Events Search and Views Navigation

Event Views Navigation

Today

IFSB-FIS Workshops for Regulatory and Supervisory Authorities for the Banking Sector

Sasana Kijang kuala lumpur, Malaysia

Participation is BY INVITATION only. For more information on the Workshops, please email Mrs. Azizakhon Yarlaeva at [email protected] Programme - Event Session(s) Date Time Topics Day 1 25/11/2013 DAY 1 09:00 - 09:30 Registration 09:30 - 09:50 Opening Session: Opening Remarks by the IFSB 09:50 - 11:10 Islamic Finance: Concept and Contracts and Risks Implication for IIFS Overview of Prudential Issues in IIFS 11:10 - 11:30 Coffee Break 11:30 - 13:00 IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) Credit Risk & Supervisory Perspective Equity Investment Risk & Supervisory Perspective Operational Risk & Supervisory Perspective Market Risk & Supervisory Perspective Liquidity Risk & Supervisory Perspective Rate of Return Risk & Supervisory Perspective 13:00 - 14:00 Lunch & Prayers 14:00 - 16:00 Case Studies and Experience Sharing Case Studies on Risk Management 16:00 - 16:30 Coffee Break Day 2 26/11/2013 DAY 2 09:30 - 11:30 Public Hearing of the Exposure Draft – 16: Revised Guidance on Key Elements in the Supervisory Review Process of Institutions Offering Islamic Financial Services (IIFS) 11:30 - 12:00 Coffee Break 12:00 - 13:00 Challenges in Liquidity Risk Management from Global Perspective and Implications for IIFS Significance of Liquidity Risk Management for Financial Institutions in Post-crisis World 13:00 - 14:00 Lunch & Prayers 14:00 - 16:00 Challenges in Liquidity Risk Management from Global Perspective and Implications for IIFS (Cont.) The Regulatory Response to Global Financial Crisis – Initiatives of Global Standard Setters and Supervisory Authorities Challenges in Liquidity Risk Managements by IIFS Experience sharing by Central Bank of Sudan on Liquidity Risk Management Supervision 16:00 - 16:30 Coffee Break Day 3 27/11/2013 DAY 3 09:30 - 11:00 Guiding Principles on Liquidity Risk Management of IIFS Funding and Market Liquidity Risk Necessary Conditions for an Effective Liquidity Risk Management in IFSI Governance Structure: Role of the Board of Directors and Senior Management Identification of Liquidity Risk Interactions of Liquidity Risk and Implications of Islamic Financing Contracts Case Study – 1: Liquidity Risk and Financial Distress in an IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Guiding Principles Liquidity Risk Management for Supervisory Authorities Responsibility for Supervision of Liquidity Risk & Need for Supervisory Regulations Supervisors’ Role as Provider of Liquidity Support Supervision of Liquidity Risk at Consolidated Level Case Study – 2: Supervisory arrangements for Shari’ah compliant Lender of Last Resort and other Liquidity Support to IIFS Experience sharing by Bank Negara Malaysia on Liquidity Risk Management Supervision 13:00 - 14:00 Lunch & Prayers 14:00 - 16:00 Understanding Stress Testing for Financial Institutions Stress Testing as a Risk Management Tool Stress Testing and Global Financial Crisis International Guidance on Stress Testing and Gap Analysis Necessary Conditions For An Effective Stress Testing Regime IFSB Comprehensive Stress Testing Framework for IIFS 16:00 - 16:30 Coffee Break Day 4 28/11/2013 DAY 4 09:30 - 00:00 Guiding Principles on Stress Testing for IIFS Governance Aspects of the Stress Testing Framework Identification of Risk Factors and Coverage of Scenarios Specific Elements of IIFS in Stress Testing Stress Testing Methodologies FSAP and Stress Testing 11:00 - 11:30 Coffee Break 11:30 - 13:00 Simulations and exercises on: How to Conduct “Micro level (or IIFS level) Stress Testing” Factors and Scenarios to Consider for Micro Stress Testing How to Conduct “Macro-level (or system-wide) Supervisory Stress Testing Factors and Scenarios to Consider for Macro-level Stress Testing 13:00 - 14:00 Lunch & Prayers 14:00 - 16:00 Exercises/Case Studies on Stress Testing for Selected IIFS Different IIFS’ Portfolios Related Stress Testing Capital Requirements Stress Testing Credit Risk Related Stress Testing Liquidity (i.e. funding and/or market liquidity) Risk Related Stress Testing Shari’ah Non-compliance Stress Testing under Operational Risk Profitability Related Stress Testing 16:00 - 16:30 Coffee Break Day 5 29/11/2013 DAY 5 09:30 - 12:00 Guiding Principles on Stress Testing for Supervisory Authorities Regular and Comprehensive Assessments of IIFS’ Stress Testing Supervisory Evaluation of an IIFS’s Stress Testing Methodology Designing and Implementing System-Wide Stress Tests and Frequencies Corrective Actions & Regular Supervisory Dialogue with IIFS and the Industry Cross-border Issues and Home-Host Coordination Stress Testing Reporting Disclosures and Format 12:00 - 12:30 Closing Ceremony 12:30 - 13:30 Lunch & Jumma Prayers Downloadable Document(s) 1.) Event Session(s) - PDF Format

