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Islamic Wills, Trusts and Estates: Planning for this World and the Next
Euromoney Trading Ltd, March 2011, Pages: 192
This book covers all aspects of Shari'a succession and estate planning. Along with technical details of the Shari'a mawarith (laws of succession), the book includes practical case studies and calculations showing different potential inheritance outcomes.
Donative trusts are a $1 trillion plus industry, and dwarf the estimated size of the Islamic finance industry worldwide; writing a Will is mandatory for Muslims who have any assets to bequeath; the majority of Muslims living in the West have not done any estate planning. These three facts point to a vast and untapped industry and business opportunity.
Covering all aspects of Shari'a succession and estate planning, along with technical details of the Shari'a mawarith (laws of succession), the book includes practical case studies and calculations showing different potential inheritance outcomes. The book also discusses, in considerable detail, aspects of Shari'a compliant will and trust drafting, as well as lifetime giving and charitable gifts, and provides useful precedent documents.
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