Publication: Coordinating Of Waqf, Wasiyyah And Faraid In Islamic Wealth Distribution
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Date
2015
Journal Title
Journal ISSN
Volume Title
Publisher
AENSI Publications
Abstract
Lack of efficiency in administration as well as attitude of the legal heirs are the factors that cause frozen assets. It is estimated that RM 66.6 billion of the property could not be distributed to the legal heirs due to several reasons. The majority owner of those assets are Muslims. Even though estate management planning in Islam is divided into two, during the lifetime and after the death of owner property, still there is occurrence of the problem. In order to solve this issue, people should be exposed to the way of distribution of property including before and after the death. Thus, the objective of this paper is to investigate on coordinating of waqf, wasiyyah and faraid in Islamic wealth distribution among Malaysian Muslims. The methodology of research in this paper is through quantitative research based on 127 selected respondents in Malaysia. As a results of this study, basically the respondents agreed that by coordinating of waqf, wasiyyah and faraid could ease burden of the owner and heirs as well as could reduce issues of frozen assets to the lowest level.
Description
Australian Journal of Basic and Applied Sciences, 9(37) Special 2015, Pages: 304-309
Keywords
Wealth distribution,, waqf,, wasiyyah and faraid.