Chapter 5 Capital Market Development Authority (CMDA) of Maldives
|
|
- Madeline Price
- 5 years ago
- Views:
Transcription
1 Chapter 5 Capital Market Development Authority (CMDA) of Maldives Ibrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing)
2 What CMDA Do? The Capital Market Development Authority (CMDA) is an independent institution established under the Maldives Securities Act (2/2006) responsible for developing and regulating the Maldives Capital Market.
3 What CMDA Do? CMDA also has the regulatory mandate of supervising the functions of the Maldives Pension Administration Office (MPAO) in administering the Maldives Retirement Pension Scheme (MRPS) under the Maldives Pension Act (8/2009).
4 CMDA Vision "To have a thriving capital market in the Maldives, which finances business investments and development, and promote the expansion of the Maldivian economy."
5 CMDA Mission "To facilitate fair and orderly development of the capital market so that businesses have access to capital, and at the same time investors are provided with investment opportunities."
6 CMDA Core Value Integrity Professionalism Accountability Independence Initiative
7 Key Objectives of CMDA To develop a market in which securities can be issued and traded in a fair and orderly manner;
8 Key Objectives of CMDA To protect and promote the interest of investors and potential investors in securities;
9 Key Objectives of CMDA To regulate and supervise the securities market;
10 Key Objectives of CMDA To take measures to prevent inappropriate conduct in relation to dealings in securities and to prevent conduct of activities affecting market confidence.
11 Key Objectives of CMDA In Dhivehi
12 Strategic Goal of CMDA The key strategic priorities of CMDA as stipulated in the Maldives Capital Market Strategic Plan
13 Strategic Goal of CMDA Establish a secondary market for trading government securities.
14 Strategic Goal of CMDA Facilitate establishment of investment funds.
15 Strategic Goal of CMDA Facilitate establishment of venture capital funds.
16 Strategic Goal of CMDA Promote issuance of Shariah compliant government securities.
17 Strategic Goal of CMDA Increase listings from private sector.
18 Strategic Goal of CMDA Promote financial literacy & increase market awareness.
19 Organization Structure of CMDA
20 Board of Directors of CMDA
21 Board of Directors of CMDA
22 Capital Market Shariáh Advisory Council. CMDA Capital Market Shariah Advisory Council The Capital Market Shariáh Advisory Council (CMSAC) acts in an advisory capacity to the CMDA Board of Directors on matters concerning the development & regulation of the Islamic Capital Market. The CMSAC is responsible for validating all Islamic Capital Market matters to ensure their compatibility with Shariáh. All matters related to the Capital Market Shariáh Advisory Council is governed by the Regulation on
23 CMSAC Members
24 Corporate Governance (CG) Code The Corporate Governance Code was published by CMDA in 2008.
25 Corporate Governance (CG) Code CMDA s objective for introducing the code is to ensure companies listed on the Maldives Stock Exchange are well governed, upholding the core principles (responsibility, accountability, fairness & transparency) of corporate governance in conducting business, which would prepare them to be globally competitive, and maintain and promote investor confidence both locally& internationally.
26 Applicability of CG Code The code applies to all companies listed on the Maldives Stock Exchange. All companies, especially those that intent to be listed on the Maldives Stock Exchange can voluntarily adopt the code under the assistance of CMDA.
27 Listed Companies in Maldives Stock Exchange Amana Takaful (Maldives) PLC (ATM)
28 Listed Companies in Maldives Bank of Maldives (BML) Stock Exchange
29 Listed Companies in Maldives Stock Exchange Dhivehi Raajjeyge Gulhun PLC (DHR)
30 Listed Companies in Maldives Stock Exchange Maldives Tourism Development Corporation PLC (MTDC)
31 Listed Companies in Maldives Stock Exchange Maldives Transport and Contracting Company PLC (MTCC)
32 Listed Companies in Maldives Stock Exchange State Trading Organization PLC (STO)
33 Listed Companies in Maldives Centurion PLC Stock Exchange
34 Listed Companies in Maldives Stock Exchange Ooredoo Maldives PLC (OMPL)
35 Enforcement Process CMDA s undertakes enforcement of laws & regulations as stipulated in the Enforcement and Appeal Procedure. The purpose of the enforcement & appeal procedure is to;
36 Enforcement Process Ensure effective implementation of rules and regulations. Guide the staff of CMDA in taking enforcement/administrative actions. Ensure consistent application of rules and regulations. Provide guidelines to the market participant on how enforcement actions are taken, and the appeal procedure.
