The Workshop is hosted by Bank Indonesia. This workshop will address the following IFSB Standards and Guidance Notes: -IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -IFSB-7: Capital Adequacy Requirements for Sukûk, Securitisations and Real Estate investment -IFSB-11: Standard on Solvency Requirements for Takâful (Islamic Insurance) Undertakings -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 for Institutions (other than Insurance Institutions) offering only Islamic Financial Services For more information on the Workshop, please contact Ms Yazmin Aziz at [email protected].  

This workshop is hosted by the Central Bank of Jordan and supported by the Institute of Banking Studies (IBS). This workshop will address the following IFSB Standards and Guidance Note: -IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -IFSB-3: Guiding Principles on Corporate Governance for Institutions offering only Islamic Financial Services (Excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds -IFSB-5: Guidance on Key Elements in the Supervisory Review Process of Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds) -IFSB-10: Guiding Principles on Sharîah Governance Systems for Institutions offering Islamic Financial Services -GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for Institutions (other than Insurance Institutions) offering only Islamic Financial Services Participation in the Workshop is by INVITATION only. For more information on the Workshop, please email to Ms. Yazmin Aziz at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 17/10/2011 WORKSHOP ON ISLAMIC FINANCE : CONCEPTS, CONTRACTS AND RISK IMPLICATIONS FOR IIFS BY MR. JAMSHAID ANWAR CHATTHA WORKSHOP ON IFSB-1 : GUIDING PRINCIPLES OF RISK MANAGEMENT FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (IIFS) BY MR. JAMSHAID ANWAR CHATTHA 09:00 - 09:30 Registration 09:30 - 09:45 Opening Session Mr. Abdelilah Belatik, Assistant Secretary-General, Islamic Financial Services Board H.E. Khouloud Saqqaf, Deputy Governor, Central Bank of Jordan 09:45 - 11:00 Session 1 Islamic Finance: Concepts, Contracts and Risk Implications for IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2 IFSB-1 : Guiding Principles of Risk Management for Institutions Offering Islamic Financial Services (IIFS) -Focus on Credit Risk -Focus on Equity Risk -Focus on Operational Risk Case Study & Discussion : -Case Study – 1: Managing Shari’ah Non-Compliance and Legal Risk in IIFS 13:00 - 14:00 Lunch 14:00 - 16:00 Session 3 IFSB-1 : Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) : -Focus on Market Risk -Focus on Liquidity Risk -Focus on Rate of Return Risk Case Studies & Discussion : -Case Study – 2: Financial Distress and Failure of Non-IIFS -Case Study – 3: Failure of an IIFS : A Risk Management Perspective Special Session on Recent Developments in Risk Management Practices and Recent Financial Crisis Day 2 18/10/2011 WORKSHOP ON IFSB-3 : GUIDING PRINCIPLES ON CORPORATE GOVERNANCE FOR INSTITUTIONS OFFERING ONLY ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKÂFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS BY MR. ABOZER MAJZOUB WORKSHOP ON IFSB-10 : GUIDING PRINCIPLES ON SHARÎAH GOVERNANCE SYSTEMS FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES BY MR. ABDELILAH BELATIK 09:30 - 11:00 Session 4 IFSB-3 : Guiding Principles on Corporate Governance for Institutions offering only Islamic Financial Services (Excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds : -Overview of Corporate Governance -Understanding the Motivating Factors -Defining ‘Corporate Governance’ (CG) and ‘Stakeholders’ in the Context of IIFS -Corporate Governance (CG) Issues Specific to IIFS -An Insight of the IFSB Guiding Principles of CG for IIFS -Recommendations of the IFSB-3 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5 IFSB-3 : Guiding Principles on Corporate Governance for Institutions offering only Islamic Financial Services (Excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds : Case Studies & Discussion : -Case Study – 1 -Case Study – 2 13:00 - 14:00 Lunch 14:00 - 16:00 Session 6 IFSB-10 : Guiding Principles on Sharîah Governance Systems for Institutions offering Islamic Financial Services : -Overview of Sharîah Governance Systems -General Approach to Sharîah Governance Systems -Criteria for Sound Sharîah Governance Systems -Case Study & Discussion Day 3 19/10/2011 WORKSHOP ON GN-4 : GUIDANCE NOTE IN CONNECTION WITH THE IFSB CAPITAL ADEQUACY STANDARD: THE DETERMINATION OF ALPHA IN THE CAPITAL ADEQUACY RATIO FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES BY MR. JAMSHAID ANWAR CHATTHA WORKSHOP ON IFSB-5 : GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS FOR IIFS (EXCLUDING ISLAMIC INSURANCE (TAKÂFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS) BY MR. ABOZER MAJZOUB 09:30 - 11:00 Session 7 GN-4 : Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for Institutions (other than Insurance Institutions) offering only Islamic Financial Services. Case Study & Discussion : -Case Study – 1: Calculation and Determination of Alpha for CAR 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 IFSB-5 : Guidance on Key Elements in the Supervisory Review Process for IIFS (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds): -Infrastructure for Effective Supervision -Regulatory Capital Requirements -Treatment of IAH -Risk Management and Corporate Governance (RM, CG, Audit and Compliance) -Related Party Transactions 13:00 - 14:00 Lunch 14:00 - 16:00 Session 9 IFSB-5 : Guidance on Key Elements in the Supervisory Review Process of Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds) : -Disclosure to Promote Transparency and Market Discipline -Consolidated and Home-host Supervision -Window Operations -Real Estate Investments -Case Analysis – 1 & Discussion -Case Analysis – 2 & Discussion 16:00 - 16:30 Closing Ceremony Dr. Riyad Hindawi, Manager, Institute of Banking Studies, Jordan Downloadable Document(s) 1.) Event Session(s) - PDF Format

This IFSB-FIS Workshop is hosted by Bank Al-Maghrib, Morocco. This Workshop will address the following IFSB Standards and Guidance Note: IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) IFSB-5: Guidance on Key Elements in the Supervisory Review Process of Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds IFSB-7: Capital Adequacy Requirements for Sukûk, Securitisations and Real Estate investment GN-2: Guidance Note in Connection with the Risk Management and Capital Adequacy Standards: Commodity Murâbahah Transactions Participation in the Workshop is by INVITATION only. For more information on the Workshop, please email to Ms. Yazmin Aziz at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 31/10/2011 WORKSHOP ON ISLAMIC FINANCE : CONCEPT, CONTRACT AND RISK IMPLICATIONS FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS) WORKSHOP ON IFSB-1 : GUIDING PRINCIPLES OF RISK MANAGEMENT FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS) 09:00 - 09:30 Registration 09:30 - 09:45 Opening Session Mr. Abdelilah Belatik, Assistant Secretary-General, Islamic Financial Services Board Mr. Abderrahim Bouazza, Head of Banking Supervision Department, Bank Al Maghrib 09:45 - 11:00 Session 1 : Islamic Finance: Concepts, Contracts, and Risk Implications on IIFS Concepts, Contracts and Application for: -Sale and Lease Based; -Equity-Based and -Sukuk and Islamic Collective Investment Schemes (ICIS) Risk Implications on IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2 : IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -Focus on Credit Risk -Focus on Equity Risk -Focus on Operational Risk 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 3 : IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -Focus on Market Risk -Focus on Liquidity Risk -Focus on Rate of Return Risk -Case Study 1 & Discussion : Failure of an IIFS-A: Risk Management Perspective Day 2 01/11/2011 WORKSHOP ON GN-2 : GUIDING NOTE IN CONNECTION WITH THE RISK MANAGEMENT AND CAPITAL ADEQUACY STANDARDS: COMMODITY MURABAHAH TRANSACTIONS WORKSHOP ON IFSB-7 : CAPIRAL ADEQUACY REQUIREMENTS FOR SUKUK, SECURITISATION AND REAL ESTATE INVESTMENT 09:30 - 11:00 Session 4 : GN-2: