Successful investing is a journey, not a one-time event, and you’ll need to prepare yourself as if you were going on a long trip. Begin by defining your destination, then plan your investment journey accordingly. For example, are you looking to retire in 20 years at age 55? How much money will you need to do this? You must first ask these questions. Shariah Financial planning is a smart way to keep your financial house in order. The plan that you come up with will depend on your investment goals. Financial literacy is the cognitive understanding of financial components and skills such as budgeting, investing, borrowing, taxation, and personal financial management. The absence of such skills is referred to as being financially illiterate.

Shariah Financial Planning (SFP) incorporates 5 main elements, namely: wealth creation, wealth accumulation, wealth protection, wealth purification and wealth distribution. It is a money tool for everyone, regardless of age, earnings, net worth, or financial dreams. SFP offers individuals a way to document their personal goals and corresponding financial goals. It can keep people on track to meet ongoing financial needs and major financial goals. When it comes to family, it is vital to plan strategically towards achieving a greater future. The earlier you start, the better chance you have of making your plans a reality.

Malaysia is at the forefront in the development of Islamic banking, Islamic capital market and takaful. It has a strong and comprehensive Islamic financial system with a robust business driven regulatory regime and legal framework. Today, Malaysia is one of the leading global hub for Islamic finance.