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Islamic Estate Administration

Process of administration and liquidation of the asset, including settlement of all debts (actual and spiritual), disposition of alms and non-heirs, the division of the residuary estate to the ightful beneficiaries in accordance with Islamic Law of Inheritance.

Islamic Estate Administration

 

Process of administration and liquidation of the asset, including settlement of all debts (actual and spiritual), disposition of alms and non-heirs, the division of the residuary estate to the ightful beneficiaries in accordance with Islamic Law of Inheritance.

 

2 types of Estate Administration
  1. For Testacy (Deceased dies with a wasiat); as-Salihin can be appointed as Executor in testator’s wasiat;
  2. For Intestacy (The deceased dies without having a Wasiat):
    • For estate worth RM2 Million and above as-Salihin can be appointed by the deceased’s Faraid heirs to act as administrator and liquidate the assets, do settlement of debts and final distribution to beneficiaries.
    • For estate worth less than RM2 Million (Movable and immovable asset), as-Salihin may assist the deceased’s family member in obtaining letters of administration and distribution order from Small Estate Department at respective Department of Land and Mines (JKPTG).

 

Benefits
  • As-Salihin is the only trust company in Malaysia which focuses and provide services in Islamic Estate Administration;
  • Perpetual Existence and Continuity;
  • Accountability and Impartiality;
  • Professionalism and Competence;
  • Exemption from Administration Bond;
  • Expert to advice on legal proceeding on estate and administration process.;
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2024-02-23 08:37:52