37 Enforcement Methods
38 CMDA Institutes
39 CMDA Institute CMDA Institute was established with the objective to provide training and certification to ensure good conduct and professionalism of market intermediaries, to raise market awareness, and to promote corporate governance in the Maldives.
40 CMDA Institutes The activities of the institute include conducting training programs and continuous professional development and refresher courses for market participants. It actively promotes corporate governance and runs awareness programs for investors and issuers.
41 ICDC Institute of Corporate Directors and Secretaries (ICDS) was established with the aim to promote professional practice of corporate directorship and of company secretaries in line with international principles, and to promote corporate governance in companies with a view to improve their efficiency and performance.
42 ICDC ICDS provides orientation, training and advisory services to its members. It also undertakes research in matters affecting corporate directorship and issues publications to educate and create awareness of important finding among the stakeholders.
43 ICDC The training programs of ICDS are designed to enhance knowledge, skills and values demanded by modern corporate governance practices among the corporate directors & secretaries in the Maldives.
44 Questions & Answers What else you want to know?
45 Thank You Ibrahim Sameer Seek knowledge from cradle to grave
INTRODUCTION TO ISLAMIC CAPITAL MARKET OF MALDIVES
c INTRODUCTION TO ISLAMIC CAPITAL MARKET OF MALDIVES Fathimath Shafeega Chief Executive Officer (CMDA) 1 Background The Capital Market Development Authority (CMDA) is an independent institutions responsible
More informationChapter 3 Financial Market Regulatory Bodies in Maldives
Chapter 3 Financial Market Regulatory Bodies in Maldives Ibrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing) www.ibrahimsameer.wordpress.com Regulation of Financial
More informationChapter 1 Financial Management Introduction & Goals of the Firm
Chapter 1 Financial Management Introduction & Goals of the Firm Ibrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing) Introduction This topic introduces the area of
More informationNOTICE. 29 th Annual General Meeting Dhivehi Raajjeyge Gulhun PLC
NOTICE 29 th Annual General Meeting Dhivehi Raajjeyge Gulhun PLC Invitation Dhivehi Raajjeyge Gulhun Plc (DHIRAAGU) herby invites its shareholders to attend the Company s 29 th Annual General Meeting (AGM)
More informationIbrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing)
Ibrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing) Definition Define Liabilities? Definition of Liabilities Liabilities represent an obligation of an entity. This
More informationChapter 10 Process Costing Ibrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing)
Chapter 10 Process Costing Ibrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing) The Basic of Process Costing Process costing is a costing method used where it is not
More informationRegulation of Syariah Funds in Malaysia
Regulation of Syariah Funds in Malaysia KL Hilton 27 March 2001 1 Agenda ❶ The Malaysian capital markets ❷ Establishing a new trust fund Agenda ❸ Regulation of Syariah funds ❸ Developmental issues 2 Regulation
More informationChapter 6 Overheads & Absorption Costing. Ibrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing)
Chapter 6 Overheads & Absorption Costing Ibrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing) Overheads Overheads is the cost incurred in the course of making a product,
More informationEstablished: 26 th March Vision: The Financial Market of Choice
About DFM Established: 26 th March 2000 Vision: The Financial Market of Choice Mission: To create a fair, efficient and transparent marketplace that provides choices through the best utilization of available
More informationIbrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing)
Ibrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing) Performance Measurement & the Planning & Control System The higher direction of an organization requires a clear
More informationBML ISLAMIC PERSONAL BANKING CUSTOMERS. Customer No: Account No: CRM No: SECTION A YOUR DETAILS. Mr Ms Dr Other, please specify
ACCOUNT OPENING FORM BML ISLAMIC PERSONAL BANKING CUSTOMERS Please fill ALL the sections of this form to avoid any delays in processing the request. For Bank use only Have you also submitted the Information
More informationDraft Only 1. Anti Money Laundering Instructions in Securities Related Transactions Issued Pursuant to Maldives Securities Act
Draft Only 1 Anti Money Laundering Instructions in Securities Related Transactions Issued Pursuant to Maldives Securities Act Background The Capital Market Development Authority (CMDA) has two key interests
More informationSecurities Commission. Role & Functions
