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The IFSB Public Hearing on Exposure Drafts 12 and 13

Al-Ghazal 1 Room, The Ritz-Carlton, Bahrain Hotel & Spa Manama, Bahrain

The Public Hearing will cover the followings: 1) Exposure Draft 12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takaful) Institutions and Islamic Collective Investment Schemes) 2) Exposure Draft 13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services (other than Islamic Insurance (Takaful) Institutions and Islamic Collective Investment Schemes) For more information on the Public Hearing, please email to Ms. Ismawaty Ismail at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 14/12/2011 09:00 - 09:30 Registration 09:30 - 10:00 Presentation on Exposure Draft - 12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takaful) Institutions and Islamic Collective Investment Schemes) 10:00 - 10:30 Question and Answer 10:30 - 11:00 Presentation on Exposure Draft - 13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services (other than Islamic Insurance (Takaful) Institutions and Islamic Collective Investment Schemes) 11:00 - 11:30 Question and Answer Downloadable Document(s) 1.) Event Session(s) - PDF Format

Seminar on Emerging Shari`ah Issues in Regulatory Capital and Risk Management in Islamic Banking

Songket Hall 2, Level 4, Rizqun International Hotel, Gadong Bandar Sri Begawan, Brunei Darussalam

This IFSB Seminar is hosted by the Autoriti Monetari Brunei Darussalam and supported by the Centre for Islamic Banking, Finance and Management, Brunei Darussalam. This one and a half-day seminar aims to discuss Shari`ah issues emerging from the regulatory capital requirement for institutions offering Islamic financial services in light of international regulatory developments such as Basel III. In this respect, the Seminar will examine current issues relating to the utilisation of funding, sources of funds and market practices on the management of risks, and their impacts to the capital regulatory requirement. For more information on the Seminar, please email to Ms. Puteri at [email protected] Programme - Event Session(s) Date Time Topics Day 1 17/01/2012 08:30 - 09:30 Registration 09:30 - 10:30 Opening and Welcoming Remarks 10:30 - 11:00 Coffee break & Networking 11:00 - 12:30 Session 1 : Regulatory Capital This session aims to address relevant Sharī`ah issues in stipulating the regulatory capital for Islamic banks, especially in the backdrop of international regulatory developments such as Basel III. 12:30 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 2: Credit and Equity Investment Risks This session will discuss the pertinent Sharī`ah and prudential issues in managing credit risk by Islamic banks 15:30 - 17:00 Session 3: Market and Operational Risks This session will examine current and emerging market practices as well as regulatory considerations in the management of market and operational risks by Islamic banks Day 2 18/01/2012 09:30 - 10:00 Morning Coffee and Networking 10:00 - 11:30 Session 4: Profit-Sharing Investment Accounts (PSIA) and Sharī`ah-compliant Deposits This session aims to highlight Sharī`ah and regulatory considerations arising out of PSIA and other types of deposit schemes offered by Islamic banks 11:30 - 13:00 Session 5: Panel Discussion on Contemporary Sharī`ah Issues in Light of the Rapid Industry Development and Dynamic Regulatory Framework 13:00 - 14:30 Lunch END OF SEMINAR Downloadable Document(s) 1.) Event Session(s) - PDF Format

Workshop on Islamic Finance

Room CIV (2nd floor Eurotower), European Central Bank Frankfurt, Germany

This Workshop is hosted by the European Central Bank and participation in this Workshop is by Invitation only. For more information, please email to Ms. Yazmin Aziz at [email protected] Programme - Event Session(s) Date Time Topics Day 1 26/01/2012 14:00 - 14:30 Registration 14:30 - 14:50 Opening & Keynote Session 14:50 - 15:40 Session 1 : Overview of Islamic Finance: Banking, Capital Markets and Takāful in the run-up to the crisis 15:40 - 16:00 Coffee and Networking Break 16:00 - 17:00 Session 2: Empirical Evidence on the Impact of Islamic Banking on Financial Stability 17:00 - 17:40 Session 3: Islamic Finance and the Financial Crisis : Lessons for the Interaction with Traditional Western Finance 17:40 - 18:00 Coffee & Networking Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Hotels In Frankfurt

