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Licensing

Financial Planning Practitioners’ Programme

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

Upon the completion of the course, participants will be able to:

  • Demonstrate profound knowledge and understanding of financial planning.
  • Various financial ratios used for Financial Planning;
  • 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 Shariah and how these objectives can be achieved.

Who Should Attend

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

Your Investment

Package Stakeholder Non Stakeholder
Normal Fee $2,105.00 $2750.00

Download Brochure here

Qualifying Examination for Insurance/Takaful Agents (QEFITA)

 

Qualifying Examination For Insurance & Takaful Agents (QEFITA) is a licensing programme organised by BILIF with the support and guidance of Brunei Darussalam Central Bank (BDCB) and the Brunei Insurance Takaful Association (BITA). This programme covers the theoretical study of insurance and takaful as well as the legal and regulatory requirements of Brunei Darussalam and ends with a two-hour examination.

Programme Objectives

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

  • Understand the nature of Insurance/Takaful
  • Understand the importance of Insurance/Takaful in the economy and the role of Insurance/Takaful in assets

Programme Outline

Chapter 1 Introduction to Insurance
Chapter 2 An Introduction to Takaful
Chapter 3 Risk and Principles of Insurance
Chapter 4 Characteristics of General Insurance Products
Chapter 5 Classes of General Insurance Business and General Takaful Business
Chapter 6 Insurance Marketing and After-Sales Services
Chapter 7 Consumer Protection and Statutory Regulation
Chapter 8 Law of Agency
Chapter 9 Insurance Contract
Chapter 10 Insurance Documents
Chapter 11 Practice General Insurance Risk Assessment, Underwriting and
Rating
Chapter 12 Practice of General Insurance Claim
Chapter 13 Practice of General Insurance Policy Forms

Who Should Attend

QEFITA is a compulsory entry requirement for all those who intend to be registered as General Insurance/Takaful agents with BITA and those who intend to pursue a career in the Insurance/Takaful Industry.

Examinations

  • Two (2) hours examination consisting of 100 multiple choices questions
  • The passing marks for the exam are 65%.

Your Investment

Package Stakeholder Non Stakeholder
Theory + Exam Fee $230.00 $270.00
Exam Fee Only $150.00 $150.00

* Stakeholders are participants from MOFE, BDCB and all domestic banks in Brunei Darussalam.

Download Brochure here

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