The Secretariat is pleased to announce that the 7th Meeting of the Executive Committee will be held online on Wednesday, 13 April 2022. Participation is by invitation only. For participation enquiries and registration for the meeting, please email to Ms. Nissa at [email protected]
This workshop is dedicated for IFSB-26: Core Principles for Islamic Finance Regulation (Financial Market Infrastructures). The standard presents overview of the key risks in Financial Marker Infrastructure (FMI) along with core principles for aspects related to the regulation of FMI such as legal basis, governance and Shariah governance, risk management, collateral, money settlements, physical deliveries, efficiency and effectiveness, disclosure, among others. The 1-day online workshop is open to all IFSB members for free as part of their membership benefits. The outline of the workshop is as follows: 1- Introduction to the standard 2- Key risks for Islamic Financial Market Infrastructures (FMIs) 3- Discussion on 25 Core principles for Islamic Finance Regulation The workshop will be conducted from 3.30 pm to 6.30 pm (Kuala Lumpur time). Registration can be done through the following link: bit.ly/3gZNwpV
In its IFSB 56th Technical Committee Meeting held on 24 March 2022, the Technical Committee of the Islamic Financial Services Board has approved the issuance of the following Exposure Drafts (ED) for public consultation; Guidance Note-8 on Deepening the Islamic Capital Markets (ED-GN-8) The Public Consultation period will be from 25 March 2022 until 26 May 2022 In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-GN-8 on Thursday, 21 April 2022 at 3.30 PM (GMT +8.00, Malaysia time). Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme. Kindly register in advance for this webinar: https://zoom.us/webinar/register/WN_bvHjbNObTNmxM6EjOCz3RQ An email confirmation containing about joining the webinar will be sent after registration. Ms. Fadhila Izzati Mokhtar ([email protected]) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar. We look forward to receiving your registration for Public Hearing session as well as feedback on ED-GN-8. Event Snapshots
In its IFSB 56th Technical Committee Meeting held on 24 March 2022, the Technical Committee of the Islamic Financial Services Board has approved the issuance of the following Exposure Drafts (ED) for public consultation; Core Principles for Islamic Finance Regulation - (ED-27) The Public Consultation period will be from 25 March 2022 until 23 June 2022 In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-27 on Monday, 25 April 2022 at 3.30 PM (GMT +8.00, Malaysia time). Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme. Kindly register in advance for this webinar: https://zoom.us/webinar/register/WN_x89h6buGQW-zbZZ9qJyX4g An email confirmation containing about joining the webinar will be sent after registration. Ms. Fadhila Izzati Mokhtar ([email protected]) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar. We look forward to receiving your registration for Public Hearing session as well as feedback on ED-27. Event Snapshots
The 3rd Meeting of IFSB IFSI Stability Report Quality Improvement Committee is scheduled to be held as follow : Date 26 April 2022 Time 3.15 PM (GMT +8.00, KL time) Venue Web-conference / webinar Participation in the meeting is open to the committee members only. For more information, please email to [email protected]. Event Snapshots
The 3rd Working Group Meeting on Conduct of Business Supervision in Takaful Undertakings is scheduled to held as follow : Date 28 April 2022 Time 2.30 PM (GMT +8.00, KL time) Venue via web conference / webinar Participation in the meeting is open for the Working Group members only. For more information please email to: [email protected] Event Snapshots
The Roundtable is organised by the IFSB to discuss the Exposure Draft of Guidance Note-8 on Deepening the Islamic Capital Markets, in line with the IFSB due process for the development of Standards and Guidance/Technical Notes. The ED GN-8 seeks to promote financial stability through deep and liquid Islamic financial systems with diverse instruments that will help enhance countries’ resilience to shocks, and in turn, also support the resilience of other parts of the Islamic financial services industry by providing a wider range of investments with better price discovery. The Roundtable aims to invite selected experts to discuss the some of the issues highlighted in ED GN-8 with a view to soliciting constructive and practical feedback, particularly on specific issues facing the development of the Islamic capital market and practices that have been successful in particular jurisdictions as well as how technology might help in addressing these issues. Programme - Event Session(s) Date Time Topics Day 1 26/04/2022 15:00 - 15:10 Opening Remarks 15:10 - 15:25 Overview of ED GN-8 by the Project Manager 15:25 - 16:10 Panel 1: Reducing the Barriers to Primary Issuances 16:10 - 16:55 Panel 2: Increasing Secondary Market Liquidity 16:55 - 17:00 Break 17:00 - 17:55 Panel 3: Sustainability-related Issues in the ICM 17:45 - 18:30 Panel 4: Developing the Islamic Funds Industry Downloadable Document(s) Event Session(s) - PDF Format