IFSB FIS Workshop Series (Maldives) : IFSB-6, IFSB-7, IFSB-9 and IFSB-10

Islamic Centre Hall, Ministry of Islamic Affairs Male, Maldives

This Workshop has been postponed to a later date. Programme - Event Session(s) Date Time Topics Day 1 22/02/2012 09:00 - 09:30 Registration 09:30 - 09:50 Opening Session 09:50 - 11:15 Session 1: Introduction to Islamic Capital Market Concept and contracts in Islamic Finance Overview of key Islamic capital market products - Sukūk - Sharī`ah compliant stocks and indexes - Islamic collective investment schemes 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2: IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisation and Real Estate Investment Overview of prudential issues in sukūk instruments 13:00 - 14:00 Lunch & Prayer 14:00 - 15:30 Session 3: IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisation and Real Estate Investment Prudential issues in sukūk instruments (case study) 15:30 - 16:00 Coffee Break 16:00 - 17:00 Session 4: IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes Day 2 23/02/2012 09:30 - 11:00 Session 5: IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes Recommended best practices and case studies 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 6: IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services 13:00 - 14:00 Lunch & Prayer 14:00 - 15:30 Session 7: IFSB-10: Guiding Principles on Sharī`ah Governance System for Institutions Offering Islamic Financial Services 15:30 - 16:00 Coffee Break 16:00 - 17:00 Session 8: IFSB-10: Guiding Principles on Sharī`ah Governance System for Institutions Offering Islamic Financial Services Case studies 17:00 - 17:30 Closing Ceremony Downloadable Document(s) 1.) Event Session(s) - PDF Format

IFSB-FIS Workshops on the IFSB Standards for Institutions offering Islamic Financial Services

Meeting Room 2, Level 4, Lanai Kijang, Bank Negara Malaysia kuala lumpur, Malaysia

This Workshop is hosted by Bank Negara Malaysia. This Workshop will address the following IFSB Standards and Guidance Principles: IFSB-3: Guiding Principles on Corporate Governance for Institutions Offering only Islamic Financial Services (Excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds IFSB-4: Disclosures to Promote Transparency and Market Discipline for Institutions Offering Islamic Financial Services (excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering 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 07/03/2012 09:00 - 09:30 Registration 09:30 - 09:45 Welcoming Remark 09:45 - 11:00 Session 1 - IFSB-3: Guiding Principles on Corporate Governance for Institutions Offering only Islamic Financial Services (Excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) (IIFS) Overview of IFSB-3: Guiding Principles on Corporate Governance for IIFS Understanding the motivating factors Defining ‘corporate governance’ and ‘stakeholders’ in the context of IIFS Corporate governance issues specific to IIFS 11:00 - 11:15 Coffee Break 11:15 - 13:00 Session 2 - IFSB-3: Guiding Principles on Corporate Governance for Institutions Offering only Islamic Financial Services (Excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) (IIFS) Recommendations of IFSB-3: Guiding Principles on Corporate Governance for IIFS Case Studies on IFSB-3: Guiding Principles on Corporate Governance for IIFS 13:00 - 14:00 Lunch & Prayer 14:00 - 15:30 Session 3 - IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions offering Islamic Financial Services (IIFS) Overview of IFSB-10: Sharī`ah Governance Systems for IIFS General Approach to Sharī`ah Governance Systems for IIFS Criteria for sound Sharī`ah Governance Systems for IIFS 15:30 - 15:45 Coffee Break 15:45 - 17:00 Session 4 - IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services (IIFS) Case Studies on IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS Day 2 08/03/2012 09:30 - 11:00 Session 5 - IFSB-4: Disclosures to Promote Transparency and Market Discipline for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) (IIFS) Overview of IFSB-4: Disclosures to Promote Transparency and Market Discipline (TMD) for IIFS IFSB-4 Necessary Conditions for Effective TMD IFSB-4 Recommended Disclosures for IIFS 11:00 - 11:15 Coffee Break 11:15 - 13:00 Session 6 - IFSB-4: Disclosures to Promote Transparency and Market Discipline for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) (IIFS) IFSB-4 Recommended Disclosures for IIFS (Cont’d) IFSB-4 Implementation Issues and Challenges Case Studies on IFSB-4: Disclosures to Promote TMD for IIFS 13:00 - 14:00 Lunch & Prayer 14:00 - 15:30 Session 7 - IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services (IIFS) An Insight into IFSB-9: Guiding Principles on Conduct of Business for IIFS 15:30 - 15:45 Coffee Break 15:45 - 17:00 Session 8 - IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services (IIFS) Case Studies on IFSB-9: Guiding Principles on Conduct of Business for IIFS 17:00 - 17:15 Closing Ceremony Downloadable Document(s) 1.) Event Session(s) - PDF Format

