2nd Islamic Financial Stability Forum : Addressing Liquidity Management Challenges to Enhance the Financial Stability of the Islamic Financial Services Industry

- Bali, Indonesia

The IFSB organised its 2nd Islamic Financial Stability Forum (2nd IFSF) on 14 December 2010 in Jeddah, Saudi Arabia. The 2nd IFSF was held in conjunction with the 17th Council Meeting of the IFSB, hosted by the Islamic Development Bank. Programme - Event Session(s) Date Time Topics Day 1 14/12/2010 14:00 - 14:10 Opening Remarks H.E. Dr. Sabir Mohamed Hassan, Governor Central Bank of Sudan & Chairman of the IFSB Council 14:10 - 15:00 Session 1: Role and Practices of Central Banks and Supervisory Authorities in Addressing Liquidity Management Issues in the Islamic Financial Services Industry Practices and initiatives by the central banks and supervisory authorities to provide standing Shari`ah compliant funding facilities to market players Emerging trends in cooperation between supervisors for supervising liquidity management in the IIFS Experiences in providing prudential guidance to Islamic financial services industry for liquidity management Liquidity management in stress conditions Speaker : H.E. Dr. Muhammad Sulaiman Al-Jasser, Governor, Saudi Arabian Monetary Agency Discussant: H.E. Sanusi Lamido Aminu Sanusi, Governor, Central Bank of Nigeria 15:00 - 15:50 Session 2: Liquidity Management in Institutions Offering Islamic Financial Services (IIFS) Emerging practices, initiatives and trends in the liquidity management of IIFS Programs for the management of funding liquidity in the Islamic financial sector Experiences in development of market infrastructure for liquidity management in the Islamic financial sector Speaker : David Vicary Abdullah, Specialist, Global Islamic Finance, Deloitte, Malaysia Discussant: Dr. Sami Al-Suweilam, Deputy Director, Islamic Development Bank Downloadable Document(s) 1.) Event Session(s) - PDF Format

Seminar on Enhancing the Role of Indexes in the Development of Islamic Capital Markets

Phoenicia InterContinental Hotel Beirut, Lebanon

Banque du Liban is kindly hosting the Seminar. Thomson-Reuters is supporting the Seminar. Registration is closed. Programme - Event Session(s) Date Time Topics Day 1 12/01/2011 09:00 - 09:30 Registration 09:30 - 10:00 Opening and Keynote Session 10:00 - 11:00 Session 1: Role of Indexing in Islamic Capital Markets Importance of conventional high profile indexes: Lessons for Islamic indexes Delinking off conventional benchmark: Need for Islamic indexes Social-ethical screening and Faith based screening: Similarities and differences 11:00 - 11:30 Coffee Break 11:30 - 12:30 Session 2: Sharī`ah Screening Process - Practices, Shortcomings and Need for Other Assets Analysis of various Sharī`ah-compliant indexes: methodologies, performance comparison and available Sharī`ah-compliant indexes Need for screening methodologies for other asset classes Shortcomings of Sharī`ah-compliant indexes 12:30 - 14:00 Lunch 14:00 - 15:15 Session 3: Enhancing the Information Environment for Investors Islamic fund rating/ranking Islamic funds performance Exchange listed instruments 15:15 - 15:30 Coffee Break 15:30 - 16:30 Session 4: Roles of Stakeholders in Developing Shariah-Compliant Investment Scholars vs automation in Sharī`ah-compliant indexing Regulator’s role Industry body for Islamic investing Day 2 13/01/2011 09:30 - 11:00 Session 5: Link between Islamic Asset Management Industry and Islamic Capital Markets Role of institutional investors in Islamic capital markets and the need for Sharī`ah-compliant pension funds and venture capital Privatisation of state-owned companies and listing of family-owned companies Shareholder activism in the Islamic financial services industry and enhancing corporate governance 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 6: Panel discussion : "The way forward for Islamic indexing for the future development of Islamic capital markets" 13:00 - 14:00 Lunch Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Hotel Reservation Form

Seminar on Regulatory, Legal and Shari`ah Issues of Islamic Capital Market Products

