Developing Sustainability Frameworks for Financial Institutions

SIDC CPE-approved: 10 CPE Points

Date: 20^th & 21^st November 2023
Venue: Kuala Lumpur

Classroom Training

WHY THIS COURSE?

By the very nature of their businesses and operations, financial institutions are intrinsically exposed and linked to the consequences of important concepts such as climate change. How institutions choose the assets they finance, the tools and structures they use, how they operate and how they report on their activities is crucial to measuring and managing how sustainable a financial institution is deemed to be. To ensure this process takes place effectively, the development and implementation of a robust sustainability framework is a vital part of the management and governance of a modern financial institution.

This two-day intensive physical program will review key risks, including climate risk, and how they affect and influence a financial institution. The program will also examine how the effective identification of these risks can assist a financial institution in pinpointing where and how sustainability can be further incorporated into their businesses and activities, and what the operational response to climate stress and shocks should be. The course will examine key regulatory initiatives and their implications for developing sustainability frameworks. Sustainability disclosure and reporting requirements will be covered in detail, as will be the practical mitigation of greenwashing.

Key Learning Outcomes:
- Dealing with unexpected climate-related risks, stress and shocks
- Understanding sustainability principles and their impact on financial services
- Assessing the response of the Islamic financial services sector to climate risk
- Developing strategies for enhancing financial market resilience
- Examining sustainability reporting and disclosure for Islamic financial institutions
- Establishing benchmark sustainability disclosures for banking, capital markets and Takaful
- Identifying and mitigating Greenwashing risks

Fee

Fee per participant: RM4,500/US$1,100

Discounts are available for group bookings. Please contact us for more details.

In-house/group training

If you are looking for an in-house training program or wish to send a group to an existing public program, kindly please contact Andrew Tebbutt at [email protected] or +603 2162 7802.
Learn More

For enquiries please contact:

Normariya Sariman
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 44

Ramesh Kalimuthu
Events Sales Director
[email protected]
Direct Line: +603 2162 7800 ext 65
Fax: +603 2162 7810

For sponsorship & speaking opportunities:

Andrew Tebbutt
Managing Director
[email protected]
Direct Line: +603 2162 7802

For marketing and media enquiries

Govina Selvanthran
Marketing Manager
[email protected]
Direct Line: +603 2162 7800 ext 22

Developing Sustainability Frameworks for Financial Institutions

SIDC CPE-approved: 10 CPE Points

Date: 20^th & 21^st November 2023
Venue: Kuala Lumpur

Classroom Training

WHY THIS COURSE?

Key Learning Outcomes:
- Dealing with unexpected climate-related risks, stress and shocks
- Understanding sustainability principles and their impact on financial services
- Assessing the response of the Islamic financial services sector to climate risk
- Developing strategies for enhancing financial market resilience
- Examining sustainability reporting and disclosure for Islamic financial institutions
- Establishing benchmark sustainability disclosures for banking, capital markets and Takaful
- Identifying and mitigating Greenwashing risks

Fee

Fee per participant: RM4,500/US$1,100

Discounts are available for group bookings. Please contact us for more details.

In-house/group training

If you are looking for an in-house training program or wish to send a group to an existing public program, kindly please contact Andrew Tebbutt at [email protected] or +603 2162 7802.
Learn More

Day One

Session 1: Assessing the Sustainability Timeline and Responses

Dealing with disruption and shocks – a stress assessment
Emerging risks for sustainable finance – climate change
A global snapshot of sustainability principles and their impact on financial services
Integration of sustainability principles in the financial sector – a summary of approaches
The Malaysian case: Bank Negara Malaysia Financial Sector Blueprint (2022-2026), Securities Commission Sustainable, Responsible Investment guidelines

Session 2: Islamic Finance and the Global Sustainability Agenda

Sustainability challenges for Islamic finance post-crisis
The Islamic finance approach: responsible financing standards in Islamic jurisdictions
A reminder of the key tenets of value-based intermediation (VBI)
Sustainability strategies for enhancing Islamic financial market resilience:
- Assessing Islamic finance sector strategies internationally: Turkey vs Malaysia
- VBI/T – converging the objectives of Islamic law with financial sector responsibility
- VBI/T Assessment Framework (VBIAF) and social impact scorecard development
- VBI/T sectoral guide and the incentive-driven approach
- Corporate value intent – ethical financing as a strategic statement

Day Two

Session 3: Reporting and Disclosure of Sustainability for Islamic finance

Sustainability reporting and disclosure for Islamic financial institutions
- What are the expectations? Reviewing the GRI standards, IFRS and TCFD guidelines
- Case studies: Assessing first mover Sustainability and Social Impact reporting of Islamic banks
Considering KPI-driven sustainability targets for Islamic finance
Mini cases of benchmark sustainability disclosures in banking, capital markets and Takaful practice

