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Islamic Finance

Financial Planning Practitioners’ Programme (FPPP)

Programme Overview

The Financial Planning Practitioners’ Programme (FPPP) was formulated specifically to address the licensing requirement for financial planners with the guidance and support of BDCB as well as TAP, to cover the minimum knowledge and skills expected of a competent financial planner. This programme also focuses on the area of Islamic wealth management and financial planning. Emphasis will be more on the Islamic aspects, as part of a comprehensive planning and management of wealth, and how these concepts can be translated into practical applications.

The workshop consists of two parts; theory and skills which will be followed by assessments to ensure the financial planners demonstrate the necessary knowledge and skills required to serve the public effectively.

BDCB has appointed BILIF to be the official Licensing Programme for the purposes of the licensing requirements under the Securities Markets Order, 2013.

Programme Objectives

By the end of the programme, participants will be able to:

  • Demonstrate profound knowledge and understanding of financial planning.
  • Utilize various financial ratios used for Financial Planning;
  • Understand cash management and budgeting, time value of money, investment planning, risk management, insurance planning and estate planning;
  • Establish financial goals and provide solutions and
    recommendations;
  • Apply the Shariah principles in financial planning and
    wealth management;
  • Appreciate the diverse perspectives between conventional and Islamic financial planning; and
  • Understand the concepts of Maqasid Syariah and how these objectives can be achieved.

Who is this Programme for?

  • Individuals interested to apply for licensing from BDCB under investment/investment-linked advice;
  • Individuals who are selling investments and/or investment-linked insurances; and
  • Individuals interested to become a financial planner.

Programme Schedule

Date Time
6-9 March 2023 Theory
13 March 2023 Two (2) hours Theory Exam
14-17 March 2023 Phase 2: Skills Training
20-21 March 2023 Skills Assessment

Programme Outline

Module 1: introduction to Financial Planning
Module 2: Financial Statement and Financial Ratio Analysis
Module 3: Cash Management and Budgeting
Module 4: Time Value of Money
Module 5: Risk Management and Insurance Planning
Module 6: Investment Products and Investment Planning
Module 7: Unit Trusts
Module 8: Retirement Planning
Module 9: Estate Planning
Module 10: Code of Ethics and Regulatory Controls & Practices

Your Investment

Package Stakeholder Non Stakeholder
Normal Price $2,105.00 $2,750.00

 

Islamic Financial Planning 101: Applying Islamic Concept for Successful Money Management

 

Programme Overview

The Islamic Financial Planning (IFP) 101 is an introductory programme which focuses on the personal financial aspects of participants to ensure that they will be able to manage their finances in a more systematic manner and most importantly in accordance with Syariah principles.

The topics that will be discussed include Introduction to Islamic Financial Planning; the difference between IFP and conventional financial planning; Cash Flow and Asset-  Liabilities Management as well as Risk Management and Takaful Planning.

The programme will share tips, practices and strategies for a better and more systematic personal financial management.

Who is this Programme for?

This training is suitable for:

  • Individuals who want to learn and acquire knowledge on IFP for personal fulfillment in order to achieve their financial objectives and manage personal financial matters in accordance with Syariah principles;
  • Professionals and personnel who are involved in the retail segment of both Islamic and conventional banking; and
  • Those working in the areas of wealth management, investment, takaful and insurance businesses.

Programme Objectives

  • UNDERSTAND the importance of Islamic financial planning and its components such as Cash Flow and Asset Liabilities Management; Islamic Risk Management; and Takaful Planning;
  • ASSESS current personal financial standings, including strength and weaknesses through analysis of personal financial statements such as statement of net worth and cash flow;
  • PREPARE an effective personal budgeting plan;
  • CREATE personal financial goals with clarity through a systematic 6-steps process and guidelines; and
  • MANAGE personal finance systematically with simple tips, techniques and strategies.

