Workshop on Islamic Finance

Al Dasha Ballroom Doha, Qatar

The 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

Workshop on the Standard on Solvency Requirements for Takaful (Islamic Insurance) Undertakings

Auditorium, Headquarters' Bank Negara Malaysia Kuala Lumpur, Malaysia

Standard on Solvency Requirements for Takaful (Islamic Insurance) Undertakings Programme - Event Session(s) Date Time Topics Day 1 02/04/2010 09:00 - 09:30 Registration 09:30 - 10:30 Workshop on IFSB Exposure Draft 11 Standard on Solvency Requirements for Takāful (Islamic Insurance) Undertakings 10:30 - 11:00 Question and Answer Session 11:00 - 11:30 Coffee Break and End of Workshop Downloadable Document(s) 1.) Event Session(s) - PDF Format

International Seminar on The Changing Landscape of Islamic Finance : Imminent Challenges & Future Directions

Al Salam Rotana Khartoum, Sudan

The Seminar, themed "Eminent Challenges and Future Directions", is held in conjunction with the IFSB Annual Meetings 2010, which the Central Bank of Sudan is hosting. Programme - Event Session(s) Date Time Topics Day 1 05/04/2010 09:00 - 09:30 Registration 09:30 - 10:00 Opening and Keynote Session 10:00 - 10:30 Coffee Break 10:30 - 11:45 Session 1: The Global Financial Crisis: Implications for Islamic Financial Services Industry 11:45 - 13:00 Session 2: Islamic Finance and Emerging Financial Architecture 13:00 - 14:30 Lunch 14:30 - 16:00 Session 3: Enhancing Legal and Rating Infrastructures for Islamic Finance 20:00 - 22:00 Welcoming Dinner (For IFSB Members Only) Day 2 06/04/2010 09:30 - 13:00 16th Meeting of the Council (For IFSB Council Members Only) 14:15 - 16:00 Inaugural Financial Stability Forum for Islamic Financial Services Industry (For IFSB Council Members Only) 16:00 - 17:00 8th IFSB General Assembly (For IFSB Members Only) Downloadable Document(s) 1.) Event Session(s) - PDF Format

Inaugural Financial Stability Forum for Islamic Financial Services Industry : Developing Capacity Building to Enhance Financial Stability in the Islamic Financial Services Industry

Khartoum Khartoum, Sudan, Sudan

Programme - Event Session(s) Date Time Topics Day 1 06/04/2010 14:15 - 14:20 Opening Remarks H.E. Dr. Sabir Mohamed Hassan, Governor Central Bank of Sudan & Chairman of the IFSB Council 14:20 - 15:00 Session 1: Capacity building in the financial sector Strategies for strengthening financial institutions, to: Ensure that the financial sector supports the real economic sector; Ensure that financial inclusion is extensive (for sectors like SMEs, agricultural, etc.); Have in place the framework for development of financial restructuring and resolution; and Ensure implementation and execution of financial sector reforms. Speaker: Professor Dr. Volker Nienhaus, Former President, University of Marburg, Germany Discussant: Dr. V. Sundararajan, Director, Centennial Group Holdings Inc. US 15:00 - 15:45 Session 2: Capacity building for central banks and regulatory authorities Organisational development to enhance capacity for financial stability mandate in the areas of: Surveillance; Supervision; Enforcement of standards; and Expertise and talent development. Speaker: H.E. Dr. Zeti Akhtar Aziz, Governor, Bank Negara Malaysia Discussant: H.E. Dr. Atiur Rahman, Governor, Bangladesh Bank Downloadable Document(s) 1.) Event Session(s) - PDF Format

IFSB-FIS Workshop Series (Bangladesh): Capital Adequacy | Transparency and Market Discipline

