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Shariah Registered Financial Planner Free Practice Test

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MFPC lists seven Shariah RFP modules. The 2025 Module 7 revision requires a comprehensive-financial-plan project paper and 75 MCQs, replacing the older subjective examination. Separate module and project requirements apply; no single combined exam count, duration or pass mark is represented here.

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A client says any fixed amount in a financial contract must be prohibited interest. What is the most accurate planning response?

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Estate Liquidity: A Valuable Property Cannot Pay Every Bill

Distinguish net estate value from immediately available cash, and identify which ownership and settlement facts require verification.

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A wealthy estate with an immediate cash problem

Can an estate worth seven hundred forty thousand ringgit still struggle to pay eighty thousand? Consider a fictional Shariah estate planning case. The estate owns property valued at seven hundred thousand and has forty thousand in cash available for settlement. Verified debts and administration obligations total eighty thousand, all payable before the property can practically be sold. Assume the ownership and payment facts have already been checked. The issue is the difference between asset value and accessible money.

Calculate the net value on the stated facts

First calculate the estate's net value. Seven hundred thousand of property plus forty thousand of cash gives seven hundred forty thousand in assets. Subtract eighty thousand of verified obligations: the remaining value is six hundred sixty thousand ringgit. For this arithmetic, assume there are no other relevant adjustments. This is a simplified value calculation, not a ruling on legal priority or anyone's inheritance share. Actual settlement requires the relevant ownership, family, documentary and applicable legal facts.

Now calculate the immediate funding gap

Next compare the payments due with the cash actually available at the required time. Eighty thousand minus forty thousand leaves a forty thousand ringgit immediate funding gap. The property may eventually provide value, but that does not make its valuation spendable cash today. This gap does not, by itself, mean the estate has negative net worth. It means the timing of cash resources does not match the timing of obligations under the facts we have assumed.

Verify access before selecting an estate tool

A workable estate plan therefore needs more than a list of intended beneficiaries. Establish what the client owns, which assets form part of the estate, how and when funds become accessible, and what obligations need settlement. Discuss suitable funding and administration arrangements with qualified advisers where required. Do not assume that naming a nominee, writing a wasiat, or describing an intended gift as a hibah automatically supplies cash, completes a transfer, or cancels valid obligations.

Mini-check: same wealth, different liquidity

Change the asset mix. Suppose the estate instead has property worth six hundred seventy thousand ringgit and accessible cash of seventy thousand. Total assets remain seven hundred forty thousand, and obligations remain eighty thousand. What changes? The simplified remaining value stays six hundred sixty thousand. But the immediate cash gap falls to ten thousand ringgit. The estate is not richer on these figures; more of its existing value is accessible when payments are required. That distinction drives liquidity planning.

Use two calculations and verify the governing facts

Carry two separate calculations into the next case: net value after the stated obligations, and cash available when particular payments fall due. Then check the assumptions that determine ownership, access and lawful settlement. Inheritance entitlements need their own qualified analysis using complete family facts; a positive estate valuation does not establish those shares. The transferable planning rule is to connect each obligation to an accessible funding source and a realistic date, rather than rely on a headline property valuation.

In this lesson

  1. 1.A wealthy estate with an immediate cash problem
  2. 2.Calculate the net value on the stated facts
  3. 3.Now calculate the immediate funding gap
  4. 4.Verify access before selecting an estate tool
  5. 5.Mini-check: same wealth, different liquidity
  6. 6.Use two calculations and verify the governing facts

Aligned to the Official programme syllabus. Independent teaching with original examples; this focused lesson does not cover the entire syllabus.

Exam Syllabus

Core Shariah Registered Financial Planner topics

01

Fundamentals of Shariah Financial Planning

Client goals and Shariah principles

02

Risk Management & Takaful Planning

Protection needs and takaful arrangements

03

Shariah Investment Planning

Compliant investment selection and portfolios

04

Zakat & Tax Planning

Zakat obligations and tax-aware cash flow

05

Shariah Estate Planning

Estate settlement and Shariah wealth transfers

06

Retirement Planning

Retirement goals and Shariah-compliant funding

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This is a qualification-wide revision bundle mapped to the 7 modules listed by the provider. It is not a separate official combined exam.

What is the examination format?

MFPC lists seven Shariah RFP modules. The 2025 Module 7 revision requires a comprehensive-financial-plan project paper and 75 MCQs, replacing the older subjective examination. Separate module and project requirements apply; no single combined exam count, duration or pass mark is represented here.

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Does passing the qualification automatically authorise financial advice?

No. A professional qualification does not itself grant a regulatory licence. The relevant regulator and firm must assess any applicable authorisation, representative registration and ongoing requirements.

Are the tax and zakat figures current statutory rates?

Calculation questions state their own hypothetical assumptions. They are practice inputs, not tax or zakat advice; verify the assessment year, relevant state authority, asset basis and current rules for real cases.

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