Malaysian Financial Planning Council

What Malaysian Financial Planning Council does

Malaysian Financial Planning Council (MFPC) is an independent, non-profit professional certification and education body established in 2004 and headquartered in Kuala Lumpur, recognized by Bank Negara Malaysia (BNM) and the Securities Commission (SC) as a designated credentialing organization for financial planners operating in Malaysia. It serves individual financial advisers, insurance and takaful agents, Islamic finance practitioners, unit trust consultants, corporate HR and training departments, university students, and the general public. Its core deliverables are a portfolio of industry-recognized designations — Registered Financial Planner (RFP), Shariah RFP, Financial Adviser Representative (FAR), Certified Mortgage and Shariah Lease (CMSL), and PITA — together with mandatory continuing professional development (CPD), annual industry conferences (e.g., the 13th International Shariah Wealth Management Conference), and HRD Corp-claimable corporate training delivered through PCMT/CMT-certified trainers across five state chapters (Penang, Sarawak, Johor, Sabah, East Coast).

MFPC's technology surface consists of the 1st MFPC Portal (membership and event management), an eLearning platform, the JWMFP academic journal, the Financial 1st magazine, and a set of consumer-facing tools integrated into the member ecosystem — Financial Navigator, Financial Analysis Report, eWill by VKA, and the easycover.my insurance superapp. None of these are described as proprietary AI-native products; they are curated partner-built tools layered onto a member-facing platform rather than internally developed technology stacks.

The business model combines recurring membership subscription fees, one-time certification programme fees, CPD event registration income, and corporate training (claimable under HRD Corp). Programme pricing is published in the RM 80 to RM 1,750 range for individuals, with corporate and HRD Corp-claimable training extending to RM 8,000 per programme, and member rates typically priced 30-50% below public rates. Distribution is multi-channel: direct self-serve through the member portal, in-person workshops at partner venues, university collaborations underpinning the Master in Financial Planning, and B2B corporate training delivered via certified trainers and partner industry bodies (FIMM, LIAM, MTA, AFA).

Name

Malaysian Financial Planning Council

Legal name

Malaysian Financial Planning Council

Website

https://mfpc.org.my

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Malaysian Financial Planning Council is an independent, non-profit professional certification body for financial planners, offering regulator-recognized designations (RFP, Shariah RFP, FAR, CMSL, PITA) and continuing professional development to advisers, insurance agents, Islamic finance professionals, and corporate clients across Malaysia.

Ownership category

akta.pro rank

Product category

Professional Certification and Financial Planning Education

SIC

Services-Educational Services (8200)

akta.pro primary industry

Finance, Accounting & Risk (CFA/CPA/FRM) Certifications (EDAAANAD)

akta.pro secondary industries

Financial Services & Insurance (FINRA, CFP, IAR, Insurance CE) (EDAAALAJ), Management Accounting & FP&A (EDABAJAC)

Keywords

• Professional certification
• Financial planning education
• Continuing professional development
• Shariah financial planning
• Corporate training programs

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Membership Fees: MFPC generates recurring revenue through annual membership fees from individual and corporate members, including Fellow (F-MFPC), Associate, and other membership tiers. The membership supports access to certification programmes, CPD events, and member privileges.
2. Professional Certification Programmes: Revenue from certification programmes including Registered Financial Planner (RFP), Shariah RFP, FAR Programme, CMSL Programme, Certificate of Proficiency in Financial Planning, and PITA (Professionalism of Insurance and Takaful Agents) Programme. These include capstone programmes, modular exemptions, and examination fees.
3. CPD Programmes and Events: Continuing Professional Development (CPD) programmes including webinars, workshops, and seminars generate event registration fees. CPD programmes are offered both online and in-person, with varying accreditation from MFPC, FIMM, LIAM, and other bodies.
4. HRD Corp Claimable Training: Corporate training programmes that are claimable under HRD Corp (Human Resource Development Fund). Includes Financial Management, Fundamentals of Financial Planning, Investment Planning, Estate Planning, Retirement Planning, and Building Sales Excellence programmes.
5. HRD Corp Claimable Training: Corporate training programmes that are claimable under HRD Corp (Human Resource Development Fund). Includes Financial Management, Fundamentals of Financial Planning, Investment Planning, Estate Planning, Retirement Planning, and Building Sales Excellence programmes.
6. Master in Financial Planning: Postgraduate programme offered in collaboration with universities for advanced financial planning education.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels9 records

