Islamic Financial Services Board

Webinar for the Public Hearing on ED-24 : Guiding Principles on Investor Protection in Islamic Capital Markets
2020-04-20 | Kuala Lumpur, Kuala Lumpur, Malaysia, Malaysia
Event Detail

Category
:
Awareness Programme

Name
:
[EVE00428] Webinar for the Public Hearing on ED-24 : Guiding Principles on Investor Protection in Islamic Capital Markets

Description
:

In its 50th meeting held on 18 March 2020, the Technical Committee of the Islamic Financial Services Board (IFSB) has approved the issuance of approved the issuance of the following Exposure Draft (ED):

Guiding Principles on Investor Protection in Islamic Capital Markets (ED-24)

The Public Consultation will be for a period of 2 months, starting from 24 March 2020 until 24 May 2020.

In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-24 on 20 April 2020. Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme.

Register in advance for this webinar:

https://zoom.us/webinar/register/WN_IXcpzX2CQZGwzKfSE_pamA

The confirmation email containing information about joining the webinar will be sent after registration.

IFSB-FIS E-Workshop : Financial Inclusion and Islamic Finances From IFSB Technical Note Perspective-TN-3
2020-04-21 16:30 - 17:30 UTC | MALAYSIA, Malaysia, Malaysia, Malaysia
E-FIS-WORKSHOP

Topic: Financial inclusion and Islamic finances from IFSB’s Technical note perspective – TN-3.

Date : 21.04.2020
Time : 4:30 – 5:30 pm (Malaysia Time)
Duration : 1 hour
Audience : IFSB members only
Capacity : Limited Participants Registration

The first e-workshop to be held by IFSB in 2020 will be on 21 of April (Tuesday).

This e-workshop will cover a cross-sector topic on financial inclusion and Islamic finance from IFSB’s Technical note perspective – TN-3.

TN-3 was developed to provide guidance on good practices in regulating the financial sector to enhance financial inclusion through Islamic finance, while also considering proportionality in balancing the benefits of regulation and supervision against the risks and costs. TN-3 underscores the importance of financial inclusion, due to its intricate connection with economic growth, shared prosperity and poverty reduction, while furthering an understanding of how financial inclusion policies and regulatory initiatives can support Islamic microfinance/ savings/ investment activities.

13th Meeting of the Task Force on Prudential and Structural Islamic Financial Indicators (PSIFIs)
2020-04-22 14:30 - 18:30 (Asia/Kuala_Lumpur) | Online (webinar), Kuala Lumpur, Malaysia
The 13th Meeting of the Task Force on Prudential and Structural Islamic Financial Indicators (PSIFIs) is scheduled to be held via online (webinar) as follows:

Date
22 April 2020

Time
2:30PM – 6:30PM (Malaysian time)

Participation in the meeting is by INVITATION only. The webinar link will be provided to Task Force members via email. For more information please email to khairun.nissa@ifsb.org

Event Snapshots

3rd Meeting of the Executive Committee
2020-04-29 16:30 - 19:00 (Asia/Kuala_Lumpur) | Online (webinar), Kuala Lumpur, Malaysia
The 3rd Meeting of the Executive Committee of the IFSB is scheduled to be held via online (webinar) as follows:

Date
29 April 2020

Time
4:30PM – 7:00PM (Malaysian time)

Participation in the meeting is by invitation only. Webinar link will be provided to EC members via email. For more information please email to khairun.nissa@ifsb.org

Webinar for the Public Hearing on ED-24: Guiding Principles on Investor Protection in Islamic Capital Markets
2020-05-06 | Kuala Lumpur, Kuala Lumpur, Malaysia, Malaysia
In its 50th meeting held on 18 March 2020, the Technical Committee of the Islamic Financial Services Board (IFSB) has approved the issuance of approved the issuance of the following Exposure Draft (ED):

Guiding Principles on Investor Protection in Islamic Capital Markets (ED-24)

The Public Consultation will be for a period of 2 months, starting from 24 March 2020 until 24 May 2020.

In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-24 on 20 April 2020. Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme.

Register in advance for this webinar:

https://zoom.us/webinar/register/WN_K8sGFUlESlOElN9xI8nCtQ

The confirmation email containing information about joining the webinar will be sent after registration.

