Shariah RFP Module 2
Shariah RFP Capstone Programme - Module 2: Risk Management & Takaful Planning
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ExploreAbout this exam
The Shariah RFP Capstone Programme is a six-day intensive programme designed by the Malaysian Financial Planning Council (MFPC) as a fast track pathway for existing practitioners, accountants, lawyers or academicians to become a qualified Shariah financial planner. It was launched on 28 May 2011 by Y.B. Senator Dato' Ir Donald Lim Seng Chai, then Deputy Minister of Finance, and MFPC frames it in line with the Malaysian New Economic Model to increase the pool of well-trained human capital and to address the need for qualified Shariah financial planners positioning Malaysia as a regional hub for Islamic finance. Participants who successfully pass all the assessment and examination are conferred the Shariah RFP designation. The programme is organised into seven modules: Fundamentals of Shariah Financial Planning; Risk Management & Takaful Planning; Shariah Investment Planning; Zakat & Tax Planning; Shariah Estate Planning; Retirement Planning; and Applications of Shariah Financial Planning. Module 2, Risk Management & Takaful Planning, is the risk and protection segment of that sequence. To prepare, work through the module materials in order, since later modules build on earlier ones, and treat Module 2 as the bridge between Shariah fundamentals and the investment, zakat, estate and retirement modules that follow. Confirm class schedules, examination schedules and the current brochure through MFPC's official channels rather than relying on second-hand summaries; MFPC publishes class and examination schedules and a downloadable brochure, and registration is handled through its portal. Note that this page is independent study material and is not affiliated with or endorsed by MFPC.
What you'll study
About Shariah RFP Module 2 preparation
Is Module 2 a standalone exam or part of a larger programme?
Module 2 is one of seven modules in the Shariah RFP Capstone Programme, listed as Risk Management & Takaful Planning. The source describes assessment and examination for the programme as a whole and does not publish a separate Module 2 syllabus, question count or duration, so check MFPC's examination guidelines for current details.
What does Module 2 cover?
The official module title is Risk Management & Takaful Planning. That places it between Module 1, Fundamentals of Shariah Financial Planning, and Module 3, Shariah Investment Planning. The source does not publish a detailed topic breakdown, so use the current MFPC brochure and class schedule for the authoritative scope rather than assumed content.
Who is the programme designed for?
MFPC describes it as a fast track pathway for existing practitioners, accountants, lawyers or academicians to become a qualified Shariah financial planner. If you already hold a professional or academic background, the capstone route is aimed at you. Formal entry requirements are published separately on MFPC's Entry Requirements page.
How long does the programme take?
The source describes a six days intensive programme. It does not state how the days are spread across modules, whether attendance is physical or virtual, or how much self-study is expected. Consult the class schedule and examination schedule published by MFPC before planning your calendar.
What do I receive if I pass?
MFPC states that participants who have successfully passed all the assessment and examination shall be conferred with the Shariah RFP designation. Passing one module alone does not confer the designation. Plan to complete the full set of assessments and examinations across the programme.
How should I order my study across the modules?
Follow the published module sequence: fundamentals, then risk and takaful, then investment, zakat and tax, estate, retirement, and finally applications. Module 2 assumes Module 1 vocabulary, and Modules 3 to 6 repeatedly return to risk and protection concepts, so do not skip ahead before Module 2 is secure.
Where do I register and confirm dates?
MFPC directs candidates to register through its portal, with programme details on its website, and publishes a class schedule, examination schedule and downloadable brochure. Registration for the 2027 RFP and Shariah RFP Capstone Programmes was announced as open in MFPC's 6 November 2026 post. For assistance, MFPC lists its Education Department contact.
What are common reasons candidates struggle?
Two recurring risks: treating the capstone as a shortcut and under-preparing because it is marketed as fast track, and studying modules out of order so that risk and takaful concepts are never linked to zakat, estate or retirement planning. Build a study plan covering all seven modules, not just the one you find easiest.
Can I retake an assessment if I fail?
The source does not state a retake policy, resit fee or validity period for the Shariah RFP Capstone Programme. These details are not published on the pages reviewed, so confirm them directly with MFPC's Education Department before assuming any resit arrangement exists.