IFSB Annual Meetings & Events 2012 (Seminar on Hedging & Credit Enhancement in Islamic Finance)

Al Ghazal 1, The Ritz-Carlton Hotel, Manama Manama, Bahrain

The Seminar on Hedging and Credit Enhancement in Islamic Finance is jointly organised by the Islamic Financial Services Board (IFSB) and the International Islamic Financial Market (IIFM). Both the Seminar and Public Lecture will be held in conjunction with the 20th meeting of the Council and 10th General Assembly of the IFSB, hosted by the Central Bank of Bahrain. Programme - Event Session(s) Date Time Topics Day 1 28/03/2012 SEMINAR ON HEDGING AND CREDIT ENHANCEMENT IN ISLAMIC CAPITAL MARKETS (ICM) PRODUCTS AND SERVICES 5TH PUBLIC LECTURE ON FINANCIAL POLICY AND STABILITY 09:00 - 09:30 Registration 09:30 - 10:00 Opening & Welcoming Addresses 10:00 - 11:00 Session 1 : Credit Enhancement in Islamic Capital Markets (ICM) Products and Services Various Sharῑ`ah-compliant credit enhancement mechanisms used in ICM products and services Credit Rating: How the different types of credit enhancement affects the credit rating of Sukūk 11:00 - 11:30 Coffee and Networking Break 11:30 - 12:30 Session 2 : Overview of Sharῑ `ah-Compliant Alternative Instruments to Hedging Mechanism Recent developments in hedging in the Islamic Financial Services Industry Sharῑ `ah-compliant alternatives to hedging tools: Features, Structures, Risks and Underlying Contracts Application of hedging mechanism in Islamic Capital Markets 12:30 - 13:30 Session 3 : Panel Discussion on Regulatory, Legal and Sharῑ `ah Issues in Sharῑ `ah-compliant alternatives to Hedging and Collateralisation Unresolved Sharῑ `ah and legal issues in hedging and collateral arrangements Emerging regulatory challenges of hedging and collateralisation in light of Basel III The way forward of such alternatives in light of current regulatory development 13:30 - 14:30 Lunch & Prayers Downloadable Document(s) 1.) Event Session(s) - PDF Format

5th Islamic Financial Stability Forum : Effective Crisis Management and Resolution Framework

