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18 May | Monday
IFSB-INCEIF Executive Forum for Islamic Finance to Discuss Islamic Liquidity Management

15 May 2015, Kuala Lumpur – The Islamic Financial Services Board (IFSB) and the INCEIF - The Global University of Islamic Finance are organising the seventh Executive Forum (EF) on Islamic Finance on 3 – 4 June 2015. The IFSB-INCEIF EF Series aim to provide a platform for global leaders in Islamic fi­nance to discuss selected emerging issues facing the global Islamic ­financial services industry. The EF places an emphasis on issues related to supervision and prudential regulation, both at national and international levels, harnessing from the experiences of a distinguished pool of global experts, academics and practitioners.

The 7th edition of the Executive Forum, themed, Building Momentum for Islamic Liquidity Management will be held on 3 – 4 June 2015 in Sasana Kijang, Kuala Lumpur, Malaysia. This EF brings to the fore new insights on the interactions between internal liquidity and external funds (e.g. profit-sharing investment accounts, Sukuk, etc.) as well as discusses how these interactions affect both the way an Islamic finance institution contemplates its financial decisions, and how regulators formulate appropriate liquidity risk management policies. Moreover, the EF will discuss the current conventional and Islamic overviews of liquidity risk management and the challenges in building a resilient and robust liquidity risk management framework in the future. Finally, the EF will also include deliberations on the new developments in the regulatory landscape, with a special focus on the emerging liquidity risk management requirements, such as the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR), in addition to how these requirements can encompass Islamic finance specificities.

The speakers who have confirmed their participation in this June EF are as follows:
· Mr. Azahari Abdul Kudus, Chief Treasurer, KFH Malaysia
· Mr. Daud Vicary Abdullah, President and CEO, INCEIF
· Mr. Ijlal Alvi, Chief Executive Officer, International Islamic Financial Market
· Mr. Abdullah Karatas, Manager, Investments, Islamic Development Bank
· Prof. Dr. Merouane, Adjunct Professor, INCEIF
· Mr. Prasanna Seshachellam, Director, Supervision, Dubai Financial Services Authority, UAE

The speakers will provide their expertise — through panel sessions, discussion groups, and practical case studies — on the ongoing opportunities and challenges in the existing infrastructure for managing liquidity risks in Islamic finance. The participants will also be exposed to the liquidity risk management infrastructure in Islamic finance, especially to Shariah-complaint High Quality Liquid Assets (HQLA), Shariah -compliant Deposit Insurance and Lender of Last Resort (LOLR). A key feature of the Executive Forum is a Panel Discussion where participants have the opportunity to share information and experiences from both supervisors and market players on the challenges and strategies for developing an effective Islamic liquidity management framework.

The IFSB and INCEIF have the pleasure to invite representatives from regulatory institutions as well as industry and thought leaders to participate and share their experiences with their peers at this interactive knowledge-sharing platform. For further information and to register, please visit www.ifsb.org.

Please email Mr. Hamizi Hamzah at hamizi@ifsb.org / ifsb_sec@ifsb.org for queries on the Executive Forum.
 

source: ISLAMIC FINANCIAL SERVICES BOARD
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