Jointly Organised by 2014 SHARIAH AUDIT CONFERENCE KEY PILLAR OF GOVERNANCE FOR ISLAMIC FINANCE 20 & 21 MAY 2014 HOTEL ISTANA, KUALA LUMPUR Sponsored by Supporting Bodies IIA Malaysia Member 16 CPD Points
2014 SHARIAH AUDIT CONFERENCE KEY PILLAR OF GOVERNANCE FOR ISLAMIC FINANCE SYNOPSIS The Bank Negara Malaysia s Shariah Governance Framework introduced in 2011 refers Shariah audit as a periodic assessment conducted from time to time, to provide an independent assessment and objective assurance designed to add value and improve the degree of compliance in relation to the business operations of Islamic Financial Institutions (IFI s) business operations, with the main objective of ensuring a sound and effective internal control system for Shariah compliance. Practically in Malaysia, it is the responsibilities of Shariah Advisor (SA) to ensure that all products and services and related policies and agreements of Islamic Instruments are in compliance with Shariah rules and principles. In terms of reporting, Shariah Advisors shall prepare a written Shariah opinion report in the Bank s annual financial statement in respect of its Shariah compliance. Duties and responsibilities of IFIs are to refer all Shariah issues to the Shariah Advisors. Shariah compliance audit is performed to manage operational risks in accordance with the Guiding Principles of Risk Management for Institutions (other than Insurance institutions) published by the Islamic Financial Services Board (IFSB). Currently, there is no standard Shariah Compliance Audit framework that can be used as guidelines in implementing external Shariah compliance audit in IFIs. Thus, the aim of the conference is to deliberate and facilitate the development of Shariah Audit Framework and Audit Programme to ensure the procedures (Maqasid Shariah) of each product in IFI are being followed. The participants will learn latest development on Shariah Audit and shall acquire adequate Shariah-related knowledge that will enable them to perform audit functions in a more constructive and effective manner.
2014 SHARIAH AUDIT CONFERENCE KEY PILLAR OF GOVERNANCE FOR ISLAMIC FINANCE PROGRAMME OUTLINE 8:15 am REGISTRATION AND REFRESHMENT DAY 1 20 MAY 2014 (TUESDAY) 9:00 am WELCOME REMARKS Mr. Ranjit Singh, President, The Institute of Internal Auditors Malaysia 9:15 am KEYNOTE ADDRESS YB Datuk Hj. Ahmad Bin Hj. Maslan, Deputy Minister, Ministry of Finance 10:00 am COFFEE BREAK Morning Session Moderator Hafni Mohd Said Chief Internal Auditor, Bank Muamalat Malaysia Berhad 10:30 am SESSION 1 SHARIAH GOVERNANCE FRAMEWORK: COMPLIANCE, ISSUES & CHALLENGES Haji Rustam Idris, Deputy Director, Islamic Banking and Takaful Dept, Bank Negara Malaysia 11:15 am A CRITICAL APPRAISAL ON SHARIAH COMPLIANCE AND GOVERNANCE BETWEEN GCC AND MALAYSIA PRACTICES Sheikh Esam M. Ishak, Member of Accounting & Auditing Standards Board of (AAOIFI) 12:00 noon Q & A SESSION 12:45 pm LUNCH Afternoon Session Moderator Prof. Dr. Abdul Rahim Abdul Rahman Vice Chancellor, Kuala Lumpur Metropolitan University College 2:00 pm SESSION 2 COMPLIANCE: INTERNAL AUDIT VS. SHARIAH REVIEW AND AUDIT Mohd Nazri Chik, General Manager/ Head of Shariah Division, Bank Islam Malaysia Berhad 2:30 pm SHARIAH REVIEW PROCESSES AND METHODOLOGIES: SHARING IBFIM S EXPERIENCE Haji Razli Ramli, Senior Managing Advisor, Shariah Business Advisory, IBFIM 3:00 pm Q & A SESSION 3:30 pm TEA BREAK 4:00 pm SESSION 3 ENHANCING ACCOUNTABILITY AND INTEGRITY IN IFI: THE ROLE OF KEY INTERNAL FUNCTIONS Dr. Marjan Muhammad, Head of Research Affairs Department International Shariah Research Academy for Islamic Finance (ISRA) 4:30 pm AUDITING ISLAMIC FINANCE: HOW DIFFERENT FROM CONVENTIONAL AUDIT Syed Alwi Mohamed Sultan, Head of Islamic Banking Asia Pacific, BNP PARIBAS Malaysia Berhad 5:00 pm Q & A SESSION 5:30 pm END OF DAY 1
2014 SHARIAH AUDIT CONFERENCE KEY PILLAR OF GOVERNANCE FOR ISLAMIC FINANCE 8:30 am WELCOMING COFFEE DAY 2 21 MAY 2014 (WEDNESDAY) 9:00 am SESSION 4 STANDARD OPERATING PROCEDURES OF SHARIAH REVIEW AND AUDIT Dr. Abdul Bari Mashal, General Manager Raqaba For Islamic Financial Consultations, UK 10:30 am COFFEE BREAK 11:00 am SESSION 5 TREATMENT FOR SHARIAH AUDIT FINDINGS Dr. Abdul Bari Mashal, General Manager Raqaba For Islamic Financial Consultations, UK 12:30 pm LUNCH Afternoon Session Moderator Ezamshah Ismail Dean of Professional Studies, International Centre for Education in Islamic Finance (INCEIF) 2:00 pm SESSION 6 CASE STUDY: DEVELOPING A SHARIAH REVIEW & AUDIT PROGRAMME & PREPARING SHARIAH AUDIT MANUAL Ahmad Nasri Abdul Wahab, Partner, KPMG Malaysia 3:30 pm TEA BREAK 4:00 pm SESSION 7 PANEL DISCUSSION: CONTEMPORARY AND CHALLENGING ISSUES IN IMPLEMENTING SHARIAH REVIEW & AUDIT Proposed panelists: Prof. Dr. Ashraf Md Hashim Chief Executive Officer ISRA Consultancy Sdn Bhd 5:00 pm Q & A SESSION Dr. Badrul Hisham Mohd Yusoff Chief Internal Auditor Bank Rakyat Dr. Aida Othman Director ZICOlaw Shariah Advisory Services Sdn Bhd 5:30 pm END OF CONFERENCE
