
IFSB-FIS Workshop Series (Jordan) : IFSB-1, IFSB-3, IFSB-5, IFSB-10 and GN-4.
Institute of Banking Studies Amman, JordanThis workshop is hosted by the Central Bank of Jordan and supported by the Institute of Banking Studies (IBS). This workshop will address the following IFSB Standards and Guidance Note: -IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -IFSB-3: Guiding Principles on Corporate Governance for Institutions offering only Islamic Financial Services (Excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds -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) -IFSB-10: Guiding Principles on Sharîah Governance Systems for Institutions offering Islamic Financial Services -GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for Institutions (other than Insurance Institutions) offering only Islamic Financial Services 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 17/10/2011 WORKSHOP ON ISLAMIC FINANCE : CONCEPTS, CONTRACTS AND RISK IMPLICATIONS FOR IIFS BY MR. JAMSHAID ANWAR CHATTHA WORKSHOP ON IFSB-1 : GUIDING PRINCIPLES OF RISK MANAGEMENT FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES (IIFS) BY MR. JAMSHAID ANWAR CHATTHA 09:00 - 09:30 Registration 09:30 - 09:45 Opening Session Mr. Abdelilah Belatik, Assistant Secretary-General, Islamic Financial Services Board H.E. Khouloud Saqqaf, Deputy Governor, Central Bank of Jordan 09:45 - 11:00 Session 1 Islamic Finance: Concepts, Contracts and Risk Implications for IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2 IFSB-1 : Guiding Principles of Risk Management for Institutions Offering Islamic Financial Services (IIFS) -Focus on Credit Risk -Focus on Equity Risk -Focus on Operational Risk Case Study & Discussion : -Case Study – 1: Managing Shari’ah Non-Compliance and Legal Risk in IIFS 13:00 - 14:00 Lunch 14:00 - 16:00 Session 3 IFSB-1 : Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) : -Focus on Market Risk -Focus on Liquidity Risk -Focus on Rate of Return Risk Case Studies & Discussion : -Case Study – 2: Financial Distress and Failure of Non-IIFS -Case Study – 3: Failure of an IIFS : A Risk Management Perspective Special Session on Recent Developments in Risk Management Practices and Recent Financial Crisis Day 2 18/10/2011 WORKSHOP ON IFSB-3 : GUIDING PRINCIPLES ON CORPORATE GOVERNANCE FOR INSTITUTIONS OFFERING ONLY ISLAMIC FINANCIAL SERVICES (EXCLUDING ISLAMIC INSURANCE (TAKÂFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS BY MR. ABOZER MAJZOUB WORKSHOP ON IFSB-10 : GUIDING PRINCIPLES ON SHARÎAH GOVERNANCE SYSTEMS FOR INSTITUTIONS OFFERING ISLAMIC FINANCIAL SERVICES BY MR. ABDELILAH BELATIK 09:30 - 11:00 Session 4 IFSB-3 : Guiding Principles on Corporate Governance for Institutions offering only Islamic Financial Services (Excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds : -Overview of Corporate Governance -Understanding the Motivating Factors -Defining ‘Corporate Governance’ (CG) and ‘Stakeholders’ in the Context of IIFS -Corporate Governance (CG) Issues Specific to IIFS -An Insight of the IFSB Guiding Principles of CG for IIFS -Recommendations of the IFSB-3 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5 IFSB-3 : Guiding Principles on Corporate Governance for Institutions offering only Islamic Financial Services (Excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds : Case Studies & Discussion : -Case Study – 1 -Case Study – 2 13:00 - 14:00 Lunch 14:00 - 16:00 Session 6 IFSB-10 : Guiding Principles on Sharîah Governance Systems for Institutions offering Islamic Financial Services : -Overview of Sharîah Governance Systems -General Approach to Sharîah Governance Systems -Criteria for Sound Sharîah Governance Systems -Case Study & Discussion Day 3 19/10/2011 WORKSHOP ON GN-4 : GUIDANCE NOTE IN CONNECTION WITH THE IFSB CAPITAL ADEQUACY STANDARD: THE DETERMINATION OF ALPHA IN THE CAPITAL ADEQUACY RATIO FOR INSTITUTIONS (OTHER THAN INSURANCE INSTITUTIONS) OFFERING ONLY ISLAMIC FINANCIAL SERVICES BY MR. JAMSHAID ANWAR CHATTHA WORKSHOP ON IFSB-5 : GUIDANCE ON KEY ELEMENTS IN THE SUPERVISORY REVIEW PROCESS FOR IIFS (EXCLUDING ISLAMIC INSURANCE (TAKÂFUL) INSTITUTIONS AND ISLAMIC MUTUAL FUNDS) BY MR. ABOZER MAJZOUB 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 Institutions (other than Insurance Institutions) offering only Islamic Financial Services. Case Study & Discussion : -Case Study – 1: Calculation and Determination of Alpha for CAR 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 IFSB-5 : Guidance on Key Elements in the Supervisory Review Process for IIFS (excluding Islamic Insurance (Takâful) Institutions and Islamic Mutual Funds): -Infrastructure for Effective Supervision -Regulatory Capital Requirements -Treatment of IAH -Risk Management and Corporate Governance (RM, CG, Audit and Compliance) -Related Party Transactions 13:00 - 14:00 Lunch 14:00 - 16:00 Session 9 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) : -Disclosure to Promote Transparency and Market Discipline -Consolidated and Home-host Supervision -Window Operations -Real Estate Investments -Case Analysis – 1 & Discussion -Case Analysis – 2 & Discussion 16:00 - 16:30 Closing Ceremony Dr. Riyad Hindawi, Manager, Institute of Banking Studies, Jordan Downloadable Document(s) 1.) Event Session(s) - PDF Format