The IFSB Public Hearing on ED16: Revised Guidance on Key Elements in the Supervisory Review Process of IIFS

Sasana Kijang kuala lumpur, Malaysia

In line with the IFSB due process for the development of Standards and Guiding Principles, a Public Hearing will be held for  Exposure Draft 16: Revised Guidance on Key Elements in the Supervisory Review Process of Institutions Offering Islamic Financial Services (Excluding Islamic Insurance (Takāful) institutions and Islamic Collective Investment Schemes). For more information on the Public Hearing, please email to Ms. Nur Khairun Nissa at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 26/11/2013 09:00 - 09:30 Registration 09:30 - 11:00 Presentation on Exposure Draft – 16: Revised Guidance on Key Elements in the Supervisory Review Process of Institutions Offering Islamic Financial Services (IIFS) 11:00 - 11:30 Question and Answer 11:30 - 12:00 Coffee Break

The IFSB Public Hearing on ED16: Revised Guidance on Key Elements in the Supervisory Review Process of IIFS

The Ritz-Carlton Sharq Village & Spa Doha, Qatar Doha, Qatar

In line with the IFSB due process for the development of Standards and Guiding Principles, a Public Hearing will be held for  Exposure Draft 16: Revised Guidance on Key Elements in the Supervisory Review Process of Institutions Offering Islamic Financial Services (Excluding Islamic Insurance (Takāful) institutions and Islamic Collective Investment Schemes). For more information on the Public Hearing, please email to Ms. Nur Khairun Nissa at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 09/12/2013 09:00 - 09:30 Registration 09:30 - 11:00 Presentation on Exposure Draft – 16: Revised Guidance on Key Elements in the Supervisory Review Process of Institutions Offering Islamic Financial Services (IIFS) 11:00 - 11:30 Question and Answer 11:30 - 12:00 Coffee Break Downloadable Document(s) 1.) Event Session(s) - PDF Format

8th Islamic Financial Stability Forum : Financial Reforms in Response to the Global Financial Crisis: Lessons from the Basel-Process for the Islamic Financial Services Industry