Core offering

MFPC is a nonprofit professional membership body that issues recognized financial planning certifications, delivers continuing professional development (CPD) events and webinars, and runs HRD Corp-claimable corporate training programmes. Its flagship offerings are the Registered Financial Planner (RFP) and Shariah Registered Financial Planner (Shariah RFP) designations, which serve as pathways to financial adviser licensing under Bank Negara Malaysia and the Securities Commission. Membership, certification examinations, conferences, and digital tools (Financial Navigator, Financial Analysis Report) are monetized through fees and sponsorships.

Product overview

MFPC operates as a professional certification and education body for financial planners in Malaysia. The organization offers a portfolio of professional certification programs including Registered Financial Planner (RFP), Shariah Registered Financial Planner (Shariah RFP), Financial Adviser (FAR) Programme, CMSL Programme, and The Professionalism of Insurance and Takaful Agents (PITA) Programme. Supporting its certification offerings, MFPC provides digital platforms including the 1st MFPC Portal for member management and MFPC eLearning for online education delivery. The organization also delivers continuing professional development through CPD programmes, webinars, workshops, and annual conferences including the International Shariah Wealth Management Conference and Virtual Industry Ethics Forum. Additional offerings include financial planning tools (budget calculator, net worth calculator, financial navigator), publications (Financial 1st Magazine, Journal of Wealth Management & Financial Planning), and resources for digital will writing and insurance comparison.

Differentiator

Problem solved

Functional benefit

Products and services

• Registered Financial Planner (RFP) Certification Programme Core professional certification programme for financial planners in Malaysia, including capstone programme and modular exemption options, recognized by Bank Negara Malaysia and the Securities Commission as a pathway to financial adviser licensing.
• Shariah Registered Financial Planner (Shariah RFP) Certification Programme Shariah-compliant financial planning certification covering Islamic finance principles and wealth management, with the Capstone Programme delivered at Sasana Kijang, Bank Negara Malaysia. Provides a pathway to the IFAR licence.
• Financial Adviser (FAR) Programme Certification programme for financial advisers operating under the Bank Negara Malaysia framework, providing structured education for licensed financial adviser representatives.
• CMSL Programme Licensed financial planner certification under the CMSRL (Capital Market Services Representative's Licence) framework for capital market professionals.
• Professionalism of Insurance and Takaful Agents (PITA) Programme Professional certification programme for insurance and takaful agents, including bootcamp schedules and examination options delivered in Bahasa Malaysia for industry compliance and career progression.
• Certificate of Proficiency in Financial Planning Foundational certificate programme covering core financial planning concepts, suitable as an entry-level qualification for aspiring financial planners.
• Financial Literacy Programme My Money & Me Financial literacy education programme for the general public covering budgeting, saving, and basic financial planning concepts, with a companion guide 'Financial Planning & You'.
• MFPC CPD Programmes Continuing Professional Development programmes including webinars, workshops, and seminars covering estate planning, retirement planning, investment planning, behavioural finance, family office topics, and Shariah wealth management, awarded with MFPC CPD credits and joint accreditation from LIAM, FIMM, and MTA.
• HRD Corp-Claimable Corporate Training Programmes Corporate training programmes claimable under the Human Resource Development Fund, including Financial Management (RM8,000), Fundamentals of Financial Planning, Fundamentals of Retirement Planning (RM630-700), Investment Planning, Estate Planning, and Building Sales Excellence Through Coaching, delivered to banks, insurers, and corporate clients.
• International Shariah Wealth Management & Financial Planning Conference Annual flagship conference covering Shariah-compliant wealth management and financial planning topics, held in hybrid format at venues such as Berjaya Times Square Hotel, Kuala Lumpur. The 13th edition is scheduled for 2026.
• Virtual Industry: Professionalism & Ethics Forum Annual virtual forum addressing industry professionalism and ethics in financial services, with the 2026 edition themed 'Ethics in the Age of Digital Trust', offering MFPC CPD credits.
• Wealth At Work Series (WAWS) Event series focusing on workplace wealth management and financial wellness topics for HR professionals, employers, and employee benefit planners.
• Financial Navigator Tool Online tool hosted on the MFPC website to guide users through financial planning decisions and pathways, providing structured resource navigation.
• Financial Analysis Report Tool Report generation tool for comprehensive personal financial health analysis, available to MFPC members and website visitors.
• eWill by VKA Digital Will Writing Digital will writing service offered through a partnership with VKA Wealth Planners, enabling MFPC website visitors to create wills online for estate planning purposes.
• Financial 1st Magazine Official MFPC publication providing academic and practice guidance for the financial services industry, published quarterly and distributed to members.
• Journal of Wealth Management & Financial Planning (JWMFP) Academic and practice journal covering wealth management and financial planning topics, published at jwmfp.mfpc.org.my for industry practitioners and researchers.
• MFPC Individual and Corporate Membership Annual membership programme with Fellow (F-MFPC), Associate, and Corporate tiers, providing members access to certification programmes, CPD events, member privileges, and the Code of Ethics framework.

