The Islamic Financial Services Board (IFSB) is organising the 4th Seminar on 
Legal Issues in the Islamic Financial Services Industry on 28 – 29 September 
2009 at Lanai Kijang, Bank Negara Malaysia, Kuala Lumpur. 


 Source:  <http://www.ifsb.org/legal2009/> http://www.ifsb.org/legal2009/


The Seminar will bring together expert contributions from among regulators, 
legal practitioners and consultants on pertinent issues and challenges faced in 
enhancing the legal framework of the evolving Islamic financial services 
industry. 

 

The 4th Seminar on Legal Issues in the Islamic Financial Services Industry aims 
to achieve the following objectives:

i.      To collect and record data on the various legal environments in which 
IIFS operate, and draw from the experiences of different jurisdictions in order 
to better understand and analyse the effectiveness of appropriate legal and 
regulatory framework for Islamic finance; 
ii.     To review the legal requirements in specific areas which are developing 
but critical in driving the industry forward. In particular, to focus on areas 
such as Sharī`ah Board's functions, liquidity management and dispute 
resolutions; and 
iii.    To discuss in depth the interface between the Sharī`ah and modern legal 
frameworks, as such interaction is fundamental to every single 
Sharî`ah-compliant finance contract used by IIFS. This requires that the 
knowledge and understanding of Sharī`ah scholars and legal practitioners of 
these issues are both hands-on and up-to-date at all times. 

 

The Seminar programme is designed to focus on the following areas: 

*       Duties and responsibilities of Sharī`ah Boards from a legal and 
regulatory perspective; 
*       IFSI insolvency and asset recovery framework - Gaps and challenges; 
*       Interlink/interface between civil law systems and Sharī`ah rules and 
principles and effective dispute resolution mechanism; and 
*       Challenges in managing legal risks in Islamic financial services 

 

The Keynote and Opening Addresses will be delivered by The Hon. Sir William 
Blair, High Court Judge of the Queen's Bench Division, United Kingdom and 
Professor Rifaat Ahmed Abdel Karim, Secretary-General of the IFSB respectively. 

 

Prior to the Seminar, Bank Negara Malaysia (BNM) will organise the SEACEN-BNM 
Banking and Financial Law School 2009 (BFLS) on 24 – 25 September 2009. Should 
you also wish to attend the BFLS, please call the below contact person for 
further details. Please take note that attending the BFLS entitles you for free 
entry to the IFSB Seminar. 

 
For enquiries and registration, please contact: 
 
4th Seminar on Legal Issues in the Islamic Financial Services Industry
Ms. Prudence Lee
Islamic Financial Services Board (IFSB)
Tel: +603 2698 4248 ext: 133
Email: [email protected]  <mailto:[email protected]> 
 
SEACEN-BNM Banking and Financial Law School 2009
Mr. Joseph Leong
Institute of Bankers Malaysia (Institut Bank-Bank Malaysia - IBBM)
Tel: +603 2095 6833 ext: 165
Fax: +603 2095 7822
Email: [email protected]  <mailto:[email protected]> 
            [email protected]
URL:   www.ibbm.org.my <http://www.ibbm.org.my/> 
            www.bnm.gov.my <http://www.bnm.gov.my/> 
            www.seacen.org <http://www.seacen.org/> 

 



 


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