Intercontinental Hotel Abu Dhabi, United Arab Emirates

This Seminar is hosted by the Emirates Securities & Commodities Authority, United Arab Emirates. For more information on the Seminar, please contact Ms Puteri Bahrun at [email protected] Programme - Event Session(s) Date Time Topics Day 1 16/01/2011 09:00 - 09:30 Registration 09:30 - 10:00 Opening Session 10:00 - 11:00 Session 1: General characteristics of the Islamic capital market and its role in Islamic financial services industry Role of various Islamic capital market products Recent trends and developments in Islamic capital markets 11:00 - 11:30 Coffee Break 11:30 - 12:45 Session 2: Regulatory and legal issues in Islamic capital market products Necessary regulatory and legal regimes for Islamic capital market products Legal issues in Sukuk default and investors rights Islamic asset securitisation: Legal issues and challenges 12:45 - 14:15 Lunch and Prayers 14:15 - 15:30 Session 3: Shari`ah issues in Islamic capital market products Issues in Shari`ah screening methodologies Sukuk structures and related Shari`ah issues Management of Shari`ah compliance risk in product development 15:30 - 16:00 Coffee Break 16:00 - 17:00 Session 4 :Panel Discussion on Opportunities and challenges for Islamic capital market products Downloadable Document(s) 1.) Event Session(s) - PDF Format

Seminar on Risk Mitigation and Enhancing Financial Stability in Islamic Finance: Contingent Capital and Takāful

7th floor, Meeting Room, Board Building, Central Bank of the UAE Abu Dhabi, United Arab Emirates

The Seminar is hosted by the Central Bank of the United Arab Emirates. The objective of this Seminar is to address topical issues namely: a) Basel III; b) Contingent capital; and c) Takâful. It will provide the participants with an overview of what is being labeled as Basel III, which is at the forefront of current global financial market developments and supervisory policy debate. Given the expectation that Basel III will require banks to increase their capital, which would lead to an increase in their cost of funding, the Seminar will also discuss the role that contingent capital can play in reducing the banks’ cost of funding. The discussion will also include how Takâful can be an instrument to mitigate some risks inherent in institutions that offer Islamic financial services. For more information on the Seminar, please contact Ms Puteri Bahrun at [email protected] Programme - Event Session(s) Date Time Topics Day 1 17/01/2011 09:00 - 09:30 Registration 09:30 - 09:45 Opening Remarks 09:45 - 10:30 Session 1 : Introduction to Basel III 10:30 - 11:00 Coffee Break 11:00 - 12:00 Session 2 : Contigent Capital - Mitigating Risk and Enhancing Financial Stability 12:00 - 12:30 Discussion 12:30 - 14:00 Lunch and Networking 14:00 - 15:00 Session 3: Takāful - Mitigating Credit Risk and Capital Adequacy Treatment 15:00 - 15:30 Discussion Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Location Map to Seminar's Venue - CBUAE

IFSB-FIS Workshop Series (Egypt) : IFSB-2 and IFSB-5.

The Egyptian Banking Institute Cairo, Egypt

This workshop is hosted by the Central Bank of Egypt. This workshop will address the following IFSB Standards: -IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -IFSB-5: Guidance on Key Elements in the Supervisory Review Process of Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds) 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 18/01/2011 INTRODUCTION TO ISLAMIC FINANCE AND IFSB-2: CAPITAL ADEQUACY STANDARD FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS) 09:00 - 09:30 Registration 09:30 - 09:45 Welcoming Remark 09:45 - 11:00 Session 1 Introduction to Islamic Banking : Concept of Islamic Finance 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2 Overview of the IFSB-2 : Capital Adequacy Standard : - Basel Capital Adequacy Framework An overview of IFSB-2 : Capital Adequacy Standard for IIFS Capital Adequacy Formulas 13:00 - 14:00 Lunch & Prayers 14:00 - 16:00 Session 3 Measurement of Capital Adequacy Requirements for Credit Risk : - Calculation of Credit Risk in IIFS Credit Risk Mitigation Examples Group Exercise Day 2 19/01/2011 IFSB-2 : CAPITAL ADEQUACY STANDARD FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES (IIFS) 09:30 - 11:00 Session 4 Measurement of Capital Adequacy Requirements for Market Risk : - Calculation of Market Risk in IIFS Examples Group Exercise 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5 Measurement of Capital Adequacy Requirements for Operational Risk : - Calculation of Operational Risk in IIFS Individual Exercise CAR Formulas Examples 13:00 - 14:00 Lunch & Prayers 14:00 - 16:00 Session 6 Case Study Group Discussion Day 3 20/01/2011 IFSB-5 : GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS OF INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKAFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS) 09:30 - 11:00 Session 7 Overview of the IFSB-5 : Supervisory Review Process : - Infrastructure for Effective Supervision Regulatory Capital Requirements Treatment of IAH Risk Management and Corporate Governance (RM, CG, Audit and Compliance) Related Party Transactions 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 Disclosure to Promote Transparency and Market Discipline Consolidated and Home-host Supervision Window Operations Real Estate Investments 13:00 - 14:00 Lunch & Prayers 14:00 - 16:00 Session 9 Case Analysis (1) & Discussion Case Analysis (2) & Discussion Downloadable Document(s) 1.) Event Session(s) - PDF Format

