Name: 13th IFSB Summit
Start: 2017-10-22T00:00:00+00:00
End: 2017-10-24T23:59:59+00:00
Location: St Regis Abu Dhabi Hotel

April 2017

April 4, 2017 @ 8:30 AM - April 6, 2017 @ 5:30 PM

Seminar on Islamic Finance and Regulation

Sasana Kijang, Bank Negara Malaysia 2, Jalan Dato Onn, Kuala Lumpur, Malaysia

The IFSB Annual Meetings and Side Events 2017 is jointly hosted by the Central Bank of the Islamic Republic of Iran and Bank Negara Malaysia. The 30th Meeting of the Council, 15th General Assembly of the IFSB, 15th Islamic Financial Stability Forum and Welcome Dinner is by INVITATION ONLY. For more information on the meetings and dinner, please email the following Secretariat in-charge: 1) Council Meeting, General Assembly and Welcome Dinner: Ms. Nur Khairun Nissa Md Zawawi (email: [email protected]) 2) 15th Islamic Financial Stability Forum: Ms. Yazmin Aziz (email: [email protected]) The following Side Events will also be held in conjuction with the IFSB Annual Meetings 2017. 1) Seminar on Islamic Finance and Global Regulation - Moving Targets and New Horizons: Mrs. Ida Shafinaz Ab. Malek (email: [email protected]) 2) 9th IFSB Public Lecture on Financial Policy and Stability: Mrs. Ida Shafinaz Ab. Malek (email: [email protected]) 3) Members and Industry Engagement Session: Mr. Ifran Tarmizi (email: [email protected]) Programme - Event Session(s) Date Time Topics Day 1 04/04/2017 IFSB SEMINAR ON ISLAMIC FINANCE AND GLOBAL REGULATION: MOVING TARGETS AND NEW HORIZONS (OPEN FOR PUBLIC) 08:30 - 09:30 Registration 09:30 - 09:45 Welcoming Remarks 09:45 - 10:00 Keynote Address 10:00 - 10:30 Coffee Break and Networking 10:30 - 11:45 Session 1: The Roll Out of Regulatory Reforms – Progress so Far and What is Left to Do? The Session aims to discuss how regulatory and supervisory authorities (RSAs) have achieved implementation and compliance with key prudential regulatory standards. It will look at what have been the main challenges, including the capacity building dimension. What is still to be accomplished e.g. on macroprudential supervision, cross-sector and consolidated supervision, stress testing and dealing with systemically important banks? 11:45 - 13:00 Session 2: Developing Liquid Islamic Money Markets: Challenges in Harmonisation and Local and International Issuances This session aims to discuss the current state of the sukuk market against the backdrop of the existing economic conditions and market dynamics. What more needs to be done to spur sukuk issuances for liquid and vibrant Islamic money markets? What are specific legal, regulatory and disclosure reforms needed to resolve the impediments? Do sukuk structures and absence of trading platforms pose major hindrances to develop an active secondary sukuk market? 13:00 - 14:00 Lunch and Prayers 14:00 - 15:15 Session 3: New Horizons – Wider Outreach for the IFSI and Structural Challenges This session aims to discuss the potential for Islamic finance to become more active across the start-up/SME financing space. What are the associated challenges from the regulatory and risk perspectives, and how can Islamic finance better manage these challenges? Discussion will also consider the rise of FinTech (i.e. crowdfunding/digital currencies) and how far Islamic finance can benefit it from its growth. 15:15 - 15:45 Coffee Break and Networking 15:45 - 17:00 Session 4: What does a Future State Islamic Finance Industry Look Like? The panel discussion will address the opportunities for Islamic finance going forward. Discussions will aim to examine whether the current state and shape of the industry are optimal given structural and regulatory challenges. The panel may look at where it sees the industry in the next 5 years; what does a future state Islamic financial services industry look like, and how do we get there? What are the pre-conditions in terms of capacity building and human resources? Day 2 05/04/2017 9TH PUBLIC LECTURE ON FINANCIAL POLICY AND STABILITY MEMBERS & INDUSTRY ENGAGEMENT SESSION WELCOME DINNER 08:30 - 12:30 9th PUBLIC LECTURE ON FINANCIAL POLICY AND STABILITY Open for Public 08:35 - 09:30 Registration 09:30 - 09:45 Opening Remarks 09:45 - 10:45 Lecture 1 Speaker: Mr. William Coen, Secretary-General, Basel Committee on Banking Supervision, Bank for International Settlements Topic: Global Adoption of the Basel Framework: Enhancing Financial Stability Across Countries 10:45 - 12:00 Lecture 2 Speaker: Dr. Mohd Daud Bakar, Founder and Group Chairman, Amanie Group Topic: Capital Raising for Sovereigns in an Era of Deficits: Realising Aspirations through Sukūk 12:00 - 12:30 Coffee Break and Networking 12:30 - 14:30 MEMBERS AND INDUSTRY ENGAGEMENT SESSION (Lunch) Open to all IFSB Members and Financial Institutions 19:30 - 22:30 WELCOME DINNER hosted by Bank Negara Malaysia Open to IFSB Council, Full, Associate and Observer members only Day 3 06/04/2017 30TH MEETING OF THE IFSB COUNCIL 15TH GENERAL ASSEMBLY 15TH ISLAMIC FINANCIAL STABILITY FORUM 09:00 - 13:00 30th MEETING OF THE IFSB COUNCIL IFSB Council and Full Members (and accompanying persons) only 13:00 - 14:05 15th GENERAL ASSEMBLY IFSB Council, Full, Associate and Observer members (and accompanying persons) only 14:05 - 15:10 Lunch IFSB Council, Full, Associate and Observer members (and accompanying persons) only 15:15 - 17:00 15th ISLAMIC FINANCIAL STABILITY FORUM Theme: Global Regulatory Reforms: What More Needs to be Done and the Challenges for EMEs and Islamic Finance Open to IFSB Council, Full, Associate and Observer Members, and selected invitees 17:00 - 17:30 Coffee break