Webinar for the Public Hearing on ED-25 : Disclosures to Promote Transparency and Market Discipline for Takaful/Retakaful Undertakings
2020-05-06 | Kuala Lumpur, Kuala Lumpur, Malaysia, Malaysia
In its 50th meeting held on 18 March 2020, the Technical Committee of the Islamic Financial Services Board (IFSB) has approved the issuance of approved the issuance of the following Exposure Draft (ED):

Disclosures to Promote Transparency and Market Discipline for Tak?ful/Retak?ful Undertakings (ED-25)

The Public Consultation will be for a period of 2 months, starting from 25 March 2020 until 24 May 2020.
In conjunction to the above, the IFSB will be organising a Webinar for the Public Hearing on the ED-24 on 20 April 2020. Therefore, the IFSB would like to invite all members, stakeholders and interested parties to attend the above programme.
Register in advance for this webinar:
https://zoom.us/webinar/register/WN_oK4YANa2Q42sOpiNA2r4Iw
The confirmation email containing information about joining the webinar will be sent after registration.

3rd Joint Working Group Meeting on the Revised Shariah Governance Framework Standard
2020-05-12 | Online (webinar), Kuala Lumpur, Malaysia
The 3rd Joint Working Group Meeting on Revised Shari’ah Governance Framework Standard is scheduled to be held as follow :

Date
12 May 2020

Time
2.00 PM (Malaysian time)

Venue
Online (webinar)

Participation in the meeting is by INVITATION only. For more information please email to: fadhila@ifsb.org

Event Snapshots

IFSB-FIS E-Workshop Series: Corporate Governance for Institutions offering only Islamic Financial Services (IIFS) (IFSB-3)
2020-06-18 | Kuala Lumpur, Kuala Lumpur, Malaysia, Malaysia
Date
:
18 June 2020 (Thursday)

Time
:
4:30 – 5:30 pm (MYT)

Sector
:
Islamic banking

Topics
:
Corporate Governance for Institutions offering only Islamic Financial Services (IIFS) (IFSB-3)

Despite a very rapid development of Islamic finance worldwide, it should not be forgotten that in many countries Islamic financial services industry is still in its infancy. To be able to successfully meet all challenges that Islamic finance services industry faces, it needs to have comprehensive regulation and supervision, risk management and corporate governance frameworks.

With this e-workshop session, IFSB Secretariat would like to address one of the most crucial aspects of IIFS – a Corporate Governance.

Our facilitator will indroduce you to guiding principles of prudential requirement in the area of Corporate Governance. IFSB’s Guiding Principles are designed to facilitate IIFS in identifying areas where appropriate governance structures and processes are required, and to recommend best practices in addressing these issues.

During the session, you will get understanding on issues of Corporate Governance specific to IIFS, the Geveranl Governance Approach from IFSB-3 standards perspective and how IIFS shall acknowledge rights of Investment Account Holders.

The session will also clarify how compliance with Shariah rules and principles is an itegral part of Corporate Governance for IIFS.

**REGISTRATION IS OPEN TO MEMBERS ONLY**

5th Meeting of the Technical Note on Recovery and Resolution Plan for Institutions offering Islamic Financial Services (IIFS)
2020-06-23 | Online (webinar), Kuala Lumpur, Malaysia
The 5th Meeting of the Technical Note on Recovery and Resolution Plan for Institutions offering Islamic Financial Services (IIFS) is scheduled to be held as follow:

Date
23 June 2020

Time
4.00 PM (Malaysia time)

Venue
via web conference / webinar

Participation in the meeting is by invitation only. For more information please email to: fadhila@ifsb.org

Event Snapshots

6th Working Group Meeting on The Investor Protection Islamic Capital Market
2020-06-24 | Online (webinar), Kuala Lumpur, Malaysia
The 6th Working Group Meeting on The Investor Protection Islamic Capital Market is scheduled to be held as follow:

Date
24 June 2020

Time
2.00 PM (Malaysia time)

Venue
via web conference / webinar

Participation in the meeting is by INVITATION only. For more information please email to: fadhila@ifsb.org

Event Snapshots

2nd Working Group Meeting on Core Principles for Islamic Finance Regulation (Financial Market Infrastructures)
2020-06-25 | Online (webinar), Kuala Lumpur, Malaysia
The 2nd Meeting of Working Group on Core Principles for Islamic Finance Regulation (Financial Market Infrastructures) is scheduled to held as follow :

Date
25 June 2020

Time
2.00 PM (Malaysia time)