This workshop is dedicated for IFSB-23 which is the new capital adequacy standard issued in December 2021 as a revision to IFSB-15 issued in 2013. The standard covers topics related to capital adequacy requirements and macroprudential measures, regulatory capital, principles for minimum capital requirements in line with Basel 3, among other topics. The workshop is supposed to cover the following: 1- The rationale behind revising IFSB-15 on capital adequacy 2- Key changes in IFSB-23 compared to IFSB-15. The workshop will be conducted from 5.00 pm to 7.30 pm (Kuala Lumpur time). Registration is open to all IFSB members and can be done through the following link:BIT.LY/3H4MN75
The Islamic Financial Services Board (IFSB) in consultation with the State Bank of Pakistan announced that the planned IFSB Annual Meetings 2022 that were scheduled from 23 May to 25 May 2022 in Islamabad, Pakistan will now be held in virtual format (online) on Thursday, 9 June 2022. The side events including the Regulators Roundtable that were initially scheduled to take place alongside the 20th General Assembly and 40th Meeting of the Council are deferred to another date that the Secretariat will announce in due course. We are also pleased to update the timing of the 40th Meeting of the Council and 20th General Assembly as follows: 40th Meeting of the Council Time: 2:00 PM, Pakistan Time 20th General Assembly Time: 4:15 PM, Pakistan Time Participation in the General Assembly and Council meeting is by invitation only. For inquiries and registration, please email Ms. Nissa at [email protected]. Please visit www.ifsb.org for updates on the above event.The IFSB and SBP look forward to the participation of the members of the IFSB in the meetings.
In its IFSB 56th Technical Committee Meeting held on 24 March 2022, the Technical Committee of the Islamic Financial Services Board has approved the issuance of the following Exposure Drafts (ED) for public consultation; IFSB-AAOIFI Shariah Governance Framework (ED-RSGF) The Public Consultation period will be from 31 March 2022 until 23 June 2022 In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-RSGF on Wednesday, 15 June 2022 at 3.30 PM (GMT +8.00, Malaysia time). Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme. Kindly register in advance for this webinar: https://zoom.us/webinar/register/WN_cjoQmlbGT7em9LrT8u1Sog An email confirmation containing about joining the webinar will be sent after registration. Ms. Fadhila Izzati Mokhtar ([email protected]) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar. We look forward to receiving your registration for Public Hearing session as well as feedback on ED-RSGF.
The Roundtable is organised by the IFSB to discuss the Exposure Draft (ED) of the IFSB–AAOIFI Revised Sharīʻah Governance Framework for Institutions Offering Islamic Financial Services (ED RSGF), in line with the IFSB due process for the development of Standards and Guidance/Technical Notes. The aim of EDRSGF is to provide a revised set of guiding principles and rules on the key components of a sound and effective Shari`ah governance framework for IIFS. The ED RSGF applies to IIFS (including Islamic windows) in the Islamic banking, takāful (Islamic insurance) and Islamic capital market sectors. RSAs may choose to apply the standard to other IIFS in their jurisdictions. The Standard adopts a principle-plus-rule approach that provides a comprehensive set of Sharīʻah governance practices for implementing each principle. The Roundtable aims to invite selected experts, regulators and Islamic scholars to discuss the significant issues of the Guiding Principles for Sharīʻah Governance Framework of the ED RSGF with a view to soliciting constructive and practical feedback on its contents, particularly focusing on issues that require closer deliberation by key stakeholders.
In its IFSB 56th Technical Committee Meeting held on 24 March 2022, the Technical Committee of the Islamic Financial Services Board has approved the issuance of the following Exposure Drafts (ED) for public consultation; IFSB-AAOIFI Shariah Governance Framework (ED-RSGF) The Public Consultation period will be from 31 March 2022 until 23 June 2022. In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-RSGF on Monday, 20 June 2022 at 3.00 PM (GMT +8.00, Malaysia time). Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme. Kindly register in advance for this webinar: https://zoom.us/webinar/register/WN_-hjtr0fqSWii3TDF87mTZA An email confirmation containing about joining the webinar will be sent after registration. Ms. Fadhila Izzati Mokhtar ([email protected]) is the person in charge of the Public Hearing and she would be pleased to respond to any enquiries relating to the Webinar. We look forward to receiving your registration for Public Hearing session as well as feedback on ED-RSGF. Event Snapshots
