Name: IFSB-FIS Workshop Series (Oman)
Start: 2016-03-28T08:00:00+00:00
End: 2016-03-31T15:30:00+00:00
Location: Crowne Plaza Muscat, Oman

November 2015

November 16, 2015 @ 9:00 AM - November 20, 2015 @ 4:15 PM

IFSB-FIS Workshop on IFSB Standards for Regulatory and Supervisory Authorities for the Banking Sector

Training Room 3.1 & 3.2, Sasana Kijang, Bank Negara Malaysia Kuala Lumpur, Malaysia

This 5-day Workshop is tailored for the Regulatory and Supervisory Authorities for the banking sector. The major focus of the Workshop will be on the most recent Guiding Principles which address the new global regulatory requirements for the supervisory review process and for liquidity management. The workshop will discuss the following IFSB Standards: IFSB-16 : Revised Guidance on Key Elements In The Supervisory Review Process of IIFS GN-6 : Guidance Note on Quantitative Measures for Liquidity Risk Management in IIFS IFSB-10 : Guiding Principles on Sharī`ah Governance Systems 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 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 regulators and supervisors 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 16/11/2015 IFSB-16: REVISED GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS 09:00 - 09:30 Registration 09:30 - 09:45 Opening Session 09:45 - 11:15 Session 1: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Necessary Preconditions for Effective Supervision Criteria for Classifying the Institution as an IIFS or Window Additional Considerations in the Issuance of an IIFS License Supervisory Approaches in the Supervision of IIFS 11:15 - 11:30 Group Photo and Coffee Break 11:30 - 13:00 Session 2: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Regulatory Capital Requirements Guidance on the Slotting Method Treatment of IAH and Displaced Commercial Risk Advanced Approaches and Supervisory Discretion 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Internal Capital Adequacy Assessment Process (ICAAP) ICAAP Framework for IIFS Supervisory Review Process in ICAAP Case Study 16:00 - 16:15 Coffee Break Day 2 17/11/2015 IFSB-16: REVISED GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS 09:30 - 11:00 Session 4: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Governance and Risk Management Sharī`ah Governance Risk Management and Risk Management Process Enterprise-wide Risk Management Framework 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Related Party Transactions Risk Management Framework for Securitisation Supervisory Review for Securitisation and Specificities of IIFS SPEs and Key Considerations in the Supervisory Review Process Case Study 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Transparency and Market Discipline Consolidated and Cross-sector Supervision Home-host Cooperation and Structures of Cooperation Case Study 16:00 - 16:15 Coffee Break Day 3 18/11/2015 IFSB-16: REVISED GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS 09:30 - 11:00 Session 7: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Internal Controls of the Islamic Window Operations Regulatory Capital Requirement for the Islamic Window Operations Disclosure Requirements for the Islamic Window Operations Case Study 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Supervisory Review for Credit Concentration Risk Concentration Limits for Real Estate Investment Assessment of Rate of Return Risk in the Banking Book Counterparty Credit Risk Case Study 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 Liquidity Risk Management and Supervision Sound Stress Testing Practices Sharī`ah-compliant Hedging Techniques Supervisory Transparency and Accountability 16:00 - 16:15 Coffee Break Day 4 19/11/2015 GN-6: GUIDANCE NOTE ON QUANTITATIVE MEASURES FOR LIQUIDITY RISK MANAGEMENT 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 Components of Total Net Cash Outflows Formula for Calculating NSFR Available Stable Funding 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 The Internal Liquidity Adequacy Assessment and Supervisory Liquidity Review Processes Principles for Applying Alternative Liquidity Approaches Disclosure Requirements for LCR and NSFR Case Study 16:00 - 16:15 Coffee Break Day 5 20/11/2015 IFSB-10: GUIDING PRINCIPLES ON SHARī`AH GOVERNANCE SYSTEM AND SPECIAL SESSION ON THE GLOBAL DEVELOPMENT 09:30 - 10:30 Session 13: IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS Sharī`ah Non Compliance Risk Sharī`ah Governance System Components of Sharī`ah Governance Case Study 10:30 - 10:45 Coffee Break 10:45 - 12:00 Session 14: Special Session on Recent Developments in Supervisory Review Process Framework and Liquidity Risk Management at the Global Level 12:00 - 12:15 Closing & Certificate Giving Ceremony 12:15 - 14:30 Lunch and Prayer Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Hotel - Hilton Kuala Lumpur - Rates 3.) Hotel - JW Marriott Kuala Lumpur - Rates and Reservation Form 4.) Hotel - Lanai Kijang - Rates and Reservation Form 5.) Hotel Majestic Kuala Lumpur - Rates and Reservation Form