Guidance Note in Connection with the Risk Management and Capital Adequacy Standards: Commodity Murâbahah Transactions -Case Study 1: Commodity Murâbahah Transactions and Failure of an IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5 : IFSB-7: Capital Adequacy Requirements for Sukuk, Securitization and Real Estate Investment 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 6 : IFSB-7: Capital Adequacy Requirements for Sukuk, Securitization and Real Estate Investment (cont.) Case Studies & Discussion Day 3 02/11/2011 WORKSHOP ON IFSB-5 : GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS OD INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS) OPEN SESSION ON PRUDENTIAL AND REGULATORY FRAMEWORK FOR ISLAMIC FINANCE 09:30 - 11:00 Session 7 : Prudential and Regulatory Framework for IIFS Overview of the Regulatory Framework for IIFS IFSB-5: Guidance on Key Elements in the Supervisory Review Process of Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds) -Necessary Conditions for Effective Supervision -Consolidated Home-Host Supervision -Supervisory Issues in Islamic Windows 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 : Prudential and Regulatory Framework for IIFS (cont.) 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 9 : Open Session on Prudential and Regulatory Framework for Islamic Finance 16:00 - 16:30 Closing Ceremony Mr. Abderrahim Bouazza, Head of Banking Supervision Department, Bank Al Maghrib Downloadable Document(s) 1.) Event Session(s) - PDF Format

Participation in the Workshop is by INVITATION only. This workshop will address the following IFSB Standards and Guidance Notes: -IFSB-1 : Risk Management -IFSB-2 : Capital Adequacy -IFSB-3: Corporate Governance -IFSB-4: Transparency and Market Discipline -IFSB-5: Supervisory Review Process -IFSB-7: Capital Adequacy Requirements for Sukûk & Securitisations and Real Estate Investments -IFSB-10: Sharîah Governance Systems -GN-1: Guidance Note In Connection with the Capital Adequacy Standard: Recognition of Ratings by External Credit Assessment Institutions (ECAIs) on Shari`ah-Compliant Financial Instruments -GN-2: Guidance Note in Connection with the Risk Management and Capital Adequacy Standards: Commodity Murâbahah Transactions -GN-3: Guidance Note on the Practice of Smoothing the Profits Payout to Investment Account Holders -GN-4: Guidance Note In Connection with the Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio For more information on the Workshop, please email to Ms. Yazmin Aziz at [email protected] Programme - Event Session(s) Date Time Topics Day 1 21/11/2011 ISLAMIC FINANCE : CONCEPT & CONTRACTS AND RISKS IMPLICATION FOR IIFS IFSB-1 : GUIDING PRINCIPLES OF RISK MANAGEMENT FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES 09:00 - 09:30 Registration 09:30 - 09:50 Opening Session 09:50 - 11:15 Session 1 Islamic Finance : Concept & Contracts and Risks Implication for IIFS 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2 IFSB-1 : Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offering only Islamic Financial Services • Focus on Credit Risk & Supervisory Perspective • Focus on Equity Risk & Supervisory Perspective • Focus on Operational Risk & Supervisory Perspective 13:00 - 14:00 Lunch & Prayer 14:00 - 15:00 Session 3 IFSB-1 : Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offering only Islamic Financial Services (cont.) • Focus on Market Risk & Supervisory Perspective • Focus on Liquidity Risk & Supervisory Perspective • Focus on Rate of Return Risk & Supervisory Perspective 15:00 - 15:30 Coffee Break 15:30 - 17:00 Session 4 Intensive Case Study 1 and Discussions : Managing Shari’ah Non-Compliance and Legal Risk in IIFS Intensive Case Study 2 and Discussions : Failure of an IIFS :A Risk Management Perspective Sharing experiences on Risk Management Practices in the IFSB member Countries Day 2 22/11/2011 IFSB-2 : CAPITAL ADEQUACY STANDARD FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS) GN-2: GUIDANCE NOTE IN CONNECTION WITH THE RISK MANAGEMENT AND CAPITAL ADEQUACY STANDARDS: COMMODITY MURÂBAHAH