Name: IFSB-FIS Workshop Series (Lebanon)
Start: 2018-03-26T08:00:00+00:00
End: 2018-03-26T16:30:00+00:00
Location: Gefinor Rotana Hotel

October 2017

October 2, 2017 @ 8:00 AM - 5:00 PM

IFSB Members and Industry Engagement Session

Bank Indonesia, Ruang Serba Guna Menara Syafruddin Prawiranegara, Ruang Serba Guna, Lantai 3, Jalan M.H Thamrin No. 2 Jakarta Pusat, Jakarta Pusat, Indonesia

The IFSB Members and Industry Engagement Session is an initiative by the Secretariat to provide an interactive platform for communication between the key players of the Islamic financial services industry (IFSI), from among the IFSB member and non-member organisations, and the IFSB Secretariat. This Session is held under the auspicious hosting of Bank Indonesia, in collaboration with Otoritas Jasa Keuangan. Mr. M. Anwar Bashori, Head, Department of Islamic Economic and Finance, Bank Indonesia will deliver the Welcome Remarks for the IFSB MIE Session, followed by a presentation by the Acting Secretary-General of the IFSB, Mr. Zahid ur Rehman Khokher on the The Global Islamic Finance Industry and the IFSB. Confirmed panelists in the Interactive Session include: Mr. Ahmad Buchori, Advisor of Strategic Committee and Research Center, Otoritas Jasa Keuangan, Dr. Rifki Ismal, Assistant Director, Islamic Economic and Finance Department, Bank Indonesia, Dr. Nagwa Sheikh Eldin, Assistant Secretary – General, IFSB, Mr. Achmad K. Permana, Secretary General, ASBISINDO (Asosiasi Perbankan Syariah Indonesia). For any queries, please contact Mr. Ifran Tarmizi at [email protected] Programme - Event Session(s) Date Time Topics Day 1 02/10/2017 08:00 - 08:30 Registration 08:30 - 09:00 Coffee Break 09:00 - 09:05 Opening by MC 09:10 - 09:25 WELCOMING REMARKS Mr. M. Anwar Bashori, Head, Department of Islamic Economic and Finance, Bank Indonesia 09:25 - 09:50 THE GLOBAL ISLAMIC FINANCE INDUSTRY AND THE IFSB Mr. Zahid ur Rehman Khokher, Acting Secretary-General, IFSB 09:50 - 11:50 INTERACTIVE SESSION Moderator: Mr. Zahid Ur Rehman Khokher, Acting Secretary - General, IFSB Panelist: Mr. Ahmad Buchori, Advisor of Strategic Committee and Research Center, Otoritas Jasa Keuangan Dr. Rifki Ismal, Assistant Director, Islamic Economic and Finance Department, Bank Indonesia Dr. Nagwa Sheikh Eldin, Assistant Secretary – General, IFSB Mr. Achmad K. Permana, Secretary General, ASBISINDO (Asosiasi Perbankan Syariah Indonesia)

October 10, 2017 @ 9:00 AM - 4:45 PM

IFSB-FIS Workshop for Regulatory and Supervisory Authorities (Takaful Sector)

Training Room 3.3, Sasana Kijang 2, Jalan Dato Onn, Kuala Lumpur, Malaysia

This 3-day Workshop is tailored for the regulatory and supervisory authorities for the Takaful sector, thus intended to be a Train the Trainer Programme for the staff on the IFSB Standards. In general, these Workshops aim 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 these Workshops are by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 10/10/2017 09:00 - 09:30 Registration 09:30 - 09:45 Opening & Welcoming Address Group Photo 09:45 - 11:15 Session 1 - Introduction to Takāful (Islamic Insurance) Introduction to Takāful Takāful Models Issues Faced by Takāful Operators 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2 - IFSB-8: Guiding Principles on Governance for Takāful Undertakings Definition of Takāful Undertaking Why Governance for Takāful Undertakings? Reinforcement of Relevant Good Governance Practices 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3 - IFSB-8: Guiding Principles on Governance for Takāful Undertakings - Cont’d Governance Structure for Participants Procedures for Proper Disclosure Case Study 16:00 - 16:15 Coffee Break Day 2 11/10/2017 09:30 - 11:00 Session 4 - IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Specificities of Takāful Undertakings Relevant to Risk Management Ownership of Risk Fund Significant Risks of Particular Relevance to Takāful 11:00 - 10:30 Coffee Break 11:30 - 13:00 Session 5 - IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Enterprise Risk Management Risk Governance Framework Transparency and Market Disclosure 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6 - IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Key elements in the supervisory review process of risk management for Takāful undertakings Systemic Risk Considerations Case Study 16:00 - 16:15 Coffee Break Day 3 12/10/2017 09:30 - 11:00 Session 7 - Experience Sharing on Regulating Takāful & Retakāful Sector 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 - IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS Structure of the Sharī`ah Governance System Scope of Sharī`ah Governance System Disclosure of Compliance with IFSB-10 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9 - IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS - Cont’d Guiding Principles – Competence and Independence Guiding Principles - Confidentiality and Consistency Case Study 16:00 - 16:15 Closing & Certificate Giving Ceremony 16:15 - 16:45 Coffee Break

