Islamic Financial Services Board

IFSB-FIS Workshop Series (Oman)
2016-03-28 08:00 - 2016-03-31 15:30 UTC | Crowne Plaza Muscat, Oman, Muscat, Oman
This 4-day workshop is tailored for the regulatory and supervisory authorities and will cover the following IFSB Standards:

IFSB-15: Revised Capital Adequacy Standard for Institutions Offering only Islamic Financial Services (IIFS)
IFSB-16: Revised Guidance on Key Elements in the Supervisory Review Process of IIFS

Overall, this Workshop 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 the 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 the participants on the implementation of respective IFSB Standards and Guiding Principles.

This Workshop is hosted by Central Bank of Oman and participation in this Workshop is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at hamizi@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
28/03/2016
08:00 – 08:30
Registration

08:30 – 09:00
Opening Remarks and Group Photo

09:00 – 10:30
Session 1: IFSB-15: Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services (IIFS) Components of Capital Capital Conservation Buffer Countercyclical Buffer Case Study on Components of Capital for IIFS

10:30 – 11:00
Coffee Break

11:00 – 12:30
Session 2: IFSB-15: Revised Capital Adequacy Standard for IIFS Leverage Ratio Domestic Systemically Important Banks Case Study on Leverage Ratio Case Study on Countercyclical Buffer

12:30 – 13:30
Lunch and Prayer

13:30 – 15:30
Session 3: IFSB-15: Revised Capital Adequacy Standard for IIFS Credit Risk Weights for Various Counterparties Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Past Due Receivables & Other Assets

Day 2
29/03/2016
08:30 – 10:00
Session 4: IFSB-15: Revised Capital Adequacy Standard for IIFS Credit Risk Mitigation Credit Risk Mitigation Techniques Commonly Used by IIFS Credit Risk Mitigation Approaches Recognition of Ratings by External Credit Assessment Institution

10:00 – 10:30
Coffee Break

10:30 – 12:00
Session 5: IFSB-15: Revised Capital Adequacy Standard for IIFS Understanding the Market Risk in Islamic Finance Policies and Procedures for Market risk Guidance on Valuation Practices Group Exercise

12:00 – 13:00
Lunch and Prayer

13:00 – 15:00
Session 6: IFSB-15: Revised Capital Adequacy Standard for IIFS Overview of Operational Risk Understanding Operational Risk in Islamic Finance Measuring Operational Risks Group Exercise

Day 3
30/03/2016
08:30 – 10:00
Session 7: IFSB-15: Revised Capital Adequacy Standard for IIFS Features of Sukūk and Securitisation in Sukūk Securitisation Process for Sukūk Role of IIFS in Sukūk Securitisation Credit Enhancement Mechanisms for Sukūk

10:00 – 10:30
Coffee Break

10:30 – 12:00
Session 8: IFSB-15: Revised Capital Adequacy Standard for IIFS Regulatory Capital for Sukūk in IIFS Capital Requirements for Sukūk Retained Securitisation Exposure Case Study

12:00 – 13:00
Lunch and Prayer

13:00 – 15:00
Session 9: IFSB-15: Revised Capital Adequacy Standard for IIFS Current Regulatory Environment of Real Estate Activities Risk Exposures in Real Estate Activities Supervision of Real Estate Activities Risk-Weighting of Real Estate Exposures

Day 4
31/03/2016
08:30 – 10:00
Session 10: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Supervisory Preconditions, Criteria and Approaches for Effective Supervision of IIFS Key Elements in the Supervisory Review Process of IIFS Regulatory Capital Requirements Treatment of Investment Account Holders (IAH) and Displaced Commercial Risk

10:00 – 10:30
Coffee Break

10:30 – 12:00
Session 11: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Internal Capital Adequacy Assessment Process Islamic Windows Operations Assessment of Additional Issues Supervisory Transparency and Accountability

12:00 – 13:00
Lunch and Prayer

13:00 – 15:00
Session 12: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Corporate and Shariah Governance Transparency and Market Discipline Consolidated and Home-host Supervision Case Study

15:00 – 15:30
Closing & Certificate Giving Ceremony

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2nd IFSB Seminar On Legal Issues In Islamic Financial Services Industry
2016-03-14 09:00 - 2016-03-15 17:30 | The Landmark London Hotel, London, 222 Marylebone Rd, London NW1 6JQ, London, UK, United Kingdom
Theme: Towards an Effective Legal Framework for Islamic Finance: Asset Securitisation and Insolvency The 2nd Seminar on Legal Issues in the Islamic Financial Services Industry will focus on two subjects of immediate relevance, sukuk and insolvency. Experts in Shari`ah, law and industry will give presentation on these subjects as they grow increasingly important for the future of Islamic finance in general and the treasuries of Islamic financial institutions in particular.
Programme – Event Session(s)

Date
Time
Topics

Day 1
14/03/2006
09:00 – 09:45
Opening and Keynote

09:45 – 10:45
Session 1: A General Survey of Legal Issues in Islamic Finance The scope of Islamic banking laws The relationship of legal infrastructure to product development and risk management Islamic banks in takaful and capital markets Preconditions for effective bank supervision Sukuk structures and the capital markets Islamic bank insolvency and default The objectives of the conference The conduct of the conference

11:00 – 12:00
Session 2: Case Study 1: Sovereign and Inter-Governmental Organizations Sukuk Securitization Structure: Shari’ah Issues Legal Structure Market Acceptance Outcome

12:00 – 13:30
Session 3: Case Study 2: Sovereign and Inter-Governmental Organizations Sukuk – Analysis Syndication and Funding Credit Enhancement Rating Risk Secondary Market Potential Shari’ah-related Considerations Jurisdiction-related Considerations

15:00 – 16:00
Session 4: Case Study 1: Corporate Sukuk Securitization Structure: Shari’ah Issues Legal Structure Market Acceptance Outcome

16:15 – 17:30
Session 5: Case Study 2: Corporate Sukuk – Analysis Syndication and Funding Credit Enhancement Rating Risk Secondary Market Potential Shari’ah-related Considerations Jurisdiction-related Considerations

Day 2
15/03/2006
09:00 – 10:20
Session 6: The Future for Sukuk Expanding Enabling Legislation Dealing with Restrictions on Foreign Ownership Expanding Enabling Infrastucture: Trusts and SPVs Cross Border Issues Islamic Money Market Instruments and Liquidity Management Risk Management and Monetary Policy Product Innovation Ratings and Shari`ah Risk

10:45 – 12:00
Session 7: Insolvency in Islamic Financial Institutions: A Survey of Relevant Legislation GCC Islamic banks Eastern Islamic banks Western Islamic banks The concepts of iflas and hajr al-madin and their consequences Responsibilities of IFIs to investment account holders and equity owners Responsibilities of IFIs to debtors

14:30 – 16:00
Closing Session: Panel Discussion on Preconditions for Effective Supervision and Stability Key Conclusions of the Conference Components of an Effective Legal Framework for Islamic Finance Supervision, Risk Management, and International Standards

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshop Series - Takaful (Nigeria)
2016-02-23 09:30 - 2016-02-25 16:30 | Chelsea Hotel, Mohammadu Buhari Way, Abuja, Nigeria, Abuja, Nigeria
This 3-day workshop is tailored for the Regulatory and Supervisory Authorities for the Takāful sector and will cover topics on introduction to Islamic finance and Takāful as well as the following IFSB Standards:

IFSB-8: Guiding Principles on Governance for Takāful Undertakings
IFSB-11: Standard on Solvency Requirements for Takāful Undertakings
IFSB-14: Standard on Risk Management for Takāful Undertakings

Overall, this Workshop 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 the 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 the participants on the implementation of respective IFSB Standards and Guiding Principles.

This Workshop is hosted by the National Insurance Commission (NAICOM) and participation in this Workshop is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at hamizi@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
23/02/2016
09:30 – 09:30
Registration

09:30 – 09:45
Welcoming Remarks

09:45 – 11:00
Session 1: Introduction to Islamic Finance and Takāful (Islamic Insurance) Introduction to Takāful Takāful Models Issues Faced by Takāful Operators

11:00 – 11:30
Group Photo and Coffee Break

11:30 – 13:00
Session 2: IFSB-8: Guiding Principles on Governance for Takāful Undertakings Why Governance for Takāful Undertakings? Reinforcement of Relevant Good Governance Practices A Balanced Approach for Fair Treatment

13:00 – 14:00
Lunch and Prayer

14:00 – 16:00
Session 3: IFSB-8: Guiding Principles on Governance for Takāful Undertakings Governance Structure for Participants Procedures for Proper Disclosure Case Studies

16:00 – 16:30
Coffee Break

Day 2
24/02/2016
09:00 – 09:30
Registration

09:30 – 11:00
Session 4: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Specificities of Solvency Requirements for Takāful Total Balance Sheet Approach Adequate Solvency Resources

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 5: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Establish Solvency Control Levels Quality / Suitability of Solvency Resources Comprehensive Risk Management Framework

13:00 – 14:00
Lunch and Prayer

14:00 – 16:00
Session 6: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Supervisory Review of Risk Management Framework Public Disclosure of Solvency Information Case Studies

16:00 – 16:30
Coffee Break

Day 3
25/02/2016
09:00 – 09:30
Registration

09:30 – 11:00
Session 7: IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Specificities of Takāful Undertakings Relevant to Risk Management Ownership of Risk Fund Significant Risks of Particular Relevance to Takāful

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 8: IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Significant Risks of Particular Relevance to Takāful (Cont’d) Enterprise Risk Management Risk Governance Framework

13:00 – 14:00
Lunch and Prayer

14:00 – 16:00
Session 9: IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings Key elements in the supervisory review process of risk management for Takāful undertakings Systemic Risk Considerations Case Study

16:00 – 16:15
Closing & Certificate Giving Ceremony

16:15 – 16:45
Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshop Series - Banking (Nigeria)
2016-02-23 09:00 - 2016-02-26 16:15 | Chelsea Hotel Abuja, abuja, Nigeria
This 4-day workshop is tailored for the Regulatory and Supervisory Authorities and the market players for the banking sector. The workshop will discuss the following IFSB Standards:

IFSB-15: Revised Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS)
IFSB-16: Revised Guidance on Key Elements in the Supervisory Review Process of IIFS

Overall, this Workshop 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 the 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 the participants on the implementation of respective IFSB Standards and Guiding Principles.

