Friday, 4 October 2019

IFSB organises workshop about takaful standards in Malaysia

The Islamic Financial Services Board (IFSB) is organising a workshop in Kuala Lumpur, Malaysia on standards from 29-31 October 2019. The Facilitating the Implementation of the IFSB Standards (FIS) Workshop is tailored for the regulatory and supervisory authorities for the takāful sector.

The workshop will focus on the following IFSB standards:

- Introduction to takāful (Islamic insurance)

- IFSB-8: Guiding Principles on Governance for Takāful Undertakings;

- IFSB-10: Guiding Principles on Sharī`ah Governance Systems for IIFS;

- IFSB-11: Standard on Solvency Requirements for Takāful Undertakings;

- IFSB-14: Standard on Risk Management for Takāful Undertakings;

- IFSB-18: Standard on Risk Management for Takāful Undertakings; and

- IFSB-20: Key Elements in the Supervisory Review Process of Takāful/Retakāful Undertakings

Overall, the workshop aims to enhance the participants’ understanding of the respective standards and guiding principles, thereby facilitating the implementation of these standards in their respective jurisdictions while providing examples practical applications through case studies, hands-on exercises and other interactive tools.

The FIS workshops are a part of the IFSB’s support to its members based on the Strategic Key Result Area 2 (SKRA 2) of Facilitating the Implementation of Prudential Standards and Capacity Development under the IFSB’s Strategic Performance Plan (SPP) 2019-2021.

Details:

Contact the IFSB Secretariat at ifsb_sec@ifsb.org with enquiries.

Register