The Seminar on Hedging and Credit Enhancement in Islamic Finance is jointly organised by the Islamic Financial Services Board (IFSB) and the International Islamic Financial Market (IIFM). Both the Seminar and Public Lecture will be held in conjunction with the 20th meeting of the Council and 10th General Assembly of the IFSB, hosted by the Central Bank of Bahrain. Programme - Event Session(s) Date Time Topics Day 1 28/03/2012 SEMINAR ON HEDGING AND CREDIT ENHANCEMENT IN ISLAMIC CAPITAL MARKETS (ICM) PRODUCTS AND SERVICES 5TH PUBLIC LECTURE ON FINANCIAL POLICY AND STABILITY 09:00 - 09:30 Registration 09:30 - 10:00 Opening & Welcoming Addresses 10:00 - 11:00 Session 1 : Credit Enhancement in Islamic Capital Markets (ICM) Products and Services Various Sharῑ`ah-compliant credit enhancement mechanisms used in ICM products and services Credit Rating: How the different types of credit enhancement affects the credit rating of Sukūk 11:00 - 11:30 Coffee and Networking Break 11:30 - 12:30 Session 2 : Overview of Sharῑ `ah-Compliant Alternative Instruments to Hedging Mechanism Recent developments in hedging in the Islamic Financial Services Industry Sharῑ `ah-compliant alternatives to hedging tools: Features, Structures, Risks and Underlying Contracts Application of hedging mechanism in Islamic Capital Markets 12:30 - 13:30 Session 3 : Panel Discussion on Regulatory, Legal and Sharῑ `ah Issues in Sharῑ `ah-compliant alternatives to Hedging and Collateralisation Unresolved Sharῑ `ah and legal issues in hedging and collateral arrangements Emerging regulatory challenges of hedging and collateralisation in light of Basel III The way forward of such alternatives in light of current regulatory development 13:30 - 14:30 Lunch & Prayers Downloadable Document(s) 1.) Event Session(s) - PDF Format

The Central Bank of the Republic of Turkey will be hosting the 9th Islamic Financial Services Board Summit 2012. * More information will be uploaded in due course. * For sponsorship opportunities, please contact [email protected] Programme - Event Session(s) Date Time Topics Day 1 15/05/2012 PRE-SUMMIT EVENTS IFSB COUNTRY SHOWCASES SPECIAL SESSION ON ISLAMIC MICROFINANCE 09:00 - 11:30 IFSB Country Showcase 1 - TURKEY 11:00 - 13:30 IFSB Country Showcase 2 - MALAYSIA 14:00 - 17:30 Special Session on Promoting Financial Inclusion through Islamic Microfinance 17:00 - 18:00 Summit Pre-Registration 19:00 - 21:30 Summit Welcome Reception Day 2 16/05/2012 9TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT (DAY 1) 08:30 - 09:30 Registration 09:30 - 10:30 Opening and Keynote Session 10:30 - 11:00 Coffee break & Networking 11:00 - 12:30 Session 1: International Regulatory Initiatives to Enhance Global Financial Stability Objective of the session: To provide a backdrop against which the Summit discussion will ensue by highlighting current and recent international regulatory develop. Among the issues to be discussed are: Existing initiatives and developments by international standard-setting bodies, and international intergovernmental organisations Islamic finance and the global convergence of financial reporting Role of rating agencies in enhancing global financial stability 12:30 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 2: Impact of International Regulatory Initiatives on the Islamic Financial Services Industry Objective of the session: To discuss if, and how, the recent international regulatory initiatives have impacted on the stability, development and growth of the Islamic financial services industry. Among the issues to be discussed are: Clarity and provision of level playing field in the dual financial systems Issues and challenges of implementing Islamic finance in secular/non-shariah jurisdictions Differential impact on the market segments Emerging liquidity and risk management issues 15:30 - 16:00 Coffee break & Networking 16:00 - 17:30 Session 3: Regulatory Harmonisation and Cross-border Linkages in Islamic Finance Objective of the session: To discuss and gain understanding on the challenges of fostering cross-border linkages between the financial and real sectors. Among the issues to be discussed are: Islamic financial instruments such as Sukuk as tools to foster linkages Legal, regulatory, rating and Shari`ah challenges in cross-border linkages Case study/ies 19:00 - 21:30 Gala Dinner (Hosted by the Central Bank of the Republic of Turkey) Day 3 17/05/2012 9TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT (DAY 2) 09:00 - 10:30 Session 4: Global Financial Infrastructure of Islamic Finance Objective of the session: To review the existing infrastructure and building blocks