Professional Award in Financial Advice Programme – Level 8 (FAP I and FAP II)
Professional Award in Financial Advice Programme (FAP 1) – Level 8
The Professional Award in Financial Advice Programme has earned the prestigious approval of the National Qualification Framework, designating it as a Level 8 qualification. This recognition by the NQF in Bahrain elevates the program’s credibility, signifying that its resources and assessments have met the rigorous standards demanded for a Level 8 qualification on a global scale.
Under the patronage of H.E. Mr. Khalid Humaidan, Governor of the Central Bank of Bahrain, the Bahrain Institute of Banking and Finance (BIBF) is offering this qualification for entry level financial advisers and aspirants, based on the requirements set out in the CBB Rulebook.
Levels and Credits:
NQF Level 8
NQF Credit 12
Financial Advice Programme (FAP) is a mandatory qualification endorsed by the CBB for all entry level professionals in the area of financial advice or those who are aspiring to become financial advising professionals in the Kingdom of Bahrain. Successful participants will be equipped with the basic knowledge and skills required of a financial adviser entering the profession.
FAP provides essential knowledge in the fundamentals of investment products, client-adviser relations, adviser responsibilities, ethics, applicable laws and regulations, and elements of conventional and Islamic banking. This programme, the first of its kind in the MENA region, is designed to include local and international regulations, cases and examples.
| DURATION | MODULE |
|---|---|
| 5 days | Module 1: Financial Services Environment and Regulation |
| 2 hours | Assessment: 2-hour examination consisting of 60 multiple choice questions on all topics in Module 1 |
| 5 days | Module 2: Banking and Investment Firms |
| 2 hours | Assessment: 2-hour examination consisting of 60 multiple choice questions on all topics in Module 2 |
Full Programme Fee (Excl):
BD 500.000
TAX (10%):
BD 50.000
Full Programme Fee (Incl):
BD 550.000
(To be paid in full before the commencement of the programme)
Who is it for?
- Those who have recently entered the profession of financial advising (three or less years of relevant work experience)
- Those who are aspiring to enter the profession of financial advising
Why FAP I?
- Provides participants with the basic knowledge and skills required of a financial adviser entering the profession
- Enables participants to boost their qualifications in the job market
- Is administered in two modules, each lasting 5 days and assessed with a two-hour examination
- Participants will have access to a programme tutor for guidance
- Successful candidates will be awarded the Financial Advice Certification
What are the Admission Requirements?
Professional Award in Financial Advice Programme is divided and offered in two levels and each level comprises two modules. The admission requirements for the programme is as below:
- A Bachelor’s degree in relevant field from a recognized university. If the mode of instruction of the candidates’ bachelors not in English, then they need to satisfy their Proficiency in English Language at least equivalent to BIBF’s Business English Programme (BEP) Level 4
The Financial Advice Programme (FAP) – II is a sequel to Financial Advice Programme (FAP) – I which was developed as a new qualification by BIBF in collaboration with the Central Bank of Bahrain (CBB) to offer advanced level training to financial advisors and aspirants, based on the requirements set out in the CBB Rulebook.
FAP – II is for professionals who have completed FAP – I and have a minimum of three year’s experience in the financial services sector. FAP – II is a mandatory qualification endorsed by the CBB. Part I covers macroeconomics, valuation techniques, and risk and portfolio allocation.
Part II covers insurance products, estate planning, taxation, regulations in Bahrain regarding investment advice, ethics for financial advisors, etc. The course manual is substantiated with relevant examples and case studies to help the participants. FAP – II is a blend of different topics including Bahrain’s financial sector, organization requirements and local regulations.
| DURATION | MODULE |
|---|---|
| 5 days | Module 1: Macroeconomics, Valuation Techniques, Risk and Portfolio Allocation |
| 2 hours | Assessment: 2-hour examination consisting of 25 multiple choice questions and case study on all topics in Part 1 |
| 5 days | Module 2: Regulation, Policies, Planning and Governance |
| 2 hours | Assessment: 2-hour examination consisting of 25 multiple choice questions and case study on all topics in Part 2 |
Full Programme Fee (Excl):
BD 650.000
TAX (10%):
BD 65.000
Full Programme Fee (Incl):
BD 715.000
(To be paid in full before the commencement of the programme)
Who is it for?
- Those who are in the profession of financial advice and possess a minimum of three years of work experience
- Those who are seeking advanced-level training in the area of financial advisory
Why FAP II?
- Provides participants with the knowledge and skills required for a financial advisor to construct client portfolios
- Enables participants to boost their qualifications in the job market
- Is administered in two parts, each lasting 5 days and assessed with a two-hour examination at the end of each part
- Participants will have access to a programme tutor for guidance
- Successful candidates will be awarded the Financial Advice Certification level II
What are the Admission Requirements?
Professional Award in Financial Advice Programme is divided and offered in two levels and each level comprises two modules. The admission requirements for the programme is as below:
- A Bachelor’s degree in relevant field from a recognized university. If the mode of instruction of the candidates’ bachelors not in English, then they need to satisfy their Proficiency in English Language at least equivalent to BIBF’s Business English Programme (BEP) Level 4
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