TRANSACTIONS 09:30 - 11:00 Session 5 Why do we need for capital regulations? Why international framework such as of BCBS (Basel) on Capital adequacy is not applicable to IIFS? How does IFSB Capital Adequacy framework differ with Basel framework in terms of Numerator (i.e. eligible capital) and Denominator (i.e. Credit risk, Market risk, and Operational risk)? IFSB-2 : Capital Adequacy Standard for Institutions (other than Insurance Institutions) Offering only Islamic Financial Services (IIFS) • Overview of Capital Adequacy Standard • Capital Adequacy Formulas 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 6 Measurement of Capital Adequacy Requirements for Credit Risk • Credit Risk Mitigation • Examples • Group Exercise 13:00 - 14:00 Lunch & Prayer 14:00 - 15:30 Session 7 Measurement of Capital Adequacy Requirements for Market Risk • Examples • Group Exercise • Group Discussion on Regulatory Approaches for Applying Risk Weights on Profit Sharing Modes 15:30 - 16:00 Coffee Break 16:00 - 17:00 Session 8 Measurement of Capital Adequacy Requirements for Operational Risk • Individual Exercise Capital Requirements for Islamic Financing Contracts GN-2 : Guidance Note in Connection with the Risk Management and Capital Adequacy Standards: Commodity Murâbahah Transactions Day 3 23/11/2011 GN-4 : GUIDANCE NOTE IN CONNECTION WITH THE CAPITAL ADEQUACY STANDARD: THE DETERMINATION OF ALPHA IN THE CAPITAL ADEQUACY RATIO GN-1 : GUIDANCE NOTE IN CONNECTION WITH THE CAPITAL ADEQUACY STANDARD: RECOGNITION OF RATINGS BY EXTERNAL CREDIT ASSESSMENT INSTITUTIONS (ECAIS) ON SHARÎ'AH-COMPLIANT FINANCIAL INSTRUMENTS IFSB-7 : CAPITAL ADEQUACY REQUIREMENTS FOR SUKÛK & SECURITISATIONS AND REAL ESTATE INVESTMENTS 09:30 - 11:00 Session 9 GN-4: Guidance Note In Connection with the Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio • Case Study & Discussion : The Determination of Alpha and Displaced Commercial Risk 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 10 Comprehensive Case Study & Discussion on IFSB-2 : Capital Adequacy for IIFS GN-1: Guidance Note in Connection with the Capital Adequacy Standard: Recognition of Ratings by External Credit Assessment Institutions (ECAIs) on Sharî'ah-Compliant Financial Instruments Sharing Experiences on Capital Adequacy Requirements in the IFSB Member Countries 13:00 - 14:00 Lunch & Prayer 14:00 - 15:30 Session 11 IFSB-7 : Capital Adequacy Requirements for Sukûk & Securitisations and Real Estate Investments 15:30 - 16:00 Coffee Break 16:00 - 17:00 Session 12 IFSB-7 : Capital Adequacy Requirements for Sukûk & Securitisations and Real Estate (cont.) Case Study & Discussion Day 4 24/11/2011 IFSB-3 : GUIDING PRINCIPLES ON CORPORATE GOVERNANCE FOR INSTITUTIONS OFFERING ONLY ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS IFSB-10 : GUIDING PRINCIPLES ON SHARIAH GOVERNANCE SYSTEMS FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES GN-3 : GUIDANCE NOTE ON THE PRACTICE OF SMOOTHING THE PROFITS PAYOUT TO INVESTMENT ACCOUNT HOLDERS 09:30 - 11:00 Session 13 IFSB-3 : Guiding Principles on Corporate Governance for Institutions Offering Only Islamic Financial Services (Excluding Islamic Insurance (Takaful) Institutions and Islamic Mutual Funds • Overview of Corporate Governance • Recommended Best Practices on Corporate Governance for the IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 14 Recommended Best Practices on Corporate Governance for the IIFS (cont.) GN-3 : Guidance Note on the Practice of Smoothing the Profits Payout to Investment Account Holders Case Studies on IFSB-3 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 15 IFSB-10 : Guiding Principles On Shariah Governance Systems For Institutions Offering Islamic Financial Services • Overview of Shari’ah Governance Systems • General Approach to Shari’ah Governance Systems Criteria for Sound Shari’ah Governance Systems Case Studies Sharing Experiences on Corporate Governance & Shari’ah Governance for IIFS in the IFSB Member Countries 16:00 - 16:30 Coffee Break Day 5 25/11/2011 IFSB-4 : DISCLOSURES TO PROMOTE TRANSPARENCY AND MARKET DISCIPLINE FOR