This Workshop is hosted by the Central Bank of Nigeria and participation in this Workshop is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at hamizi@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
23/02/2016
09:00 – 09:30
Registration

09:30 – 09:45
Opening Session

09:45 – 11:00
Session 1: IFSB-15: Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services (IIFS) Components of Capital Capital Conservation Buffer Countercyclical Buffer Case Study on Components of Capital for IIFS

11:00 – 11:30
Group Photo and Coffee Break

11:30 – 13:00
Session 2: IFSB-15: Revised Capital Adequacy Standard for IIFS – Continued Leverage Ratio Domestic Systemically Important Banks Group Exercise on Leverage Ratio Case Study on Countercyclical Buffer

13:00 – 14:00
Lunch and Prayer

14:00 – 16:00
Session 3: IFSB-15: Revised Capital Adequacy Standard for IIFS – Continued Credit Risk Weights for Various Counterparties Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Past Due Receivables & Other Assets

16:00 – 16:15
Coffee Break

Day 2
24/02/2016
09:00 – 09:30
Registration

09:30 – 11:00
Session 4: IFSB-15: Revised Capital Adequacy Standard for IIFS – Continued Credit Risk Mitigation Credit Risk Mitigation Techniques Commonly Used by IIFS Credit Risk Mitigation Approaches Recognition of Ratings by External Credit Assessment Institution

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 5: IFSB-15: Revised Capital Adequacy Standard for IIFS – Continued Understanding Market Risk in Islamic Finance Policies and Procedures for the Management of Market risk Guidance on Valuation Practices Group Exercise

13:00 – 14:00
Lunch and Prayer

14:00 – 16:00
Session 6: IFSB-15: Revised Capital Adequacy Standard for IIFS – Continued Understanding Operational Risk in Islamic Finance Measuring Operational Risks Sharī`ah Non-compliance Risk Group Exercise

16:00 – 16:15
Coffee Break

Day 3
25/02/2016
09:00 – 09:30
Registration

09:30 – 11:00
Session 7: IFSB-15: Revised Capital Adequacy Standard for IIFS – Continued Current Regulatory Environment of Real Estate Activities Supervision of Real Estate Activities Features of Sukūk and Securitisation Securitisation Process for Sukūk Structuring

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 8: IFSB-15: Revised Capital Adequacy Standard for IIFS – Continued Capital Requirements for Sukūk Holdings of Sukūk by IIFS (IIFS investor) Retained Securitisation Exposure (IIFS originator) Case Studies

13:00 – 14:00
Lunch and Prayer

14:00 – 16:00
Session 9: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS – Continued Supervisory Preconditions, Criteria and Approaches for Effective Supervision of IIFS Key Elements in the Supervisory Review Process of IIFS Regulatory Capital Requirements Treatment of Investment Account Holders (IAH) and Displaced Commercial Risk

16:00 – 16:15
Coffee Break

Day 4
26/02/2016
08:00 – 08:30
Registration

08:30 – 10:00
Session 10: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS – Continued Internal Capital Adequacy Assessment Process Islamic Windows Operations Assessment of Additional Issues Supervisory Transparency and Accountability

10:00 – 10:30
Coffee Break

10:30 – 12:00
Session 11: IFSB-15: Revised Capital Adequacy Standard for IIFS – Continued Governance and Risk Management Transparency and Market Discipline Consolidated and Home-host Supervision Case Study

12:00 – 12:30
Closing & Certificate Giving Ceremony

12:30 – 14:00
Lunch and Prayer

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB Industry Engagement Session: Global Outlook of Islamic Finance
2016-01-28 09:00 - 12:30 | Multi Purpose Hall, Level 3, Lanai Kijang, Bank Negara Malaysia, Malaysia
The IFSB Industry Engagement Session is an initiative by the Secretariat to provide an interactive platform for communication between the key players of the Islamic financial services industry (IFSI), from among the IFSB member and non-member organisations, and the IFSB Secretariat.

For any queries, please contact Mr. Ifran Tarmizi at ifran@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
28/01/2016
09:00 – 09:50
Networking Coffee

10:00 – 10:10
Opening Remarks

10:10 – 10:30
Global Outlook of Islamic Finance: Stabilty, Resilience and The Role of The IFSB

10:30 – 10:50
Stakeholders Engagement in Supporting The Islamic Financial Services Industry’s Sound Development

10:50 – 11:30
Interactive Session

11:30 – 12:30
Lunch

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Roundtable Discussion : IFSB Exposure Draft on Guiding Principles for Retakaful (Islamic Reinsurance) and Meet the Members & Industry Engagement Session
2016-01-10 08:30 - 17:30 | InterContinental Regency Bahrain, Manama, Bahrain
The Roundtable Discussion : IFSB Exposure Draft on Guiding Principles for Retakāful (Islamic Reinsurance) was held on 10 January 2016, in Manama, Bahrain, which was hosted by the Central Bank of Bahrain.

The IFSB has issued an Exposure Draft, ED-18: Guiding Principles for Retakāful (Islamic Reinsurance) on 5 November 2015 for public consultation, aimed to provide the regulatory and supervisory authorities (RSAs) and market players of the Takāful industry guidance relating to Retakāful. ED-18 identifies and sets forth a set of basic principles and best practices pertaining to Retakāful activities of both Takāful and Retakāful Operators (TOs and RTOs).

This Roundtable aimed to invite greater engagement and garner feedback and comments from key industry stakeholders on the Exposure Draft prior to its final submission to the IFSB Council.

The Roundtable also saw active involvement from the key industry stakeholders, acted as chairperson and speakers for the Roundtable as well as 28 registered participants from among the IFSB member and non-member organisations.

Programme – Event Session(s)

Date
Time
Topics

Day 1
10/01/2016
IFSB MEET THE MEMBERS AND INDUSTRY ENGAGEMENT SESSION

(VENUE: AMBASSADOR ROOM (MEZZANINE FLOOR)

ROUNDTABLE DISCUSSION : IFSB EXPOSURE DRAFT ON GUIDING PRINCIPLES FOR RETAKāFUL (ISLAMIC REINSURANCE)

VENUE : AL RIFAA BALLROOM (GROUND FLOOR)

08:30 – 09:00
Registration

09:00 – 10:10
IFSB MEET THE MEMBERS AND INDUSTRY ENGAGEMENT SESSION

10:10 – 10:30
Coffee Break & Networking Session

10:30 – 15:30
ROUNDTABLE DISCUSSION : IFSB EXPOSURE DRAFT ON GUIDING PRINCIPLES FOR RETAKĀFUL (ISLAMIC REINSURANCE)

10:30 – 10:45
Opening Remarks

10:45 – 11:10
Presentation on the Exposure Draft of the Guiding Principles for Retakāful

11:10 – 11:30
Session 1: Understanding Retakāful and Its Underlying Contracts (Introduction to Retakāful, the Concept and the Principal Structures) Introduction to Retakāful, the Concept and the Principal Structures

11:30 – 11:50
Session 1: Understanding Retakāful and Its Underlying Contracts (Retakāful Core Principles, Categorisation, and Special Issues) Retakāful Core Principles, Categorisation, and Special Issues

11:50 – 11:30
Session 1: Understanding Retakāful and Its Underlying Contracts Open Discussion

12:30 – 13:30
Lunch & Prayers

13:30 – 13:50
Session 2: The Guiding Principles for Retakāful (Principle I: Governance of Retakāful Undertakings & Principle II: Compliance with Sharī`ah Principles) Principle I: Governance of Retakāful Undertakings Principle II: Compliance with Sharī`ah Principles

13:50 – 14:10
Session 2: The Guiding Principles for Retakāful (Principle III: Prudential Framework, Principle IV: Transparency and Disclosure & Principle V: Supervisory Principle III: Prudential Framework Principle IV: Transparency and Disclosure Principle V: Supervisory

14:10 – 14:50
Session 2: The Guiding Principles for Retakāful Open Discussion

14:50 – 15:00
Chairman’s Summary

15:00 – 15:30
Coffee Break End of Roundtable Discussion

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

12th Islamic Financial Stability Forum :Promoting Consistency in the Implementation of Prudential Standards
2015-12-08 14:30 - 16:30 | Jeddah, Jeddah, Saudi Arabia, Saudi Arabia
The IFSB organised its 12th Islamic Financial Stability Forum (12th IFSF) on 8 December 2015, in Jeddah, Saudi Arabia.

The 12th IFSF was held in conjunction with the 27th Council Meeting of the IFSB, hosted by the Islamic Development Bank.

Programme – Event Session(s)

Date
Time
Topics

Day 1
08/12/2015
14:30 – 14:40
Chairman’s Remarks H.E. Agus D.W. Martowardojo, Governor, Bank Indonesia

14:40 – 15:40
Presentation on Promoting Consistency in the Implementation of Prudential Standards Speaker: Mr. Marc Farag, Member of Basel Committee on Banking Supervision Secretariat (MPhil), Basel Committee on Banking Supervision Discussants: 1. Mr. Mohd Zabidi Md Nor, Director of Prudential Policy Department, Bank Negara Malaysia 2. Mr. Suliman Aljabrin, Banking Supervisor, Saudi Arabian Monetary Agency

15:40 – 16:00
Discussion and Q&A Session

16:00 – 16:30
Coffee and Networking Break End of Forum

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

27th Meeting of the Council of the IFSB (For Full Members only) and 12th Islamic Financial Stability Forum (by invitation only)
2015-12-08 09:30 - 16:30 | –, Bali, Indonesia
The 27th Meeting of the Council of the IFSB and 12th Islamic Financial Stability Forum are hosted by the Islamic Development Bank.

These meetings are by invitation only. For more information on the meetings, please email the following Secretariat in charge:

1) Council Meeting – Ms. Nur Khairun Nissa Md Zawawi, email : khairun.nissa@ifsb.org

2) Islamic Financial Stability Forum – Ms. Yazmin Aziz, email : yazmin@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
08/12/2015
09:30 – 13:00
27th Meeting of the Council of the IFSB

14:30 – 16:30
12th Islamic Financial Stability Forum Theme: Promoting Consistency in the Implementation of Prudential Standards The Islamic Finance and Global Financial Stability Report (IFSB-IRTI, 2010), drew attention to the importance of not only accelerating effective implementation of prudential standards to promote and enhance the soundness and stability of the Islamic financial services industry, but also to contributing towards the consistent development of Islamic finance across jurisdictions. The Core Principles for Islamic Financial Regulation for the banking segment (CPIFR) issued by the IFSB in April 2015 has facilitated a step towards this harmonisation and consistency in the implementation of prudential frameworks across countries, by providing a framework for assessment of the regulatory and supervisory framework of the banking sector. The IFSB’s current strategy focuses on promoting the implementation through workshops under the Facilitating the Implementation of Standards (FIS) Initiatives and Implementation Surveys, both of which have contributed substantially towards enhancing the IFSB’s ability to assist RSAs seeking to strengthen their regulatory and supervisory framework for Islamic finance. The IFSB efforts are in line with the practice of other global standard-setting bodies, who are taking steps to not only track the implementation of their standards, but to also review the consistency in such implementation across various jurisdictions. The Basel Committee on Banking Supervision (BCBS), for example, adopted a Regulatory Consistency Assessment Programme (RCAP) in 2012, noting the importance of consistency in the adoption and implementation of prudential standards in enhancing the resilience of the banking system, improving public confidence in prudential ratios and developing a transparent regulatory environment that promotes a level playing field. The programme is a central element of the BCBS’s continuous efforts to monitor the implementation and timely adoption of the Basel III standards, ensuring consistency of the adopted regulations, as well as evaluating the quality and comparability of regulatory outcomes. The RCAP promotes consistent adoption of the Basel framework by helping member jurisdictions identify domestic regulations that are not in line with the letter and spirit of the relevant Basel standards, weigh the materiality of any such deviations and undertake reforms where necessary. The European Banking Authority (EBA), also works to ensure effective and consistent implementation of prudential regulation and supervision in EU countries. It introduced a European Single Rulebook in banking for the purpose of providing a set of harmonised prudential rules for financial institutions throughout the EU, to ensure uniform application of its rules across Member States which serves to close any regulatory loopholes that may arise from differences in prudential frameworks. The EBA thus plays an important role in promoting convergence of supervisory practices in the EU banking sector by identifying any material differences in the practices and formulate necessary policy solutions to enhance convergence between banks. The IMF Staff Discussion Note on Islamic Finance (May 2015) has observed that in Islamic finance jurisdictions, the application of standards is not uniform across countries, which brings to the fore concerns that it may encourage growth in a manner that gives rise to systemic vulnerabilities. It also underlined the importance of seeking greater harmonisation, both across and within countries, through better implementation of existing standards for Sharī`ah governance. Against this background, a natural step forward in furthering the current implementation programme of the IFSB to focus on greater consistency in the adoption of its standards for regulation and supervision of institutions offering Islamic financial services. The 12th Islamic Financial Stability Forum will seek to examine the experiences of the other international agencies to promote and assess the consistency of the implementation of prudential standards, and identify opportunities and direction for future work in the Islamic Financial Services Industry to encourage consistency across Islamic finance jurisdictions.

