Service We Offer
- Drafting of Syariah Compliant Wills
- Preparing a Nazar Khas (Nuzriah)
- Preparing a Hibah Ar-Ruqbah
Why is it important to write a Wasiat?
Prophet Muhammad (SAW) said “It is not rightful for a Muslim person, if he has anything to bequeath, that he sleeps two consecutive nights without having his Will written with him.” (Narrated Abdullah bin Umar: Bukhari, Vol. 4, Book 51, No. 1)
“It is ordained for you, when death approaches any of you and he is leaving wealth, that he makes fair legacies in favour of .. near relatives, a duty upon those who have taqwa.” (Qur’an 2:180)
Syariah Compliant Wills
Highly encouraged in Islam
Faster, cheaper process upon death
Choose Executors – choose somebody you trust to handle your affairs after you die
Choose Guardians – Who do you want to raise your young children after both parents die?
Prevents potential family conflicts & fitnah
Ability to express ourselves to relations after death
Nazar Khas (Nuzriah)
Prepared for the purposes of making an inter vivos gift over joint property
Assets under the Nazar do not form part of the estate and will not be distributed pas a part of the Wasiat
Integral in Estate Planning and making specific provisions for parties that may not be eligible for distribution under a Wasiat
Addresses the Fatwa on Joint Properties in Singapore
Prepared jointly with a wasiat
Hibah Ar-Ruqbah
Contract of Gift that is returnable if the recipient predeceases the giver
Useful for situations where both owners of a jointly held property intend to plan for their estate
This is a contract with conditions, not an outright gift like the Nazar Khas
Also prepared joint with a Wasiat
WHY ISLAMIC FINANCE
There is great potential for the Islamic Finance Industry in Singapore, especially as a base for expansion to the Asian markets. Some International Islamic Finance providers are deterred from entering Singapore due to their perception that there is a difficulty in achieving Economies of Scale here. We hope to address this concern by assisting such providers to have an initial market presence in Singapore, inshaAllah.
