CIBAFI World Bank Conference on Corporate Governance of Islamic Financial Institutions:

Organised by CIBAFI World Bank Conference on Corporate Governance of Islamic Financial Institutions: Overcoming Challenges and Implementing Best Practices 2 nd October 2018 Sasana Kijang, Kuala Lumpur, Malaysia Diamond Partner In Support of

About CIBAFI General Council for Islamic Banks and Financial Institutions (CIBAFI) is a non-profit institution that constitutes the official umbrella for Islamic financial institutions in the world. It was founded by the Islamic Development Bank (IDB) and a number of leading Islamic financial institutions. It is considered as one of the International Islamic Infrastructure Institutions. It was established on 16th May 2001 in the Kingdom of Bahrain. Today, CIBAFI with over 125 members from more than 33 jurisdictions, is recognized as a key piece in the international architecture of the Islamic finance industry. In its mission to support Islamic financial services industry (IFSI) by being the leading industry voice advocating regulatory, financial and economic policies that are in the broad interest of our members and that foster the development of the Islamic Financial Services Industry and sound industry practice, CIBAFI is guided by its Strategic Objectives, which are 1) Policy, Regulatory Advocacy, 2) Research and Publications, 3) Awareness and information sharing and 4) Professional Development. CIBAFI www.cibafi.org About The World Bank Group The World Bank Group comprises five institutions which share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. The five institutions are: the World Bank, including the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA); the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement and Investment Disputes (ICSID). The World Bank www.worldbank.org About the Conference This 2 nd edition of the Annual conference on Corporate Governance in Islamic financial institutions is in succession to a highly successful first joint conference oganised by CIBAFI and the World Bank in 2015 in Amman, Jordan. The objective of the conference is to reinforce both CIBAFI and World Bank commitment to help foster the development of Islamic finance globally including in the developing markets in the area of Corporate Governance. The conference brings together various Corporate Governance stakeholders from the Islamic finance industry, multilateral institutions, international and national regulatory bodies, policy-makers, and academia to discuss emerging issues and discuss best practices to ensure industry s continued success. The delegates of the conference would have an exceptional opportunity to gain key insights into the most significant areas of corporate governance including discussions on imminent challenges and opportunities. The conference provides an excellent platform to share best practices in corporate governance in the face of compelling and pre-emptory regulatory regimes.

Day 1: 2 nd October 2018 08:00 09:00 Registration and morning coffee 09:00 09:30 Welcoming Remarks 1. Mr. Abdelilah Belatik, Secretary General, General Council for Islamic Banks and Financial Institutions 2. Mr. Abayomi A. Alawode, Head of Islamic Finance, The World Bank 3. Mr. Abdulhameed M. Aboumoussa, Governor, Faisal Islamic Bank of Egypt, Deputy Chairman of CIBAFI 4. Dato Haji Mohd Redza Shah Abdul Wahid, Chief Executive Officer, Bank Muamalat Malaysia Berhad 09:30 10:00 Keynote Address 1. H.E. Sheikh Saleh Kamel, Chairman, General Council for Islamic Banks and Financial Institutions (Tentative) 2. H.E. Wimboh Santoso, Chairman of the Board of Commissioners, Financial Services Authority (OJK), Indonesia 10:00 11:00 Opening Panel: Outlook of Recent Corporate Governance Practices of Islamic Banks Mr. Musa Abdulaziz Shihadeh, Chief Executive Officer & General Manager, Jordan Islamic Bank, Jordan 1. Dr. Bello Lawal Danbatta, Secretary General, Islamic Financial Services Board (IFSB), Malaysia 2. Prof. Dato Dr. Azmi Omar, President & Chief Executive Officer, International Centre for Education in Islamic Finance (INCEIF), Malaysia 3. Dr. Ashraf Gamal ElDin, Chief Executive Officer, Hawkamah - Institute of Corporate Governance, United Arab Emirates 4. Mr. Luke Ombara, Director - Regulatory Policy & Strategy, Capital Market Authority, Kenya 11:00 11:30 Coffee Break Session 1: Board Effectiveness as a Major Issue of Corporate Governance Practices of Islamic Banks 11:30 13:00 Key challenges in the board structure and composition within Islamic financial institutions The implication of ownership concentration on Islamic Finance Institutions business performance and expansion Key issues in the engagement between the board, committees and management The role of Boards in compensation policy Code of Conduct frameworks for Islamic financial institutions Strengthening the rights of shareholders/stakeholders Appropriate accountability mechanisms to protect the rights of account holders and shareholders in IFI s Mr. Nidal Barghouti, General Manager, Safa Bank, Palestine 1. Mr. Jalalullail Othman, Board Member & Head of Islamic Finance, CIMB

