Saturday, January 16, 2010

Wasiat (a Muslim Will)

What is a Wasiat (Will)

Wasiat is a declaration of a person made during his life time with respect to his property or benefit thereof, to be carried out for the purpose of charity or for any other purpose permissible by Islamic Law, after his death.


Authority on Wasiat

Narrated Abdullah bin Umar: The Prophet S.A.W. said:
"It is not permissible for any Muslim who has something to will to stay for two nights without having his last Will and Testament written and kept ready with him."
Excerp from Sahih Al-Bukhari (vol IVP1)


Who Should Write A Wasiat (Will)

Since non-heirs (whether Muslims or otherwise) can generally benefit under a Wasiat, Muslims with assets and who have the following persons or organisations in contemplatiom to benefit under their Wasiat should hesitate no longer in writing their Wasiat:

>> Grandchildren
>> Adopted children
>> Foster parents
>> Close friends
>> Mosques
>> Charitable Organisations
>> Orphanages
>> Non-Muslim children from previous marriage
>> Non-Muslim family members
>> Alma mater
>> Hospitals
>> Others who are not beneficiaries Faraid


Benefits of Writing a Wasiat (Muslim Will)

>> Expedite the legal process.
When a person dies, all his assets will be frozen. Assets distribution can only be effected when Grant of Probate or Letters of Administration are obtained from the High Court. Without a Wasiat, administration bond (guarantee) and sureties (guarantors) must be produced before distribution can be effected.

>> Avoid family contention

>> Appoint trustworthy executor to administer your assets whether individual or Trust Corporation.

>> Appoint guadian of property for minor children.


Source: as-Salihin Trustee Berhad, "Islamic Estate Planning".

Please contact Mansid at mansid@yahoo.com (013-366-1242) for more information
Authorised Estate Planner for as-Salihin Trustee Bhd.

2 comments:

  1. salam, leh tahu lebih lanjut tentang konsep penerokaan tanah dalam islam

    ReplyDelete
  2. A wasiat can prevent family contention and government acquisition of his assets. Some people, due to tough the economic status, tend to sign up for inheritance loan as a means of financial support.

    ReplyDelete