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Financial Planning Seminar and Launch of Takaful Book by Wealth Lab …
Financial Planning Seminar and Launch of
Takaful Book by Wealth Lab
(SYARIAH FINANCIAL PLANNING)
Background of the Speaker
Assoc. Prof. Dr. Ahcene Lahsasna
CEO Salihin Shariah Advisory and Vise President MFPC
The Shariah Dimension of Financial Planning
Shariah financial planning can be understood from the position of Shariah wealth
Wealth should only be used according to the guidelines provided by Allah
All activities related to wealth such as protection, investment, should be conducted on the basic of the relevant Shariah guidelines.
Financial planner is define as : A person who carries on a business of analysing the financial circumstances of another person and provides an plan to meet that other person's financial needs and objectives, including any investment plan in securities, whether or not a fee is charged in relation thereto.
Defning Financial Planning and Shariah FinancialPlanner
International Organization for Standardization defines personal financial planning as follows :
Personal financial planning is a an interactive process designed to enable consumer / client to achieve their personal financials goals.
The MFPC defines as: A process or methodology of existing client in determining their financial goals, objectives and privates and the resources to meet them in an optional and practical mover.
Scope and Objectives of Shariah Financial Planning
The recommendations address all of the clients needs investments considerations risk management and takaful planning
In Shariah financial planning, the scopes should be divided to cover the requirements and recommendations of the Shariah
The objectives of financial planning
-Providing direction to a person's financial decision.
Allowing a person to understand how each financial decision affect other areas of his finances.
-Proper fulfillment of obligation and recommendation of a financial nature prescribe by the Shariah.
Conducting the financial management process.
Criteria in Islamic financial planning
The financial planning is financial assistant to people in order to manage idea finance in proper manner.
The financial should be in line with the objective of the Shariah finance.
-The objective of the financial planning is to determine the financial goals of the client.
Discussion and Recommendation: Shariah Financial is an Islamic financial and base on Islamic rules. So, it is good and trusted in making investment for a person.