FACULTY OF BUSINESS AND MANAGEMENT

BACHELOR OF BUSINESS ADMINISTRATION HONS. ISLAMIC BANKING

(BA249)

ISLAMIC FINANCIAL PLANNING (ISB535)

INDIVIDUAL SCRAP BOOK

“ME IN THE FUTURE”

PREPARED BY:

SITI NUR AISYAH BINTI MD ROSTAN

MATRIC NO:

2022736173

PREPARED FOR:

DR. MOHD RAHIM BIN KHAMIS

SUBMISSION DATE: WEEK 14

SEMESTER 3 (2022/2023)
 ACTKNOWLEDGEMENT

Before begin, I want to express my gratitude to the One who made all things
possible. Anyone who has struggled with completing a financial planning understands
that it is impossible to accomplish without reference from family. First and foremost, I
am grateful to University Technology Mara (UiTM) for giving me the opportunity to
continue my education here. It was a wonderful learning experience, and I learned a
lot while studying here.

To begin, I would like to express my heartfelt appreciation and gratitude to Dr.

Mohd Rahim Bin Khamis, our lecturer of Islamic Financial Planning (ISB535), for
sharing his wealth of knowledge, useful guidance, and experience with us. Without his
assistance, I may not be able to face and address the problems that encounter along
the process till I complete this report.

Aside from that, I want to express my heartfelt gratitude and special thanks to
everyone who has directly or indirectly assisted me in producing this project report. I
would like to offer my heartfelt gratitude to my loving parents, family for their
unwavering support. Also, I want to express my heartfelt gratitude to the students at
UiTM Puncak Alam for their care for us to accomplish my task. Finally, I would like to
express my heartfelt thanks to the UiTM Puncak Alam librarian for invaluable
resources and knowledge that have greatly aided me in successfully completing this
research.

I’m aware that without everyone’s cooperation and tolerance, I will be unable to
complete duty correctly. My gratitude and appreciation also go to all my cherished
family members, who provided with moral support while completed the assignment. I
would not have gotten this far without them. To conclude, I would like to offer my
apologies for any errors or omissions in carrying out this duty, and hope that the
experience and knowledge obtained while working on this report will be useful in the
future.
 TABLE OF CONTENT

1.0 MY IMAGINARY FAMILY BIODATA....................................................................1

2.0 MY IMAGINARY FINANCIAL INFORMATION..................................................2-3
2.1 ONE-MONTH INCOME STATEMENT........................................................4
2.2 ONE YEAR-END INCOME STATEMENT..................................................5
2.3 BALANCE SHEET......................................................................................6
2.4 FURTHER EDUCATION PLANS................................................................7
1.0 MY IMAGINARY FAMILY BIODATA
My name is Siti Nur Aisyah, 32 years old and my husband’s name is
Muhammad Syahir Zakwan, also 32 years old. We’ve been married for 5 years. I work
as a lecturer at one of private
university in Malaysia which is in
Taylor University and my husband
work as software developer at
Awfatech Global Sdn Bhd.
Approximately my net salary is
about RM 8,500 monthly while my
husband’s net salary is RM 10,000
monthly. Currently, we live in a double storey landed house at Casa View Cybersouth,
Cyberjaya. We also have one child now which is Muhammad Syahreza, 2 years old.
Since both of us is working, so we send our child to a babysitter that also live in our
home area.
For a short-term financial plan, my husband will hire someone to clean our small
landscape around the house every month. He also will hire a maid every month to
clean our house whenever I’m
too busy to handle it. As we both
is ambitious in our job, we
manage to have Honda Civic as
our first car and Perodua Myvi
as our second car. Sometimes, I
will drive by myself to go to my
workplace in Subang. However,
most of the time my husband is
willing to send me to my
workplace because our workplace is close to each other. Both of us have savings in
CIMB Bank. We both also paid for Takaful insurance for our family coverage during
hardship, utility bills, and other monthly expenses as well. For our house, we still have
loan balance to be paid every month for ten years. For our car loan balance, the first
car still has loan balance for 4 years while the second car still has loan balanced for 5
years. We plan to settle all the debt according to the stipulated period to avoid default

1
payment. My husband pays for our car maintenance twice a year to prevent bigger
issue from occurring and not putting our family at risk.
In addition, as for our non-monetary goals, every year we will plan a holiday trip
to spend time with each other and also with our beloved son. We will plan a short trip
to go holiday in Malaysia or outside Malaysia depending on our budget during that
year. We always have
dreams to go to
Switzerland where the
world’s most photographed
mountain. Since our son is
already 2 years old, it is a
perfect time to bring him to
travel outside the country.
Since we also make a savings in a Tabung Haji, we already planned to performed Hajj
along with our children when he grows up in about 10 to 15 years. We also planned to
have second child in another two years. Thus, as a parents, I will ensure that my
daughter would have a bright future. So, I told my husband to do saving for our child
education with ASB 3 Didik.
As for our long-term financial plan, for our retirement planning, we plan to not
withdraw our EPF money for unnecessary reason except in the state of emergency.
We also have savings in Tabung Haji and my husband invests in Bursa Saham
Malaysia. Therefore, we will try to plan our financial planning properly and manage our
resources to its most efficient state. This is to ensure that we have enough resources
to pay all the debts and expenses as well as to generate more savings for the future.