November 30, 2015 @ 9:00 AM - 11:00 AM

The IFSB Public Hearing on Exposure Draft 18 – Guiding Principles for Retakaful (Islamic Reinsurance)

Training Room 3.3 & 3.4, Sasana Kijang , Bank Negara Malaysia, Kuala Lumpur, Malaysia. Kuala Lumpur, Malaysia

December 2015

December 1, 2015 @ 12:00 AM - December 2, 2015 @ 12:00 AM

IFSB-INCEIF Executive Forum – Resilience and Stability of the Islamic Financial Services Industry: Opportunities and Challenges Ahead

Against the backdrop of the slow global economic recovery in the past years, and continued turmoil in the financial markets, the 8th IFSB-INCEIF Executive Forum focuses on key issues affecting the Islamic Financial Services Industry’s (IFSI) stability along with the strategic approaches needed to ensure that the IFSI is able to achieve a level of resilience that withstands the impact of financial turbulence. The theme of the 8th edition of the IFSB-INCEIF Executive Forum series - “Resilience and Stability of the Islamic Financial Services Industry: Opportunities and Challenges Ahead” - intends to discuss this important topic that affects not only national economies and financial institutions, but also ordinary investors and tax payers. More specifically, the forum aims to cover the following areas: Updates on the trends and developments in the various segments of the industry – Islamic banking, Islamic capital markets as well as Takāful; Initiatives undertaken by the regulators and international standard setting organisations to further strengthen the resilience and stability of the financial institutions and markets; and Emerging issues in the stability of the IFSI, including among others: consumer protection, Sharī'ah-compliant safety nets and cross-border linkages. This 8th Edition of the IFSB-INCEIF Executive Forum will serve as a platform for discussion (through panel sessions, group discussion, and practical case studies) between the participants and the speakers who are global leaders from amongst market players, regulators and academia. The two full-day Forum will be divided into seven sessions, which are: Development of the Global IFSI Effective Macro-prudential Policies Strengthening Protection of the Financial Sector Sharī'ah-compliant Lender of Last Resort (LOLR) Takāful: Unlocking the Potential and Supporting Stability Islamic Capital Markets (ICM): Achieving a Rigorous and Robust Regulatory Framework; and Panel Discussion on Fostering Global Linkages and Cross-border Potentials Towards Enhancing Resilience and Stability To date, the following speakers are confirmed to speak at the Forum: Mr. Takashi Hamano, Assistant Commissioner for International Affairs, Financial Services Agency, Japan Dr. Magda Elsayed Kandil, Chief Economist, Research and Statistics Department, Central Bank of United Arab Emirates Ms. Che Zakiah Che Din, Director, Financial Conglomerate Supervision Department, Bank Negara Malaysia Mr. Rafiz Azuan Abdullah, Executive General Manager, Malaysia Deposit Insurance Corporation Mr. Ritesh Maheshwari, Managing Director & Lead Analytical Manager, Financial Services Ratings, Standard & Poor's Ratings Services, Singapore Mr. Shamsun Anwar Hussain, Managing Director, Business Management Office, CIMB Islamic Bank, Malaysia Assoc. Prof. Dr. Younes Soualhi, Chairman, Sharī`ah Committee, HSBC Amanah Malaysia Berhad, Malaysia Tuan Syed Alwi Mohd Sultan, Executive Vice