Islamic Financial Services Board

SEC NIGERIA - IFSB International Forums
2023-12-06 00:00 - 2023-12-07 23:59 UTC | Abuja Continental Hotel, (Former Sheraton Hotels & Towers), 1 ladi Kwali St, Wuse Zone 4,, Federal Capital Territory, Abuja, 900281, Nigeria

5th Task Force Meeting on Recovery and Resolution of Takāful Undertakings
2023-11-30 00:00 - 23:59 UTC
The 5th Task Force Meeting on Recovery and Resolution of Takāful Undertakingsis scheduled to be held as follows:

Date
30 November 2023

Time
3.00 PM (GMT +8.00, KL Time)

Venue
MS Teams

Participation in the meeting is open to the Task Force members only. For more information, please email to nurulashikin@ifsb.org

16th Islamic Financial Services Board Summit - Islamic Finance and Financial Stability in an Evolving Environment : Navigating Emerging Risks
2023-11-21 08:30 - 15:00 UTC | The Empire Brunei, Kg Jerudong, Muara - Tutong Hwy, Kampong Jerudong, Brunei Darussalam
Programme – Event Session(s)

Date
Time
Topics

Day 121/11/2023
08:30 – 16:30
Exhibition

08:30 – 09:30
Pre-Summit Registration, Welcome Coffee and Networking

09:30 – 09:45
Plenary Session : Opening and Welcoming Address

09:45 – 11:15
Pre – Summit Event 1: Members and Industry Engagement Session
Presentation on the Achievement of the IFSB in the Past 20 Years

The presentation looks at the achievements of the IFSB over the past 20 years across its various objectives, including standards development, research, implementation, awareness-raising, and membership.

Speaker

Dr. Bello Lawal Danbatta, Secretary-General of the IFSB

Interactive Session on Highlights of the Islamic Financial Services Industry Stability Report 2023, Way Forward and IFSB Roles
Speakers

Dr. Bello Lawal Danbatta, Secretary-General, IFSB
Mr. Suhail Issa Al Zadjali, Assistant Secretary-General, Resources, IFSB
Acting Assistant Secretary-General, IFSB

11:15 – 11:30
Coffee Break and Networking

11:30 – 12:45
Pre-Summit Event 2 : 5th IFSB Innovation Forum
Digital Innovation and Transformation of Islamic Finance: Trends and Opportunities
This session aims to provide a forum for market players to demonstrate how fintech innovations can help the Islamic financial services industry align Shari’ah-compliant financing alternatives with green and sustainable development. The session will highlight key players in the market that have developed innovative approaches in the fintech market with the objective of meeting the needs of the green or sustainable finance agenda.

This Forum is an effort by the IFSB to bring together Islamic finance stakeholders to focus on promoting and developing innovative Islamic finance solutions, vital to creating the competitive edge needed to sustain the IFSI going forward.

12:45 – 14:00
Lunch and Networking

14:00 – 15:15
Pre-Summit Event 3 : Industry Dialog Partner 1 (Sponsorship Slot)

14:00 – 16:00
IFSB Summit: Pre-Registration

15:30 – 16:45
Pre-Summit Event 4 : Industry Dialog Partner 2 (Sponsorship slot)

Day 222/11/2023
08:30 – 16:30
Exhibition

08:30 – 09:30
IFSB Summit Registration, Welcome Coffee and Networking

09:30 – 10:15
Plenary Session : 16th IFSB Summit Opening Video Presentation, Opening, Welcoming and Keynote Address

10:15 – 10:30
Inauguration of IFSB Annual Report 2022

10:30 – 11:00
Exhibition Walkabout

11:00 – 12:15
Summit Session 1: Islamic Finance Stability in a New Economy – Inflation, Volatility, and Rising Interest Rates
This session aims to highlight the following:

Global macroeconomic risks and the resulting build-up of financial sector vulnerabilities
Implications of the global macroeconomic risks for the resilience of the Islamic finance industry.
Critical areas for monitoring by authorities to safeguard financial stability
Policy challenges and prospects, international spillovers, and implications for the Islamic finance industry

