Programme - Event Session(s) Date Time Topics Day 1 31/03/2015 IFSB SEMINAR ON ENHANCING FINANCIAL INCLUSION THROUGH ISLAMIC FINANCE 08:30 - 09:30 Registration 09:30 - 10:30 Opening & Keynote Session 10:30 - 11:00 Coffee break 11:00 - 12:30 Session 1: Promoting Financial Inclusion through Islamic Finance: Core Issues This session will discuss the importance of the roles as well as coordination amongst key stakeholders, including the government, regulatory and supervisory authorities and Islamic financial institutions in implementing action plans to enhance financial inclusion in their respective jurisdictions. This includes the promotion of consumer protection and financial education. The session also deliberates the work of the standard setting bodies and other relevant global bodies in financial inclusion to ensure the stability of the Islamic financial services industry. 12:30 - 14:00 Lunch & Prayers 14:00 - 15:30 Session 2: Enhancing the Capacity of Islamic Microfinance, Islamic SMEs and microTakāful to Alleviate Poverty and Contribute towards Sustainable Economic Growth This session will discuss the role of Islamic microfinance, Islamic SMEs and microTakāful in enhancing financial inclusion. The discussion will include product innovation and the role of technology to encourage easy access to and efficient provision of Islamic financial instruments. It also explores the key success factors and challenges in promoting financial inclusion for greater shared prosperity and economic growth. 15:30 - 16:00 Coffee break 16:00 - 17:30 Session 3: Panel Discussion - Policies and Strategies for Enhancing Financial Inclusion: Regulation, Stability and Innovation This session will discuss the role of regulators and standard setting bodies in supporting and increasing access to Islamic finance, introducing policy measures to broaden the level of financial inclusion and contribute to the delivery of high-quality financial services, as well as establishing cooperation frameworks for financial inclusion while ensuring the stability and resilience of the industry. Day 2 01/04/2015 09:30 - 12:30 7th IFSB Public Lecture on Financial Policy and Stability 12:30 - 14:30 Meet the Members and Industry Engagement Session (Lunch) 20:00 - 22:00 Welcome Dinner Day 3 02/04/2015 09:00 - 12:20 26th Meeting of the Council of the Islamic Financial Services Board 12:25 - 13:30 13th General Assembly 13:30 - 14:30 Lunch and Prayer 14:30 - 16:00 11th Islamic Financial Stability Forum Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Seminar on Enhancing Financial Inclusion through Islamic finance - List of confirmed speaker

The IFSB organised its 11th Islamic Financial Stability Forum (11th IFSF) on 2 April 2015, in Jakarta, Indonesia. The 11th IFSF was held in conjunction with the 26th Council Meeting of the IFSB, hosted by Bank Indonesia. Programme - Event Session(s) Date Time Topics Day 1 02/04/2015 14:30 - 14:40 Chairman’s Remarks H.E. Agus D.W. Martowardojo, Governor, Bank Indonesia 14:40 - 15:00 Presentation on the IFSB 2014 Standard Implementation Study: Cross-country Comparison Speakers: 1. Mr. Peter Casey, Consultant, Islamic Financial Services Board 2. Mr. Zahid ur Rehman Khokher, Assistant Secretary-General, Islamic Financial Services Board 15:00 - 15:20 Topic : Country Experience on the Implementation of the IFSB Standards H.E. Saeed Ahmad, Deputy Governor, State Bank of Pakistan 15:20 - 15:40 Topic : Country Experience on the Implementation of the IFSB Standards Mr. Khalid Hamad Abdulrahman, Executive Director of Banking Supervision, Central Bank of Bahrain 15:40 - 16:00 Discussion and Q&A Session Downloadable Document(s) 1.) Event Session(s) - PDF Format

