IFP® Full-Fledged Module 1

Programme Overview

IFP® Full-Fledged Module 1 lays the foundation for the complete IFP® certification journey, covering Shariah principles and their applications in Islamic financial planning, the regulatory structure of the financial planning industry, the differences between Islamic and conventional financial planning components, and financial planning case study analysis.

Key Highlights

• Shariah principles and their applications in Islamic financial planning
• Financial planning industry regulatory structure
• Islamic vs conventional financial planning components
• Financial planning case study analysis

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 Shariah principles and their applications in Islamic financial planning.
• Relate the financial planning industry to its regulatory structure.
• Classify the differences between Islamic and conventional financial planning components.
• Analyse a financial planning case study.

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

DAY 2

• Permissible Contracts in Islam
• Concept of Financial Planning from Shariah Perspectives
• Introduction to Financial Planning and the Financial Planning Industry
• Basics of Islamic Financial Planning

DAY 3

• Introduction to Risk Management
• Introduction to Takaful
• Introduction to Insurance
• Key Differences between Insurance and Takaful

DAY 4

• Shariah Concepts and Guidelines in Islamic Investment
• Basics of Investment
• Key Concepts of Investment
• Approaching an Investment

DAY 5

• Fiqh uz Zakah
• Administration and Economic Aspects of Zakat
• Introduction to Income Tax Planning
• Zakat Management and Tax Planning

DAY 6

• Introduction to Islamic Legacy Planning
• Components in Islamic Legacy Planning
• Understanding the Legacy Administration Process
• Understanding Waqf Planning

DAY 7

• Introduction to Retirement Planning
• Retirement Planning: The Ultimate Priority
• Financial Plan Construction: Introduction to Basic Case Study

Schedule

Classes

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

Exam: 21 Nov (Sat)