Training Academy of the Bangladesh Bank Dhaka, Bangladesh

Capital Adequacy Transparency and Market Discipline Programme - Event Session(s) Date Time Topics Day 1 00/00/0000 11:00 - 12:00 Session 1 (Workshop Day 1) Basel Capital Adequacy Framework An overview of IFSB Capital Adequacy Standard (IFSB-2) Capital Adequacy Formulas Day 2 19/04/2010 WORKSHOP ON CAPITAL ADEQUACY 09:30 - 10:00 Registration 10:00 - 10:30 Opening Session / Welcoming Speech / Introductory Speech / Opening Speech 10:30 - 11:00 Coffee Break 12:00 - 12:15 Break 12:15 - 13:45 Session 2 Measurement of Capital Adequacy Requirements for Credit Risk Credit Risk Mitigation Examples Group Exercise 13:45 - 15:00 Lunch and Prayer 15:00 - 16:30 Session 3 Measurement of Capital Adequacy Requirements for Market Risk Group Exercise 16:30 - 17:00 Coffee Break Day 3 20/04/2010 10:00 - 11:30 Session 4 (Workshop Day 2) Measurement of Capital Adequacy Requirements for Operational Risk Individual Exercise Impact of PSIA and Alpha-Factor on Capital Adequacy of IIFS Examples 11:30 - 12:00 Coffee Break 12:00 - 13:30 Session 5 Case study : Measurement of Capital Adequacy Ratios of an IIFS Group Exercise and Discussion 13:30 - 15:00 Lunch 15:00 - 16:30 Session 6 Case Study: Impact of PSIA and Profit Sharing Modes on Capital Adequacy Ratio Group Exercise and Discussion 16:30 - 17:00 Coffee Break Day 4 21/04/2010 10:00 - 11:25 Session 1 (Workshop Day 3) The Concept of Transparency and International Standards on TMD Disclosures to Promote TMD for Institutions Offering Islamic Financial Services (IIFS) (IFSB–4)- An overview IFSB – 4 – Necessary Conditions for Effective TMD IFSB – 4 – Recommended Disclosures for IIFS Group Case Study-1 and Discussion 11:30 - 12:00 Coffee Break 12:00 - 13:30 Session 2 IFSB – 4 – Recommended Disclosures for IIFS (Cont’d) IFSB – 4 – Implementation Issues and Challenges Group Case Study-2 and Discussion 13:30 - 14:00 Lunch 15:00 - 16:30 Session 3 Survey on the Practices of TMD in IIFS among IFSB Members Countries Group Case Study-3 and Discussion 16:30 - 17:00 Coffee Break Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Programme

7th Islamic Financial Services Board Summit – Global Financial Architecture: Challenges for Islamic Finance