April 6, 2017 @ 3:15 PM - 5:00 PM

15th Islamic Financial Stability Forum :Global Regulatory Reforms: What More Needs to be Done and the Challenges for EMEs and Islamic Finance

Lanai Kijang Kuala Lumpur, Malaysia

April 18, 2017 @ 9:00 AM - April 20, 2017 @ 4:15 PM

IFSB-FIS Workshop Series (Zambia)

InterContinental Lusaka Haile Selassie Ave, Lusaka 10101, Lusaka, Zambia

This 3-day Workshop is tailored for the regulatory and supervisory authorities and the market players for the banking sector within Zambia. 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 only 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-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. This Workshop is hosted by Bank of Zambia and 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 18/04/2017 09:00 - 09:30 Registration 09:30 - 10:00 Opening Session and Group Photo 10:00 - 11:30 Session 1 - Introduction to the IFSB Introduction to Islamic Finance Concept of Islamic Finance Contracts in Islamic Finance Structures of Islamic Banking Products Prudential Issues in IIFS 11:30 - 11:45 Coffee Break 11:45 - 13:00 Session 2 - 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 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3 - IFSB-1: Guiding Principles of Risk Management for IIFS (Cont’d) Focus on Market Risk Focus on Liquidity Risk Focus on Rate of Return Risk Case Studies 16:00 - 16:15 Coffee Break Day 2 19/04/2017 09:30 - 11:00 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 11:00 - 11:30 Coffee Break 11:30 - 13:00 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 General Approach to the Sharī`ah Governance System Guiding Principles on the Sharī`ah Governance System - Competence 13:00 - 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 – Independence Guiding Principles on the Sharī`ah Governance System - Confidentiality Guiding Principles on the Sharī`ah Governance System - Consistency Case Study 16:00 - 16:15 Coffee Break Day 3 20/04/2017 09:30 - 11:00 Session 7 - 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 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS (Cont’d) Internal Capital Adequacy Assessment Process Islamic Windows Operations Assessment of Additional Issues Supervisory Transparency and Accountability 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS (Cont’d) Corporate and Shari’ah Governance Transparency and Market Discipline Consolidated and Home-host Supervision Case Study 16:00 - 16:15 Closing & Certificate Giving Ceremony

