Sukuk Funds and Bonds: Types, Issuance, Investment, Structure and Financing

Broad Risk Categories of the Pension Industry
• Portfolio risks
• Agency risks
• Systemic risks

Main Components of Regulation in the Pension Industry
• Licensing criteria
• Governance rules
• Investment rules
• Independent custodian
• External audit
• Disclosure requirements
• Guarantees
• Minimum capital and reserves
• Regulation on costs and fees
• Sanctions

Objectives of Risk-Based Supervision of Pension Funds
• Better understand the organisational financial position
• Vary supervision scope and intensity as per risk level
• Use time and resources efficiently
• Allocate scarce resources effectively
• Possess a pro-active approach
• Promote confidence in the system

Key Focus Areas when Establishing Risk-Based Supervision of Pension Funds
• Adaptation of models
• Application of models
• Data collection
• Independence of supervisory body
• Reorganisation of the supervisory body
• Staff
• Industry
• Powers
• Risk-based solvency
• Systemic risks
• Achievability approach

Important Pillars for Risk-Based Supervision of Pension Funds
• Quantitative requirements
• Supervisory response process
• Market discipline

Steps in Building a Risk-Based Supervision Framework
• Establishment of objectives of pension supervisory authorities and risks focus
• Identification of risks
• Establishment of a methodology for mapping and weighting risks
• Establishment of a quality assurance process
• Establishment of a methodology for allocating supervisory resources based on risk assessments

Advantages of Risk-Based Supervision of Pension Funds
• Maximum use of scarce regulatory resources
• Increased probability of timely problem identification
• Encouragement for pension funds to run businesses well

Challenges in Establishing Risk-Based Supervision of Pension Funds
• Combining simplicity with complexity
• Knowledge and data
• Ensuring assessments are forward-looking
• Going beyond individual firms in assessing risks
• Operation and structure of internal risk governance processes
• Changing organisational structure to include the risk-based approach
• Managing blame
• Making resources follow risks

Risk Mitigants
• Quality of governing body
• Management controls
• Compliance culture and procedures
• Effectiveness of operational management
• Adequacy of risk management systems
• Adequacy of independent review
• Role of administrator
• Sponsor
• Financial support

1ST BATCH: Tuesday, February 3, 2026 — Friday, February 6, 2026.

2ND BATCH: Tuesday, May 26, 2026 — Monday, February 9, 2026.

3RD BATCH: Tuesday, September 22, 2026 — Friday, September 25, 2026.

The training methodology integrates lectures, interactive discussions, collaborative group exercises, and
illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical
experience, emphasizing the application of learned techniques. This approach ensures that attendees return
to their professional environments equipped with both the competence and self-assurance to effectively
implement the acquired skills in their responsibilities.