12:15 – 13:30
Lunch and Networking

13:30 – 14:45
Summit Session 2 : Climate-related Financial Risks and Islamic Finance Regulation: Where we are and what’s next?
This session aims to highlight the following:

The regulation and supervision of climate-related financial risks
Impact of climate-related financial risks on Islamic finance
The progress made by regulators thus far and the various regulatory and supervisory approaches to addressing climate-related financial risks
Bridging the climate-financing gap through private-sector involvement
Leveraging Islamic finance for inclusive green finance initiatives
Areas for further work, including those relating to requisite data, taxonomy, and strengthening the monitoring and analysis of the potential impact of climate-related risks on financial stability in the IFSI

14:45 – 16:00
Summit Session 3: Financing Alternatives in Islamic FinTech
This session aims to highlight the following:

Models, developments and risks of Shari’ah-compliant alternative financing mechanisms in the FinTech market (e.g. BNPL, crypto assets, crowdfunding and P2P financing etc.)
Financial stability implications of financing alternatives in the Islamic FinTech market and various regulatory approaches taken by jurisdictions
Addressing Shari’ah non-compliance issues and Islamic finance specificities in regulating the market
Expected future trends and considerations for alternative financing solutions in the Islamic FinTech market

16:00 – 16:30
Coffee Break and Networking

18:45 – 21:30
Summit Gala Dinner

Day 323/11/2023
08:30 – 15:00
Exhibition

09:30 – 10:45
Summit Session 4 : Innovation and Structural Changes in the Islamic Finance Industry: Regulating New Risks
This session aims to highlight the following:

New and emerging risks arising from digital innovation, including crypto assets, DeFI markets, and financial technologies for Islamic finance, and the regulatory and supervisory challenges
Considerations for policy-makers due to the structural changes in the industry due to digital innovation and managing potential risks, including operational and cyber risks, investor protection issues etc.
The implications for the financial stability of the IFSI due to greater interconnectedness and cross-border activities

10:45 – 11:00
Coffee break and Networking

11:00 – 12:15
Summit Session 5 : Financing Alternatives in the Islamic FinTech Market: Prospects, Opportunities and Regulatory Perspectives
This session aims to highlight the following:

New models and developments in Shari’ah-compliant alternative financing mechanisms in the FinTech market (e.g. BNPL etc.)
Challenges and issues faced by market players in the development and growth of Shari’ah-compliant alternative financing mechanisms
Expected future trends and considerations for alternative financing solutions in the Islamic FinTech market

12:15 – 13:30
Summit Session 6 : Strengthening the Resilience of the IFSI in a Changing World: The Way Forward
This session aims to highlight the following:

The role of the IFSB and other international Islamic standard-setting organisations and international bodies in ensuring the resilience of the IFSI in an evolving global environment
Roles and policy direction for regulatory authorities in the IFSI in a rapidly changing financial sector landscape due to financial innovation and structural changes in the industry
Roles of market players in the IFSI in a changing and innovative world

13:30 – 15:00
Lunch

Downloadable Document(s)

Event Session(s) – PDF Format

10th Executive Committee Meeting of the IFSB
2023-11-20 00:00 - 23:59 (Asia/Kuala_Lumpur) | MS Teams
The Secretariat is pleased to announce that the 10th Executive Committee Meeting of the IFSB will be held online on Monday, 20 November 2023.
Participation in the meeting is open to the Executive Committee members only. For more information or enquiries, please email to fadhila@ifsb.org.