14:30 – 14:40
Chairman’s Remarks

14:40 – 15:00
Presentation on Promoting Consistency in the Implementation of Prudential Standards Speaker: Mr. Marc Farag, Member of Basel Committee on Banking Supervision Secretariat, Basel Committee on Banking Supervision

15:00 – 15:40
Discussion Discussants: Mr. Mohd Zabidi Md Nor, Director of Prudential Policy Department, Bank Negara Malaysia Mr. Suliman Aljabrin, Banking Supervisor, Saudi Arabian Monetary Agency

15:40 – 16:00
Q&A Session

16:00 – 16:30
Coffee Break & Networking

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-INCEIF Executive Forum - Resilience and Stability of the Islamic Financial Services Industry: Opportunities and Challenges Ahead
2015-12-01 00:00 - 2015-12-02 00:00
Against the backdrop of the slow global economic recovery in the past years, and continued turmoil in the financial markets, the 8th IFSB-INCEIF Executive Forum focuses on key issues affecting the Islamic Financial Services Industry’s (IFSI) stability along with the strategic approaches needed to ensure that the IFSI is able to achieve a level of resilience that withstands the impact of financial turbulence.
The theme of the 8th edition of the IFSB-INCEIF Executive Forum series – “Resilience and Stability of the Islamic Financial Services Industry: Opportunities and Challenges Ahead” – intends to discuss this important topic that affects not only national economies and financial institutions, but also ordinary investors and tax payers. More specifically, the forum aims to cover the following areas:

Updates on the trends and developments in the various segments of the industry – Islamic banking, Islamic capital markets as well as Takāful;
Initiatives undertaken by the regulators and international standard setting organisations to further strengthen the resilience and stability of the financial institutions and markets; and
Emerging issues in the stability of the IFSI, including among others: consumer protection, Sharī’ah-compliant safety nets and cross-border linkages.

This 8th Edition of the IFSB-INCEIF Executive Forum will serve as a platform for discussion (through panel sessions, group discussion, and practical case studies) between the participants and the speakers who are global leaders from amongst market players, regulators and academia.
The two full-day Forum will be divided into seven sessions, which are:

Development of the Global IFSI
Effective Macro-prudential Policies
Strengthening Protection of the Financial Sector
Sharī’ah-compliant Lender of Last Resort (LOLR)
Takāful: Unlocking the Potential and Supporting Stability
Islamic Capital Markets (ICM): Achieving a Rigorous and Robust Regulatory Framework; and
Panel Discussion on Fostering Global Linkages and Cross-border Potentials Towards Enhancing Resilience and Stability

To date, the following speakers are confirmed to speak at the Forum:

Mr. Takashi Hamano, Assistant Commissioner for International Affairs, Financial Services Agency, Japan
Dr. Magda Elsayed Kandil, Chief Economist, Research and Statistics Department, Central Bank of United Arab Emirates
Ms. Che Zakiah Che Din, Director, Financial Conglomerate Supervision Department, Bank Negara Malaysia
Mr. Rafiz Azuan Abdullah, Executive General Manager, Malaysia Deposit Insurance Corporation
Mr. Ritesh Maheshwari, Managing Director & Lead Analytical Manager, Financial Services Ratings, Standard & Poor’s Ratings Services, Singapore
Mr. Shamsun Anwar Hussain, Managing Director, Business Management Office, CIMB Islamic Bank, Malaysia
Assoc. Prof. Dr. Younes Soualhi, Chairman, Sharī`ah Committee, HSBC Amanah Malaysia Berhad, Malaysia
Tuan Syed Alwi Mohd Sultan, Executive Vice President, Corporate Services, Bank Muamalat Malaysia Berhad
Mr. Hassan Scott Odierno, Partner, Actuarial Partners Consulting Sdn Bhd, Malaysia
Mr. Syed Faiq Najeeb, Member of the Secretariat, Technical and Research, Islamic Financial Services Board, Malaysia

For more information on this Executive Forum, please email Mr. Hamizi Hamzah at hamizi@ifsb.org
Programme – Event Session(s)

Date
Time
Topics

Day 1
01/12/2015
08:30 – 09:30
Morning Coffee and Registration

09:30 – 09:45
Opening and Welcoming Remarks

09:45 – 11:00
Developments in the Global Islamic Financial Services Industry (IFSI) towards Promoting Financial Stability Overview of the development of the Islamic Financial Services Industry Future prospects and current challenges Policy recommendations to enhance growth and stability

11:00 – 11:30
Group Photo and Coffee Break

11:30 – 13:00
Financial Stability Framework: Motivations for Effective Macro-prudential Policies Emerging Practices, Initiatives and Trends in the Macro-prudential Policies of institutions offering Islamic financial services (IIFS) Systemic Risks and Countercyclical Issues: A Need for Additional Policies Capital Buffers and Leverage Ratio of IIFS: Fundamental Factors in Financial Stability

13:00 – 14:00
Lunch and Prayers

14:00 – 15:30
Safety Nets: Strengthening Protection of the Financial Sector The Rights of Profit-sharing Investment Account (PSIA) Holders under the Sharī`ah-compliant Deposit Insurance Preserving Rights of the Consumers and Policy-holders via Sharī`ah-compliant Deposit Insurance Schemes: Contemporary Issues and Challenges Promoting Sound Crisis Management Policies and Procedures

15:30 – 16:00
Coffee Break

16:00 – 17:30
Sharī’ah-compliant Lender of Last Resort (LOLR): The Role of Central Banks and Monetary Authorities Main Impediments to the Development of Infrastructure and Instruments for Sharī’ah-compliant LOLR Facilities and Emergency Financing Mechanisms Required Criteria of Instruments for Use in Sharī’ah-compliant LOLR Facilities Cross-border Sharī’ah-compliant LOLR facilities

Day 2
02/12/2015
08:30 – 09:30
Morning Coffee

09:30 – 11:00
Takāful: Unlocking the Potential and Supporting Stability Takāful Industry Perception and Penetration Challenges Utilising MicroTakāful Coverage for Social Protection The Way Forward for Growth, Investment and Regulation in the Takāful sector

11:00 – 11:30
Coffee Break

11:30 – 13:00
Islamic Capital Markets (ICM): Achieving a Rigorous and Robust Regulatory Framework Interlinkages Between Global Financial Market and ICM Enhancing the Current Legal and Regulatory Frameworks for ICM Promoting Confidence and Soundness in the ICM: Policy Implication

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Panel Discussion on Fostering Global Linkages and Cross-border Potentials Towards Enhancing Resilience and Stability Home and Host Supervision and Cross-border Resolutions A Need for a Robust Supervision of Global Cross-border ICM Instruments Integrating Cross-border Takāful Business

16:00 – 16:30
Closing & Certificate Giving Ceremony

16:30 – 17:00
Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Brochure – 8th IFSB-INCEIF Executive Forum

3.)

Hotel – Hilton Kuala Lumpur – Rates

4.)

Hotel – Lanai Kijang – Rates

5.)

Hotel Majestic Kuala Lumpur – Rates and Reservation Form

6.)

JW Marriott Kuala Lumpur – Rates and Reservation Form

7.)

Pacific Regency Hotel & Suites – Rates

The IFSB Public Hearing on Exposure Draft 18 - Guiding Principles for Retakaful (Islamic Reinsurance)
2015-11-30 09:00 - 11:00 | Training Room 3.3 & 3.4, Sasana Kijang , Bank Negara Malaysia, Kuala Lumpur, Malaysia., 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 the Exposure Draft 18 – Guiding Principles for Retakaful (Islamic Reinsurance).

For more information on the Public Hearing, please email to Ms. Nazarina Abdul Majid at nazarina@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
30/11/2015
09:00 – 09:30
Registration

09:30 – 09:35
Opening Remarks by Assistant Secretary – General of the IFSB

09:35 – 10:25
Presentation by the Project Manager

10:25 – 11:00
Questions and Answers

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshop on IFSB Standards for Regulatory and Supervisory Authorities for the Banking Sector
2015-11-16 09:00 - 2015-11-20 16:15 | Training Room 3.1 & 3.2, Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur, Malaysia
This 5-day Workshop is tailored for the Regulatory and Supervisory Authorities for the banking sector. The major focus of the Workshop will be on the most recent Guiding Principles which address the new global regulatory requirements for the supervisory review process and for liquidity management. The workshop will discuss the following IFSB Standards:

IFSB-16 : Revised Guidance on Key Elements In The Supervisory Review Process of IIFS
GN-6 : Guidance Note on Quantitative Measures for Liquidity Risk Management in IIFS
IFSB-10 : Guiding Principles on Sharī`ah Governance Systems for IIFS

Overall, this Workshop 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 queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at hamizi@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
16/11/2015

IFSB-16: REVISED GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS

09:00 – 09:30
Registration

09:30 – 09:45
Opening Session

09:45 – 11:15
Session 1: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Necessary Preconditions for Effective Supervision Criteria for Classifying the Institution as an IIFS or Window Additional Considerations in the Issuance of an IIFS License Supervisory Approaches in the Supervision of IIFS

11:15 – 11:30
Group Photo and Coffee Break

11:30 – 13:00
Session 2: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Regulatory Capital Requirements Guidance on the Slotting Method Treatment of IAH and Displaced Commercial Risk Advanced Approaches and Supervisory Discretion

13:00 – 14:00
Lunch and Prayer

14:00 – 16:00
Session 3: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Internal Capital Adequacy Assessment Process (ICAAP) ICAAP Framework for IIFS Supervisory Review Process in ICAAP Case Study