Quantifiable outcome

• MFPC has conducted 22 Annual General Meetings as of 2026, reflecting over two decades of continuous operation as Malaysia's premier financial planning professional body.
• +1 more outcomes

Named customers25 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

18 partnerships are on record, tiered core and minor.

• BinaPavocoreStrategic or Co-development Partner · 1 January 2026MFPC collaborates with BinaPavo to deliver the Professional Certificate for Family Business Advisors – Level 1 programme. The programme equips financial advisers with skills to guide high-net-worth families through succession, governance, and generational wealth challenges. The collaboration brings together MFPC's professional certification framework with BinaPavo's family business advisory expertise. Programme fee is RM1,750 per participant (HRDC claimable), with 7 MFPC CPD Points awarded.
• UNESCO Entrepreneurship Education Network (EE-Net) Malaysia ChapterminorStrategic or Co-development Partner · 1 January 2026MFPC partners with the National Chapters of UNESCO Entrepreneurship Education Network (EE-Net) Malaysia to deliver the 'Empowering Entrepreneurs: Financial Planning for Entrepreneurship Webinar Series'. Webinar participants gain membership in the MFPC UNESCO EE Net Malaysian Chapter upon registration. This initiative extends MFPC's reach into the entrepreneurship education ecosystem.
• Bank Negara MalaysiacoreStrategic or Co-development Partner · 1 January 2026Bank Negara Malaysia provides venue (Sasana Kijang) for the MFPC Shariah RFP Capstone Programme and Mega FAR/iFAR examination sessions. This venue partnership enables MFPC to deliver its Shariah-compliant financial planning certification in a regulated environment aligned with central bank standards. Entry requirements include Licensed FAR and AFA membership.
• HRD Corp (Human Resource Development Corporation)coreStrategic or Co-development Partner · 1 January 2026HRD Corp is the regulatory body that enables MFPC's corporate training programmes to be claimable under the Human Resource Development Fund. MFPC delivers multiple HRD Corp-claimable programmes including Financial Management (RM8,000), Fundamentals of Financial Planning, Fundamentals of Retirement Planning (RM630-700), Investment Planning, Estate Planning, and Building Sales Excellence Through Coaching. This partnership is essential for MFPC's enterprise client acquisition.
• Kenanga Investment Bank BerhadminorGTM or Marketing Partner · 1 January 2026Kenanga Investment Bank Berhad is featured as a sponsor/collaborator on MFPC's website banner, indicating a marketing partnership for event co-promotion and mutual brand visibility in the financial services community.
• ASEAN Finance Innovation Summit (AFIS) 2026minorGTM or Marketing Partner · 1 January 2026MFPC promotes and supports the 4th ASEAN Finance Innovation Summit 2026 at Pullman Hotel Kuala Lumpur (27–28 January 2026). The summit expects 600+ senior finance leaders and 35+ speakers. MFPC membership provides access to this high-profile regional event with 10% savings and HRDF claimability.
• PhillipCapitalminorGTM or Marketing Partner · 1 January 2026MFPC co-hosted the 16th PhillipCapital Investment Conference (PIC2026) on 4 July 2026 at Berjaya Times Square Hotel, Kuala Lumpur. This event collaboration extends MFPC's visibility among investment professionals and retail investors.
• 4th ASEAN Finance Innovation Summit 2026 (CT Events Asia)minorChannel Partner/ Reseller/ Distributor · 1 January 2026CT Events Asia organizes the 4th ASEAN Finance Innovation Summit 2026, which MFPC promotes to its member base. MFPC members receive a 10% discount on registration fees. Event details: 27–28 January 2026, Pullman Hotel Kuala Lumpur. Contact: [email protected].
• Malaysian Insurance Institute (MII)coreChannel Partner/ Reseller/ Distributor · 1 January 2026Malaysian Insurance Institute (MII) serves as the examination provider for MFPC's certification programmes, operating computer-based examination (CBE) centres. MII CBE centres handle RFP, Shariah RFP, and related programme examinations in Kuala Lumpur and Klang Valley. Note: MII CBE centres outside Klang Valley were closed in 2024.
• Agensi Kaunseling & Pengurusan Kredit (AKPK)minorStrategic or Co-development Partner · 1 January 2026MFPC links to AKPK's Budget Calculator and Net Worth Calculator through its Tools & Resources section, providing free consumer financial planning tools to website visitors. AKPK is Bank Negara Malaysia's credit counselling agency.
