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The IFSB e-workshop Series to Discuss the Components of a Sound Shari`ah Governance System for the First Time

Date posted: 28 February 2019

Kuala Lumpur, 28 February 2019 – The Islamic Financial Services Board (IFSB) is organising an inaugural e-workshop Series on IFSB Standards which will be held on 28 March 2019 at 04:00pm (GMT+8) via the webinar.

The objectives of the IFSB e-workshops are to create flexibility and enhance the participants understanding of the IFSB’s Standards and Guiding Principles applicable to each sector, thereby improving their capabilities to implement these Standards in their respective jurisdictions. The year 2019 marked the initiation of the e-workshop activities by the IFSB as part of the IFSB’s Strategic Performance Plan 2019-2021 under Strategic Key Result Area (SKRA 2) relating to the Facilitating the Implementation of Prudential Standards and Capacity Development.

The IFSB’s inaugural e-workshop Series will focus on IFSB-10: Guiding Principles on Shari`ah Governance Systems for Institutions offering Islamic Financial Services (IIFS). It intends to provide a brief deliberation about the components of a sound Shari`ah governance system, especially with regard to the competence, independence, confidentiality and consistency of Shari`ah boards across IIFS. The webinar session will take about 70 minutes including question-and-answer.

The IFSB e-workshop Series is an extension of the FIS activities and aims to facilitate training and personnel development in skill areas relevant to the effective supervision and regulation of the Islamic Financial Services Industry. It complements the existing IFSB implementation initiatives, including FIS Workshop Series (country, regional and customised) and technical assistance in order to increase the understanding and adoption of the IFSB Standards, Guidance Notes and Technical Notes.

The IFSB invites all of its member organisations to participate in this inaugural e-workshop Series. As a start, registration is open only to the members of the IFSB.

For more information, please visit www.ifsb.org/elearning.php or contact Mr. Hamizi Hamzah at e-learning@ifsb.org.

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