
Workshop on Islamic Finance
Al Dasha Ballroom Doha, QatarThe IFSB is organising 2 Workshops on Islamic Finance in Doha, Qatar. The Workshops are: i) 30 March 2010 - Management and Supervision of Profit Sharing Investment Accounts (PSIA) ii) 31 March 2010 - Prudential Regulation for Islamic Windows Both Workshops will be hosted by Qatar Central Bank. More information will be uploaded in due course. Programme - Event Session(s) Date Time Topics Day 1 30/03/2010 08:30 - 09:00 Registration 09:00 - 10:30 Session 1: Treatment of profit sharing investment accounts (PSIA) as deposits and quasi deposit products: Shari’ah and legal perspectives Conceptual background on the Mudarabah contracts, which treat PSIA as investments. Why PSIA are being treated differently in practice, often as a deposit-like product? Legal and market considerations often seek to protect PSIA; how to reconcile the legal and market considerations and Shari’ah considerations? 10:30 - 11:00 Coffee Break and Networking 11:00 - 12:30 Session 2: Management of PSIA, and measurement of DCR, “Alpha” and capital adequacy Modeling investment accounts management by Islamic banks Determination of the Alpha factor in the capital adequacy ratio: A practical approach Case study on Qatari banks 12:30 - 14:00 Lunch and Zhur Prayer 14:00 - 15:30 Session 3: Supervisory and Regulatory Implications of Treating PSIA as deposit like products Supervisory discretion on Alpha and supervisory assessments of “negligence and misconduct” Corporate governance and disclosure requirements Implications for stress testing approaches and scenarios End of Workshop Day 2 31/03/2010 08:30 - 09:00 Registration 09:00 - 10:30 Session 1: Supervisory Review Process for Islamic Windows Overview of the IFSB standard on supervisory review process Application of the IFSB standard on supervisory review process for Islamic windows 10:30 - 11:00 Coffee Break and Networking 11:00 - 12:30 Session 2: Risk Management and Capital Adequacy for Islamic Windows Overview of the IFSB risk management and capital adequacy standards Relevance of the IFSB Risk management and capital adequacy standard to Islamic windows Special treatment for risk management and capital adequacy for Islamic windows 12:30 - 14:00 Lunch and Zhur Prayer 14:00 - 15:30 Session 3: Disclosure to Promote Transparency and Market Discipline for Islamic Windows Overview of the IFSB corporate governance standard and disclosures to promote transparency and market discipline Applicability of the IFSB corporate governance standard and disclosures to promote transparency and market discipline to Islamic windows End of Workshop Downloadable Document(s) 1.) Event Session(s) - PDF Format