- Bali, Indonesia

The IFSB organised its 8th Islamic Financial Stability Forum (8th IFSF) on 10 December 2013, in Qatar. The 8th IFSF was held in conjunction with the 23rd Council Meeting of the IFSB, hosted by Qatar Central Bank. Programme - Event Session(s) Date Time Topics Day 1 10/12/2013 17:00 - 17:10 Chairman’s Remarks H.E. Sheikh Abdulla Bin Saoud Al-Thani, Governor, Qatar Central Bank 17:10 - 18:10 Progress of Financial Reforms Post Crisis Performance of the financial services industry post crisis Financial regulatory and supervisory reform: Development, implementation and progress to date Strengthening the stability and resilience of the financial services industry moving forward: Strategies and challenges in implementation Speaker: Karl F. Cordewener, Deputy Secretary-General, Basel Committee for Banking Supervision, Bank for International Settlements Discussants: 1. Dr. Mulya E. Siregar, Assistant Governor, Bank Indonesia 2. Professor Simon Archer, Visiting Professor ICMA Centre, Henley Business School, University of Reading, UK 18:10 - 18:30 Coffee and Networking Break End of Forum Downloadable Document(s) 1.) Event Session(s) - PDF Format

IFSB – FIS Workshop Series (Nigeria): IFSB-8, IFSB-12, IFSB-13, IFSB-14

- Bali, Indonesia

This Workshop is hosted by the Central Bank of Nigeria (CBN). These Workshops will cover the following IFSB Standards and Guiding Principles: IFSB-8: Guiding Principles on Governance for Takâful (Islamic Insurance) Undertakings IFSB-12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services IFSB-13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services IFSB-14: Guiding Principle on Risk Management for Takāful (Islamic Insurance) Udertakings Participation in these Workshops are by INVITATION only. For more information on these Workshops, please email to Ms. Yazmin Aziz at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 13/01/2014 IFSB - FIS WORKSHOPS - DAY 1 09:00 - 09:30 Registration 09:30 - 09:50 Opening Session 09:50 - 11:30 Session 1: Islamic Finance: Concept and Contracts in Islamic Finance Specificities of Islamic Finance 11:30 - 11:45 Coffee Break 11:45 - 13:00 Session 2 : Fundamentals of Islamic Banking Islamic Banking Operations and Products 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 3: Takāful Principles Takāful Models Prudential Issues in Takāful 16:00 - 16:30 Coffee Break End of Workshop - Day 1 Day 2 14/01/2014 IFSB- FIS WORKSHOPS - DAY 2 09:30 - 11:30 Session 1: IFSB-14: Standard On Risk Management for Takāful (Islamic Insurance) Undertakings Specificities of Takāful (Islamic Insurance) Undertakings Relevant to Risk Management Significant Risks of Particular Relevance to Takāful 11:30 - 12:00 Coffee Break 12:00 - 13:00 Session 2: IFSB-14: Guiding Principle on Risk Management for Takāful (Islamic Insurance) Udertakings Enterprise Risk Management Key elements in the supervisory review process of risk management for Takāful undertakings Systemic risk considerations in Takāful 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 3: IFSB-8: Guiding Principles on Governance for Takâful (Islamic Insurance) Undertakings Reinforcement of Relevant Good Governance Practices Independence and Integrity of Governance Organs Appropriate Code of Ethics and Conduct Protection of Rights and Interests of Takāful Participants Appropriate Disclosures to Material and Relevant Information 16:00 - 16:30 Coffee Break End of Workshop - Day 2 Day 3 15/01/2014 IFSB - FIS WORKSHOPS - DAY 3 09:30 - 11:00 Session 1: Challenges in Liquidity Risk Management from Global Perspective and Implications for IIFS Significance of Liquidity Risk Management for Financial Institutions in Post-crisis World The Regulatory Response to Global Financial Crisis – Initiatives of Global Standard Setters and Supervisory Authorities Challenges in Liquidity Risk Managements by IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2: IFSB-12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services Funding and Market Liquidity Risk Necessary Conditions for an Effective Liquidity Risk Management in IFSI Governance Structure: Role of the Board of Directors and Senior Management Identification of Liquidity Risk Interactions of Liquidity Risk and Implications of Islamic Financing Contracts Case Study – 1: Liquidity Risk and Financial Distress in an IIFS 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 3: IFSB-12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services Responsibility for Supervision of Liquidity Risk & Need for Supervisory Regulations Supervisors’ Role as Provider of Liquidity Support Supervision of Liquidity Risk at Consolidated Level Case Study – 2: Supervisory arrangements for Shari’ah compliant Lender of Last Resort and other Liquidity Support to IIFS 16:00 - 16:30 Coffee Break End of Workshop - Day 3 Day 4 16/01/2014 IFSB - FIS WORKSHOPS - DAY 4 09:30 - 11:00 Session 1: Understanding Stress Testing for Financial Institutions Stress Testing as a Risk Management Tool Stress Testing and Global Financial Crisis International Guidance on Stress Testing and Gap Analysis Necessary Conditions For An Effective Stress Testing Regime IFSB Comprehensive Stress Testing Framework for IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2: IFSB-13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services Governance Aspects of the Stress Testing Framework Identification of Risk Factors and Coverage of Scenarios Specific Elements of IIFS in Stress Testing Stress Testing Methodologies FSAP and Stress Testing 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 3: Simulations and Exercises How to Conduct “Micro level (or IIFS level) Stress Testing” Factors and Scenarios to Consider for Micro Stress Testing 16:00 - 16:30 Coffee Break End of Workshop - Day 4 Day 5 17/01/2014 IFSB - FIS WORKSHOPS - DAY 5 09:30 - 12:00 Session 1: IFSB-13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services Regular and Comprehensive Assessments of IIFS’ Stress Testing Supervisory Evaluation of an IIFS’s Stress Testing Methodology Designing and Implementing System-Wide Stress Tests and Frequencies Corrective Actions & Regular Supervisory Dialogue with IIFS and the Industry Cross-border Issues and Home-Host Coordination Stress Testing Reporting Disclosures and Format 12:00 - 12:30 Closing Session 12:30 - 13:30 Lunch & Jumaah Prayer End of Workshop - Day 5 Downloadable Document(s) 1.) Event Session(s) - PDF Format