Securities Commission Role & Functions 1 The SC was established in 1993 : The establishment of a single regulatory body to promote the development of the capital market It is intended that the SC will
More informationA Strong and Vibrant Financial Sector for Sustainable Growth the role of Capital Markets
The Investors Conference 2005 - in conjunction with the 30 th Annual Meeting Islamic Development Bank 22 nd June 2005 A Strong and Vibrant Financial Sector for Sustainable Growth the role of Capital Markets
More informationFundamentals of the Malaysian Capital Market
Fundamentals of the Malaysian Capital Market The Investors Conference 2005 - in conjunction with the 30th Annual Meeting Islamic Development Bank Ranjit Ajit Singh, Director Securities Commission Malaysia
More informationHong Kong Exchanges and Clearing Limited. The role of exchanges in securing effective enforcement of regulation
Hong Kong Exchanges and Clearing Limited The role of exchanges in securing effective enforcement of regulation Karen Lee Head of Listing, Regulation and Risk Management Hong Kong Exchanges and Clearing
More informationProcedure to Follow Where the Government Undertakes Joint Venture Investment in Islands or Land (A translation)
1 Procedure to Follow Where the Government Undertakes Joint Venture Investment in Islands or Land (A translation) Gazette v.42.no.17. dated 28 January 2013 Introduction Title and 1. (a) This Procedure
More informationCapital Markets Authority in Lebanon. Who We Are
Capital Markets Authority in Lebanon Who We Are About PIE This informative brochure is part of PIE Program for Investor Education initiated by the Capital Markets Authority to increase awareness on the
More informationLegal Aspects of Islamic Finance LAB4112 DR. ZULKIFLI HASAN
Legal Aspects of Islamic Finance LAB4112 DR. ZULKIFLI HASAN CONTENTS Legal Framework of Islamic Finance Jurisdiction Guidelines on Islamic Finance INTRODUCTION Malaysia has a unique legislative framework
More informationA cross sectoral approach to the supervision of Islamic Financial Services: the IOSCO view
A cross sectoral approach to the supervision of Islamic Financial Services: the IOSCO view Philippe Richard, IOSCO Secretary General Introduction IOSCO is the global standard setter for securities regulation,
More informationMalaysia s Islamic Capital Market (ICM) An Overview
Islamic Finance News Roadshow Sheraton Towers, Singapore 2 April 2008 Malaysia s Islamic Capital Market (ICM) An Overview Nik Ramlah Mahmood Securities Commission Malaysia 1 Malaysia s ICM offers a comprehensive
More informationFinancial Management Bachelors of Business Administration Study Notes & Tutorial Questions
Financial Management Bachelors of Business Administration Study Notes & Tutorial Questions Chapter 2: Introduction to Financial Management & Financial Environment Ibrahim Sameer AVID College Page 1 Chapter
More informationOOREDOO MALDIVES PLC FOURTH QUARTER REPORT 2016 OOREDOO MALDIVES PLC
OOREDOO MALDIVES PLC FOURTH QUARTER REPORT 2016 1 FINANCIAL HIGHLIGHTS REPORT Q4 2016 (October to December) Ooredoo Maldives Plc ( Ooredoo Maldives ), a part of the Ooredoo Group, provides a wide range
More informationTajinder Singh Deputy Secretary General IOSCO
NEW IOSCO PRINCIPLES AND METHODOLOGY Tajinder Singh Deputy Secretary General IOSCO IOSCO- AB Brief fintroduction IOSCO is recognized as the International Standard setter for Securities Regulation 100 +
More informationSecurities Transaction Law (2013, Pyidaungsu Hluttaw Law No. 20) The 9 th Waning of Waso M.E (30 th July 2013)
Securities Transaction Law (2013, Pyidaungsu Hluttaw Law No. 20) The 9 th Waning of Waso 1375. M.E (30 th July 2013) The Pyidaungsu Hluttaw hereby enacts this Law. Chapter 1 Title and Definition 1. This
More information1. Current month s IISR of each types of Mudarabah account holders 2. Actual profit rate of previous months (historical data), calculated on IISR
Investment Income Sharing Ratio () as profit distribution mechanism City Manarah Islamic banking, The City Bank Limited declares Investment Income Sharing Ratio () between Bank as Mudarib and Customer
More informationFinancial Consumer Protection Malaysia s Approach
Financial Consumer Protection Malaysia s Approach Conference on Promoting Financial Capability and Consumer Protection -A Step Forward towards Financial Inclusion in Africa Accra, Ghana Ms Ooi See Eim
More informationBANK OF MALDIVES DUE DILIGENCE
Inclusive Micro, Small and Medium-sized Enterprise Development Project (RRP MLD 43566) A. Overview and History BANK OF MALDIVES DUE DILIGENCE 1. The Bank of Maldives (BML) was established in 1982 and started
More informationGOOD CORPORATE GOVERNANCE
GOOD CORPORATE GOVERNANCE Good Corporate Governance (GCG) is bank governance which is applying transparency, accountability, responsibility, independency and fairness in implementing business activities.
