09:00 – 10:30
Session 1: Updates on Shariah Governance Requirements for IFIs
- Examining recent regulatory requirements on Shariah governance, audit and compliance
- Implications of the regulatory requirements for Shariah audit, risk management and Shariah non-compliance reporting functions within an Islamic financial institution
- Key considerations of the recent regulatory requirements
- Managing the differences in views between the Board & Shariah Committee
- Managing the differences in views between the Shariah Committee & the Shariah Advisory Council without jeopardising the integrity of Shariah requirements
- Integration between the Board & the Shariah Committee
- Voting rights of Shariah Committee members (Shariah and non-Shariah background)
Associate Professor Dr Rusni Hassan
Deputy Dean, IIUM Institute of Islamic Banking and Finance
Deputy Dean, IIUM Institute of Islamic Banking and Finance
10:30 – 11:00
Coffee
11:00 – 12.30
Session 2: Building an Effective Shariah Compliance Culture
- Setting the tone from the top
- Integrating Shariah governance across all functions
- Defeating behavioural bias
- Developing rewards & incentives policy for ensuring Shariah compliance
- Shariah non-compliance risk reporting & management
Associate Professor Dr Rusni Hassan
Deputy Dean, IIUM Institute of Islamic Banking and Finance
Deputy Dean, IIUM Institute of Islamic Banking and Finance
12.30 – 13:30
Lunch & Zuhr Prayer
13:30 – 15:00
Session 3: Managing Shariah Non-compliance Risks
- Cases of material Shariah non-compliance events
- Information requirements on material Shariah noncompliance events
- Key success factors in managing Shariah non-compliance risks
Mohd Nazri Chik
Group Chief Shariah Officer, Bank Islam Malaysia Berhad
Group Chief Shariah Officer, Bank Islam Malaysia Berhad
15:00 – 15:30
Coffee
15:30 – 17:00
Session 4: Identifying and Managing Typical Pitfalls in Shariah Governance
- Disclosure to Shariah board
- Disclosure to clients on specific Shariah solutions
- Understanding the building blocks in structuring products
- Due diligence
- Key success factors of an effective control function
Mohd Zikri Mohd Shairy
Chief Executive Officer, Amanie Advisors
Chief Executive Officer, Amanie Advisors