• The scholarship is an on-time award to eligible candidates; maximum amount is RM5,400 per candidate.
• The scholarship recipients are given 12 months to complete the required RFP/Shariah RFP modules. The required modules are as follows;
• RFP/Shariah RFP Module 1: Fundamentals of Financial Planning/Fundamentals of Shariah Financial Planning
• RFP/Shariah RFP Module 3 – Investment Planning /Shariah Investment Planning
• RFP/Shariah RFP Module 6 – Retirement Planning/Retirement Planning
• Certificate of Proficiency in Financial Planning (Construction of Financial Plan)
• The scholarship is awarded to eligible candidates upon passing all the modular examinations. Should candidates receive “non-pass” grade for any of the examination; candidates shall resit the examination; and pay for examination resit fees accordingly.
• Modular exemption is granted based on the MFPC exemption guidelines.
• Scholarship recipients will be bound with a Participating Company for 24 months.
• 8.3.2 Scholarship recipients under the programme shall complete CMSRL programme within 12 months after signing the explicate agreement with respective Participating Company;
• 8.3.3 Scholarship recipients shall undergo at least TWO (2) Days CPD Programme/Seminar organised by the MFPC within 24 months.
• 8.3.4 Adhere to company policies, procedures, and rules as an affiliate/employee to the Participating Company. Respect the confidentiality of the workplace, its clients and its employees;
• 8.3.5 Duly register as Member of the MFPC and remain active member for the entire scholarship programme/licensed with SC;
• 8.3.6 Scholarship recipients are required to complete the entire RFP/Shariah RFP programme in FIVE (5) years following the completion of the scholarship programme;
• 8.3.7 Scholarship recipients are required to pay a non-refundable Commitment Fee of RM250 to be enrolled into the scholarship programme; Entrance Fee and 1st year Student Membership fee are waived for scholarship recipients.

Applicant must meet all the below requirements

Selection criteria will be based by the following;

• Financial Need
• Academic Achievement; preferably with Affiliate RFP/Shariah RFP designation/ CGPA 3.00 and above
• Leadership
• Awards and Recognition
• Work Experience and History; added advantage with relevant work experience
• Community Involvement
• Not a declared insolvent
• The scholarships require recipients to be available to intern and/or practice in a CMSL company; have an agreement with the CMSL company to practice financial planning and advisory services for a minimum of 24 months; and be licensed as CMSRL upon meeting the licensing requirement set by SC including passing the professional programme RFP/Shariah RFP Module 1, 3, 6 and CPFP.
• 7.2. Scholarship recipient shall be active member of the MFPC; and attend relevant trainings and CPD programmes conducted by the MFPC and the CMSL Company.
• The Selection Committee may request the applicants to attend personal interview or to submit additional information for audit purposes and/or deem necessary.

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• Application is open effective 6 December 2016 to 31 December 2017.
• A non-refundable commitment fee; RM250 is required to be enrolled into the scholarship programme where the entrance fee and 1st year student membership fee will be waived.
• Eligible scholarship recipient is admitted as Student Member/Affiliate RFP/Shariah RFP accordingly with his/her qualification. First year Entrance Fee and Membership Fee are waived. Membership renewal is due on 1 Jan on the subsequent year and thereafter.
• MFPC Secretariat will issue an official notification to applicants who have been awarded the scholarship as approved by the Selection Committee.
• Applicants shall submit Scholarship Application Form together with supporting documents to :

The MFPC Scholarship Selection CommitteeMalaysian Financial Planning CouncilSuite 22.7, Menara One Mont Kiara (1MK)No 1 Jalan Kiara, 50480, Mont Kiara, Kuala Lumpur.

For further assistance and clarification; applicants can contact Mr. Addy or Vincent ChoongMFPC Secretariat, Education and Training Department at Tel: 03-6203 5899;Email: [email protected]