The Role of a Wasiat in Muslim Estate Planning
A wasiat is a will made under Muslim law, allowing a Muslim to direct that part of their estate be given to chosen recipients after death or keeping within faraid principles. In Singapore, a wasiat operates alongside faraid the fixed-share system of Muslim inheritance and within limits set by Muslim law. Used thoughtfully, it can be a helpful part of estate planning.
Understanding Faraid: How Inheritance Is Distributed Under Muslim Law in Singapore
Faraid is the Islamic law of inheritance that sets out how a Muslim’s estate is distributed among eligible beneficiaries after death. In Singapore, faraid applies to the estates of Muslims and is administered within the framework of the Administration of Muslim Law Act (AMLA).