of Islamic finance in strengthening the stability and resilience of the industry. Among the issues to be discussed are: Mobilising a stronger international cooperation Prospects for central bank cross-border liquidity provision Challenges in emerging economies Financial reporting, transparency and market discipline 10:30 - 11:00 Coffee break & Networking 11:00 - 12:30 Session 5: Panel Discussion - Global Regulatory Reform and the Prospects for the Islamic Financial Services Industry Objective of the session: To bring together panellists from differing backgrounds and viewpoints to discuss the global regulatory reforms, their challenges and opportunities, in the context of their organisational roles, as well as future prospects of the industry. 12:30 - 14:00 Lunch (End of Summit) Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Summit Brochure

This Programme and Seminar is co-organised with Bank Negara Malaysia. More information shall be uploaded in due course. Please email [email protected] should you wish to register your interest to participate. Programme - Event Session(s) Date Time Topics Day 1 27/08/2012 BNM-IFSB FINANCIAL INCLUSION ADVISERS PROGRAMME 09:00 - 09:10 Welcoming Remarks 09:10 - 09:20 Programme Brief and Administration Participants will be given a short administrative briefing to facilitate effective participation in the programme and during their stay in Malaysia 09:20 - 10:30 Session 1: Financial Inclusion as a National Strategic Agenda The purpose of the session is to give an overview of the different types of policies and interventions that collectively help shape a more inclusive financial sector. The session will give special emphasis to the importance of coordination amongst key stakeholders from Government, financial regulation and the financial industry in implementing action plans that cut across different institutions. 10:30 - 11:00 Tea break 11:00 - 12:00 Session 2: Key Building Blocks for Sustainable Financial Inclusion The purpose of the session is to learn from the work of the Alliance for Financial Inclusion in promoting financial inclusion globally through specific building blocks of knowledge and best practice. 12:00 - 12:30 Session 3: Q&A and Sharing of Country Experiences 12:30 - 13:45 Lunch 14:00 - 15:30 Session 4: Trend, Opportunities and Challenges in Financial Inclusion 15:30 - 16:00 Photography Session and Tea Break 16:00 - 17:00 Session 5: Enhancing the Capacity of SMEs to Participate in the Economy The purpose of the session is to share how institutional capacity at the national level can provide support to SMEs that do not have the requisite internal capacity to compete with more established businesses. This form of institutional capacity can provide training opportunities, marketing advisory services, business linkages and other management advisory services. 17:00 - 18:00 Welcoming Reception Day 2 28/08/2012 BNM-IFSB FINANCIAL INCLUSION ADVISERS PROGRAMME 09:00 - 10:30 Session 6: Policies - Regulation and Supervision & Financial Inclusion Consultative Group to Assist the Poor (CGAP), The World Bank 10:30 - 11:00 Tea break 11:00 - 12:30 Session 7: The Malaysian Financial Sector Blueprint Financial Inclusion This session aims to provide an overview of the forward looking strategic thrusts of the 2011 - 2020 Malaysian Financial Sector Blueprint that aim to promote greater financial inclusion for greater shared prosperity. The session will include an overview of recent initiatives in developing a more robust framework for the collection and use of financial inclusion data to support evidence based policy making. 12:30 - 13:45 Lunch 14:00 - 15:15 Session 8: The Malaysian Financial Sector Blueprint Consumer Empowerment This session aims to provide an overview of the forward looking strategic thrusts of the 2011 - 2020 Malaysian Financial Sector Blueprint in the area of consumer empowerment, which will in turn enable more sustainable financial inclusion. 15:15 - 15:45 Tea Break 15:45 - 17:00 Session 9: Consumer Protection and Financial Education Malaysia Deposit Insurance Corporation Day 3 29/08/2012 BNM-IFSB FINANCIAL INCLUSION ADVISERS PROGRAMME 09:00 - 10:30 Session 10: A Practitioner's Perspective of Microfinance The session aims to consider microfinance and financial inclusion from the practitioners' perspective in order to understand challenges and innovative solutions experienced by industry in developing more inclusive financial sectors. 