Shariah RFP M1 study guide
Shariah RFP M1 · Work through your exam, one topic at a time.
The Shariah Registered Financial Planner (Shariah RFP) is a professional qualification listed by the Malaysian Financial Planning Council (MFPC), an independent body that states it advances the financial planning profession through best practice standards and a Code of Ethics for RFP and Shariah RFP designees. The Shariah RFP sits alongside the conventional Registered Financial Planner (RFP) qualification and is reached through the Shariah RFP Capstone Programme. Candidates complete the Capstone Programme's Module 7, described by MFPC as the final step towards completing the RFP / Shariah RFP journey and moving closer to becoming a Shariah RFP holder. The qualification is aimed at financial planning practitioners who advise on Shariah-compliant planning, and it is supported by MFPC's Shariah-focused professional activity, including its conference on Shariah wealth management and financial planning and a Maqasid al-Shariah webinar series on translating Islamic principles into practical financial planning. To prepare, work through the Capstone Programme modules in order, study MFPC's published examination guidelines and procedures, and check the examination schedule and announcements before booking. Registration for the 2027 RFP and Shariah RFP Capstone Programmes was announced as open. Topics on this exam: Shariah RFP Capstone Programme (Module 7) - Shariah financial planning. The Shariah RFP M1 study guide has 1 section and about 428 words.
01Shariah RFP Capstone Programme (Module 7) - Shariah Financial Planning
Module 7 tests whether you can run the full financial planning process - establish and define, gather data, analyse, recommend, implement, review - inside a Shariah filter. You must translate client goals into halal structures, quantify zakat and purification, and coordinate takaful, investments and estate distribution without breaching the prohibitions on riba (interest), gharar (excessive uncertainty) and maysir (gambling). The fact-find must capture Shariah constraints explicitly, and every recommendation needs a documented Shariah rationale, not just a financial one. Two-stage screening.
428 words, about 2 minMore study resources for Shariah RFP M1
- Practice questionsIn Shariah financial planning, what does the prohibition of riba primarily require of a client's investment portfolio?
- FlashcardsMaqasid al-Shariah. The higher objectives of Islamic law: preserving religion, life, intellect, lineage and wealth.
- Cheat sheetShariah financial planning is a goals-based process constrained by maqasid al-Shariah (preservation of din, nafs, aql, nasl, mal); every recommendation must be tested against these five before it is presented to the client.
- Key termsShariah financial planning. A structured process of setting financial goals and choosing only Shariah-compliant means to reach them, covering budgeting, saving, investing, protection and estate matters within Islamic ethical limits.
- Study planMap the full Module 7 capstone syllabus into a one-page concept tree covering Shariah financial planning, Maqasid al-Shariah, and the RFP planning process.
- Common mistakesCandidates revise the textbook definition of riba once and then apply it only to conventional bank interest, so they overlook unequal exchange of the same commodity or deferred settlement in commodity-based transactions in the scenario.
- Exam-day guideBring the original government-issued photo ID whose name matches your registration exactly.