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  Event Detail

Category:IFSB-FIS Workshop
Name:[EVE00281] IFSB-FIS Workshops on IFSB Standards for Regulatory and Supervisory Authorities for the Islamic Capital Market and Takaful Sectors
Description:

The two separate 3-day Workshops intend to be Train the Trainer Programme and are tailored for the Regulatory and Supervisory Authorities for the Islamic Capital Market and Takāful sectors.

The Workshop for Islamic Capital Market Sector will cover the following sessions and IFSB Standards:

  • Introduction to Islamic Capital Market
  • IFSB-6 : Governance for Islamic Collective Investment Schemes (ICIS)
  • IFSB-10 : Sharī`ah Governance Systems
  • IFSB-15 : Revised Capital Adequacy – Sukūk and Securitisation
  • Rountable on Disclosure Requirements for Islamic Capital Market Products (ED-19)

Meanwhile, the Workshop for Takāful Sector will cover the following sessions and IFSB Standards:

  • Introduction to Takāful, Models and Features
  • IFSB-8 : Guiding Principles on Governance for Takāful Undertakings
  • IFSB-11 : Standard on Solvency Requirements for Takāful Undertakings
  • IFSB-14 : Risk Management for Takāful Undertakings
  • IFSB-18 : Guiding Principles for Retakāful (Islamic Reinsurance)
  • Experience Sharing on Regulating Takāful & Retakāful Sector in Various Jurisdictions

Overall, these Workshops aim 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 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 regulators and supervisors on the implementation of respective IFSB Standards and Guiding Principles.

Participation in these Workshops are by INVITATION only. For queries, please contact the IFSB Secretariat, Mr. Hamizi Hamzah at hamizi@ifsb.org.

Start Date:29/11/2016End Date:01/12/2016
Venue Name:Training Room 3.1 - 3.3, Sasana Kijang, Bank Negara Malaysia, Jalan Dato Onn, Kuala Lumpur
City:Kuala Lumpur
Country:MALAYSIA
Event Website: -
Registration:
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  Event Snapshots


  Programme - Event Session(s)

Date Time Topics
Day 1
29/11/2016
09:00 - 09:30 Registration
09:30 - 09:45 Welcoming Address & Group Photo
09:45 - 11:15 Session 1: Introduction to Islamic Capital Market (ICM)
  • Fundamentals of ICM, Products and Features
  • Islamic Equity Market
  • Islamic Collective Investment Schemes (ICIS), Exchange Traded Fund and Islamic Real Estate Investment Trusts (i-REITs)
  • 09:45 - 11:15 Session 1: Introduction to Takāful, Models & Features, and IFSB-8: Guiding Principles on Governance for Takāful Undertakings
  • Definition of Takāful Undertaking
  • Why Governance for Takāful Undertakings?
  • Reinforcement of Relevant Good Governance Practices
  • 11:15 - 11:30 Coffee Break
    11:30 - 13:00 Session 2: Introduction to ICM
  • Islamic Hedging Products
  • Sukūk: Background, Structures and Features
  • Case Study
  • 11:30 - 13:00 Session 2: IFSB-8: Guiding Principles on Governance for Takāful Undertakings
  • Governance Structure for Participants
  • Procedures for Proper Disclosure
  • Case Study
  • 13:00 - 14:00 Lunch and Prayer
    14:00 - 16:00 Session 3: IFSB-6: Governance for Islamic Collective Investment Schemes (ICIS)
  • Islamic Collective Investment Scheme Overview
  • Motivating Factors for the Governance of ICIS
  • Guiding Principles on Governance for ICIS
  • 14:00 - 16:00 Session 3: IFSB-14: Standard on Risk Management for Takāful Undertakings
  • Specificities of Takāful Undertakings Relevant to Risk Management
  • Ownership of Risk Fund
  • Significant Risks of Particular Relevance to Takāful
  • 16:00 - 16:30 Coffee Break
    Day 2
    30/11/2016
    09:30 - 11:30 Session 4: Rountable on Disclosure Requirements for ICM Products (ED-19)
  • General Principles
  • Sukuk Disclosure
  • ICIS Disclosure
  • 09:30 - 11:00 Session 4: IFSB-14: Standard on Risk Management for Takāful Undertakings
  • Enterprise Risk Management
  • Key Elements in the Supervisory Review Process of Risk Management for Takāful Undertakings
  • Case Study
  • 11:30 - 12:00 Coffee Break
    11:30 - 13:00 Session 5: IFSB-11: Standard on Solvency Requirements for Takāful Undertakings
  • Specificities of Solvency Requirements for Takāful
  • Total Balance Sheet Approach
  • Adequate Solvency Resources
  • 12:00 - 13:30 Session 5: IFSB-6: Governance for ICIS
  • Compliance with Sharī`ah Rules and Principles
  • Additional Protection for ICIS Investors
  • Case Study
  • 13:30 - 14:30 Lunch and Prayer
    14:00 - 16:00 Session 6:IFSB-11: Standard on Solvency Requirements for Takāful Undertakings
  • Establish Solvency Control Levels
  • Quality / Suitability of Solvency Resources
  • Comprehensive Risk Management Framework
  • 14:30 - 16:30 Session 6: IFSB-15: Revised Capital Adequacy Standard for IIFS
  • Components of Capital
  • Role of IIFS in Sukūk Securitisation
  • Credit Enhancement and Assets in Securitisation
  • 16:30 - 17:00 Coffee Break
    Day 3
    01/12/2016
    09:30 - 11:00 Session 7: IFSB-15: Revised Capital Adequacy Standard for IIFS
  • Recognition of Risk Transference (Asset Derecognition Criteria)
  • Capital Requirements for Sukūk
  • Case Study
  • 09:30 - 11:00 Session 7: Experience Sharing on Regulating Takāful & Retakāful Sector in Various Jurisdictions
    11:00 - 11:30 Coffee Break
    11:30 - 13:00 Session 8: IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS
  • Structure of the Sharī`ah Governance System
  • Scope of Sharī`ah Governance System
  • Guiding Principles - Competence
  • 11:30 - 13:00 Session 8: IFSB-18: Guiding Principles for Retakāful
  • The Concept of Retakāful
  • Regulatory Standards and practices Relevant to Retakāful
  • Governance of Retakāful Undertakings
  • 13:00 - 14:00 Lunch and Prayer
    14:00 - 16:00 Session 9: IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS
  • Guiding Principles – Independence and Confidentiality
  • Guiding Principles - Consistency
  • Case Study
  • 14:00 - 16:00 Session 9: IFSB-18: Guiding Principles for Retakāful
  • Compliance with Sharī`ah Principles
  • Supervisory Review of Retakāful Arrangements
  • Case Study
  • 16:00 - 16:15 Closing & Certificate Giving Ceremony
    16:15 - 16:45 Coffee Break
    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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