This Workshop is hosted by the Central Bank of Sudan (CBoS). This Workshop will cover the following IFSB Standards and Guiding Principles: IFSB-7: Capital Adequacy Requirements for Sukuk, Securitisations and Real Estate Investments IFSB-15: Revised Capital Adequacy Standard for Institutions offering Islamic Financial Services (other than Takaful Institutions and Islamic Collective Investment Schemes) GN-3: Guidance Note on the Practice of Smoothing the Profits Payout to Investment Account Holders GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio Participation in the Workshop is by INVITATION only. For more information on these Workshops, please email to Mrs. Ida Shafinaz Ab. Malek at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 18/02/2014 DAY 1: 18 FEBRUARY, TUESDAY 09:00 - 09:30 Registration 09:30 - 09:45 Opening Session Opening Speech by the IFSB Welcoming Speech by the CBoS 09:45 - 11:15 Guidance Note on the Practice of Smoothing the Profit Payout to Investment Account Holders (GN-3) Features of Various of Smoothing Techniques Identified Industry Practices Issues Related to Smoothing Practices 11:15 - 11:30 Coffee Break 11:30 - 13:00 Prudential Issues for Sukuk Instruments (IFSB-7) Sukuk Structures Collateral Security Structures Risks in Securitisation Structures Operational Requirements Pertaining to Sukuk and Securitisations 13:00 - 14:00 Lunch and Prayers 14:00 - 16:00 Prudential Issues for Sukuk Instruments (IFSB-7) Cont'd Credit Risk Mitigation for Securitisation Exposures Credit Enhancement for Shariah Compliant Securitisation Case Studies 16:00 - 16:30 Coffee Break End of Day 1 Day 2 19/02/2014 DAY 2: 19 FEBRUARY, WEDNESDAY 09:30 - 11:00 Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio (GN-4) Background of the Guidance Note Understanding Management of Profit-Sharing Investment Account (PSIA) Understanding the Concept of Alpha and DCR 11:00 - 11:30 Coffee Break 11:30 - 13:00 Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio (GN-4) Measurement of Risk Sharing in PSIA The Determination of Alpha and Displaced Commercial Risk (DCR) Role of Supervisory Authority in Determination of Alpha and DCR 13:00 - 14:00 Lunch and Prayers 14:00 - 16:00 Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio (GN-4) An Algebraic Approach for Measuring DCR and Alpha Case Studies 16:00 - 16:30 Coffee Break End of Day 2 Day 3 20/02/2014 DAY 3: 20 FEBRUARY, THURSDAY 09:30 - 11:00 Introduction to Regulatory Capital (IFSB-15) Component of Capital Regulatory Adjustments and Deductions Time Frame for Adoption of the New Capital Requirements 11:00 - 11:30 Coffee Break 11:30 - 13:00 Special Session on Recent Developments in Capital Adequacy Framework (IFSB & Basel) 13:00 - 14:00 Lunch and Prayers End of Workshop Downloadable Document(s) 1.) Event Session(s) - PDF Format

This Workshop is hosted by the Central Bank of Nigeria (CBN). These Workshops will cover the following IFSB Standards and Guiding Principles: IFSB-8: Guiding Principles on Governance for Takâful (Islamic Insurance) Undertakings IFSB-12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services IFSB-13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services IFSB-14: Guiding Principle on Risk Management for Takāful (Islamic Insurance) Udertakings Participation in these Workshops are by INVITATION only. For more information on these Workshops, please email to Ms. Yazmin Aziz at [email protected]. Programme - Event Session(s) Date Time Topics Day 1 13/01/2014 IFSB - FIS WORKSHOPS - DAY 1 09:00 - 09:30 Registration 09:30 - 09:50 Opening Session 09:50 - 11:30 Session 1: Islamic Finance: Concept and Contracts in Islamic Finance Specificities of Islamic Finance 11:30 - 11:45 Coffee Break 11:45 - 13:00 Session 2 : Fundamentals of Islamic Banking Islamic Banking Operations and Products 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 3: Takāful Principles Takāful Models Prudential Issues in Takāful 16:00 - 16:30 Coffee Break End of Workshop - Day 1 Day 2 14/01/2014 IFSB- FIS WORKSHOPS - DAY 2 09:30 - 