IFSB, BIBF set second joint Islamic Finance Executive Programme series for October

The Islamic Financial Services Board (IFSB) and BIBF are organising the second joint IFSB-BIBF Islamic Finance Executive Programme (IFEP) series, themed Towards a Vibrant Islamic Capital Market: Opportunities and Challenges, on 5 to 6 October 2015 in Manama, Bahrain.

This second edition of the IFSB-BIBF Islamic Finance Executive Programme will focus on expected catalysts of Islamic capital markets into the next phase of growth and development from the perspectives of market practitioners, regulators and academia. It also aims to promote an informed analysis and understanding of Islamic capital markets through discussions of topical and contemporary issues as well as of prospects and challenges relating to Islamic capital market products and services.

The sessions will include analysis and deliberations on the current trends and developments of the Islamic capital markets, innovations in sukuk structures such as perpetual sukuk, and prospects for cross-border sukuk. Furthermore, the participants will be exposed to issues related to development of new markets, Islamic collective investment schemes (ICIS), shari'ah-compliant hedging, as well as the role of the regulatory and supervisory authorities in ensuring market integrity, transparency and protection of investors.

The panel session, as a key feature of this Islamic Finance Executive Programme will highlight key issues and challenges in Islamic capital markets relating to the shari'ah framework, the resilience of its infrastructures as well as develop policy recommendations drawing on the views and experiences of both supervisors and market practitioners.

The agenda includes:

• Development of the Islamic capital market (ICM): Progress and trends
• Innovative sukuk structures: A new path for the growth of ICM
• Islamic collective investment schemes (ICIS): Promoting strong foundations
• Islamic real estate investment trusts (I-REITs): An emerging Asset Class for wealth management
• Shari'ah-compliant hedging instruments: Addressing the market risk management needs of the industry
• Sound development of the ICM: the supervisory role
• Panel discussion on building a vibrant ICM: key issues and challenges

The IFEP is ideal for regulators and supervisors of ICMs, Chief Executive Officers and board members of investment companies, originators and issuers as well as arrangers/bookrunners of ICM products, senior management at credit rating agencies, senior management of ICM Associations, Senior Managers in risk management, shari'ah governance and compliance functions, auditors, lawyers, academicians and researchers in ICM.

Interested?

Contact Hamizi Hamzah at hamizi at ifsb.org with enquiries.

IFSB plans workshops for banking, takaful and the Islamic capital market

The Islamic Financial Services Board (IFSB) will be organising three FIS workshops for banking, takaful and the Islamic capital market in October and November 2015 in Kuala Lumpur, Malaysia. 

The workshops are designed to enhance participants’ understanding of the respective standards and guiding principles applicable to each sector. 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. The organisation invites all regulatory and supervisory authorities from among IFSB member countries to participate.

FIS workshop for the Islamic capital market sector

19 to 21 October 2015

This workshop covers:

• Introduction to Islamic capital markets 
• Sharing of country experiences on the strategies and policies for developing vibrant Islamic capital markets
• Revised capital adequacy standard for institutions offering Islamic financial services (IIFS) (IFSB-15)
• Guiding principles on shari'ah governance systems for IIFS (IFSB-10) and Guiding principles on governance for Islamic collective investment schemes (ICIS) (IFSB-6)

FIS workshop for the takaful sector 

19 to 21 October 2015
This workshop covers: 

• Introduction to takaful
• Sharing of country experiences on the strategies and policies for developing a robust takaful industry
• Standard on risk management for takaful undertakings (IFSB-14)
• Standard on solvency requirements for takaful undertakings (IFSB-11), 
• Guiding principles on shari'ah governance systems for IIFS (IFSB-10) and 
• Guiding principles on governance for takaful undertakings (IFSB-8).

FIS workshop for the banking sector

16 to 20 November 2015

This workshop covers: 

• Revised guidance on key elements in the supervisory review process (IFSB-16) 
• Guiding principles on shari'ah governance systems for IIFS (IFSB-10) 
• Guidance note on quantitative measures for liquidity risk management (IFSB-6) 
• Recent developments in the supervisory review process framework and liquidity risk management at the global level

Interested?

Contact Hamizi Hamzah at hamizi at ifsb.org.