Islamic Financial Planner (IFP) Challenge Opens

FPAM and IBFIM are pleased to introduce the IFP Challenge status to qualified candidates of the Islamic Financial Planner (IFP) program. Under the IFP Challenge, the approved candidate is only required to sit for IFP Module 6, by completing 40 hours of classroom-based lectures and passing the IFP Module 6 examination.

Candidates having the following professional credentials, academic qualifications and industry experience are eligible to apply for the IFP challenge status:

(i)	CFP, RFP and ChFC holder
(ii)	Master or Doctorate degree holder in Islamic banking and finance
(iii)	Bachelor degree holder in Islamic studies or from Islamic Universities with 5 years minimum working experience in the Islamic financial services industry
(iv)	At least a Bachelor degree holder in any discipline with 15 years minimum working experience in the Islamic financial services industry

The first IFP Module 6 course has been scheduled to start in April 2008 in preparation for the examination in June. A preparatory course before going into the M6 course has been scheduled in January 2008. (Click here to learn more of the IFP Challenge Prep course)

The IFP M6 course fees are RM1,500 for tuition and RM300 for exam. To encourage qualified candidates to attempt the IFP Challenge, a special incentive scheme of RM500 upon passing of the exam has been introduced.

The IFP M6 exam consists of Part A – 60 Multiple-choice questions within 3 hours and Part B – Case analysis and Essay within 3 hours.

Those interested to take the IFP Challenge are required to fill-up the application form. The deadline to submit the application to be in the first batch of IFP holders is December 14, 2007. Nonetheless, IFP Challenge applications are accepted all year round whereby approved candidates may attend the next M6 course available.

We envisage big demand by the Islamic finance industry for IFP training in the near future and strongly encourage CFP holders and other qualified candidates to take the IFP Challenge to boost the number qualified IFP Trainer.

For enquiries, send email to zahidi@fpam.org.my