The Asian Development Bank (ADB) and the IFSB organised a Panel Session with the theme "How Islamic Finance Can Contribute to Sustainable Growth in Asia" on 4 May 2015, in conjunction with the ADB Annual Meetings 2015 in Baku, Azerbaijan. The Panel Discussion is a continuation of the joint work of the two organisations in increasing the awareness of the role, potentials and opportunities offered by Islamic finance in Asia, especially for the common ADB and IFSB member countries. The Panel Discussion aimed to explore the potential role of Islamic finance in strengthening good governance, infrastructure financing and balancing public debt management. Five distinguished panelists and moderator were invited to speak at the Panel Discussion, to share their knowledge as well as best practices in the Islamic financial services industry at the global level, with a specific reference to Asia Pacific region. The ADB-IFSB joint-publication – Islamic Finance for Asia: Development, Prospects and Inclusive Growth, a resource for better understanding the Islamic financial services industry in Asia – was launched at the Panel Discussion. Programme - Event Session(s) Date Time Topics Day 1 04/05/2015 12:30 - 12:45 Arrival of Participants 12:45 - 13:30 Panel Session : How Islamic Finance Can Contribute to Sustainable Growth in Asia 13:30 - 13:45 Question & Answer 13:50 - 14:00 Launching of the IFSB-ADB Joint Publication Islamic Finance for Asia: Development, Prospects, and Inclusive Growth Downloadable Document(s) 1.) Event Session(s) - PDF Format

The Summit started with a Keynote Address (via live video) by The Right Honourable Karim Massimov, the Prime Minister of the Republic of Kazakhstan at the Opening Session of the 12th IFSB Summit. The host, H.E. Kairat Kelimbetov, Governor of the National Bank of Kazakhstan has gracefully launched the Islamic Financial Services Industry Stability Report 2015. 21 chairmen and speakers who were governors, deputy governor, heads as well as senior financial sector supervisors and experts from international financial institutions participated as speakers who panelled the following sessions: • Global Overview of the Islamic Financial Services Industry (IFSI): Trends and Policy Developments • New Regulatory Developments and the Impact on the Islamic Financial Services Industry • Role of the Core Principles for Islamic Finance in Enhancing Regulatory Consistency and Resilience of the Industry • Enabling Framework for the Assessment of Regulatory and Supervisory Regimes, and • Panel Discussion on "The New Silk Road: The Importance of Regulatory Cooperation for Cross-Border Integration" The Gala Dinner Keynote was delivered by Dr. Hamed Hassan Merah, the Secretary-General of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) on the evening of 20 May 2015. The 12th IFSB Summit was attended by more than 118 delegates from 25 countries comprising of senior officials from supervisory and regulatory bodies as well as representatives from international institutions, market players, accreditation, law firms, IT providers, insurance and  Takāful, academia as well as other stakeholders of the Islamic financial services industry.  Event Snapshots Programme - Event Session(s) Date Time Topics Day 1 18/05/2015 09:30 - 17:30 Focus Group Meeting on the Strategic Performance Plan 2016 - 2018 (For IFSB Members Only) Day 2 19/05/2015 PRE-SUMMIT EVENTS 09:00 - 10:00 Pre-Summit Event-1 : Meet the Members and Industry Engagement Session 10:00 - 11:00 Pre-Summit Event-2 : Industry Development Session by The World Bank (Free of Charge) 11:00 - 11:30 Coffee and Networking Break 11:30 - 13:00 Pre-Summit Event-3 : INCIEF - MIFC Business Forum (Free of Charge) 13:00 - 14:00 Lunch 14:00 - 16:00 Pre-Summit Event-4 : IFSB-IRTI Session on Mid-Term Review of the IFSI Development: Ten-Year Framework and Strategies (Free of Charge) 14:00 - 14:15 Registration 14:15 - 14:25 Opening and Welcoming Address 14:25 - 16:00 Presentation and Discussion on Fostering Integration of the IFSI: Progress of Initiatives and Challenges Faced by the Islamic Finance Jurisdictions 16:00 - 17:30 Pre-Summit Event-5 : Kazakhstan Country Showcase (Free of Charge) 17:30 - 18:00 Coffee and Networking Break 20:00 - 22:00 12th IFSB Summit Welcome Dinner (Hosted by the National Bank of Kazakhstan) For Summit Registered Participants Only Day 3 20/05/2015 12TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT - DAY 1 12TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT - GALA DINNER 08:30 - 09:30 Registration 09:30 - 10:30 Opening & Keynote Session 10:30 - 11:00 Coffee and Networking Break 11:00 - 12:30 Session 1 : Global Overview of the Islamic Financial Services Industry (IFSI): Trends and Policy Developments This session aims to analyse the current level of development of the legal and regulatory frameworks in Islamic finance, with a focus on the performance and potential growth of the industry. 