More informationGUIDELINES ON UNIT TRUST FUNDS
GUIDELINES ON UNIT TRUST FUNDS Effective: 3 March 2008 Revised: 25 August 2014 List of Revisions Revision Effective Date 1 st Revision 18 February 2009 2 nd Revision 1 June 2010 3 rd Revision 7 January
More informationIslamic Instruments for Asset Management
Islamic Instruments for Asset Management Professor Rodney Wilson IRTI 15th Distance Learning Programme Intermediate Level Course Tuesday, March 20, 2012 Contents Islamic asset management vehicles Advantages
More informationMr. D.A.N. EKE DEPUTY DIRECTOR
AN OVER-VIEW OF CBN NON-INTEREST (ISLAMIC) BANKING FRAMEWORK Mr. D.A.N. EKE DEPUTY DIRECTOR BANKING SUPERVISION DEPARTMENT 29 TH JULY, 2009 Central Bank of Nigeria 1 Outline Central Bank of Nigeria 1.
More information8BURSA 12 SUKUK. c ontents SUQ AL-SILA SHARI AH COMPLIANT LISTED EQUITIES. ISLAMIC REAL ESTATE INVESTMENT TRUSTS (ireits)
c ontents 8BURSA SUQ AL-SILA 10 SHARI AH COMPLIANT LISTED EQUITIES 2 THE MALAYSIA INTERNATIONAL ISLAMIC FINANCIAL CENTRE (MIFC) INITIATIVE 4 BURSA MALAYSIA 6 ISLAMIC MARKETS 12 SUKUK 14 ISLAMIC REAL ESTATE
More information1. IFPHK Profile Executive Summary The SFC Consultation IFPHK s Submission 6
IFPHK s Response to the Securities and Futures Commission s Further Consultation on Proposed Disclosure Requirements Applicable to Discretionary Accounts January 2018 Contents 1. IFPHK Profile 2 2. Executive
More informationTHE SUBORDINATED SUKUK MURABAHAH PROGRAMME TRANSACTION DIAGRAM (1) The Trustee, acting on behalf of the holders of the Subordinated Sukuk, and RHB Islamic shall enter into a Service Agency Agreement, pursuant
More informationFINANCIAL COOPERATION
FINANCIAL COOPERATION OIC/COMCEC-FC/34-18/D(..) CCO BRIEF ON FINANCIAL COOPERATION COMCEC COORDINATION OFFICE April 2018 2017 0 CCO BRIEF ON FINANCIAL COOPERATION Financial Cooperation among the Member
More informationCorporate Governance/Transparency in the Asia Pacific Region
Corporate Governance/Transparency in the Asia Pacific Region PANEL DISCUSSION MODERATOR Putri Noor Shariza Noordin, Partner, Shearn Delamore & Co. PANELISTS Ken Dai, Partner, Dacheng Law Offices Bernard
More informationZeti Akhtar Aziz: Metamorphosis into an international islamic banking and financial hub
Zeti Akhtar Aziz: Metamorphosis into an international islamic banking and financial hub Special address by Dr Zeti Akhtar Aziz, Governor of the Central Bank of Malaysia, at the ASLI s World Islamic Economic
More informationRisk Management and Governance in Takaful
building value together 30 th May 2016 Risk Management and Governance in Takaful Zainal Abidin Mohd. Kassim, FIA WB-IFSB-Turkish Treasury Conference, 30 & 31 May 2016 Istanbul www.actuarialpartners.com
More informationBULGARIAN DEVELOPMENT BANK
BULGARIAN DEVELOPMENT BANK SME Asset-Backed Financing Instruments: Opportunities in Europe Bratislava, May 15 16, 2008 1 Mission and Objectives of BDB Mission: to support the development of the Bulgarian
More informationTakaful and Mutual Insurance
Takaful and Mutual Insurance Business Challenges in Mutual Insurance and Takaful Serap Gonulal November 13, 2012 The four pillars of Takaful Takaful Regulatory and legal framework Transparency and consumer
More informationIbrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing)
Ibrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing) Responsibility A responsibility centre is a function or department of an organization that is headed by a manager
More informationGUIDELINES ON COMPLIANCE FUNCTION FOR FUND MANAGEMENT COMPANIES
GUIDELINES ON COMPLIANCE FUNCTION FOR FUND MANAGEMENT COMPANIES SC-GL/CGL-2005 (R2-2018) 1 st Issued : 15 March 2005 Revised : 5 January 2018 1 Page List of Revision Revision Revision Date Effective Date
More informationPRESS RELEASE IMPLEMENTING REGULATION ON OJK LEVY
PRESS RELEASE NO. 01/DKHI/OJK/4/2014 PRESS RELEASE IMPLEMENTING REGULATION ON OJK LEVY (Jakarta, April 3 rd, 2014) - The Financial Services Authority (OJK) has issued regulation and circular letter regarding
More informationFinancial and Operating Highlights (in Rufiyaa) Operations 2008 2007 Revenue 281,152,337 19,158,605 Operating profit margin (%) 40% 27% Profit for the year 114,447,762 7,653,448 Earnings per share (Rf)
More informationWarsaw Stock Exchange Strategy
Warsaw Stock Exchange Strategy 2014-2020 [ Summary ] Warsaw 16.01.2014 The following document has been prepared by WSE ( GPW ) and constitutes its intellectual property. Any coping or publishing thereof
More information2015 ANALYSIS OF CORPORATE GOVERNANCE DISCLOSURES IN ANNUAL REPORTS. Annual Reports December Page 0
2015 ANALYSIS OF CORPORATE GOVERNANCE DISCLOSURES IN ANNUAL REPORTS Annual Reports 2013 2014 December 2015 Page 0 Table of Contents EXECUTIVE SUMMARY... 2 PRINCIPLE 1: ESTABLISH CLEAR ROLES AND RESPONSIBILITIES...