Regulatory and Supervisory Authorities (RSAs) Workshop for ICM and Takāful Sectors
2023-11-14 - 2023-11-16 | Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur, Malaysia
As part of IFSB’s mandate to assist member jurisdictions in implementing IFSB standards, IFSB will be conducting two parallel “Regulatory and Supervisory Authorities Workshops (RSAs Workshops)” on 14 – 16 November 2023 in Kuala Lumpur, Malaysia.
These workshops are intended specifically for RSAs in Takāful and/or Islamic Capital Markets (ICM) sectors focusing on prudential standards.
Due to limited capacity, the acceptance of participants will be on the first-come first-served basis.
For further inquiries, please contact Ms. Cindhi Cintokowati (cindhi@ifsb.org) cc: implementation@ifsb.org
***OPEN ONLY FOR IFSB RSA MEMBERS IN TAKAFUL AND ICM***

Facilitating Implementation of the IFSB Standards (FIS) Workshop on Islamic Banking for All IFSB Members (Online)
2023-11-02 00:00 - 23:59 UTC
As part of IFSB’s commitment to build awareness on IFSB Standards, IFSB will be conducting a “Facilitating Implementation of the IFSB Standards (FIS) Workshop” on Islamic Banking Sector.
This online workshop is open to All IFSB Members with a focus of discussion on TN-4: Technical Note on Recovery and Resolution for Institutions Offering Islamic Financial Services. The event details are the following:

Date: Thursday, 2 November 2023
Time: 3:30 PM (UTC+08:00) Kuala Lumpur
Platform: Webex

Registration can be made through this link. Participants are advised to register by using their official e-mails.
For further inquiries, please contact Mr Muhammad Tom Jidda (mjidda@ifsb.org) cc: implementation@ifsb.org
***OPEN TO ALL IFSB MEMBERS**

Sharing of Experience Session for Takaful Sector
2023-10-31 00:00 - 23:59 UTC | Multipurpose Hall 2.01, AICB Building, Levels 11 & 12, Bangunan AICB, 10,Jalan Dato Onn, Kuala Lumpur, Malaysia
The main objective of the Sharing of Experience Session is to provide a discussion platform to all IFSB Members who are willing to exchange their views and experiences on one side, and who are seeking to obtain solutions from the other side.
Details of the upcoming online Sharing of Experience Session is as follows:
Topic: Aspects of Takaful Regulatory Framework and Sector’s Practices in Different IFSB Member Countries
Date and Time: 31 October 2023 at 14.00 – 17.00 (Malaysia Time, GMT+8)
For any inquiries, please contact: Mrs. Ainaz Faizrakhman (ainaz@ifsb.org cc: implementation@ifsb.org)

4th Task Force Meeting on Recovery and Resolution of Takāful Undertakings
2023-10-30 00:00 - 23:59 UTC | Multipurpose Hall 2.01, AICB Building, Levels 11 & 12, Bangunan AICB, 10,Jalan Dato Onn, Kuala Lumpur, Malaysia
The 4th Task Force Meeting on Recovery and Resolution of Takāful Undertakings is scheduled to be held as follows:

Date
30 October 2023

Time
3.00 PM (GMT +8.00, KL Time)

Venue
MS Teams

Participation in the meeting is open to the Task Force members only. For more information, please email to nurulashikin@ifsb.org

Regulatory and Supervisory Authorities (RSAs) Workshop for Islamic Banking Sector
2023-10-23 - 2023-10-25 | The Asian Institute of Chartered Bankers (AICB), Levels 11 & 12, Bangunan AICB, 10, Jalan Dato Onn, Kuala Lumpur, Malaysia
As part of IFSB’s mandate to assist member jurisdictions in implementing IFSB standards, IFSB will be conducting a “Regulatory and Supervisory Authorities Workshops (RSAs Workshops)” on 23 – 25 October 2023 in Kuala Lumpur, Malaysia.
This workshop is intended specifically for regulators and supervisors in Islamic Banking sector focusing on prudential standards.
Due to limited capacity, the acceptance of participants will be on the first-come first-served basis.
For further inquiries, please send your e-mail to implementation@ifsb.org.
***OPEN ONLY FOR IFSB RSA MEMBERS IN ISLAMIC BANKING***

IFSB 61st Meeting of the Technical Committee
2023-10-23 - 2023-10-24 | Multipurpose Hall 2.01, AICB Building, Levels 11 & 12, Bangunan AICB, 10,Jalan Dato Onn, Kuala Lumpur, Malaysia
The 61st Meeting of the Technical Committee of the IFSB is scheduled to be held as follows

