Kuala Lumpur, 8 April 2019 MFPC held its 8th biennial graduation ceremony, at the Berjaya Times Square Hotel, celebrating the accomplishment of over 500 graduating students with the Registered Financial Planner (RFP) or Shariah Registered Financial Planner (SRFP) designations. Building on its success since the year 2004, this year’s ceremony focused on the importance of transforming the lives of individuals by ensuring the adoption of financial planning approaches.
Representing the Malaysian Government at the Council’s 8th Graduation ceremony was YB Fuziah Salleh from the Prime Minister’s Department who is in charge of Islamic affairs. MFPC has in recent years build the momentum of the Shariah RFP designation to meet the needs of the Malaysian populace.
In her speech, Fuziah Salleh said, “I would like to remind you that professionals like you are critically needed for the too many Malaysians who face financial distress”. “More and more Malaysian consumers are getting into serious financial problems due to poor financial knowledge, wrong attitudes and poor financial habits leading to irresponsible financial behaviour,” she added.
Michael Kok Fook On, President of MFPC, congratulated and encouraged the graduates. He said, “As the demand for Islamic financial services continues to grow locally and globally, Malaysia is well placed to take advantage of this. It is Islamic finance that provides Malaysia with our advantage over neighbouring financial centres”. “MFPC’s development of the Registered Shariah Financial Planner has certainly been a move in the right direction. And I am encouraged to see Muslims, as well as non-Muslims, graduating today with this designation. This augurs well for Malaysia’s thrust to be an Islamic Finance hub”, he said.
The Agensi Kaunselling & Pengurusan Kredit (AKPK) and the Employees Provident Fund (EPF) has made it compulsory for all their customer-facing financial advice personnel to be equipped with either the RFP or Shariah RFP designation. The favoured designation in Malaysia was the brainchild of the former governor of Bank Negara Malaysia and is the prerequisite qualifications for the application as licensed intermediaries.
The ceremony also saw the annoucement of four outstanding student awards, and the confermnent of fellow members to Vincent Kwo, Deputy President of the Council, Khor Hock Seng, Group Chief Executive Officer of Great Eastern Holdings Limited, Fikri Mohamad Rawi, CEO of Sun Life Malaysia Takaful Berhad and Ahcene Lahsasna, CEO of Salihin Shariah Advisory for their outstanding contribution to the development of MFPC.
Our home grown RFP programmes ensures our graduates are able to blend ground-breaking intellectual achievement with practical applications