Embed Size (px)
Citation preview
ISLAMIC FINANCIAL PLANNER MASTERCLASS
16—18 JUNE 2020
This module is designed to prepare candidates to become a competent financial planner capable of meeting the financial needs of the clients in conformity to Shariah. Candidates are provided with relevant Shariah and regulatory frameworks, systematic processes, technical knowledge, skills and tools necessary to develop a comprehensive Islamic financial plan and able to deliver advisory services to clients. Plan construction and case studies will cover the key Islamic financial planning components consisting of cash flow and liability management, risk management and Takaful, Islamic investment, Zakāh and tax, retirement, Islamic estate and Waqf. Candidates will also be able to practice the ethics and professional responsibilities of an Islamic financial planner.
Learning Outcome
• Illustrate the Sharī‘ah principles and applications related to Islamic finance
• Explain the financial planning industry and its regulatory structure
• Realize the steps and requirement in Islamic financial planning process
• Construct and strategize a holistic Islamic financial plan
• Formulate and execute implementation and review process of the plan as an ongoing advisory service
Day 1 Topic
8.45 - 9.00 REGISTRATION
9.00 - 9.15 PRE TEST
9.15 - 10.30
INTRODUCTION TO SHARIAH AND FIQH • Salient Features of Shariah • Sources of Shariah • Five (5) Major Islamic Legal Maxims
10.30 - 11.00 COFFEE BREAK
11.00 - 13.00
CONCEPTS OF FINANCIAL PLANNING FROM SHARIAH PERSPECTIVES • Islamic Worldview of Wealth Management and Financial Planning • Key Differences between Conventional and Islamic Financial Planning • Maqasid Al-Shariah and its Application in Financial Planning
13.00 - 14.00 LUNCH
14.00 - 15.30
INTRODUCTION OF FINANCIAL PLANNING AND FINANCIAL PLANNING INDUSTRY • Development of Financial Planning Industry • Key Differences to Conventional Methodologies • Code of Conduct – Ethical Vs. Unethical
15.30 - 16.00 COFFEE BREAK & KAHOOT ACTIVITY
16.00 - 17.00
BASICS OF ISLAMIC FINANCIAL PLANNING • Introduction to The Six-Step Process • Role of Islamic Financial Planner • Scope of Islamic Financial Planning
17.00 END OF DAY 1
Who Should Attend: • Certified Financial Planner (CFP) holders; or
• Other professional qualifications Chartered Financial Consultant (ChFC), Chartered Accountant (CA) with three years of experience in the Islamic financial services industry; or
• Bachelor degree in any discipline with five years of experience in the Islamic financial services industry.
Day 2 Topic
9.00 - 10.30
ANALYZING PERSONAL FINANCIAL POSITION AND CASH FLOW PLANNING • Construct and Establish Personal Financial Statements • Analyze and Review the Personal Financial and Cash Flow Situations to Obtain
an Accurate Assessment of the Client’s Liquidity, Leverage, and Net Worth • Establish Cash Flow and Debt Management Strategies
10.30 - 11.00 COFFEE BREAK
11.00 - 13.00
RETIREMENT PLANNING AND CHILDREN EDUCATION PLANNING • Establish Financial and Non-Financial Retirement and Children Education
Needs and Expenses • Identify Roadblocks to Retirement and Education Planning • Develop Deferral Strategies and Income Sources to Fund Retirement and
Children Education Needs
13.00 - 14.00 LUNCH
14.00 - 15.30
ISLAMIC LEGACY PLANNING AND ZAKAT • Identify Estate Planning Issues – Wealth Preservation and Distribution • Application of Islamic Estate Planning Methodologies and Tools Personal
Financial Planning • Analysis of Wealth Subjected to Zakat
15.30 - 16.00 COFFEE BREAK
16.00 - 17.00
ISLAMIC RISK MANAGEMENT AND PLANNING • Description of Need for Risk Control and Personal Liability Management in
Relation to Life, Health and Disability, Property and Business. • Explores the Use of Takaful Solutions in Personal Financial Planning, with an
Emphasis on Planning Techniques.