CONFERENCE DETAILS REGISTRATION INFORMATION Conference Fees Conference fees include conference materials, lunches and refreshments and certificate of attendance. * Bank charges are not included How to Register Registration can be done by completing the enclosed form and returning it to us via fax at (+603) 9282 1241 or by email to conference@iiam.com.my. Confirmation will be sent by email upon receipt of full payment. Cancellation of Registration Cancellation must be notified in writing. Full refund can only be given if cancellation is made at least a week before the conference. Substitutes are allowed provided prior notification is given. Differences in fees should be made prior to the conference if the substitute is a non-member. Regrettably, no refund can be made for cancellations received after 14 May 2014 or non-attendance on the actual date of conference. REGISTRATION FORM Please type or print and tick where appropriate. Photocopy this form for additional registrations. Delegate Information Method of Payment All registrations must be accompanied with full payment of the registration fees. Registration will be confirmed until full payment is received. Payment can be made by the following methods: Cheque or Bank Draft made payable to THE INSTITUTE OF INTERNAL AUDITORS MALAYSIA Telegraphic transfer to the account below: Local Currency : MYR Bank Address : United Overseas Bank (M) Bhd : USJ Taipan Branch, No 7, Jalan USJ 10-1, USJ Taipan Triangle, 47620 UEP Subang Jaya, Selangor Account Number : 165-301-514-9 (MYR) Swift Code : UOVBMYKL Foreign Currency : USD Bank : Standard Chartered Bank Malaysia Bhd Address : No.2, Jalan Ampang, 50450 Kuala Lumpur, 55100 Kuala Lumpur, Malaysia Account Number : 3 12170 0242 35 (USD) Swift Code : SCBLM-YK-XXXX Credit Card All wire transfer payments should include USD30.00 (oversea) and RM25.00 (local) for wore transfer processing fee. For Giro, please include RM2.00 as bank charges. Enquiries Please direct enquiries, registrations and payments to : Professional Development Department The Institute of Internal Auditors Malaysia 160-3-3 Kompleks Maluri, Jalan Jejaka, Taman Maluri 55100 Kuala Lumpur, Malaysia Tel : +603 9282 1148 Fax : +603 9282 1241 Email : conference@iiam.com.my Website : www.iiam.com.my Closing Date : 11 May 2014 No. Participant Contact No. Email Designation Membership No. Vegetarian Name Address Meal ( ) 1. 2. 3. 4. 5. EARLY BIRD (before 30 April 2014) NORMAL RATE IIA Malaysia Member Non-Member of IIA Malaysia GROUP RATE (member or non member with 3 or more from SAME organization) RM1350 / USD415* RM1650/ USD505* RM1750/ USD535* RM1500/ USD460* Contact Person Details Organisation : Corporate Membership No : Mailing Address : Company Stamp and Authorised Signature : Contact Person : Designation : Office No : Fax No : E-mail :
REGISTRATION FORM Conference Registration Fees Payment Details Member (per person) Non-Member (per person) Total Fee (RM) No. of Person Sub Total Total Amount Payable (RM) Payment Information All registrations MUST be accompanied with full payment. Upon receipt of your registration, you are deemed to have read and understood the registration procedures and accepted the terms and conditions contained therein. (Please tick ( ) the chosen payment method) Enclosed is a cheque/bank draft no. for the sum of RM payable to THE INSTITUTE OF INTERNAL AUDITORS MALAYSIA. TELEGRAPHIC TRANSFER to the account below: Bank : United Overseas Bank (M) Bhd Address : USJ Taipan Branch, No 7, Jalan USJ 10-1, USJ Taipan Triangle, 47620 UEP Subang Jaya, Selangor Account Number : 165-301-514-9 (MYR) Swift Code : UOVBMYKL Bank : Standard Chartered Bank Malaysia Bhd Address : No.2, Jalan Ampang, 50450 Kuala Lumpur, 55100 Kuala Lumpur, Malaysia Account Number : 3 12170 0242 35 (USD) Swift Code : SCBLM-YK-XXXX All wire transfer payments should include USD30.00 (oversea) and RM25.00 (local) for wore transfer processing fee. For Giro, please include RM2.00 as bank charges. (Please fax the bank-in slip to +603 9282 1241 or email to training@iiam.com.my) CREDIT CARD I hereby authorise THE INSTITUTE OF INTERNAL AUDITORS MALAYSIA to charge to my credit card. To the value of RM/ USD Card Type: VISA MASTER AMEX Card Number: Expiry Date: Cardholder s Name: I understand that any amount drawn from my credit card will first be cleared with the credit card authorisation facility. Please note, your statement will indicate the grand total in Malaysian Ringgit equivalent. Signature (As per credit card) Date Enclosed is a letter of undertaking for payment of RM/ USD for the above registration. Please return the duly completed registration form together with your payment before the closing date to the following address : Professional Development Department The Institute of Internal Auditors Malaysia 160-3-3 Kompleks Maluri Jalan Jejaka, Taman Maluri 55100 Kuala Lumpur, Malaysia Tel : +603 9282 1148 Fax : +603 9282 1241 Email : conference@iiam.com.my Website : www.iiam.com.my