45th IFSB Technical Committee Meeting is scheduled to be held as follow: Date : 19 July 2018 Time : 9:30am - 5:30pm Venue : Kuala Lumpur Malaysia Participation in the meeting is by invitation only. For more information please email to : [email protected] Event Snapshots
This 5-day Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for Conseil Régional de lEpargne Publique et des Marchés Financiers (CREPMF). It will cover the following IFSB Standards: Introduction to Islamic Finance Introduction to Islamic Capital Market (ICM) IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes (ICIS) IFSB-9: Guiding Principles on Conduct of Business for IIFS IFSB-15: Revised Capital Adequacy Standard for IIFS – Sukūk and Securitisation IFSB-19: Guiding Principles on Disclosure Requirements for ICM Products (Sukūk and ICIS) ED-21: Exposure Draft (ED) on Core Principles for Islamic Finance Regulation (ICM Segment) 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. Participation in this event is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Esam Osama Al-Aghbari [email protected]. Programme - Event Session(s) Date Time Topics Day 1 23/07/2018 08:30 - 09:00 Registration 09:00 - 09:30 Welcoming Remarks and Group Photo 09:30 - 11:00 Session 1- IFSB-1: Guiding Principles of Risk Management for Institutions offering Islamic Financial Services (IIFS) Understanding of Risks in IIFS Focus on Credit Risk Focus on Operational Risk 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2- IFSB-1: Guiding Principles of Risk Management for IIFS (Continued) Focus on Market Risk Focus on Liquidity Risk Case Study 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 3- IFSB-15: Revised Capital Adequacy Standard for IIFS Features of Sukūk and Securitisation in Sukūk Role of IIFS in Sukūk Securitisation Credit Enhancement and Assets in Securitisation Day 2 24/07/2018 09:30 - 11:00 Session 4- ED-21: Core Principles for Islamic Finance Regulation (ICM Segment) The Need for Core Principles Principles Relating to the Regulator Principles related to Sharīʻah Governance 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5- ED-21: Core Principles for Islamic Finance Regulation (ICM Segment) (Continued) Principles for the Enforcement of Securities Regulation Principles for Issuers Principles for Auditors, Credit Ratings Agencies, and Others 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 6- ED-21: Core Principles for Islamic Finance Regulation (ICM Segment) (Continued) Principles for Collective Investment Schemes Principles for Market Intermediaries Principles for Secondary and Other Markets Day 3 25/07/2018 09:30 - 11:00 Session 7 Introduction to Islamic Finance Concept and Framework in Islamic Finance Contracts in Islamic Finance Prudential Issues in IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8- Introduction to Islamic Capital Market (ICM) ICM Development - Issues and Challenges Sukuk: Background, Structures and Issues Islamic Equity Market 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 9 Introduction to ICM (Continued) ICIS Islamic Hedging Products Case Study Day 4 26/07/2018 09:30 - 11:00 Session 10- IFSB-6: Governance for Islamic Collective Investment Schemes (ICIS) ICIS Overview Motivating Factors for the Governance of ICIS Guiding Principles on Governance for ICIS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 11- IFSB-6: Governance for ICIS (Continued) Compliance with Sharī`ah Rules and Principles Additional Protection for ICIS Investors Case Study 13:00 - 14:30 Lunch and Prayer 14:30 - 16:00 Session 12- IFSB-9: Guiding Principles on Conduct of Business for IIFS Truthfulness, Honesty and Fairness Information About Clients Conflict of Interest and of Duty Day 5 27/07/2018 09:00 - 10:15 Session 13- IFSB-19: Guiding Principles on Disclosure Requirements for ICM Products (Sukūk and ICIS) Common General Principles General Disclosure Principles Applicable to Sukūk Sharīʻah and Structure-related Disclosures for Sukūk 10:15 - 10:30 Coffee Break 10:30 - 11:30 Session 14- IFSB-19: Guiding Principles on Disclosure Requirements for ICM Products (Sukūk and ICIS) (Continued) Sharīʻah and Operations-related Disclosures for ICIS Specialist ICIS Disclosure Case Study 11:30 - 12:00 Closing Remarks & Certificate Giving Ceremony 12:00 - 15:00 Jumaah Prayer and Lunch Downloadable Document(s) Event Session(s) - PDF Format
The 26th Arabic Editing Committee Meeting is scheduled to be held as follows: Date: 27 August - 02 September 2018 Time: 9:30 am - 5:30 pm Venue: Kuala Lumpur, Malaysia Participation in the meeting is by invitation only. For more information please email to: [email protected]
This 4-day Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for the regulatory and supervisory authorities for the banking sector. It will be hosted by the Arab Monetary Fund. Participation in this Workshop is opened to REGULATORS only. In general, 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].
The 1st Working Group Meeting on Revised Capital Adequacy Standard for the Islamic Banking Sector that is scheduled to be held as follow: 1st Working Group Meeting on Revised Capital Adequacy Standard for the Islamic Banking Sector Date : 3 September 2018 Time : 9:30am - 5:00pm Venue : Executive Meeting Room, Level 5 Sasana Kijang Bank Negara, Jalan Dato Onn, Kuala Lumpur Malaysia.
The Islamic Development Bank (IsDB) Group Shariah Board Meeting is scheduled to be held as follows: Date: 10-21 September 2018 Time: 9:30 am - 5:30 pm Venue: Kuala Lumpur, Malaysia Participation in the meeting is by invitation only. For more information please email to: [email protected]
This 2-day Capacity Building for Market Players (CBM) Workshop is tailored for IFSB’s Observer Members who are the market players in the banking sector. Mr. Ahmed Barakat (email: [email protected]) is the person in charge of these Workshops and he will be pleased to respond to any enquiries.
This 3-day Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for the regulatory and supervisory authorities for the Takaful sector. In general, 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].
This 3-day Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for the regulatory and supervisory authorities for the Islamic Capital Market (ICM) sector. Participation in this Workshop is opened to REGULATORS only. In general, 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. Mr. Esam Osama Al-Aghbari at [email protected].
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 Islamic Development Bank (IsDB) Group Shariah Board Meeting is scheduled to be held as follows: Date: 18-19 October 2018 Time: 9:30 am - 5:30 pm Venue: Muscat, Oman Participation in the meeting is by INVITATION only. For more information please email to: [email protected]
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
