FIS workshop – IFSB-23 (Revised Capital Adequacy Standard for IIFS)

Online

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

Islamic Financial Services Board (IFSB) Annual Meetings 2022: 40th Meeting of the Council, 20th General Assembly and Side Events

Online

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.

[ARABIC] – Public Hearing on IFSB-AAOIFI Revised Shariah Governance Framework (ED-RSGF)

Online

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.

IFSB Roundtable on Exposure Draft: IFSB–AAOIFI Revised Sharīʻah Governance Framework for IIFS

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.

[ENGLISH] – Public Hearing on IFSB-AAOIFI Shariah Governance Framework (ED-RSGF)

Online

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  

3rd Working Group Meeting of the Revised Guiding Principles on Corporate Governance for Institutions offering Islamic Financial Services [Banking Segment]

Online

The 3rd Working Group Meeting of the Revised Guiding Principles on Corporate Governance for Institutions offering Islamic Financial Services  is scheduled to held as follow :   Date 27 June 2022 Time 3.30 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]

Facilitating the implementation of the IFSB standards (FIS) for The Bangko Sentral Ng Pilipinas

Online

This tailor-made workshop is dedicated for the Central Bank of Philippines (Bangko Sentral Ng Philipinas) to discuss several IFSB standards and other topics related to Islamic banking, Islamic capital markets, and takaful. The 4-day workshop is supposed to cover the following topics: 1- Core principles for Islamic finance regulation. 2- Sharia-compliant lender of last resort. 3- Digital transformation in Islamic banking. 4-Industry Practices of Structuring Islamic Liquidity Instruments and Islamic Banking products. 5- Disclosure Requirements for Islamic Capital Markets (Sukuk). 6- Key Elements in the Supervisory Review Process (SRP) of Takaful/ Retakaful Undertakings. The workshop is part of the IFSB members' benefits as a tool to facilitate the implementation of IFSB standards.