Fintech Solutions for Islamic Wealth Management and Financial Planning


The leading players in Islamic Wealth Management and Financial Planning once again gathered at the 4th MFPC International Conference on Islamic Wealth Management & Financial Planning (ICWMFP) at Putra World Trade Centre (PWTC), Kuala Lumpur on 15 April 2017. With the pertinent need of early knowledge of Fintech among the financial fraternity, MFPC has decided to organise this year’s conference with the theme “Islamic Wealth Management and Fintech Solutions”. The 4th ICWMFP saw participation of experts from various sectors including finance, banking, academician and the Fintech.

Managing Director of Islamic Capital Market from Securities Commission (SC) Malaysia, Mr Zainal Izlan Zainal Abidin, delivered the key note address. The organising chairman of the conference, Assoc. Prof. Dr Ahcene Lahsasna stated that this year’s conference provides alertness about the challenges and the advantages of the Fintech in Islamic wealth management. He also added that Fintech has become such a global interest and the technology would alter the Islamic Wealth Management Industry.

He also stated that Bank Negara Malaysia has established the Financial Technology Enabler Group (FTEG) in the month of June 2016 as the central contact point on Fintech related queries. “Financial Technology Enabler Group (FTEG) is a group that will serve as the central contact point on Fintech related queries, which includes matters related to regulation and the implementation of Fintech. This group will be supervised by Bank Negara Malaysia’s Financial Sector Development Department” he said. Featuring well know names with intellectual depth, the key objectives of the 4th MFPC International Conference serve as a thought provoking discussion and honest reflection of Fintech and its ability to alter the financial market place.

Simultaneously, the 7th MFPC Graduation took place at Dewan Tun Dr. Ismail of PWTC. This year’s batch successfully completed the Registered Financial Planner (RFP) and Shariah RFP intensive programme and received the professional designation. In his opening speech, the organising chairman of the ceremony, Mr Victor Kho Chu Ing, stated that this year’s theme “Be Professional. Be Ethical.” He emphasised that graduates must have high level of integrity, honesty and must not be subordinated to any personal gain or desire. The 7th graduation was officiated by the Assistant Governor of Bank Negara Malaysia, Ms. Jessica Chew, with a total of 320 graduates were coffered the titles of RFP or Shariah RFP. Building on its success since 2002, this graduation focused on the importance of ethics towards the profession as a Financial Planner.

President of MFPC, Mr Md Adnan bin Md Zain, congratulated and encouraged the graduates in his speech. He said: “Today is the beginning in what would be a long and arduous journey as professional financial planners. Always be mindful, that the path success is not easy and it may take multiple failures and obstacles to reach the top. As long as you are willing to press on, there will always be creative ways in helping your clients achieve their desired financial wellness”. Four best students were announced and presented with an award during the ceremony. In addition to receiving token of appreciation, they will be entitled to a full scholarship to pursue another MFPC programme.