IFP® Full-Fledged Module 3

Programme Overview

This module assists candidates in developing a clear understanding of the key concepts of investment, Shariah-compliant investment and retirement planning, and provides technical knowledge of taxation and tax administration. Candidates are taught how to assess zakat on various sources of assets encompassing all commercial activities and to integrate zakat with tax objectives, as well as tax assessment and how to file income tax returns for individuals including those with business income

Key Highlights

• Financial Calculation and Shariah-Compliant Investment
• Concept and Planning for Retirement
• Zakat & Tax 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

• Advise clients on the key concepts of Islamic investment and its products.
• Advise clients on the importance of a retirement plan and the options available in the market.
• Demonstrate an understanding of zakat and wealth, and the zakat legal framework within Islamic economics.
• Advise clients on the responsibility to pay income tax and methods of planning for individuals with or without business income.

Course Structure

DAY 1

• Mastering Financial Calculation
• Financial Statement Analysis
• Diagnosis of Financial Status
• Application of TVM

DAY 2

• Market Cycle Analysis
• Structuring an Investment Portfolio
• Managing and Monitoring a Portfolio Investment

DAY 3

• Shariah-Compliant Unit Trust and Managed Funds
• Shariah-Compliant Securities
• Shariah-Compliant Structured Products and Derivatives
• Islamic Business Venture
• Alternative Shariah-Compliant Instruments

DAY 4

• Concepts in Retirement Planning
• Employees Provident Fund (EPF)
• Private Retirement Scheme (PRS)
• Planning for Your Retirement

DAY 5

• Zakat on Wealth (al-Mal)
• Zakat on Business (Tijarah)
• Zakat Assessment

DAY 6

• Accounting for Zakat
• Comparative Studies on Zakat Authority: Case Studies
• Introduction to Income Tax
• Individual with Employment Income

DAY 7

• Individual with Business Income
• Tax Computation
• Introduction to the Self-Assessment System

DAY 8

• Contemporary Issues
• Understanding Sales and Services Tax (SST)
• Tax Planning for Individuals
• Correlations between the Zakat and Taxation Systems

Schedule

Classes

• 9 Jan (Sat)
• 16 Jan (Sat)
• 23 Jan (Sat)
• 30 Jan (Sat)
• 13 Feb (Sat)
• 20 Feb (Sat)
• 27 Feb (Sat)
• 28 Feb (Sun)

Schedule: January 2027