
IFSB-FIS Workshop on IFSB Standards for Regulatory and Supervisory Authorities for the Islamic Capital Market and Takaful sectors
Training Room 2.1 & 2.2, Sasana Kijang, Bank Negara Malaysia Kuala Lumpur, MalaysiaThis Workshop is open to regulatory and supervisory authorities for the Islamic Capital Market and Takaful sectors of the IFSB member countries. It intends to be a Train The Trainer programme for the staff on the IFSB Standards, and 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 more information, please email to Mr. Hamizi Hamzah at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 03/11/2014 09:00 - 09:30 Morning Coffee & Registration 09:30 - 09:45 Opening & Welcoming Address 09:45 - 11:15 Session 1: Introduction to Islamic Capital Markets Products of Islamic Capital Markets Development Trends in Islamic Capital Markets Contemporary Issues, Outlook and Challenges 09:45 - 11:15 Session 1: Introduction to Islamic Finance and Takāful (Islamic Insurance) and IFSB-8: Guiding Principles on Governance for Takāful Undertakings Independence and Integrity of Governance Organs Protection of Rights and Interests of Takāful Participants Appropriate Disclosures to Material and Relevant Information 11:15 - 11:30 Group Photo and Coffee Break 11:30 - 13:00 Session 2: IFSB-6: Governance for Islamic Collective Investment Schemes (ICIS) Scope of ICIS Governance General Governance Approaches of ICIS Transparency and Disclosure 11:30 - 13:00 Session 2: IFSB-14: Standard on Risk Management for Takāful Undertakings Specificities of Takāful Undertakings Relevant to Risk Management Risk Arising from Segregation of Funds Risk Relating to The Use of Retakāful 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 3: IFSB-6: Governance for ICIS Compliance with Sharī’ah Rules and Principles Additional Protection for ICIS Investors Case Studies 14:00 - 16:00 Session 3: IFSB-14: Standard on Risk Management for Takāful Undertakings Key Elements in the Supervisory Review Process of Risk Management for Takāful Undertakings Systemic Risk Considerations in Takāful Case Studies 16:00 - 16:30 Coffee Break Day 2 04/11/2014 09:00 - 09:30 Morning Coffee 09:30 - 11:00 Session 4: IFSB-15: Revised Capital Adequacy Standard for IIFS Features of Sukūk and Securitisation Securitisation Process for Sukūk Structuring Parties in Securitisation Exposures Structure 09:30 - 11:00 Session 4: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Specificities of Solvency Requirements for Takāful Valuation of Assets and Liabilities Total Balance Sheet Approach 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5: IFSB-15: Revised Capital Adequacy Standard for IIFS Various Types of Sukūk Structuring Capital Requirements for Sukūk Case Studies 11:30 - 13:00 Session 5: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Solvency Control Levels Criteria for Assessing the Quality and Suitability of Solvency Resources in the Takāful and Shareholders’ Funds Case Studies 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 6: Strategies and Policies for Developing ICM: Sharing of Country Experiences Development Trends in Islamic Capital Markets Contemporary Issues, Outlook and Challenges Supervisory Challenges in Developing Islamic Capital Market 14:00 - 16:00 Session 6: Special Session on Sharing of Country Experiences Development Trends in Takāful Operation Contemporary Issues, Outlook and Challenges Supervisory Challenges in Takāful Operation 16:00 - 16:30 Coffee Break Day 3 05/11/2014 09:00 - 09:30 Morning Coffee 09:30 - 11:00 Session 7: IFSB-9: Conduct of Business Islamic Perspective on Conduct of Business Conduct of Business and Financial Stability IFSB Recommendations on Conduct of Business Case Studies 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8: IFSB-10: Sharīah Governance System General Governance Approach to Sharīah Governance System Requirements on the Competence of Personnel Undertaking the Sharīah Governance System Independent Exercise of the Sharīah Board Members on Sharīah -related Matters 13:00 - 14:00 Lunch and Prayer 14:00 - 16:00 Session 9: IFSB-10: Sharīah Governance System Confidentiality of Sharīah Board Members on Internal Information Consistency of Opinions Across Different Institutions by Sharīah Board Members Case Studies 16:00 - 16:15 Closing & Certificate Giving Ceremony 16:15 - 16:30 Coffee Break Downloadable Document(s) 1.) Event Session(s) - PDF Format