IAIS Malaysia

Past Events

Training Programme: Regulatory and Compliance Framework in Islamic Finance Under IFSA 2013

Date: 12 & 13 October 2015 (Monday & Tuesday)
Venue: IAIS Malaysia, Jalan Elmu, Off Jalan Universiti, Kuala Lumpur, Malaysia.
Organiser:  International Institute of Advanced Islamic Studies (IAIS) Malaysia.

IFT 12OCT2015

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acrobat_icon<< click to View/Download Detailed Programme (in PDF format)

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The introduction of Islamic Financial Services Act (IFSA) 2013 in June 2013 has indeed affected the Islamic banking and finance landscape in Malaysia. The enactment of IFSA 2013 as its new backbone for Islamic banking and finance is very timely to respond to the current market needs that have achieved a remarkable level of maturity. As a new inclusion in Malaysian regulatory infrastructures for Islamic banking and finance industry, the understanding of its salient features and the changes it introduces is very crucial. Hence, the training, entitled “Regulatory and Compliance Framework in Islamic Finance under IFSA 2013” was conducted on 12-13 October 2015 by IAIS, aimed at exposing the participants to the current regulatory regime for Islamic finance in Malaysia with special reference to IFSA 2013. In addition, the programme targeted to equip the participants with a proper understanding of both local and international compliance structures for Islamic financial market and issues and challenges that have arisen from the current Islamic financial system.

The participants were of different sectors, namely Islamic banking and financial institutions, Takaful operators, universities and higher education institution, research institutes and also regulators. The topics covered for the training was extensive, inter alia:

• Historical development of Islamic banking and finance
• Overview of international Islamic finance regulatory framework
• Overview of the historical and regulatory aspects of Islamic banking and finance in Malaysia
• Relevant acts governing Islamic financial institutions in Malaysia
• Selected issues and challenges faced by the Islamic financial system at global market
• Analysis of international cases involving Islamic financial contracts
• Judiciary and dispute settlement mechanisms
• Salient features of IFSA 2013
• Shariah Compliance required by IFSA 2013
• Analysis of recent Malaysian cases involving Islamic banking and financial disputes

The programme received an excellent response from the participants. The positive feedback from the participants indicates a need for IAIS Malaysia to offer additional training programmes in the future. The training programme ended with a photo session and the distribution of certificates of attendance. [written by Apnizan Abdullah]


International Institute of Advanced Islamic Studies (IAIS) Malaysia.
Jalan Elmu, Off Jalan Universiti 59100 Kuala Lumpur, Malaysia.
Tel: +603-7956 9188   Fax: +603-7956 2188 / +603-7956 2966

Quotable Quotes

As human beings, our greatness lies not so much in being able to remake the world - that is the myth of the atomic age - as in being able to remake ourselves. (Mahatma Gandhi)

Humour Without Malice

Once a soldier who had an arrow stuck into his flesh went to consult a specialist. The surgeon cut off the arrow shaft and said: "That is all. You may go now". The soldier said: "But the arrow head is still deep in my flesh!" Shaking his head, the surgeon said: "That's a matter of an intermist. The surgical part of the operation is finished".


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