Islamic Estate Planning Archives - Page 2 of 7

Funding your Trust

After your Trust is signed, you must take steps to fund it with your Trust Property. If you do not fund the Trust with your Trust Property, the Trust may not be effective, and your estate may have to go...

What is an Islamic Family Waqf?

Many Muslim American couples have asked us to design a Sharia-compliant trust for married couples where after the first spouse passes, the surviving spouse would manage their assets in trust, and after they both pass, their trust assets would be...

What is a public waqf (Islamic Charitable Trust)?

Waqf: (Pl: Awqaf/waqfs) a Waqf Literally means to stop, contain, or to preserve. According to the Sharia, a Waqf is a voluntary, permanent, irrevocable dedication of a thing or of part of wealth – in cash or kind – to...

What is an Islamic Will?

An Islamic will is a legal declaration that you, the testator, make. It tells the world who will get your assets and who will manage your estate and implement your wishes when you die. When you die without a Will—called...

What is an estate plan?

A standard estate plan includes a Will, a healthcare directive/living will, and a durable power of attorney. A will is not complicated or expensive. You do not need to be rich to have a will. Even if you have...

I am an American Muslim. Does the Sharī‘a...

Many Muslim scholars living in the United States suggest that American Muslims are obligated to have an Islamic will, because without one, the estate will be divided according to non-Islamic laws. If you leave a surviving spouse and...

What does the Qur’an say about wills? Does...

Yes, the Qur’an and the Sunna both cover wills. In the Qur’an, Allah directed Muslims to make a will: “It has been ordained upon you, when death is near one of you, leaving wealth behind, to make a will...

How is an Islamic will different from a...

An Islamic will covers everything that a secular will covers, including:  Appointing an executor to distribute your estate and manage your affairs after death;  Appointing a guardian to care for your children and manage their inheritance until...

What is the difference between a secular will...

An Islamic will covers everything that a secular will covers, including: Appointing an executor to distribute your estate and manage your affairs after death; Appointing a guardian to care for your children and manage their inheritance until adulthood; Leaving...

What assets does my Islamic will cover?

Your Islamic will, like a secular will, covers all the assets that make up your estate. When you die, the interests you have in all your property—real and movable—become part of your estate. According to American law, title to...

Category: Islamic Estate Planning