email protected] The IFSB and IsDB look forward to welcoming members of the IFSB and Islamic finance industry stakeholders to Jeddah, Saudi Arabia. Event Snapshots Programme - Event Session(s) Date Time Topics Day 1 05/12/2018 ROUNDTABLE ON TECHNICAL NOTE ON FINANCIAL INCLUSION (TN-3) IFSB MEMBERS AND INDUSTRY ENGAGEMENT SESSION WELCOME DINNER AND 18TH ISLAMIC FINANCIAL STABILITY FORUM 08:30 - 09:00 Registration and Welcome Coffee 09:00 - 12:00 Roundtable Session 12:00 - 13:30 Prayer and Lunch 13:30 - 15:00 IFSB Members and Industry Engagement Session 19:30 - 21:30 Welcome Dinner and 18th Islamic Financial Stability Forum Day 2 06/12/2018 33RD IFSB COUNCIL MEETING 08:30 - 12:15 33rd Council Meeting 12:10 - 13:10 Prayer and Lunch 13:10 - 15:45 Continuation of the 33rd Meeting of the Council of the IFSB
The program targets to improve participants understanding on financial inclusion activities in Islamic finance that will support poverty alleviation and income generation objectives of jurisdictions. Market players and service providers will also gain insights into the operational and regulatory considerations for offering Shari’ah-compliant inclusive finance products and services. The Joint Seminar and Workshop is free of charge. Event Snapshots Programme - Event Session(s) Date Time Topics Day 1 11/12/2018 08:30 - 09:00 Registration and Networking 09:00 - 09:30 Opening and Welcoming Remarks 09:30 - 09:45 Keynote Address 09:45 - 10:00 Coffee Break and Networking 10:00 - 12:00 Session 1: Panel Discussion on Unlocking Economic Opportunities and Enabling Livelihood Creation: The Islamic Finance Proposition What are practical measures and modalities through which Sharīʿah-compliant financial inclusion activities can enable jobs and wealth creation in various jurisdictions? How have these modalities been implemented in practice (i.e. specific case studies based on real examples) and what were the challenges faced in these initiatives and measures adopted to address them? How could regulators and standard setting bodies support these measures along with an analysis on the operational matters as well as other legal/intra-jurisdictional cooperation issues that will support smooth implementation of various policies? 12:00 - 13:30 Lunch and prayers 13:30 - 16:30 Session 2: Workshop on Approaching Financial Inclusion through Islamic Finance: Challenges, Opportunities and Solutions Approach to financial inclusion activities in Islamic finance, including Islamic microfinancing, SME financing, Islamic social finance and its integration with commercial Islamic finance Specificities of Islamic financial inclusion activities as well as other operational requirements by service providers that offer Islamic financial inclusion products Role of technology to support financial accessibility Regulatory and legal considerations for offering Shariah-compliant financial inclusion products and services Success factors and challenges in promoting financial inclusion for greater shared prosperity and economic growth 16:30 - 17:00 Coffee and Networking
This 4-day Workshop is tailored for the National Bank of the Kyrgyz Republic. It will discuss the following IFSB Standards: IFSB-17 Core Principles for Islamic Finance Regulation (Banking Segment) IFSB-15 Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services (IIFS) IFSB-12 Guiding Principles on Liquidity Risk Management for IIFS IFSB-03 Guiding Principles on Corporate Governance for IIFS IFSB-10 Guiding Principles on Sharī`ah Governance Systems for IIFS 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. For queries, please contact the IFSB Secretariat, Mr. Esam Osama Al-Aghbari at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 14/01/2019 08:30 - 09:30 Registration, Opening, Welcoming Address and Group Photo 09:30 - 11:00 Session 1 - IFSB-17 : Core Principles for Islamic Finance Regulation (Banking Segment) 11:30 - 13:00 Session 2 - IFSB-17 : Core Principles for Islamic Finance Regulation (Banking Segment) 14:00 - 16:00 Session 3 - IFSB-17 : Core Principles for Islamic Finance Regulation (Banking Segment) Day 2 15/01/2019 09:30 - 11:00 Session 4 - IFSB-15 : Revised Capital Adequacy Standard for IIFS 11:30 - 13:00 Session 5 - IFSB-15 : Revised Capital Adequacy Standard for IIFS 14:00 - 16:00 Session 6 - IFSB-15 : Revised Capital Adequacy Standard for IIFS Day 3 16/01/2019 09:30 - 11:00 Session 7 - IFSB-15 : Revised Capital Adequacy Standard for IIFS 11:30 - 13:00 Session 8 - IFSB-15 : Revised Capital Adequacy Standard for IIFS 14:00 - 16:00 Session 9 - IFSB-12 : Guiding Principles on Liquidity Risk Management of IIFS Day 4 17/01/2019 09:30 - 11:00 Session 10 - IFSB-12 : Guiding Principles on Liquidity Risk Management of IIFS 11:30 - 13:00 Session 11 - IFSB-3 : Guiding Principles on Corporate Governance for IIFS 14:00 - 16:00 Session 12 - IFSB-10 : Guiding Principles on Sharī`ah Governance System for IIFS
27th Meeting of the Arabic Editing Committee is scheduled to be held as follows: Date : 28 January - 1 February 2019 Time : 9.30 am to 5.30 pm Venue : 28 January 2019 - IFSB meeting room Sasana Kijang 29 January to 1 February 2019 - Discussion Room, Lanai Kijang Participation in the meeting is by invitation only. For more information please email: [email protected]