October 10, 2017 @ 9:00 AM - October 12, 2017 @ 4:45 PM

IFSB-FIS Workshop for Regulatory and Supervisory Authorities (Islamic Capital Market Sector)

Training Room 3.1 and 3.2, Sasana Kijang 2, Jalan Dato Onn, Kuala Lumpur, Malaysia

This 3-day Workshop is tailored for the regulatory and supervisory authorities for the Islamic Capital Market sector, thus intended to be a Train the Trainer Programme for the staff on the IFSB Standards. In general, these Workshops aim 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 these Workshops are by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at [email protected]. Date Time Topics Day 1 10/10/2017 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 Islamic Equity Market 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 11/10/2017 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 Coffee Break 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 Lunch and Prayer 14:00 - 16:00 Session 6 - 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 16:00 - 16:15 Coffee Break Day 3 12/10/2017 09:30 - 11:00 Session 7 - IFSB-15: Revised Capital Adequacy Standard for IIFS - Cont’d Regulatory Capital for Sukuk in IIFS Capital Requirements for Sukūk Case Study 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 - IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS Structure of the Sharī`ah Governance System Scope of Sharī`ah Governance System Disclosure of Compliance with IFSB-10 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9 - IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS - Cont’d Guiding Principles – Competence and Independence Guiding Principles - Confidentiality and Consistency Case Study 16:00 - 16:15 Closing & Certificate Giving Ceremony 16:15 - 16:45 Coffee Break

October 16, 2017 @ 8:00 AM - October 19, 2017 @ 3:30 PM

IFSB-FIS Workshop Series (Brunei)

Bandar Seri Begawan Bandar Seri Begawan, Bandar Seri Begawan, Brunei Darussalam

his 4-day Workshop and Technical Assistance Programme is tailored for the Autoriti Monetari Brunei Darussalam (AMBD). It will discuss the overview of Islamic finance and cover the following IFSB Standards: IFSB-1 : Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering Islamic Financial Services (IIFS) IFSB-3 : Guiding Principles on Corporate Governance for IIFS IFSB-10 : Guiding Principles on Sharī`ah Governance Systems for IIFS IFSB-17 : Core Principles for Islamic Finance Regulation (Banking 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. Hamizi Hamzah at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 16/10/2017 08:00 - 08:30 Regisration 08:30 - 08:45 Opening Remarks by the IFSB Representatives Group Photo 08:45 - 10:15 Session 1 - Introduction to Islamic Finance Concept of Islamic Finance Contracts in Islamic Finance Structures of Islamic Banking Products Prudential Issues in IIFS 10:15 - 10:30 Coffee Break 10:30 - 12:00 Session 2 - IFSB-1: Guiding Principles of Risk Management for IIFS Understanding of Risk in IIFS Focus on Credit Risk Focus on Equity Investment Risk Focus on Operational Risk 12:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3 - IFSB-1: Guiding Principles of Risk Management for IIFS Focus on Market Risk Focus on Liquidity Risk Focus on Rate of Risk Case Study Day 2 17/10/2017 08:30 - 10:00 Session 4 - IFSB-3: Guiding Principles on Corporate Governance for IIFS Corporate Governance Issues Specific to IIFS General Governance Approach of IIFS Rights of Investment Account Holders (IAHs) Compliance with Sharī`ah Rules and Principles 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 5 - 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 12:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6 - 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 Day 3 18/10/2017 08:30 - 10:00 Session 7 - IFSB-17: Core Principles for Islamic Finance Regulation (Banking Segment) Necessary Preconditions for Effective Supervision Assessment Methodology for CPIFR Responsibilities, Objectives and Powers Independence, Accountability, Resourcing and Legal Protection for Supervisors 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 8 - IFSB-17: Core Principles for Islamic Finance Regulation (Banking Segment) - Cont’d Cooperation and Collaboration Supervisory Approach, Techniques and Tools Treatment of Investment Account Holders (IAHs) Corporate and Sharī`ah Governance Framework 12:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9 - IFSB-17: Core Principles for Islamic Finance Regulation (Banking Segment) - Cont’d Risk Management Process Transactions with Related Parties Transparency and Market Discipline Case Study 16:00 - 16:30 Closing & Certificate Giving Ceremony Day 4 19/10/2017 08:30 - 15:30 Technical Assistance for the AMBD