Manama Manama, Bahrain, Bahrain

The IFSB organised its 5th Islamic Financial Stability Forum (5th IFSF) on 29 March 2012, in Manama, Bahrain. The 5th IFSF was held in conjunction with the 20th Council Meeting of the IFSB, hosted by the Central Bank of Bahrain. Programme - Event Session(s) Date Time Topics Day 1 29/03/2012 14:00 - 14:30 Registration 14:30 - 14:40 Opening Remarks H.E. Rasheed Al Maraj, Governor, Central Bank of Bahrain 14:40 - 15:20 Session 1 : Framework for Effective Insolvency Regimes for the Islamic Financial Services Industry Effective insolvency regimes and the implications for Islamic finance Regulatory, Sharī`ah and legal issues on insolvency regimes for the institutions offering Islamic financial services (IIFS) Cross-border and cross-sectoral issues and the need for coordination among regulatory and supervisory authorities for effective resolution Speaker: Mr. Vijay Srinivas Tata, Chief Counsel, Finance, Private Sector and Infrastructure, The World Bank Discussant: Mr. Inayat Hussain, Executive Director, State Bank of Pakistan 15:20 - 16:00 Session 2: Crisis Management in the Islamic Financial Services Industry Sharing experiences on managing crisis during financial turmoil Cross-border issues in crisis management from the Islamic finance perspective Impediments for effective crisis management in the Islamic financial services industry Speaker: Mr. Paul M. Koster, Chief Executive Officer, Dubai Financial Services Authority, UAE Discussant: H.E. Dr. Zeti Akhtar Aziz, Governor, Bank Negara Malaysia 16:00 - 16:20 Coffee and Networking Break Downloadable Document(s) 1.) Event Session(s) - PDF Format

IFSB FIS Workshop Series (Nigeria): IFSB-4, IFSB-5, IFSB-7, GN-2.

- Bali, Indonesia

This Workshop is hosted by the Central Bank of Nigeria (CBN). These Workshops will cover the following IFSB Standards and Guiding Principles: •IFSB-1: Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offering only Islamic Financial Services •IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) •IFSB-4: Disclosures to Promote Transparency and Market Discipline for Institutions offering 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-7: Capital Adequacy Requirements for Sukûk, Securitisations and Real Estate investment •GN-2: Guidance Note in Connection with the Risk Management and Capital Adequacy Standards: Commodity Murâbahah Transactions Participation in these Workshops are by INVITATION only. For more information on these Workshops, please email to Mrs. Azizakhon Yarlaeva at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 16/04/2012 IFSB-FIS WORKSHOP DAY ONE 09:00 - 09:30 Registration 09:30 - 09:50 Opening Session 09:50 - 11:15 Session 1 IFSB-1: Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offering only Islamic Financial Services -Overview on IFSB-1 Guiding Principles on Risk Management for IIFS -Focus on Credit Risk & Supervisory Perspective -Group Exercise 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 2 IFSB-1: Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offering only Islamic Financial Services - Focus on Equity Investment Risk & Supervisory Perspective - Focus on Operational Risk & Supervisory Perspective -Group Exercises 13:00 - 14:00 Lunch & Prayers 14:00 - 16:00 Session 3 