Shariah RFP Module 2

Programme Overview

Shariah RFP Module 2 covers risk management principles from an Islamic perspective, the difference between Takaful and conventional insurance, Shariah compliance issues in Takaful operations, and appropriate family and general Takaful solutions, along with the ethics and professional conduct expected of Takaful agents.

Key Highlights

• Risk management principles from an Islamic perspective
• Takaful vs conventional insurance
• Shariah compliance in Takaful operations
• Family and general Takaful solutions
• Ethics and professional conduct for Takaful agents

Objectives

• Apply Shariah principles comprehensively in financial planning contexts, demonstrating mastery of Fiqh al-Muamalat and Maqasid al-Shariah.
• Conduct holistic financial needs analysis integrating risk management, investment, zakat, tax, estate and retirement planning.
• Design and implement Shariah-compliant solutions across all financial planning domains using appropriate Islamic contracts and instruments.
• Calculate and advise on zakat obligations while optimising tax efficiency within Shariah parameters.
• Construct Shariah-compliant investment portfolios using screening methodologies and governance frameworks.
• Apply Faraid principles and Islamic estate planning tools (wasiyyah, hibah, waqf) for wealth distribution.
• Execute the six-step financial planning process of Establish, Gather, Analyse, Develop, Implement and Monitor with professional competence.
• Uphold professional ethics and standards as defined by the MFPC Code of Ethics and Best Practice Standards.
• Qualify for the Financial Adviser's Licence and Capital Markets Services Licence applications.

What You Will Be Able To Do

• Apply risk management principles from an Islamic perspective.
• Differentiate between takaful and conventional insurance.
• Analyse Shariah compliance issues in takaful operations.
• Recommend appropriate family and general takaful solutions.
• Understand ethics and professional conduct for takaful agents.

Schedule

Classes

• 29 Sep (Tue)
• 30 Sep (Wed)
• 1 Oct (Thu)