The Ritz-Carlton, Bahrain Hotel & Spa Manama, Bahrain

The Central Bank of Bahrain will be hosting the 7th Islamic Financial Services Board Summit 2010. For sponsorship and partnership opportunities, please contact Mrs Siham Ismail at [email protected] or + 603 2698 4248 ext: 119. More information will be uploaded in due course. Programme - Event Session(s) Date Time Topics Day 1 03/05/2010 09:00 - 11:30 PRE-SUMMIT EVENT Public Hearing on IFSB Exposure Draft 11: Standard On Solvency Requirements For Takāful (Islamic Insurance) Undertakings 11:30 - 13:30 Luxembourg Country Showcase 17:00 - 19:00 Summit Pre-Registration 18:00 - 19:00 Summit Welcome Cocktail and Exhibition 19:00 - 21:00 Malaysia Showcase Dinner Day 2 04/05/2010 08:00 - 08:45 Registration 08:45 - 09:45 Opening and Keynote Session 09:45 - 10:15 Networking Session and Coffee Break 10:15 - 11:30 Session 1: The Changing Landscape of Financial Regulation: Implications for Islamic Finance The lessons learnt from the shortcomings in the existing regulations and policies guiding the international financial system have led to significant changes being initiated in the landscape of global financial regulation within the past year In light of this, what are the implications for the regulation and supervision of Islamic finance? Are the existing financial regulation structure and prudential standards for Islamic finance equipped to address the industry’s future challenges? What are the priority areas of prudential regulation of Islamic finance that need attention? 11:30 - 12:45 Session 2: New Architecture for Liquidity Management for Islamic Financial Instruments There is an apparent void in Sharī`ah-compliant money market instruments for liquidity management, and in the development of Islamic money markets across the globe. What is the existing framework of liquidity management for Islamic financial instruments? What would be the characteristics of a new architecture for the liquidity management? What have been the hindrances to past attempts to develop Islamic money markets and to facilitate liquidity management by central banks and other financial institutions? How can international and regional cooperation contribute to facilitating effective liquidity management by IIFS with the support of central banks. 12:45 - 14:00 Session 3 : Macro-Prudential Surveillance Issues for Islamic Finance Monitoring systemic risks in the financial industry is of immense importance so as to give early warnings of financial instability. This is especially so, given that financial crises can have huge costs. This session will look into the pertinent issues and areas of concern for macro-prudential surveillance in Islamic finance. What structures and risks have to be examined in the Islamic financial services industry? What types of data are needed to conduct macro-prudential analysis and surveillance? 14:00 - 15:30 Lunch and Prayers 19:00 - 21:00 Summit Gala Dinner & Keynote Address Day 3 05/05/2010 09:30 - 11:00 Session 4 : Balanced growth of Islamic finance- the Sectoral Composition of the Islamic Financial Services Industry as a contributor to growth with stability The recent global financial crisis has demonstrated that the composition of the different sectors within the financial industry – particularly banking and securities markets and their interaction – plays a role in its balanced development and stability This session will discuss whether the current and evolving composition of the Islamic financial services industry is optimal for its sound development with stability. What role should national regulators and market players have in guiding the balanced development of the banking, capital market and takaful sectors? What are the regulatory challenges in promoting this balanced development? 11:00 - 11:30 Networking Session and Coffee Break 11:30 - 13:00 Session 5 : New Islamic Financial Architecture: Challenges Ahead The relative roles of international financial institutions, standard-setting bodies, and global forums, which constitute the global international financial architecture and infrastructure, are still undergoing transformation in response to the global financial crisis. In parallel, the institutional architecture of financial regulations at the national level must respond to changes in both the industry and the global architecture. To what extent have the roles of international organisations and standard-setting bodies in the supervision of the global financial system changed? Does this imply the need for a new set of international infrastructure arrangements for Islamic finance in order to provide an effective contribution to global financial stability? What are the challenges for the existing International Islamic Infrastructure institutions (e.g. IFSB, etc.). Is there a need for changes in the various national institutional architectures for Islamic finance in response to global developments? 13:00 - 14:30 Lunch and Prayers END OF IFSB SUMMIT 2010 Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) 7th IFSB Summit Programme Agenda 3.) 7th_IFSB_Summit's_Brochure 4.) Mark Your 2010 Calendar for the 7th IFSB Summit 5.) The Ritz-Carlton Bahrain Hotel & Spa - Hotel Reservation Form

Seminar on Issues in Sukuk Development

Hyatt Regency London - The Churchill London, United Kingdom

Registration has been closed. Programme - Event Session(s) Date Time Topics Day 1 08/06/2010 SEMINAR CHAIRMAN : PROFESSOR JOHN BOARD, UNIVERSITY OF READING, UNITED KINGDOM 09:00 - 09:30 Registration 09:30 - 10:10 Opening and Keynote Session 10:10 - 10:40 Coffee Break & Networking 10:40 - 11:40 Session 1: General Issues on Sukūk Market Recent developments in the Sukūk market Sukūk design: A new perspective 11:40 - 12:40 Session 2: Prudential and Regulatory Issues on Sukūk Prudential treatment of Sukūk Regulatory issues on Sukūk development (Primary issuance, disclosure, market infrastructures, mutual recognition of Sukūk and Sharī`ah governance) 12:40 - 14:00 Lunch 14:00 - 15:00 Session 3: Sharī`ah Issues on Sukūk Ensuring broad acceptability of Sharī`ah standards relating to Sukūk Key Sharī`ah issues on Sukūk (Structures, credit enhancements, and tradability of Sukūk) 15:00 - 16:00 Session 4: Legal Issues on Sukūk Development Effectiveness of legal aspects of Sukūk development Securitisation issues on Sukūk issuance 16:00 - 16:30 Coffee Break & Networking 16:30 - 17:30 Session 5: Rating Issues on Sukūk Instruments Rating methodologies for Sukūk instruments Challenges and issues in rating Sukūk instruments Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) List of Chairperson & Speakers

