Your Journey
Begins Here
Recognised by
A Professional Qualification by
Accredited by
Message From
The Principal
First and foremost, I offer my deepest gratitude to Allah The Almighty, whose unwavering support and guidance have been the driving force behind Emzek Academy PLT, the esteemed training arm of Emzek Associates (M) Sdn Bhd, in its mission to disseminate the Islamic Financial Planner (IFP) Program. Since our inception, we have successfully organized 22 series of Online IFP Challenge Status, encompassing 8 Inhouse programs and 2 series of IFP Full-Fledged Programs.
We take pride in the fact that we produced a total of 334 graduates of IFP Program. Among them, 96% are Muslims, and the remaining 4% are non-Muslims. Various methods of learning were embraced, with 78% opting for online learning, 13% engaging in face-to-face classes (held in Kuantan), and 9% participating in a hybrid blend of online and face-to-face sessions.
Furthermore, 84% of participants enrolled in the Challenge Status program, while the remaining 16% pursued the Full-Fledged program. In terms of registration, 72% signed up for the Public Program, 17% for the In-house Program, and 11% represented IPTA/IPTS institutions. We are also thrilled to share that among the 82% who sat for examinations, the average passing rate stands at an impressive 86%.
With our guiding principle, “Empowering Futures, Guided by Shariah,” we aim to leave a lasting imprint on the financial landscape by advocating for practices that resonate with the principles of Shariah. This commitment stems from our belief that ethical financial planning not only safeguards wealth but also nurtures a society founded on justice and integrity.
We extend our gratitude to all graduates of IFP for their efforts and dedication in completing this program, and we look forward to witnessing the pure and positive impact they bring to the world of Shariah-compliant finance.
A heartfelt appreciation is also extended to our dedicated trainers, whose invaluable contributions have been instrumental in shaping the minds of our esteemed IFP graduates. Your unyielding dedication to imparting knowledge and expertise has played a pivotal role in cultivating a generation of professionals well-versed in the intricacies of Islamic finance and guided by the tenets of Shariah.
May Allah continue to bless our endeavors and may the knowledge we share continue to illuminate the path towards financial prosperity guided by His divine wisdom.
With due respect,
Zahidi Ahmad IFP® , MMA (Muamalat)
He possesses over 32 years of extensive experience in product development, business expansion, strategic planning, subject matter expertise, and corporate management. His notable involvement in the development of the Islamic Financial Planner (IFP®) Program attests to his significant contributions to the field. Holding a Master of Muamalat Administration (MMA) degree, Zahidi Ahmad demonstrates a profound dedication to training. He has served as a trainer for various programs, including the Islamic Financial Planner Program, Islamic Investment, Retirement Planning, Islamic Estate, and Waqf, as well as the Comprehensive Plan Construction Modules.
What IFP® is all about
The Islamic Financial Planner™ (IFP®) program represents a pioneering initiative in the realm of Islamic finance, brought to fruition through a fruitful partnership between two esteemed institutions: the Islamic Banking and Finance Institute Malaysia (IBFIM) and the Financial Planning Association of Malaysia (FPAM). This collaborative venture underscores a shared commitment to advancing proficiency in Islamic financial planning.
The ownership of the distinguished IFP® mark is jointly held by FPAM and IBFIM, symbolizing their collective dedication to the program’s standards and objectives. Within this cooperative framework, each partner assumes distinct responsibilities. FPAM takes charge of the program’s marketing endeavors and oversees membership affairs, ensuring that the benefits and opportunities associated with IFP® are effectively communicated and accessible to its practitioners.
Meanwhile, IBFIM assumes a pivotal role in the academic dimension of the program. It is entrusted with the crucial tasks of formulating and refining the program’s syllabus to ensure its relevance and effectiveness in line with evolving industry practices. Additionally, IBFIM administers the necessary examinations, upholding the rigor and integrity of the certification process. This ensures that individuals who successfully complete the IFP® program have demonstrated a thorough understanding and proficiency in Islamic financial planning.
In essence, the IFP® program stands as a testament to the collaborative spirit of the Islamic finance community, as it combines the expertise and resources of IBFIM and FPAM to deliver a comprehensive and industry-relevant educational experience in Islamic financial planning.
Membership certainly has its privileges. FPAM is currently working with IBFIM to bring about more awareness of Islamic financial planning through various public outreach programs.
At the same time members will also be equipped with more knowledge and strengthening their competency through relevant continuing education (CE) courses moving forward. But most importantly, Islamic financial planning, like conventional financial planning, is a profession, not an academic qualification
Certification Program
Islamic Financial Planner™ (IFP®)
The Islamic Financial Planner™ (IFP®) certification program stands as a specialized training initiative tailored to meet the distinctive needs of professionals and personnel catering to the retail sector of Islamic financial products. The discerning Muslim retail clientele of today necessitate a heightened level of competence and ethical conduct from financial planning practitioners. Endorsed by both the Securities Commission of Malaysia (SC) and Bank Negara Malaysia (BNM), the IFP® program has garnered Full Accreditation status from the Finance Accreditation Agency (FAA). This recognition underscores the program’s adherence to rigorous industry standards and its commitment to producing highly skilled and ethically-driven Islamic financial planning professionals.