More informationDraft Interim Report: Application of International Financial Reporting Standards (IFRS) in Japan. Contents
Tentative translation as of February 13, 2009 Please refer to Japanese version as the formal text. Please also be noted that this translation will be subject to change anytime. Draft Interim Report: Application
More informationSecurities Commission An Introduction
Securities Commission An Introduction The Securities Commission (SC) was established on 1 March 1993 under the Securities Commission Act 1993. Its purpose is spelt out in its Mission Statement: To promote
More informationGUIDELINES ON REAL ESTATE INVESTMENT TRUSTS SC-GL/UNLISTEDREITS-2008(R1-2018)
GUIDELINES ON REAL ESTATE INVESTMENT TRUSTS SC-GL/UNLISTEDREITS-2008(R1-2018) 1 st Issued : 21 August 2008 Revised : 15 March 2018 GUIDELINES ON REAL ESTATE INVESTMENT TRUSTS Effective Date upon Issuance:
More informationDISCUSSION PAPER FOR COMMENTS. Conceptual issues in Measuring Islamic Finance National Accounts Alick Mjuma Nyasulu 1
WORKSHOP ON ISLAMIC BANKING IN NATIONAL ACCOUNTS 24-26 October 2017, Beirut, Lebanon DISCUSSION PAPER FOR COMMENTS Conceptual issues in Measuring Islamic Finance National Accounts Alick Mjuma Nyasulu 1
More informationIbrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing)
Ibrahim Sameer (MBA - Specialized in Finance, B.Com Specialized in Accounting & Marketing) Introduction Indirect taxes include sales tax, service tax, custom and excise duties. The Government of Malaysia
More informationRe: Release No , Request for Comment, Draft FY Strategic Plan for the Securities and Exchange Commission
Īll MSRB Municipal Securities Rulemaking Board The Honorable Jay Clayton Chairman 100 F Street, NE Washington, D.C. 20549 Re: Release No. 34-83463, Request for Comment, Draft FY 2018-2022 Strategic Plan
More informationGIFF and IFN Asia Forum Mandarin Oriental Hotel-October 27 th 2010
GIFF and IFN Asia Forum Mandarin Oriental Hotel-October 27 th 2010 Risk Management and Disclosure in Takaful Practices Dawood Y Taylor Senior Regional Executive-Takaful, Middle East Prudential Corporation
More informationAAOIFI S NEW AND REVISED ACCOUNTING STANDARDS ON SUKUK AND THEIR EXPECTED IMPACT ON MARKET
AAOIFI S NEW AND REVISED ACCOUNTING STANDARDS ON SUKUK AND THEIR EXPECTED IMPACT ON MARKET COMCEC WORKING GROUP MEETING 29 MARCH 2018 OMAR MUSTAFA ANSARI ACTING SECRETARY GENERAL AAOIFI AGENDA INTRODUCTION
More informationPart 1. From Corporate Governance to Banking Governance... 1
Preface... xi Introduction....................................... xiii Part 1. From Corporate Governance to Banking Governance... 1 Chapter 1. Corporate Governance: A Brief Literature Review... 3 1.1.