16:00 – 16:15
Coffee Break

Day 2
17/11/2015

IFSB-16: REVISED GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS

09:30 – 11:00
Session 4: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Governance and Risk Management Sharī`ah Governance Risk Management and Risk Management Process Enterprise-wide Risk Management Framework

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 5: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Related Party Transactions Risk Management Framework for Securitisation Supervisory Review for Securitisation and Specificities of IIFS SPEs and Key Considerations in the Supervisory Review Process Case Study

13:00 – 14:00
Lunch and Prayer

14:00 – 16:00
Session 6: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Transparency and Market Discipline Consolidated and Cross-sector Supervision Home-host Cooperation and Structures of Cooperation Case Study

16:00 – 16:15
Coffee Break

Day 3
18/11/2015

IFSB-16: REVISED GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS

09:30 – 11:00
Session 7: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Internal Controls of the Islamic Window Operations Regulatory Capital Requirement for the Islamic Window Operations Disclosure Requirements for the Islamic Window Operations Case Study

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 8: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Supervisory Review for Credit Concentration Risk Concentration Limits for Real Estate Investment Assessment of Rate of Return Risk in the Banking Book Counterparty Credit Risk Case Study

13:00 – 14:00
Lunch and Prayer

14:00 – 16:00
Session 9: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Liquidity Risk Management and Supervision Sound Stress Testing Practices Sharī`ah-compliant Hedging Techniques Supervisory Transparency and Accountability

16:00 – 16:15
Coffee Break

Day 4
19/11/2015

GN-6: GUIDANCE NOTE ON QUANTITATIVE MEASURES FOR LIQUIDITY RISK MANAGEMENT

09:30 – 11:00
Session 10: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management Application of the LCR in IIFS Definition and Categorisation of High Quality Liquid Assets (HQLA) Operational Considerations for HQLA Infrastructure Issues in the Availability of Sharī`ah-compliant HQLA

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 11: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management Components of Total Net Cash Outflows Formula for Calculating NSFR Available Stable Funding Required Stable Funding Case Study

13:00 – 14:00
Lunch and Prayer

14:00 – 16:00
Session 12: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management The Internal Liquidity Adequacy Assessment and Supervisory Liquidity Review Processes Principles for Applying Alternative Liquidity Approaches Disclosure Requirements for LCR and NSFR Case Study

16:00 – 16:15
Coffee Break

Day 5
20/11/2015
IFSB-10: GUIDING PRINCIPLES ON SHARī`AH GOVERNANCE SYSTEM AND SPECIAL SESSION ON THE GLOBAL DEVELOPMENT

09:30 – 10:30
Session 13: IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS Sharī`ah Non Compliance Risk Sharī`ah Governance System Components of Sharī`ah Governance Case Study

10:30 – 10:45
Coffee Break

10:45 – 12:00
Session 14: Special Session on Recent Developments in Supervisory Review Process Framework and Liquidity Risk Management at the Global Level

12:00 – 12:15
Closing & Certificate Giving Ceremony

12:15 – 14:30
Lunch and Prayer

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Hotel – Hilton Kuala Lumpur – Rates

3.)

Hotel – JW Marriott Kuala Lumpur – Rates and Reservation Form

4.)

Hotel – Lanai Kijang – Rates and Reservation Form

5.)

Hotel Majestic Kuala Lumpur – Rates and Reservation Form

IFSB - IMF Seminar on Islamic Finance
2015-11-10 - 2015-11-12 | IMF Headquarters, Washington D.C., United States
This Seminar on Islamic Finance is coorganised by the IFSB and the International Monetary Fund (IMF).

Participation in this Seminar is by Invitation only.

For queries, please contact the IFSB Secretariat: Ms Yazmin Aziz at yazmin@ifsb.org.

IFSB-ISRA Shariah Roundtable: Financial Safety Nets: Striking a Balance between Shariah Requirements and the Soundness of the Islamic Financial System
2015-11-05 08:00 - 17:30 | Forum, Level 1, Sasana Kijang, kUALA LUMPUR, Malaysia
The Shariah Roundtable is jointly organised by the IFSB and International Shariah Research Academy for Islamic Finance (ISRA). The theme will be Financial Safety Nets: Striking a Balance between Shariah Requirements and the Soundness of the Islamic Financial System.

The Roundtable will be held in Arabic languange with simultaneous translation.

The Roundtable is by INVITATION only. For queries, please contact the IFSB Secretariat, Mrs. Ida Shafinaz Ab. Malek at ida.shafinaz@ifsb.org

Event Snapshots

The IFSB and International Sharī`ah Research Academy for Islamic Finance (ISRA) jointly organised the IFSB-ISRA Sharī`ah Roundtable on 5 November 2015 in Kuala Lumpur, Malaysia.

Themed “Financial Safety Nets: Striking a Balance between Sharī`ah Requirements and the Soundness of the Islamic Financial System”, the Roundtable aimed to provide an avenue for intellectual discourse between the Sharī`ah scholars and other stakeholders of the industry on devising solutions for various components of financial safety net that are both practical and Sharī`ah-compliant.

The Roundtable began with opening speeches by Mr. Jaseem Ahmed, Secretary-General, IFSB and Prof. Dr. Mohamad Akram Laldin, Executive Director, ISRA, followed by a presentation on An Overview of the IFSB by Dr. Sherif Ayoub, Assistant Secretary-General, IFSB.

To set the tone for the Roundtable discussions, the IFSB presented two working papers on, i) Strengthening the Financial Safety Net: The Role of Sharī`ah-compliant Lender-of Last-Resort (SLOLR) Facilities as an Emergency Financing Mechanism and ii) Strengthening the Financial Safety Net: The Role and Mechanisms of Sharī`ah-compliant Deposit Insurance Schemes which corresponded to the two topics discussed. The presentations were delivered by Mr. Jamshaid Anwar Chattha, Chief Financial Analyst, Central Bank of Kuwait and Mr. Syed Faiq Najeeb, Member of the Secretariat, IFSB, respectively.

The Roundtable saw participations from Sharī`ah scholars as session chairs and speakers as well as participants. Among the Sharī`ah scholars who participated in the Roundtable were Sheikh Dr. Ali Muhyi Aldin Ali Al Quradaghi, Sheikh Prof. Dr. Mohamed Ali Elgari, Sheikh Dr. Nizam Yaquby and Sheikh Dr. Oni Sahrani.

Eleven chairpersons, speakers and discussants from among senior financial sector supervisors and Sharī`ah scholars discussed the following issues at the Roundtable:-

Lender of Last Resort Facilities – Structuring Sharī`ah-Compliant Instruments and Mechanisms
Sharī`ah-compliant Structures for a Deposit Insurance Scheme

Over 90 delegates among the IFSB member and non-member organisations – representatives from regulatory bodies, market players, international agencies as well as academia and students attended the Roundtable.

The papers presented at the Roundtable and ensuing discussions are planned to be published in a joint IFSB-ISRA publication in 2016.

Programme – Event Session(s)

Date
Time
Topics

Day 1
05/11/2015
08:00 – 09:00
Registration

09:00 – 09:15
Opening Addresses

09:15 – 09:30
Overview of the IFSB

09:30 – 09:45
Presentation on Strengthening the Financial Safety Net: The Role of Shari`ah-compliant Lender-of Last-Resort (SLOLR) Facilities as an Emergency Financing Mechanism

09:45 – 12:40
Session 1 – Lender of Last Resort Facilities – Structuring Sharī`ah-Compliant Instruments and Mechanisms This session will discuss the Sharī`ah-compliant instruments and mechanisms of the lender of last resort facilities that can allow the supervisory authorities to provide liquidity support to institutions offering Islamic financial services (IIFS) in normal and stressed times. The Session will also review the current Sharī`ah-compliant lender of last resort instruments that are being implemented in various jurisdictions, and discuss alternative mechanisms that can be introduced to increase the options available to the IIFS.

12:40 – 14:00
Lunch and Prayers

14:00 – 14:15
Presentation on Strengthening the Financial Safety Net: The Role and Mechanisms of Shari’ah-Compliant Deposit Insurance Schemes (SCDIS)

14:15 – 16:40
Session 2 – Sharī`ah-Compliant Structures for a Deposit Insurance Scheme This session will examine the concept of deposit insurance and its relevance to the objective of protecting the fund providers of IIFS. The speakers will investigate the current and potential structures for devising a Sharī`ah-compliant deposit insurance scheme and relevant issues from legal and Sharī`ah perspectives.

16:40 – 17:00
Coffee break

17:00 – 17:30
Chairmen’s Summary

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

IFSB-ISRA Shariah Roundtable

IFSB-FIS Workshop on IFSB Standards for Regulatory and Supervisory Authorities for the Islamic Capital Market and Takaful Sectors
2015-10-19 09:00 - 2015-10-21 16:15 | Conference Hall 1.1 and 1.2, Sasana Kijang, Bank Negara Malaysia, KUALA LUMPUR, Malaysia
This Workshop is open to regulatory and supervisory authorities for the Islamic Capital Market and Takaful sectors. 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.

More information will be uploaded in due course.

Participation in this Workshop is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at hamizi@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
19/10/2015
09:00 – 09:30
Morning Coffee & Registration

09:30 – 09:45
Opening & Welcoming Address

09:45 – 11:15
ICM 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
Takāful 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
ICM 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
Takāful Session 2: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings Specificities of Solvency Requirements for Takāful Valuation of Assets and Liabilities Total Balance Sheet Approach

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
ICM 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
Takāful Session 3: 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

16:00 – 16:15
Coffee Break

Day 2
20/10/2015
09:30 – 11:00
ICM 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
Takāful Session 4: 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

11:00 – 11:30
Coffee Break

11:30 – 13:00
ICM 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
Takāful Session 5: 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

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
ICM Session 6: Strategies and Policies for Developing a Vibrant ICM: Sharing of Country Experiences

14:00 – 16:00
Takāful Session 6: Strategies and Policies for Developing a Robust Takāful Industry: Sharing of Country Experiences

16:00 – 16:15
Coffee Break

Day 3
21/10/2015
09:30 – 11:00
Session 7: IFSB-10: Sharī`ah Governance System An overview of IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS General Governance Approach to Sharī`ah Governance System Requirements on the Competence of Personnel Undertaking the Sharī`ah Governance System

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 8: IFSB-10: Sharī`ah Governance System Recommendations of IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS Criteria for Sound Sharī`ah Governance System Rights of Investment Account Holders (IAH) Case Studies

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 9: IFSB-10: Sharī`ah Governance System Operating Procedures of the Sharī`ah Board Basic Professional Ethics and Conduct for Members of the Sharī`ah Board 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

2.)

Hotel – Hilton Kuala Lumpur – Rates

3.)

Hotel – JW Marriott Kuala Lumpur – Rates and Reservation Form

4.)

Hotel – Lanai Kijang – Rates

5.)