October 22, 2017 - October 24, 2017

13th IFSB Summit

St Regis Abu Dhabi Hotel Corniche, Nation Towers - 1st St - Al Bateen, Abu Dhabi, United Arab Emirates

The IFSB Summit 2017 was held on 22 to 24 October 2017 at the St Regis Abu Dhabi Hotel, hosted by Central Bank of the United Arab Emirates IFSB Summit 2017 Opening Video Speeches Speech by His Excellency the Governor of the Central Bank of the United Arab Emirates at the IFSB Summit 2017 - Reinvigorating the Momentum of Islamic Finance: Solidifying Resilience and Sustaining Growth Speech by His Excellency the Undersecretary of the Ministry of Economy for Foreign Trade and Industry, United Arab Emiratesat the IFSB Summit 2017 - Reinvigorating the Momentum of Islamic Finance: Solidifying Resilience and Sustaining Growth Opening Remarks: Acting Secretary-General of the IFSB at the IFSB Summit 2017, Abu Dhabi, United Arab Emirates IFSB Summit 2017 Photo Album IFSB Summit 2017 Summit Press Releases 25 October 2017 Unlock Innovation and Embrace Technology – The IFSB Summit 2017 Concludes as the Way Forward for Islamic Finance 24 October 2017 A Resolute Demand – Panellists See Promising Opportunities for Islamic Finance amid Challenges During Day 1 of the IFSB Summit 2017 23 October 2017 UAE’s Central Bank Governor Opens the IFSB Summit 2017 23 October 2017 The IFSB and ISRA Launch Joint Publication on Sharīʻah Requirements Related to Financial Safety Nets 23 October 2017 IFSB Members and Engagement Session during the IFSB Pre-Summit Events 23 October 2017 The IFSB and the World Bank Jointly Publish Book on “Realising the Value Proposition of Takāful Industry for a Stable and Inclusive Financial System” 22 October 2017 The IFSB and IILM Sign MOU to Emphasise on Economic Development in the Islamic Financial Services Industry 22 October 2017 The IFSB and BIBF Reaffirm Collaboration with MOU IFSB Documents Released at the IFSB Summit 2017 September 2017 IFSB-World Bank Joint Publication on Realising The Value Proposition of the Takāful Industry for a Stable and Inclusive Financial System September 2017 IFSB-ISRA Joint Publication on Financial Safety Nets: Striking a Balance between Sharī‘ah Requirements and the Soundness of the Islamic Financial System IFSB Summit 2017 Presentations Speakers and registered participants are able to download softcopies of the Summit presentations from the IFSB Member Zone or the Summit mobile app. Please use the access given to you during the registration to access the presentations. If you have problem downloading, please email: [email protected]. The IFSB member organisations can also access the Summit’s (and other IFSB events) presentations using their organisational access. Please refer to your organisation’s contact person, or email [email protected].

October 22, 2017 @ 8:30 AM - 2:00 PM

IFSB Summit 2017 : Reinvigorating the Momentum of Islamic Finance : Solidifying Resilience and Sustaining Growth

St Regis Abu Dhabi Hotel Corniche, Nation Towers - 1st St - Al Bateen, Abu Dhabi, United Arab Emirates

