IFP® Challenge Status Program

Programme Overview

The IFP® Challenge Status track is designed for professionals with relevant industry experience who wish to sit the Islamic Financial Planner™ examination directly. This programme covers core Shariah principles in financial planning, risk management and Takaful frameworks, Islamic investment and estate planning, and dedicated professional certification preparation, delivered online live via Zoom with a final revision class before the exam.

Key Highlights

• Core Shariah principles in financial planning
• Risk Management & Takaful frameworks
• Islamic Investment & Estate Planning
• Professional certification preparation

Objectives

• Guide clients through comprehensive financial planning processes.
• Advise clients on how they may achieve their financial goals according to Shariah and Al-Falah.
• Implement and monitor the holistic financial plan for the client.

What You Will Be Able To Do

• Illustrate the Shariah principles and applications relating to Islamic financial planning.
• Relate the financial planning industry and its regulatory framework.
• Enumerate the steps and requirements in the Islamic financial planning process.
• Construct and strategise a holistic Islamic financial plan.
• Formulate and execute the implementation and review process of the plan as an ongoing advisory service.

Course Structure

DAY 1

• Introduction to Shariah and Fiqh
• Rule-Making Process in Islamic Law (Ijtihad)
• Overview of Fiqh al-Muamalat al-Maliyyah
• The Main Theories of Muamalat Contracts
• Permissible Contracts in Islam

DAY 2

• Introduction to Financial Planning and the Financial Planning Industry
• Concept of Financial Planning from Shariah Perspectives
• Putting Ethical Values into Practice
• Basics of Islamic Financial Planning
• Financial Plan Construction (E-G-A-D)

DAY 3

• Time Value of Money (TVM) and Financial Mathematics
• Application of Excel in Financial Calculation and Solutions
• Islamic Financial Solution Formulation (D): Cash Flow and Asset-Liability Management (includes case study)

DAY 4

• Islamic Financial Solution Formulation (D): Islamic Risk Management, Basics of Investment
• Islamic Financial Solution Formulation (D): Zakat and Income Tax (includes case study)

DAY 5

• Islamic Financial Solution Formulation (D): Islamic Investment
• Islamic Financial Solution Formulation (D): Retirement (includes case study)

DAY 6

• Islamic Financial Solution Formulation (D): Islamic Legacy Planning (includes case study)
• Comprehensive Analysis of the Plan
• Plan Recommendation, Implementation and Review (I-M)

REVISION CLASS (optional additional day)

• Revision of core topics
• Integrated case study practice

Schedule

Classes

• 5 Sep (Sat)
• 6 Sep (Sun)
• 12 Sep (Sat)
• 13 Sep (Sun)
• 19 Sep (Sat)
• 20 Sep (Sun)

Revision Class: 31 Oct 2026

Exam: 21 Nov (Sat) & 22 Nov (Sun)