Date
23 – 24 October 2023

Time
10:00 – 15:00 (Day-1) / 10:00 – 12:00 (Day-2) – (GMT+8, Malaysia time)

Venue
Multipurpose Hall 2.01, Asian Institute of Chartered Bankers (AICB), Kuala Lumpur, Malaysia

Participation in the meeting is by invitation and open to the Technical Committee (TC) Members only. For more information or enquiries, please email to Ms. Fadhila at fadhila@ifsb.org

3rd Task Force Meeting on Recovery and Resolution of Takāful Undertakings
2023-09-07 | MS Teams
The 3rd Task Force Meeting on Recovery and Resolution of Takāful Undertakings is scheduled to be held as follows:

Date
7 September 2023

Time
3.30 PM (GMT +8.00, KL Time)

Venue
MS Teams

Participation in the meeting is open to the Task Force members only. For more information, please email to nurulashikin@ifsb.org

IFSB 20th Anniversary Symposium
2023-08-15 13:30 - 18:15 (Europe/Moscow) | Fairmont Riyadh, Area, Business Gate, Qurtubah, Riyadh, Saudi Arabia

3rd IFSB CEO FORUM
2023-08-14 13:50 - 16:25 (Europe/Moscow) | Fairmont Riyadh, Area, Business Gate, Qurtubah, Riyadh, Saudi Arabia

21st Islamic Financial Stability Forum
2023-08-14 09:00 - 13:00 (Europe/Moscow) | Fairmont Riyadh, Area, Business Gate, Qurtubah, Riyadh, Saudi Arabia

Capacity Building for Market Players (CBM) Workshop in Islamic Banking
2023-08-14 | Fairmont Riyadh, Area, Business Gate, Qurtubah, Riyadh, Saudi Arabia
As part of IFSB’s objectives in facilitating implementation of IFSB Standards, the IFSB Secretariat consistently offers capacity development initiatives including FIS Workshops for IFSB members.

This capacity building for market players (CBM) workshop is held alongside with the 42nd Council Meeting and the 21st General Assembly in the Kingdom of Saudi Arabia. As a collaborative event with the Saudi Central Bank (SAMA), the 2-session workshop focuses on Islamic Banking with the following details to cover:

Islamic windows operations from IFSB Standards perspective
Shari’ah Governance framework from IFSB Standards perspective

IFSB 2023 Annual Meetings and Side Events
2023-08-14 | Fairmont Riyadh, Area, Business Gate, Qurtubah, Riyadh, Saudi Arabia
The IFSB 2023 Annual Meetings and Side Events are hosted by Saudi Central Bank. The details of the events are as follows:
Monday, 14 August 2023

IFSB Capacity Building Programme for Market Players (CBM) Workshop (closed session & by invitation ONLY)

1st IFSB Consultative Group (ICG) Meeting (closed session & by invitation ONLY)

FIS Workshop on Capital Market Sector (closed session & by invitation ONLY)

3rd IFSB CEO’s Forum (Open to all)

Tuesday, 15 August 2023

IFSB IFSI Stability Forum 2023 (Open to all)

IFSB 20th Anniversary Symposium and Launching of Publication (open to all)

IFSB 20th Anniversary Dinner (for IFSB members, Accompanying Officers & SAMA’s invitees ONLY)

Wednesday, 16 August 2023

42nd IFSB Council Meeting (closed session & by invitation ONLY)

21st General Assembly (for IFSB members ONLY)

Participation in the IFSB 2023 Annual Meetings and Side Events is by invitation only. Please email your enquiries to Ms. Fadhila at fadhila@ifsb.org and Ms. Farhana at farhana@ifsb.org
The IFSB and Saudi Central Bank look forward to welcoming members of the IFSB and Islamic finance industry stakeholders to Kingdom of Saudi Arabia.
Note: The IFSB reserves the right to make any necessary amendments/changes to the Council meeting and other programme without prior notification

Facilitating Implementation of the IFSB Standards (FIS) Workshop for CMA of Saudi Arabia
2023-08-14 | Fairmont Riyadh, Area, Business Gate, Qurtubah, Riyadh, Saudi Arabia
As part of IFSB’s objectives in facilitating implementation of IFSB Standards, the IFSB Secretariat consistently offers capacity development initiatives including FIS Workshops for IFSB members.

