as-Salihin Trustee

#Estate planning: The benefits of Islamic estate planning (Pt 1)

In #Malaysia estate planning is an often forgotten element in a Muslim’s financial plan. According to Abdul Aziz Peru Mohamed, CEO of as-Salihin Trustee, estate planning is how we protect the assets we have spent a lifetime accumulating. He says 85% of the local Muslim population have not done any estate planning. There had been an estimated RM60 billion worth of unclaimed assets since the country’s independence in 1957. This is a substantial increase from RM42 billion worth of frozen assets in 2011. By having a will or trust, the issue of unclaimed assets will not arise as the settlor will appoint an executor or trustee to manage the deceased’s assets.

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