President, Corporate Services, Bank Muamalat Malaysia Berhad Mr. Hassan Scott Odierno, Partner, Actuarial Partners Consulting Sdn Bhd, Malaysia Mr. Syed Faiq Najeeb, Member of the Secretariat, Technical and Research, Islamic Financial Services Board, Malaysia For more information on this Executive Forum, please email Mr. Hamizi Hamzah at [email protected] Programme - Event Session(s) Date Time Topics Day 1 01/12/2015 08:30 - 09:30 Morning Coffee and Registration 09:30 - 09:45 Opening and Welcoming Remarks 09:45 - 11:00 Developments in the Global Islamic Financial Services Industry (IFSI) towards Promoting Financial Stability Overview of the development of the Islamic Financial Services Industry Future prospects and current challenges Policy recommendations to enhance growth and stability 11:00 - 11:30 Group Photo and Coffee Break 11:30 - 13:00 Financial Stability Framework: Motivations for Effective Macro-prudential Policies Emerging Practices, Initiatives and Trends in the Macro-prudential Policies of institutions offering Islamic financial services (IIFS) Systemic Risks and Countercyclical Issues: A Need for Additional Policies Capital Buffers and Leverage Ratio of IIFS: Fundamental Factors in Financial Stability 13:00 - 14:00 Lunch and Prayers 14:00 - 15:30 Safety Nets: Strengthening Protection of the Financial Sector The Rights of Profit-sharing Investment Account (PSIA) Holders under the Sharī`ah-compliant Deposit Insurance Preserving Rights of the Consumers and Policy-holders via Sharī`ah-compliant Deposit Insurance Schemes: Contemporary Issues and Challenges Promoting Sound Crisis Management Policies and Procedures 15:30 - 16:00 Coffee Break 16:00 - 17:30 Sharī'ah-compliant Lender of Last Resort (LOLR): The Role of Central Banks and Monetary Authorities Main Impediments to the Development of Infrastructure and Instruments for Sharī'ah-compliant LOLR Facilities and Emergency Financing Mechanisms Required Criteria of Instruments for Use in Sharī'ah-compliant LOLR Facilities Cross-border Sharī'ah-compliant LOLR facilities Day 2 02/12/2015 08:30 - 09:30 Morning Coffee 09:30 - 11:00 Takāful: Unlocking the Potential and Supporting Stability Takāful Industry Perception and Penetration Challenges Utilising MicroTakāful Coverage for Social Protection The Way Forward for Growth, Investment and Regulation in the Takāful sector 11:00 - 11:30 Coffee Break 11:30 - 13:00 Islamic Capital Markets (ICM): Achieving a Rigorous and Robust Regulatory Framework Interlinkages Between Global Financial Market and ICM Enhancing the Current Legal and Regulatory Frameworks for ICM Promoting Confidence and Soundness in the ICM: Policy Implication 13:00 - 14:00 Lunch and Prayers 14:00 - 16:00 Panel Discussion on Fostering Global Linkages and Cross-border Potentials Towards Enhancing Resilience and Stability Home and Host Supervision and Cross-border Resolutions A Need for a Robust Supervision of Global Cross-border ICM Instruments Integrating Cross-border Takāful Business 16:00 - 16:30 Closing & Certificate Giving Ceremony 16:30 - 17:00 Coffee Break Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Brochure - 8th IFSB-INCEIF Executive Forum 3.) Hotel - Hilton Kuala Lumpur - Rates 4.) Hotel - Lanai Kijang - Rates 5.) Hotel Majestic Kuala Lumpur - Rates and Reservation Form 6.) JW Marriott Kuala Lumpur - Rates and Reservation Form 7.) Pacific Regency Hotel & Suites - Rates