More informationShariah-Compliant Reporting
IFRS Foundation Shariah-Compliant Reporting Nairobi, Kenya Darrel Scott, IASB Member The views expressed in this presentation are those of the presenter, not necessarily those of the International Accounting
More informationSECOND QUARTER REPORT
SECOND QUARTER REPORT April to June 2018 Dhivehi Raajjeyge Gulhun PLC www. 1 Dhiraagu is the leading digital and telecommunications service provider in the Maldives. Our business is to provide future-proof
More informationTAKAFULINK DANA URUS FUND PROFILE 2016
TAKAFULINK DANA URUS FUND PROFILE 2016 TAKAFUL & US Takaful is a mutual assistance concept based on the principles of shared responsibility, cooperation and common interest. Each covered participant contributes
More informationReserve Bank of Fiji
Outline of Presentation A. The Reserve Bank s Vision B. Fiji s Financial System C. Regulator for Capital Markets D. Reserve Bank Approval E. Assessment Criteria F. Capital Raising - Key Requirements G.
More informationTHE PHILIPPINE STOCK EXCHANGE, INC. Corporate Governance Guidelines for Listed Companies. Disclosure Template for Year 2016
THE PHILIPPINE STOCK EXCHANGE, INC. Corporate Governance Guidelines for Listed Companies Disclosure Template for Year 2016 2 COMPLY Guideline No. 1: DEVELOPS AND EXECUTES A SOUND BUSINESS STRATEGY 1.1
More informationIntegrating Islamic Finance to Global Financial System: the Role of the Islamic Financial Services Board (IFSB)
Integrating Islamic Finance to Global Financial System: the Role of the Islamic Financial Services Board (IFSB) Abdullah Haron Abstract A prudential framework is an important element in facilitating the
More informationTechnical Assistance Consultant s Report
Technical Assistance Consultant s Report Project Number: 4520-012 April 2011 REG: Development of Prudential and Supervision Standards for Islamic Financial Markets Financed by the Islamic Financial Services
More informationThe above deliverables are achieved in accordance to our business values principles set out below:-
Introduction At HSBC Amanah Takaful, we are committed to provide services in a professional, efficient, innovative and ethical manner to existing and potential customers by- Responding to all customer
More informationThe MSRB s Agenda for Remarks of Lynnette Kelly, Executive Director. at the. Bond Buyer National Municipal Bond Summit. Fort Lauderdale, FL
The MSRB s Agenda for 2015 Remarks of Lynnette Kelly, Executive Director at the Bond Buyer National Municipal Bond Summit Fort Lauderdale, FL March 2, 2015 INTRODUCTION Good afternoon and thank you for
More informationASOS plc Group Tax Strategy
ASOS plc Group Tax Strategy Updated October 2016 ASOS plc Group Tax Strategy Introduction The aim of this document is to set out the strategic objectives of the ASOS plc ( The Group ) with regard to tax,
More informationThe Regulatory Challenge. Islamic Alternative Strategy Funds and Venture Capital. 13 November 2008 Securities Commission
The Regulatory Challenge Islamic Alternative Strategy Funds and Venture Capital 13 November 2008 Securities Commission Agenda Malaysia s Approach to Alternative Investments Regulatory Framework for the
More informationThe Islamic Development Bank Group Together We Build A Better Future Country Programs Department (CTY)
The Islamic Development Bank Group Together We Build A Better Future Country Programs Department (CTY) 1 1 A p r i l 2 0 1 3 IDB Group at a Glance 38 Years in the Service of Development 1396-1434H /1975-2013G
More informationIslamic Financial Services Board (IFSB)
Islamic Financial Services Board (IFSB) Mutual Insurance and Takāful in a Changing World 12-13 November 2012 27-28 Zulhijjah 1433 Ceylan Intercontinental Hotel Istanbul, Turkey www.ifsb.org AGENDA About
More informationFacilitating Sustainable Financing. Noraizat Shik Ahmad Securities Commission Malaysia IIFM Seminar on Financial Markets 8 May 2018
Facilitating Sustainable Financing Noraizat Shik Ahmad Securities Commission Malaysia IIFM Seminar on Financial Markets 8 May 2018 1 Malaysia s capital market is well-positioned to leverage on the growing
More informationCEO MANAGEMENT ANALYST III $131,742 $145,251
