APPLIED ISLAMIC FINANCIAL PLANNING -
ISLAMIC ESTATE PLANNING

30 Nov 2021
9:30am to 5:30pm
Course fee: $450
After 90% IBF Subsidy: $45
Virtual Classroom (Zoom)

IBF Course Code: P210601TPI

Click HERE to register

About This Course

Course Synopsis

The programme focuses on helping financial advisers and insurance agents to understand the five important steps of Islamic Estate Planning and Planned Giving and how to apply these steps. Financial Practitioners will understand the concept of “Faraid” – Islamic law of wealth asset distribution. Various techniques and methods for estate planning tools such as- Will, Nomination, Joint Ownership, Lasting Power of Attorney (LPA) and Trust which can be used. Various scenarios of Islamic Estate Planning leveraging on these estate planning tools will be shared and to enable the Financial Practitioners to learn and apply this knowledge.

 

Content Outline:

  • Concept of five key steps of Islamic Estate Planning and Planned Giving
  • Explanation of Islamic law which determines the manner and the order of distribution of the deceased Muslim assets (Faraid)
  • Application of general rules under Islamic Estate Planning
  • Use of “Wasiat” (Will) as an Estate Planning Tool under Islamic law
  • Understanding the concepts of Joint Tenancy and Tenancy in Common
  • Understanding the Lasting Power of Attorney (LPA)
  • Understanding the concept of CPF Nomination and implication to beneficiaries
  • Understanding Trusts as an Estate Planning Instrument
  • Three Key Steps to completing a “Wasiat” (Will) and sample of a “Wasiat” (Will)
  • Scenario based learning of five key steps of Islamic Estate Planning and Planned Giving
  • Overview of the Islamic Estate planning Flowchart

 

Training Methodology:
The training will be conducted via virtual learning and/or physical classroom, with hands-on assignment.

Learning Objectives & Outcomes:

Benefits of the course

Upon completion of the programme, the FA Representatives or Insurance Agents will be able to:

  • Understand the concept of five key steps of Islamic Estate Planning and Planned Giving
  • Gain in-depth insights to apply the five key steps of the Islamic Estate Planning and Planned Giving
  • Understand the Islamic “Faraid” law for asset distribution.
  • Gain greater in-depth knowledge of common estate planning tools such as
    Nomination, Will, Joint Accounts, Lasting Power of Attorney and Trusts
  • Learn to the three key steps of completing a “Wasiat” (Will)
  • Learn to apply the five key steps of Islamic Estate Planning and Planned
    Giving using scenarios.
  • Acquire the knowledge of using Islamic Estate Planning Flowchart

Applied Islamic Financial Planning - Islamic Estate Planning

31 Aug 2021
9:30am to 5:30pm
Course fee: $450
After 90% IBF Subsidy: $45
Virtual Classroom (Zoom)

Limited to 40 pax. Book your seat fast!

Training Grants & Subsidies

IBF Financial Training Scheme (90%)

IBF course fee subsidies for locals attending accredited or recognised courses up to 90%.

​Training Allowance Grant (TAG)

TAG provides $10 per hour of training. Only for company-sponsored individuals; and
Singapore Citizens or Singapore PRs, physically based in Singapore.

Trainer's Profile

Zaid Masagos
Trainer

Zaid Masagos is currently the Head, Aman Amanah Advisory Group & Certified Islamic Wealth Advisor with Islamic Wealth Advisory (FAiWA).


He has almost 20 years of experience as a Financial Consultants with Prudential and Financial Alliance,
providing insurance and investment-related advice to consumers. During his practice, he has been advocating financial literacy training to assist the general public on financial awareness.

He is also the Director & Co-Founder, iFinancial Education Pte Ltd, providing financial literacy training and the President, Muslim Coaches Association Singapore.

Haron Masagoes
Trainer

Haron Masagoes Hassan presently is Senior Executive Wealth Management and the internal Shariah Advisor for the Islamic Wealth Advisory (FAiWA) division within Financial Alliance Pte Ltd. In his role, he works closely with FAiWA’s external shariah advisor, Prof Dr Akram Laldin of ISRA, Malaysia. Haron also has completed the Shariah Advisor Workshop by PERGAS (Association of Religious Islamic Scholars Singapore) which was conducted by Dr Zaharuddin Abdul Rahman.

He is presently also an adjunct lecturer for the International Islamic College and University College of Islam Melaka (under a joint collaboration with Jamiyah Education Centre Singapore) for diploma courses like Principles and Practices of Islamic Banking and Finance & Islamic Law of Transaction.
He completed his Pre-University studies in Madrasah Aljuneid before pursuing his studies in International Islamic University Malaysia (IIUM), obtaining bachelor’s degree in Comparative Religion Studies and Usuluddin. He had completed a certificate in Fundamentals of Financial Services from Chartered Institute for Securities & Investment (CISI).

He has given numerous seminars and diploma courses on a range of topics including Islamic finance, wealth management, contemporary Islamic sciences, investments, financial advisory and proper Islamic estate planning. He had been interviewed by Mediacorp Suria under its program ASET in which he covered the topics like future growth trend in Islamic Finance as well as matters related to Islamic Estate Planning.