12:30 - 14:00 Lunch 14:00 - 15:30 Session 2 : New Regulatory Developments and the Impact on the Islamic Financial Services Industry The session aims to highlight the new regulatory developments in the global financial system that seek to promote financial stability, as well as the impact of these developments on and the challenges for regulatory and supervisory authorities and institutions offering Islamic financial services in implementing them. 15:30 - 16:00 Coffee and Networking Break 16:00 - 17:30 Session 3 : Role of the Core Principles for Islamic Finance in Enhancing Regulatory Consistency and Resilience of the Industry This session aims to explore measures to bring the IFSI to its next level of development by enhancing consistency in supervision and implementation of global standards across borders. This stresses the need for having a minimum international standard on sound regulatory and supervisory practices for the effective supervision of the IIFS, which would help enhance the resilience as well as protect the consumers and other stakeholders of the industry. 19:00 - 22:00 12th IFSB Summit - Gala Dinner 19:00 Welcome Reception 20:00 Gala Dinner Day 4 21/05/2015 12TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT - DAY 2 09:30 - 11:00 Session 4 : Enabling Framework for the Assessment of Regulatory and Supervisory Regimes This session focuses on the need to have an enabling framework that meets the pre-conditions of sound regulation and supervision in order to facilitate the development of a surveillance infrastructure for Islamic finance. 11:00 - 11:30 Coffee and Networking Break 11:30 - 13:00 Session 5 : Panel Discussion on "The New Silk Road: The Importance of Regulatory Cooperation for Cross-Border Integration" This session aims to explore the opportunities offered by the new Silk Road and emerging Islamic finance jurisdictions in Asia and Europe as well as the importance of regulatory cooperation to grow and develop the IFSI in a manner that encourages cross-border integration moving forward. 13:00 - 14:00 Lunch   Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) The Intercontinental Hotel : Hotel Reservation Form 3.) The Ritz Carlton Hotel : Hotel Reservation Form 4.) The Rixos Almaty Hotel : Hotel Reservation Form 5.) Visa Information Form to Almaty

The recent Global Financial Crisis (GFC) stresses the importance of liquidity management in international financial markets during both stress and normal conditions. A robust and stable liquidity management framework would be one of the key dynamics in shaping the future growth of the Islamic finance industry, especially on how such framework addresses the current outstanding issues related to liquidity management, at both the practical and regulatory levels. The IFSB-INCEIF Executive Forum, in its 7th edition, addresses this important issue with the theme “Building Momentum for Islamic Liquidity Management”. The Executive Forum aims to provide new insights on the interactions between internal liquidity and external funds (e.g. profit-sharing investment accounts, Sukūk, etc.) as well as show how these interactions affect both the way an IIFS contemplates its financial decisions, and how regulators formulate appropriate liquidity risk management policies. This Executive Forum aims to bring together global leaders from among the market players, regulators as well as the academic domain to discuss a wide spectrum of liquidity management issues. The speakers will provide their expertise — through panel sessions, discussion groups, and practical case studies — on the ongoing opportunities and challenges in the existing infrastructure for managing liquidity risks in Islamic finance. The Executive Forum will also include deliberations on the new developments in the regulatory landscape, with a special focus on the