Session 4: Sustainability Arbitrage and Greenwashing Risk – Recalibrating the moral compass

Understanding sustainability arbitrage and defining the responsibility parameters
Contrasting the value-based intermediation (VBI), VBIT (VBI for Takaful) with ESG and sustainability principles – ensuring ethical reporting practices
Greenwashing risks and the discerning stakeholder
Case studies of recent greenwashing incidents in the financial sector, the repercussions and risks
Strategizing for the short to medium term: sustainability, social impact and Shariah best practice

EXPERT COURSE DIRECTOR

Dr Ziyaad Mahomed
Associate Professor Centre of Excellence in Islamic Social Finance at INCEIF

Dr Ziyaad Mahomed is an Islamic finance scholar from South Africa, providing Islamic finance and Shariah advisory since 1998. He served as Associate Dean and Director of E-Learning & Executive Education at INCEIF for 3 years. He is currently Assistant Professor, Lead Researcher (Shariah) at the Centre of Excellence in Islamic Social Finance at INCEIF, and Head of Online Programs. He specializes in Shariah (Islamic jurisprudence), Islamic Social and Sustainable Finance, Fintech and Islamic Capital Markets. Dr Ziyaad has provided training and advisory on almost all aspects of Islamic finance in more than 20 countries, to more than 12,000 Finance Professionals and Islamic Scholars, and was awarded a lifetime achievement honor in recognition of his contribution to Islamic finance in Africa. He also serves as advisor/consultant on fintech, Islamic social finance and Sukuk to government organisations in the United Kingdom, Kazakhstan, the Philippines, and Nigeria amongst others. Dr Ziyaad serves as Chairman of the Shariah committees of HSBC Amanah (Malaysia), Taj Bank (Nigeria), Ayady Takaful (Maldives), iConsult Africa (South Africa), FBN Quest Asset Managers (Nigeria) and Iman Ltd (Uzbekistan) among others. He also serves as Shariah Board Member of the Bank of Maldives Islamic and other Islamic financial service institutions internationally. He has served as the External Shariah Auditor for some of the largest Islamic financial institutions in the Middle East, Africa, and South-East Asia since 2006.

Who Will Benefit?

Senior management and board members of financial institutions
Heads of Islamic banking
Financial managers
Risk officers
Sustainability officers
Strategy officers
Investment and corporate bankers
Audit and compliance professionals
Financial regulators and supervisors

REGISTRATION

*Please note there is a fee for attending this program. Please contact us for more details.

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Before completing this registration form please read and understand our booking and cancellation policy. Thank you.

Presentation materials: – important, please read carefully

as part of our sustainability drive, we offer standard access to an electronic version of the course materials. A hard copy of the materials can be provided for a fee: RM100 per copy for Malaysia-based participants; US$150 per copy for all other locations.

Please tick here should you wish to receive a hard copy of the course materials.

Booking, Payment and Cancellation Policy – important, please read carefully

By completing, signing and revised, sent separately us this registration form you are conﬁrming participants on the program. You are also conﬁrming your understanding of our Booking, Payment and Cancellation Policy.

Cancellation Policy: If participants cannot attend the program, replacement participants are always welcome. Otherwise, participants must notify us any of cancellations or requests to transfer to a diﬀerent program at least 14 days before the program date to be eligible for a refund, less a 5% administration on fee. Participants who cancel within 14 days of the program start date are liable to pay the full program fee and no refunds will be given. Instead fees will be converted to a REDmoney Seminars voucher equivalent to the original fee, less a 10% administration charge. This voucher is transferable within your organization and must be redeemed within one year of issue or become void. If a program is postponed for whatever reason registrations and fees will be automatically transferred to the new program date. Participants who wish to transfer to a diﬀerent program will be subject to the same terms as above and charged any diﬀerence in fees. No refunds or program vouchers will be issued for a no-show.
Payment Terms: All program fees are payable upon invoice. REDmoney shall receive the full program fee with no deductions of any description. All telegraphic transfer fees, taxes and levies (domestic or otherwise) shall be borne by the sponsoring organization.

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CPE/CPD Applicable:

For enquiries please contact:

Normariya Sariman
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 44

Ramesh Kalimuthu
Events Sales Director
[email protected]
Direct Line: +603 2162 7800 ext 65
Fax: +603 2162 7810

For sponsorship & speaking opportunities:

Andrew Tebbutt
Managing Director
[email protected]
Direct Line: +603 2162 7802

For marketing and media enquiries

Govina Selvanthran
Marketing Manager
[email protected]
Direct Line: +603 2162 7800 ext 22