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Islamic estate planning is a financial and legal process adhering to Islamic principles to ensure the elderly distribution of assets after one’s demise. It involves understanding the importance of Estate Planning and Wealth Preservation & Distribution and knowing the difference between Wasiat, Takaful, Hibah and Trusts. In addition to a better knowledge of the Faraid System.
Learning Outcome
Participants will be able to:
- Gain an in-depth understanding of the Faraid system in Islamic estate planning.
- Differentiate between Wasiat, Hibah, Trust (Amanah), and their applications.
- Understand the use of takaful and insurance in Islamic estate planning.
- Recognize the importance of estate planning in wealth preservation and distribution.
- Acquire a clearer understanding of the Islamic estate planning instruments available in the market.