IFSB-FIS Workshop Series (Sudan): IFSB-7, IFSB-15, GN-3, GN-4

- Bali, Indonesia

This Workshop is hosted by the Central Bank of Sudan (CBoS). This Workshop will cover the following IFSB Standards and Guiding Principles: IFSB-7: Capital Adequacy Requirements for Sukuk, Securitisations and Real Estate Investments IFSB-15: Revised Capital Adequacy Standard for Institutions offering Islamic Financial Services (other than Takaful Institutions and Islamic Collective Investment Schemes) GN-3: Guidance Note on the Practice of Smoothing the Profits Payout to Investment Account Holders GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio Participation in the Workshop is by INVITATION only. For more information on these Workshops, please email to Mrs. Ida Shafinaz Ab. Malek at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 18/02/2014 DAY 1: 18 FEBRUARY, TUESDAY 09:00 - 09:30 Registration 09:30 - 09:45 Opening Session Opening Speech by the IFSB Welcoming Speech by the CBoS 09:45 - 11:15 Guidance Note on the Practice of Smoothing the Profit Payout to Investment Account Holders (GN-3) Features of Various of Smoothing Techniques Identified Industry Practices Issues Related to Smoothing Practices 11:15 - 11:30 Coffee Break 11:30 - 13:00 Prudential Issues for Sukuk Instruments (IFSB-7) Sukuk Structures Collateral Security Structures Risks in Securitisation Structures Operational Requirements Pertaining to Sukuk and Securitisations 13:00 - 14:00 Lunch and Prayers 14:00 - 16:00 Prudential Issues for Sukuk Instruments (IFSB-7) Cont'd Credit Risk Mitigation for Securitisation Exposures Credit Enhancement for Shariah Compliant Securitisation Case Studies 16:00 - 16:30 Coffee Break End of Day 1 Day 2 19/02/2014 DAY 2: 19 FEBRUARY, WEDNESDAY 09:30 - 11:00 Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio (GN-4) Background of the Guidance Note Understanding Management of Profit-Sharing Investment Account (PSIA) Understanding the Concept of Alpha and DCR 11:00 - 11:30 Coffee Break 11:30 - 13:00 Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio (GN-4) Measurement of Risk Sharing in PSIA The Determination of Alpha and Displaced Commercial Risk (DCR) Role of Supervisory Authority in Determination of Alpha and DCR 13:00 - 14:00 Lunch and Prayers 14:00 - 16:00 Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio (GN-4) An Algebraic Approach for Measuring DCR and Alpha Case Studies 16:00 - 16:30 Coffee Break End of Day 2 Day 3 20/02/2014 DAY 3: 20 FEBRUARY, THURSDAY 09:30 - 11:00 Introduction to Regulatory Capital (IFSB-15) Component of Capital Regulatory Adjustments and Deductions Time Frame for Adoption of the New Capital Requirements 11:00 - 11:30 Coffee Break 11:30 - 13:00 Special Session on Recent Developments in Capital Adequacy Framework (IFSB & Basel) 13:00 - 14:00 Lunch and Prayers End of Workshop Downloadable Document(s) 1.) Event Session(s) - PDF Format

