FAQs

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1. When did the FIDE Programme commence?
  The pilot run for the FIDE programme commenced with the first module on 14 November 2008.

Over the years, the programme has been expanded and enhanced to be relevant to meet the on-going challenges faced by financial institutions.
 
2. What is FIDE Programme admission policy?
  To be admitted into the FIDE Programme, participants must currently be serving on the board of a financial institution. FIDE Elective programmes are open to directors as well as senior management of financial institutions.
   
3. Is attendance mandatory at all sessions?
  As per Bank Negara Malaysia's Circular dated April 2011, all newly appointed directors will be required to complete the FIDE Core programme (Modules A & B) within one year of their respective appointments. Attendance at all sessions of the programme is mandatory. 

  

4. What is the cost of the programme?
 
 
Core programme: RM50,000 per participant.
  
Elective programme: RM3,000 to RM5,000 depending on the programme.
  
Fees are exclusive from and subject to Goods and Services Tax (“GST”) at the prevailing rate for programmes conducted within Malaysia.  Iclif is licensed to collect GST under the laws of Malaysia. (Licensed No: 001279590400).
 
5. When should payment be made?
  Payment should be made within 30 days from the invoice date or in advance of the programme date, whichever is sooner.
   
6. How should payment be made?
  Payment should be made payable in favour of “The Iclif Leadership and Governance Centre”.
   
 
Mode
Payment details
Cheque : Payable to "THE ICLIF LEADERSHIP AND GOVERNANCE CENTRE"
Telegraphic transfer
:
MAYBANK BERHAD
    Account No: 5140 1138 4115
 
 
Payee: THE ICLIF LEADERSHIP AND GOVERNANCE CENTRE
 
 
(Please email a copy of the payment receipt to finance@iclif.org or fax to +603 2725 9002)
     
7. Is there a Cancellation or Substitution Policy?
  Please click here to refer to our terms and conditions.
 
8. Is the FIDE programme fee tax deductible?
  We do not currently have a tax deductible education programme. Your accountant should be able to advice you on any business deductions that may be applicable to your institution.