A workshop for the implementation of banking standards issued by the Islamic Financial Services Council

by **claud39** Wed Apr 10, 2019 7:34 am

April 10, 2019

A workshop for the implementation of banking standards issued by the Islamic Financial Services Council Article-155488606137192

The Iraqi Central Bank in Baghdad hosted a workshop on the implementation of banking standards issued by the Islamic Financial Services Council (IFSB), from 7-9 April 2019, in the presence of a delegation of members of the Islamic Financial Services Board. The workshop focused on the following criteria:

Standard No. 15: Revised Capital Adequacy Standard for Institutions offering Islamic Financial Services.

Guiding Principles No. 3: Guidelines for Payment Support Practices for Investment Account Holders.

Guiding principles 4: Capital adequacy guidelines: Determination of the "alpha" factor in the capital adequacy ratio.

Guideline 6: Quantitative measures for liquidity risk management.

The workshop aims at enhancing the participants' understanding of the standards and guidelines issued by the Islamic Financial Services Council, assisting the participants in practical application of the issues addressed by the standards, and encouraging the exchange of experiences among participants on the implementation of the standards and guidelines issued by the Islamic Financial Services Council.

The workshop was held for the first time in Iraq in the presence of members and trainers of the Islamic Financial Services Council based in the Malaysian capital Kuala Lumpur, which was established in 2002, and the Central Bank of Iraq has full membership in this Council.

Tuesday 9 April 2019

https://cbi.iq/news/view/1065

by **claud39** Wed Apr 10, 2019 7:38 am

The IFSB Organises Workshop on Banking Standards in Iraq

A workshop for the implementation of banking standards issued by the Islamic Financial Services Council Banner_press2

A workshop for the implementation of banking standards issued by the Islamic Financial Services Council Banner_press2

Date posted: 14 March 2019

Kuala Lumpur, 14 March 2019 - The Islamic Financial Services Board (IFSB) is organising a Facilitating the Implementation of the IFSB Standards (FIS) Workshop in Baghdad, Iraq on 7 – 9 April 2019.This Workshop is hosted by the Central Bank of Iraq.

The 3-day Workshop will focus on the following IFSB Standards:

IFSB-15: Revised Capital Adequacy Standard for Institutions Offering Islamic Financial Services (IIFS);
GN-3: Guidance Note on the Practice of Smoothing the Profit Payout to Investment Account Holders;
GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for IIFS; and
GN-6: Guidance Note on Quantitative Measures for Liquidity Risk Management

Overall, the Workshop aims to:

[list="color: rgb(118, 118, 118); font-size: 11px; background-color: rgb(198, 200, 203);"]
[*]Enhance the participants’ understanding of the respective Standards and Guiding Principles;

[*]Assist the participants in the practical application of issues addressed in the particular standards through case studies, hands-on exercises and other interactive tools; and

[*]Promote the sharing of experiences among the participants on the implementation of respective IFSB Standards and Guiding Principles.

[/list]

The FIS Workshops are a part of the IFSB’s support to its members based on the Strategic Key Result Area 2 (SKRA 2) on the Facilitating the Implementation of Prudential Standards and Capacity Development under the IFSB’s Strategic Performance Plan (SPP) 2016-2018”, to assist member organisations in adopting and implementing the IFSB Standards.

For enquires on IFSB workshops and membership services, please contact the IFSB Secretariat at ifsb_sec@ifsb.org.

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https://www.ifsb.org/preess_full.php?id=468&submit=more

by **claud39** Wed Apr 10, 2019 12:16 pm

The Central Bank hosts a workshop to implement the standards issued by the Islamic Financial Services Council

10/04/2019

Economy News - Baghdad

The Iraqi Central Bank in Baghdad hosted a workshop on the implementation of banking standards issued by the Islamic Financial Services Council (IFSB), from 7-9 April 2019, in the presence of a delegation of members of the Islamic Financial Services Board.

"The focus of this workshop was on Standard No. 15, the amended standard for capital adequacy for institutions offering Islamic financial services, and guidance on profit-support practices for investment account holders, " the central bank said in a statement .

"The workshop also focused on guidance on the capital adequacy standard: determining the alpha factor in the capital adequacy ratioand guiding principles No. 6: quantitative measures for liquidity risk management."

"The workshop aims at enhancing the participants' understanding of the standards and guidelines issued by the Islamic Financial Services Council, assisting the participants in the practical application of the issues addressed by the standards, and encouraging exchange of experiences among participants on the implementation of the standards and guidelines issued by the Islamic Financial Services Council."

The workshop was held for the first time in Iraq in the presence of members and trainers of the Islamic Financial Services Council based in the Malaysian capital Kuala Lumpur, which was established in 2002, and the Central Bank of Iraq has full membership in this Council.

http://economy-news.net/content.php?id=16203