Muslim Estate Planning

Estate Planning for Muslims

This is a specialized service for the Muslim community. The planning process starts with the understanding of Faraid and its permutations for your family.

Faraid is the beginning of Estate Planning.

Distribution will be based on the Faraid and other Syariah compliant Wealth Transfer Tools. With this, it promotes and enhances the benefits for your loved ones.

We provide an in-depth look into your current Asset position with which we will give advice on:

•       Enhancing your Asset Allocation

•       Maximizing your Wealth Accumulation

•       Creation of a Retirement Income

•       Managing your Wealth Disposition

•       Effective Will Writing (Wassiyah)

•       Creation of Trusts (specific for Muslims)  for your loved ones

Benefits of Muslim Estate Planning

In addition to the Benefits under Civil Estate Planning, Muslim Estate Planning ensures:

1. the wealth/estate transfer process (that complies with Shariah requirement and the Common Law)

2. Identify the Muslim Beneficiaries and legal heirs

3. the deceased's liabilities (to mankind and to God).

4. the means of transfer of wealth or the means of distribution of the estate based on Common Law and yet complying with Shariah. E.g. which wealth has been given as Trust, as Gift (Hibah) and which assets have been pledged as Harta Sepencarian.

   1. This will eliminate the most common mistakes in the distribution of those assets by Faraidh means.

Resources for Muslim Estate Planning

• Muslim Inheritance Law

• Law Society Article on Faraid