Shariah RFP Module 2 study guide
Shariah RFP Module 2 · Work through your exam, one topic at a time.
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. The Shariah RFP Module 2 study guide has 7 sections and about 1,930 words.
01Fundamentals of Shariah Financial Planning
This domain tests whether you can build a financial plan from Shariah first principles rather than retrofitting conventional products. Expect questions on the sources of Shariah, maqasid al-shariah, the prohibitions of riba, gharar and maysir, and contract validity.
317 words, about 2 min02Risk Management & Takaful Planning
This domain tests risk identification and treatment within Shariah limits, and the structure of takaful as mutual protection rather than a conventional insurance contract. Risk treatment options are avoidance, reduction, retention and transfer.
291 words, about 1 min03Shariah Investment Planning
This domain tests screening, purification, asset allocation and product selection across Shariah-compliant equities, sukuk, funds and deposits. Investments must avoid riba, gharar, maysir and haram sectors.
265 words, about 1 min04Zakat & Tax Planning
This domain tests zakat computation, nisab, haul, zakatable assets, liabilities, and the interaction between zakat and tax relief or rebate. Zakat is due on qualifying wealth at 2.5% after a lunar haul (one Hijri year) and upon reaching nisab.
292 words, about 1 min05Shariah Estate Planning
This domain tests faraid, wasiyyah, hibah, waqf, nomination and the order in which an estate is distributed. Distribution order: pay funeral and burial costs, debts, then valid wasiyyah, then faraid shares.
262 words, about 1 min06Retirement Planning
This domain tests Shariah-compliant accumulation, decumulation, longevity risk and the treatment of retirement assets in zakat and estate planning. Estimate retirement income need from current spending, inflation and expected lifespan.
243 words, about 1 min07Applications of Shariah Financial Planning
This domain tests integrated case work: fact-finding, goal prioritisation, product selection, documentation and monitoring across all earlier domains. Start with the client's objectives, dependants, cash flow, existing assets, liabilities and risk exposures.
260 words, about 1 min