11:30 Session 1: IFSB-14: Standard On Risk Management for Takāful (Islamic Insurance) Undertakings Specificities of Takāful (Islamic Insurance) Undertakings Relevant to Risk Management Significant Risks of Particular Relevance to Takāful 11:30 - 12:00 Coffee Break 12:00 - 13:00 Session 2: IFSB-14: Guiding Principle on Risk Management for Takāful (Islamic Insurance) Udertakings Enterprise Risk Management Key elements in the supervisory review process of risk management for Takāful undertakings Systemic risk considerations in Takāful 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 3: IFSB-8: Guiding Principles on Governance for Takâful (Islamic Insurance) Undertakings Reinforcement of Relevant Good Governance Practices Independence and Integrity of Governance Organs Appropriate Code of Ethics and Conduct Protection of Rights and Interests of Takāful Participants Appropriate Disclosures to Material and Relevant Information 16:00 - 16:30 Coffee Break End of Workshop - Day 2 Day 3 15/01/2014 IFSB - FIS WORKSHOPS - DAY 3 09:30 - 11:00 Session 1: Challenges in Liquidity Risk Management from Global Perspective and Implications for IIFS Significance of Liquidity Risk Management for Financial Institutions in Post-crisis World The Regulatory Response to Global Financial Crisis – Initiatives of Global Standard Setters and Supervisory Authorities Challenges in Liquidity Risk Managements by IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2: IFSB-12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services Funding and Market Liquidity Risk Necessary Conditions for an Effective Liquidity Risk Management in IFSI Governance Structure: Role of the Board of Directors and Senior Management Identification of Liquidity Risk Interactions of Liquidity Risk and Implications of Islamic Financing Contracts Case Study – 1: Liquidity Risk and Financial Distress in an IIFS 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 3: IFSB-12: Guiding Principles on Liquidity Risk Management for Institutions offering Islamic Financial Services Responsibility for Supervision of Liquidity Risk & Need for Supervisory Regulations Supervisors’ Role as Provider of Liquidity Support Supervision of Liquidity Risk at Consolidated Level Case Study – 2: Supervisory arrangements for Shari’ah compliant Lender of Last Resort and other Liquidity Support to IIFS 16:00 - 16:30 Coffee Break End of Workshop - Day 3 Day 4 16/01/2014 IFSB - FIS WORKSHOPS - DAY 4 09:30 - 11:00 Session 1: Understanding Stress Testing for Financial Institutions Stress Testing as a Risk Management Tool Stress Testing and Global Financial Crisis International Guidance on Stress Testing and Gap Analysis Necessary Conditions For An Effective Stress Testing Regime IFSB Comprehensive Stress Testing Framework for IIFS 11:00 - 11:30 Coffee Break 11:30 - 13:00 Session 2: IFSB-13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services Governance Aspects of the Stress Testing Framework Identification of Risk Factors and Coverage of Scenarios Specific Elements of IIFS in Stress Testing Stress Testing Methodologies FSAP and Stress Testing 13:00 - 14:00 Lunch & Prayer 14:00 - 16:00 Session 3: Simulations and Exercises How to Conduct “Micro level (or IIFS level) Stress Testing” Factors and Scenarios to Consider for Micro Stress Testing 16:00 - 16:30 Coffee Break End of Workshop - Day 4 Day 5 17/01/2014 IFSB - FIS WORKSHOPS - DAY 5 09:30 - 12:00 Session 1: IFSB-13: Guiding Principles on Stress Testing for Institutions offering Islamic Financial Services Regular and Comprehensive Assessments of IIFS’ Stress Testing Supervisory Evaluation of an IIFS’s Stress Testing Methodology Designing and Implementing System-Wide Stress Tests and Frequencies Corrective Actions & Regular Supervisory Dialogue with IIFS and the Industry Cross-border Issues and Home-Host Coordination Stress Testing Reporting Disclosures and Format 12:00 - 12:30 Closing Session 12:30 - 13:30 Lunch & Jumaah Prayer End of Workshop - Day 5 Downloadable Document(s) 1.) Event Session(s) - PDF Format