Kuala Lumpur, 18 August 2015 – The Islamic Financial Services Board (IFSB) is pleased to announce that it will be organising three FIS Workshops for Banking, Takaful and ICM in October and November 2015 in Kuala Lumpur, Malaysia.
The objectives of the Workshops are to enhance the participants’ understanding of the respective Standards and Guiding Principles applicable to each sector, thereby improving their capacity for the implementation of these Standards in their respective jurisdictions. The Workshops also aim to assist the participants in the practical application of the issues addressed in the particular Standard through case studies, group exercises, and other interactive tools; and to promote the sharing of experiences among regulators and market players on the implementation of the respective IFSB Standards.
Details of the Workshops are as follows:
1) FIS Workshop for the Islamic Capital Market Sector on 19 – 21 October 2015
Among the topics which will be covered are Introduction to Islamic Capital Markets and Sharing of Country Experiences on the Strategies and Policies for Developing Vibrant Islamic Capital Markets. The Workshops will also focus on the Revised Capital Adequacy Standard for Institutions offering Islamic Financial Services (IIFS) (IFSB-15), Guiding Principles on Shariah Governance Systems for IIFS (IFSB-10) and Guiding Principles on Governance for Islamic Collective Investment Schemes (ICIS) (IFSB-6)
2) FIS Workshop for the Takaful Sector on 19 – 21 October 2015
This Workshop will cover the sessions entitled, Introduction to Takaful as well as the Sharing of Country Experiences on the Strategies and Policies for Developing a Robust Takaful Industry. The IFSB Standards which will be covered are Standard on Risk Management for Takaful Undertakings (IFSB-14), Standard on Solvency Requirements for Takaful Undertakings (IFSB-11), Guiding Principles on Shariah Governance Systems for IIFS (IFSB-10) and Guiding Principles on Governance for Takaful Undertakings (IFSB-8).
3) FIS Workshop for the Banking Sector on 16 – 20 November 2015
Three IFSB Standards will be covered in this Workshop which are: Revised Guidance on Key Elements in the Supervisory Review Process – (IFSB-16), Guiding Principles on Shariah Governance Systems for IIFS (IFSB-10) and Guidance Note on Quantitative Measures for Liquidity Risk Management (GN-6). A Special Session on Recent Developments in the Supervisory Review Process Framework and Liquidity Risk Management at the Global Level will also be covered in this Workshop.
The IFSB invites all regulatory and supervisory authorities from among the IFSB member countries to participate in these Workshops. For more information on the Workshops, please visit www.ifsb.org or contact Mr. Hamizi Hamzah at [email protected].