    Programme Outline

     Modules
    Module 1: Introduction to Islamic Financial Planning
    Module 2: Cash Flow and Asset-Liabilities Management
    Module 3: Risk Management and Takaful Planning

    Programme Delivery

    Date Time
    13 February 2023

    8:15 AM – 12:00 PM
    1:30 PM – 5:15 PM

    Your Investment

    Package Stakeholder Non Stakeholder
    Normal Price $ 200.00 (20% SBS) $ 250.00

     

    Download Brochure Here

     

    Hands-on Workshop (HOW) Syariah Non-Compliance Risk Series: Advanced

    Programme Overview

    This course will provide participants with an advanced knowledge of the Syariah risk management to the mechanisms and the assessment of the adequacy and effectiveness of the current internal controls for Syariah compliance within the business units via the adoption of various risk management tools.

    Case studies and discussions on the adoption of tools, namely Risk Control Self Assessment (RCSA), Self Control Testing (SCT), Key Risk Indicators (KRI) and Loss Event Data (Syariah Non-Compliance Management & Reporting) will be conducted.

    Programme Objectives

    • ENABLE adoption of the Syariah risk management tools;
    • IDENTIFY internal control measures for critical processes to mitigate Syariah non-compliance risk;
    • DISCUSS tools such as Risk Control Self Assessment (RCSA), Self Control Testing (SCT), Key Risk Indicators (KRI) and Loss Event Data (Shariah Non-Compliance Management & Reporting).

    Who is this Programme for?

    The programme is designed for:

    • Those in leadership or supervisory roles within the financial industry;
    • Those looking to enhance their expertise in their current role by adopting the Syariah risk management tools and mitigating Syariah non-compliance for critical processes through internal control measures.

    Pre-requisites

    Demonstrates competence with all topics in the Intermediate Syllabus.

    Programme Outline

    Day 1 Day 2
    Module 1: Syariah Risk Management Tools for Risk Identification and Assessment Module 3: Syariah Risk Management Tools for Risk Monitoring
    Module 2: Syariah Risk Management Tools for Risk Assessment and Validation Module 4: Syariah Risk Management Tools for Syariah Non-Compliance Reporting (Loss Event Data)

    Programme Delivery

    Date Time
    1 - 2 March 2023 8:30 am – 12:00 pm & 1:30 pm – 5:00 pm

    Your Investment

    Package Stakeholder Non Stakeholder
    Fee $900.00 $1,000.00
    Group Fee (Min 3 Pax) $800.00 $800.00

     

    Download Brochure Here

     

    Islamic Financial Planning 202: Personal Financial Management with Islamic Concept

    Programme Overview

    The Islamic Financial Planning (IFP) 202 introductory programme offers broader areas of the personal financial aspects catering to the more sophisticated financial needs in accordance with Syariah principles.

    The topics that will be discussed include Asset Management; Zakat Planning, Retirement Planning, Education and Hajj Planning and Islamic Legacy Management. Upon completion of the programme, participants will better understand investment strategies and asset allocations, provide provision for Zakat and explore different approaches towards comfortable retirement. Participants will also discover IFP concepts for estate distribution through faraid, wasiat and hibah.

    Who is this Programme for?

    The programme is designed for individuals to learn about the important components of Islamic financial planning and understand different financial planning options that are in accordance with Syariah principles.

    Programme Objectives

    • UNDERSTAND asset management; retirement planning; zakat and Hajj planning; and Islamic legacy planning;
    • ASSESS own retirement needs and other life goals to be incorporated in financial plans such as Hajj plans and education; and
    • DESCRIBE asset allocation strategies and calculate personal zakat provisions.

