Against the backdrop of the slow global economic recovery in the past years, and continued turmoil in the financial markets, the 8th IFSB-INCEIF Executive Forum focuses on key issues affecting the Islamic Financial Services Industry’s (IFSI) stability along with the strategic approaches needed to ensure that the IFSI is able to achieve a level of resilience that withstands the impact of financial turbulence. The theme of the 8th edition of the IFSB-INCEIF Executive Forum series - “Resilience and Stability of the Islamic Financial Services Industry: Opportunities and Challenges Ahead” - intends to discuss this important topic that affects not only national economies and financial institutions, but also ordinary investors and tax payers. More specifically, the forum aims to cover the following areas: Updates on the trends and developments in the various segments of the industry – Islamic banking, Islamic capital markets as well as Takāful; Initiatives undertaken by the regulators and international standard setting organisations to further strengthen the resilience and stability of the financial institutions and markets; and Emerging issues in the stability of the IFSI, including among others: consumer protection, Sharī'ah-compliant safety nets and cross-border linkages. This 8th Edition of the IFSB-INCEIF Executive Forum will serve as a platform for discussion (through panel sessions, group discussion, and practical case studies) between the participants and the speakers who are global leaders from amongst market players, regulators and academia. The two full-day Forum will be divided into seven sessions, which are: Development of the Global IFSI Effective Macro-prudential Policies Strengthening Protection of the Financial Sector Sharī'ah-compliant Lender of Last Resort (LOLR) Takāful: Unlocking the Potential and Supporting Stability Islamic Capital Markets (ICM): Achieving a Rigorous and Robust Regulatory Framework; and Panel Discussion on Fostering Global Linkages and Cross-border Potentials Towards Enhancing Resilience and Stability To date, the following speakers are confirmed to speak at the Forum: Mr. Takashi Hamano, Assistant Commissioner for International Affairs, Financial Services Agency, Japan Dr. Magda Elsayed Kandil, Chief Economist, Research and Statistics Department, Central Bank of United Arab Emirates Ms. Che Zakiah Che Din, Director, Financial Conglomerate Supervision Department, Bank Negara Malaysia Mr. Rafiz Azuan Abdullah, Executive General Manager, Malaysia Deposit Insurance Corporation Mr. Ritesh Maheshwari, Managing Director & Lead Analytical Manager, Financial Services Ratings, Standard & Poor's Ratings Services, Singapore Mr. Shamsun Anwar Hussain, Managing Director, Business Management Office, CIMB Islamic Bank, Malaysia Assoc. Prof. Dr. Younes Soualhi, Chairman, Sharī`ah Committee, HSBC Amanah Malaysia Berhad, Malaysia Tuan Syed Alwi Mohd Sultan, Executive Vice President, Corporate Services, Bank Muamalat Malaysia Berhad Mr. Hassan Scott Odierno, Partner, Actuarial Partners Consulting Sdn Bhd, Malaysia Mr. Syed Faiq Najeeb, Member of the Secretariat, Technical and Research, Islamic Financial Services Board, Malaysia For more information on this Executive Forum, please email Mr. Hamizi Hamzah at [email protected] Programme - Event Session(s) Date Time Topics Day 1 01/12/2015 08:30 - 09:30 Morning Coffee and Registration 09:30 - 09:45 Opening and Welcoming Remarks 09:45 - 11:00 Developments in the Global Islamic Financial Services Industry (IFSI) towards Promoting Financial Stability Overview of the development of the Islamic Financial Services Industry Future prospects and current challenges Policy recommendations to enhance growth and stability 11:00 - 11:30 Group Photo and Coffee Break 11:30 - 13:00 Financial Stability Framework: Motivations for Effective Macro-prudential Policies Emerging Practices, Initiatives and Trends in the Macro-prudential Policies of institutions offering Islamic financial services (IIFS) Systemic Risks and Countercyclical Issues: A Need for Additional Policies Capital Buffers and Leverage Ratio of IIFS: Fundamental Factors in Financial Stability 13:00 - 14:00 Lunch and Prayers 14:00 - 15:30 Safety Nets: Strengthening Protection of the Financial Sector The Rights of Profit-sharing Investment Account (PSIA) Holders under the Sharī`ah-compliant Deposit Insurance Preserving Rights of the Consumers and Policy-holders via Sharī`ah-compliant Deposit Insurance Schemes: Contemporary Issues and Challenges Promoting Sound Crisis Management Policies and Procedures 15:30 - 16:00 Coffee Break 16:00 - 17:30 Sharī'ah-compliant Lender of Last Resort (LOLR): The Role of Central Banks and Monetary Authorities Main Impediments to the Development of Infrastructure and Instruments for Sharī'ah-compliant LOLR Facilities and Emergency Financing Mechanisms Required Criteria of Instruments for Use in Sharī'ah-compliant LOLR Facilities Cross-border Sharī'ah-compliant LOLR facilities Day 2 02/12/2015 08:30 - 09:30 Morning Coffee 09:30 - 11:00 Takāful: Unlocking the Potential and Supporting Stability Takāful Industry Perception and Penetration Challenges Utilising MicroTakāful Coverage for Social Protection The Way Forward for Growth, Investment and Regulation in the Takāful sector 11:00 - 11:30 Coffee Break 11:30 - 13:00 Islamic Capital Markets (ICM): Achieving a Rigorous and Robust Regulatory Framework Interlinkages Between Global Financial Market and ICM Enhancing the Current Legal and Regulatory Frameworks for ICM Promoting Confidence and Soundness in the ICM: Policy Implication 13:00 - 14:00 Lunch and Prayers 14:00 - 16:00 Panel Discussion on Fostering Global Linkages and Cross-border Potentials Towards Enhancing Resilience and Stability Home and Host Supervision and Cross-border Resolutions A Need for a Robust Supervision of Global Cross-border ICM Instruments Integrating Cross-border Takāful Business 16:00 - 16:30 Closing & Certificate Giving Ceremony 16:30 - 17:00 Coffee Break Downloadable Document(s) 1.) Event Session(s) - PDF Format 2.) Brochure - 8th IFSB-INCEIF Executive Forum 3.) Hotel - Hilton Kuala Lumpur - Rates 4.) Hotel - Lanai Kijang - Rates 5.) Hotel Majestic Kuala Lumpur - Rates and Reservation Form 6.) JW Marriott Kuala Lumpur - Rates and Reservation Form 7.) Pacific Regency Hotel & Suites - Rates