The IMI system requires an individual to fill up the items in the Income and Expenses Statement, the types and amount paid for protection (takaful), amount of zakat to be paid and the items in the Balance Sheet. Thus, the system allows the user:
To identify and segregate the items in the Income Statement and Balance Sheet into shariah-compliant and conventional
To determine the level of liquidity, savings and debt position
To determine the extend of the conformity to shariah on their investment, assets and financing
To know the sufficiency and adequacy of takaful instruments
To calculate the amount to be paid for zakat on income
Al-Idarah Al-Maaliyyah Indicator (IMI) System - Islamic Financial Planning Indicator 