WHAT IS THE ISLAMIC WILLS, ISLAMIC TRUST?
(The objectives of Shari’ah )
What is the Islamic Wills & Islamic Trust? | Islamic Wills Trust Service
Islam provides a complete code for human life at the individual and collective levels. The Muslim society has always been practicing Islam regarding their Ibadat, however, less importance was paid to the day-to-day affairs (fiqh-ul-mu’amalat) which is equally obligatory in Shari’ah. Islam has provided such details for all types of commercial and market dealings. Muslims have been practicing it throughout the centuries more at the individual and less at the state level.
The objectives of Shari’ah have been defined by Muslim jurists to provide safeguards and to protect all types of interests of human beings like religion, life, intellect, progeny, and property. Though all objectives have due importance, however, the protection of the property is one amongst those which have been given the highest importance. The Shari’ah has a complete code of Halal and Haram (lawful & unlawful) that has to be honored and practiced by the believers.
Every Muslim is bound to earn and get his livelihood through lawful means, as unlawful income or property is impermissible in the eye of Shari’ah. The nobility of a Muslim lies in Halal earnings. The income is earned through lawful economic activities, as one is not allowed to earn forbidden income or property by any means and he cannot spend much income even for lawful purposes, which have been declared permissible in Shari’ah.
The Islamic Living Trust is an example of how Muslims in the United States must plan for their legacy. To this end, a living trust is seen as a plan of succession created by Muslims to breathe life into their values in the event of death or incapacity.
The main purpose of an Islamic will is to ensure that the estate is distributed in certain parts to certain family members and treated according to Islamic law. In the broadest sense, an Islamic will ensures that at least 2 / 3 of your assets are divided as they are, with the remaining third determined by the instructions of the Mawarith (timetable) of the Koran and must behave accordingly.
Identifying the trust as the primary beneficiary is the only option once Islamic distribution is established. Islamic distribution is laid down in a trust will that can be followed by the state, but also must determine the distribution of the estate in accordance with the Mawarith (timetable) and the instructions of Islamic law.
In a non-Islamic will, a person can leave all his assets to whomever he wants, but there are no limits to how Muslims can give up their assets. In an Islamic will that is in accordance with Sharia law and is a continuous relationship of trust, the testator wants to give the chosen trustee instructions on what he/she should invest in in order to avoid investments that are forbidden in the Quran.
Islamic will differs in that there are specific rules on what is contained in a will and who is entitled to what part of the estate. For example, if a third of a spouse’s assets are ultimately passed on to his daughter, they can follow the traditional principles of the Islamic will.
Islamic Wills Trust offers their Muslim clients the possibility of an Islamic or Shari’a-compliant Islamic will. Islamic inheritance or they may opt for a standardized English will that clearly violates the rules of Islamic inheritance.
The making of an Islamic will requires careful drafting to ensure that it is compatible with the rules of Shari’a and the laws of Islam. Making a will can seem like a monumental task, especially for Muslims who are obliged to follow American law, as it is a legal requirement for their religious beliefs.
This is because it is not possible to calculate the portion of the Quran, but a properly written Islamic testament should never fail because of this uncertainty. Islamic inheritance law (Faraidh) is not subject to the same legislation as that of the Islamic Trust.
To ensure that your debts are paid in accordance with Islamic law you must process and properly draft your Islamic wills with Experts. In order to ensure the integrity of the Islamic Will or Islamic Trust and the legal status of your assets and liabilities, it must be carefully examined by Experts with experience in drafting Islamic wills.
Here at Islamic Wills Trust, however, we can help make the process of drawing up an Islamic will as simple as possible. We can offer tailor-made advice to the situation of each individual to ensure that the Islamic will is prepared in accordance with your faith.
We can help you manage your estate and set up a foundation so that real estate and assets benefit the person named in your Will or Trust. We can talk to you about making an Islamic will and by making sure you make a valid will you try to minimize inheritance tax liabilities and avoid any potential claims against your estate under inheritance law. Islamic wills, preferably experienced in writing living wills, such as the Islamic Will and the Islamic Trust.
With the help of Islamic Wills Trust, you can write a will to ensure that your assets are divided between family members according to the rules set out in the Quran. Islamic wills are legal documents written in a way that is compatible with Sharia law, such as the Islamic Will and the Islamic Trust.
If the will is deemed valid, it must be signed by two Muslim men who are 21 years or older and are not related to or interested in the recipient. Muslim men who have been chosen by a Muslim man who, to our knowledge, has no knowledge of Sharia law are recommended by Sharia law, as they will help you make decisions in the administration of your estate.
If you would like to discuss making an Islamic will or Islamic Trust, please complete our free online inquiry form or call us to consult whether an Islamic will or Islamic Trust is suitable for you, you can fill out our free online inquiry form or call us at 1855-559-4557.