Venue
via web conference / webinar

Participation in the meeting is by INVITATION only. For more information please email to: fadhila@ifsb.org

7th Meeting of the Working Group on Disclosure to Promote Transparency and Market Discipline for Takaful / Retakaful Undertakings
2020-06-29 | Online (webinar), Kuala Lumpur, Malaysia
The 7th Meeting of the Working Group on Disclosure to Promote Transparency and Market Discipline for Takaful / Retakaful Undertakings is scheduled to be held as follow:

Date
29 June 2020

Time
2.00 PM (Malaysia time)

Venue
via web conference / webinar

Participation in the meeting is by INVITATION only. For more information please email to: fadhila@ifsb.org

IFSB Online Executive Programme - COVID-19 and Implications on Institutions offering Islamic Financial Services (IIFS)
2020-07-07 14:30 - 17:50 UTC | Kuala Lumpur, Kuala Lumpur, Malaysia, Malaysia
The COVID-19 pandemic has been an unprecedented and major disruptive event for the global economy. The measures taken to contain the pandemic has triggered a major global downturn, but the full impact and scale of risks facing the financial system remain uncertain as the situation evolves.

Along with the rest of the financial system, Institutions offering Islamic Financial Services (IIFS) are likely to face both immediate and future challenges. It raises number of pertinent questions for regulators supervising IIFS and for IIFS themselves regarding whether there are any Islamic finance specificities that create specific implications, risks or challenges which require a different regulatory or supervisory approach from that of conventional financial institutions. Additionally, while governments, central banks, regulators, and international organisations have moved rapidly to address the immediate effects of COVID-19, questions remain on how policy should continue to evolve to preserve financial stability and address the potential medium and longer term effects of COVID-19 on the financial system, and what these might be for the IIFS. This executive programme aims to try and answer some of these crucial questions and to encourage discussion, debate and sharing of country challenges, experiences and policy approaches.

• To discuss the impact of COVID-19 on the global financial system and global economy and its implications for the overall risk environment of IIFS
• To discuss the implications of COVID-19 for IIFS and identify specific risk factors that might arise in relation to specificities of IIFS
• To discuss the areas where regulatory responses may be needed to address the impact of COVID-19 to ensure the resilience and stability of IIFS and the various approaches that are being taken by different regulators

The details of the Executive Programe are as follow:

Date: 7 July 2020

Time: 14:30 – 17:50 (Malaysia time)

Venue: via web conference/webinar
*****This Executive Programme is free for all categories of IFSB members. For Non-Members a participation fee of USD100 will be applicable*****
For registration and enquiries, please email Mrs. Ida Shafinaz Ab. Malek at ida.shafinaz@ifsb.org

Impact and Consistency Assessment Programme (ICAP) ONLINE MEETING
2020-07-07 15:30 - 17:40 (Asia/Kuala_Lumpur) | MALAYSIA, Malaysia, Malaysia, Malaysia
1st TASK FORCE MEETING

Date
7 July 2020

Time
3:30 PM- 5:40 PM Kuala Lumpur Time

Venue
ONLINE

Event Snapshots

IFSB-FIS E-Workshop Series : Sukuk: Disclosures and Shariah Compliance Requirements (IFSB-19)
2020-07-16 16:30 - 17:30 UTC
Date
:
16 July 2020 (Thursday)

Time
:
4:30 – 5:30 pm (MYT)

Sector
:
Islamic Capital Market

Topics
:
Sukuk: Disclosures and Shariah Compliance Requirements (IFSB-19)

Overview

Sukuk is one of the fastest growing segment of Islamic Capital Market (ICM) and attracts global investors due to its unique structure and features.

With this e-workshop session, IFSB Secretariat would like to bring an understanding on Sukuk as an ICM instrument and its Shariah related requirements, as well as highlight the importance of adequate information which enables investors to make informed decisions, especially in Shariah-related areas. Moreover, facilitator at this session will provide core principles of Sukuk disclosures as a basis of sound regulation in order to develop ICM at greater levels of integrity and transparency.
**REGISTRATION IS OPEN TO MEMBERS ONLY**

5th Working Group Meeting on Core Principles for Islamic Finance Regulation (Takaful Segment)
2020-07-23 | Online (webinar), Kuala Lumpur, Malaysia
The 5th Working Group Meeting on Core Principles for Islamic Finance Regulation (Takaful Segment) is scheduled to be held as follow :

Date
23 July 2020

Time
3.00 PM (KL time)

Venue
Web-conference / webinar

Participation in the meeting is by INVITATION only. For more information, please email to fadhila@ifsb.org.