The IFSB will be organising its IFSB Summit 2017 on 22 - 24 October 2017 in Abu Dhabi, United Arab Emirates. The IFSB Summit 2017 themed, “Reinvigorating the Momentum of Islamic Finance: Solidifying Resilience and Sustaining Growth” will be hosted by the Central Bank of the United Arab Emirates (CBUAE). The IFSB Summit 2017 will take place against the backdrop of a world economy that is undergoing a paradigm shift resulting from the new uncertainties emerging from a changing global geopolitical landscape, evolving monetary policy tightening in the US, sluggish recovery in oil prices and a general uncertainty in economic outlook. These factors, combined with lagged precedents from the earlier years, have contributed towards a general slowdown in the global economy, the impact of which has also been felt across the Islamic financial services industry (IFSI) where some sectors of the industry have been experiencing a slowdown in recent times. The IFSB Summit 2017 seeks to discuss the issues and challenges facing the IFSI in the present conditions with a view to finding opportunities to reinvigorate the growth momentum across the various sectors while solidifying resilience of the institutions offering Islamic financial services. These efforts need to be considered in conjunction with supportive policy reforms by the regulatory and supervisory authorities, particularly at this time of on-going implementation of post-financial crisis strengthened regulatory requirements. Prominent speakers from among regulatory and supervisory authorities, heads as well as senior financial sector supervisors and experts from international financial institutions will be invited to discuss the following sessions: 1.Islamic Finance: From Niche to Mainstream” The FinTech 2.Innovative Progression: Boon or Bane for Traditional Financial Institutions? 3.Implementing New Regulatory Reforms: Balancing between the Soundness and Competitiveness of IIFS”, 4.Islamic Capital Markets: Towards Greater Harmonisation in Cross Border Activities” 5.The Way Forward for Islamic Finance: Strengthening Value Proposition, Sustaining Resilience The Summit welcomes high-level participants from regulatory and supervisory authorities, institutions offering Islamic financial services, international organisations, multilateral development banks, academics, and think tanks among others. The main Summit will be preceded by Pre-Summit events on the 22 October 2017. The full agenda of the Summit and Pre-Summit events are available on the website – www.ifsbsummit2017.com. For more information, please contact the following Secretariats: Pre-Summit and Summit : Ms. Yazmin Aziz ([email protected]) Media : Mrs. Siham Ismail ([email protected]) and Ms. Rosmawatie Abd Halim ([email protected]) Sponsorship Opportunities : Ms. Rosmawatie Abd Halim ([email protected]) Event Snapshots The IFSB Summit 2017 was held on 23 and 24 October 2017 in St. Regis Hotel, Abu Dhabi, United Arab Emirates, hosted by the Central Bank of the United Arab Emirates (CBUAE). It was themed, “Reinvigorating the Momentum of Islamic Finance: Solidifying Resilience and Sustaining Growth”. H.E. Mubarak Rashed Khamis Al Mansoori, the Governor of the CBUAE and host of the IFSB Summit 2017 welcomed the delegates in his welcoming speech and followed by the Acting Secretary-General of the IFSB, Mr. Zahid ur Rehman Khokher who delivered the Opening Remarks. H.E. Abdullah bin Ahmed Al Saleh, the Under-Secretary of the Ministry of Economy for Foreign Trade and Industry, UAE and Mr. Iqbal Ahmad Khan, the Chief Executive Officer of Fajr Capital Limited, UAE were invited to the Summit to deliver the keynote address at the Opening Session of the IFSB Summit 2017. While at the Gala Dinner which was held in the evening of 23 October 2017, the Keynote Address was delivered by Professor Dr. Volker Neinhaus, Professor of Economics, University of Bochum, Germany and Visiting Professor at the ICMA Centre, Henley Business School, University of Reading, United Kingdom. 21 chairpersons and speakers who were deputy and asisstant governors, heads as well as senior financial sector supervisors and experts from international financial institutions participated and panelled the following sessions: Islamic Finance: From Niche to Mainstream The FinTech Innovative Progression: Boon or Bane for Traditional Financial Institutions? Implementing New Regulatory Reforms: Balancing between the Soundness and Competitiveness of IIFS Islamic Capital Markets: Towards Greater Harmonisation in Cross Border Activities The Way Forward for Islamic Finance: Strengthening Value Proposition, Sustaining Resilience The IFSB Summit 2017 saw the participation of key Islamic financial services industry leaders, from among regulatory and supervisory authorities, international and regional multilateral organisations, financial institutions from over 25 countries as well as the local UAE financial community. Programme - Event Session(s) Date Time Topics Day 1 22/10/2017 PRE-SUMMIT EVENTS 08:30 - 17:00 Exhibition 08:30 - 09:45 Pre-Summit Event 1: IFSB Members and Industry Engagement Session 09:45 - 10:30 Pre-Summit Event 2 : Industry Development Session by International the Islamic Liquidity Management Corporation Theme : Regulators’ Response Towards Specific Market Enhancement – The IILM Case Study Speaker: Abdoul Aziz Ba, Acting Chief Executive Officer, International Islamic Liquidity Management Corporation 10:30 - 11:00 Coffee Break 11:00 - 12:30 Pre-Summit Event 3 : Country Showcase by Dubai Islamic Economy Development Centre Theme : "Development Overview Of Islamic Finance In the United Arab Emirates" Speaker: Saeed Mubarak Kharbash, (designation)Dubai Islamic Economy Development Centre 12:30 - 13:30 Lunch 13:30 - 16:00 Pre-Summit Event 4 : Malaysia Country Showcase by the Malaysia International Islamic Financial Centre and Finance Accreditation Agency Welcoming Remarks: Marzunisham Omar, Assistant Governor, Bank Negara Malaysia Panel Discussion 1: Build to Last: Roles of Professional Ancillary Services Moderator: Rafe Haneef, Chief Executive Officer, CIMB Islamic Bank Panelists: Dr. Mohd Daud Bakar, Chairman of the Shariah Advisory Councils of Malaysia / Founder and Group Chairman of Amanie Group, Dr. Nik Norzrul Thani, Senior Partner. Zaid & Ibrahim Co., and Professor Dr. Mohammad Azmi Omar Launch of Finance Accreditation Agency’s Islamic Finance Professional Qualification Structure by Marzunisham Omar, Assistant Governor, Bank Negara Malaysia Panel Discussion 2: Raising the Bar of Islamic Finance Professionals Moderator: Khairul Nizam, Chief Executive Officer, Finance Accreditation Agency Panelists: Wan Abdul Rahim Kamil, ICM Consultant, Finance Accreditation Agency 16:00 - 16:30 Coffee Break 20:00 - 22:00 Summit Welcome Dinner Hosted by the Central Bank of the UAE Emirates Palace Abu Dhabi Day 2 23/10/2017 IFSB SUMMIT 2017 (DAY 1) 08:30 - 17:30 Exhibition 08:30 - 09:30 Registration and Welcome Coffee 09:30 - 10:30 Opening & Keynote Session 10:30 - 11:00 Coffee Break & Networking