13:00 14:00 Lunch Islamic Bank Berhad, Malaysia 2. Mr. Md. Mahbub-ul-Alam, Managing Director & Chief Executive Officer, Islami Bank Bangladesh Limited, Bangladesh 3. Mr. Nicholas Edmondes, Partner- International Department, Trowers & Hamlins, Malaysia 4. Mrs. Amal Gasim Ahmed Mohammed, General Manager, Family Bank, Sudan Session 2: Risk Management, Transparency and Reporting Requirements 14:00 15:30 The degree of compliance of the reporting practices of IFI s with International Financial Reporting Standards (IFRS) and AAOIFI standards The degree of fulfillment of reporting requirements of IFI s through IFRS The reporting of investment accounts Risk based reporting and market efficiency Transparency and reporting issues related to Basel requirements Cyber Security and Governance: trends, principles and awareness Mr. Khairul Nizam, Chief Executive Officer, Finance Accreditation Agency, Malaysia 1. Mr. Shadi Zahran, Chief Financial Officer, Kuwait Finance House, Kuwait 2. Mr. Hassan Usman, Managing Director & Chief Executive Officer, Jaiz Bank PLC, Nigeria 3. Mr. Abed Al-Kareem Ersan Sukkari, Chief Risk Officer, Islamic International Arab Bank, Jordan 4. Mr. Gonzalo Rodríguez, General Coodinator, Saudi-Spanish Center for Islamic Economics and Finance (SCIEF), Spain 5. Mr. Nik Shahrizal Sulaiman, Executive Director, PwC Malaysia 15:30-16:00 Coffee Break Session 3: Shariah Governance 16:00-17:30 The role and structures of Shariah Supervisory Boards (SSB) in the light of strengthening regulatory regimes The accountability of the SSB: being responsible for overall institution s Shariah Governance policy The independency of SSB: the choice between having SSB at national and/or institutional levels or a hybrid approach Aligning SSB and the BOD towards greater synchronisation and harmony Case studies and sharing best practices 1. Prof. Dr. Zulkarnain Muhamad Sori, Professor, International Centre for Education in Islamic Finance (INCEIF), Malaysia 2. Dr. AbdelGadir Warsama Ghalib, Founder & Principal Legal Counsel, Dr. AbdelGadir Warsama Consultancy, Bahrain 3. Dr. Ali Al Sartawi, Shariah Board Member, Palestine Islamic Bank, Palestine 4. Dr. Mohamed Karrat, Associate Director, Al Maali Group, Morocco 5. Dr. Saad Bakkali, Manager - Higher Shariah Authority, Central Bank of the United Arab Emirates 17:30 End of Conference DISCLAIMER: This agenda is provided for information purpose only. Please be advised that this agenda is subject to change.

Organised by CIBAFI World Bank Conference on Corporate Governance of Islamic Financial Institutions: Overcoming Challenges and Implementing Best Practices 2 nd October 2018 Sasana Kijang, Kuala Lumpur, Malaysia Registration Form -------------------------------------------------------------------------------- (االسم) Name ------------------------------------------------------------------------ (الجنسية) Nationality ----------------------------------------------------------------------- (المؤسسة) Institution ------------------------------------------------------------------ (المسمى الوظيفي) Position -------------------------------------------------------------------------- (القسم) Department ---------------------------------------------------------------------------- (العنوان) Address ---------------------------------------------------------------------------- (الدولة) Country --------------------------------------------------------------------- (البريد اإللكتروني) Email --------------------------------------------------------------------------- (الهاتف) Telephone -------------------------------------------------------------------------------------(الفاكس ( Fax ------------------------------------------------------------------------------- (الجوال) Mobile Please send the completed form to CIBAFI Secretariat Tel: +973-17357300 Fax: +973-1732 4902 E-mail : events@cibafi.org