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B A M B A N G T U T U K O
T H E A R T S A N D S C I E N C E O F S H A R I A F I N A N C I A L P L A N N I N G
“NOW IS THE TIME”
J A K A R T A D E S I G N C E N T R E2 7 J U L Y 2 0 1 8
Tauhidic Financial Planning
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Born in Surabaya, June 1975, Married, 3 children
Doctoral candidate in Islamic Economics, SekolahPascasarjana, Airlangga University
S-2 Magister Manajemen in Derivative Finance, AirlanggaUniversity
S-1 degree in Marketing, Airlangga University Certified Financial Planner®, Financial Planning
Standards Board Indonesia Qualified Wealth Planner®, Financial Planning
Standards Board Indonesia Wakil Pialang Berjangka, Badan Pengawas Perdagangan
Berjangka Komoditi Wakil Perantara Pedagang Efek, Bursa Efek Indonesia
Univ. Internasional Semen Indonesia (UISI) : Lecturer (Dept. of Sharia Economics); Director of LPPM
Islamic Financial Educator CPD – Ubaya : Lecturer Institute Financial Planning Indonesia : Lecturer Islamic Stock Trading Practitioner Member of Financial Planner Association Indonesia (FPAI)
mobile : 081 132 1875 ; 0811 354 8797 (WA) [email protected]
Bambang Tutuko
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Perintah menyiapkan hari esok
QS. Al-Hasyr [59]:18
Yaa ayyuhalladziina ‘aamanuut taqullooha waltanzhur nafsun maa qaddamat lighad.
Wattaqullooh, innallooha khabiirum bimaata’maluun.
“Hai orang-orang yang beriman, bertakwalah kepada Allah dan hendaklah setiap diri memperhatikan apa yang telah diperbuatnya untuk hari esok (akhirat), danbertakwalah kepada Allah, sesungguhnya Allah Maha
Mengetahui apa yang kamu kerjakan.”
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Perhatikan ayat selanjutnya…..yang
mungkin akan membalik kesadaran kita.
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Perencanaan keuangan adalah “akibat”
QS. Al-Hasyr [59]:19
Wa laa takuunuu kalladziina nasuullooha fa’ansaahum anfusahum. ‘Ulaa ika humul
faasiquun.
“Dan janganlah kamu seperti orang-orang yang lupa kepada Allah, lalu Allah menjadikan
mereka lupa kepada mereka sendiri. Mereka itulah orang-orang yang fasik.”
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Orang-orang yang ingat untuk merencanakankeuangan adalah orang-orang yang ingat
akan Allah, dan karenanya mereka dibuatingat olehNya untuk merencanakan
keuangan.
Senantiasa ingat bahwa Allah sumber darisegala sumber sebab, semuanya adalah
akibat. Itulah TAUHID.
Perencanaan keuangan adalah “akibat”
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Ingat Allah = Dzikir
QS. Al-Baqarah [2]:152
Fadzkuruuni ‘adzkurkum wasy kurulii wa laa takfuruun.
“Karena itu, ingatlah kamu kepadaKu niscaya Aku ingat (pula) kepadamu,
dan bersyukurlah kepadaKu, dan janganlah kamu mengingkari (nikmat)-Ku.”
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Ingat Allah = Dzikir
Perencanaan keuangan Tauhid adalah
perencanaan keuangan yang “berdzikir”
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Prinsip Dzikir : Tasbih
Keserasian dan keseimbangan dalam alam semesta (QS. Al-Israa [17]:44 dan QS. An-Nuur [24]:41)
Air hujan harus mengalir agar bisa menjadi air hujan kembali, demikian pula pendapatan yang harus “mengalir”.
“Ziswaf-oriented financial planning”Zakat optimizing, not profit maximation
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Prinsip Dzikir = Tahmid
Segala puji bagi Allah (alhamdulillah), yang telahmenciptakan segalanya penuh kebaikan (QS. Al-Fatihah [1]:2)
Resiko adalah kebaikan, maka jalani resikonya untukdapatkan solusi (QS. Al-Insyirah [94]:5-6)
“Jalani resiko” = risk taking and sharing. Not risk-transfering.
“Tabarru fund, Not Premium paid”Al-kharaj bi al-daman, no pain no gain (hadits)
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Prinsip Dzikir = Tahmid
Contoh risk-transfer : asuransi konvensionalderivatives trading (futures, options) fixed-income scheme (bunga, phonzi) speculative stock trading (do DCA).
