Understanding Shariah financial planning
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The concept of Islamic or Shariah financial planning is based on the incorporation of Shariah (Islamic law) rules and elements into the process of financial planning. Shariah rules and principles are positioned as the core of the application of financial planning, with Shariah rules and principles being observed and enforced throughout the process. Shariah financial planning may be defined as “a process of assisting clients in determining their financial goals and priorities and the resources to meet them optimally within the parameters of the Shariah.” Another definition is “the process of meeting life goals through the management of finances in accordance with the Shariah.”
Shariah , Islamic financial planning , Islamic finance
Lahsasna, Ahcene. (2010). Understanding Shariah financial planning. Financial 1st, (January 2010).
Malaysian Financial Planning Council