ISLAMIC FINANCIAL SERVICES BOARD 

Media Contact: Mrs. Siham Ismail Tel: 6 03 2698 4248 ext. 119 / Email:
[email protected] 

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Pre-summit event at 8th Annual IFSB Summit to discuss developments in
liquidity management for the Islamic financial services industry



Kuala Lumpur, 15 April 2011 – The Islamic Financial Services Board (IFSB) is
organising its 8th Summit "Enhancing Global Financial Stability: Challenges
and Opportunities for Islamic Finance" on 10-13 May 2011 in Luxembourg.
Banque centrale du Luxembourg is hosting the Summit. Three pre-Summit events
will be held on 10 - 11 May 2011 at the Chambre de Comemrce Luxembourg.
These are: 

1.        Workshop on Islamic Finance and the IFSB Standards for
Institutions offering Islamic Financial Services and Islamic Capital
Markets; 
2.        Country Showcases by Malaysia and Luxembourg; and 
3.        Special Session on Liquidity Management in the Islamic Financial
Services Industry. 

 <http://www.ifsbluxembourg2011.com./programme_workshop.html> Workshop on
Islamic Finance and the IFSB Standards for Institutions offering Islamic
Financial Services and Islamic Capital Markets, 10 May 2011 
The Workshop is open to all participants attending the Summit, as well as to
those who wish to familiarise themselves with the Islamic financial services
industry and the work of the IFSB. It will be conducted by members of the
IFSB Secretariat and two professionals, Professor Simon Archer, IFSB
Consultant and Visiting Professor at the ICMA Centre, University of Reading,
UK; and Daud Vicary Abdullah, Global Islamic Finance Leader, Deloitte
Corporate Advisory Services, Malaysia. 

The Workshop will cover the following topics: 

·        Concept and Contracts of Islamic Finance; the IFSB Guiding
Principles on Conduct of Business for Institutions offering Islamic
Financial Services – Overview and Case Studies 
·        IFSB Standard on Capital Adequacy Requirements for Sukûk,
Securitisations and Real Estate Investments 
·        IFSB Guiding Principles on Governance for Islamic Collective
Investment Schemes. 

 <http://www.ifsbluxembourg2011.com./programme_country.html> Country
Showcases, 11 May 2011 
The Luxembourg Country Showcase will be held in the morning of 11 May 2011.
It will be followed by a Malaysia Country Showcase entitled "Investor's
Forum on Opportunities in Malaysia". 
  
 <http://www.ifsbluxembourg2011.com./programme_special.html> Special Session
on Liquidity Management in the Islamic Financial Services Industry, 11 May
2011 
The IFSB and Banque centrale du Luxembourg are jointly organising this
Special Session in the afternoon of 11 May 2011. The Special Session will
discuss issues relating to liquidity management in the Islamic financial
services industry. It will also include a presentation on the recently
established International Islamic Liquidity Management Corporation, an
initiative that was facilitated by the IFSB and which started operations in
February 2011. 

This Special Session will address: 
·        Liquidity Management in the Islamic Financial Services Industry -
Challenges and Opportunities 
·        Establishment of the International Islamic Liquidity Management
Corporation 
·        Panel Discussion on Key Components for Structuring International
Liquidity Instruments: Sharî`ah, Legal, Rating, Trading, Clearing and
Settlement 

The confirmed speakers in the Special Session include Professor Simon
Archer, IFSB Consultant and Visiting Professor, ICMA Centre, University of
Reading, UK; Dr. Mohd Daud Bakar, President and Chief Executive Officer,
Amanie Business Solutions; Raja Teh Maimunah, Global Head of Islamic
Markets, Bursa Malaysia; and Anouar Hassoune, Managing Director, Real
Economy Partners. 

More information on the 8th IFSB Summit and these three events is available
at www.ifsbluxembourg2011.com. 

NOTE TO EDITOR: 

About the Islamic Financial Services Board (IFSB) 
The IFSB is an international standard-setting organisation that promotes and
enhances the soundness and stability of the Islamic financial services
industry by issuing global prudential standards and guiding principles for
the industry, broadly defined to include banking, capital markets and
insurance sectors. The IFSB also conducts research and coordinates
initiatives on industry-related issues, as well as organises roundtables,
seminars and conferences for regulators and industry stakeholders. Towards
this end, the IFSB works closely with relevant international, regional and
national organisations, research/educational institutions and market
players. 

As at March 2011, the 191 members of the IFSB comprise 54 regulatory and
supervisory authorities, six international inter-governmental organizations
and 131 market players, professional firms and industry associations
operating in 43 jurisdictions. 

For more information about the IFSB, please visit www.ifsb.org 
 

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