Risk-transfer = memastikan sesuatuyang tidak pasti = RIBA
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Prinsip Dzikir = Tahlil dan Takbir
Tiada Tuhan selain Allah, maka Agungkanlah Dia (QS. Al-Hasyr [59]:22 dan QS. Al-Israa [17]:111)
Segalanya berasal dari Allah dan akan kembali kepada Allah, innalillaahi wa inna illaihi roji’un (QS. Al-Baqarah [2]:156).
“Pulanglah” dengan tenang, kembalikan semuanya kepada Allah.
“Legacy planning, not just estate planning”
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Prinsip Dzikir = Tahlil dan Takbir
Legacy planning = financial legacy + values legacy.
Legacy planning = kaffah legacy
“Jangan wariskan hanya pabriknya, tapipastikan pabriknya tidak membuat
kerusakan”Orang-orang yang berbuat kerusakan = orang-orang
yang rugi (QS. Al-Baqarah [2]:27)
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Tauhidic Financial Planning
1. Ziswaf-oriented financial statement.
2. Risk-sharing insurance and investment.
3. Legacy planning.
ZISWAF is Islamic charity (zakat, infaq, shadaqah, and waqf)
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Tauhidic Financial Planning
Ziswaf-oriented financial statement
Risk-sharing
insurance &
investment
Legacy planning
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Ziswaf-oriented (Z) Financial Situation
ZISWAF growth
Basic liquidity
Liquid asset to
networth
Saving to income
Debt to asset
Debt to income
Non-mortgage
debt to income
Investment asset to
networth
Networthto asset
(Solvency)
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Ziswaf-oriented Balance Sheet
ASSETS
Cash and Liquid Asset
Personal Asset
Investment Asset (Productive)
Waqf Asset (Productive)
LIABILITIES
Short-term
Long-term
Good Debt (Productive)
Z-Networth = Total Asset – Total Liabilities
Apakah Nilai Kekayaan Bersih Anda Positif ?
Total Asset = “Dunya” Asset + “Akhirah” Asset (Waqf)
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Z-Basic Liquidity Ratio
Liquid Asset / (Monthly spending + Monthly Ziswaf payment)
Benchmark : 3-6 months spending includes Ziswaf
Goal : emergency fund
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Z-Liquidity Ratio
Liquid Asset / Z-Networth
Benchmark : 30% or more
Goal : maintaining liquidity for monthly spending (includes
Ziswaf payment)
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Ziswaf to Saving Ratio
(Annual Ziswaf payment/Annual Income) /
(Annual Saving/Annual Income)
Benchmark : 1 or more
Goal : maintaining balance of this-life and after-life saving
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Z-Debt Ratio
Total Debt / (Total “Dunya” Asset)
Total “Dunya” Asset = Total Asset - Total Waqf Asset
Benchmark : max 50%
Goal : minimizing and achieve 0% at retirement.
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Z-Mortgage Debt service Ratio
Annual Mortgage Installment payment / (Annual Income -Annual Ziswaf payment)
Benchmark : max 35%
Goal : minimizing and achieve 0% at retirement.
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Z-Non Mortgage Debt service Ratio
Annual Non-Mortgage Installment payment / (Annual Income –Annual Ziswaf payment)
Benchmark : max 15%
Goal : minimizing and achieve 0% at retirement.
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Z-Investment Ratio
(Investment Asset + Waqf Asset) / Z-Networth
Benchmark : minimum 50%
Goal : maintaining balance of this-life and after-life investment
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“Barakah” Ratio (Solvency)
Z-Networth / Total Asset
Benchmark : 50% or more
Goal : optimizing Z-Networth (optimizing Waqf Asset, minimizing
Debt)
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Ziswaf-oriented (Z) Financial Situation
ZISWAF growth
Z-Basic Liquidity
Z-Liquidity
Ziswaf to Saving
Z-Debt
Z-Mortgage
Debt service
Z-Non Mortgage
Debt service
Z-Investment
Barakah(Solvency)
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“God’s Bless” Indicator
Annual Ziswaf Growth/ u-ROI Growth(Unexpected Return on Investment)
AZG = (this year Ziswaf – last year Ziswaf) / (last year Ziswaf)
u-ROI = Total Unexpected Return / Total Investment
u-ROI Growth = (this year u-ROI – last year u-ROI) / (last year u-ROI)
Benchmark : 0,9-1,1
Goal : to indicate the growth of God’s Bless in your financial planning.
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JAZAKUMULLAH KHAIRAN
L E M A H T E L E S , P A N G E R A N S I N G M B A L E S
Wallaahu a’lam bishshawab