(MENAFN Press) The Islamic Financial Services Board (IFSB) is pleased to announce that the 6th IFSB Seminar on Legal Issues in the Islamic Financial Services Industry (IFSI), themed, Innovation In Asset Securitisation And Hedging Instruments In Islamic Finance: Developments, Legal Challenges And Shariah Issues will be held on 25 March 2014 in Bandar Seri Begawan, Brunei Darussalam. This Seminar will be held in conjunction with the IFSB Annual Meetings and Side Events 2014, hosted by the Autoriti Monetari Brunei Darussalam (AMBD).
The IFSI has developed significantly over the past decade in terms of sophistication of product structures and developments of risk management tools, including hedging products. Islamic capital markets have grown recently with the emergence of securitisation transactions predominantly driven by Sukuk markets.
The Islamic instruments for mitigating and reducing risks, particularly in the areas of hedging contracts, also showed an emerging trend. Coupled with the issuance of some international standards for Islamic hedging instruments in recent years, the Islamic hedging market faces new challenges in the wake of global regulatory reforms related to the requirement of central counterparties and exchange traded transactions.
This Seminar is a part of the IFSB seminar series on legal issues, and aims to create awareness on the emerging legal issues, developments and challenges in Sukuk securitisation and Islamic hedging (derivative) instruments.
Topics of discussion include:
Asset securitisation and Sukuk structuring
Growth of Islamic hedging instruments: Legal issues and challenges
Role of institutional and central Shariah Boards in structuring of Sukuk and Islamic hedging instruments
The IFSB is inviting all its member organisations to participate in the Seminar, which is also open to the financial community in Brunei and neighbouring countries. Participation is free of charge.
Members are also invited to attend other events, which will be held during the IFSB Annual Meetings 2014.
For more information of these events and to register, please visit www.ifsb.org.