Wasiat
A declaration of a person made during his life time with respect to his property or benefit thereof, to be carried out for the purposes of charity or for any other purposes permissible by Islamic Law, after his death.
Primary Heirs
- Spouse;
- Legitimate children;
- Parents (Provided that they are all Muslims).
Those not regarded as heirs in Islam
- Adopted children;
- Illegitimate children;
- Foster parents.
Muslims may Will up to 1/3 of their net assets to non-Faraid heirs whether they are Muslims or non-Muslims or for charity provided that the bequest is Syariah compliant.
Muslims with assets who wish to benefit the following in Wasiat
- Grandchildren;
- Adopted children;
- Foster parents;
- Close friends;
- Non-Muslim family members;
- Non-Muslims children from previous marriage;
- Mosques;
- Charitable organisations;
- Alma mater;
- Higher Educational Institution;
- Hospitals.
At as-Salihin we have the skills and experience to take on the often heavy responsibility of administering an estate and as part of the service, our duties can include the following:
- Identifying the assets and liabilities of the deceased whether in Malaysia or abroad;
- Assisting in applying to the relevant authorities for the requisite of Faraid certificate;
- Obtaining Letters of Administration/Probate;
- Paying off debts
- Dealing with tax returns and liabilities;
- Distributing the estate to the beneficiaries in accordance with the Faraid and or Wasiat;
- Preparing statement of account and necessary documents.
Appointment Of Executor
- An executor is a person appointed in a Wasiat to carry out the testator’s wishes and instructions. However as an individual, the executor may fall sick, pass away or decide not to act, as compared to appointing a trustee company, as-Salihin Trustee Berhad.;
- as-Salihin incorporated under the Companies Act 1965 and registered under the Trust Companies Act 1949, is bound to abide by stringent statutory provisions that have been legislated for the protection of beneficiaries under its wings. It has perpetual succession.
