Islamic Estate Planning

PUBLISHER: MALAYSIASME.

Estate planning for non-Muslims are governed under Malaysian Civil Law (Distribution Act 1958, Wills Act 1959, Trustee Act 1949), while Muslims in Malaysia are governed under Shariah Laws. Faraid refers to ordained quotas for distribution. It defines in specific detail persons recognised as Waris (lawful heirs) to the estate. The rules practised in Malaysia follow the Shafie School of jurisprudence. …

GavinTeoh

Gavin Teoh is an accredited and experienced financial planner in Malaysia. He won PlanPlus Global Financial Planning Awards of Asia Region in 2014 . A practice director of UOB Kay Hian Wealth Advisors Sdn Bhd. His financial services specialties are holistic financial planning, insurance planning, investment and retirement planning, will-writing and estate planning, and SMI financial risk management.