IFSB-1: Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offering only Islamic Financial Services -Focus on Market Risk & Supervisory Perspective -Focus on Liquidity Risk & Supervisory Perspective -Focus on Rate of Return Risk & Supervisory Perspective -Intensive Case Studies 16:00 - 16:30 Coffee Break Day 2 17/04/2012 IFSB-FIS WORKSHOP DAY TWO 09:30 - 11:15 Session 4 IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -Basel vs IFSB Capital Adequacy Framework -An overview of IFSB-2: Capital Adequacy Standard for IIFS -Measurement of Capital Adequacy Requirements for Credit Risk -Credit Risk Mitigation -Examples and Group Exercise 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 5 IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -Measurement of Capital Adequacy Requirements for Credit Risk (Cont'd) -Measurement of Capital Adequacy Requirements for Market Risk -Group Exercise -Group Discussion on Regulatory Approaches for Applying Risk Weights on Profit Sharing Modes 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 6 IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -Measurement of Capital Adequacy Requirements for Operational Risk -Individual Exercise -Capital Adequacy Requirements for Islamic Financing Instruments 16:00 - 16:30 Coffee Break Day 3 18/04/2012 IFSB-FIS WORKSHOP DAY THREE 09:30 - 11:00 Session 7 IFSB-2: Capital Adequacy Standard for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS) -Comprehensive Case Study on Capital Adequacy for IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 8 GN-2: Guidance Note in Connection with the Risk Management and Capital Adequacy Standards: Commodity Murâbahah Transactions -Case Study on Commodity Murâbahah Transactions and implications for IIFS and Supervisors 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 9 IFSB-7: Capital Adequacy Requirements for Sukūk & Securitisations and Real Estate Investments 16:00 - 16:30 Coffee Break Day 4 19/04/2012 IFSB-FIS WORKSHOP DAY FOUR 09:30 - 11:00 Session 10 IFSB-7: Capital Adequacy Requirements for Sukūk & Securitisations and Real Estate Investments -Capital Requirements for Sukūk & Securitisations and Real Estate (Cont'd) 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 11 IFSB-7: Capital Adequacy Requirements for Sukūk & Securitisations and Real Estate Investments -Case Study for Sukūk and Securitisation 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 12 IFSB-4: Disclosures to Promote Transparency and Market Discipline for Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takāful) Institutions and Islamic Mutual Funds) -Recommended Disclosures for IIFS 16:00 - 16:30 Coffee Break Day 5 20/04/2012 IFSB-FIS WORKSHOP DAY FIVE 09:30 - 11:00 Session 13 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) -Necessary Conditions for Effective Supervision -Capital adequacy, Risk Management and Corporate Governance -Related Party Transaction -Consolidated Home - Host Supervision -Supervisory Issues in Real Estate Investments -Supervisory Issues in Islamic Windows 11:00 - 11:30 Coffee Break 11:30 - 12:00 Session 14 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) -Case Studies for IFSB-5 -Discussion and Q&A Session 12:00 - 12:15 Closing Ceremony 12:15 - 14:30 Lunch & Jumaat Prayers Downloadable Document(s) 1.) Event Session(s) - PDF Format

