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  Event Detail

Category:IFSB-FIS Workshop
Name:[EVE00275] IFSB-FIS Workshop Series (Zambia)
Description:

This 3-day Workshop is tailored for the regulatory and supervisory authorities and the market players for the banking sector within Zambia. It will discuss the overview of Islamic finance and cover the following IFSB Standards:

  • IFSB-1: Guiding Principles of Risk Management for Institutions (other than Insurance Institutions) offering only Islamic Financial Services (IIFS)
  • IFSB-3: Guiding Principles on Corporate Governance for IIFS
  • IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS
  • IFSB-16: Revised Guidance on Key Elements in the Supervisory Review Process of IIFS

 Overall, this Workshop aims to:

  1. Enhance the participants’ understanding of the respective Standards and Guiding Principles thereby facilitating the implementation of these standards in their respective jurisdictions;
  2. Assist the participants in the practical application of issues addressed in the particular standards through case studies, hands-on exercises and other interactive tools; and
  3. Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles. 

This Workshop is hosted by Bank of Zambia and participation in this Workshop is by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at hamizi@ifsb.org. 

Start Date:18/04/2017End Date:20/04/2017
Venue Name:InterContinental Lusaka
City:Lusaka
Country:ZAMBIA
Event Website: -
Registration:

  Event Snapshots


  Programme - Event Session(s)

Date Time Topics
Day 1
18/04/2017
09:00 - 09:30 Registration
09:30 - 10:00 Opening Session and Group Photo
10:00 - 11:30 Session 1 - Introduction to the IFSB
  • Introduction to Islamic Finance
  • Concept of Islamic Finance
  • Contracts in Islamic Finance
  • Structures of Islamic Banking Products
  • Prudential Issues in IIFS
  • 11:30 - 11:45 Coffee Break
    11:45 - 13:00 Session 2 - IFSB-1: Guiding Principles of Risk Management for Institutions offering Islamic Financial Services (IIFS)
  • Understanding of Risks in IIFS
  • Focus on Credit Risk
  • Focus on Equity Investment Risk
  • Focus on Operational Risk
  • 13:00 - 14:00 Lunch and Prayer
    14:00 - 16:00 Session 3 - IFSB-1: Guiding Principles of Risk Management for IIFS (Cont’d)
  • Focus on Market Risk
  • Focus on Liquidity Risk
  • Focus on Rate of Return Risk
  • Case Studies
  • 16:00 - 16:15 Coffee Break
    Day 2
    19/04/2017
    09:30 - 11:00 Session 4 - IFSB-3: Guiding Principles on Corporate Governance for IIFS
  • Corporate Governance Issues Specific to IIFS
  • General Governance Approach of IIFS
  • Rights of Investment Account Holders (IAHs)
  • Compliance with Sharī`ah Rules and Principles
  • 11:00 - 11:30 Coffee Break
    11:30 - 13:00 Session 5 - IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS
  • Structure of the Sharī`ah Governance System
  • Scope of Sharī`ah Governance System
  • General Approach to the Sharī`ah Governance System
  • Guiding Principles on the Sharī`ah Governance System - Competence
  • 13:00 - 14:00 Lunch and Prayer
    14:00 - 16:00 Session 6 - IFSB-10: Guiding Principles on Sharī`ah Governance System for IIFS (Cont’d)
  • Guiding Principles on the Sharī`ah Governance System – Independence
  • Guiding Principles on the Sharī`ah Governance System - Confidentiality
  • Guiding Principles on the Sharī`ah Governance System - Consistency
  • Case Study
  • 16:00 - 16:15 Coffee Break
    Day 3
    20/04/2017
    09:30 - 11:00 Session 7 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS
  • Supervisory Preconditions, Criteria and Approaches for Effective Supervision of IIFS
  • Key Elements in the Supervisory Review Process of IIFS
  • Regulatory Capital Requirements
  • Treatment of Investment Account Holders (IAH) and Displaced Commercial Risk
  • 11:00 - 11:30 Coffee Break
    11:30 - 13:00 Session 8 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS (Cont’d)
  • Internal Capital Adequacy Assessment Process
  • Islamic Windows Operations
  • Assessment of Additional Issues
  • Supervisory Transparency and Accountability
  • 13:00 - 14:00 Lunch and Prayer
    14:00 - 16:00 Session 9 - IFSB-16: Revised Guidance on Key Elements In The Supervisory Review Process of IIFS (Cont’d)
  • Corporate and Shari’ah Governance
  • Transparency and Market Discipline
  • Consolidated and Home-host Supervision
  • Case Study
  • 16:00 - 16:15 Closing & Certificate Giving Ceremony
    Disclaimer: Please be advised that the above mentioned agenda points are tentative and that the IFSB reserves the right to make any necessary amendments/changes to the programme without prior notification.

      Downloadable Document(s)

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    1.) Event Session(s) - PDF Format

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