Hotel Majestic Kuala Lumpur – Rates and Reservation Form

IFSB-BIBF Islamic Finance Executive Programme: Towards a Vibrant Islamic Capital Market: Opportunities and Challenges
2015-10-05 08:30 - 2015-10-06 17:30 | Grand Ambassador Suite III, The Diplomat Radisson Blu Hotel, MANAMA, Bahrain
The recent decade has witnessed the accelerated development of the Islamic capital market industry, particularly of the global Sukūk market which is providing a unique platform for fostering greater international economic and financial linkages. The 2nd edition IFSB-BIBF Islamic Finance Executive Programme with the theme “Towards a Vibrant Islamic Capital Market: Opportunities and Challenges” will focus on key areas that are expected to be catalysts in driving the Islamic capital market into the next phase of growth and development from the perspectives of the market practitioners, regulators and academia.
This Islamic Finance Executive Programme aims to promote an informed analysis and understanding of Islamic capital markets through discussions of topical and contemporary issues as well as of prospects and challenges relating to Islamic capital market products and services. The sessions will include analysis and deliberations on current trends and developments of Islamic capital markets as well as a focus on key innovations in Sukūk structures such as perpetual Sukūk, and prospects for cross-border Sukūk.
Participants will be exposed to issues related to the development of new markets, Islamic Collective Investment Schemes (ICIS), Sharī`ah-compliant hedging, as well as the role of the regulatory and supervisory authorities in ensuring market integrity, transparency and protection of investors.
To date, the following speakers are confirmed to speak at the Islamic Finance Executive Programme:

Mr. Farid Abderrezak, Vice President Structurer, BNP Paribas, Bahrain
Mr. Hani Almandeel, Director, Marketing & Business Development, Bahrain Bourse
Mr. Ijlal A. Alvi, CEO, International Islamic Financial Market, Bahrain
Mr. Andri Aidham Badri, Partner, Kadir Andri & Partners, Malaysia
Dr. Mohammed Burhan Arbouna, Executive Vice President, Head of Shari`ah Compliance, Al Salam Bank, Bahrain
Mr. Bernard Barbour, Head of Legal, Compliance & Sharia’a Affairs, QInvest, Qatar
Mr. Lilian Le Falher, Executive Manager, Treasury, FI’s & Capital Markets, KFH Bahrain
Mr. Badlisyah Abdul Ghani, President, Chartered Institute of Islamic Finance Professional (CIIF), Former CEO, CIMB Islamic, Malaysia
Mr. Hani Redha, Former Head of the Centre for Islamic Finance, BIBF, Bahrain

For more information on this Islamic Finance Executive Programme, please email Mr. Hamizi Hamzah at hamizi@ifsb.org
Programme – Event Session(s)

Date
Time
Topics

Day 1
05/10/2015
08:30 – 09:30
Welcome Coffee and Registration

09:30 – 09:45
Welcoming Remarks

09:45 – 11:00
Session 1: Development of the Islamic Capital Market (ICM): Progress and Trends Overview of the Current Trends in the ICM Enhancing the Development of the ICM Infrastructure Recognising the Potential of the ICM

11:00 – 11:30
Group Photo and Coffee Break

11:30 – 13:00
Session 2: Innovative Sukūk Structures: A New Path for the Growth of ICM Perpetual Sukūk: A Modern Initiative for Equity-based Capital Prospects for Cross-border Sukūk Sukūk Advancements Proposed in the IFSB-15

13:00 – 14:00
Lunch and Prayers

14:00 – 15:30
Session 3: Sharī`ah-compliant Hedging Instruments: Addressing the Market Risk Management Needs of the Industry Hedging as a Risk Management Technique in the Islamic Financial Services Industry Sharī`ah -compliant Hedging Strategies and Tools Regulatory Views on Sharī`ah -compliant Hedging

15:30 – 16:00
Coffee Break

16:00 – 17:30
Session 4: Islamic Real Estate Investment Trusts (I-REITs): An Emerging Asset Class for Wealth Management Analysing the Performance of I-REITs : Lessons learnt Examining the Outlook for I-REITs in Key Regions The Need for an Adequate Regulatory Framework for I-REITs

Day 2
06/10/2015
08:30 – 09:30
Welcome Coffee and Registration

09:30 – 11:00
Session 5: Islamic Collective Investment Schemes (ICIS): Promoting Strong Foundations Opportunities in ICIS: New Markets and Forecasts Current Challenges in the Development of ICIS Strengthening the Regulatory Framework for ICIS

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 6: The Role of Human Capital Development in ICM Evolution

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 7: Panel Discussion on Building a Vibrant Islamic Capital Market: Key Issues and Challenges Examining the Resilience of the Current ICM Infrastructures Enhancing the Current Legal Framework for the ICM Strengthening the Sharī`ah Framework of ICM

16:00 – 16:15
Closing & Certificate Giving Ceremony

16:15 – 16:45
Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Brochure – 2nd IFSB-BIBF Islamic Finance Executive Programme

3.)

Registration Form

IFSB-FIS Workshop Series (Djibouti)
2015-08-17 09:00 - 2015-08-20 16:15 | –, Bali, Indonesia
This 4-day Workshop is tailored for the regulatory and supervisory authorities for the banking sector, and will discuss on the following IFSB Standards:

Introduction to Islamic Finance and Islamic Banking Operations
IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS)
GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio (CAR) for IIFS
IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS
IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS

Overall, this Workshop 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 the 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 the participants on the implementation of respective IFSB Standards and Guiding Principles.

This Workshop is hosted by Banque Centrale de Djibouti and participation in this Workshop is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at hamizi@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
17/08/2015
09:00 – 09:30
Registration

09:30 – 09:45
Opening Session by the IFSB, and the BCD Representatives

09:45 – 11:15
Session 1: Introduction to Islamic Finance Concept of Islamic Finance Contracts in Islamic Finance Structures of Islamic Banking Products

11:15 – 11:30
Group Photo and Coffee Break

11:30 – 13:00
Session 2: IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) Need for Capital Regulation Treatment of PSIA and Assets Financed by PSIA Displaced Commercial Risk Capital Ratio Formula: Standard and Supervisory Discretion

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 3: IFSB-2: Capital Adequacy Standard Credit Risk Based on External Credit Assessments (ECA) Exposures in Investments Made Under Profit Sharing Modes Preferential Risk Weights and Past Due Receivables Case Study

16:00 – 16:15
Coffee Break

Day 2
18/08/2015
09:30 – 11:00
Session 4: IFSB-2: Capital Adequacy Standard Measurement of Capital Adequacy Requirements for Market Risk Market Risk Weight Conversion Factor Capital Requirements for Islamic Financing Contracts Case Study

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 5: IFSB-2: Capital Adequacy Standard Measurement of Capital Adequacy Requirements for Operational Risk Sharī`ah non-Compliance Risk Calculation of Capital Requirements for Operational Risk Case Study

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 6: GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for IIFS Background of the Guidance Note Understanding Management of Profit-Sharing Investment Account (PSIA) Understanding the Concept of Alpha and Displaced Commercial Risk (DCR) Measurement of Risk Sharing in PSIA

16:00 – 16:15
Coffee Break

Day 3
19/08/2015
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 IIFS The Determination of Alpha and DCR Role of Supervisory Authority in Determination of Alpha and DCR An Algebraic Approach for Measuring DCR and Alpha Case Study

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 8: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Supervisory Preconditions, Criteria and Approaches for Effective Supervision of IIFS Key Elements in the Supervisory Review Process of IIFS Treatment of Investment Account Holders (IAH) and Displaced Commercial Risk

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 9: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Internal Capital Adequacy Assessment Process Islamic Windows Operations Assessment of Additional Issues Supervisory Transparency and Accountability

16:00 – 16:15
Coffee Break

Day 4
20/08/2015
09:30 – 11:00
Session 10: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process Governance and Risk Management Transparency and Market Discipline Consolidated and Home-host Supervision Case Study

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 11: IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS General Governance Approach to Sharī`ah Governance System Requirements on the Competence of Personnel Undertaking the Sharī`ah Governance System Independent Exercise of the Sharī`ah Board Members on Sharī`ah-related Matters

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 12: IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS Confidentiality of Sharī`ah Board Members on Internal Information Consistency of Opinions Across Different Institutions by Sharī`ah Board Members Case Study

16:00 – 16:15
Closing & Certificate Giving Ceremony

16:15 – 16:30
Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

7th IFSB-INCEIF Executive Forum - Building Momentum for Islamic Liquidity Management
2015-06-03 08:30 - 2015-06-04 17:30 | Training Rooms 3.3 & 3.4, Sasana Kijang, Bank Negara Malaysia, KUALA LUMPUR, Malaysia
The recent Global Financial Crisis (GFC) stresses the importance of liquidity management in international financial markets during both stress and normal conditions. A robust and stable liquidity management framework would be one of the key dynamics in shaping the future growth of the Islamic finance industry, especially on how such framework addresses the current outstanding issues related to liquidity management, at both the practical and regulatory levels. The IFSB-INCEIF Executive Forum, in its 7th edition, addresses this important issue with the theme “Building Momentum for Islamic Liquidity Management”. The Executive Forum aims to provide new insights on the interactions between internal liquidity and external funds (e.g. profit-sharing investment accounts, Sukūk, etc.) as well as show how these interactions affect both the way an IIFS contemplates its financial decisions, and how regulators formulate appropriate liquidity risk management policies.
This Executive Forum aims to bring together global leaders from among the market players, regulators as well as the academic domain to discuss a wide spectrum of liquidity management issues. The speakers will provide their expertise — through panel sessions, discussion groups, and practical case studies — on the ongoing opportunities and challenges in the existing infrastructure for managing liquidity risks in Islamic finance. The Executive Forum will also include deliberations on the new developments in the regulatory landscape, with a special focus on the emerging liquidity risk management requirements, such as the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR), in addition to how these requirements can encompass Islamic finance specificities. Furthermore, the participants will also be exposed to the liquidity risk management infrastructure in Islamic finance, especially to Sharī`ah-complaint High Quality Liquid Assets (HQLA), Sharī`ah-compliant Deposit Insurance and Lender of Last Resort (LOLR). A key feature of the Executive Forum is a Panel Discussion where participants have the opportunity to share information and experiences from both supervisors and market players on the challenges and strategies for developing an effective Islamic liquidity management framework.
For more information on the Executive Forum, please email Mr. Hamizi Hamzah at hamizi@ifsb.org
Programme – Event Session(s)

Date
Time
Topics

Day 1
03/06/2015
08:30 – 09:30
Morning Coffee and Registration

09:30 – 09:45
Opening and Welcoming Remarks

09:45 – 11:00
Session 1: The Role of an International Liquidity Architecture in a Global Financial Crisis The Importance of Managing Liquidity in a Global Financial Crisis Causes of Liquidity Stress During a Global Financial Crisis Opportunities and Challenges in the Existing Liquidity Risk Management Framework

11:00 – 11:30
Group Photo and Coffee Break

11:30 – 13:00
Session 2: Liquidity Risk Management Infrastructure: The Regulators Role Regulatory Responsibilities in Developing An Appropriate Liquidity Risk Framework Regulatory Roles in Providing Liquidity During Market Stress Contingency Planning and the Development of Liquidity Infrastructure

