Sunday, November 28, 2010

Workshop on Islamic Wealth Management & Financial Planning : 5 Jan 2011 - Kuala Lumpur, Malaysia

Workshop on Islamic Wealth Management and Financial Planning

Date : 5 Jan 2011

Venue : Quality Hotel Kuala Lumpur, Malaysia


i) Overview and issues on Islamic wealth management and financial planning
ii) Islamic wealth creation and accumulation
iii) Islamic investment : recommended Islamic investment avenues
iv) Islamic wealth protection / risk management : takaful
v) Islamic wealth distribution / Islamic estate planning : Islamic wills, faraid etc
vi) Islamic wealth purification : zakat etc
vii) Retirement planning


Ahmad Sanusi Husain
-Certified Islamic Financial Planner (IFP)
-Islamic Finance and Investment Consultant

Who Should Attend:

Managers, officers of financial institutions and corporations, Islamic financial planners and consultants, university lecturers and students, lawyers, investors and other related parties.

Your investment (fee structure):


RM600 - Malaysians
USD250 - International

Early bird fee: (registration with payment by 10 December 2010)
RM500 - Malaysian
USD200 - International

GROUP DISCOUNT: (3 persons and above)

After early bird date (10 December 2010):
RM500 - Malaysians
USD200 - International

Before of by early bird date (10 December 2010):
RM400 - Malaysians
USD150 - International

Special fee for FULL-TIME university students:
RM300 - students in Malaysia
USD120 - students outside Malaysia


AlFalah Consulting
UOA 2 Centre (KLCC)
Kuala Lumpur

Tel: +6019-234 8786 / +6012-610 0526 / +010-295 7990

organiser's web site

Sunday, November 7, 2010

Kaizen : Defined and Applied

Kaizen Defined

Kaizen approaches productivity improvement. In Japanese, Kaizen means “small, incremental, continuous improvement,” and the English translation is “continuous or continual improvement.” It is a process that, when done correctly, humanizes the workplace, eliminates unnecessarily hard work (both mental and physical), teaches people how to do rapid experiments using the scientific method, and how to see and eliminate waste in business processes.
The objectives of Kaizen include eliminating waste, or activities that add cost but not value, just-in-time delivery, production load leveling of amount and types, standardized work, paced moving lines and right-sized equipment,. Basically, Kaizen takes processes, systems, products, and services apart then rebuilds them in a better way. Kaizen goes hand-in-hand with that of quality control circles, although it is not limited to quality assurance.

Kaizen Applied

Outside experts can help get Kaizen started. They work in your facility to identify problems that those close to the work may not see.  After instigation, employees can then continue implementing Kaizen works and experiencing its benefits.

Key Elements:

  • Structured approach – A formal schedule including kick-off and a final presentation to management in addition to Kaizen Team Leader updates
  • Aggressive objectives –Encouraging the team to stretch beyond its comfort zone to achieve goals
  • Short time-period – A Kaizen Event typically lasts two to five days, plus time to follow up
  • Full-time team membership – Team members are full-time for the duration of the Kaizen Event, but they are not expected to perform their normal duties during the process
Employee training and communication, combined with direct involvement by the management, is critical to Kaizen’s success. For example, a manager spending a week on the shop floor working with employees and encouraging them to develop suggestions will expedite the arrival of benefits as opposed to distant leadership. A manager should also ensure that employees see their suggestions addressed immediately instead of allowing their input to disappear into a management "black hole."
Kaizen does not view problems as negative but rather sees them as positive opportunities for improvement. To implement change, Kaizen finds, reports, and fixes problems. This program encourages rewarding employees who expose inefficiencies and other issues. Kaizen is about taking action to generate suggestions then implementing productive ideas as soon as possible.
Kaizen results in improved productivity and quality, better safety, faster delivery, lower costs and greater customer satisfaction. Furthermore, employees find work to be easier and more enjoyable—resulting in higher employee morale and lower turn-over.

Outcomes include:

  • Reduction in waste in areas such as inventory, waiting times, transportation, worker motion, employee skills, over production, excess quality, and in-processes
  • Improvement in space utilization, product quality, use of capital, communications, production capacity, and employee retention
  • Immediate results. Instead of focusing on large, capital-intensive improvements, Kaizen focuses on creative investments that continually solve large numbers of small problems. The real power of Kaizen is in the on-going process of continually making small improvements that improve overall processes and reduce waste

What is kaizen?

Kaizen is...

... a system of continuous improvement in quality, technology, processes, company culture, productivity, safety and leadership.

We'll look at Kaizen by answering three questions: What is Kaizen? What are the benefits of Kaizen? What do you need to do to get started using Kaizen principles?
What is Kaizen?
Kaizen was created in Japan following World War II. The word Kaizen means "continuous improvement". It comes from the Japanese words "Kai" meaning school and "Zen" meaning wisdom.

Kaizen is a system that involves every employee - from upper management to the cleaning crew. Everyone is encouraged to come up with small improvement suggestions on a regular basis. This is not a once a month or once a year activity. It is continuous. Japanese companies, such as Toyota and Canon, a total of 60 to 70 suggestions per employee per year are written down, shared and implemented.
In most cases these are not ideas for major changes. Kaizen is based on making little changes on a regular basis: always improving productivity, safety and effectiveness while reducing waste.
Suggestions are not limited to a specific area such as production or marketing. Kaizen is based on making changes anywhere that improvements can be made. Western philosophy may be summarized as, "if it ain't broke, don't fix it." The Kaizen philosophy is to "do it better, make it better, improve it even if it isn't broken, because if we don't, we can't compete with those who do."
Kaizen in Japan is a system of improvement that includes both home and business life. Kaizen even includes social activities. It is a concept that is applied in every aspect of a person's life.
In business Kaizen encompasses many of the components of Japanese businesses that have been seen as a part of their success. Quality circles, automation, suggestion systems, just-in-time delivery, Kanban and 5S are all included within the Kaizen system of running a business.
Kaizen involves setting standards and then continually improving those standards. To support the higher standards Kaizen also involves providing the training, materials and supervision that is needed for employees to achieve the higher standards and maintain their ability to meet those standards on an on-going basis.

(by Steve Hudgik)