8 MAY 2024

EVENT DAY 1 :

08:30 - 17:30

Exhibition

09:00 -12:00

Summit Registration

Pre-Summit Registration and Welcome Coffee

09:00 - 09:30

Pre-Summit Plenary Session

09:30 - 09:50

Recitation of Surah Al-Fatihah

Pre - Summit Event 1: Brunei Darussalam Industry Dialogue

Opening Address
Dr. Ghiath Shabsigh
Secretary-General,
Islamic Financial Services Board

Welcoming Address
H.E Rokiah Badar
Managing Director,
Brunei Darussalam Central Bank

09:50 - 10:35

Session: Islamic Finance: Evolution and Future Directions

Moderator:
Ms. Nurul Hazwani binti Haji Saifulbahri,
Senior Manager (Financial Development),
BDCB

Panelists:
Hajah Nurul Akmar binti Haji Mohd Jaafar,
Chief Marketing Officer,
BIBD

Mr. Barudin Haji Kudil,
Chief Operations Officer,
Syarikat Takaful Brunei Darussalam (STBD)

Ms. Brenda Lo Eng San,
Chief Executive Officer,
Standard Chartered Securities (B) Sdn Bhd (SCSB)

Dr. Ahmad Lutfi bin Abdul Razak,
Deputy Dean (School of Business and Economics),
Universiti Brunei Darussalam (UBD)

Coffee Break and Networking

10:35 - 10:50

10:50 - 12:00

Pre - Summit Event 2: Industry Dialogue Partner by Bank Islam Brunei Darussalam Berhad

Session Topic: Climate Finance and Green Sukuk

Special Presentation by:
Mr. Jason Wong,
CFA, Acting Managing Director of BIBD Securities Sendirian Berhad (BIBDS)

Prayer and Lunch

12:40 – 13:30

13:20 - 13:30

Arrival of Summit Participants

13:30 - 13:35

Arrival of Guest of Honour

13:35 – 13:40

Photo-Taking Session with Guest of Honour

13:40 – 13:50

Recitation of Qur’an

13:50 – 14:20

Plenary Session

Opening Address
Dr. Ghiath Shabsigh,
Secretary-General,
Islamic Financial Services Board

Welcoming Address
The Honourable Dato Khairuddin Hamid,
Deputy Minister of Finance and Economy (Economy) Ministry of Finance and Economy,
Brunei Darussalam

14:20 – 14:35

Keynote Address

The Honourable Dato Dr. Amin Liew Abdullah,
Minister at the Prime Minister’s Office and Minister of Finance and Economy II,
Brunei Darussalam

16th IFSB Summit Opening Video Presentation

14:35 – 14:40

14:40 – 15:50

Session 1

Financial Stability and the Current Global Macroeconomic Environment: Implications for the IFSI

In the current global macroeconomic context characterised by emerging risks including inflation, volatility, and rising interest rates, this session intends to discuss the implications of these challenges for the resilience of the Islamic financial services industry (IFSI) and critical areas for monitoring, along with policy challenges, international spill overs, and their broader ramifications for the stability and resilience of the IFSI.

This session aims to highlight the following:

• Global macroeconomic risks including inflation, volatility, and rising interest rates and build-up of financial sector vulnerabilities.

• Implications of the emerging global risks for the resilience of the Islamic finance industry and critical areas for monitoring by authorities to safeguard financial stability

• Policy challenges and prospects, international spillovers, and implications for the Islamic finance industry

Discussion Questions:

• What are the key policy challenges faced in maintaining or strengthening financial stability within the IFSI amidst the current macroeconomic uncertainties? What are the implications of potential international spillover effects for the IFSI?

• How can the IFSI be better prepared to minimise potential impacts from international spillover effects?

• Within the purview of Shariah-compliant financial instruments and monetary policy, what specific mechanisms and frameworks can central banks employ to enhance financial stability in a volatile macroeconomic landscape, and how do these strategies align with global regulatory frameworks?

Chairman/Moderator:

Dr. Ghiath Shabsigh,
Secretary-General,
IFSB

Panelists:

H.E. Tahir bin Salim bin Abdullah Al Amri,
Executive President,
Central Bank of Oman

H.E. Rashidah Sabtu, Deputy Managing Director,
Regulatory and Supervision,
Brunei Darussalam Central Bank

H.E. Dr. Khaled Aldhaher,
Vice Governor, Supervision and Technology,
Saudi Central Bank

EXHIBITION WALKABOUT and Coffee Break

15:50 – 16:15

16:15 – 17:25

Session 2

Regulating and Managing Climate-related Financial Risks: Impact and Current Challenges for IIFS

In the context of the growing imperative of climate change, this session explores the regulation and management of climate-related financial risks, encompassing their implications for Islamic finance, regulatory approaches, and the requisite groundwork to strengthen the monitoring and analysis for potential impacts on financial stability within the Islamic Financial Services Industry (IFSI).

This session aims to highlight the following:

• climate-related financial risks and the implications for Islamic finance

• regulatory and supervisory approaches to address climate-related financial risks for IIFS

• areas for further work, including requisite data, taxonomy, and strengthening the monitoring and analysis of the potential impact of climate-related risks on financial stability in the IFSI

Discussion Questions:

• What are the challenges faced in regulation and supervision of climate-related financial risks within the IFSI?

• What are the data gaps in monitoring and analysis of potential climate-related financial risks within the IFSI?

• In response to changing climate regulations, how can central banks, regulators, and Islamic finance institutions collaborate internationally to address climate-related financial risks and secure the IFSI's stability?

Chairman/Moderator:

Mr. Suhail Issa Al Zadjali,
Assistant Secretary-General, Membership, Engagement and Resources,
IFSB

Panelists:

Atty. Arifa A. Ala, Assistant Governor,
Financial Supervision Sub-Sector III,
Bangko Sentral ng Pilipinas

Ms. Ayu Afzan, Deputy Director,
Risk Specialist and Technology Supervision Department,
Bank Negara Malaysia (Online)

Mr. Peter Casey,
IFSB Consultant

Coffee Break and Networking

17:25 – 17:35

SUMMIT GALA DINNER

Registration

19:00 – 19:15

19:15 – 19:30

The arrival of Honorary Guests

19:30 – 19:45

Plenary Session

Opening Address

Dr. Ghiath Shabsigh,
Secretary-General,
IFSB

Welcoming Address

H.E Rokiah Badar,
Managing Director,
Brunei Darussalam Central Bank

19:45 – 20:05

Dinner
Cultural Performance

20:05 – 20:15

Appreciation to the host, sponsors, and partners

20:15 – 21:15

Dinner
Closing and End of Dinner

End of Day 1: Summit 2024

Disclaimer
Please be advised that the agenda mentioned above points are tentative and that the IFSB reserve the right to make any necessary amendments/changes to the programme without prior notification.