This FIS workshop is held alongside with the 42nd Council Meeting and the 21st General Assembly in the Kingdom of Saudi Arabia. As a collaborative event with the Saudi Central Bank (SAMA) and the Capital Market Authority of Saudi Arabia, the 2-session workshop focuses on Islamic Capital Market for CMA and its domestic market players with the following details to cover:

IFSB-19: Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukuk and ICIS)
IFSB-21: Core Principles for Islamic Finance Regulation (ICM Segment)

IFSB 40th Arabic Editing Committee Meeting
2023-07-31 14:30 - 2023-08-02 18:30 (Asia/Kuala_Lumpur) | Online
The 40th Arabic Editing Committee Meeting of the IFSB is scheduled to be held as follow :

Date
31 July 2023 – 2 August 2023

Time
2.30 PM – 6.30 PM (GMT +8.00, KL time)

Venue
Web conference / webinar

Participation in the meeting is open to the Arabic Editing Committee members only. For more information, please email to fadhila@ifsb.org.

IFSB 60th Technical Committee Meeting
2023-07-25 | Online
The 60th Technical Committee Meeting of the IFSB is scheduled to be held as follow:

Date
25 July 2023

Time
4.00 PM (GMT +8.00, KL time)

Venue
Web-conference / webinar

Participation in the meeting is open to the Technical Committee members only. For more information, please email to fadhila@ifsb.org.

1st Task Force meeting of the Guidance Note on Regulation and Supervision of Climate-related Financial Risks for IIFS (Banking Segment)
2023-07-18 | MS Teams
The 1st Task Force meeting of the Guidance Note on Regulation and Supervision of Climate-related Financial Risks for IIFS (Banking Segment) is scheduled to be held as follows:

Date
18 July 2023

Time
3.00 PM (GMT +8.00, KL Time)

Venue
MS Teams

Participation in the meeting is open to the Task Force members only. For more information, please email to nurulashikin@ifsb.org

7th Working Group meeting for the Revised Guiding Principles on Corporate Governance for Institutions offering Islamic Financial Services [Banking Segment]
2023-07-17 | Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur, Malaysia
The 7th Working Group meeting for the Revised Guiding Principles on Corporate Governance for Institutions offering Islamic Financial Services [Banking Segment] is scheduled to be held as follows:

Date
17 July 2023

Time
9.30 AM (GMT +8.00, KL Time)

Venue
Sasana Kijang, Kuala Lumpur, Malaysia

Participation in the meeting is open to the Working Group members only. For more information, please email to nurulashikin@ifsb.org

FIS Workshop on Takāful for IPRSA Türkiye (Online)
2023-07-12 - 2023-07-14 | Virtual
As part of IFSB’s objectives in facilitating implementation of IFSB Standards, the IFSB Secretariat consistently offers capacity development initiatives including FIS Workshops for IFSB members.
This Facilitating the implementation of IFSB Standards (FIS) Workshop is dedicated to the the Insurance and Private Pension Regulation and Supervision Agency (IPRSA) of Türkiye and will be conducted virtually on 19 to 23 June 2023, covering Takāful segment.
The workshop will cover the following standards and practices in some other jurisdictions.

IFSB-20: Key Elements in the Supervisory Review Process (SRP)
IFSB-25: Disclosures to Promote Transparency and Market Discipline for Takaful/Retakaful Undertakings
IFSB-27: Core Principles for Islamic Finance Regulation [Takaful Segment] (CPIFR-Takaful)

FIS Workshop on Islamic Capital Market - SEC Nigeria
2023-07-12 | IFSB, Sasana Kijang, Bank Negara Malaysia, Level 5, Sasana Kijang, 2, Jalan Dato Onn, Kuala Lumpur, Malaysia
As part of IFSB’s objectives in facilitating implementation of IFSB Standards, the IFSB Secretariat consistently offers capacity development initiatives including FIS Workshops for IFSB members.
This Facilitating the implementation of IFSB Standards (FIS) Workshop is dedicated to the Securities and Exchange Commission (SEC) of Nigeria and will be conducted during their visit to Kuala Lumpur, Malaysia on 12 July 2023, highlighting global trends and developments of Islamic capital market as well as brief summary on relevant IFSB Standards.
The in-depth discussion focuses on GN-8: Guidance Note on Deepening the Islamic Capital Market.