• Association of Financial Advisers (AFA)coreChannel Partner/ Reseller/ Distributor · 1 January 2026AFA (Association of Financial Advisers) is an entry requirement partner for MFPC's Shariah RFP and iFAR programmes. Financial advisers must be AFA members to enroll in certain MFPC certification pathways. This gatekeeping role makes AFA a critical channel partner for MFPC's professional certification business.
• Federation of Investment Managers Malaysia (FIMM)coreChannel Partner/ Reseller/ Distributor · 1 January 2026FIMM provides joint CPD accreditation for MFPC webinar and workshop programmes. MFPC events such as estate planning, retirement readiness, and family trust webinars are co-accredited by FIMM alongside MFPC, extending CPD recognition across Malaysia's fund management and unit trust industry.
• Life Insurance Association of Malaysia (LIAM)coreChannel Partner/ Reseller/ Distributor · 1 January 2026LIAM provides joint CPD accreditation for MFPC CPD programmes, particularly webinars on estate planning, retirement readiness, and related topics. This partnership extends MFPC's CPD recognition across Malaysia's life insurance sector.
• Malaysian Takaful Association (MTA)coreChannel Partner/ Reseller/ Distributor · 1 January 2026MTA provides joint CPD accreditation for MFPC's Professionalism & Ethics Forum and other takaful-relevant CPD events. This partnership ensures MFPC's ethics and professionalism training is recognized by the takaful industry body.
• iMoney MalaysiaminorGTM or Marketing Partner · 1 January 2026MFPC hosts sponsored financial literacy content from iMoney Malaysia on its website, including articles on millennial financial habits, investment strategies, retirement planning, and debt management. This content partnership provides educational value to MFPC visitors while extending iMoney's reach.
• Securities Commission Malaysia (InvestSmart Initiative)minorStrategic or Co-development Partner · 1 January 2026MFPC hosts Securities Commission Malaysia's InvestSmart initiative content, including sponsored articles on Special Purpose Acquisition Companies (SPACs). This partnership supports MFPC's investor education mission and positions MFPC as a trusted voice in financial literacy.
• Experian / MyCreditInfominorGTM or Marketing Partner · 1 January 2025MFPC collaborates with Experian/MyCreditInfo for financial wellness initiatives, promoting credit information and financial health tools to MFPC members and website visitors as part of the FLM2025 (Financial Literacy Month 2025) campaign.
• Capital Market Development Fund (CMDF)coreStrategic or Co-development Partner · 1 January 2025CMDF Project 2023-2025 supports MFPC initiatives including the Financial Planning Internship Programme (FPIP) providing industry placement opportunities for students, and the CMSRL Scholarship for the Capstone Programme. This partnership enhances MFPC's talent pipeline and education quality.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• CFA Institute: Global professional body offering the Chartered Financial Analyst designation, with memberships, CPD, and publications. Comparable structure and revenue model (memberships, certifications, publications, events), serving an adjacent investment professional audience that overlaps with MFPC's wealth management community.
• Financial Planning Association (FPA): US-based membership association for financial planners, offering education, advocacy, and community. Comparable to MFPC's role as a professional community body for financial planners, with overlapping value proposition of credentials, education, and member engagement.
• CFP Board (US): US-based professional body issuing the Certified Financial Planner credential. Comparable in mission and business model (non-profit certification body for financial planners), though operating in a different geography with broader international reach and larger scale.
• Financial Planning Standards Board (FPSB): FPSB owns the global Certified Financial Planner (CFP) marks and sets international standards for financial planning. Comparable as a professional standards body; potential threat if CFP marks are formally adopted in Malaysia, but currently a global umbrella rather than a direct domestic competitor.

