09:00:00 – 10:30:00
Session 1: Legal and Regulatory Frameworks for Governance in Islamic Financial Institutions
  • • Recent regulatory trends in governance for IFIs
  • How to develop a corporate governance code for your company
  • Governance disclosures
  • The dynamics of decision making between the Board of Directors and the Shariah Committee
Jal Othman
Senior Partner, Shook Lin & Bok
10:30:00 – 11:00:00

11:00:00 – 13:00:00
Session 2: Governance Issues & Practices in Islamic Finance Institutions: Board Dynamics, Behavioural Biases & Responsibility Mapping
  • Key issues in the engagement between the board, Shariah committee and management
  • The problem of ‘groupthink’ and other behavioural biases in the boardroom and Shariah committee
  • Techniques to defeat behavioural biases
    • Awareness of unconscious bias
    • Diversity & inclusion
    • Devil’s advocate in the board
    • Chairman’s role in managing an open debate
  • Responsibility mapping in identifying key roles to minimize blind spots
Adil Ahmad
Independent Board Director, HSBC Amanah; Ex-CEO, Kuwait International Bank
13:00:00 – 14:00:00
Lunch & Prayer Break

14:00:00 – 15:30:00
Session 3: VBI & Governance Requirements for Islamic Financial Institutions
  • The link between VBI and Corporate Governance
  • Implementation of VBI within the Shariah Governance Framework
  • Integration of Shariah Governance functions towards VBI Assessment Framework
  • Key considerations for embedding VBI in IFIs
Ashraf Gomma Ali
Director & Regional Head, Shariah & Governance, Group Islamic Banking Division, CIMB
15:30:00 – 16:00:00

16:00:00 – 17:30:00
Session 4: Governance, Risk Management and Compliance (GRC) in Islamic Financial Institutions
  • The growth and linkage of GRC with Shariah compliance in IFIs
  • The impact of non compliance to Shariah
  • The vital first step – establishing the management tone at the top
  • COSO Framework in Islamic finance business/li>
  • Control activities, internal controls, responsibilities and uses through the eyes of different stakeholders
  • Inherent limitations of internal controls
Ahmad Bin Zainal Abidin
Head, Shariah Advisory, Research & Training, Zurich Takaful Malaysia Berhad
17:30:00 –