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Train of Trainers (ToT) Program - Who Should Apply

To be recognized as a member of the IFSB expert pool, individuals should have an extensive experience in policy-making or/and supervision in one of the subject areas, including Islamic Banking, Takaful or Islamic Capital Market. A mix of regulatory, supervisory and market experience could be very beneficial. It is a substantial advantage for an applicant to have an exposure on international standards issued by Basel Committee on Banking Supervision (BCBS), International Association of Insurance Supervisors (IAIS) and International Organization of Securities Commissions (IOSCO).

Other general requirements include:

• Bachelor degree in relevant field with relevant experience of ≥10 years or Master degree in relevant field with relevant experience of ≥7 years;
• Well-developed oral and written communication in a fluent English along with Arabic, or French or Russian languages;
• Good analytical skills and critical thinking to conduct financial analysis report;
• Experience in training, public speaking and or facilitation skills is essential.
• The ability to travel to IFSB members’ jurisdictions (if required);
• The ability to conduct technical discussions and to write technical reports in English;
• Meet the deadlines – perform pre- and post-mission requirements on time;
• Have an excellent interpersonal skill: be self-motivated and be a team player.
• Good reference from immediate past employer and or current employer (if currently employed).

Detailed expertise required for experts in Islamic Banking segment

Islamic Banking:

Experts, who meet general requirements and have extensive experience and skills in one of the following areas, are invited to submit his/her application to be considered an expert for the Islamic banking segment.

• Significant current or recent experience with national/central banks, or regulatory and supervisory agencies, in the area of Islamic banking supervision, regulation/ policy-making or risk-management;
• Worked as an Islamic banking consultant working for international consultancy firms advising regulators or international organizations in Islamic banking;
• Familiarity and good understanding of standards issued by the Basel Committee on Banking Supervision (BCBS), particularly standards on Capital Adequacy, Liquidity, Stress Testing, Supervisory Review Process, and Corporate Governance.
• Experience in providing Shariah advice to Islamic banks is a plus.

Detailed expertise required for experts in Islamic insurance segment

Islamic insurance (Takaful):

Experts, who meet general requirements and have extensive experience and skills in one of the following areas, are invited to submit his/her application to be considered an expert for the Islamic insurance (Takaful) segment.

• Significant current or recent experience with national/central banks, or regulatory and supervisory agencies in the area of supervision, regulation/ policy-making for Takaful segment;
• Worked as a Takaful consultant for international consultancy firms, advising regulators or international organizations on Takaful;
• Familiarity and good understanding of standards issued by International Association of Insurance Supervisors (IAIS), particularly standards on Governance, Risk Management, Solvency, Supervisory Review Process and reinsurance;
• Experience in providing Shariah advice to Takaful/Re-Takaful Operators is a plus.

Detailed expertise required for experts in Islamic Capital Market segment

Islamic Capital Market:

Experts, who meet general requirements and have extensive experience and skills in one of the following areas, are invited to submit his/her application to be considered an expert for the Islamic Capital Market (ICM) segment.

• Significant current or recent experience with capital market authorities or other capital market’s regulatory and supervisory agencies in the area of supervision, or regulation/ policy-making for Islamic capital markets;
• Worked as a consultant for international consultancy firms, advising regulators or international organizations on Islamic capital market;
• Familiarity and good understanding of standards issued by International Organization of Securities Commissions (IOSCO), particularly standards on Governance and Disclosures Requirements;
• Experience in providing Shariah advice to Islamic Financial Institutions serving the Islamic Capital Market is a plus.