Talent Development

Brochure

About IFP

Islamic Financial Planner is designed especially for professionals and executives serving the retail segment of the Islamic financial market. The continued innovation of Islamic financial products and growing demands of discerning Muslim retail clientele calls for higher standards of competency and ethical practice of financial planning professionals.

The program syllabus has four (4) modules covering all aspects of financial planning perspectives, and the modules will be fully integrated to adhere with Shariah principles and Islamic tenets.

The 4-Module exam-based program comprises of the following:

  • Module 1: Shariah and Major Components of Islamic Financial Planning
  • Module 2: Islamic Risk Management, Estate and Waqf Planning
  • Module 3: Islamic Investment, Retirement, Zakat and Tax Planning
  • Module 4: Islamic Financial Plan Construction and Professional Responsibilities

FAQ

  1. What is the Islamic Financial Planner (IFP®) program?
    The Islamic Financial Planner (IFP®) is a training and certification program designed especially for professionals and executives serving the retail segment of the Islamic financial market. IFP® acts as pre-requisite for Capital Market Services Representative's License (CMSRL) by Securities Commission (SC) and Financial Advisers' Representative License (FAR) by Bank Negara Malaysia (BNM). This program is a joint collaboration between IBFIM and Financial Planning Association of Malaysia (FPAM), and receives Full-Accreditation (FFA) from Finance Accreditation Agency (FAA).

  2. What areas of knowledge do the IFP® program covers?
    The IFP® program covers the major components of financial planning with the Islamic aspects being comprehensively integrated into each of the Islamic Financial Planner modules.

  3. What are the IFP® modules?
    M1 - Shariah & Major Components of Islamic Financial Planning
    M2 - Islamic Risk Management, Estate & Waqf Planning
    M3 - Islamic Investment, Retirement, Zakat & Tax Planning
    M4 - Islamic Financial Plan Construction & Professional Responsibilities

  4. What is the IFP® Challenge Status program?
    Option I
    Candidates having the following qualification and/or professional credentials are eligible to apply for the IFP® Challenge status.
    1. Certified Financial Planner (CFP)
    2. Registered Financial Planner (RFP)
    3. Chartered Financial Consultant (ChFC)
    4. Chartered Financial Analyst (CFA)
    5. Professional Accountants (MIA, CPA (M), CPA (Aust), AICPA, ACCA etc
    6. PhD in related areas (Business, Accounting, Management, Economics)

    Option II
    Candidates having a Bachelor Degree (in any fields) and have gained 5 years of finance related experience.

  5. How long do I need to enrol for IFP® program?
    7 days for Module 1
    9 days for Module 2
    8 days for Module 3
    4 days for Module 4
    6 days for Challenge Status

  6. Why should Unit Trust consultants, Takaful agents and Islamic bankers be an IFP®?
    Being certified as an Islamic Financial Planner will equip them with all the necessary knowledge to serve clients better and to become a financial advisory professional. The IFP® program sets the competency standards and ethical practices of the professionals. In short, the consultants and agents can look forward to a fulfilling and prosperous career of being an Islamic financial planner.

  7. What are the exemptions granted by the industry for IFP® holders?
    IFP® graduates are exempted from the Pre-Contract Examination for Insurance Agents (PCEIA) Part A, B & C by Malaysian Insurance Institute (MII) and Takaful Basic Examination (TBE) by Malaysian Takaful Association (MTA).

  8. Is the IFP® program recognised by Securities Commission (SC) and Bank Negara Malaysia (BNM)?
    IFP® qualification is recognised by the SC for Capital Market Services Representative's License (CMSRL) for financial planning and by BNM for Financial Adviser's Representative license (FAR).

Kindly e-mail your enquiries to training@ibfim.com or give us a call at 03-2031 1010 for further assistance.

IMPORTANT ANNOUNCEMENT

Dear IFP® Certificants,

This is a reminder of the use of the Financial Planner designation in Malaysia.

Financial planning is a licensed activity in Malaysia and only members who possess the Capital Markets and Services License (CMSL) or Capital Markets and Services Representative License (CMSRL) issued by the Securities Commission are allowed to hold themselves out as Financial Planners and use the term in their business cards.

The correct designation to be printed on business cards for CMSL or CMSRL holders should be "Licensed Financial Planner" regardless of whether they possess the IFP® mark or other similar qualifications.

IFP® certificants who are not CMSL or CMSRL holders should only use the IFP® initials and not the "Islamic Financial Planner" in their business cards.

Thank you for your kind attention.

For enquiry, please contact:
IBFIM
4th Floor, Menara Takaful Malaysia
Jalan Sultan Sulaiman, 50000 KL
Tel: +6 03-2031 1010 ext 563/564/541
Fax: +6 03-2020 1812
Email: training@ibfim.com
Website: www.ibfim.com

Financial Planning Association of Malaysia (FPAM)
Unit 305, Block A, Phileo Damansara I
Jalan 16/11, Off Jalan Damansara
46350 Petaling Jaya
Tel: +6 03 - 7954 9500
Fax: +6 03 - 7954 9400
Email: info@fpam.org.my
Website: www.fpam.org.my