IFCCI Open Day Launches Diploma in Financial Market Analysis to Strengthen Financial Literacy
Released on: Friday, 29 Aug 2025 4:57PM
The International Financial Consultant Certified Institute (IFCCI) held an Education Open Day at its headquarters in Petaling Jaya, where the venue was packed and the atmosphere was vibrant.
PETALING JAYA, Aug 29 (Bernama) -- With financial scams causing losses of more than RM8 billion in just the first four months of 2025, the urgent need for financial education in Malaysia has never been clearer. In response to this alarming trend, the International Financial Consultant Certified Institute (IFCCI) held its Education Open Day at its Uptown 1 headquarters in Petaling Jaya, unveiling its new Diploma in Financial Market Analysis (DFMA). The programme is designed to raise financial literacy and build Malaysia’s first line of defence against scams through structured and professional education.
According to Bank Negara Malaysia, while 92 per cent of Malaysians have a savings habit, only 38 per cent understand how interest rates work, and nearly one-third of adults admit they lack confidence in their own financial knowledge. This gap has made the public more vulnerable to fraudulent schemes. The Communications and Multimedia Commission (MCMC) also revealed that between January and April this year alone, financial scams caused losses exceeding RM8 billion, with more than 32,000 illegal online contents removed in the same period.
IFCCI, a non-profit institution registered with the Registrar of Societies (ROS) and recognised by the Ministry of Home Affairs (KDN), focuses on education, research, and certification. It is also an accredited assessment centre under the Department of Skills Development (JPK) for Financial Planner (PPA-PPT), with its DFMA diploma aligned to the National Occupational Skills Standard (NOSS) and recognised by the European Education Board (EEB).
At the event, IFCCI President Prof. Dato’ Dr. Kingston Chang stressed the importance of education as a safeguard in today’s digital financial environment.
“Today, Malaysians only need a smartphone to access global investment opportunities. But without education and risk awareness, opportunities can easily turn into traps. Our mission is not to push investments but to provide the education, research and certification needed to distinguish opportunities from scams and protect wealth,” he said.
More than 100 Certified Financial Trader (CFT) candidates, financial enthusiasts, and trainers attended the Open Day, reflecting the growing concern in society over financial literacy and the fight against scams. IFCCI said the DFMA diploma is only the beginning. The institute plans to introduce more specialised programmes in areas such as blockchain applications in finance, real estate investment, credit and lending management, insurance and risk planning, and trust and wealth succession planning.
“Education is the strongest weapon against scams, and knowledge must be the foundation of public trust,” Prof. Chang added.
Source: International Financial Consultant Certified Institute (IFCCI)
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--BERNAMA