Kuala Lumpur, Malaysia – 10 September 2024 – The Secretariat of the Islamic Financial Services Board (IFSB) is pleased to announce the 8th and 9th editions of its Executive Programmes (EP), scheduled for October 2024. Reaching its 5th consecutive year, these highly anticipated programmes are designed for professionals from regulatory and supervisory authorities (RSAs), as well as industry players in the Takāful and Islamic banking sectors, focusing on enhancing crisis management and systemic resilience.
Details of the programmes are as follows:
1. 8th Executive Programme: Effective Crisis Management, Participant Protection, and Recovery and Resolution Planning for Takāful Undertakings
2. 9th Executive Programme: Addressing Systemic Shocks: Crisis Preparedness and Strengthening Supervision to Enhance Resilience of Islamic Banks
Each EP features six sessions designed to unpack and discuss specific industry issues, combining interactive workshops, case studies, expert-led discussions, and knowledge-sharing activities. The programme encourages direct engagement with experts and collaborative learning, offering participants comprehensive insights into global practices and the IFSB standards.
Notable speakers include experts from the Bank of England, Malaysia Deposit Insurance Corporation (PIDM), and Prudential BSN Takaful.
Enhancing Crisis Preparedness and Stability
In an increasingly interconnected global financial landscape, the potential for crises to spread across borders is ever-present, affecting both the Takāful and Islamic banking sectors. Effective crisis response mechanisms, supported by the appropriate authority, tools, and funding, are essential to mitigate systemic shocks that may impact the global Islamic financial system.
While the Takāful sector is relatively smaller, its unique operational characteristics—such as Sharīʻah governance, segregated funds, participant rights, asset-liability demarcation, surplus distribution policies, and complex capital flows—present distinctive challenges for crisis detection, recovery, resolution, and participant protection. Similarly, recent global bank failures in 2023 have underscored the critical need for robust crisis management frameworks in the Islamic banking sector, with consideration of its specific characteristics.
Early Bird Offers Until 16 September
Both EP will be held physically in Kuala Lumpur, Malaysia. An early bird discount of up to USD 300 is available until 16 September 2024, with each confirmed registration receiving a complimentary gift bag. IFSB member organisations are also eligible for additional discounts.
For more information on the programmes and registration fees, please visit the IFSB website at www.ifsb.org or contact the IFSB Secretariat at [email protected].