9th Executive Committee Meeting of the IFSB (2nd Session)
2023-07-10 | Online
The Secretariat is pleased to announce that the 9th Executive Committee Meeting of the IFSB (2nd Session) will be held online on Monday, 10 July 2023.

Participation in the meeting is open to the Executive Committee members only. For more information or enquiries, please email to fadhila@ifsb.org.

5th Task Force Meeting of Technical Note on Macroprudential Tools for IIFS (banking segment)
2023-07-06 | MS Teams
The 5th Task Force Meeting of Technical Note on Macroprudential Tools for IIFS (banking segment) is scheduled to be held as follows:

Date
6 July 2023

Time
3.30 PM (GMT +8.00, KL Time)

Venue
MS Teams

Participation in the meeting is open to the Task Force members only. For more information, please email to nurulashikin@ifsb.org

7th Working Group Meeting - Conduct of Business Supervision in Takāful Undertaking (CBST)
2023-07-05 | MS Teams
The 7th Working Group Meeting – Conduct of Business Supervision in Takāful Undertaking (CBST) is scheduled to be held as follows:

Date
5 July 2023

Time
3.00 PM (GMT +8.00, KL Time)

Venue
MS Teams

Participation in the meeting is open to the Working Group members only. For more information, please email to nurulashikin@ifsb.org

2nd Task Force Meeting on Recovery and Resolution of Takāful Undertakings
2023-06-26 | Online
The 2nd Task Force Meeting on Recovery and Resolution of Takāful Undertakings is scheduled to be held as follows:

Date
26 June 2023

Time
3.00 PM (GMT+8, Malaysia time)

Venue
MS Teams”

Participation in the meeting is open to the Task Force members only. For more information, please email to nurulashikin@ifsb.org

FIS Workshop on Stress Testing for Islamic Banks - AIFC Kazakhstan (Online)
2023-06-12 - 2023-06-13 | Online
As part of IFSB’s objectives in facilitating implementation of IFSB Standards, the IFSB Secretariat consistently offers capacity development initiatives including FIS Workshops for IFSB members.
This Facilitating the implementation of IFSB Standards (FIS) Workshop is dedicated to Astana International Financial Center (AIFC) of Kazakhstan and will be conducted virtually on 30-31 May 2023, covering Islamic banking segment.
The workshop focuses on stress testing for Intitutions offering Islamic Financial Services (IIFS) such as IFSB-13: Guiding Principles on Stress Testing for IIFS (Banking Segment) and TN-2: Technical Note on Stress Testing for IIFS (Banking Segment).

FIS Workshop on Islamic Capital Market - SEC Nigeria (Online)
2023-06-08 | Virtual
As part of IFSB’s objectives in facilitating implementation of IFSB Standards, the IFSB Secretariat consistently offers capacity development initiatives including FIS Workshops for IFSB members.
This Facilitating the implementation of IFSB Standards (FIS) Workshop is dedicated to the Securities and Exchange Commission (SEC) of Nigeria and will be conducted virtually on 8 June 2023, covering Islamic Capital Market segment.
The workshop focuses on IFSB-19: Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukūk and Islamic Collective Investment Schemes).

4th Task Force Meeting of Technical Note on Macroprudential Tools for IIFS (banking segment)
2023-05-31 | MS Teams
The 4th Task Force Meeting of Technical Note on Macroprudential Tools for IIFS (banking segment) is scheduled to be held as follows:

Date
31 May 2023

Time
3.00 PM (GMT+8, Malaysia time)

Venue
MS Teams

Participation in the meeting is open to the Task Force members only. For more information, please email to nurulashikin@ifsb.org

Event Snapshots