9th Islamic Financial Services Board Summit – Global Financial Reforms: The Changing Regulatory Model and Islamic Finance

Swissôtel The Bosphorus, Istanbul Istanbul, Turkey

The Central Bank of the Republic of Turkey will be hosting the 9th Islamic Financial Services Board Summit 2012. * More information will be uploaded in due course. * For sponsorship opportunities, please contact [email protected] Programme - Event Session(s) Date Time Topics Day 1 15/05/2012 PRE-SUMMIT EVENTS IFSB COUNTRY SHOWCASES SPECIAL SESSION ON ISLAMIC MICROFINANCE 09:00 - 11:30 IFSB Country Showcase 1 - TURKEY 11:00 - 13:30 IFSB Country Showcase 2 - MALAYSIA 14:00 - 17:30 Special Session on Promoting Financial Inclusion through Islamic Microfinance 17:00 - 18:00 Summit Pre-Registration 19:00 - 21:30 Summit Welcome Reception Day 2 16/05/2012 9TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT (DAY 1) 08:30 - 09:30 Registration 09:30 - 10:30 Opening and Keynote Session 10:30 - 11:00 Coffee break & Networking 11:00 - 12:30 Session 1: International Regulatory Initiatives to Enhance Global Financial Stability Objective of the session: To provide a backdrop against which the Summit discussion will ensue by highlighting current and recent international regulatory develop. Among the issues to be discussed are: Existing initiatives and developments by international standard-setting bodies, and international intergovernmental organisations Islamic finance and the global convergence of financial reporting Role of rating agencies in enhancing global financial stability 12:30 - 14:00 Lunch and Prayers 14:00 - 15:30 Session 2: Impact of International Regulatory Initiatives on the Islamic Financial Services Industry Objective of the session: To discuss if, and how, the recent international regulatory initiatives have impacted on the stability, development and growth of the Islamic financial services industry. Among the issues to be discussed are: Clarity and provision of level playing field in the dual financial systems Issues and challenges of implementing Islamic finance in secular/non-shariah jurisdictions Differential impact on the market segments Emerging liquidity and risk management issues 15:30 - 16:00 Coffee break & Networking 16:00 - 17:30 Session 3: Regulatory Harmonisation and Cross-border Linkages in Islamic Finance Objective of the session: To discuss and gain understanding on the challenges of fostering cross-border linkages between the financial and real sectors. Among the issues to be discussed are: Islamic financial instruments such as Sukuk as tools to foster linkages Legal, regulatory, rating and Shari`ah challenges in cross-border linkages Case study/ies 19:00 - 21:30 Gala Dinner (Hosted by the Central Bank of the Republic of Turkey) Day 3 17/05/2012 9TH ISLAMIC FINANCIAL SERVICES BOARD SUMMIT (DAY 2) 09:00 - 10:30 Session 4: Global Financial Infrastructure of Islamic Finance Objective of the session: To review the existing infrastructure and building blocks of Islamic finance in strengthening the stability and resilience of the industry. Among the issues to be discussed are: Mobilising a stronger international cooperation Prospects for central bank cross-border liquidity provision Challenges in emerging economies Financial reporting, transparency and market discipline 10:30 - 11:00 Coffee break & Networking 11:00 - 12:30 Session 5: Panel Discussion - Global Regulatory Reform and the Prospects for the Islamic Financial Services Industry Objective of the session: To bring together panellists from differing backgrounds and viewpoints to discuss the global regulatory reforms, their challenges and opportunities, in the context of their organisational roles, as well as future prospects of the industry. 12:30 - 14:00 Lunch (End of Summit) Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Summit Brochure

IFSB-FIS Workshops for Regulatory and Supervisory Authorities of the IFSB Member Countries for the Islamic Capital Market and Takaful Sectors

Sasana Kijang, Bank Negara Malaysia Kuala Lumpur, Malaysia

These Workshops will address the following IFSB Standards and Guidance Principles: • IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes • IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisation and Real Estate Investment • IFSB-8: Guiding Principles on Governance for Takāful (Islamic Insurance) Undertakings • IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services • IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services • IFSB-11: Standard on Solvency Requirements for Takāful (Islamic Insurance) Undertakings Participation in these Workshops are by INVITATION only. For more information on these Workshops, please email to Mrs. Azizakhon Yarlaeva at [email protected]. Downloadable Document(s) 1.) FIS Workshop programme - Islamic Capital Market 2.) FIS Workshop programme - Takaful

