Calendar of Events

Latest Past Events

IFSB Executive Programme: Managing Digital Transformation Risks for Islamic Finance Institutions (IFIs)

Online

Online IFSB Executive Programme Managing Digital Transformation Risks for Islamic Finance Institutions (IFIs) The Covid-19 pandemic has given a very important lessons to global financial services industry unexceptionally which the Islamic finance industry shall face post the pandemic. One of them is the necessity of accelerated digital business transformation which includes amongst others, changes in the business model, operations, technical mechanism, supervision and monitoring into the digital ones including larger and comprehensive risk assessment and mitigation. Physical business interactions, dealing, negotiation, financial transactions and execution may not be feasible nowadays and are changed into digital and virtual Islamic financial transactions. Currently, Islamic finance players have started to transform their products and services into digital ones for examples, e-deposit, e-sukuk, insurTech, e-payment, etc offered and operated via new business and digital based systems in the integrated financial market. Even, Islamic finance is now giving the greater attention on Islamic social finance, funds, products and instruments including the Environmental, Social and Governance (ESG). Sukuk awqf, digital zakah and awqf payment and distribution mechanisms are amongst the recent innovations in Islamic finance most of which IFSB Standards had provided clear guidance for both regulators and market players.  To enhance participants understanding of operational risks and regulatory concerns associated with accelerated digital transformation for the Islamic banking, Islamic capital market and takaful institutions. To elevate key skills and competencies of participants on regulation, supervision and monitoring including comprehensive risk assessment and mitigation of digital transformation associated risks for IFIs. To equip participants with understanding and acceleration of Islamic social finance including new and innovative instruments, mechanism and programs. Interactive online discussion, providing direct engagement with subject matter experts and sharing of country and organisational experiences as well as using IFSB standards and technical notes as reference.   Event Snapshots:

IFSB-FIS E-Workshop Series – Stress testing in Islamic banks according to the IFSB standards

Kuala Lumpur Kuala Lumpur, Malaysia

FOR ALL IFSB MEMBERS Date:       22-23 September 2021 (Wednesday-Thursday) Time:       4:30 – 6:30 pm (MYT) Sector:    Islamic banking Topic:      Stress testing in Islamic banks according to the IFSB standards Overview Stress testing has become widely used by Islamic financial institutions and regulators to identify financial sector vulnerabilities, influence and support policy decisions affecting the financial system and individual institutions, besides supporting and guiding financial institutions’ own risk management. Conducting stress testing regularly has become a central tool for enhancing the resilience and stability of the banking system. Considering the many aspects of stress testing, the IFSB Secretariat invites you to participate in two- days e-workshop dedicated to this topic. During the two-day workshop, the IFSB facilitator will present an overview for stress testing in the Islamic finance industry and the basic requirements and methodologies for these tests within Islamic banks. This will be followed by an introduction to solvency and liquidity stress tests and a sample case study. The deeper understanding for stress testing through this workshop should enable participants to better apply their knowledge and understand stress testing principles and their applications. ***REGISTRATION IS OPEN FOR MEMBERS ONLY***

16th Meeting of the Task Force on Prudential and Structural Islamic Financial Indicators – PSIFIs (Online)

Online

The 16th Meeting of the Task Force on Prudential and Structural Islamic Financial Indicators (PSIFIs) is scheduled to be held via online as follows:   Date 15 September 2021 (Wednesday) Time 14:30 - 18:00 (GMT +8.00, Kuala Lumpur Time)   Participation in the meeting is by INVITATION only. For more information, please email to [email protected]