Shariah Compliancy in Financial Planning (Part 1 of 2)
Published: Mon, 11/15/21
Riba & Barakah:
Understanding Muamalat, Debts & Loans
Monday,22 November 2021
9.30am - 5:30pm (Lesson + Q&A)
Online via Zoom
Being a more holistic Financial Planner/Wealth Advisor
Are you a Financial Planner / Wealth Advisor who have Muslim clients?
Are you looking to gain more knowledge that can add more value to your Muslim clients?
Other than the normal financial instruments such as insurance, short and long term investments, how else can you help your Muslim clients be more financially savvy and yet be more God conscious?
This is a 4 days’ course ( 8 hours per day - total: 32 hours ) conducted online in Zoom with our experienced Islamic financial practitioners in Singapore.
What is this course all about?
Financial planning is a major component in Muamalat (commercial transactions) that form one of the chapters in Fiqh (Islamic Jurisprudence).
The importance of Islamic financial planning should not be undermined because Shariah principles encompass a Muslim's way of life, and Muslims are obligated to follow these principles; in Ibadah (religious rituals), Munakahat (family law), Jinayat (crime)
and Muamalat.
Islamic financial planning has the same objectives as conventional financial plans – to help people accumulate, protect and distribute their wealth.
The difference is that an Islamic financial plan is grounded in accordance with Islamic values and principles.
Content Outline:
Islamic Banking explanation of Usury (Riba) and Blessing (Barakah)
Reasons behind the prohibition of Usury under Islamic Banking Consequences and Impacts of Usury on society
Islamic Finance Philosophy- Strive for Barakah
Definition and Characteristics of Islamic Banking Commercial Transactions (Muamalat)
Four Ethical Elements of Islamic Commercial Transactions
Concept of Good Debt vs Bad Debt and Big-Ticket Items vs Small Ticket Items
Three Levels of Determining Factors before Spending
Credit Card Pitfalls
Concept of Compounding Interest Rate and calculation method
Details
Venue: Online
- Registered participants will be invited into the Zoom session.
- Do check your email for the link 4 hours before the session start.
Day/Date: Monday, 22 November 2021
Time : 9:30am to 5:30pm (Lesson + Q&A)
Fees: Recordings shared is subject to Islamicevents terms and conditions.
$450 (Non - IBF Funded. Non-MAS Licensee holder)
$45* (After Enhanced IBF Funding Support. For MAS Licensee / Financial Practitioner.)
Click here to know more if you are qualified for the IBF funding)
Terms & Conditions
- Full Payments are to be made before the Course starts.
- NO REFUND for participants that fail to attend the Course. Ensure you can commit to the course timings.
- Participants will be given Notes. You will have to download from the link given nearer to the course dates.
- The organizer has the right to make changes to the schedule or cancel the course. Participants will be informed in advance of changes.
Our HOTLINE @ 9002 5749 operates during office hours.
Office operating hour is from Monday to Friday, 10.30 am to 6.30 pm.
At the end of this course, you will be able to comprehend and apply the principles of Shariah appropriately in planning your finances in all five areas of focus:
- Wealth Maintenance (money and tax management planning),
- Wealth Enhancement (investment planning),
- Wealth Protection (insurance planning),
- Wealth Accumulation (retirement planning) and
- Wealth Distribution (estate planning).
Content Outline:
Definition of Islamic Banking- Wealth Purification-Zakat
Five pre-requisites about wealth prior to Zakat Calculations
Categories of recipients of Zakat and still applicable in the present time
Islamic Wealth Banking Concepts in relation to the obligations of Zakat
Calculation method using Islamic Banking Concept -Zakat on each asset class e.g., Saving, Gold, Shares. Insurance etc
Concept on Islamic Banking Approach towards – Dedication of Assets
Common methods for Islamic approach for Dedication of Assets
Cash Flow Concept using W.E.A.L.T.H
Why, What and How to apply W.E.A.L.T.H
Details
Venue: Online
- Registered participants will be invited into the Zoom session.
- Do check your email for the link 4 hours before the session start.
Day/Date: Tuesday, 23 November 2021
Time : 9:30am to 5:30pm (Lesson + Q&A)
Fees: Recordings shared is subject to Islamicevents terms and conditions.
$450 (Non - IBF Funded. Non-MAS Licensee holder)
$45* (After Enhanced IBF Funding Support. For MAS Licensee / Financial Practitioner.)
Click here to know more if you are qualified for the IBF funding)
Terms & Conditions
- Full Payments are to be made before the Course starts.
- NO REFUND for participants that fail to attend the Course. Ensure you can commit to the course timings.
- Participants will be given Notes. You will have to download from the link given nearer to the course dates.
- The organizer has the right to make changes to the schedule or cancel the course. Participants will be informed in advance of changes.
Our HOTLINE @ 9002 5749 operates during office hours.
Office operating hour is from Monday to Friday, 10.30 am to 6.30 pm.