The County of Sacramento invites applicants for $131,742 $145,251 Plus Excellent Benefits and Including a 3.35% Management Differential UNIQUE OPPORTUNITY County Executive Office (CEO) Management Analyst
More informationHIGH LEVEL SURVEY Regarding implementation of the IOSCO Objectives and Principles of Securities Regulation
HIGH LEVEL SURVEY Regarding implementation of the IOSCO Objectives and s of Securities Regulation I. INTRODUCTION: The IOSCO Objectives and s of Securities Regulation As the global forum for securities
More informationIIFM Documentation and Product Standards An Overview
IIFM Documentation and Product Standards An Overview CBK-IIFM Seminar on Islamic Hedging, Liquidity Management and Sukuk Wednesday, 10 th October 2018 Al Thuraya Ballroom, JW Marriott Hotel, Al Shuhada
More informationTAXPAYER S SERVICE CHARTER
ISO 9001:2008 Certified TAXPAYER S SERVICE CHARTER April 2012 5 th Edition VISION To be a Modern Tax Administration MISSION STATEMENT To be an effective and efficient Tax Administration which promotes
More informationIslamic finance in Bermuda Bermuda: Islamic finance hub in the western hemisphere
www.pwc.com/bermuda Islamic finance in Bermuda Bermuda: Islamic finance hub in the western hemisphere Contents Page 1. Bermuda: Islamic finance hub in the western hemisphere 2 2. Why Bermuda 3 3. Retakaful
More informationTERMS OF REFERENCE OF THE BOARD OF DIRECTORS BANK ISLAM MALAYSIA BERHAD ( Bank Islam or the Bank )
1. Introduction The Board of Directors is the highest authority in Bank Islam. The Board plays critical role in ensuring sound and prudent policies and practices in the Bank. It provides effective check
More informationWashington State Health Benefit Exchange
Washington State Health Benefit Exchange State of Reform Washington Healthcare Policy Conference January 4, 2012 Richard Onizuka, PhD Assistant Director, Health Care Policy richard.onizuka@hca.wa.gov Source:
More informationSUKUK, an Emerging Asset Class
SUKUK, an Emerging Asset Class Ibrahim Mardam-Bey CEO, Siraj Capital Ltd November, 2007 DEFINITION AAOIFI Standard 17: investment Sukuk are certificates of equal value representing undivided shares in
More informationNATIONAL INSTRUMENT DISCLOSURE OF CORPORATE GOVERNANCE PRACTICES
This document is an unofficial consolidation of all amendments to National Instrument 58-101 Disclosure of Corporate Governance Practices and its forms current to November 17, 2015. This document is for
More informationEnhancing the Resilience and Stability of the Islamic Financial System
Enhancing the Resilience and Stability of the Islamic Financial System Regulators Forum Global Islamic Finance Forum 2010 Special Session on Islamic Finance and Financial Stability Report Dr. Zeti Akhtar
More informationAmar Finance and Leasing Company
Amar Finance and Leasing Company Kuwaiti Closed Shareholding Company Operates in accordance with Islamic Shari a Sharq Area, Ahmed Al-Jaber St., Al-Bodoor Tower P.O.Box: 28776 Safat,13148 Kuwait, Tel.:
More informationIntroduction Chapter 1, Page 1 of 9 1. INTRODUCTION
Introduction Chapter 1, Page 1 of 9 1. INTRODUCTION 1.1 OVERVIEW Preamble 1.1.1 The African Development Bank is the premier financial development institution in Africa dedicated to combating poverty and
More informationWIEF-UEF CHENNAI ROUNDTABLE 2018 Innovative and Alternative Finance for Business and Infrastructure Development in India
WIEF-UEF CHENNAI ROUNDTABLE 2018 Innovative and Alternative Finance for Business and Infrastructure Development in India 10 November 2018 * Hotel ITC Grand Chola, Chennai, Tamil Nadu, India PROGRAMME 9
More informationAmerican Association of Individual Investors. Lori Schock, Director Office of Investor Education and Advocacy
American Association of Individual Investors Lori Schock, Director Office of Investor Education and Advocacy November 2016 SEC Disclaimer The Securities and Exchange Commission, as a matter of policy,
More informationINFRASTRUCTURE SUKUK SOHAIL JAFFER DEPUTY CEO, FWU GLOBAL TAKAFUL SOLUTIONS 18 NOVEMBER Global Leader In Takaful Expertise
INFRASTRUCTURE SUKUK SOHAIL JAFFER DEPUTY CEO, FWU GLOBAL TAKAFUL SOLUTIONS 18 NOVEMBER 2015 Global Leader In Takaful Expertise CONTENTS 1 SUKUK MARKET OVERVIEW 2 FINANCING INFRASTRUCTURE PROJECTS 3 FINANCING