Introduction to Islamic Finance & the IFSB Standards | Supervisory Review Process

Maldives Monetary Authority Male, Maldives

Introduction to Islamic Finance & the IFSB Standards Supervisory Review Process Programme - Event Session(s) Date Time Topics Day 1 01/08/2010 WORKSHOP ON INTRODUCTION TO ISLAMIC FINANCE AND THE IFSB STANDARDS (SPEAKER : RONALD RULINDO, SENIOR EXECUTIVE, IFSB) 09:00 - 09:15 Registration 09:15 - 09:30 Opening 09:30 - 10:45 Session 1 - Concept and Contracts of Islamic Finance 10:45 - 11:15 Coffee Break 11:15 - 12:45 Session 2 Products of Islamic Financial Services Institution 12:45 - 13:45 Lunch & Prayer 13:45 - 15:15 Session 3 Overview of the IFSB Standards and Guiding Principles 15:15 - 16:00 Session 4 Case Studies and Discussion 16:00 - 15:30 Coffee Break Day 2 02/08/2010 WORKSHOP ON SUPERVISORY REVIEW PROCESS (SRP) (SPEAKER : ZAHID UR REHMAN KHOKER, ASSISTANT MANGER, IFSB) 09:00 - 10:30 Session 1 An overview of Supervisory Review Process Standard Infrastructure for Effective Supervision Regulatory Capital Requirements Treatment of IAH 10:30 - 11:00 Coffee Break 11:00 - 12:30 Session 2 Risk Management and Corporate Governance (RM, CG, Audit and Compliance) Related Party Transaction 12:30 - 13:30 Lunch & Prayer 13:30 - 15:00 Session 3 Transparency and Market Discipline Consolidated and Home-host Supervision Window Operations Real Estate Investments 15:00 - 16:00 Session 4 Case Analysis (I) & Discussion Case Analysis (II) & Discussion 16:00 - 16:30 Coffee Break Downloadable Document(s) 1.) Event Session(s) - PDF Format

IFSB-FIS Workshop Series (Hong Kong) : Capital Adequacy Standards | Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate Inv

Hong Kong Monetary Authority Hong Kong, Hong Kong

This Workshop is hosted by the Hong Kong Monetary Authority. Participation in the Workshop is BY INVITATION only. For more information on the Workshop, please email to Ms. Yazmin Aziz at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 27/09/2010 WORKSHOP ON INTRODUCTION TO ISLAMIC FINANCE AND CAPITAL ADEQUACY REQUIREMENTS FOR SUKūK, SECURITISATIONS AND REAL ESTATE INVESTMENTS 09:00 - 09:30 Registration 09:30 - 09:50 Opening Session 09:50 - 11:00 Session 1 Concept and Products of Islamic Finance 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2 An Overview of Capital Adequacy Standards for Institutions (Other than Insurance Institutions) offering only Islamic Financial Services 13:00 - 14:00 Breaks 14:00 - 15:30 Session 3 An Overview of the Standard on Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate Investments 15:30 - 16:00 Coffee Break 16:00 - 17:30 Session 4 Capital Requirements for Sukūk, Securitisations and Real Estate Investments Day 2 28/09/2010 WORKSHOP ON SHARIAH GOVERNANCE SYSTEMS FOR ISLAMIC FINANCIAL INSTITUTIONS AND GOVERNANCE FOR ISLAMIC COLLECTIVE INVESTMENT SCHEMES 09:30 - 11:00 Session 1 An Overview of Guiding Principles on Shariah Governance Systems for Institutions offering Islamic Financial Services 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2 An Overview of Guiding Principles on Governance for Islamic Collective Investment Schemes 13:00 - 14:00 Breaks 14:00 - 15:30 Session 3 Recommended Best Practices on Governance for Islamic Collective Investment Schemes 15:30 - 16:00 Coffee Break 16:00 - 17:00 Session 4 Case Studies and Discussion Downloadable Document(s) 1.) Event Session(s) - PDF Format

