In the ASISA-backed media portal, Smart About Money, editor Laura du Preez writes about Shariah-compliant estates. She quotes FISA members and FPSA®s Showkat Mukadam who presented on the topic at the recent FISA Conference, and Rumana Mahomed, KZN FISA Chairperson.
While Shariah provides clear rules of inheritance, Muslim families can face serious challenges if no planning is done.
Shariah-compliant estate planning can also greatly enhance the efficiency and cost-effectiveness with which your estate is distributed to heirs in line with Shariah principles.