November 2017

November 13, 2017 @ 9:00 AM - November 17, 2017 @ 2:30 PM

IFSB-FIS Workshop for Regulatory and Supervisory Authorities (Banking Sector)

Training Room 3.1 and 3.2, Sasana Kijang 2, Jalan Dato Onn, Kuala Lumpur, Malaysia

This 5-day Workshop is tailored for the regulatory and supervisory authorities for the banking sector, thus intended to be a Train the Trainer Programme for the staff on the IFSB Standards. 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. Participation in this Workshop is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 13/11/2017 09:00 - 09:30 Registration 09:30 - 09:45 Opening & Welcoming Address and Group Photo 09:45 - 11:15 Session 1 - IFSB-17: Core Principles for Islamic Finance Regulation (Banking Segment) Necessary Preconditions for Effective Supervision Assessment Methodology for CPIFR Responsibilities, Objectives and Powers Independence, Accountability, Resourcing and Legal Protection for Supervisors 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2 - IFSB-17: Core Principles for Islamic Finance Regulation (Banking Segment) - Cont’d Cooperation and Collaboration Supervisory Approach, Techniques and Tools Treatment of Investment Account Holders (IAHs) Corporate and Sharī`ah Governance Framework 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3 - IFSB-17: Core Principles for Islamic Finance Regulation (Banking Segment) - Cont’d Risk Management Process Transactions with Related Parties Transparency and Market Discipline Case Study 16:00 - 16:15 Coffee Break Day 2 14/11/2017 09:30 - 11:00 Session 4 - IFSB-15: Revised Capital Adequacy Standard for IIFS Components of Capital Capital Conservation Buffer Countercyclical Buffer Domestic Systemically Important Banks 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5 - IFSB-15: Revised Capital Adequacy Standard for IIFS - Cont’d Credit Risk Weights for Various Counterparties Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Past Due Receivables & Other Assets 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6 - IFSB-15: Revised Capital Adequacy Standard for IIFS - Cont’d Credit Risk Mitigation Recognition of Ratings by External Credit Assessment Institution Group Exercise on Leverage Ratio Group Exercise on Countercyclical Buffer 16:00 - 16:30 Coffee Break Day 3 15/11/2017 09:30 - 11:00 Session 7 - IFSB-15: Revised Capital Adequacy Standard for IIFS - Cont’d Understanding the Market Risk in Islamic Finance Policies and Procedures for Market risk Guidance on Valuation Practices Calculation of Capital Requirements for Market risk 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 - IFSB-15: Revised Capital Adequacy Standard for IIFS - Cont’d Overview of Operational Risk Understanding Operational Risk in Islamic Finance Measuring Operational Risks Case Studies on Legal Risk and Shariah Non-compliant Risk 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9 - IFSB-15: Revised Capital Adequacy Standard for IIFS - Cont’d Group Exercise on Operational Risk Group Exercise on Market Risk 16:00 - 16:30 Coffee Break Day 4 16/11/2017 09:30 - 11:00 Session 10 - GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management Application of the LCR in IIFS Definition and Categorisation of High Quality Liquid Assets (HQLA) Operational Considerations for HQLA Infrastructure Issues in the Availability of Sharī`ah-compliant HQLA 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 11 - GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management - Cont’d Components of Total Net Cash Outflows Formula for Calculating NSFR Available and Required Stable Funding Case Study 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 12 - GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management - Cont’d The Internal Liquidity Adequacy Assessment Processes & Supervisory Liquidity Review Process Principles for Applying Alternative Liquidity Approaches Disclosure Requirements for LCR and NSFR Case Study 16:00 - 16:30 Coffee Break Day 5 17/11/2017 09:30 - 10:30 Experience Sharing by International Islamic Liquidity Management Corporation 10:30 - 10:45 Coffee Break 10:45 - 12:00 Session 14 - Experience Sharing on the IFSB Standards’ Implementation 12:00 - 12:15 Closing & Certificate Giving Ceremony 12:15 - 14:30 Lunch and Prayer