April 30, 2017 @ 8:30 AM - 1:30 PM

IFSB-DFSA Joint Seminar: Liquidity Generating Innovations in Islamic Finance: The Role of Sukuk and Securitisation to Support New Financial Regulations

Salon 8, The Ritz Carlton, Dubai International Financial Centre, DIFC, Off Sheik Zayed Road Salon 8, The Ritz Carlton, Dubai International Financial Centre, DIFC, Off Sheik Zayed Road, Dubai, United Arab Emirates

The half-day Seminar is designed to encourage broad interaction among the delegates to explore Shariah-compliant Islamic capital market instruments, in particular Sukuk and Securitisation of Assets, to generate liquidity in the global Islamic financial services industry. At a time of implementation of tightened financial regulations, this Seminar seeks to raise awareness on the readiness of Islamic financial institutions to meet the new requirements, particularly on liquidity, while also highlighting opportunities available to various bodies (e.g. regulatory authorities, capital market players, legal firms) to support the industry’s liquidity management needs. The opening remarks will be delivered by Mr. Ian Johnston, Chief Executive, Dubai Financial Services Authority and Mr. Zahid ur Rehman Khokher, Acting Secretary-General, IFSB The confirmed panelists are: Basheer Ahmad, Dubai Financial Services Authority, UAE Ismail Dadabhoy, Islamic International Financial Market (IIFM), Bahrain Dr. Mohamed Damak, S&P Global Ratings, UAE Debashis Dey, White & Case LLP, UAE Khalid Howladar, Acreditus, UAE Moosa Tariq Khoory, Dubai islamic Bank, UAE Gregory Man, Norton Rose Fulbright (Middle East) LLP, UAE Prof. Volker Nienhaus, University of Bochum Programme - Event Session(s) Date Time Topics Day 1 30/04/2017 08:30 - 09:30 Registration 09:30 - 09:45 Welcoming Remarks 09:45 - 10:50 Session 1: Panel Discussion: The Role of Shariah-Compliant Instruments in the Islamic Capital Market Liquidity risk management remains one of the most challenging issues within the IFSI as Shariah principles render most of the conventional capital and money market instruments and borrowing windows/facilities as not compliant. This is at a time when revised Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) liquidity requirements under both Basel III & IFSB GN-6 are gradually being put into effect. There is a significant lack of Shariah-compliant high-quality-liquid-assets (HQLA) that meet LCR requirements and, in the past, many Islamic banks are known to have relied primarily on cash and central bank placements as their main liquidity management tools. Shariah-compliant profit-generating tradable instruments are also widely in demand for liquidity management purposes by other Islamic financial institutions, for instance, in the Takaful and the Islamic asset management industries. Given this, how can existing instruments in the Islamic capital market support liquidity management in the IFSI? What are the issues involving the use of commodity murabaha for managing liquidity? Is there a need to develop new ICM instruments based on other commodities such as crude oil? What efforts can be made by various bodies (e.g. regulatory authorities, multilateral organisations, capital market players, exchanges/bourses) to support liquidity management in the IFSI? What are the opportunities available in the ICM to address this gap in the market? 10:50 - 11:10 Networking Break 11:10 - 12:15 Session 2: Panel Discussion: Securitisation of Islamic Assets Amid a period of liquidity pressures in key IFSI jurisdictions, influenced by prolonged low energy prices and fiscal tightening, an option for Islamic financial institutions with long-term non-tradable assets is to explore securitisation. The global financial crisis tarnished the image of securitisation, to some extent, but building on the lessons learned from the crisis, Shariah-compliant structures could enable Islamic banks to more easily meet revised capital and liquidity regulations. For instance, structures could enable an efficient offloading of non-tradable assets from their balance sheets to improve capital ratios; monetise previously illiquid assets to enhance liquidity; and facilitate raising of cheaper funding at an asset level as opposed to the bank level. The key challenge is in structuring an Islamic financial securitised instrument that meets Shariah requirements and avoids the problems that contributed towards the crisis. 12:30 - 13:30 Networking Lunch

