Publication: The Process of Claiming Asset in Bahagian Pembahagian Pusaka (BPP)
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Date
2023
Journal Title
Journal ISSN
Volume Title
Publisher
HRMARS
Abstract
As of year 2020, Malaysia’s frozen assets were MYR70 billion. Numerous challenges and issues are raised by this phenomenon and it has becomes incredibly challenging to solve. There are many agencies and bodies that handle the claims, queries and applications related to estate administration in Malaysia, for instance, the Department of Director General of Lands and Mines (JKPTG) through the Bahagian Pembahagian Pusaka (BPP), Amanah Raya Berhad (ARB), and The High Court (HC). However, more than 70 % of these claim applications was received and conducted by the Bahagian Pembahagian Pusaka (BPP). Thus, this study aims to investigate the processes of claiming asset specifically in (BPP). This research is qualitative research, through reviewing and identifying on existing related literatures in inheritance asset in Malaysia, and websites from JKPTG to understand the processes. This study acknowledges several reasons that cause heirs to be unable to proceed with their claim of the assets which causes an increasing number of unclaimed assets. The distribution process will move swiftly once people understand how the BPP claims process operates.
Description
International Journal of Academic Research in Business and Social Sciences
Vol: 13, Issue: 12 (page: 3456-3465)
Keywords
Frozen Asset, Islamic Estate Planning, Islamic Inheritance, Qualitative
Citation
Muhammad Naqiyuddin Ismail, Norhazlina Ibrahim, & Safeza Mohd Sapian. (2023). The Process of Claiming Asset in Bahagian Pembahagian Pusaka (BPP). International Journal of Academic Research in Business and Social Sciences, 13(12), 3456–3465. https://hrmars.com/index.php/IJARBSS/article/view/19691/The-Process-of-Claiming-Asset-in-Bahagian-Pembahagian-Pusaka-BPP