• We are available for any custom works this month
  • Main office: Springville center X264, Park Ave S.01
  • Call us (123) 456-7890 - (123) 555-7891

Course Information

About this Course

This course introduces the basic concept of financial planning in Islam including the concept of wealth and debt and the process of Islamic financial planning. Analysis on the individual financial needs and the description of the various types of shariah-compliant investment instruments will also be covered, followed by an understanding of the concept of zakat and taxes, takaful, haj planning, retirement planning and assets distributions

Course Syllabus

1. Introduction to Islamic Financial Planning
1.1 Concept of financial planning
1.2 Concept of Islamic financial planning
1.2.1 Concept of wealth in Islam
1.3 Concept of debt in Islam
1.4 Significance of Islamic financial planning
1.5 Personal financial planning process

2. Financial needs analysis
2.1 Personal Financial Needs
2.2 Types of Financial Resources
2.2.1 Factors related to income level
2.3 Personal Financial Statements and Financial Ratios (calculation)
2.3.1 Personal Balance Sheet
2.3.2 Personal Income and Expenditure Statement
2.3.3 Personal Budget
2.3.4 Financial ratio analysis
2.4 Personal Credit Management
2.4.1 Principles of good credit mgmt
2.4.2 Types of financing ( Personal, Financing, Home Financing, ar-rahnu, card facilities, refinancing)
2.5 Financing providers
2.5.1 List and factors to choose fin. Inst

3. Personal Investment Instruments
3.1 Introduction to investment, risk & return (calculation),financial system & securities markets
3.2 Equity investment
3.3 Unit trust investment
3.4 Property investment
3.5 Short-term instruments

4. Zakat and Taxes Planning
4.1 Introduction to zakat and taxes planning
4.2 Tax planning
4.2.1 Malaysian tax system
4.2.2 Tax avoidance and evasion
4.2.3 Components and calculation of tax
4.2.4 Mode of tax payment
4.3 Zakat
4.3.1 Wisdom and significance
4.3.2 Types and calculation of zakat
4.3.3 Methods of zakat payment

5. Takaful Planning
5.1 Introduction - What is takaful?
5.2 Benefits of takaful
5.3 Takaful operators and products
5.3.1 Family takaful
5.3.2 General takaful
5.4 How to participate in takaful?

6. Haj Planning
6.1 Introduction ? What is haj?
6.2 Conditions to perform haj
6.3 Financial planning for haj (calculation)

7. Retirement Planning
7.1 Introduction ? Importance of retirement planning, process
7.2 Retirement planning cases (calculation)
7.3 Employees Provident Fund
7.3.1 Introduction
7.3.2 Benefits and types of withdrawals

8. Sadaqah and Wakaf
8.1 Concept of sadaqah and waqaf
8.2 Waqaf (overview, pillars and conditions, types and importance to ummah)
8.3 Differences between waqaf and sadaqah

9. Assets redistribution in Islam
9.1 Introduction and evidences
9.2 Definition, importance, types and ranking of asset redistribution
9.3 Faraid (definition and beneficiaries)
9.4 Wasiyyah (definition and concept)
9.5 Hibah (definition and concept)
9.6 Differences between wasiyyah and hibah
9.7 Role of shariah court