MGT 3643 - Chapter 2 (Role & Certification of Islamic Financial Planner)

Technically, financial planning process are as follows except:

• Creating strategies in managing financial affairs

• To achieve financial goals

• Analyzing financial circumstances of the client

• Providing technical problem to meet client financial needs and wants

Please choose the INCORRECT statement on the Islamic Financial Planner:

• Providing impartial assistance and giving best interest of client

• Providing financial solution that guided by Shariah

• Providing assistance in reading and understanding the verses in the Quran and Sunnah

• The foundation of Islamic financial planning is a complete guide for the Muslim to live their lives in the world and salvation for hereafter

The Islamic Financial Planner (IFP) is a training and certification programme designed especially for professional and executives serving the retail segment of the Islamic financial market. This programme is a collaboration between Islamic Banking and Finance Institute Malaysia (IBFIM) and together with:

• Financial Planning Association of Malaysia (FPAM)

• Malaysian Takaful Association (MTA)

• Federation of Investment Manager Malaysia (FIMM)

• Malaysian Financial Planning Council (MFPC)

The four modules of the IFP programme are as follows except:

• Shariah and major Components of Islamic Financial Planning

• Risk Management and Takaful Planning

• Islamic Investment, Retirement, Zakat and Tax Planning

• Islamic Financial Plan Construction and Professional Responsibilities

To be a certified Islamic Financial Planner, the candidate are required to pay a fee of RM 8,800 and they must have a minimum qualification of the following:

• SPM/SPMV

• Diploma

• Bachelor Degree

• Master/PHD