Meet the Members Session

Central Bank of Sudan Khartoum, Sudan

Event Snapshots Programme - Event Session(s) Date Time Topics Day 1 18/02/2014 12:00 - 12:10 Registration and Arrival of Guests 12:10 - 12:20 Welcoming Remarks 12:20 - 13:10 Interactive Session Presentation on IFSB Standard Implementation Survey and FIS Initiatives in Views of the Strategic Performance Plan 13:10 - 14:00 Lunch Downloadable Document(s) 1.) Event Session(s) - PDF Format

6th Seminar on the Regulation of Takaful

Lebdah Hall B, Corinthia Hotel Khartoum, Sudan

The 6th Seminar on the Regulation of Takaful, hosted by the Insurance Supervisory Authority of Sudan, was held on 19 February 2014 in Khartoum. The Seminar is part of the IFSB Seminar on Takaful series. The Seminar aimed to deepen understanding on pertinent issues relating to the regulation of Takaful, taking into consideration on the changing dynamics of the industry. Mr. Jaseem Ahmed, Secretary General of the IFSB and Mr. Nasr Eldeen Mohammad Omar, Chairman of Board of Directors, Insurance Supervisory Authority delivered the opening and welcoming speech respectively. 12 chairpersons and speakers who were senior financial sector supervisors, market players, and experts from international financial institutions were invited to discuss the following issues at the Seminar. The topics that were discussed in the Seminar were as follows: - Global Takaful Industry’s Development: Growth and Challenges - Solvency’s Quantitative Guide: Will a standardised approach ensure a stable and safe environment for the industry, or should the industry be given the flexibility to diversify its solvency requirements? - Retakaful Industry: Legal and Regulatory Developments and Ongoing Challenges -The Way Forward for Emerging Markets in establishing an effective regulatory framework, the right mix of product offerings whilst ascertaining the compliance to Shariah principles The Seminar saw the attendance of 64 participants from government, regulatory and supervisory bodies and industry players. Event Snapshots Programme - Event Session(s) Date Time Topics Day 1 19/02/2014 6TH SEMINAR ON REGULATION OF TAKAFUL - CURRENT REGULATORY ISSUES FACING THE ISLAMIC FINANCIAL INDUSTRY 09:00 - 09:30 Registration 09:30 - 10:00 Opening and Keynote Session 10:00 - 11:15 Session 1: Global Takaful Industry's Development: Growth and Challenges Industry Updates: Achievements and challenges facing the industry in past years Restructuring Exercise: A prediction of growth or contraction of the industry Rising Regulatory challenges due to complexity of cross border transactions 11:15 - 11:45 Networking Session and Coffee Break 11:45 - 13:00 Solvency’s Quantitative Guide: Will a standardized approach ensure a stable and safe environment for the industry, or should the industry be given the flexibility to diversify its solvency requirements? Reality check: Implementation of IFSB-11 and Solvency II IAIS’ capital resources guidance and direction of the future Capital resources of the existing Takaful Operators (TOs) Adoption of quantitative guide by existing TOs 13:00 - 14:30 Lunch and Prayers 14:30 - 15:45 Retakaful Industry: Legal and Regulatory Developments and Ongoing Challenges Legal and regulatory challenges facing the Retakaful business Product structures and models for Retakaful: Moving toward convergence? Shariah governance of Retakaful Operators Dealing with limitations in the investment activities for Retakaful Operators Areas of improvement for Retakaful services 15:45 - 16:00 Networking Session and Coffee Break 16:00 - 17:15 Panel Discussion: The Way Forward for Emerging Markets in establishing an effective regulatory framework, the right mix of product offerings whilst ascertaining the compliance to Shariah principles The development of regulatory framework for emerging markets The expansion of micro-takaful initiatives to ensure financial inclusion The direction of the emerging market: Maintaining the existing Takaful models or venturing into new models Downloadable Document(s) 1.) Event Session(s) - PDF Format