10:30 - 11:00 Tea break 11:00 - 12:00 Session 11: Banking beyond Branches This session aims to develop deeper understanding of how branchless banking is promoting greater financial inclusion, and how innovative strategies have successfully overcome the hurdles and risks 12:00 - 12:30 Session 12: Developing Qualified Microfinance Professionals The purpose of this session is to understand how to better develope qualified microfinnacr professionals to ensure sustainable and progressive development of microfinnace. 12:30 - 14:00 Lunch 14:00 - 15:00 Session 13: Credit Guarantee for Small and Medium Enterprises The purpose of the session is to understand how a credit guarantee scheme can enable SMEs to obtain funding at more favorable rates in order to expand their business. The session will explain how such schemes can be established, and the key operational challenges that need to be managed 15:00 - 16:00 Session 14: Enhancing the Capacity of Micro-enterprises - The Case of Amanah Ikhtiar Malaysia This session will share the experiences of a local Malaysian microfinance credit provider that has adapted the Grameen model to local requirements with considerable success. 16:00 - 16:15 Tea Break 16:15 - 17:00 Exploring Malaysia Through Art BNM Museum and Art Gallery Day 4 30/08/2012 SEMINAR ON ISLAMIC MICROFINANCE 09:00 - 09:30 Registration 09:30 - 09:45 Welcoming Remarks 09:45 - 10:00 Opening Remarks from Seminar Chairman 10:00 - 11:15 Session 1: Development and Challenges in Islamic Microfinance This session will discuss the recent developments in Islamic microfinance including innovation in the industry, such as the inclusion of Waqf and micro-Takāful in the Islamic microfinance programme. The discussion will also cover success stories of selected Islamic microfinance providers in order to explore their challenges, particularly from regulatory and supervisory perspectives. 11:15 - 11:45 Tea break 11:45 - 13:00 Session 2 : Comparative Analysis on Regulatory Framework for Islamic Microfinance This session will compare regulatory frameworks for Islamic microfinance institutions in selected IFSB member countries. Comparative analysis on regulatory framework for conventional microfinance counterparts also will be presented in this session. 13:00 - 14:30 Lunch 14:30 - 15:45 Session 3 : Issues in Supervisory Review of Islamic Microfinance This session will highlight issues in supervisory review of Islamic microfinance from national and international perspectives. The focus of discussion will be given to Islamic microfinance services provided by banking institutions. 15:45 - 17:00 Session 4 : Panel Discussion - Regulating Islamic Microfinance: The Way Forward In this session, banking regulators from selected IFSB member countries will discuss future strategies and initiatives in regulating Islamic microfinance in order to promote further development of the respective industry. 17:30 - 00:00 Tea break (End of Seminar) Downloadable Document(s) 1.) Event Session(s) - PDF Format

This IFSB Seminar is hosted by the Bank of Mauritius. Should you be interested to participate, please email your details to [email protected] Programme - Event Session(s) Date Time Topics Day 1 05/09/2012 PRE-SEMINAR WORKSHOP ON INTRODUCTION TO ISLAMIC FINANCE AND THE IFSB STANDARDS 08:45 - 09:30 Registration 09:30 - 09:45 Opening Remarks 09:45 - 11:00 Session 1: Concept and Structure of Islamic Finance Contracts and Products Question and Answer 11:00 - 11:30 Coffee Break 11:30 - 12:45 Session 2: Risk Management for Institutions offering Islamic Financial Services Question and Answer 12:45 - 14:00 Lunch and Prayer 14:00 - 15:15 Session 3: Overview of the IFSB Standards and Guiding Principles for Governance (Corporate and Sharī`ah) Question and Answer 15:15 - 15:45 Coffee Break 15:45 - 17:00 Session 4: Case Studies (Sukūk Structure) Question and Answer 19:00 - 21:00 Welcome Dinner - Hosted by Bank of Mauritius Venue : The Island, The Intercontinental Mauritius Resort Day 2 06/09/2012 SEMINAR ON THE ROLE OF ISLAMIC FINANCE IN THE DEVELOPMENT OF AFRICA (DAY-1) 08:45 - 09:30 Registration 09:30 - 10:30 Opening and Keynote Session 10:30 - 11:00 Coffee Break 11:00 - 12:00 Session 1: Overview on the Development of Islamic Financial Services Industry: Banking, Capital Markets and Takāful International developments of the Islamic financial services industry in the various sectors Globalisation of Islamic Finance: What would be the target market in the next decade? Islamic Finance and the African Continent 12:00 - 13:15 Session 2: Developing the Necessary Infrastructure for Islamic Financial Services in New Markets: Lessons to be learned Regulatory and prudential framework Legal and tax regime Human capital development 13:15 - 14:45 Lunch and Prayer 14:45 - 16:00 Session 3: Prospects for