July 2017

July 11, 2017 @ 8:45 AM - July 13, 2017 @ 7:00 PM

IFSB-FIS Workshop Series (Kyrgyz Republic)

Educational Recreation Centre (Tolkun), Issyk-Kul, Educational Recreation Centre (Tolkun), Issyk-Kul,, Bishkek, Kyrgyzstan

This 3-day Workshop is tailored for the National Bank of the Kyrgyz Republic and central (national) banks of the member-countries of the Eurasian Economic Community (EEC). It is supported by the Islamic Development Bank and will discuss the following IFSB Standards: IFSB-10 : Guiding Principles on Sharī`ah Governance Systems for Institutions offering Islamic Financial Services (IIFS); IFSB-15 : Revised Capital Adequacy Standard for IIFS; and IFSB-16 : Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Overall, this Programme 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 11/07/2017 08:45 - 09:00 Registration 09:00 - 09:15 Opening Remarks by the NBKR and the IFSB Representatives, and Group Photo 09:15 - 10:45 Session 1 - Introduction to Islamic Finance Concept of Islamic Finance Contracts in Islamic Finance Structures of Islamic Banking Products Prudential Issues in IIFS 09:45 - 11:15 Coffee Break 11:15 - 13:00 Session 2 - IFSB-15: Revised Capital Adequacy Standard for IIFS Capital Adequacy Ratio Components of Capital Treatment of PSIA, PER and IRR Regulatory Adjustments and Deductions 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3 - IFSB-15: Revised Capital Adequacy Standard for IIFS Credit Risk Weights for Various Counterparties Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Credit Risk Mitigation 16:00 - 16:15 Coffee Break 16:15 - 17:00 Questions and answers (Q&A) Day 2 12/07/2017 09:00 - 11:00 Session 4 - IFSB-15: Revised Capital Adequacy Standard for IIFS 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 Understanding the Operational Risk in Islamic Finance Measuring Operational Risks Sharīah Non-compliance Risk Group Exercise 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6 - IFSB-10: Guiding Principles on Sharīah Governance System for IIFS Structure and Scope of the Sharīah Governance System General Approach to the Sharīah Governance System Guiding Principles on the Sharīah Governance System Case Study 16:00 - 16:15 Coffee Break 16:15 - 17:00 Questions and answers (Q&A) 17:00 - 20:00 Cultural program (visit to the “Grigorevsky” gorge) Day 3 13/07/2017 09:00 - 11:00 Session 7 - 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 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Internal Capital Adequacy Assessment Process Islamic Windows Operations Assessment of Additional Issues Supervisory Transparency and Accountability 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Corporate and Shari’ah Governance Transparency and Market Discipline Consolidated and Home-host Supervision Case Study 16:00 - 16:15 Coffee Break 16:15 - 17:00 Islamic Principles of Financing Experience of Development in the Kyrgyz Republic 17:00 - 18:00 Closing, Certificate and Souvenirs Giving Ceremony 18:00 - 19:00 Dinner

August 2017

August 7, 2017 @ 9:00 AM - August 10, 2017 @ 4:30 PM

IFSB-FIS Workshop Series (Islamic Republic of Iran)