December 2017

December 11, 2017 @ 3:00 PM - 5:30 PM

16th Islamic Financial Stability Forum : Recovery, Resolution and Insolvency for Institutions Offering Islamic Financial Services (IIFS)

Lanai Kijang Kuala Lumpur, Malaysia

January 2018

January 15, 2018 @ 8:30 AM - January 18, 2018 @ 4:45 PM

IFSB-FIS Workshop Series (Pakistan)

Pearl Continental Club Rd، opposite PIDC, Civil Lines, Karachi, Pakistan

This 4-day Workshop and is tailored for the State Bank of Pakistan and the Islamic banking institutions in Pakistan. The Workshop is supported by the Islamic Development Bank and it will cover the following IFSB Standards and publications: IFSB-15 : Revised Capital Adequacy Standard for Institutions offering Islamic Financial Services (IIFS) IFSB-12: Guiding Principles on Liquidity Risk Management for IIFS GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management in IIFS TN-2: Technical Note on Stress Testing for IIFS WP-01: Strengthening the Financial Safety Net: The Role of Sharī`ah-compliant Lender-of Last-Resort (SLOLR) Facilities as an Emergency Financing Mechanism WP-06: Strengthening the Financial Safety Net: The Role and Mechanisms of Sharīʻah-compliant Deposit Insurance Schemes (SCDIS) 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. Hamizi Hamzah at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 15/01/2018 08:30 - 09:00 Registration 09:00 - 09:30 Welcoming Remarks and Group Photo 09:30 - 11:00 Session 1: IFSB-15: Revised Capital Adequacy Standard for IIFS Capital Adequacy Ratio Components of Capital Treatment of PSIA, PER and IRR Regulatory Adjustments and Deductions 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2: IFSB-15: Revised Capital Adequacy Standard for IIFS (Cont’d) Credit Risk Weights for Various Counterparties Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Past Due Receivables & Other Assets 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 3: IFSB-15: Revised Capital Adequacy Standard for IIFS (Cont’d) Credit Risk Mitigation Credit Risk Mitigation Techniques Commonly Used by IIFS Credit Risk Mitigation Approaches Group Exercise Day 2 16/01/2018 09:30 - 11:00 Session 4: IFSB-15: Revised Capital Adequacy Standard for IIFS (Cont’d) Understanding the Market Risk in Islamic Finance Policies and Procedures for Market risk Guidance on Valuation Practices Group Exercise 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5: IFSB-15: Revised Capital Adequacy Standard for IIFS (Cont’d) Overview of Operational Risk Understanding Operational Risk in Islamic Finance Measuring Operational Risks Group Exercise 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 6: WP-01 and WP-06: Working Papers on SLOLR and SCDIS Sharī`ah Perspective on LOLR and Sharī`ah Issues in LOLR Potential Structures for Developing the SLOLR Facility Sharīʻah-compliant Deposit Insurance Current Status And Supervisory Assessment of SCDIS Day 3 17/01/2018 09:30 - 11:00 Session 7: IFSB-12: Guiding Principles on Liquidity Risk Management of IIFS Liquidity Risk and Liquidity Risk Management Role of the Board of Directors Identification and Measurement of Liquidity Risk Interactions of Liquidity Risk and Implications of Islamic Financing Contracts 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8: IFSB-12: Guiding Principles on Liquidity Risk Management of IIFS (Cont’d) Managing Sharī`ah-Compliant Collateral Foreign Exchange Liquidity Risk Reporting and Disclosure of Liquidity Risk Guiding Principles for Supervisory Authorities 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 9: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management Application of the LCR in IIFS Definition and Categorisation of High Quality Liquid Assets (HQLA) Infrastructure Issues in the Availability of Sharī`ah-compliant HQLA Components of Total Net Cash Outflows Day 4 18/01/2018 09:30 - 11:00 Session 10: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management (Cont’d) Formula for Calculating NSFR Available and Required Stable Funding Role of Supervisory Authorities Case Study 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 11: TN-2: Stress Testing for IIFS Basic Requirements For Islamic Banks Stress Tests Solvency Stress Testing for Islamic Banks Role of RSAs and Critical Considerations Liquidity Risk of Islamic Banks 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 12: TN-2: Stress Testing for IIFS (Cont’d) Liquidity Stress Testing for Islamic Banks Stress Test Designs and Models Recent Developments In Stress Tests Case Study 16:30 - 16:45 Closing & Certificate Giving Ceremony