December 8, 2015 @ 9:30 AM - 4:30 PM

27th Meeting of the Council of the IFSB (For Full Members only) and 12th Islamic Financial Stability Forum (by invitation only)

- Bali, Indonesia

The 27th Meeting of the Council of the IFSB and 12th Islamic Financial Stability Forum are hosted by the Islamic Development Bank. These meetings are by invitation only. For more information on the meetings, please email the following Secretariat in charge: 1) Council Meeting - Ms. Nur Khairun Nissa Md Zawawi, email : [email protected] 2) Islamic Financial Stability Forum - Ms. Yazmin Aziz, email : [email protected] Programme - Event Session(s) Date Time Topics Day 1 08/12/2015 09:30 - 13:00 27th Meeting of the Council of the IFSB 14:30 - 16:30 12th Islamic Financial Stability Forum Theme: Promoting Consistency in the Implementation of Prudential Standards The Islamic Finance and Global Financial Stability Report (IFSB-IRTI, 2010), drew attention to the importance of not only accelerating effective implementation of prudential standards to promote and enhance the soundness and stability of the Islamic financial services industry, but also to contributing towards the consistent development of Islamic finance across jurisdictions. The Core Principles for Islamic Financial Regulation for the banking segment (CPIFR) issued by the IFSB in April 2015 has facilitated a step towards this harmonisation and consistency in the implementation of prudential frameworks across countries, by providing a framework for assessment of the regulatory and supervisory framework of the banking sector. The IFSB’s current strategy focuses on promoting the implementation through workshops under the Facilitating the Implementation of Standards (FIS) Initiatives and Implementation Surveys, both of which have contributed substantially towards enhancing the IFSB’s ability to assist RSAs seeking to strengthen their regulatory and supervisory framework for Islamic finance. The IFSB efforts are in line with the practice of other global standard-setting bodies, who are taking steps to not only track the implementation of their standards, but to also review the consistency in such implementation across various jurisdictions. The Basel Committee on Banking Supervision (BCBS), for example, adopted a Regulatory Consistency Assessment Programme (RCAP) in 2012, noting the importance of consistency in the adoption and implementation of prudential standards in enhancing the resilience of the banking system, improving public confidence in prudential ratios and developing a transparent regulatory environment that promotes a level playing field. The programme is a central element of the BCBS's continuous efforts to monitor the implementation and timely adoption of the Basel III standards, ensuring consistency of the adopted regulations, as well as evaluating the quality and comparability of regulatory outcomes. The RCAP promotes consistent adoption of the Basel framework by helping member jurisdictions identify domestic regulations that are not in line with the letter and spirit of the relevant Basel standards, weigh the materiality of any such deviations and undertake reforms where necessary. The European Banking Authority (EBA), also works to ensure effective and consistent implementation of prudential regulation and supervision in EU countries. It introduced a European Single Rulebook in banking for the purpose of providing a set of harmonised prudential rules for financial institutions throughout the EU, to ensure uniform application of its rules across Member States which serves to close any regulatory loopholes that may arise from differences in prudential frameworks. The EBA thus plays an important role in promoting convergence of supervisory practices in the EU banking sector by identifying any material differences in the practices and formulate necessary policy solutions to enhance convergence between banks. The IMF Staff Discussion Note on Islamic Finance (May 2015) has observed that in Islamic finance jurisdictions, the application of standards is not uniform across countries, which brings to the fore concerns that it may encourage growth in a manner that gives rise to systemic vulnerabilities. It also underlined the importance of seeking greater harmonisation, both across and within countries, through better implementation of existing standards for Sharī`ah governance. Against this background, a natural step forward in furthering the current implementation programme of the IFSB to focus on greater consistency in the adoption of its standards for regulation and supervision of institutions offering Islamic financial services. The 12th Islamic Financial Stability Forum will seek to examine the experiences of the other international agencies to promote and assess the consistency of the implementation of prudential standards, and identify opportunities and direction for future work in the Islamic Financial Services Industry to encourage consistency across Islamic finance jurisdictions. 14:30 - 14:40 Chairman's Remarks 14:40 - 15:00 Presentation on Promoting Consistency in the Implementation of Prudential Standards Speaker: Mr. Marc Farag, Member of Basel Committee on Banking Supervision Secretariat, Basel Committee on Banking Supervision 15:00 - 15:40 Discussion Discussants: Mr. Mohd Zabidi Md Nor, Director of Prudential Policy Department, Bank Negara Malaysia Mr. Suliman Aljabrin, Banking Supervisor, Saudi Arabian Monetary Agency 15:40 - 16:00 Q&A Session 16:00 - 16:30 Coffee Break & Networking Downloadable Document(s) 1.) Event Session(s) - PDF Format

December 8, 2015 @ 2:30 PM - 4:30 PM

12th Islamic Financial Stability Forum :Promoting Consistency in the Implementation of Prudential Standards

Jeddah Jeddah, Saudi Arabia, Saudi Arabia

January 2016

January 10, 2016 @ 8:30 AM - 5:30 PM

Roundtable Discussion : IFSB Exposure Draft on Guiding Principles for Retakaful (Islamic Reinsurance) and Meet the Members & Industry Engagement Session