emerging liquidity risk management requirements, such as the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR), in addition to how these requirements can encompass Islamic finance specificities. Furthermore, the participants will also be exposed to the liquidity risk management infrastructure in Islamic finance, especially to Sharī`ah-complaint High Quality Liquid Assets (HQLA), Sharī`ah-compliant Deposit Insurance and Lender of Last Resort (LOLR). A key feature of the Executive Forum is a Panel Discussion where participants have the opportunity to share information and experiences from both supervisors and market players on the challenges and strategies for developing an effective Islamic liquidity management framework. For more information on the Executive Forum, please email Mr. Hamizi Hamzah at [email protected] Programme - Event Session(s) Date Time Topics Day 1 03/06/2015 08:30 - 09:30 Morning Coffee and Registration 09:30 - 09:45 Opening and Welcoming Remarks 09:45 - 11:00 Session 1: The Role of an International Liquidity Architecture in a Global Financial Crisis The Importance of Managing Liquidity in a Global Financial Crisis Causes of Liquidity Stress During a Global Financial Crisis Opportunities and Challenges in the Existing Liquidity Risk Management Framework 11:00 - 11:30 Group Photo and Coffee Break 11:30 - 13:00 Session 2: Liquidity Risk Management Infrastructure: The Regulators Role Regulatory Responsibilities in Developing An Appropriate Liquidity Risk Framework Regulatory Roles in Providing Liquidity During Market Stress Contingency Planning and the Development of Liquidity Infrastructure 13:00 - 14:00 Lunch and Prayer 14:00 - 15:30 Session 3: Global Liquidity Risk Management Requirements: Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) and their Compatibility with Institutions offerings Islamic Financial Services (IIFS) Recent Global Regulatory Developments in Liquidity Risk Management Incorporating Global Standards into National Regulations Assessing the Capacity of IIFS to Adapt New Liquidity Risk Management Requirements 15:30 - 16:00 Coffee Break 16:00 - 17:30 Session 4: Ensuring a Robust Liquidity Management Framework: Key Issues Sharī`ah-complaint High Quality Liquid Assets (HQLA) and Secondary Market Facilities Sharī`ah-compliant Safety Nets Sharī`ah-compliant Lender of Last Resort (SLOLR) Day 2 04/06/2015 08:30 - 09:30 Morning Coffee 09:30 - 11:00 Session 5: Resilience of the Current Liquidity Management Instruments in the IFSI Commodity Murābahah Transaction (CMT): Practical and Sharī`ah issues Short-term Liquidity Sukūk: Theoretical Aspects and Practical Concerns Islamic Inter-Bank Money Market: Identifying Current Issues and Future Challenges 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 6: Liquidity Risk Management Mechanisms: Monitoring, Supervising and Stress Testing Macro Stress Tests: Macro Prudential Toolkit Current Practices and Emerging Trends in Liquidity Risk Supervision Bottom-up Liquidity Stress Tests and Weaknesses in Wholesale Funding among IIFS 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 7: Panel Discussion on Developing a Global Islamic Liquidity Management Framework: A Practical Approach The Case of IILM: Sukūk Structure and Issuance, and Challenges Ahead Practical Issues: Sharī`ah-complaint HQLA, treatment of PSIA and Sharī`ah-compliant repo mechanisms Monitoring Tools and Challenges for Efficient Cross-border Liquidity Risk Management 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 - 7th IFSB-INCEIF Executive Forum 3.) Hilton Kuala Lumpur - Rates 4.) Hotel Majestic Kuala Lumpur - Rates and Reservation Form 5.) JW Marriott Kuala Lumpur - Rates and Reservation Form

