FIN669 Chapter 3 - Estate for Muslim

Hey there, Zoe, Elijah, and Maya! Let's dive into the fascinating world of estate planning for Muslims. Which of the following statement(s)

is/are correct?

I. The Wills Act 1959 does not apply to Muslims making a Will in Malaysia.

II. For distribution of property, the Syariah laws of the Shaffi School of Islamic Jurisprudence

apply.

III. Property acquired during marriage is called Harta Sepencarian and will pass on to the

surviving spouse and children.

• I only

• II only

• III only

• All of the above

Hey there, future estate planners! Liam, Elijah, and Grace are diving into the fascinating world of estate planning for Muslims. They came across some terminology that they need your help with. Can you spot which one of these statements is not correct?

I. The Wasiat is a Muslim will.

II. Gifts given away inter vivos is called Hibah.

III. Faraid refers to testate distribution of Muslim property.

IV. Baitulmal refers to funds of the Muslim community.

• I only

• II only

• III only

• IV only

Hey there, future scholars! Let's dive into the fascinating world of hukum faraid distribution. Imagine this scenario:

I. If Anika passes away leaving behind her loving husband, Mason, along with their son and daughter, how does the estate get divided? The husband gets ¼ of the estate, the son ½, and the daughter ¼.

II. Now, picture this: If William survives Anika and there are no children, he receives ½ of the estate, while the rest goes to Baitulmal.

III. Lastly, if Mason departs this world leaving Anika, their son, and daughter, how is the estate divided? Anika receives 1/8, the son gets 7/12, and the daughter 7/24.

• I only

• II only

• III only

• All are correct

Hey there, future estate planners! Elijah, Abigail, and Rohan, did you know that Muslims are encouraged to write a will? The main advantage of doing so is

• The entire estate may be given to non legal heirs if desired

• It would be easier to administer the estate because of the Probate process.

• The estate distribution need not follow hukum faraid principles

• At least two-thirds of the estate may be given to non-muslims if desired.

Hey there, future legal eagles! With reference to the administration of the estates of Muslims, let's see how well you know your stuff! Which of the following statements are true?

I. The Wills Act 1959 applies to Muslims

II. The Probate and Administration Act 1959 applies to Muslims

III. The Statutory Trust created by Paragraph 5 of Schedule 10 (Section 130) of Financial

Services Act 2013 does not apply to Muslims

IV. Muslims are not allowed to apply for administration under the Small Estates (Distribution)

Act 1955.

Join Noah, Harper, and Lily in this quiz and pick the right options!

• I and II only

• I and III only

• II and III only

• II and IV only

Hey there, students! Let's put your knowledge to the test! Which of the following statements are true?

I. Non-Muslims cannot inherit from the estate of a Muslim.

II. A Muslim testator can Will away one-quarter of his estate to non-legal heirs.

III. By means of a valid disposition, a Muslim can give away less than one-third of his estate to Non-Muslims.

So, what do you think? Is it Daniel, Arjun, or Mia who knows the right answer?

• I and II only

• I and III only

• II and III only

• All the above

Hey there, Sophia! Did you know that during their life-time, Muslims can give inter-vivos gifts? Let's see if you can spot the odd one out among these examples of such gifts. Which one doesn't belong?

• Transfer of house

• Absolutely assignment of a life insurance policy

• Naming a nominee of life insurance policy moneys

• Irrevocable trusts

Hey there, Aria, Liam, and Anika! Let's dive into the world of inheritance. Can you tell me what the "Sijil Faraid" is?

• Given by the High Court

• Equivalent to the Letters of Administration

• Certificate confirming the benefit of the legal heirs

• A Distribution Order given by Amanah Raya Bhd

Imagine Abigail, a diligent EPF contributor, has passed away. As a Muslim, what happens to her hard-earned money?

• only upon obtaining the Sijil Faraid

• only after the Will has gone through the Probate process

• to the named nominee

• only to the administrator of the estate.

Hey there, Luna, Scarlett, and Ava! Let's dive into the fascinating world of Islamic law of distribution. Which one of the following features is true?

• The wife of the deceased is always entitled to a quarter of the estate

• The husband of the deceased always inherits half the estate

• The wife of the deceased inherits the whole estate if she is the only legal heir surviving

• Where the deceased leaves one daughter as the only legal heir, she inherits only half the estate