Arguably, one of the most neglected parts of the Deen is Islamic Inheritance. The difficulty Muslims have in secular societies is the complexities of ensuring that they’re able to give as much of their wealth to the heirs as possible without being hit by death duties/inheritance tax.
Formulating a plan and then regularly reviewing that plan can ensure that not only is a Muslim abiding by the laws of inheritance as set out in the Qur’an and Sunnah but also ensuring they pay the least amount of tax on their estate as possible.
Using our knowledge of what is known about Islamic Inheritance and the secular laws of taxation, in the first instance Legal Muslim can help prepare a Will that is fully tax-efficient and islamic.
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If a Muslim has died without a Will or an Islamic Will, then Legal Muslim can help with administration of the estate in accordance with the Qur’an and Sunnah. Some key points to note are:
If you are a Muslim who wants to prepare an Islamic Will or a personal representative of a deceased person’s estate and want to follow the rules as set out in the Qur’an and Sunnah, get in touch with Legal Muslim.
The Prophetﷺ asked of a bedouin man who leaving a camel without tying itWhy don’t you tie down your camel?The Bedouin answered,I put my trust in Allah.The Prophetﷺ then replied,Tie your camel first, and then put your trust in Allah.