IFP® Full-Fledged Module 2

Programme Overview

IFP® Full-Fledged Module 2 covers Takaful business models and product features, Islamic estate planning practices and tools, the regulatory framework governing waqf, and Shariah-compliant succession planning, continuing on from Module 1.

Key Highlights

• Takaful business models
• Takaful product features
• Islamic estate planning practices and tools
• Waqf regulatory framework and structures
• Shariah-compliant succession planning

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

• Compare the takaful business models adopted in the takaful industry.
• Illustrate the main features of takaful products.
• Advise clients on Islamic estate planning practices and use the planning tools effectively.
• Identify the regulatory framework governing waqf and select suitable structures for clients.
• Assist clients to plan and execute Shariah-compliant succession planning.

Course Structure

DAY 1

• Regulatory and Industry Structure of Insurance and Takaful
• Responsibilities of a Takaful Agent
• Introduction to General Takaful
• General Takaful Products

DAY 2

• Introduction to Family Takaful
• Operational Aspects of Family Takaful
• Family Takaful Products
• Medical and Health Takaful

DAY 3

• Investment-Linked Takaful
• Introduction to Business Takaful
• Business Takaful for Sole Proprietorship, Partnership and Limited Liability Partnership

DAY 4

• Business Takaful for Limited and Private Limited Companies
• Retakaful
• Marketing and Services, Ethics and Code of Conduct
• Analysis of Clients' Takaful Needs

DAY 5

• Key Objectives in Legacy Planning
• Key Differences between Islamic and Conventional Legacy Planning
• Legal Framework of Estate Administration

DAY 6

• Faraid
• Wills
• Hibah
• Matrimonial Assets

DAY 7

• Trust
• Power of Attorney (PA)
• Steps in Planning Your Estate

DAY 8

• Issues in Islamic Estate Planning
• Basics of Waqf
• Shariah Views on the Importance of Creating a Waqf
• Role of Waqf in Society

DAY 9

• Regulatory Framework of Waqf
• A Holistic Approach and the Time Horizon Perspective
• Succession Planning
• Issues and Challenges in Estate, Waqf and Succession Planning

Schedule

Classes

• 10 Oct (Sat)
• 11 Oct (Sun)
• 17 Oct (Sat)
• 18 Oct (Sun)
• 24 Oct (Sat)
• 25 Oct (Sun)
• 31 Oct (Sat)
• 1 Nov (Sun)
• 7 Nov (Sat)

Exam: 22 Nov (Sun)