February 2018

February 12, 2018 - February 15, 2018

IFSB-FIS Workshop Series (Tunisia)

Central Bank of Tunisia PQQ3+MWM, شارع 14 جانفي, Sfax, Tunisia

March 2018

March 6, 2018 @ 8:30 AM - March 7, 2018 @ 5:00 PM

12th IFSB-INCEIF Executive Forum: Preserving Wealth and Generating Long-term Value through Islamic Finance

Training Room 3.3. and 3.4, Level 3, Sasana Kijang 2, Jalan Dato Onn, Kuala Lumpur, Malaysia

Themed Preserving Wealth and Generating Long-term Value through Islamic Finance. The Executive Forum aims to provide a discourse on tailored-opportunities and appropriate strategies for the stakeholders of the Islamic finance industry going forward to fully realise the potential of Islamic finance in meeting the longer-term financial aspirations of the society. The sessions of the Forum will discuss different focus areas revolving around the role of Islamic finance to preserve wealth and create long-term value. Among the topics are a)the role of wealth management from an Islamic perspective, b)the role of the Takāful sector in offering innovative products to support long-term financial sustenance for individuals, c)Sharīʻah-compliant opportunities for retirement planning and wealth management, d)realising long-term societal development through social contracts in Islamic finance and e)regulator’s role in promoting risk management practices and facilitating innovation in the Islamic fund industry. The Executive Forum is a paying event. Special rates are offered to all member of the IFSB. Enjoy "50% discount on the third participant when you register 3 participants from the same organisation". (Not applicable to subsidiaries and affiliated companies) For registration and quiries, please email Mrs. Ida Shafinaz Ab. Malek at [email protected] Event Snapshots Programme - Event Session(s) Day 1 06/03/2018 08:30 - 09:30 Morning Coffee and Registration 09:30 - 09:45 Opening Address 09:45 - 11:15 Session 1: Realising Long-Term Societal Development through Social Contracts in Islamic Finance | Dr. Ziyaad Mahomad, Assistant Professor, INCEIF Contracts for Societal Development in Islamic Finance and their Potential Integration into the Commercial Islamic Finance Industry Adopting Waqf as a New Growth Driver to Broaden and Strengthen the Longer-term Development of the Society. Case Studies on Utilising Awqaf to Promote Longer-term Economic Development (MUIS Singapore, Zam Zam Tower Makkah, etc.) 11:15 - 11:45 Group Photo and Coffee Break 11:45 - 13:15 Session 2: Long-term Financial Sustenance of Individuals through Takaful | Nor Azman Zainal, Chief Executive Officer, Prudential BSN Takaful Berhad | Product Diversity and Innovation for the Long-term Investment Products Need for Financial Protection in the Globalised World – e.g. Healthcare, Mortality, Children’s Education, etc. Products and Innovative Offerings by the Takaful Industry Enhancing Market Access and Meeting Customers’ Needs Going Forward – Opportunities and Threats, Impediments and Solutions 13:15 - 14:30 Lunch 14:30 - 16:30 Session 3: Interactive Session: Retirement Planning - The Next Frontier for the Islamic Finance Industry | Syed Hamadah Othman, Partner, Actuarial Partners Consulting Sdn Bhd, | Datuk Shahril Ridza Ridzuan,CEO, Employees Provident Fund Financial Awareness and Literacy on Retirement Planning Shari’ah-compliant Opportunities for Management of Retirement Funds The Importance of Starting Early Retirement Planning Case Study 16:30 - 17:00 Coffee break Day 2 07/03/2018 08:30 - 09:30 Morning Coffee 09:30 - 11:00 Session 4: Inter-generational Wealth Management and Legacy Planning: Fulfilling Maqasid Al-Shariah | Aderi Adnan, Director, Business Development, Labuan IBFC | Trust Structures and Foundations for Islamic Wealth Management Legacy Planning and Services by Islamic Financial Institutions Case Study 11:00 - 11:30 Coffee Break and Networking 11:30 - 13:00 Session 5: The Role of Wealth Management from an Islamic Perspective | Monem Salam, President, Saturna Sdn. Bhd. Economic Trends and the Driving Demand for Wealth Management Services Identifying the Value Propositions of Islamic Wealth Management Wealth Management Solutions: Managing the Complexity of Wealth Preservation and Asset Planning Products and Solutions Offered by Islamic Funds Constraints and Impediments Faced by Islamic Funds Industry 13:00 - 14:00 Lunch 14:00 - 16:00 Session 6: Panel Discussion: Regulatory Regime for Fund Management and Pension Schemes: Avoiding a Social Economic Disorder | Prof. Dato Dr. Azmi Omar, PCEO, INCEIF, Mohammad Ridzuan Abdul Aziz, CEO, Sedania Al Salam, Zulkifli Ishak, Director, I-VCAP Managing Risk in the Islamic Fund Industry - Supervision and Enhancing Disclosure Regulator Role in Facilitating Innovation and Fostering the Emergence of Market Segments, Products and Services The Rise of the Digital Generation (Robo advisers, Equity Crowdfunding, Peer-to-peer Financing Platforms etc.) Regulatory Perspective 16:00 - 16:30 Closing & Certificate Giving Ceremony 16:30 - 17:00 Coffee break