IFSB-FIS Workshop Series (Sudan) Takaful: IFSB-14

Khartoum Khartoum, Sudan, Sudan

This Workshop is hosted by the Central Bank of Sudan (CBoS). This Workshop will cover IFSB-14: Guiding Principle on Risk Management for Takaful (Islamic Insurance) Undertakings. This Workshop is OPEN TO ALL. However, there will be a charge of USD50 for non IFSB-member. For more information on these Workshops, please email to Mrs. Ida Shafinaz Ab. Malek at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 20/02/2014 20 FEBRUARY, THURSDAY 09:00 - 09:30 Registration 09:30 - 09:45 Opening Session 09:45 - 11:15 Session 1: Takaful Principles Takaful Models Prudential Issues in Takaful 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2: IFSB-14: Guiding Principle on Risk Management for Takaful (Islamic Insurance) Undertakings Specificities of Takaful (Islamic Insurance) Undertakings Relevant to Risk Management Significant Risks of Particular Relevance to Takaful Enterprise Risk Management 14:00 - 16:00 Session 3: IFSB-14: Guiding Principle on Risk Management for Takaful (Islamic Insurance) Undertakings Key Elements in the Supervisory Review Process of Risk Management for Takaful Undertakings Systemic Risk Considerations in Takaful Case Study 16:00 - 16:30 Coffee Break End of Workshop Downloadable Document(s) 1.) Event Session(s) - PDF Format

IFSB Annual Meetings 2014 (including 6th Legal Seminar, 6th Public Lecture, 9th IFSF)