Benefits
Learning Outcomes
Upon completion of this advanced level, participants would attain complete knowledge and have standard proficiency as Islamic Finance professionals.
Participant will be able To
Why you Should Join?
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01.
A joint collaboration programme between IBFIM and FPAM and supported by the Capital Market Development Fund (CMDF)
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02.
Recognized by Securities Commission Malaysia for Capital Market Services Representative’s License (CMSRL)
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03.
Recognized by Bank Negara Malaysia for Financial Adviser’s Representative’s License (FAR)
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04.
IFP certificants are exempted from Takaful Basic Examination (TBE) by Malaysian Takaful Association, Insurance Agents (PCEIA) Part A, B & C by Malaysian Insurance Institute (MII), Computerized Unit Trust Examination (CUTE) by Federation of Investment Managers Malaysia (FIMM)
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05.
Awarded Full Accreditation status by Finance Accreditation Agency (FAA)
Content
What you will learn?
IFP® FULL-FLEDGED PROGRAM
IFP® CHALLENGE STATUS PROGRAM
Certification Program
Entry Requirements
IFP® Challenge Status Program
Requirements?
Any Of These Requirements:
- Certified Financial Planners (CFP) holders
- Other Professional certificates e.g Chartered Financial Analyst (CFA), Chartered Accountant (CA), Certified Islamic Finance Professional (CIFP) or equivalent with 3 years of experience.
- Bachelor’s Degree holder in any discipline with 5 years of minimum experience in Islamic financial service industry.
EMZEK ASSOCIATES AS LEARNING CENTER
Why CHOOSE Emzek FOR YOUR IFP JOURNEY?
When you choose Emzek Academy for your IFP® certification, you’re not only gaining access to a comprehensive and engaging learning experience but also benefiting from our commitment to your success and financial convenience. Join us in shaping a brighter future in Islamic financial planning.
testimony
Participants feedback
Terima kasih kepada semua tenaga pengajar Emzek Academy, dengan tunjukajar dan komitmen membantu kami berjaya dalm IFP. Penghargaan yang tinggi dan Jazakumullah khairan kathira."
Honestly, I'm grateful to have joined this IFP class. Alhamdulillah and thank you Emzek for giving me this wonderful and blessful opportunity joining your class."
Brief Remarks
Really good knowledge, support, trainers, coordination
What I enjoyed the most while learning with Emzek is the great online session and support
Muhammad Nur Wafi Omar
Systematically organised which suit all level
Apart from weekend face-to-face classes, we also were given online training and exercise
Zahra Mat Isa
Very experienced trainer - Tuan Zahidi
I really enjoyed all modules taught with real case study
Noor Hamiza Mad Nor
Easy to understand the topics discussed
What I enjoyed the most while learning with Emzek was the comprehensive solution taught in Islamic financial planning
Datuk Baharom Embi
Learned good learning concept and get real examples
What I enjoy most is the opportunity to learn from dedicated trainers
Datuk Hj Abd Rashid Che Ali
Very nice, knowledgeable, friendly and helpful trainers and Emzek family
I enjoyed the face-to-face class with practice and learned from the subject matter experts
Daniel Ng
Program Fees
Your Investment
ONLINE IFP® FULL-FLEDGED PROGRAM
ONLINE IFP® CHALLENGE STATUS PROGRAM
SERIES OF INTAKES IN 2024
IFP PROGRAM Schedules 2024
Mode of payment
Available Options
Online IFP® Full-Fledged Program
Starting from
RM770 / month*
Options :
*Excluding Exam Fee
Online IFP® Challenge Status Program
Starting from
RM700 / month*
Options :
*Excluding Exam Fee
FAQ
How Can We Help You?
WHAT IS ISLAMIC FINANCIAL PLANNING?
Financial planning is the process of creating strategies to help clients manage their financial affairs to meet life goals. The process involves taking a HOLISTIC view of one’s financial affairs covering various areas of wealth management. Concurrently, the 6-step process will be applied in addressing financial issues and recommending solutions to achieve financial goals.
Islamic financial planning is financial planning that is in conformity with Shariah.
WHAT IS THE ISLAMIC FINANCIAL PLANNER™ (IFP®) PROGRAM?
The IFP® is a training and certification programme designed especially for professionals and executives serving the retail segment of the Islamic financial market. This programme is a collaboration between the Islamic Banking and Finance Institute Malaysia (IBFIM) and the Financial Planning Association of Malaysia (FPAM).
