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

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

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

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

The 11th Islamic Financial Services Board Summit 2014 was held at the Le Meridien Ile Maurice, Mauritius and Bank of Mauritius was privileged to host the 11th Summit.  With the theme of this year’s Summit “New Markets and Frontiers for Islamic Finance: Innovation and the Regulatory Perimeter ”, this 11th Summit was the first IFSB Summit to be held in African continent, aimed to reflect the rapid growth of Islamic finance during the last decade which has been accompanied by its geographical expansion as well as by the establishment of guidelines and principles for its prudential regulation and supervision through the issuance of IFSB standards. The geographical expansion of Islamic finance into new markets has underscored the opportunities as well as challenges faced in new jurisdictions that seek to take advantage of an alternative source of development financing to drive inclusive growth. In emerging markets in Africa and Asia, the approaching deadline for attaining the Millenium Development Goals (MDGs) in 2015, and the difficult prospects for financing economic development post-2015 have spurred the search for additional sources of financing and raised interest in Islamic finance amongst both policy makers and multilateral development banks. Amongst developed economies, there is greater recognition of Islamic finance as offering prospects for raising investment funds by accessing the deepening global pools of Sharī`ah-compliant savings. Against this backdrop, the Summit provided an overview of global financial and regulatory developments from the perspective of Islamic finance. It will also explore some recent innovations that are driving inclusive growth while examining different policy and regulatory approaches to manage attendant risks. Dr. The Honorable Navinchandra Ramgoolam, Prime Minister of the Republic of Mauritius delivered the Keynote Address at the Opening Session of the 11th Summit and launched the Islamic Financial Services Industry Stability Report 2014. 22 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:  Legal and Regulatory Environment of Islamic Finance  Global Overview of the Islamic Financial Services Industry (IFSI): Outlook and Policy Developments   Sukūk, Market Development and Regulation  The Role of Islamic Finance in Economic Development: Promoting Financial Inclusion, Sustaining Innovation, Expanding the Regulatory Perimeter – Striking a Balance New and Emerging Islamic Finance Jurisdictions: Opportunities and Challenges Ahead In conjunction with the 11th IFSB Summit was the Summit Gala Dinner which was held on 21 May 2014. Dr. Ibrahim Turhan, Chairman and Chief Executive Officer of the Borsa Istanbul was invited to give the Keynote Address at the Dinner. The 11th IFSB  Summit was attended by more than 150 delegates from 27 countries comprising of senior officials from supervisory and regulatory bodies as well as representatives from international institutions, market players, accreditation, insurance and takaful, academia as well as other stakeholders of the Islamic financial services industry. Event Snapshots Programme - Event Session(s) Date Time Topics Day 1 19/05/2014 PRE-SUMMIT EVENTS - DAY 1 08:30 - 10:30 IFSB Meet the Members and Interactive Session (IFSB Members Only) 10:45 - 13:15 IFSB – IRTI Session on Mid-term Review of the “Islamic Financial Services Industry Development : Ten-Year Framework and Strategies” 14:30 - 16:00 Industry Development Session by Finance Accreditation Agency 16:00 - 17:30 Industry Development Session by The World Bank Day 2 20/05/2014 PRE-SUMMIT EVENTS DAY 2 09:00 - 11:30 Industry Development Session by Asian Development Bank 11:00 - 13:30 Business Forum by Malaysia International Islamic Finance Centre (MIFC) 14:30 - 16:30 Knowledge Sharing Partner Session by INCEIF 19:00 - 22:00 Summit Welcome Reception (Hosted by Bank of Mauritius) For Summit Registered Participants Only Day 3 21/05/2014 11TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT - DAY 1 08:30 - 09:30 Registration 09:30 - 10:30 Opening & Keynote Session 10:30 - 11:00 Coffee Break 11:00 - 12:30 Session 1: Legal and Regulatory Environment of Islamic Finance The session aims to highlight the importance of having in place effective legal and regulatory frameworks for Islamic finance to ensure a well-functioning IFSI in the Islamic finance jurisdictions. 12:30 - 14:00 Lunch 14:00 - 15:30 Session 2: Global Overview of the Islamic Financial Services Industry (IFSI): Outlook and Policy Developments This session aims to analyse the current level of development of the IFSI vis-à-vis conventional finance and focus on the potential growth of the industry. 15:30 - 16:00 Coffee Break 16:00 - 17:30 Session 3: Sukūk, Market Development and Regulation The session aims to highlight the development and initiatives undertaken in the IFSI and the role of Islamic finance in supporting long-term growth strategies and infrastructure needs. 19:00 - 21:30 11th IFSB Summit - Gala Dinner Day 4 22/05/2014 11TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT - DAY 2 09:30 - 11:00 Session 4: The Role of Islamic Finance in Economic Development: Promoting Financial Inclusion, Sustaining Innovation, Expanding the Regulatory Perimeter – Striking a Balance This session aims to review the role of Islamic finance in promoting economic development, and identify gaps, challenges and prospects in increasing access to Islamic finance in the Islamic finance jurisdictions. 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5: Panel Discussion on “New and Emerging Islamic Finance Jurisdictions: Opportunities and Challenges Ahead” This session aims to explore the opportunities offered by the new and emerging Islamic finance jurisdictions as well as the corresponding challenges, and key success factors for the jurisdictions to grow and develop the industry moving forward. 13:00 - 14:00 Lunch End of Summit Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) 11th Summit Brochure 3.) 11th Summit Programme 4.) Hotel Online Reservation for Le Meridien Ile Maurice and Westin Hotels 5.) Hotel Reservation Form - Casuarina Resort & Spa 6.) Hotel Reservation Form - Le Victoria Hotel 7.) Hotel Reservation Form - The Intercontinental Hotel 8.) Hotel Reservation Form - The Maritim Hotel 9.) Hotel Reservation Form - Trou Aux Biches