Iran Banking Institute Tehran, Tehran, Iran, Islamic Republic of

This 4-day Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for the Central Bank of the Islamic Republic of Iran and hosted by the Islamic Development Bank. It will discuss 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-15 : Revised Capital Adequacy Standard for 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 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 07/08/2017 09:00 - 09:30 Registration 09:30 - 10:00 Welcoming Remarks and Group Photo 10:00 - 11:30 Session 1 - IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering Islamic Financial Services (IIFS) Understanding of Risks in IIFS General Requirements in Risk Management of IIFS Focus on Credit Risk 11:30 - 11:45 Coffee Break 11:45 - 13:00 Session 2 - IFSB-1: Guiding Principles of Risk Management for IIFS Focus on Equity Investment Risk Focus on Operational Risk Focus on Market Risk 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 3 - IFSB-1: Guiding Principles of Risk Management for IIFS Focus on Liquidity Risk Focus on Rate of Return Risk Case Study Day 2 08/08/2017 09:30 - 11:00 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 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5 - IFSB-15: Revised Capital Adequacy Standard for IIFS Components of Capital Capital Conservation Buffer Countercyclical Buffer Domestic Systemically Important Banks 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 6 - IFSB-15: Revised Capital Adequacy Standard for IIFS Credit Risk Weights for Various Counterparties Exposures in Investments Made under Profit-Sharing Modes Past Due Receivables & Other Assets Group Exercise Day 3 09/08/2017 09:30 - 11:00 Session 7 - IFSB-15: Revised Capital Adequacy Standard for IIFS Credit Risk Mitigation Credit Risk Mitigation Techniques Commonly Used by IIFS Credit Risk Mitigation Approaches Recognition of Ratings by External Credit Assessment Institution 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 - IFSB-15: Revised Capital Adequacy Standard for IIFS Understanding the Market Risk in Islamic Finance Policies and Procedures for Market risk Guidance on Valuation Practices Group Exercise 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 9 - IFSB-15: Revised Capital Adequacy Standard for IIFS Overview of Operational Risk Understanding Operational Risk in Islamic Finance Measuring Operational Risks Group Exercise Day 4 10/08/2017 09:30 - 11:00 Session 10 - IFSB-15: Revised Capital Adequacy Standard for IIFS Current Regulatory Environment of Real Estate Activities Risk Exposures in Real Estate Activities Supervision of Real Estate Activities Risk-Weighting of Real Estate Exposures 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 11 - IFSB-15: Revised Capital Adequacy Standard for IIFS Features of Sukūk and Securitisation in Sukūk Securitisation Process for Sukūk Role of IIFS in Sukūk Securitisation Credit Enhancement Mechanisms for Sukūk 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 12 - IFSB-15: Revised Capital Adequacy Standard for IIFS Regulatory Capital for Sukūk in IIFS Capital Requirements for Sukūk Retained Securitisation Exposure Case Study 16:00 - 16:30 Closing Remarks & Certificate Giving Ceremony

August 16, 2017 @ 8:00 AM - August 17, 2017 @ 5:00 PM

11th IFSB-INCEIF Executive Forum: Creativity and Innovation in Islamic Financial Products – Standardisation and Competitiveness