InterContinental Regency Bahrain Manama, Bahrain

The Roundtable Discussion : IFSB Exposure Draft on Guiding Principles for Retakāful (Islamic Reinsurance) was held on 10 January 2016, in Manama, Bahrain, which was hosted by the Central Bank of Bahrain. The IFSB has issued an Exposure Draft, ED-18: Guiding Principles for Retakāful (Islamic Reinsurance) on 5 November 2015 for public consultation, aimed to provide the regulatory and supervisory authorities (RSAs) and market players of the Takāful industry guidance relating to Retakāful. ED-18 identifies and sets forth a set of basic principles and best practices pertaining to Retakāful activities of both Takāful and Retakāful Operators (TOs and RTOs). This Roundtable aimed to invite greater engagement and garner feedback and comments from key industry stakeholders on the Exposure Draft prior to its final submission to the IFSB Council. The Roundtable also saw active involvement from the key industry stakeholders, acted as chairperson and speakers for the Roundtable as well as 28 registered participants from among the IFSB member and non-member organisations. Programme - Event Session(s) Date Time Topics Day 1 10/01/2016 IFSB MEET THE MEMBERS AND INDUSTRY ENGAGEMENT SESSION (VENUE: AMBASSADOR ROOM (MEZZANINE FLOOR) ROUNDTABLE DISCUSSION : IFSB EXPOSURE DRAFT ON GUIDING PRINCIPLES FOR RETAKāFUL (ISLAMIC REINSURANCE) VENUE : AL RIFAA BALLROOM (GROUND FLOOR) 08:30 - 09:00 Registration 09:00 - 10:10 IFSB MEET THE MEMBERS AND INDUSTRY ENGAGEMENT SESSION 10:10 - 10:30 Coffee Break & Networking Session 10:30 - 15:30 ROUNDTABLE DISCUSSION : IFSB EXPOSURE DRAFT ON GUIDING PRINCIPLES FOR RETAKĀFUL (ISLAMIC REINSURANCE) 10:30 - 10:45 Opening Remarks 10:45 - 11:10 Presentation on the Exposure Draft of the Guiding Principles for Retakāful 11:10 - 11:30 Session 1: Understanding Retakāful and Its Underlying Contracts (Introduction to Retakāful, the Concept and the Principal Structures) Introduction to Retakāful, the Concept and the Principal Structures 11:30 - 11:50 Session 1: Understanding Retakāful and Its Underlying Contracts (Retakāful Core Principles, Categorisation, and Special Issues) Retakāful Core Principles, Categorisation, and Special Issues 11:50 - 11:30 Session 1: Understanding Retakāful and Its Underlying Contracts Open Discussion 12:30 - 13:30 Lunch & Prayers 13:30 - 13:50 Session 2: The Guiding Principles for Retakāful (Principle I: Governance of Retakāful Undertakings & Principle II: Compliance with Sharī`ah Principles) Principle I: Governance of Retakāful Undertakings Principle II: Compliance with Sharī`ah Principles 13:50 - 14:10 Session 2: The Guiding Principles for Retakāful (Principle III: Prudential Framework, Principle IV: Transparency and Disclosure & Principle V: Supervisory Principle III: Prudential Framework Principle IV: Transparency and Disclosure Principle V: Supervisory 14:10 - 14:50 Session 2: The Guiding Principles for Retakāful Open Discussion 14:50 - 15:00 Chairman's Summary 15:00 - 15:30 Coffee Break End of Roundtable Discussion Downloadable Document(s) 1.) Event Session(s) - PDF Format

January 11, 2016 @ 9:00 AM - January 14, 2023 @ 4:30 PM

IFSB-FIS Workshop Series (Sudan)