The Empire Hotel & Country Club Bandar Seri Begawan, Brunei Darussalam

The 6th Seminar on Legal Issues in the Islamic Financial Services Industry, hosted by the Autoriti Monetari Brunei Darussalam (AMBD), was held on 25 March 2014 in Bandar Seri Begawan, Brunei Darussalam. The Seminar which carried the theme, Innovation in Sukūk Securitisation and Islamic Hedging Instruments: Developments and Challenges was part of the IFSB seminar series on legal issues, and aimed to create awareness on the emerging legal issues, developments and challenges in securitisation and Islamic hedging instruments. Mr. Jaseem Ahmed, Secretary General of the IFSB and Mr. Rosdi Amin Dato Paduka Haji Yaakub, Deputy Managing Director of AMBD delivered the opening and welcoming speeches respectively. The keynote address was delivered by Dato’ Dr. Nik Ramlah Mahmood, Deputy Chief Executive, Securities Commission Malaysia. Asset Securitisation and Sukūk Structuring Growth of Islamic Hedging Instruments: Legal Issues and Challenges Role of Institutional and Central Sharī`ah Boards in Structuring of Sukūk and Islamic Hedging Instruments The Seminar saw the attendance of 147 participants from government, regulatory and supervisory bodies, legal sector and higher learning institutions, from among member and non-member organisations of the IFSB. The Seminar was held as one of the side events during the IFSB Annual Meetings 2014. Event Snapshots Programme - Event Session(s) Date Time Topics Day 1 25/03/2014 6TH IFSB SEMINAR ON LEGAL ISSUES IN THE ISLAMIC FINANCIAL SERVICES INDUSTRY THEME: INNOVATION IN SUKUK SECURITISATION AND ISLAMIC HEDGING INSTRUMENTS: DEVELOPMENTS AND CHALLENGES 08:30 - 09:30 Seminar Registration 09:30 - 10:30 Opening and Keynote Session 11:00 - 12:30 Session 1: Asset Securitisation and Sukuk Structuring This session will discuss the latest developments and progress in legislative frameworks in various jurisdictions dealing with securitisation of assets and structuring of Sukuk. The speakers will share their insights on the innovative structures used for issuing corporate, sovereign and international Sukūk and challenges faced by various legal systems in providing flexibility for these structures. The challenging issues related to rights and obligations of various parties to a securitisation transaction and the impact of insolvency will also be elucidated. Issues related to the conventional regimes adoptability of these structures will also be given due deliberation. 12:30 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 2: Growth of Islamic Hedging Instruments: Legal Issues and Challenges The session will cover the recent innovations of Islamic hedging contracts, while illuminating on the legal challenges faced by Islamic financial services industry in offering such products. The speakers will deliberate on the legal developments and the future direction of Islamic hedging instruments in the wake of global regulatory reforms related to the requirement of central counterparties and exchange traded transactions. 15:30 - 16:00 Coffee Break 16:00 - 17:30 Session 3: Role of Institutional and Central Shariah Boards in Structuring of Sukuk and Islamic Hedging Instruments This session will focus on the role played by Sharī`ah supervisory boards at institutional and national level in providing Sharī`ah advice and governance in structuring, offering and reviewing of sophisticated products such as Sukūk and Islamic hedging instruments. The session will also illuminate recent developments and new approaches related to Sharī`ah governance mechanisms in facilitating development and innovation of these products. Day 2 26/03/2014 09:00 - 09:30 6TH PUBLIC LECTURE ON FINANCIAL POLICY & STABILITY Registration 09:30 - 09:45 Opening Remarks 09:45 - 11:00 LECTURE 1 Islamic Moral Economy and Dynamics of the Development of Islamic Financial Services Industry 11:00 - 11:30 Coffee Break 12:30 - 14:30 IFSB MEET THE MEMBERS INTERACTIVE SESSION & LUNCH 19:30 - 21:00 WELCOME DINNER Day 3 27/03/2014 09:30 - 12:10 24th MEETING OF THE COUNCIL OF THE IFSB 12:10 - 13:00 12th GENERAL ASSEMBLY 13:00 - 14:30 Lunch and Prayers 14:30 - 16:00 9th ISLAMIC FINANCIAL STABILITY FORUM Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) 6th IFSB Legal Seminar Confirmed Speakers

9th Islamic Financial Stability Forum : Implementation of the IFSB Standards and Guiding Principles: Overview and Challenges