IFSB Regulatory and Supervisory Authorities Forum on Covid-19
2020-07-28 08:00 - 17:00 UTC
IFSB REGULATORY AND SUPERVISORY AUTHORITIES FORUM ON COVID-19

28 July 2020

TITLE
:
COVID-19 AND THE ISLAMIC FINANCIAL SERVICES INDUSTRY: POLICY IMPLICATIONS AND REGULATORY CHALLENGES

Type
:
Online Forum

Target Audience
:
Member Regulatory and Supervisory Authorities (RSAs) of the IFSB

Duration
:
15:00 – 17:30 (MYT)

Program Overview
:
The outbreak of Covid-19 and the ensuing geographical lockdowns and movement restrictions in several jurisdictions have led governments and regulatory and supervisory authorities (RSAs) to introduce measures, conventional and non-conventional, to alleviate the resulting financial and economic impact on consumers as well as financial institutions. Policy responses targeted to the financial sector varied with the type of stress, structure of the financial system and resilience of its significant players.

The IFSB, through this forum and as the global prudential standard-setter for Islamic finance, aims to provide a platform for IFSB RSA members to explore and discuss the effectiveness of various policy interventions introduced to counter the (Islamic) financial-sector implications of COVID-19. The forum also aims to facilitate sharing of policy implementation experiences across jurisdictions, discuss their potential long-term impact on financial markets and institutions offering Islamic financial services (IIFS) and identify areas that may require further concern and coordination by the IFSB.

The IFSB Secretariat aims to utilise the outcomes of the forum in:

providing guidance to the global Islamic financial services industry through public statements,
ensuring ongoing standards address identified challenges and potential consequences of policy responses; and
setting the IFSB’s 2021 standard development and research agenda.

Objectives
:
The forum aims to:

Explore the effectiveness, implementation and challenges of international prudential and other financial policy measures (both conventional and Islamic) in response to COVID-19.
Deliberate on the potential medium-term and long-term consequences for IIFS, financial markets and consumers.
Identify any Islamic finance specific-issues that have emerged or are likely to emerge in the future due to the direct impact of the pandemic or as a consequence of policy actions taken to mitigate the impact of the crisis.
Share of policy implementation experiences across jurisdictions and identify policy areas that require further coordination and provision of guidance for the global Islamic financial services industry with regard to the impact of the pandemic
Identify potential areas for future IFSB standards and research

Programme Approach
:

The IFSB Secretary-General to chair the forum and direct the flow of discussion
Presentation/thoughts/issues from lead discussants representing Islamic banking, Islamic capital markets and Takaful, followed with presentations or discussions by experts representing RSAs and Rating Agencies.

Programme Outcomes
:

Results of the assessment of ongoing international policies and actions (both Islamic and conventional) in responding to the economic impacts of the pandemic.
Coordinated polices and guidance for the global Islamic financial services industry
Potential IFSB standards and research papers

Participation
:
Member RSAs of the IFSB and Rating Agencies

IFSB Regulatory and Supervisory Authorities Forum on Covid-19
2020-07-28 15:00 - 17:30 UTC | Online
IFSB REGULATORY AND SUPERVISORY AUTHORITIES FORUM ON COVID-19
28 July 2020

TITLE
:
COVID-19 AND THE ISLAMIC FINANCIAL SERVICES INDUSTRY: POLICY IMPLICATIONS AND REGULATORY CHALLENGES

Type
:
Online Forum

Target Audience
:
Member Regulatory and Supervisory Authorities (RSAs) of the IFSB

Duration
:
15:00 – 17:30 (MYT)

Program Overview
:

The outbreak of Covid-19 and the ensuing geographical lockdowns and movement restrictions in several jurisdictions have led governments and regulatory and supervisory authorities (RSAs) to introduce measures, conventional and non-conventional, to alleviate the resulting financial and economic impact on consumers as well as financial institutions. Policy responses targeted to the financial sector varied with the type of stress, structure of the financial system and resilience of its significant players.
The IFSB, through this forum and as the global prudential standard-setter for Islamic finance, aims to provide a platform for IFSB RSA members to explore and discuss the effectiveness of various policy interventions introduced to counter the (Islamic) financial-sector implications of COVID-19. The forum also aims to facilitate sharing of policy implementation experiences across jurisdictions, discuss their potential long-term impact on financial markets and institutions offering Islamic financial services (IIFS) and identify areas that may require further concern and coordination by the IFSB.
The IFSB Secretariat aims to utilise the outcomes of the forum in:

providing guidance to the global Islamic financial services industry through public statements,
ensuring ongoing standards address identified challenges and potential consequences of policy responses; and
setting the IFSB’s 2021 standard development and research agenda.