2
2.0 MY IMAGINARY FINANCIAL INFORMATION

Type of house: Double Storey Terrace

House
Purchased price: RM 629,000
Down payment: RM 149,000
Loan balance: RM 480,000
Monthly instalment: RM 2,800
Bank: Maybank
Reason: Located close to Cyberjaya and
Putrajaya

Type of car: Honda City (2022)

Purchase price: RM 77,600
Down payment: 20,000
Loan balance: 57,600
Monthly instalment: RM 1,200
Bank: Maybank
Maintenance: RM 900 (Semi-annually)
Reason: As first car for travel and drive for long
distances.

Type of car: Perodua Myvi

Purchase price: RM 50,000
Down payment: RM 20,000
Loan balance: 30,000
Monthly instalment: RM 500
Bank: CIMB Bank
Maintenance: RM 500 (Semi-annually)
Reason: As our second car and suitable to drive
in a short distance

3
2.1 ONE-MONTH INCOME STATEMENT

Mr. Syahir and Mrs. Aisyah

Cash Flow Statement for January 2033
INCOME: RM
10,000

Aisyah’s- Net Salary 8,500

Total income 18,500
EXPENSES:
Double-Storey Terrace House monthly instalment 2,800
Honda City monthly instalment 1,200
Perodua Myvi monthly instalment 500
Meals 3,000
Zakat 200
Utilities 2,500
Takaful insurance 300
Babysitter 700
Maid 200
Landscape cleaner 150
Car maintenance 1400
TnG Reload 100
Total expenses 13,050
SURPLUS 5,450

4
2.2 ONE YEAR-END INCOME STATEMENT

Mr. Syahir and Mrs. Aisyah

Cash Flow Statement for The Year Ended 31st December 2033
INCOME: Working RM
Syahir’s- Net Salary 10,000X12 120,000
Aisyah’s- Net Salary 8,500X12 102,000
Total income 222,000
EXPENSES:
Double-Storey Terrace House monthly instalment 2,800X12 33,600
Honda City monthly instalment 1,200X12 14,400
Perodua Myvi monthly instalment 500X12 6,000
Meals 3,000X12 36,000
Zakat - 200
Utilities 2500X12 30,000
Takaful insurance 300X12 3,600
Babysitter 700X12 8,400
Maid 200X12 2,400
Landscape cleaner 150X12 1,800
Car maintenance Semi-annually 1,400X2 2,800
TnG Reload 100X12 1,200
Total expenses 140,400
SURPLUS 81,600

5
2.3 BALANCE SHEET

Balance Sheet for Mr. Syahir and Mrs. Aisyah

As at 31st December 2033
ASSET: RM LIABILITIES: RM
LIQUID NON-CURRENT
Cash in hand 900 LIABILITIES
Saving at CIMB Bank 20,000 2-Storey Terrace loan
20,900 balance 480,000
LIFESTYLE Honda City loan balance 57,600
2-Storey Terrace 629,000 Perodua Myvi loan
Honda City (2022) 77,600 balance 30,000
Perodua Myvi 50,000 Total Liabilities 567,600
Jewellery 7,000 NET WORTH 303,400
763,600

INVESTMENT
Bursa Saham Malaysia 10,000
EPF contributions 48,000
ASB 3 Didik 5,000
Takaful 3,600
Tabung Haji 20,000
86,600

Total Asset 871,000 Total Liabilities 871,000

& Net Worth

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2.4 FURTHER EDUCATION PLANS

Since I am graduated in Master of Islamic Banking and Finance (MBIF) at

University Technology Mara, I have a dreams to further my studies at PhD level. My
further education plans are to continue my studies at PhD level in Islamic Finance and
Muamalat in UiTM Shah Alam. The duration of the studies is between 2-4 years. I will
be a part-time student because currently I’m working as a lecturer in private university.
Approximately the tuition fees per semester is RM 4,025 which I think is very affordable
to me. The reason I want to pursue my study because it is my dream since I was 19
years old and I want to seek for more knowledge in finance. The more I learn, the more
I realize how much I do not know about certain things. That is also the reason why I
always want to push myself to learn more.