Publication:
Issues in Islamic estate planning
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Date
2018
SDG:
Abstract
Islamic estate planning is an important aspect of wealth management and financial planning. Currently, Islamic estate planning, which makes up a part of Islamic financial planing, is not well-developed and needs further enhancement and improvement for it to flourish so that every Muslim can benefit from it. The important components of Islamic estate planning include hiba, wasiyya, waqf, takaful and fara'id (Islamic law of inheritance), among others. This chapter discusses some of the major issues pertaining to theses components and offers recommendations to resolve them.
Keywords
Islamic estate planning , Hiba , Wasiyya , Waqf , Takafuk , Fara'id , Wealth management
Citation
Lahsasna, Ahcene and Muhammad, Marjan. (2018). Issues in Islamic estate planning. In Islamic Wealth Management Report 2018 (pp. 70-89). Pakistan: Edbiz Consulting.
Publisher
Edbiz Consulting