Objectives
:

The forum aims to:

Explore the effectiveness, implementation and challenges of international prudential and other financial policy measures (both conventional and Islamic) in response to COVID-19.
Deliberate on the potential medium-term and long-term consequences for IIFS, financial markets and consumers.
Identify any Islamic finance specific-issues that have emerged or are likely to emerge in the future due to the direct impact of the pandemic or as a consequence of policy actions taken to mitigate the impact of the crisis.
Share of policy implementation experiences across jurisdictions and identify policy areas that require further coordination and provision of guidance for the global Islamic financial services industry with regard to the impact of the pandemic
Identify potential areas for future IFSB standards and research

Programme Approach
:

The IFSB Secretary-General to chair the forum and direct the flow of discussion
Presentation/thoughts/issues from lead discussants representing Islamic banking, Islamic capital markets and Takaful, followed with presentations or discussions by experts representing RSAs and Rating Agencies.

Programme Outcomes
:

Results of the assessment of ongoing international policies and actions (both Islamic and conventional) in responding to the economic impacts of the pandemic.
Coordinated polices and guidance for the global Islamic financial services industry
Potential IFSB standards and research papers

Participation
:
Member RSAs of the IFSB and Rating Agencies

Event Snapshots

Programme – Event Session(s)

Date
Time
Topics

Day 1
28/07/2020
15:00 – 15:15
Opening Remarks

15:15 – 15:30
Overview of the Impact of Covid-19 on the Global Economy, Islamic Banking and Sukuk

15:30 – 15:45
The Impact of Covid-19 on Insurance and Takaful Sectors

15:45 – 17:15
Discussion: Covid-19 and the Islamic Financial Services Industry- Policy Implications and Regulatory Challenges

Downloadable Document(s)

Event Session(s) – PDF Format
Brochure

51st Meeting of the Technical Committee of the IFSB
2020-07-29 15:00 - 19:00 (Asia/Kuala_Lumpur) | Online
The 51st Meeting of the Technical Committee of the IFSB is scheduled to be held online as follows:

Date
29 July 2020

Time
3:00PM to 7:00PM (Malaysia time)

Participation in the meeting is by invitation only. For more information please email to: khairun.nissa@ifsb.org

51st Meeting of the Technical Committee of the IFSB
2020-07-29 15:00 - 19:00 (Asia/Kuala_Lumpur) | Online
The 51st Meeting of the Technical Committee of the IFSB is scheduled to be held online as follows:

Date
29 July 2020

Time
3:00PM to 7:00PM (Malaysia time)

Participation in the meeting is by INVITATION only. For more information please email to: khairun.nissa@ifsb.org

Event Snapshots

Launching of The Islamic Financial Services Industry Stability Report 2020 & IFSB Members and Industry Engagement Session (MIES) Via Online Platform
2020-08-06 15:30 - 17:30 UTC | Online
The Islamic Financial Services Board (IFSB) will release the eighth edition of its annual Islamic Financial Services Industry Stability Report 2020 highlighting important developments in the growth, stability and other aspects of the Islamic financial services industry (IFSI).

The IFSB’s IFSI Stability Report series, which was first launched in 2013, has become an important benchmark publication, providing an assessment of the growth, development and stability of the IFSI. The objectives of this flagship Report is anchored on the IFSB’s mandate to promote the development of a prudent and transparent Islamic financial services industry.

The launching will be also followed by the IFSB’s Members and Industry Engagement Session, which provides an interactive platform for communication between the IFSB member organisations, the bigger Islamic financial services industry stakeholders, and the IFSB Secretariat.

In this session, the IFSB will provide an expectation for the implications of COVID-19 on the global Islamic financial services industry to the audience, and followed by a panel discussion to allow greater interaction and exchange of views among the industry’s stakeholders – regulators and market players.