The Corinthia Hotel Khartoum, Sudan Khartoum, Sudan

This 4-day workshop is tailored for the regulatory and supervisory authorities and the market players for the banking sector within Sudan. The major focus of the workshop will be on the most recent Guiding Principles which address the new global regulatory requirements for the supervisory review process and for liquidity management. The workshop will discuss the following IFSB Standards: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management in 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 Central Bank of Sudan 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 11/01/2016 09:00 - 09:30 Registration 09:30 - 09:45 Opening Session by the IFSB and the CBOS Representatives 09:45 - 11:00 Session 1: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process (SRP) Introduction to IFSB-16 Necessary Preconditions for Effective Supervision Additional Considerations in the Issuance of an IIFS License Supervisory Approaches in the Supervision of IIFS 11:00 - 11:30 Group Photo and Coffee Break 11:30 - 13:00 Session 2: IFSB-16: Revised Guidance on Key Elements In The SRP - Continued Regulatory Capital Requirements Guidance on the Slotting Method Treatment of IAH and Displaced Commercial Risk Advanced Approaches and Supervisory Discretion 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3: IFSB-16: Revised Guidance on Key Elements In The SRP - Continued Internal Capital Adequacy Assessment Process (ICAAP) ICAAP Framework for IIFS Supervisory Review Process in ICAAP Case Study 16:00 - 16:30 Coffee Break Day 2 12/01/2016 09:00 - 09:30 Registration 09:30 - 11:00 Session 4: IFSB-16: Revised Guidance on Key Elements In The SRP - Continued Corporate Governance Sharī`ah Governance Risk Management Processes Enterprise-wide Risk Management Framework 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5: IFSB 16: Revised Guidance on Key Elements In The SRP - Continued Related Party Transactions Secrutisation Risk and Related Off-balance Sheet Exposures Special Purpose Entities (SPEs) and Key Considerations in the Supervisory Review Process Case Study 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6: IFSB 16: Revised Guidance on Key Elements In The SRP - Continued Transparency and Market Discipline Consolidated and Home-host Supervision Supervisory College and IIFS Specific Issues Case Study 16:00 - 16:30 Coffee Break Day 3 13/01/2016 09:00 - 09:30 Registration 09:30 - 11:00 Session 7: IFSB 16: Revised Guidance on Key Elements In The SRP - Continued Supervisory Review for Credit Concentration Risk Concentration Limits for Real Estate Investment Islamic Windows Operations Case Study 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8: IFSB-16: Revised Guidance on Key Elements In The SRP - Continued Liquidity Risk Management and Supervision Sound Stress Testing Practices Sharī`ah-compliant Hedging Techniques Supervisory Transparency and Accountability 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management Application of the Liquidity Coverage Ratio (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 16:00 - 16:30 Coffee Break Day 4 14/01/2016 09:00 - 09:30 Registration 09:30 - 11:00 Session 10: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management - Continued Components of Total Net Cash Outflows Categories of Cash Outflow Cash Inflows Case Study 11:30 - 11:30 Coffee Break 11:30 - 13:00 Session 11: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management - Continued Net Stable Funding Ratio (NSFR) Application of the NSFR in IIFS The Internal Liquidity Adequacy Assessment and Supervisory Liquidity Review Processes Application of LCR and NSFR 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 12: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management - Continued Principles for Applying Alternative Liquidity Approaches Disclosure Requirements for LCR and NSFR Evaluation of the Market Liquidity of Assets Case Study 16:00 - 16:15 Closing & Certificate Giving Ceremony 16:15 - 16:45 Coffee Break Downloadable Document(s) 1.) Event Session(s) - PDF Format

January 28, 2016 @ 9:00 AM - 12:30 PM

IFSB Industry Engagement Session: Global Outlook of Islamic Finance

Multi Purpose Hall, Level 3, Lanai Kijang, Bank Negara Malaysia , Malaysia

February 2016

February 23, 2016 @ 9:00 AM - February 26, 2016 @ 4:15 PM

IFSB-FIS Workshop Series – Banking (Nigeria)

Chelsea Hotel Abuja abuja, Nigeria

This 4-day workshop is tailored for the Regulatory and Supervisory Authorities and the market players for the banking sector. The workshop will discuss the following IFSB Standards: IFSB-15: Revised Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (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 the Central Bank of Nigeria 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 23/02/2016 09:00 - 09:30 Registration 09:30 - 09:45 Opening Session 09:45 - 11:00 Session 1: IFSB-15: Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services (IIFS) Components of Capital Capital Conservation Buffer Countercyclical Buffer Case Study on Components of Capital for IIFS 11:00 - 11:30 Group Photo and Coffee Break 11:30 - 13:00 Session 2: IFSB-15: Revised Capital Adequacy Standard for IIFS - Continued Leverage Ratio Domestic Systemically Important Banks Group Exercise on Leverage Ratio Case Study on Countercyclical Buffer 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3: 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 16:00 - 16:15 Coffee Break Day 2 24/02/2016 09:00 - 09:30 Registration 09:30 - 11:00 Session 4: 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 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5: IFSB-15: Revised Capital Adequacy Standard for IIFS - Continued Understanding Market Risk in Islamic Finance Policies and Procedures for the Management of Market risk Guidance on Valuation Practices Group Exercise 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6: IFSB-15: Revised Capital Adequacy Standard for IIFS - Continued Understanding Operational Risk in Islamic Finance Measuring Operational Risks Sharī`ah Non-compliance Risk Group Exercise 16:00 - 16:15 Coffee Break Day 3 25/02/2016 09:00 - 09:30 Registration 09:30 - 11:00 Session 7: IFSB-15: Revised Capital Adequacy Standard for IIFS - Continued Current Regulatory Environment of Real Estate Activities Supervision of Real Estate Activities Features of Sukūk and Securitisation Securitisation Process for Sukūk Structuring 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8: IFSB-15: Revised Capital Adequacy Standard for IIFS - Continued Capital Requirements for Sukūk Holdings of Sukūk by IIFS (IIFS investor) Retained Securitisation Exposure (IIFS originator) Case Studies 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 - Continued 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 16:00 - 16:15 Coffee Break Day 4 26/02/2016 08:00 - 08:30 Registration 08:30 - 10:00 Session 10: 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 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 11: IFSB-15: Revised Capital Adequacy Standard for IIFS - Continued Governance and Risk Management Transparency and Market Discipline Consolidated and Home-host Supervision Case Study 12:00 - 12:30 Closing & Certificate Giving Ceremony 12:30 - 14:00 Lunch and Prayer Downloadable Document(s) 1.) Event Session(s) - PDF Format