Direct peers

• Asian Institute of Chartered Bankers (AICB): AICB is the professional body for Malaysia's banking industry, offering the Chartered Banker qualification, certification programs, and CPD. Comparable to MFPC in scale, structure (non-profit member organization), and certification/CPD revenue model targeting the same banking enterprise customers.
• Securities Industry Development Corporation (SIDC): SIDC is the training and development arm of the Securities Commission Malaysia, providing capital market certifications and CPD programs. Comparable to MFPC's CMSL and FAR certifications, and serves the same capital markets intermediary customers.
• Malaysian Insurance Institute (MII): MII is the dedicated training and certification body for Malaysia's insurance industry and operates MFPC's CBE examination centers. Highly comparable: offers insurance certifications, CPD programs, and serves overlapping enterprise customers in the insurance and takaful sectors.
• IBFIM (Islamic Banking and Finance Institute Malaysia): Malaysia's leading professional certification body for Islamic finance, offering Shariah-related credentials and CPD programs to bankers and takaful professionals. Directly comparable to MFPC's Shariah RFP offering and overlapping in target customers (Bank Islam, takaful operators).

Emerging players

• INCEIF University: Malaysian university dedicated to Islamic finance education, offering postgraduate degrees and professional certifications. Comparable to MFPC's Shariah-focused offerings and overlaps in target audience, though it competes more in academic degree programs than practitioner credentials.

Others

• HRD Corp (Human Resource Development Corporation): Malaysian government agency administering the Human Resource Development Fund. Not a direct competitor but a critical enabler and ecosystem partner that makes MFPC's corporate training claimable; also a regulator of training providers in Malaysia's market.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mfpc_tweet
• YouTubeyoutube.com/channel/UCI70AYsrObDBcrl3b516LwQ
• Facebookfacebook.com/MFPCSecretariat
• Instagraminstagram.com/mfpc.official
• TikToktiktok.com/@mfpcofficial
• LinkedInlinkedin.com/company/malaysian-financial-planning-council

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Malaysian Financial Planning Council