Date : 06 August 2020

Time : 15:30 – 17:30 (MYT)

Venue : ONLINE

Attendees: Open to IFSB Members & Selected Invitees only

For more details, please contact Mr Ahmed Barakat : ahmed.barakat@ifsb.org

Event Snapshots

Programme – Event Session(s)

Date
Time
Topics

Day 1
06/08/2020
15:30 – 15:35
Opening Remarks

15:35 – 15:50
Keynote Address
Launching of Stability Report

15:50 – 16:05
Presentation of Highlights of the Islamic Financial Services Industry Stability Report 2020

16:05 – 16:10
Launching of the IFSI Stability Report
Video Presentation

16:10 – 16:50
Islamic Finance Stability and Covid-19 Implications Moving Forward (Moderated Session)

16:50 – 17:25
Members – IFSB Q&A (Engagement) Session

Downloadable Document(s)

Event Session(s) – PDF Format

Launching of The Islamic Financial Services Industry Stability Report 2020 & IFSB Members and Industry Engagement Session (MIES) Via Online Platform
2020-08-06 15:30 - 17:30 UTC
The Islamic Financial Services Board (IFSB) will release the eighth edition of its annual Islamic Financial Services Industry Stability Report 2020 highlighting important developments in the growth, stability and other aspects of the Islamic financial services industry (IFSI).

The IFSB’s IFSI Stability Report series, which was first launched in 2013, has become an important benchmark publication, providing an assessment of the growth, development and stability of the IFSI. The objectives of this flagship Report is anchored on the IFSB’s mandate to promote the development of a prudent and transparent Islamic financial services industry.

The launching will be also followed by the IFSB’s Members and Industry Engagement Session, which provides an interactive platform for communication between the IFSB member organisations, the bigger Islamic financial services industry stakeholders, and the IFSB Secretariat.

In this session, the IFSB will provide an expectation for the implications of COVID-19 on the global Islamic financial services industry to the audience, and followed by a panel discussion to allow greater interaction and exchange of views among the industry’s stakeholders – regulators and market players.

Date : 06 August 2020

Time : 15:30 – 17:30 (MYT)

Venue : ONLINE

Attendees: Open to IFSB Members & Selected Invitees only

For more details, please contact Mr Ahmed Barakat : ahmed.barakat@ifsb.org

30th Arabic Editing Committee Meeting
2020-08-10 - 2020-08-14 | Online
The 30th Arabic Editing Committee Meeting is scheduled to be held as follows:

Date
10 – 12 August 2020

Time
2:00 pm – 7:00 pm (Malaysia time)

Venue
Online

Participation in the meeting is by invitation only. For more information please email to: khairun.nissa@ifsb.org

30th Arabic Editing Committee Meeting
2020-08-10 14:00 - 19:00 (Asia/Kuala_Lumpur) | Online
The 30th Arabic Editing Committee Meeting is scheduled to be held as follows:

Date
10 – 12 August 2020

Time
2:00 pm – 7:00 pm (Malaysia time)

Venue
Online

Participation in the meeting is by INVITATION only. For more information please email to: khairun.nissa@ifsb.org
Event Snapshots

IFSB-FIS E-Workshop Series : Islamic Collective Investment Schemes (ICIS): Disclosures and Shariah Compliance Requirements (IFSB-19)
2020-08-13, 2020-08-13 16:30 - 17:30 UTC | Kuala Lumpur, Kuala Lumpur, Malaysia, Malaysia
Date
:
13 August 2020 (Thursday)

Time
:
4:30 – 5:30 PM (MYT)

Sector
:
Islamic Capital Market

Topics
:
Islamic Collective Investment Schemes (ICIS): Disclosures and Shariah Compliance Requirements (IFSB-19)

Background about ICIS
Shariah Complient Requirements
ICIS Disclosures

Overview

Islamic mutual funds, Islamic investment funds, Islamic real estate investment trusts – these are all (depending on jurisdiction) types of Shariah compliant collective investment schemes or Islamic Collective Investment Schemes (ICIS). ICIS can play an important role, channelling resources to the securities markets and offering Shariah-sensitive investors a means to achieve diversified exposure to Shariah compliant investment opportunities.

This e-workshop session brings information on what makes ICIS disclosure on Shariah governance and compliance sufficient to allow a Shariah-sensitive investors to make an informed investment decision.

