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RFP Module 2 study materials
RFP Module 2 study resources

RFP Module 2 study guide

RFP Module 2 · Work through your exam, one topic at a time.

The Registered Financial Planner (RFP) Capstone Programme is the professional financial planning qualification offered by the Malaysian Financial Planning Council (MFPC), a parallel Shariah RFP track covers Islamic financial planning. Module 7 is the final module of the Capstone journey: MFPC describes it as the last step towards completing the qualification and becoming an RFP or Shariah RFP holder. The programme suits practising financial advisers, insurance and takaful agents, bank wealth staff, and career changers who want a recognised planning designation rather than a purely academic award. Candidates register through the 1st MFPC Portal, and MFPC lists modular exemption for the RFP programme, so prior qualifications may shorten the route. Teaching is delivered by Certified MFPC Trainers under a Principal Certified MFPC Trainer, with assessment handled by Certified MFPC Examiners; examinations run in both physical and virtual modes, and class and examination schedules are published on the MFPC site. Preparation should combine the published class schedule with the examination guidelines and procedures, then build case-based practice in risk management, investment, retirement, tax and estate planning, ethics, and Shariah contracts where relevant. Topics on this exam: Module 7 (final module of the RFP / Shariah RFP Capstone Programme). The RFP Module 2 study guide has 1 section and about 402 words.

01

Module 7 - Capstone: Integrating Shariah Compliance Across the Financial Planning Process

Module 7 is the integrative domain of the Shariah RFP capstone. Rather than testing a single contract in isolation, it checks whether an end-to-end plan - data gathering, risk management, investment, retirement, zakat and estate distribution - is internally consistent and Shariah-defensible. Expect scenarios in which a conventional recommendation must be re-engineered or rejected. Clear the three prohibitions first (riba, gharar, maysir), then map each recommendation to an approved contract: murabaha, ijarah, mudarabah, musharakah, wakalah or kafalah.

402 words, about 2 min

More study resources for RFP Module 2

  • Practice questionsIn the RFP capstone, a Shariah-compliant proposal is being assembled for a client seeking a working-capital facility.
  • FlashcardsShariah Supervisory Board. Independent body of qualified scholars that issues fatwas, approves product structures, and monitors compliance; its rulings bind the institution and must be disclosed in the RFP response.
  • Cheat sheetShariah governance framework has four pillars: Shariah Supervisory Board (SSB) oversight, Shariah review/audit, Shariah risk management, and Shariah research/training; the RFP response must evidence all four, not just an SSB fatwa.
  • Key termsRiba. Any contractually agreed increase or advantage taken on a loan of money or in an exchange of unequal quantities of the same commodity, which Shariah prohibits as unjust enrichment.
  • Study planMap the full Module 7 capstone syllabus into a one-page topic inventory, tagging each item as conceptual, quantitative, or case-based.
  • Common mistakesEarlier modules reward definitional recall, so candidates carry that habit into Module 7, where marks are allocated to the quality of the Shariah analysis of a concrete case rather than to reciting textbook terms.
  • Exam-day guideBring the original, unexpired ID with a signature and photo that matches the name on your registration.