WHAT AREAS OF KNOWLEDGE DOES THE IFP® PROGRAM COVER?
The IFP® program covers the major components of financial planning with the Islamic aspects being comprehensively integrated into each of the IFP® modules.
WHAT ARE THE IFP® MODULES?
The 4 modules of the IFP® program covering the Islamic financial planning components are:
Module 1 – Shariah & Major Components of Islamic Financial Planning
Module 2 – Islamic Risk Management, Estate & Waqf Planning
Module 3 – Islamic Investment, Retirement, Zakat & Tax Planning
Module 4 – Islamic Financial Plan Construction & Professional Responsibilities
IS THE IFP® PROGRAM CONDUCTED BY EMZEK ACADEMY RECOGNIZED BY THE SECURITIES COMMISSION (SC) AND BANK NEGARA MALAYSIA (BNM)?
Yes, Emzek Academy is the learning center for IFP and the IFP® qualification is recognised by the SC for Capital Market Services Representative’s License for financial planning and by BNM for Financial Adviser’s Representative license. The SIDC has also approved the IFP as a CPE-recognised professional qualification.
WHAT IS THE ROLE OF AN ISLAMIC FINANCIAL PLANNER™?
A financial planner as defined by the Securities Commission Malaysia (SC) as per Schedule 2 of the Capital Markets and Services Act 2007 is a person who analyzes the financial circumstances of another person and provides a plan to meet that other person’s financial needs and objectives.
Islamic financial planner is a financial planner capable of meeting the financial needs of clients in conformity with Shariah.
WHY SHOULD UNIT TRUST CONSULTANTS AND TAKAFUL AGENTS BE AN IFP®?
Being certified as an Islamic Financial Planner™ will equip the Unit Trust consultants and Takaful agents with all the necessary knowledge to serve clients better and become financial advisory professionals. The IFP® program sets the competency standards and ethical practices of the professionals. In short, the consultants and agents can look forward to a fulfilling and prosperous career of being Islamic financial planners. Also, BNM via a letter dated 1 Aug 2007 has endorsed IFP® Modules 1 and 2 for Takaful executives and agents.
HOW DO I KNOW IF I AM ELIGIBLE FOR IFP® COURSE?
Please refer to the minimum requirements section or contact us if you need any further enquiries.
HOW LONG IS THE DURATION OF THE IFP® PROGRAM?
IFP® Full-Fledged Program requires 7 days for Module 1, 9 days for Module 2, 8 days for Module 3, and 4 days for Module 4. While Challenge Status (CS) requires 6 days. A candidate can be certified as an IFP® only after passing the M4 exam or the CS exams. The examinations are conducted at the end of each module. Candidates are required to register for the exams. Kindly check with Emzek for the exact dates.
WHAT IS THE FORMAT OF THE REMOTE EXAMINATIONS FOR IFP® CERTIFICATION PROGRAMS?
Module 1 to 3 consists of 75 Multiple Choice Questions to be completed in 3 hours.
Module 4 and Challenge Status) CS) comprises 2 Papers. Paper 1 is a 75 Multiple Choice Questions to be completed in 3 hours and Paper 2 is an essay styled Case Study Question Paper to be completed in 5 Hours.
Examinations shall be conducted by IBFIM.
HOW MUCH IS MY INVESTMENT TO BE CERTIFIED AS AN IFP®?
To be certified as Islamic Financial Planner™, the candidate is responsible for program fees and exam fees. For Full-Fledged, the program fees for the 4 modules are RM7,700 and exam fees RM1,600 (RM400 for each module). While for Challenge Status, the program fees are RM2,100 and exam fees RM400.
Emzek provides an easy payment scheme for the program fees and rebate if the candidate chooses to pay in a lump sum at the beginning of the program.
ARE IFP® FEES CLAIMABLE UNDER EPF?
EPF has approved the application for the IFP® certification program to be listed under its approved professional courses. The application shall be done through FPAM.
ARE FEES PAID FOR THE IFP® PROGRAM ELIGIBLE FOR TAX DEDUCTION?
Yes, the IFP® program is an Islamic finance course to produce Islamic financial planning professionals recognised by the Securities Commission and BNM. The fees paid are tax-deductible under relief
IF I HAVE TO RE-SIT AN EXAM, DO I JUST PAY THE EXAM FEES OR DO I NEED TO PAY THE COURSE FEES AS WELL?
If you need to re-sit an exam, you are required to register for the next examination and pay only the exam fees. However, if you wish to attend any of the classes, please check with Emzek.
IS THE IFP PROGRAM RECOGNISED INTERNATIONALLY?
IBFIM and FPAM have every intention to promote the IFP program internationally. Currently, countries like Singapore, Brunei, and Indonesia have recognised IFP Program.
