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Vol 23 No 5 May/June 2018

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Drafting Commercial Agreements

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Islamic Wills, Trusts and Estates: Planning for this World and the Next

ISBN13: 9781843747673
Published: May 2011
Publisher: Euromoney Institutional Investor
Country of Publication: UK
Format: Paperback
Price: Out of print

Donative trusts are a $1 trillion plus industry, and dwarf the estimated size of the Islamic finance industry worldwide; writing a Will is mandatory for Muslims who have any assets to bequeath; the majority of Muslims living in the West have not done any estate planning. These three facts point to a vast and untapped industry and business opportunity.

Covering all aspects of Shari'a succession and estate planning, along with technical details of the Shari'a mawarith (laws of succession), the book includes practical case studies and calculations showing different potential inheritance outcomes. The book also discusses, in considerable detail, aspects of Shari'a compliant will and trust drafting, as well as lifetime giving and charitable gifts, and provides useful precedent documents.