      Programme Outline

       Modules
      Module 1: Introduction to Islamic Financial Planning
      Module 2: Cash Flow and Asset-Liabilities Management
      Module 3: Risk Management and Takaful Planning

      Programme Delivery

      Date Time
      6 March 2023

      8:30 AM – 12:00 PM
      1:30 PM – 5:00 PM

      Your Investment

      Package Stakeholder Non Stakeholder
      Normal Price $ 300.00 $ 400.00

       

      Download Brochure Here

       

      Hands-on Workshop (HOW) Syariah Non-Compliance Risk Series: Intermediate

      Programme Overview

      This programme emphasises on the fundamentals and applications of Syariah risk management as a vital second line
      of defense function to ensure Syariah compliance. The programme exposes the participants to the importance of Syariah risk management and the frameworks which serve as the foundation for the practice.

      Discussion and case study analysis on the critical components of risk management in Syariah-compliant operations will be conducted.

      Participants will also be guided on the processes to be implemented for effective risk management adoption.

      Programme Objectives

      • DESCRIBE the fundamentals and applications of Syariah risk management to ensure Syariah compliance; and;
      • APPLY the fundamentals of Syariah risk management rocesses and technical skills to execute the Syariah risk management processes.

      Who is this Programme for?

      The programme is designed those looking to enhance their expertise in their current role, including:

      • Head of the operations;
      • Risk management committees members;
      • Syariah function managers and executives; and
      • Syariah risk management managers and executives.

      Programme Outline

      Modules
      Module 1: Syariah governance and risk
      Module 2: Internal control & Committee of Sponsoring Organisations of the Treadway Commission (COSO) framework in Syariah risk management
      Module 3: Syariah risk management processes
      Module 4: Introduction to digital banking and open banking

      Programme Delivery

      Date Time
      15 - 16 March 2023 8:30 am – 12:00 pm & 1:30 pm – 5:00 pm

      Your Investment

      Package Stakeholder Non Stakeholder
      Fee $800.00 $900.00
      Group Fee (Min 3 Pax) $700.00 $700.00

      Download Brochure Here

      Islamic Financial Planning 101: Applying Islamic Concept for Successful Money Management

       

      Programme Overview

      The Islamic Financial Planning (IFP) 101 is an introductory programme which focuses on the personal financial aspects of participants to ensure that they will be able to manage their finances in a more systematic manner and most importantly in accordance with Syariah principles.

      The topics that will be discussed include Introduction to Islamic Financial Planning; the difference between IFP and conventional financial planning; Cash Flow and Asset-  Liabilities Management as well as Risk Management and Takaful Planning.

      The programme will share tips, practices and strategies for a better and more systematic personal financial management.

      Who is this Programme for?

      This 1-day Islamic Financial Planning (IFP) 101 programme is suitable for:

      • Individuals who want to learn and acquire knowledge on IFP for personal fulfillment in order to achieve their financial objectives and manage personal financial matters in accordance with Syariah principles;
      • Professionals and personnel who are involved in the retail segment of both Islamic and conventional banking; and
      • Those working in the areas of wealth management, investment, takaful and insurance businesses.

      Programme Objectives

      • UNDERSTAND the importance of Islamic financial planning and its components such as Cash Flow and Asset Liabilities Management; Islamic Risk Management; and Takaful Planning;
      • ASSESS current personal financial standings, including strength and weaknesses through analysis of personal financial statements such as statement of net worth and cash flow;
      • PREPARE an effective personal budgeting plan;
      • CREATE personal financial goals with clarity through a systematic 6-steps process and guidelines; and
      • MANAGE personal finance systematically with simple tips, techniques and strategies.

        Programme Outline

         Modules
        Module 1: Introduction to Islamic Financial Planning
        Module 2: Cash Flow and Asset-Liabilities Management
        Module 3: Risk Management and Takaful Planning

        Programme Delivery

        Date Time
        11-12 April 2023

        8:15 AM – 12:00 PM
        1:30 PM – 5:15 PM

        Your Investment

        Package Stakeholder Non Stakeholder
        Normal Price $ 200.00 (20% SBS) $ 250.00

         

        Download Brochure Here

         

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