13:00 – 14:00
Lunch and Prayer

14:00 – 15:30
Session 3: Global Liquidity Risk Management Requirements: Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) and their Compatibility with Institutions offerings Islamic Financial Services (IIFS) Recent Global Regulatory Developments in Liquidity Risk Management Incorporating Global Standards into National Regulations Assessing the Capacity of IIFS to Adapt New Liquidity Risk Management Requirements

15:30 – 16:00
Coffee Break

16:00 – 17:30
Session 4: Ensuring a Robust Liquidity Management Framework: Key Issues Sharī`ah-complaint High Quality Liquid Assets (HQLA) and Secondary Market Facilities Sharī`ah-compliant Safety Nets Sharī`ah-compliant Lender of Last Resort (SLOLR)

Day 2
04/06/2015
08:30 – 09:30
Morning Coffee

09:30 – 11:00
Session 5: Resilience of the Current Liquidity Management Instruments in the IFSI Commodity Murābahah Transaction (CMT): Practical and Sharī`ah issues Short-term Liquidity Sukūk: Theoretical Aspects and Practical Concerns Islamic Inter-Bank Money Market: Identifying Current Issues and Future Challenges

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 6: Liquidity Risk Management Mechanisms: Monitoring, Supervising and Stress Testing Macro Stress Tests: Macro Prudential Toolkit Current Practices and Emerging Trends in Liquidity Risk Supervision Bottom-up Liquidity Stress Tests and Weaknesses in Wholesale Funding among IIFS

13:00 – 14:00
Lunch and Prayer

14:00 – 16:00
Session 7: Panel Discussion on Developing a Global Islamic Liquidity Management Framework: A Practical Approach The Case of IILM: Sukūk Structure and Issuance, and Challenges Ahead Practical Issues: Sharī`ah-complaint HQLA, treatment of PSIA and Sharī`ah-compliant repo mechanisms Monitoring Tools and Challenges for Efficient Cross-border Liquidity Risk Management

16:00 – 16:30
Closing & Certificate Giving Ceremony

16:30 – 17:00
Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Brochure – 7th IFSB-INCEIF Executive Forum

3.)

Hilton Kuala Lumpur – Rates

4.)

Hotel Majestic Kuala Lumpur – Rates and Reservation Form

5.)

JW Marriott Kuala Lumpur – Rates and Reservation Form

IFSB-FIS Workshop Series (Turkey)
2015-05-25 09:30 - 2015-05-26 17:15 | CBRT İstanbul School of Central Banking, Istanbul, Turkey
This Workshop is hosted by the Central Bank of the Republic of Turkey, the Capital Markets Board of Turkey and Banking Regulation and Supervision Agency of Turkey.
This 2-day Workshop is tailored for the regulatory and supervisory authorities as well as market players within the Islamic banking and Islamic capital market sectors. It will focus on the following Standards:

IFSB-12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services (IIFS);
GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management in IIFS;
IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes (ICIS); and
IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS.

Participation in this Workshop is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at hamizi@ifsb.org.
Programme – Event Session(s)

Date
Time
Topics

Day 1
25/05/2015
09:30 – 09:45
Opening Session by the IFSB and TCMB Representatives

09:45 – 11:15
Session 1: IFSB-12: Guiding Principles on Liquidity Risk Management for Institutions offering only Islamic Financial Services (IIFS) Funding and Market Liquidity Risk Necessary Conditions for an Effective Liquidity Risk Management in IFSI Identification of Liquidity Risk Interactions of Liquidity Risk and Implications of Islamic Financing Contracts

11:15 – 11:30
Group Photo and Coffee Break

11:30 – 13:00
Session 2: IFSB-12: Guiding Principles on Liquidity Risk Management for IIFS Diversification of the Funding Base Consolidated Management of Liquidity Risk Maintaining High-Quality Liquidity Buffer Preparing a Contingency Funding Plan

13:00 – 14:00
Lunch and Prayers

14:00 – 15:30
Session 3: IFSB-12: Guiding Principles on Liquidity Risk Management for IIFS Managing Sharī`ah-Compliant Collateral Collaboration between IIFS Meeting Payment and Settlement System Obligations Reporting and Disclosure of Liquidity Risk

15:30 – 15:45
Coffee Break

15:45 – 17:15
Session 4: GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management in IIFS Application of the LCR in IIFS Application of the NSFR in IIFS Role of Supervisory Authorities Case Studies

Day 2
26/05/2015
09:30 – 11:00
Session 5: IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes (ICIS) Scope of ICIS Governance General Governance Approaches of ICIS Transparency and Disclosure

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 6: IFSB-6: Guiding Principles on Governance for ICIS Compliance with Sharī’ah Rules and Principles Additional Protection for ICIS Investors Case Studies

13:00 – 14:00
Lunch and Prayers

14:00 – 15:30
Session 7: IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS General Governance Approach to Sharī`ah Governance System Requirements on the Competence of Personnel Undertaking the Sharī`ah Governance System Independent Exercise of the Sharī`ah Board Members on Sharī`ah-related Matters

15:30 – 15:45
Coffee Break

15:45 – 17:15
Session 8: IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS Confidentiality of Sharī`ah Board Members on Internal Information Consistency of Opinions Across Different Institutions by Sharī`ah Board Members Case Studies

17:15 – 17:30
Closing & Certificate Giving Ceremony

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

12th Islamic Financial Services Board Summit - Core Principles for Islamic Finance: Integrating with the Global Regulatory Framework
2015-05-20 09:00 - 2015-05-21 22:00 | The Rixos Almaty Hotel, ALMATY, Kazakhstan
The Summit started with a Keynote Address (via live video) by The Right Honourable Karim Massimov, the Prime Minister of the Republic of Kazakhstan at the Opening Session of the 12th IFSB Summit.

The host, H.E. Kairat Kelimbetov, Governor of the National Bank of Kazakhstan has gracefully launched the Islamic Financial Services Industry Stability Report 2015.

21 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:

• Global Overview of the Islamic Financial Services Industry (IFSI): Trends and Policy Developments
• New Regulatory Developments and the Impact on the Islamic Financial Services Industry
• Role of the Core Principles for Islamic Finance in Enhancing Regulatory Consistency and Resilience of the Industry
• Enabling Framework for the Assessment of Regulatory and Supervisory Regimes, and
• Panel Discussion on “The New Silk Road: The Importance of Regulatory Cooperation for Cross-Border Integration”

The Gala Dinner Keynote was delivered by Dr. Hamed Hassan Merah, the Secretary-General of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) on the evening of 20 May 2015.

The 12th IFSB Summit was attended by more than 118 delegates from 25 countries comprising of senior officials from supervisory and regulatory bodies as well as representatives from international institutions, market players, accreditation, law firms, IT providers, insurance and Takāful, academia as well as other stakeholders of the Islamic financial services industry.

Event Snapshots

Programme – Event Session(s)

Date
Time
Topics

Day 1
18/05/2015
09:30 – 17:30
Focus Group Meeting on the Strategic Performance Plan 2016 – 2018 (For IFSB Members Only)

Day 2
19/05/2015
PRE-SUMMIT EVENTS

09:00 – 10:00
Pre-Summit Event-1 : Meet the Members and Industry Engagement Session

10:00 – 11:00
Pre-Summit Event-2 : Industry Development Session by The World Bank (Free of Charge)

11:00 – 11:30
Coffee and Networking Break

11:30 – 13:00
Pre-Summit Event-3 : INCIEF – MIFC Business Forum (Free of Charge)

13:00 – 14:00
Lunch

14:00 – 16:00
Pre-Summit Event-4 : IFSB-IRTI Session on Mid-Term Review of the IFSI Development: Ten-Year Framework and Strategies (Free of Charge) 14:00 – 14:15 Registration 14:15 – 14:25 Opening and Welcoming Address 14:25 – 16:00 Presentation and Discussion on Fostering Integration of the IFSI: Progress of Initiatives and Challenges Faced by the Islamic Finance Jurisdictions

16:00 – 17:30
Pre-Summit Event-5 : Kazakhstan Country Showcase (Free of Charge)

17:30 – 18:00
Coffee and Networking Break

20:00 – 22:00
12th IFSB Summit Welcome Dinner (Hosted by the National Bank of Kazakhstan) For Summit Registered Participants Only

Day 3
20/05/2015
12TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT – DAY 1

12TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT – GALA DINNER

08:30 – 09:30
Registration

09:30 – 10:30
Opening & Keynote Session

10:30 – 11:00
Coffee and Networking Break

11:00 – 12:30
Session 1 : Global Overview of the Islamic Financial Services Industry (IFSI): Trends and Policy Developments This session aims to analyse the current level of development of the legal and regulatory frameworks in Islamic finance, with a focus on the performance and potential growth of the industry.

12:30 – 14:00
Lunch

14:00 – 15:30
Session 2 : New Regulatory Developments and the Impact on the Islamic Financial Services Industry The session aims to highlight the new regulatory developments in the global financial system that seek to promote financial stability, as well as the impact of these developments on and the challenges for regulatory and supervisory authorities and institutions offering Islamic financial services in implementing them.

15:30 – 16:00
Coffee and Networking Break

16:00 – 17:30
Session 3 : Role of the Core Principles for Islamic Finance in Enhancing Regulatory Consistency and Resilience of the Industry This session aims to explore measures to bring the IFSI to its next level of development by enhancing consistency in supervision and implementation of global standards across borders. This stresses the need for having a minimum international standard on sound regulatory and supervisory practices for the effective supervision of the IIFS, which would help enhance the resilience as well as protect the consumers and other stakeholders of the industry.

19:00 – 22:00
12th IFSB Summit – Gala Dinner 19:00 Welcome Reception 20:00 Gala Dinner

Day 4
21/05/2015
12TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT – DAY 2

09:30 – 11:00
Session 4 : Enabling Framework for the Assessment of Regulatory and Supervisory Regimes This session focuses on the need to have an enabling framework that meets the pre-conditions of sound regulation and supervision in order to facilitate the development of a surveillance infrastructure for Islamic finance.

11:00 – 11:30
Coffee and Networking Break

11:30 – 13:00
Session 5 : Panel Discussion on “The New Silk Road: The Importance of Regulatory Cooperation for Cross-Border Integration” This session aims to explore the opportunities offered by the new Silk Road and emerging Islamic finance jurisdictions in Asia and Europe as well as the importance of regulatory cooperation to grow and develop the IFSI in a manner that encourages cross-border integration moving forward.

13:00 – 14:00
Lunch

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

The Intercontinental Hotel : Hotel Reservation Form

3.)

The Ritz Carlton Hotel : Hotel Reservation Form

4.)

The Rixos Almaty Hotel : Hotel Reservation Form

5.)