17.00 END OF DAY 2
Day 3 Topic
9.00 - 10.30
ETHICAL INVESTING AND WEALTH CREATION • Match Personal Goals with Risk Tolerance and Establishing Investment
Criteria • Analyze Current and Establish Desired Asset Allocations • Identify Investment Strategies and Suggestion
10.30 - 11.00 COFFEE BREAK
11.00 - 13.00 ETHICAL INVESTING AND WEALTH CREATION - CONTINUE
13.00 - 14.00 LUNCH
14.00 - 15.30
“PUTTING IT ALL TOGETHER” • Establish an Effective Personal Financial Plan • Determine the Critical Components of a Financial Plan • Identify the Procedures That are Appropriate for Preparing the Financial Plan
15.30 - 16.00 COFFEE BREAK
16.00 - 17.00 “PUTTING IT ALL TOGETHER” - CONTINUE
17.00 END OF PROGRAM
Programme Leaders
Hajjah Zarinah Mohd Yusoff is an
Academic Fellow at IIUM Institute of
Islamic Banking and Finance. She is also
a trainer, module writer and book
author, specializing in Islamic Financial
Planning and Wealth Management
areas. She had co-wrote two books;
Islamic Financial Planning and Wealth
Management (2013) and Islamic
Investment Planning (2014), published by
IBFIM.
Hajjah Zarinah is a Certified Financial
Planner (CFP) and also an Islamic
Financial Planner (IFP). She is also a
Certified Trainer under Human Resource
Development Fund (HRDF). She holds
an MBA, specializing in Islamic Banking
and Finance from IIUM and a Bachelor
of Accounting from UUM. Hajjah Zarinah
has 25 years of experience in financial
industry - she was involved in
investment analysis, product
development, Shariah audit and learning
and development.
Shahizan Bin Md. Noh is a Resident
Expert in Islamic Wealth Management
and currently holding a position of
Head/Lead Consultant in Instructional
Design & Partnership at IBFIM.
Professionally, he is a Chartered
Accountant (CA) under Malaysian
Institute of Accountant (MIA) and
obtained an Islamic Financial Planner
(IFP®) certification from Financial
Planning Association of Malaysia
(FPAM) and Certified Qualification in
Islamic Finance - Wealth Management
(CQIF-WM) from IBFIM.
He holds a Master in Muamalat
Administration from Universiti Sains
Islam Malaysia (USIM) and currently is
pursuing Doctor of Philosophy (PhD) in
Islamic Economics and Muamalat
Administration at the same university.
He is a trainer and lecturer on several
finance areas namely accounting and
audit, Islamic wealth management,
zakat & tax planning etc. He has two
publications namely, Islamic Financial
Planning and Wealth Management
(2013) and Zakat Management and
Taxation Planning (2014), both
Islamic Financial Planner Masterclass
16—18 June 2020
PROGRAMME FEES
IMPORTANT NOTE
Stakeholders are participants from MOFE,
AMBD and all domestic banks in Brunei
Darussalam.
TERMS AND CONDITIONS
• The Programme fee is inclusive of
workshop material(s), refreshment and
certificate.
• Payment must be made upon receipt of
invoice issued by CIBFM.
• CIBFM operates a strict NO CANCELLATION
POLICY once the receipt of registration has
been issued. However, CIBFM will welcome
and accept replacements.
• CIBFM reserves the right to amend, change
or cancel the programme at any given time.
We will immediately notify participants and
organisations if any such changes are to be
made.
Please email your completed form to
Stakeholders Non-stakeholders
BND 1,400.00 BND 1,800.00
Please Register here:
1 Name
IC Number
Position Department Email Telephone 2 Name
IC Number
Position Department Email Telephone 3 Name
IC Number
Position Department Email
Telephone
Approved by:
Signature
Name
Position
Department
Telephone
