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

IBF Course Code: P210601MRV

Click HERE to register

About This Course

Course Synopsis

The programme focuses on helping financial advisers and insurance agents to understand the concept of Islamic Banking -Wealth Purification Concept (Zakat) taking into considerations the pre-qualifying conditions. Financial Practitioners will understand how to apply the Zakat concept and be equipped with the knowledge to calculate each wealth category. Financial Practitioners will appreciate the importance of Islamic Dedication of Assets and learn to apply the cash flow concept using W.E.A.L.T.H. Concept.

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 present time
  • Islamic Wealth Banking Concepts in relations 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


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:

  • Acquire In-depth understanding of the Islamic Banking -Wealth Purification Concept (Zakat).
  • Understand the pre-qualifying conditions for Zakat calculations.
  • Apply the Zakat Concept knowledge in current time.
  • Master the calculation method of Zakat for each wealth asset class.
  • Appreciate the importance of Islamic dedication of assets and methods of dedicating the assets.
  • Appreciate the Importance of Cash Flow using W.E.A.L.T.H Concept!
  • Apply the W.E.A.L.T.H Concept.

Applied Islamic Financial Planning - Zakat Calculations And Cashflow

30 Aug 2021
9:30 am to 5:30 pm
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

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

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.