Seminar on Enhancing Shariah Structure and Compliance in Promoting Financial Stability

Multipurpose Hall, Level 3, Lanai Kijang, Bank Negara Malaysia Kuala Lumpur, Malaysia

The Seminar is jointly organised by the IFSB and ISRA. Participation is open to representatives of IFSB member organisations and interested parties. Please register by 21 January 2010 to confirm your seat. For more information on the Seminar, please contact Ms Puteri Bahrun (Tel: + 603 2698 4248 ext: 114 / Email: [email protected])  Programme - Event Session(s) Date Time Topics Day 1 24/01/2011 09:00 - 09:30 Registration 09:30 - 09:50 Opening Remarks by IFSB Secretary-General Professor Datuk Dr. Rifaat Ahmed Abdel Karim 09:50 - 10:00 Remarks by Seminar Chairman 10:00 - 11:00 Session 1: Overview of the Sharī`ah Structure and Governance System An overview of the IFSB Standard on Sharī`ah Governance System Analytical perspective on the Sharī`ah scholars 11:00 - 11:30 Coffee and Networking 11:30 - 12:30 Session 2: Sharī`ah Structure and Compliance as Practiced in Various Institutions offering Islamic Financial Services Management of Sharī`ah Compliance in Different Sharī`ah Structures 12:30 - 14:00 Lunch and Prayers 14:00 - 15:00 Session 3: Sharī`ah Structure and Governance: Perspectives from Prudential Regulations Prudential Requirement for the Management of Sharī`ah Compliance 15:00 - 16:00 Session 4: Market Discipline: A Check and Balance on the Sharī`ah Structure and Compliance Market Discipline and Sharī`ah Compliance 16:00 - 16:30 Session 5: Panel Discussion: Enhancing the Sharī`ah Structure and Compliance in Promoting Financial Stability 16:30 - 17:00 Coffee and Networking Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Location Map to Seminar's Venue - Lanai Kijang, Kuala Lumpur 3.) Speakers Profiles

Seminar on Managing Liquidity of Islamic Financial Services in Emerging Markets

Bougainvillea Hall, Kurumba Maldives Island , Maldives

This Seminar is hosted by Maldives Monetary Authority. PARTICIPATION IS BY INVITATION ONLY. For more information on the Seminar, please contact Ms Puteri Bahrun at [email protected] Programme - Event Session(s) Date Time Topics Day 1 10/02/2011 09:00 - 09:30 Registration 09:30 - 10:00 Opening and Keynote Session 10:00 - 11:15 Session 1 : Liquidity Management in the Islamic financial services industry - Risks and regulatory issues Focus: The session will discuss the liquidity management challenges in the Islamic financial services industry (IFSI) due to inadequate Sharī`ah-compliant instruments and the risks to which institutions offering Islamic financial services (IIFS) are exposed. 11:15 - 11:45 Coffee Break 11:45 - 13:00 Session 2 : Infrastructures for managing liquidity and liquidity risks Focus: The session will discuss the necessary building blocks that should be in place to support IIFS in managing their liquidity, including the infrastructure components that are required to facilitate measuring and managing liquidity risks and the role of supervisory bodies in this process. 13:00 - 14:15 Lunch and Prayers 14:15 - 15:30 Session 3 : Case study - IFSI liquidity management approaches in selected countries and off-shore centres Focus: The session will highlight treasury management practices of IIFS in selected jurisdictions, and the challenges to develop appropriate Sharī`ah-compliant instruments. 15:30 - 16:00 Coffee Break 16:00 - 17:15 Session 4 : Panel Discussion - Development of a liquidity management framework for the Islamic financial services industry Focus: The session aims to discuss the issues that have to be considered to develop a robust liquidity management framework and how to overcome some of the existing challenges. It will also cover the role that stakeholders in the IFSI are expected to play. Downloadable Document(s) 1.) Event Session(s) - PDF Format

Seminar on Liquidity Management : Changes in Liquidity Management for Islamic Financial Institutions