Within this e-workshop facilitator will focus on background information on ICIS, Shariah-related and Operations-related disclosures and other general principles.
***REGISTRATION OPEN TO MEMBERS ONLY***

IFSB CEO’s Forum
2020-08-26 | Online
The unprecedented contractions experienced by economies due to measures implemented to contain the COVID-19 pandemic are likely to also have implications for the Islamic financial services industry (IFSI). Many Islamic financial institutions have had to make significant adjustments to adapt to the new environment. The growth rate of the financial sector is also likely to be affected because of the significant shock to the economy. It is essential in this circumstances, for institutions offering Islamic financial services (IIFS) to effectively address the financial and operational challenges posed by the COVID-19 pandemic, ensure resilience and support the recovery of the economy.

There are also many new opportunities for IIFS in the post-COVID-19 environment, including digitalisation as well as a greater role for Islamic social finance instruments among other things, providing an opportunity to unlock the long-term potential of the IFSI.

The forum aims to bring together industry leaders across the globe to discuss the challenges as well as the opportunities created by the COVID-19 pandemic, strengthening the resilience of the IFSI and the way forward post-COVID-19.

Mr. Ahmed Barakat (tel: +603 9195 1441, email: ahmed.barakat@ifsb.org) is the person in charge of the membership affairs at the IFSB, and he would be pleased to respond to any further enquiries.

***REGISTRATION OPEN FOR MEMBERS ONLY***

Event Snapshots

Programme – Event Session(s)

Date
Time
Topics

Day 1
26/08/2020
15:30 – 15:40
Opening Remarks – Dr Bello Lawal Danbatta, Secretary-General of the IFSB
Highlights on the IFSB initiatives in response of COVID-19 developments

15:40 – 16:40
Panel Discussion: COVID-19 and Implications for IIFS

What has been the economic implications of the COVID-19 pandemic on the performance of the IIFS?
What are the specific issues and risk exposures of IIFS due to COVID-19?
What are the major challenges and risks taht need to be addressed to strengthen the resilience of IIFS?
What are the opportunities and way forward for IIFS in the post COVID-19 environment?

16:40 – 17:40
Session 1: Implications on COVID-19 on IIFS

17:40 – 18:00
Session 2: Post COVID-19 Opportunities for IIFS

Downloadable Document(s)

Event Session(s) – PDF Format

IFSB CEO’s Forum
2020-08-26
The unprecedented contractions experienced by economies due to measures implemented to contain the COVID-19 pandemic are likely to also have implications for the Islamic financial services industry (IFSI). Many Islamic financial institutions have had to make significant adjustments to adapt to the new environment. The growth rate of the financial sector is also likely to be affected because of the significant shock to the economy. It is essential in this circumstances, for institutions offering Islamic financial services (IIFS) to effectively address the financial and operational challenges posed by the COVID-19 pandemic, ensure resilience and support the recovery of the economy.

There are also many new opportunities for IIFS in the post-COVID-19 environment, including digitalisation as well as a greater role for Islamic social finance instruments among other things, providing an opportunity to unlock the long-term potential of the IFSI.
The forum aims to bring together industry leaders across the globe to discuss the challenges as well as the opportunities created by the COVID-19 pandemic, strengthening the resilience of the IFSI and the way forward post-COVID-19.

Mr. Ahmed Barakat (tel: +603 9195 1441, email: ahmed.barakat@ifsb.org) is the person in charge of the membership affairs at the IFSB, and he would be pleased to respond to any further enquiries.

***REGISTRATION OPEN FOR MEMBERS ONLY***

1st Working Group Meeting on Revised Solvency Requirements for Takaful Undertakings
2020-08-27 | Online (webinar), Kuala Lumpur, Malaysia
The 1st Working Group Meeting on Revised Solvency Requirements for Takaful Undertakings is scheduled to be held as follow :

Date
27 August 2020

Time
2.30 PM (GMT +8.00, KL time)

Venue
Web-conference / webinar

Participation in the meeting is by INVITATION only. For more information, please email to fadhila@ifsb.org.

Event Snapshots

1st Working Group Meeting on Revised Solvency Requirements for Takaful Undertakings
2020-08-27 | Online (webinar), Kuala Lumpur, Malaysia
The 1st Working Group Meeting on Revised Solvency Requirements for Takaful Undertakings is scheduled to be held as follow :

Date
27 August 2020

Time
2.30 PM (GMT +8.00, KL time)

Venue
Web-conference / webinar

Participation in the meeting is by INVITATION only. For more information, please email to fadhila@ifsb.org.