The recent decade has witnessed the accelerated development of the Islamic capital market industry, particularly of the global Sukūk market which is providing a unique platform for fostering greater international economic and financial linkages. The 2nd edition IFSB-BIBF Islamic Finance Executive Programme with the theme “Towards a Vibrant Islamic Capital Market: Opportunities and Challenges” will focus on key areas that are expected to be catalysts in driving the Islamic capital market into the next phase of growth and development from the perspectives of the market practitioners, regulators and academia. This Islamic Finance Executive Programme aims to promote an informed analysis and understanding of Islamic capital markets through discussions of topical and contemporary issues as well as of prospects and challenges relating to Islamic capital market products and services. The sessions will include analysis and deliberations on current trends and developments of Islamic capital markets as well as a focus on key innovations in Sukūk structures such as perpetual Sukūk, and prospects for cross-border Sukūk. Participants will be exposed to issues related to the development of new markets, Islamic Collective Investment Schemes (ICIS), Sharī`ah-compliant hedging, as well as the role of the regulatory and supervisory authorities in ensuring market integrity, transparency and protection of investors. To date, the following speakers are confirmed to speak at the Islamic Finance Executive Programme: Mr. Farid Abderrezak, Vice President Structurer, BNP Paribas, Bahrain Mr. Hani Almandeel, Director, Marketing & Business Development, Bahrain Bourse Mr. Ijlal A. Alvi, CEO, International Islamic Financial Market, Bahrain Mr. Andri Aidham Badri, Partner, Kadir Andri & Partners, Malaysia Dr. Mohammed Burhan Arbouna, Executive Vice President, Head of Shari`ah Compliance, Al Salam Bank, Bahrain Mr. Bernard Barbour, Head of Legal, Compliance & Sharia'a Affairs, QInvest, Qatar Mr. Lilian Le Falher, Executive Manager, Treasury, FI's & Capital Markets, KFH Bahrain Mr. Badlisyah Abdul Ghani, President, Chartered Institute of Islamic Finance Professional (CIIF), Former CEO, CIMB Islamic, Malaysia Mr. Hani Redha, Former Head of the Centre for Islamic Finance, BIBF, Bahrain For more information on this Islamic Finance Executive Programme, please email Mr. Hamizi Hamzah at [email protected] Programme - Event Session(s) Date Time Topics Day 1 05/10/2015 08:30 - 09:30 Welcome Coffee and Registration 09:30 - 09:45 Welcoming Remarks 09:45 - 11:00 Session 1: Development of the Islamic Capital Market (ICM): Progress and Trends Overview of the Current Trends in the ICM Enhancing the Development of the ICM Infrastructure Recognising the Potential of the ICM 11:00 - 11:30 Group Photo and Coffee Break 11:30 - 13:00 Session 2: Innovative Sukūk Structures: A New Path for the Growth of ICM Perpetual Sukūk: A Modern Initiative for Equity-based Capital Prospects for Cross-border Sukūk Sukūk Advancements Proposed in the IFSB-15 13:00 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 3: Sharī`ah-compliant Hedging Instruments: Addressing the Market Risk Management Needs of the Industry Hedging as a Risk Management Technique in the Islamic Financial Services Industry Sharī`ah -compliant Hedging Strategies and Tools Regulatory Views on Sharī`ah -compliant Hedging 15:30 - 16:00 Coffee Break 16:00 - 17:30 Session 4: Islamic Real Estate Investment Trusts (I-REITs): An Emerging Asset Class for Wealth Management Analysing the Performance of I-REITs : Lessons learnt Examining the Outlook for I-REITs in Key Regions The Need for an Adequate Regulatory Framework for I-REITs Day 2 06/10/2015 08:30 - 09:30 Welcome Coffee and Registration 09:30 - 11:00 Session 5: Islamic Collective Investment Schemes (ICIS): Promoting Strong Foundations Opportunities in ICIS: New Markets and Forecasts Current Challenges in the Development of ICIS Strengthening the Regulatory Framework for ICIS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 6: The Role of Human Capital Development in ICM Evolution 13:00 - 14:00 Lunch and Prayers 14:00 - 16:00 Session 7: Panel Discussion on Building a Vibrant Islamic Capital Market: Key Issues and Challenges Examining the Resilience of the Current ICM Infrastructures Enhancing the Current Legal Framework for the ICM Strengthening the Sharī`ah Framework of ICM 16:00 - 16:15 Closing & Certificate Giving Ceremony 16:15 - 16:45 Coffee Break Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Brochure - 2nd IFSB-BIBF Islamic Finance Executive Programme 3.) Registration Form