Islamic Financial Services and Products in the New and Emerging Markets Islamic banks Takāful Capital markets 16:00 - 17:15 Session 4: Structuring Sukūk for New Markets: Areas that need to be Addressed (Regulatory and Market Perspectives) Understanding the principal features of Sukūk How are the Islamic financial institutions Structuring Sukūk: Legal documentation and Sharī`ah aspects Regulatory framework for Sukūk transactions 17:15 - 17:45 Coffee Break and End of Day 1 Day 3 07/09/2012 SEMINAR ON THE ROLE OF ISLAMIC FINANCE IN THE DEVELOPMENT OF AFRICA (DAY-2) 09:30 - 11:00 Session 5: Islamic Microfinance in Africa: Achievements and Challenges Islamic microfinance product and features The role of Islamic microfinance in development and poverty alleviation Selected case studies on country experiences 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 6: Panel Discussion on Opening a New Gateway into Africa: Linking Mauritius with African Economic Development through Islamic Finance Managing the investment and financing of the African infrastructural sector through Islamic finance Challenges in bringing Islamic financial services to the forefront How the Mauritius financial services sector can enhance the role of Islamic finance and meet the needs of the African region 13:00 - 14:00 Lunch Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Other Hotels in Mauritius - Information 3.) The Intercontinental Mauritius Resort - Hotel Reservation Form

This IFSB is co-organising this Roundtable with the International Organization of Securities Commission (IOSCO). The Securities Commission of Malaysia is hosting the Roundtable. Participation is BY INVITATION only. Programme - Event Session(s) Date Time Topics Day 1 18/09/2012 08:30 - 09:00 Registration 09:00 - 09:30 Opening and Welcoming Addresses 09:30 - 10:00 Session 1: Comparative Evaluation of Regulatory and Best Practices on Disclosure of Islamic Capital Market Products (ICM) Benefits of global harmonisation of disclosure standards relating to ICM Diagnostics of the current regulatory and best practices adopted by different jurisdictions in relation to disclosure of Islamic capital market (ICM) products. General analysis of issues/potential issues affecting the development of ICM as a result of non-standardisation of disclosure requirements e.g. legal, Sharī`ah and governance issues Suggestions for approaches to dealing with all relevant issues which can support effective role of standard setting bodies, role of capital market authorities, industry associations and capital market participants. 10:00 - 10:30 Coffee Break 10:30 - 11:00 Session 2: Issues Arising from Inadequate Disclosure Requirement for Islamic Capital Market Products Potential legal and regulatory issues arising from inadequate disclosure of ICM products: Impact on investor protection and the development of the Islamic capital market industry. Analysis on the level of transparency pertaining to Sharī`ah compliance: Ex-ante and ex-post Sharī`ah compliance processes. Analysis of the gaps in the existing disclosure-related standards issued by international standard setters e.g. addressing the types of disclosures for (i) Sukūk, and (ii) Collective Investment Scheme on matters such as composition of Sharī`ah advisors, pronouncements on Sharī`ah compliance, basis of decision and the analysis of the gaps are and the role of rating agencies in promoting greater disclosure of Sukūk. Disclosure of emerging risks in relation to ICM products and the role of issuers, advisors and auditors in addressing these risks. 11:00 - 12:00 Commentaries from Discussants 12:00 - 12:30 Questions & Answers 12:30 - 14:00 Lunch 14:00 - 14:30 Session 3: The Importance of Strong Disclosure Regime in Facilitating Cross-border Activity and Development of Islamic Capital Market Products and Services Greater cross-border collaboration e.g. through multilateral arrangements for the development of Islamic capital markets. General analysis of disclosure related issues affecting crossborder investments e.g. the need for international standards on disclosure of Sharī`ah screening process, mechanisms for treatment of tainted income etc. The pros and cons of having a standardised documentation for key contracts used in Islamic capital markets e.g. Standard Wakalah Agreement etc. Benefits of common accounting standards on disclosure for cross-border offerings of ICM products. 14:30 - 15:30 Commentaries from Dicussants 15:30 - 16:00 Questions & Answers 16:00 - 16:30 Coffee Break 16:30 - 17:30 Concluding Remarks and Summary of Roundtable Downloadable Document(s) 1.) Event Session(s) - PDF Format