This IFSB-INCEIF Executive Forum on Islamic Capital Market: New Horizons, New Frontiers offers a platform for high level deliberations and exchanges of views among participants – global leaders from among practitioners, regulators and academics – on the dynamics of Islamic Capital Market (ICM). Among others, the two-day Executive Forum will see the sharing of experiences and discussions of specic issues facilitated by experienced speakers from among regulators, industry leaders and academics. The participants will benefit from delivering views of counterparts and peers of different backgrounds and geographical locations. For more information on the Executive Forum, please email Mrs. Ida Shafinaz Ab. Malek at [email protected] Programme - Event Session(s) Date Time Topics Day 1 09/06/2014 08:30 - 09:30 Morning Coffee and Registration 09:30 - 09:45 Opening and Welcoming Remarks 09:45 - 11:00 Session 1: Creating Dynamic Islamic Capital Markets: Challenges and opportunities Enhancing the financial infrastructure supporting Islamic Capital Markets (ICM) Identifying pockets of opportunities in ICM Ensuring the stability of ICM: The role of markets, risk paradigm and institutions Prioritising issues: Cross-border products, distribution, regulatory harmonisation, Shari`ah differences, depth of products/markets and trained practitioners 11:00 - 11:30 Group Photo and Coffee Break 11:30 - 13:00 Session 2: Sukuk: Trends and market sentiments Current trends of global Sukuk issuance and potential headwinds Investment in Sukuk: Still the “issuers” market in relation to pricing, yields and liquidity Providing a Sukuk friendly environment: Case studies from selective jurisdictions New opportunities for Sukuk in key regions e.g. the GCC, Africa and Europe 13:00 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 3: Strengthening Islamic Asset Management: Adding value to Islamic Finance The case for Islamic Asset Management and its evolving role Performance is Key: Ways to boost current performance Methodologies and techniques in managing Islamic Assets Opportunities in Islamic Asset Management: New products, markets and prospects 15:30 - 16:00 Coffee Break 16:00 - 17:30 Session 4: Islamic Hedging: Leveraging IIFS or transferring risk Building the case for Shari`ah-compliant hedging The approach to risk, risk management and hedging from the perspective of IIFS Hedging strategies by IIFS: Room for further innovation Identifying solutions to issues related to Islamic Hedging: The role of standards and harmonisation towards providing clarity Day 2 10/06/2014 08:30 - 09:30 Morning Cofee 09:30 - 11:00 Session 5: Islamic Real Estate Investment Trusts (I-REITs): Avenues for growth of Islamic Capital Market Analysing the frameworks for understanding I-REITs Comparing the growth of I-REITs and other ICM areas: Lessons to be learnt The I-REITs experience: Discussions and observations on the performance of global I-REITs, including case studies across countries Opportunities and challenges facing I-REITs 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 6: Islamic Venture Capital and the Screening Process: Strategies and policies The foundations of Islamic Venture Capital The current state of the Islamic Venture Capital Market vis-a-vis the conventional Venture Capital Market Islamic Venture Capital: The paradigm of screening and selecting entrepreneurs, products and models Enhancing the prospects and removing the impediments of growing Islamic Venture Capital 13:00 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 7: Enhancing the Supervisory Role in ICM Structure The current ICM environment: Development post-crisis and post-Quantitative Easing (QE) Supervision of ICM: Developments and experiences across the globe Identifying and overcoming the risks of ICM from the perspective of supervision and enhancing the disclosure Case Study and Discussions: New rules, regulations and guidelines 15:30 - 16:00 Coffee Break 16:00 - 17:30 Session 8: Strategies and Policies for Developing ICM: Sharing success stories The role of private-public partnership in developing ICM Evolution of ICM globally: Legal rules, accounting and taxation Basel III and the potential impact of compliance on the development of ICM ICM development across jurisdictions: Case studies of Malaysia and the GCC 17:30 - 18:00 Closing Ceremony Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) IFSB-INCEIF Executive Forum 3.) List of Confirmed Speakers