More informationCAPITAL MARKETS AUTHORITY ISLAMIC CAPITAL MARKETS. Research, Market Infrastructure and Product Development
CAPITAL MARKETS AUTHORITY ISLAMIC CAPITAL MARKETS CONSULTATIVE FORUM Research, Market Infrastructure and Product Development 19 TH OCTOBER 2011 PRESENTATION OUTLINE Introduction Historical Development
More informationREGULATORY AND LICENSING REQUIREMENTS
Regulations of securities and futures market The securities and futures markets in Hong Kong are regulated by the SFC. The SFC is an independent non-governmental statutory body outside the civil service
More informationThe Education Endowment Fund. Financial Statements for the years ended April 30, 2018 and 2017
The Education Endowment Fund Financial Statements for the years ended The Education Endowment Fund Contents Page Independent Auditor s Report 1-2 Statements of Financial Position 3 Statements of Activities
More informationWhite Paper. April Creating Opportunity. Concentra Explores Bank Continuance
White Paper April 2016 Creating Opportunity Concentra Explores Bank Continuance Introduction: Exploring Bank Continuance As a key strategic asset in Canada s credit union system, Concentra embraces its
More informationGUIDELINES ON UNIT TRUST FUNDS SC-GL/GUTF-2008(R2-2017)
GUIDELINES ON UNIT TRUST FUNDS SC-GL/GUTF-2008(R2-2017) 1 st Issued : 3 March 2008 Revised : 24 May 2017 GUIDELINES ON UNIT TRUST FUNDS Effective Date upon Issuance: 3 March 2008 LIST OF REVISIONS (FROM
More informationSECOND QUARTER REPORT April to June 2015
SECOND QUARTER REPORT April to June 2015 01 is proud to be the national bank of the Maldives. We touch the lives of almost every citizen of the country through our extensive network of branches, ATMs,
More informationThe Saudi Investment Bank
GRI 102-1, 102-3, 102-5, 102-16 (SAIB) is a Saudi Arabian joint stock company which was established by Royal Decree No. M/31 dated June 23, 1976, as ing Corporation and is headquartered in Riyadh. Our
More informationINVESTOR PROTECTION INDONESIAN CAPITAL MARKET PERSPECTIVE
INVESTOR PROTECTION INDONESIAN CAPITAL MARKET PERSPECTIVE YUNITA LINDA SARI Head of Market Institutions and Transaction Bureau, Bapepam-LK ACG Seminar Denpasar Bali, 20 September 2012 OUTLINES IOSCO RECOMMENDATIONS
More informationGUIDELINES ON THE ESTABLISHMENT AND OPERATIONS OF LABUAN LEASING BUSINESS
GUIDELINES ON THE ESTABLISHMENT AND OPERATIONS OF LABUAN LEASING BUSINESS 1.0 Introduction 1.1 The purpose of the Guidelines is to clarify the application procedure, operational and regulatory requirements
More informationIFPHK s Response to the Insurance Authority s. Consultation Paper on Draft Insurance (Maximum. Number of Authorized Insurers) Rules
IFPHK s Response to the Insurance Authority s Consultation Paper on Draft Insurance (Maximum Number of Authorized Insurers) Rules December 2018 Contents 1. IFPHK s Profile 2 2. Executive Summary 5 3. The
More informationAnnual Report. And Financial Statements. Maldives Monetary Authority
i Annual Report And Financial Statements 2010 Maldives Monetary Authority CONTENTS LETTER OF TRANSMITTAL... 4 PREFACE... 5 LIST OF ACRONYMS... 7 OVERVIEW OF THE ECONOMY IN 2010... 10 AN OVERVIEW OF THE
More informationCorporate Profile
www.methaq.ae Corporate Profile Content Brand 5 Vision 6 Values 7 Mission 9 Corporate Governance 10 Organization 11 Takaful 13 Takaful Benefits 15 Takaful Services 17 Takaful Solutions (For Corporations
More informationGUIDELINES ON WHOLESALE FUNDS
GUIDELINES ON WHOLESALE FUNDS Issued by: Securities Commission Effective Date: 18 February 2009 CONTENTS 1.0 APPLICATION OF GUIDELINES 1 2.0 DEFINITIONS 1 3.0 ROLE AND DUTIES OF THE FUND MANAGER 6 4.0
More informationEBA FINAL draft Regulatory Technical Standards
EBA RTS 2013 05 30 September 2013 EBA FINAL draft Regulatory Technical Standards on close correspondence between the value of an institution s covered bonds and the value of the institution s assets relating
More informationISSUES SURROUNDING MANAGEMENT OF TAKAFUL SURPLUS. Sutan Emir Hidayat Senior Lecturer, Islamic Finance University College of Bahrain
ISSUES SURROUNDING MANAGEMENT OF TAKAFUL SURPLUS Sutan Emir Hidayat Senior Lecturer, Islamic Finance University College of Bahrain 1 OBJECTIVES OF THE PRESENTATION To explain the differences in the treatment
More information