
IFSB-FIS Workshop Series (Zambia)
InterContinental Lusaka Haile Selassie Ave, Lusaka 10101, Lusaka, ZambiaThis 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