4th Workshop on Prudential and Structural Islamic Financial Indicators Metadata Template and Data Template Compilation

Meeting Room 1, Lanai Kijang, Bank Negara Malaysia Kuala Lumpur, Malaysia

Workshop on Compilation of Prudential and Strcutural Islamic Finance Indicators Participation in the Seminar is BY INVITATION only. Programme - Event Session(s) Date Time Topics Day 1 30/09/2010 09:30 - 09:35 Opening Remarks 09:35 - 11:00 Session 1 11:00 - 11:30 Coffee and Networking Break 11:30 - 13:00 Session 2 13:00 - 14:30 Lunch and Prayer 14:30 - 16:30 Session 3 Day 2 01/10/2010 09:30 - 11:00 Session 4 11:00 - 11:15 Coffee and Networking Break 11:30 - 13:00 Session 5 13:00 - 14:15 Lunch and Jummaat Prayer 14:15 - 16:30 Session 5 (Continuation) 16:30 - 17:00 Closing session Downloadable Document(s) 1.) Event Session(s) - PDF Format

Seminar on Islamic Capital Markets

The Marmara Taksim Hotel Istanbul, Turkey

This Seminar is hosted by the Istanbul Stock Exchange. The Seminar aims to discuss the structural issues in Islamic capital markets focusing on its development and regulatory issues. For more information on the Seminar, please contact Ms Puteri Bahrun at [email protected] Programme - Event Session(s) Date Time Topics Day 1 01/10/2010 08:30 - 09:00 Registration 09:00 - 09:40 Opening Session 09:40 - 10:00 Coffee and Networking Break 10:00 - 11:30 Session 1: General Issues in Islamic Capital Markets Regulatory framework required for the development of Islamic capital markets Recent trends and developments in Islamic capital markets 11:30 - 12:30 Session 2: Sharī`ah and Legal Issues in Islamic Capital Markets Sukūk default and investors’ rights Sharī`ah and legal framework: Compatibility challenges 12:30 - 14:30 Lunch and Friday Prayers 14:30 - 15:45 Session 3: Islamic Capital Market Products and Liquidity Management Development of Islamic capital market products to support liquidity management Regulatory framework and infrastructure for liquidity management 15:45 - 17:00 Session 4: Panel Discussion on Future Challenges and Opportunities for Islamic Capital Markets 19:30 - 21:30 Welcome Reception hosted by the Istanbul Stock Exchange Venue : Tepe Lounge, The Marmara Hotel (Roof) Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Alternative hotels information (located near to the Seminar's venue) 3.) Hotel Reservation Form - Elite World Hotel 4.) Speakers Profiles

Seminar on Business Models in Islamic Finance: Challenges and Opportunities

The Ritz-Carlton Hotel and Spa, Bahrain Manama, Bahrain

The IFSB is organising the Seminar in Manama, Bahrain. The Seminar aims to discuss issues relating to business models relating to institutions that offer Islamic financial services (IIFS). PARTICIPATION IS BY INVITATION ONLY. If you are interested to attend the Seminar, please contact Ms.Puteri at [email protected] Programme - Event Session(s) Date Time Topics Day 1 03/10/2010 09:00 - 09:30 Registration 09:30 - 09:45 Opening Remarks - Business Models in Islamic Finance-General and Specific Issues 09:45 - 10:45 Session 1: Profit Sharing Investment Accounts 10:45 - 11:15 Coffee and Networking 11:15 - 12:15 Session 2: Sharī`ah-compliant Private Equity Models 12:30 - 14:00 Lunch 18:30 - 19:00 Gala Dinner and Award Presentation Arrival of Guest 19:00 - 19:10 Keynote Address Downloadable Document(s) 1.) Event Session(s) - PDF Format