Brunei Darussalam , Brunei Darussalam

The IFSB organised its 9th Islamic Financial Stability Forum (9th IFSF) on 27 March 2014, in Brunei Darussalam. The 9th IFSF was held in conjunction with the 24th Council Meeting of the IFSB, hosted by the Autoriti Monetari Brunei Darussalam (AMBD). Programme - Event Session(s) Date Time Topics Day 1 27/03/2014 15:30 - 15:35 Chairman’s Remarks 15:35 - 16:55 Presentation on the IFSB Standard Implementation Survey: Overview and Challenges Speakers: 1. Mr. Jaseem Ahmed, Secretary-General, Islamic Financial Services Board 2. Mr. Zahid ur Rehman Khokher, Assistant Secretary-General, Islamic Financial Services Board Discussants: 1. H.E. Ravi Menon, Managing Director, Monetary Authority of Singapore 2. Mr. Muhammad Ashraf Khan, Executive Director, State Bank of Pakistan 3. Ms. Mashair Sabir, Director, Central Bank of Sudan 16:55 - 17:15 Coffee and Networking Break End of Forum

11th IFSB Summit

Le Méridien Ile Maurice MU, Village Hall Lane, Pointe aux Piments, Mauritius

The 11th IFSB Summit was held on 19 - 22 May 2014 in Le Meridien Ile Maurice, hosted by the Bank of Mauritius 11th IFSB Summit Opening Video Speeches Keynote Address: Dr. The Honorable Navinchandra Ramgoolam, Prime Minister of the Republic of Mauritius Welcoming Address: H.E. Rundheersing Bheenick, Governor, Bank of Mauritius Introduction of the PM: H.E. Rundheersing Bheenick, Governor, Bank of Mauritius Gala Dinner Welcome Remarks: H.E. Rundheersing Bheenick, Governor, Bank of Mauritius Speech: H.E. Muhammad bin Ibrahim, Deputy Governor, Bank Negara Malaysia   11th Summit Photo Album   Press Releases of the 11th Summit 23 May 2014 (Also available in Arabic) New and Emerging Economies: Final Sessions of the 11th IFSB Summit Explores the Role, Prospects and Challenges of Islamic Finance 22 May 2014 (Also available in Arabic) 11th IFSB Summit Deliberates on the Importance of Legal and Regulatory Frameworks for Islamic Finance, and the Role of Sukūk in Supporting Growth 21 May 2014 (Also available in Arabic) The Prime Minister of Mauritius Launches the IFSB's Islamic Financial Services Industry Stability Report 2014 21 May 2014 Prime Minister of Mauritius Delivers Keynote Address at the 11th Islamic Financial Services Board's Summit 19 May 2014 IFSB-IRTI Released the Mid-Term Review of the Ten-Year Framework and Strategies for Islamic Financial Services Industry Development 17 April 2014 (Also available in Arabic) The IFSB Announces the Speakers for its 11th Annual Global Summit 20 March 2014 (Also available in Arabic) Pre-Summit Events on 19 and 20 May 2014 Extend Value to the 11th IFSB Summit 13 January 2014 (Also available in Arabic) Announcement of the 11th Summit Theme 26 November 2013 The IFSB Announces 11th Annual Summit to be Held in Mauritius   IFSB Documents released during the 11th Summit Islamic Financial Services Industry Stability Report 2014 Prospects and Challenges in the Development of Islamic Finance for Bangladesh Islamic Financial Services Industry Development: Ten-Year Framework and Strategies: A MID-TERM REVIEW   11th Summit Presentations Speakers and registered participants are able to download softcopies of the Summit presentations from the IFSB Member Zone. Please use the access given to you during the registration. If you have problem downloading, please email: [email protected]. IFSB member organisation can access the presentation using their organisation access. Please refer to your organisation’s contact person, or email [email protected].

Level 5, Sasana Kijang, Bank Negara Malaysia, 2, Jalan Dato’ Onn, 50480 Kuala Lumpur, Malaysia.

Standard Development

Data

Events & Media

Consultations

MEMA

Policies

Level 5, Sasana Kijang, Bank Negara Malaysia, 2, Jalan Dato’ Onn, 50480 Kuala Lumpur, Malaysia.

About IFSB

Standard Development

Publications

Data

Events & Media

Implementations

Consultations

MEMA

Policies

© 2025 ISLAMIC FINANCIAL SERVICES BOARD . All Rights Reserved.