Visa Information Form to Almaty

12th IFSB Summit
2015-05-19 - 2015-05-21 | Rixos Almaty Hotel, Seyfullin Avenue 506/99, Almaty, Kazakhstan
The 12th IFSB Summit was held on 19 – 21 May 2015 at the Rixos Almaty Hotel, hosted by the National Bank of Kazakhstan
12th IFSB Summit Opening Video

Speeches

Keynote Speech: Secretary-General of the AAOIFI at the 12th IFSB Summit Gala Dinner, Almaty, Kazakhstan
Opening Remarks: Secretary-General of the IFSB at the 12th IFSB Summit, Almaty, Kazakhstan

12th Summit Photo Album

Press Release of the 12th Summit
25 May 2015
12th IFSB Summit Discusses the Core Principles for Islamic Finance Regulation, and Reiterates Importance of Regulatory Cooperation for Cross-Border Integration
21 May 2015
The Prime Minister of Kazakhstan Officiates the 12th Islamic Financial Services Board Summit
20 May 2015
IFSB-IRTI Annual Session on Mid-Term Review of the Islamic Financial Services Industry (IFSI) Development: Ten-Year Framework and Strategies Takes Place in Kazakhstan
20 May 2015
The IFSB Launches Its Third Edition of the Islamic Financial Services Industry Stability Report 2015 in Kazakhstan
19 May 2015
The IFSB and INCEIF Renew MoU for Collaboration on Capacity Building and Awareness Promotion for the Global Islamic Financial Services Industry
15 May 2015
IFSB-INCEIF Executive Forum for Islamic Finance to Discuss Islamic Liquidity Management
14 May 2015
Upcoming 12th IFSB Annual Summit Buoyed by Encouraging New Developments in Global Islamic Finance
15 April 2015
Upcoming 12th IFSB Summit Gathers Momentum as Council Approves Adoption of Core Principles for Islamic Finance Regulation
5 January 2015 (Also available in Arabic)
The 12th IFSB Summit to Be Held in Almaty, Kazakhstan

IFSB Documents released during the 12th Summit

Islamic Financial Services Industry Stability Report 2015
Islamic Finance for Asia: Development, Prospects, and Inclusive Growth
11th IFSB Summit Proceedings
WP-02: Evaluation of Core Principles Relevant to Islamic Finance Regulation

12th 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: yazmin@ifsb.org.
IFSB member organisation can access the presentation using their organisation access. Please refer to your organisation’s contact person, or email ifran@ifsb.org.

IFSB-FIS Workshop Series (Indonesia)
2015-05-06 - 2015-05-08 | Otoritas Jasa Keuangan, JAKARTA
This 3-day Workshop is tailored for the regulatory and supervisory authorities within the banking, capital market and Takāful sectors and will cover topics on Introduction to Islamic Finance and Takāful as well as the following IFSB Standards:

IFSB-15: Revised Capital Adequacy Standard for IIFS
IFSB-14: Standard on Risk Management for Takāful Undertakings
IFSB-12: Guiding Principles on Liquidity Risk Management for IIFS
IFSB-11: Standard on Solvency Requirements for Takāful Undertakings
IFSB-8: Guiding Principles on Governance for Takāful Undertakings
IFSB-6: Guiding Principles on Governance for IIFS

Participation in this Workshop is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at hamizi@ifsb.org.

ADB-IFSB Panel Session: How Islamic Finance Can Contribute to Sustainable Growth in Asia
2015-05-04 12:30 - 14:00 | HAC Building 2, Room B3, Heydar Aliyev Center, baku, Azerbaijan
The Asian Development Bank (ADB) and the IFSB organised a Panel Session with the theme “How Islamic Finance Can Contribute to Sustainable Growth in Asia” on 4 May 2015, in conjunction with the ADB Annual Meetings 2015 in Baku, Azerbaijan.

The Panel Discussion is a continuation of the joint work of the two organisations in increasing the awareness of the role, potentials and opportunities offered by Islamic finance in Asia, especially for the common ADB and IFSB member countries. The Panel Discussion aimed to explore the potential role of Islamic finance in strengthening good governance, infrastructure financing and balancing public debt management. Five distinguished panelists and moderator were invited to speak at the Panel Discussion, to share their knowledge as well as best practices in the Islamic financial services industry at the global level, with a specific reference to Asia Pacific region.

The ADB-IFSB joint-publication – Islamic Finance for Asia: Development, Prospects and Inclusive Growth, a resource for better understanding the Islamic financial services industry in Asia – was launched at the Panel Discussion.

Programme – Event Session(s)

Date
Time
Topics

Day 1
04/05/2015
12:30 – 12:45
Arrival of Participants

12:45 – 13:30
Panel Session : How Islamic Finance Can Contribute to Sustainable Growth in Asia

13:30 – 13:45
Question & Answer

13:50 – 14:00
Launching of the IFSB-ADB Joint Publication Islamic Finance for Asia: Development, Prospects, and Inclusive Growth

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

Focus Group Meeting on the Strategic Performance Plan 2016 - 2018
2015-04-19 | Central Bank of the UAE, 7th Floor, Board of Directors Building King Abdullah Bin Abduaziz Al Saud Street, Al Batheen, ABU DHABI., Abu Dhabi, United Arab Emirates
As part of the formulation of the SPP 2016-2018, the IFSB organises its second Focus Group Meetings in Abu Dhabi comprising IFSB members amongst the Regulatory and Supervisory Authorities (including Multi-lateral institutions) and Industry Participants.

The objective of this Focus Group Meetings is to get a better understanding of the views of key stakeholders from the Middle East & Africa regions on emerging challenges facing the Islamic financial services industry, as well as perceptions about the IFSB and its role in promoting the resilience and stability of the global industry.

For participation and further details, please communicate through email to Mr. Hamizi Hamzah at hamizi@ifsb.org

IFSB-FIS Workshop Series (Tajikistan)
2015-04-07 08:30 - 2015-04-10 16:15 | –, Bali, Indonesia
This Workshop is hosted by the National Bank of Tajikistan.

This 4-day Workshop is tailored for the regulatory and supervisory authorities for the banking sector, and will discuss on overview of Islamic finance and cover the following IFSB Standards:

Introduction to Islamic Finance and Islamic Banking Operations
IFSB-1 :Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS)
IFSB-10 :Guiding Principles on Sharī`ah Governance Systems for IIFS.
IFSB-15 :Revised Capital Adequacy Standard for IIFS.
IFSB-16 :Revised Guidance on Key Elements In The Supervisory Review Process of IIFS.

Participation in this Workshop is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at hamizi@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
07/04/2015
08:30 – 09:00
Registration

09:00 – 09:15
Opening Session by the IFSB, and the NBT Representatives

09:15 – 10:45
Session 1: Introduction to the IFSB and Islamic Finance Introduction to the IFSB Introduction to Islamic Finance Concept of Islamic Finance Contracts in Islamic Finance Structures of Islamic Banking Products Prudential Issues in IIFS

10:45 – 11:30
Group Photo and Coffee Break

11:30 – 13:00
Session 2: IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering Islamic Financial Services (IIFS) Understanding of Risks in IIFS General Requirements for Risk Management Process in IIFS Focus on Credit Risk Focus on Equity Investment Risk

13:00 – 14:30
Lunch and Prayers

14:30 – 16:00
Session 3: IFSB-1: Guiding Principles of Risk Management for IIFS Focus on Operational Risk Focus on Market Risk Focus on Liquidity Risk

16:00 – 16:15
Coffee Break

Day 2
08/04/2015
09:00 – 10:30
Session 4: IFSB-1: Guiding Principles of Risk Management for IIFS Focus on Rate of Return Risk Rate of Return Risk: Role of Supervisory Authority Case Studies

10:30 – 13:00
Coffee Break

11:00 – 12:30
Session 5: IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS Sharī`ah Non Compliance Risk Sharī`ah Governance System Components of Sharī`ah Governance

12:30 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 6: IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS (Cont’d) Sharī`ah Non Compliance Risk Sharī`ah Governance System Components of Sharī`ah Governance Case Study

16:00 – 16:15
Coffee Break

Day 3
09/04/2015
09:00 – 10:30
Session 7: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Supervisory Preconditions, Criteria and Approaches for Effective Supervision of IIFS Key Elements in the Supervisory Review Process of IIFS Treatment of Investment Account Holders (IAH) and Displaced Commercial Risk

10:30 – 11:00
Coffee Break

11:00 – 12:30
Session 8: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS (Cont’d) Internal Capital Adequacy Assessment Process Islamic Windows Operations Assessment of Additional Issues to be Addressed Under SRP for IIFS Sound Stress Testing Practices Supervisory Transparency and Accountability

12:30 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 9: IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS Governance and Risk Management Related Party Transactions Transparency and Market Discipline Consolidated and Home-host Supervision Case Study

16:00 – 16:15
Coffee Break

Day 4
10/04/2015
08:30 – 10:00
Session 10: IFSB-15: Revised Capital Adequacy Standard for IIFS Components of Capital Capital Conservation Buffer Countercyclical Buffer Case Study on Components of Capital for IIFS

10:00 – 10:30
Coffee Break

10:30 – 12:00
Session 11: IFSB-15: Revised Capital Adequacy Standard for IIFS Credit Risk Weights for Various Counterparties Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Past Due Receivables & Other Assets Credit Risk Mitigation Recognition of Ratings by External Credit Assessment Institution(ECAI)

12:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 12: IFSB-15: Revised Capital Adequacy Standard for IIFSS Policies and Procedures for Market risk Guidance on Valuation Practices Calculation of Capital Requirements for Market risk Group Exercise

16:00 – 16:15
Closing & Certificate Giving Ceremony

16:15 – 16:30
Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

11th Islamic Financial Stability Forum : Comparative Study on the Implementation of the IFSB Standards: Cross-country Assessment
2015-04-02 14:30 - 16:00 | Jakarta, Jakarta, Indonesia, Indonesia
The IFSB organised its 11th Islamic Financial Stability Forum (11th IFSF) on 2 April 2015, in Jakarta, Indonesia.

The 11th IFSF was held in conjunction with the 26th Council Meeting of the IFSB, hosted by Bank Indonesia.

Programme – Event Session(s)

Date
Time
Topics

Day 1
02/04/2015
14:30 – 14:40
Chairman’s Remarks H.E. Agus D.W. Martowardojo, Governor, Bank Indonesia

14:40 – 15:00
Presentation on the IFSB 2014 Standard Implementation Study: Cross-country Comparison Speakers: 1. Mr. Peter Casey, Consultant, Islamic Financial Services Board 2. Mr. Zahid ur Rehman Khokher, Assistant Secretary-General, Islamic Financial Services Board

15:00 – 15:20
Topic : Country Experience on the Implementation of the IFSB Standards H.E. Saeed Ahmad, Deputy Governor, State Bank of Pakistan

15:20 – 15:40
Topic : Country Experience on the Implementation of the IFSB Standards Mr. Khalid Hamad Abdulrahman, Executive Director of Banking Supervision, Central Bank of Bahrain

15:40 – 16:00
Discussion and Q&A Session

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB Annual Meetings 2015: 26th Meeting of the Council, 13th General Assembly of the Islamic Financial Services Board & Other Events (Seminar on Enhan
2015-03-31 08:30 - 2015-04-02 08:30 | Hotel Indonesia Kempinski, jakarta, Indonesia
Programme – Event Session(s)

Date
Time
Topics

Day 1
31/03/2015
IFSB SEMINAR ON ENHANCING FINANCIAL INCLUSION THROUGH ISLAMIC FINANCE

08:30 – 09:30
Registration

09:30 – 10:30
Opening & Keynote Session

10:30 – 11:00
Coffee break

11:00 – 12:30
Session 1: Promoting Financial Inclusion through Islamic Finance: Core Issues This session will discuss the importance of the roles as well as coordination amongst key stakeholders, including the government, regulatory and supervisory authorities and Islamic financial institutions in implementing action plans to enhance financial inclusion in their respective jurisdictions. This includes the promotion of consumer protection and financial education. The session also deliberates the work of the standard setting bodies and other relevant global bodies in financial inclusion to ensure the stability of the Islamic financial services industry.