The Auditorium, Deloitte LLP london, United Kingdom

This Seminar is supported by Gatehouse Bank plc and Deloitte LLP. PARTICIPATION IS BY INVITATION ONLY. Priority of confirmation is given to members of the IFSB. For more information on the Seminar, please email to Ms. Yazmin Aziz Email: [email protected]. Programme - Event Session(s) Date Time Topics Day 1 21/02/2011 09:00 - 09:30 Registration 09:30 - 09:45 Opening and Welcoming Remarks 09:45 - 10:30 Known Regulatory Changes and New Liquidity Regime, Effect on Islamic Financial Institutions and Basel III Issues 10:30 - 11:00 Coffee Breaks & Networking 11:00 - 11:45 Liquidity Management Tools Available to Islamic Financial Institutions and Pending Innovations 11:45 - 12:30 The IFSB's New Draft Standard on Liquidity Risk Management 12:30 - 13:30 Lunch Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Seminar's venue 3.) Speakers Profiles

IFSB-FIS Workshop Series (Malaysia) : IFSB-6, IFSB-7, IFSB-9, IFSB-10.

Conference Hall 1, Securities Commission Malaysia Kuala Lumpur, Malaysia

This workshop is hosted by Securities Commission Malaysia. This workshop will address the following IFSB standards: -IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes -IFSB-7: Capital Adequacy Requirements for Sukûk, Securitisations and Real Estate investment -IFSB-9: Guiding Principles on Conduct of Business for Institutions offering Islamic Financial Services -IFSB-10: Guiding Principles on Sharîah Governance Systems for Institutions offering Islamic Financial Services Participation is by INVITATION only. For more information on the Workshops, please email to Ms. Yazmin Aziz Email: [email protected]. Programme - Event Session(s) Date Time Topics Day 1 16/03/2011 WORKSHOPS ON GUIDING PRINCIPLES ON GOVERNANCE FOR ISLAMIC COLLECTIVE INVESTMENT SCHEMES 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 : An Overview of IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes 11:00 - 11:30 Breaks 11:30 - 13:00 Session 2 : Recommended Best Practices on Governance for Islamic Collective Investment Schemes and Case Studies 13:00 - 13:00 Lunch 14:00 - 15:30 Session 3 : IFSB-7: Capital Adequacy Requirements for Sukûk, Securitisations and Real Estate investment 15:30 - 16:00 Breaks 16:00 - 17:30 Session 4 : Case Studies on Capital Adequacy Requirements for Sukûk and Securitisations Day 2 17/03/2011 WORKSHOPS ON GUIDING PRINCIPLES ON CONDUCT OF BUSINESS AND SHARIAH GOVERNANCE SYSTEMS FOR ISLAMIC FINANCIAL INSTITUTIONS 09:30 - 11:00 Session 1 : Insight into IFSB-9: Guiding Principles on Conduct of Business for Institutions offering Islamic Financial Services 11:00 - 11:30 Breaks 11:30 - 13:00 Session 2 : Case Studies on Conduct of Business for Institutions Offering Islamic Financial Services 13:00 - 14:00 Lunch 14:00 - 15:30 Session 3 : Overview of IFSB-10: Guiding Principles on Sharîah Governance Systems for Institutions offering Islamic Financial Services 15:30 - 16:00 Breaks 16:00 - 17:30 Session 4 : Case Studies on Shari’ah Governance System Downloadable Document(s) 1.) Event Session(s) - PDF Format

IFSB Annual Meetings 2011 and 4th IFSB Public Lecture on Financial Policy and Stability

Al- Riwaq Room, Level B, Intercontinental Amman , Jordan

Theme: 1975 - 2010: 35 Years of Growth – Why the Islamic financial services industry remains relatively small Programme - Event Session(s) Date Time Topics Day 1 30/03/2011 4TH IFSB PUBLIC LECTURE : 1975 – 2010, 35 YEARS OF GROWTH – WHY THE ISLAMIC FINANCIAL SERVICES INDUSTRY REMAINS RELATIVELY SMALL 14:30 - 15:00 Registration 15:00 - 15:20 Opening Remarks 15:20 - 15:25 Chairman Lecture 1 and 2 : H.E. Faris A. Sharaf, Governor, Central Bank of Jordan 15:20 - 16:00 Lecture 1 16:00 - 16:40 Lecture 2 16:40 - 17:00 Question and Answer Session (for Lecture 1 and 2) 17:00 - 17:30 Coffee Break Day 2 31/03/2011 IFSB ANNUAL MEETINGS 2011 09:00 - 12:20 18th Meeting of the Council (For IFSB Council Members Only) 12:30 - 13:30 9th General Assembly of the IFSB (For IFSB Members Only) 14:30 - 16:00 3rd Islamic Financial Stability Forum (For IFSB Council Members and Regulatory Authorities Only) Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Speakers Profiles