February 23, 2016 @ 9:30 AM - February 25, 2016 @ 4:30 PM

IFSB-FIS Workshop Series – Takaful (Nigeria)

Chelsea Hotel, Mohammadu Buhari Way, Abuja, Nigeria Abuja, Nigeria

This 3-day workshop is tailored for the Regulatory and Supervisory Authorities for the Takāful sector and will cover topics on introduction to Islamic finance and Takāful as well as the following IFSB Standards: IFSB-8: Guiding Principles on Governance for Takāful Undertakings IFSB-11: Standard on Solvency Requirements for Takāful Undertakings IFSB-14: Standard on Risk Management for Takāful Undertakings 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 the National Insurance Commission (NAICOM) 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 23/02/2016 09:30 - 09:30 Registration 09:30 - 09:45 Welcoming Remarks 09:45 - 11:00 Session 1: Introduction to Islamic Finance and Takāful (Islamic Insurance) Introduction to Takāful Takāful Models Issues Faced by Takāful Operators 11:00 - 11:30 Group Photo and Coffee Break 11:30 - 13:00 Session 2: IFSB-8: Guiding Principles on Governance for Takāful Undertakings Why Governance for Takāful Undertakings? Reinforcement of Relevant Good Governance Practices A Balanced Approach for Fair Treatment 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3: IFSB-8: Guiding Principles on Governance for Takāful Undertakings Governance Structure for Participants Procedures for Proper Disclosure Case Studies 16:00 - 16:30 Coffee Break Day 2 24/02/2016 09:00 - 09:30 Registration 09:30 - 11:00 Session 4: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Specificities of Solvency Requirements for Takāful Total Balance Sheet Approach Adequate Solvency Resources 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Establish Solvency Control Levels Quality / Suitability of Solvency Resources Comprehensive Risk Management Framework 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Supervisory Review of Risk Management Framework Public Disclosure of Solvency Information Case Studies 16:00 - 16:30 Coffee Break Day 3 25/02/2016 09:00 - 09:30 Registration 09:30 - 11:00 Session 7: 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 - 11:30 Coffee Break 11:30 - 13:00 Session 8: IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Significant Risks of Particular Relevance to Takāful (Cont’d) Enterprise Risk Management Risk Governance Framework 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9: 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 Closing & Certificate Giving Ceremony 16:15 - 16:45 Coffee Break Downloadable Document(s) 1.) Event Session(s) - PDF Format

March 2016

March 14, 2016 @ 9:00 AM - March 15, 2016 @ 5:30 PM

2nd IFSB Seminar On Legal Issues In Islamic Financial Services Industry

The Landmark London Hotel, London 222 Marylebone Rd, London NW1 6JQ, London, UK, United Kingdom