Sasana Kijang, Bank Negara Malaysia 2, Jalan Dato Onn, Kuala Lumpur, Malaysia

The 11th edition of the IFSB-INCEIF Executive Forum, themed Creativity and Innovation in Islamic financial products: Standardisation and Competitiveness, aims to push the current boundaries and explore the capabilities of the Islamic finance industry to innovate and develop an array of products to satisfy different customer demand segments. This Executive Forum also aims to delve into and draw upon the market player's perspectives on product development and innovation in Islamic finance. Innovation and creativity will be the buzz words of this Executive Forum. It aims to provide a platform for presenting diverse sets of product innovations, where participants are expected to enrich the discussions with suggestions for enhancements towards reaching greater heights for the industry. This Executive Forum will also highlight the challenges facing market players as well as banking supervisors in ensuring that robust Shari’ah governance structures are in place during product design and execution. It is expected that the participants, from among industry players and supervisors, will brainstorm and participate in in-depth discussions on a wide range of Islamic finance instruments. Among them equity/risk-sharing structures, consumer finance, structured trade finance and other instruments serving niche markets. These sessions will aim at illuminating issues related to promoting both standardisation with healthy competition in Islamic banking, Takaful, ICM while at the same time exploring the potential use of, and contribution to, Fintech and Financial inclusion, respectively. Confirmed expert speakers in the Executive Forum include: Dr. Salman Syed Ali (IRTI-IDB Group), Professor Dr. Younes Soualhi (ISRA), Professor Dr. Syed Abdul Hamid Al-Junid (INCEIF), Owais Ansari (FWU Group, Germany), Wan Norhaziki Wan Abdul Halim (Asian Finance Bank), Roslan Abdul Razak (Perbadanan Waqf Nasional Berhad) and Assoc. Prof. Ahcene Lahsasna (Malaysian Financial Planning Council), Umar Munshi (Ethis Ventures), Abdul Rahman Mohd Yusoff (OCBC Al Amin), Hizamuddin Jamalluddin (Bank Islam Malaysia). The Executive Forum is a paying event. Special rates are offered to all member of the IFSB. Enjoy group discount of 10% when you register 3 or more participants from the same organisation. (Not applicable to subsidiaries and affiliated companies) For further enquiries, please email to Mr. Ifran Tarmizi at [email protected] . Programme - Event Session(s) Date Time Topics Day 1 16/08/2017 08:30 - 09:30 Morning Coffee and Registration 09:30 - 09:45 Opening Address MR. ZAHID UR REHMAN KHOKHER, Acting Secretary General, IFSB 09:45 - 11:15 Session 1: Overview of Islamic Banking Products – Principles and Parameters Innovative structures and delivering impactful services Legal and taxation frameworks and products innovations in IFSI Product Innovations in the IFSI – Market-driven vs Regulators requirements SPEAKER: DR. SALMAN SYED ALI, Senior Research Economist, IRTI-IDB Group 11:15 - 11:45 Group Photo and Coffee Break 11:45 - 13:15 Session 2: Consumer Financing Products – Strategies for Innovation Consumer Needs: The starting point for Islamic finance products Marketing Islamic Products: Efficiency, Demand and Supply Transparency in innovation of Islamic finance products SPEAKER: TUAN HJ. ABDUL RAHMAN MOHD. YUSOFF, Head of Shariah, OCBC Al Amin Bank Berhad 13:15 - 14:30 Lunch 14:30 - 16:30 Session 3: Shari’ah Rules in Products Development: Branding , Ethics and Innovation Shari’ah Parameters in Designing New Products: An industry perspective Ijtihad in the development of Islamic finance products MODERATOR: MR. ROSLAN ABDUL RAZAK, Head of Project Development and Structuring, Perbadanan Waqf Nasional Berhad, Malaysia SPEAKERS: MR. WAN NORHAZIKI WAN ABDUL HALIM, Vice President and Head of Shariah, Asian Finance Bank, DR. YOUNES SOUALHI, Head of the Islamic Banking Unit, ISRA 16:30 - 17:00 Coffee Break Day 2 17/08/2017 08:30 - 09:30 Morning Coffee 09:30 - 11:00 Session 4: Innovation in Takaful Avenue for the Industry’s Growth Strategies to expand the Takaful industry Increasing consumer satisfaction in Takaful products Takaful Operators: Achieving commercial targets and beyond SPEAKER: MR. OWAIS ANSARI, Member of the Board of FWU Group, Germany 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5: Fintech and Leveraging on the Industry’s Technological Advancements Fintech avenues in enhancing consumer satisfaction Innovation in financial services, the role of Islamic social finance Fintech for Financial inclusion in the Islamic financial services industry (IFSI) sphere SPEAKER: MR. MOHAMMAD RIDZUAN ABDUL AZIZ, Chief Executive Officer, Sedania As Salam Capital, Malaysia 13:00 - 14:00 Lunch and Prayers 14:00 - 16:00 Session 6: Panel Discussion: Innovation in Finance Products: Towards Standardisation and Competitiveness Islamic finance products as tools for financial integration The uniqueness of equity finance and risk for Islamic financial institutions Islamic finance to support international trade MODERATOR: PROFESSOR DR. SYED ABDUL HAMID AL-JUNID, INCEIF PANELIST: MR. UMAR MUNSHI, Founder/ CEO, Ethis Ventures, Singapore PANELIST: ASSOC. PROF. AHCENE LAHSASNA, Vice President, Research and Publication, Malaysian Financial Planning Council PANELIST: MR HIZAMUDDIN JAMALLUDDIN, Group Chief Strategy Officer, Bank Islam Malaysia 16:00 - 16:30 Closing & Certificate Giving Ceremony MR. DZALIN AYUB, Acting President and Chief Executive Officer 16:30 - 17:00 Coffee Break

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].