March 26, 2018 @ 8:00 AM - 4:30 PM

IFSB-FIS Workshop Series (Lebanon)

Gefinor Rotana Hotel Clemenceau Street, Beirut, Lebanon

This 4-day Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for the regulatory and supervisory authorities and the market players for the banking sector. It will be hosted by Banque du Liban and will cover the following IFSB Standards and publications: IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS IFSB-15: Revised Capital Adequacy Standard for IIFS IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS 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. Hamizi Hamzah at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 26/03/2018 08:00 - 08:30 Registration 08:30 - 09:00 Welcoming Remarks and Group Photo 09:00 - 10:30 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 Equity Investment Risk Focus on Operational Risk 10:30 - 11:00 Coffee Break 11:00 - 12:30 Session 2 - IFSB-1: Guiding Principles of Risk Management for IIFS (Continued) Focus on Market Risk Focus on Liquidity Risk Focus on Rate of Return Risk Case Study 12:30 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3 - IFSB-15: Revised Capital Adequacy Standard for IIFS Capital Adequacy Ratio Components of Capital Treatment of PSIA, PER and IRR Regulatory Adjustments and Deductions Day 2 27/03/2018 09:00 - 10:30 Session 4 - IFSB-15: Revised Capital Adequacy Standard for IIFS (Continued) Credit Risk Weights for Various Counterparties Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Past Due Receivables & Other Assets 10:30 - 11:00 Coffee Break 11:00 - 12:30 Session 5 - IFSB-15: Revised Capital Adequacy Standard for IIFS (Continued) Credit Risk Mitigation Credit Risk Mitigation Techniques Commonly Used by IIFS Credit Risk Mitigation Approaches Recognition of Ratings by External Credit Assessment Institution 12:30 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6 - IFSB-15: Revised Capital Adequacy Standard for IIFS (Continued) Understanding the Market Risk in Islamic Finance Policies and Procedures for Market risk Guidance on Valuation Practices Group Exercise Day 3 28/03/2018 09:00 - 10:30 Session 7 - IFSB-15: Revised Capital Adequacy Standard for IIFS (Continued) Overview of Operational Risk Understanding Operational Risk in Islamic Finance Measuring Operational Risks Group Exercise 10:30 - 11:00 Coffee Break 11:00 - 12:30 Session 8 - 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 12:30 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9 - IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS (Continued) 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 Day 4 29/03/2018 09:00 - 10:30 Session 10 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Supervisory Preconditions, Criteria and Approaches for Effective Supervision of IIFS Key Elements in the Supervisory Review Process of IIFS Regulatory Capital Requirements Treatment of Investment Account Holders (IAH) and Displaced Commercial Risk 10:30 - 11:00 Coffee Break 11:00 - 12:30 Session 11 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS (Continued) Internal Capital Adequacy Assessment Process Islamic Windows Operations Assessment of Additional Issues Supervisory Transparency and Accountability 12:30 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 12 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS (Continued) Governance and Risk Management Transparency and Market Discipline Consolidated and Home-host Supervision Case Study 16:00 - 16:30 Closing Remarks & Certificate Giving Ceremony