Theme: Towards an Effective Legal Framework for Islamic Finance: Asset Securitisation and Insolvency The 2nd Seminar on Legal Issues in the Islamic Financial Services Industry will focus on two subjects of immediate relevance, sukuk and insolvency. Experts in Shari`ah, law and industry will give presentation on these subjects as they grow increasingly important for the future of Islamic finance in general and the treasuries of Islamic financial institutions in particular. Programme - Event Session(s) Date Time Topics Day 1 14/03/2006 09:00 - 09:45 Opening and Keynote 09:45 - 10:45 Session 1: A General Survey of Legal Issues in Islamic Finance The scope of Islamic banking laws The relationship of legal infrastructure to product development and risk management Islamic banks in takaful and capital markets Preconditions for effective bank supervision Sukuk structures and the capital markets Islamic bank insolvency and default The objectives of the conference The conduct of the conference 11:00 - 12:00 Session 2: Case Study 1: Sovereign and Inter-Governmental Organizations Sukuk Securitization Structure: Shari’ah Issues Legal Structure Market Acceptance Outcome 12:00 - 13:30 Session 3: Case Study 2: Sovereign and Inter-Governmental Organizations Sukuk – Analysis Syndication and Funding Credit Enhancement Rating Risk Secondary Market Potential Shari’ah-related Considerations Jurisdiction-related Considerations 15:00 - 16:00 Session 4: Case Study 1: Corporate Sukuk Securitization Structure: Shari’ah Issues Legal Structure Market Acceptance Outcome 16:15 - 17:30 Session 5: Case Study 2: Corporate Sukuk – Analysis Syndication and Funding Credit Enhancement Rating Risk Secondary Market Potential Shari’ah-related Considerations Jurisdiction-related Considerations Day 2 15/03/2006 09:00 - 10:20 Session 6: The Future for Sukuk Expanding Enabling Legislation Dealing with Restrictions on Foreign Ownership Expanding Enabling Infrastucture: Trusts and SPVs Cross Border Issues Islamic Money Market Instruments and Liquidity Management Risk Management and Monetary Policy Product Innovation Ratings and Shari`ah Risk 10:45 - 12:00 Session 7: Insolvency in Islamic Financial Institutions: A Survey of Relevant Legislation GCC Islamic banks Eastern Islamic banks Western Islamic banks The concepts of iflas and hajr al-madin and their consequences Responsibilities of IFIs to investment account holders and equity owners Responsibilities of IFIs to debtors 14:30 - 16:00 Closing Session: Panel Discussion on Preconditions for Effective Supervision and Stability Key Conclusions of the Conference Components of an Effective Legal Framework for Islamic Finance Supervision, Risk Management, and International Standards Downloadable Document(s) 1.) Event Session(s) - PDF Format

March 28, 2016 @ 8:00 AM - March 31, 2016 @ 3:30 PM

IFSB-FIS Workshop Series (Oman)

Crowne Plaza Muscat, Oman Muscat, Oman

This 4-day workshop is tailored for the regulatory and supervisory authorities and will cover the following IFSB Standards: IFSB-15: Revised Capital Adequacy Standard for Institutions Offering only Islamic Financial Services (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 Central Bank of Oman 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 28/03/2016 08:00 - 08:30 Registration 08:30 - 09:00 Opening Remarks and Group Photo 09:00 - 10:30 Session 1: IFSB-15: Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services (IIFS) Components of Capital Capital Conservation Buffer Countercyclical Buffer Case Study on Components of Capital for IIFS 10:30 - 11:00 Coffee Break 11:00 - 12:30 Session 2: IFSB-15: Revised Capital Adequacy Standard for IIFS Leverage Ratio Domestic Systemically Important Banks Case Study on Leverage Ratio Case Study on Countercyclical Buffer 12:30 - 13:30 Lunch and Prayer 13:30 - 15:30 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 Past Due Receivables & Other Assets Day 2 29/03/2016 08:30 - 10:00 Session 4: 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 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 5: 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 12:00 - 13:00 Lunch and Prayer 13:00 - 15:00 Session 6: IFSB-15: Revised Capital Adequacy Standard for IIFS Overview of Operational Risk Understanding Operational Risk in Islamic Finance Measuring Operational Risks Group Exercise Day 3 30/03/2016 08:30 - 10:00 Session 7: 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 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 8: IFSB-15: Revised Capital Adequacy Standard for IIFS Regulatory Capital for Sukūk in IIFS Capital Requirements for Sukūk Retained Securitisation Exposure Case Study 12:00 - 13:00 Lunch and Prayer 13:00 - 15:00 Session 9: 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 Day 4 31/03/2016 08:30 - 10:00 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 10:00 - 10:30 Coffee Break 10:30 - 12:00 Session 11: 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 12:00 - 13:00 Lunch and Prayer 13:00 - 15:00 Session 12: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Corporate and Shariah Governance Transparency and Market Discipline Consolidated and Home-host Supervision Case Study 15:00 - 15:30 Closing & Certificate Giving Ceremony Downloadable Document(s) 1.) Event Session(s) - PDF Format