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  Event Detail

Category:IFSB-FIS Workshop
Name:[EVE00303] IFSB-FIS Workshops on IFSB Standards for Regulatory and Supervisory Authorities for the Islamic Capital Market and Takaful Sectors
Description:

This 3-day Workshops are tailored for the regulatory and supervisory authorities for the Islamic Capital Market and Takaful sectors, thus intend to be a Train the Trainer Programme for the staff on the IFSB Standards. 

In general, 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 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. 

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

Start Date:10/10/2017End Date:12/10/2017
Venue Name:Sasana Kijang, Bank Negara Malaysia, Jalan Dato' Onn
City:Kuala Lumpur
Country:MALAYSIA
Event Website: -
Registration:
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  Event Snapshots


  Programme - Event Session(s)

Date Time Topics
Day 1
10/10/2017
09:00 - 09:30 Registration
09:00 - 09:30 Registration
09:30 - 09:45 Opening & Welcoming Address Group Photo
09:30 - 09:45 Opening & Welcoming Address Group Photo
09:45 - 11:15 Session 1 - Introduction to Takāful (Islamic Insurance)
  • Introduction to Takāful
  • Takāful Models
  • Issues Faced by Takāful Operators
  • 09:45 - 11:15 Session 1 - Introduction to Islamic Capital Market
  • Islamic Capital Market Development – Issues and Challenges
  • Islamic Equity Market
  • Islamic Hedging Products
  • 11:15 - 11:30 Coffee Break
    11:15 - 11:30 Coffee Break
    11:30 - 13:00 Session 2 - IFSB-8: Guiding Principles on Governance for Takāful Undertakings
  • Definition of Takāful Undertaking
  • Why Governance for Takāful Undertakings?
  • Reinforcement of Relevant Good Governance Practices
  • 11:30 - 13:00 Session 2 - 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
  • 13:00 - 14:00 Lunch and Prayer
    13:00 - 14:00 Lunch and Prayer
    14:00 - 16:00 Session 3 - IFSB-8: Guiding Principles on Governance for Takāful Undertakings - Cont’d
  • Governance Structure for Participants
  • Procedures for Proper Disclosure
  • Case Study
  • 14:00 - 16:00 Session 3 - IFSB-6: Governance for ICIS - Cont’d
  • Compliance with Sharī`ah Rules and Principles
  • Additional Protection for ICIS Investors
  • Case Study
  • 16:00 - 16:15 Coffee Break
    16:00 - 16:15 Coffee Break
    Day 2
    11/10/2017
    09:30 - 11:00 Session 4 - IFSB-14: Guiding Principle 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
  • 09:30 - 11:00 Session 4 - IFSB-15: Revised Capital Adequacy Standard for IIFS
  • Features of Sukūk and Securitisation in Sukūk
  • Role of IIFS in Sukūk Securitisation
  • Credit Enhancement and Assets in Securitisation
  • 11:00 - 11:30 Lunch and Prayer
    11:00 - 11:30 Lunch and Prayer
    11:30 - 13:00 Session 5 - IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings
  • Enterprise Risk Management
  • Risk Governance Framework
  • Transparency and Market Disclosure
  • 11:30 - 13:00 Session 5 - IFSB-15: Revised Capital Adequacy Standard for IIFS - Cont’d
  • Regulatory Capital for Sukuk in IIFS
  • Capital Requirements for Sukūk
  • Case Study
  • 13:00 - 14:00 Coffee Break
    13:00 - 14:00 Coffee Break
    14:00 - 16:00 Session 6 - IFSB-14: Guiding Principle on Risk Management for Takāful Undertakings
  • Key elements in the supervisory review process of risk management for Takāful undertakings
  • Systemic Risk Considerations
  • Case Study
  • 14:00 - 16:00 Session 6 - IFSB-19: Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukūk and ICIS)
  • Common General Principles
  • General Disclosure Principles Applicable to Sukūk
  • Sharīʻah and Structure-related Disclosures for Sukūk
  • Day 3
    12/10/2017
    09:30 - 11:00 Session 7 - Experience Sharing on Regulating Takāful & Retakāful Sector
    09:30 - 11:00 Session 7 - IFSB-19: Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukūk and ICIS) - Cont’d
  • Sharīʻah and Operations-related Disclosures for ICIS
  • Specialist ICIS Disclosure
  • Case Study
  • 11:00 - 11:30 Coffee Break
    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
  • Disclosure of Compliance with IFSB-10
  • 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
  • Disclosure of Compliance with IFSB-10
  • 13:00 - 14:00 Lunch and Prayer
    13:00 - 14:00 Lunch and Prayer
    14:00 - 16:00 Session 9 - IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS - Cont’d
  • Guiding Principles – Competence and Independence
  • Guiding Principles - Confidentiality and Consistency
  • Case Study
  • 14:00 - 16:00 Session 9 - IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS - Cont’d
  • Guiding Principles – Competence and Independence
  • Guiding Principles - Confidentiality and Consistency
  • Case Study
  • 16:00 - 16:15 Closing & Certificate Giving Ceremony
    16:00 - 16:15 Closing & Certificate Giving Ceremony
    16:15 - 16:45 Coffee Break
    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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