IFSB FIS-Workshop on Islamic Capital Markets

Sofitel Imperial Resort & Spa , Mauritius

This Workshop is hosted by the Financial Services Commission Mauritius (FSC). The Workshop will cover the following IFSB Standards and Guiding Principles: • IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes • IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate Investment • IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services • IFSB-10: Guiding Principles on Sharī’ah Governance System for Institutions Offering Islamic Financial Services Participation in the Workshop is BY INVITATION only. For more information on the Workshop, please email to Mrs. Azizakhon Yarlaeva at [email protected] Programme - Event Session(s) Date Time Topics Day 1 04/06/2012 IFSB-FIS WORKSHOP DAY ONE 08:30 - 09:00 Registration 09:00 - 09:05 Welcome Remarks 09:05 - 09:20 Opening Remarks by IFSB Representative 09:20 - 09:35 Opening Remarks by Chief Executive of the FSC Mauritius 09:35 - 11:00 Session 1 Public Talk - Islamic Finance Perspectives in Africa 11:00 - 11:30 Coffee Break 11:30 - 12:30 Session 2 Introduction to Islamic Capital Markets - Concept and contracts in Islamic Finance - Overview of Islamic Capital Markets - Sharī’ah-compliant Stocks and Equities - Islamic Collective Investment Schemes - Sukūk 12:30 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 3 IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate Investment - Sukūk and Securitization - Considerations for holders of Sukūk - Consideration for originators and servicer etc. 16:00 - 16:30 Coffee Break Day 2 05/06/2012 IFSB-FIS WORKSHOP DAY TWO 09:30 - 11:00 Session 4 IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate investment - Case study - Experience sharing session by Sudan Financial Services Company 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 5 IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes - Definition of Islamic Collective Investment Schemes (ICIS) - Motivating factors - Guiding principles and recommended best practices 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 6 IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes - Guiding principles and recommended best practices - Case study 16:00 - 16:30 Coffee Break Day 3 06/06/2012 IFSB-FIS WORKSHOP DAY THREE 09:30 - 11:15 Session 7 IFSB-9: Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services - Islamic perspective on conduct of business - Conduct of business and financial stability - IFSB recommendations on conduct of business - Experience sharing session by Central Bank of Sudan 11:15 - 11:30 Coffee Break 11:30 - 13:00 Session 8 IFSB-10: Guiding Principles on Sharī’ah Governance System for Institutions Offering Islamic Financial Services - General governance approach to Sharī’ah governance system - Requirements on Sharī’ah governance system - Experience Sharing Session by Central Bank of Pakistan 13:00 - 13:15 Closing Ceremony 13:15 - 14:00 Lunch 15:30 - 19:00 Organised Tour Downloadable Document(s) 1.) Event Session(s) - PDF Format

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

- Bali, Indonesia

This Workshops are hosted by the Financial Supervisory Services of Korea (FSS). This Workshops will cover the following IFSB Standards and Guiding Principles: • Introduction to Islamic Finance • Introduction to Islamic Capital Market • IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes • IFSB-7: Capital Adequacy Requirements for Sukūk Securitisations and Real Estate Investment • IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services Participation in the Workshops is BY INVITATION only. For more information on the Workshop, please email to Mrs. Azizakhon Yarlaeva at [email protected] Programme - Event Session(s) Date Time Topics Day 1 18/06/2012 IFSB-FIS WORKSHOP DAY ONE 09:00 - 09:15 Registration 09:15 - 09:30 Opening Session 09:30 - 10:45 Session 1 Introduction to Islamic Finance: - Concept and contracts in Islamic Finance - Specificities of Islamic Finance 10:45 - 11:00 Coffee Break 11:00 - 12:15 Session 2 Introduction to Islamic Finance (Cont’d) - Islamic Banking Operations and Products - Takāful Models 12:15 - 13:30 Lunch 13:30 - 15:00 Session 3 Introduction to Islamic Capital Markets - Overview of Islamic Capital Market (ICM) - Key Products: Sukūk, Stocks and Indexes, Islamic Collective Investment Scheme 15:00 - 15:30 Coffee Break 15:30 - 17:00 Session 4 IFSB-10: Guiding Principles on Sharī`ah Governance Systems for Institutions Offering Islamic Financial Services Day 2 19/06/2012 IFSB-FIS WORKSHOP DAY TWO 09:00 - 10:30 Session 5 IFSB-7: Capital Adequacy Requirements for Sukūk Securitisations and Real Estate Investment 10:30 - 10:45 Coffee Break 10:45 - 12:15 Session 6 IFSB-7: Capital Adequacy Requirements for Sukūk, Securitisations and Real Estate Investment (Cont’d) 12:15 - 13:30 Lunch 13:30 - 15:00 Session 7 IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes 15:00 - 15:30 Coffee Break 15:30 - 17:00 Session 8 IFSB-6: Guiding Principles on Governance for Islamic Collective Investment Schemes (Cont’d) 17:00 - 17:15 Closing Ceremony Downloadable Document(s) 1.) Event Session(s) - PDF Format

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