3rd Islamic Financial Stability Forum : Macroprudential Surveillance Framework and Considerations for the Stability of Islamic Financial Services Industry

- Bali, Indonesia

The IFSB organised its 3rd Islamic Financial Stability Forum (3rd IFSF) on 17 November 2011 in Amman, Jordan. The 3rd IFSF was held in conjunction with the 18th Council Meeting of the IFSB, hosted by the Central Bank of Jordan. Programme - Event Session(s) Date Time Topics Day 1 00/00/0000 00:00 - 00:00 Opening Remaks H.E. Faris A. Sharaf, Governor, Central Bank of Jordan Day 2 31/03/2011 14:40 - 15:20 Session 1: Macroprudential Surveillance and the Role of the Supervisory and Regulatory Authorities The rationale for macroprudential surveillance framework in financial institutions- objectives, history and theory; Coordination with other policies/authorities - monetary, microprudential and cross-border supervision; Cross-border issues – historical experiences and emerging trends in crisis management, information sharing and dealing with insolvent institutions Speaker: H.E. Shahid Hafiz Kardar, Governor State Bank of Pakistan Discussant: H.E. Durmus Yilmaz, Governor Central Bank of the Republic of Turkey 15:20 - 16:00 Macroprudential regulation and supervision for Institutions offering Islamic financial services (IIFS) Components of macroprudential supervision of the IIFS – Catering for the specificities of IIFS related to capital policies, counter-cyclicality and liquidity risk management; Growth of Islamic finance and regulatory approaches to deal with its systemic implications; Structuring macroprudential regulation – governance, information needs and cross-sectoral interactions; Market discipline - interrelationship with macroprudential and its effectiveness. Speaker: H.E. Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain Discussant: H.E. Dr. Atiur Rahman, Governor, Bangladesh Bank Downloadable Document(s) 1.) Event Session(s) - PDF Format

Seminar on Managing Liquidity in the Islamic Financial Services Industry

Grand Ballroom, Conrad Istanbul Hotel Istanbul, Turkey

The Central Bank of the Republic of Turkey is hosting this Seminar. For more information on the Seminar, please email to Ms. Yazmin Aziz Email: [email protected]. Programme - Event Session(s) Date Time Topics Day 1 06/04/2011 09:00 - 09:30 Registration 09:30 - 10:00 Opening and Keynote Session 10:00 - 11:00 Session 1 - Liquidity Management in the Islamic Financial Services Industry: Risks, Legal and Regulatory Issues The session will discuss the liquidity management challenges in the Islamic financial services industry (IFSI) due to inadequate Sharī`ah-compliant instruments and the risks to which institutions offering Islamic financial services (IIFS) are exposed. 11:00 - 11:30 Coffee and Networking Break 11:30 - 12:30 Session 2 : Infrastructures for Managing Liquidity and Liquidity Risks The session will discuss the necessary building blocks that should be in place to support IIFS in managing their liquidity, including the infrastructure components that are required to facilitate measuring and managing liquidity risks and the role of supervisory bodies in this process. 12:30 - 14:00 Lunch 14:00 - 15:00 Session 3 : Regulatory Approaches to Liquidity Management in the Islamic Financial Services Industry in Selected Countries The session will highlight treasury management practices of IIFS in selected jurisdictions, and the challenges to develop appropriate Sharī`ah-compliant instruments. 15:00 - 16:00 Session 4 : Panel Discussion : Future Development of a Liquidity Management Framework for the Islamic Financial Services Industry The session aims to discuss the issues that have to be considered to develop a robust liquidity management framework and how to overcome some of the existing challenges. It will also cover the role that stakeholders in the IFSI are expected to play. 16:00 - 16:30 Coffee and Networking Break 19:30 - 22:00 Gala Dinner (Hosted by the Central Bank of the Republic of Turkey) Venue : Tavaci Recep Usta Restaurant, Etiler Day 2 07/04/2011 09:30 - 10:00 Coffee and Networking Break 10:00 - 10:30 Keynote Address 10:30 - 12:00 Session 5 : Panel Discussion : Key Components for Structuring International Liquidity Instruments: Shari`ah, Legal and Rating 12:00 - 14:00 Lunch Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Hotel Reservation Form 3.) Location Map 4.) Speakers Profile