12:30 – 14:00
Lunch & Prayers

14:00 – 15:30
Session 2: Enhancing the Capacity of Islamic Microfinance, Islamic SMEs and microTakāful to Alleviate Poverty and Contribute towards Sustainable Economic Growth This session will discuss the role of Islamic microfinance, Islamic SMEs and microTakāful in enhancing financial inclusion. The discussion will include product innovation and the role of technology to encourage easy access to and efficient provision of Islamic financial instruments. It also explores the key success factors and challenges in promoting financial inclusion for greater shared prosperity and economic growth.

15:30 – 16:00
Coffee break

16:00 – 17:30
Session 3: Panel Discussion – Policies and Strategies for Enhancing Financial Inclusion: Regulation, Stability and Innovation This session will discuss the role of regulators and standard setting bodies in supporting and increasing access to Islamic finance, introducing policy measures to broaden the level of financial inclusion and contribute to the delivery of high-quality financial services, as well as establishing cooperation frameworks for financial inclusion while ensuring the stability and resilience of the industry.

Day 2
01/04/2015
09:30 – 12:30
7th IFSB Public Lecture on Financial Policy and Stability

12:30 – 14:30
Meet the Members and Industry Engagement Session (Lunch)

20:00 – 22:00
Welcome Dinner

Day 3
02/04/2015
09:00 – 12:20
26th Meeting of the Council of the Islamic Financial Services Board

12:25 – 13:30
13th General Assembly

13:30 – 14:30
Lunch and Prayer

14:30 – 16:00
11th Islamic Financial Stability Forum

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

2.)

Seminar on Enhancing Financial Inclusion through Islamic finance – List of confirmed speaker

Focus Group Meeting on the Strategic Performance Plan 2016 - 2018
2015-03-30 08:30 - 17:15 | Palapi & Jati Meeting Room, 2nd Floor, Hotel Indonesia Kempinski, JAKARTA, Indonesia
As part of the formulation of the SPP 2016-2018, the IFSB organises its first Focus Group Meetings in Jakarta comprising IFSB members amongst the Regulatory and Supervisory Authorities (including Multi-lateral institutions) and Industry Participants.

The objective of this Focus Group Meetings is to get a better understanding of the views of key stakeholders on emerging challenges facing the Islamic financial services industry, as well as perceptions about the IFSB and its role in promoting the resilience and stability of the global industry.

For participation and further details, please communicate through email to Mr. Hamizi Hamzah at hamizi@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
30/03/2015
08:30 – 09:00
Registration and Morning Coffee For Full and Associate Members

09:00 – 09:15
Briefing on the Strategic Performance Plan 2016 – 2018 Project Dr. Sherif Ayoub, Assistant Secretary-General of the IFSB

09:15 – 11:55
Presentation, Feedback Collection and Interactive Session Moderator: Mr. Peter Casey, Technical Consultant for the Project

11:55 – 12:00
Closing Remarks

12:00 – 12:15
Coffee Break

13:30 – 14:00
Registration and Morning Coffee For Observer Members Only

14:00 – 14:15
Briefing on the Strategic Performance Plan 2016 – 2018 Project Dr. Sherif Ayoub, Assistant Secretary-General of the IFSB

14:15 – 16:55
Presentation, Feedback Collection and Interactive Session Moderator: Mr. Peter Casey, Technical Consultant for the Project

16:55 – 17:00
Closing Remarks

17:00 – 17:15
Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshop Series (Egypt)
2015-03-24 09:30 - 2015-03-26 16:15 | Room 504, 5th Floor, Egyptian Banking Institute (EBI), 22A, Dr. Anwar El Mofty St., Tiba 2000, P.O.Box 8164 Nasr City, Cairo, CAIRO, Egypt
This Workshop is hosted by the Egyptian Banking Institute (EBI).
This 3-day Workshop is tailored for the regulatory and supervisory authorities as well as market players within the Islamic banking sector. It will focus on the following Standards:

IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS); and
IFSB-15: Revised Capital Adequacy for IIFS.

For more information on these Workshops, please email to Mr. Hamizi Hamzah at hamizi@ifsb.org
Programme – Event Session(s)

Date
Time
Topics

Day 1
24/03/2015
09:30 – 09:45
Opening Session by the IFSB and EBI Representatives

09:45 – 11:15
Session 1: Introduction to Islamic Finance and IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering Islamic Financial Services (IIFS) Concept of Islamic Finance Contracts in Islamic Finance Structures of Islamic Banking Products Understanding of Risks in IIFS General Requirements for Risk Management Process in IIFS Focus on Credit Risk Focus on Equity Investment Risk

11:15 – 11:30
Group Photo and Coffee Break

11:30 – 13:00
Session 2: IFSB-1: Guiding Principles of Risk Management for IIFS Focus on Equity Investment Risk Focus on Market Risk Focus on Liquidity Risk

13:00 – 14:00
Lunch and Prayers

13:00 – 16:00
Session 3: IFSB-1: Guiding Principles of Risk Management for IIFS Focus on Rate of Return Risk Focus on Operational Risk Role of Supervisory Authority

16:00 – 16:15
Coffee Break

Day 2
25/03/2015
09:30 – 11:00
Session 4: IFSB-15: Revised Capital Adequacy Standard for IIFS Components of Capital Capital Conservation Buffer Countercyclical Buffer

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 5: IFSB-15: Revised Capital Adequacy Standard for IIFS Leverage Ratio Domestic Systemically Important Banks Group Exercise on Leverage Ratio

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 6: IFSB-15: Revised Capital Adequacy Standard for IIFS Principles for Minimum Capital Requirements Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes

16:00 – 16:15
Coffee Break

Day 3
26/03/2015
09:30 – 11:00
Session 7: IFSB-15: Revised Capital Adequacy Standard for IIFS Risk Mitigation Approaches Maturity Mismatch Recognition of Ratings by External Credit Assessment Institution (ECAI)

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 8: IFSB-15: Revised Capital Adequacy Standard for IIFS Policies and Procedures for Market risk Guidance on Valuation Practices Measuring Market Risks

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 9: IFSB-15: Revised Capital Adequacy Standard for IIFS Understanding the Operational Risk in Islamic Finance Sharī`ah Non-compliance Risk Group Exercise

16:00 – 16:15
Closing & Certificate Giving Ceremony

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

IFSB-FIS Workshop Series (Sudan)
2015-02-10 09:30 - 2015-02-12 16:15 | –, Bali, Indonesia
This Workshop is hosted by the Central Bank of Sudan.

This 3-day Workshop is tailored for the regulatory and supervisory authorities as well as market players within the Islamic banking sector. It will focus on IFSB-15: Revised Capital Adequacy Standard for Institutions offering only Islamic Financial Services (IIFS).

For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at hamizi@ifsb.org.

Programme – Event Session(s)

Date
Time
Topics

Day 1
10/02/2015
09:30 – 09:45
Opening Session by the IFSB and the CBOS Representatives

09:45 – 11:15
Session 1: IFSB-15: Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services (IIFS) Components of Capital Capital Conservation Buffer Countercyclical Buffer Case Study on Components of Capital for IIFS

11:15 – 11:30
Group Photo and Coffee Break

11:30 – 13:00
Session 2: IFSB-15: Revised Capital Adequacy Standard for IIFS Leverage Ratio Domestic Systemically Important Banks Group Exercise on Leverage Ratio Case Study on Countercyclical Buffer

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 3: IFSB-15: Revised Capital Adequacy Standard for IIFS Off-balance Sheet Exposures Exposures in Investments Made under Profit-Sharing Modes Credit Risk Mitigation Recognition of Ratings by External Credit Assessment Institution (ECAI)

16:00 – 16:15
Coffee Break

Day 2
11/02/2015
09:30 – 11:00
Session 4: IFSB-15: Revised Capital Adequacy Standard for IIFS Understanding the Market Risk in Islamic Finance Policies and Procedures for Market risk Guidance on Valuation Practices Measuring Market Risks

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 5: IFSB-15: Revised Capital Adequacy Standard for IIFS Understanding the Operational Risk in Islamic Finance Measuring Operational Risks Sharīah Non-compliance Risk Group Exercise

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 6: IFSB-15: Revised Capital Adequacy Standard for IIFS Features of Sukūk and Securitisation Credit Enhancement for Sukūk Credit Rating for Sukūk Assets in Securitisation

16:00 – 16:15
Coffee Break

Day 3
12/02/2015
09:30 – 11:00
Session 7: IFSB-15: Revised Capital Adequacy Standard for IIFS Recognition of Risk Transference Operational Requirements for Credit Analysis Treatment for Regulatory Capital Purposes for Sukūk and Securitisation Exposures Capital Requirements for Sukūk

11:00 – 11:30
Coffee Break

11:30 – 13:00
Session 8: IFSB-15: Revised Capital Adequacy Standard for IIFS Capital Requirements Where the IIFS is the Originator Treatment of Credit Risk Mitigation for Securitisation Exposures Capital Requirements Where the IIFS is the Credit Enhancer Case Study

13:00 – 14:00
Lunch and Prayers

14:00 – 16:00
Session 9: IFSB-15: Revised Capital Adequacy Standard for IIFS Current Regulatory Environment of Real Estate Activities Risk Exposures in Real Estate Activities Supervision of Real Estate Activities Risk-Weighting of Real Estate Exposures

16:00 – 16:15
Closing & Certificate Giving Ceremony

16:15 – 16:30
Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format

The IFSB Public Hearing on ED17 and GN-6
2014-12-16 14:30 - 17:30 | Mini Forum 1.3, Level 1, 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 the following:

1. Exposure Draft 17: Core Principles for Islamic Finance Regulation (Banking Segment)

2. Exposure Draft of GN-6: Guidance Note on Quantitative Measure for Liquidity Risk Management in 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 Md Zawawi at khairun.nissa@ifsb.org

Programme – Event Session(s)

Date
Time
Topics

Day 1
16/12/2014
14:30 – 15:00
Registration

15:00 – 15:05
Opening Remarks by the Secretary-General of the IFSB

15:05 – 15:35
Presentation by the Project Manager

15:35 – 16:05
Question and Answer

16:05 – 16:35
Presentation by the Project Manager

16:35 – 17:05
Question and Answer

17:05 – 17:30
Coffee Break

Downloadable Document(s)

1.)

Event Session(s) – PDF Format