The Seminar in Islamic Finance will be held in Almaty, Kazakhstan and hosted by National Bank of the Republic of Kazakhstan (NBK). For more information on the event, please email [email protected]  Event Snapshots   Programme - Event Session(s) Date Time Topics Day 1 16/06/2014 08:30 - 09:30 Registration 09:30 - 10:30 Opening & Keynote Session 10:30 - 11:00 Coffee break 11:00 - 12:30 Session 1: Islamic Finance for Central Asia: Growth with Stability – Regulatory Issues and Key Preconditions The session will broadly focus on establishing the value proposition of inclusive growth through Islamic finance by highlighting key factors supporting growth of the Islamic financial services industry globally and regionally. This session will also look at the enabling framework for Islamic finance covering challenges in achieving a level playing field for Islamic finance, and in the regulation and supervision of Islamic financial institutions and Sharī`ah-compliant instruments to ensure the stability and resilience of the industry. 12:30 - 14:00 Lunch & Prayer 14:00 - 15:30 Session 2: The Role of Sukūk: Infrastructure Financing, Capital Market Instruments and High Quality Liquid Assets (HQLA) The session will highlight the potentials of Sukūk as an alternative development financing instrument for both public and corporate sectors. This session will also illuminate how Kazakhstan can benefit from Sharī`ah-compliant instruments and investment flows, through Sukūk, within the country and region. Studies will be presented on national experience in developing Sukūk from the perspective of benefits, risks and costs, regulatory and legal frameworks governing Sukūk transactions, as well as the role of supporting institutions such as rating agencies, and the organised exchanges for primary and secondary markets for Sukūk. 15:30 - 16:00 Coffee break 16:00 - 17:30 Session 3: Panel Discussion on the Way forward for the Development of Islamic Finance for Kazakhstan In this session, the panellists will aim to identify the national and regional opportunities and benefits, as well as key challenges for the development of Islamic finance in Central Asian countries, specifically to Kazakhstan. Discussions will also include ideas on a possible roadmap and the way forward for Kazakhstan’s Islamic financial services industry that can support the objectives of sustainable economic growth and infrastructure development in the country.   Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) InterContinental Almaty Hotel - Reservation Form