The Importance Of Islamic Estate Planning

Estate planning is a vital but often forgotten element in a Muslim’s financial plan. We usually spend the most of our time building and protecting our assets but usually forget the last part which is legacy planning. According to the Malaysian Institute of Estate Planners, 80% of Malaysians do not possess valid wills, with many having no idea what happens if their wishes aren’t followed after death. Ahmad Shareza, Head of Islamic Wealth Management and Business Development from Maybank Islamic talks about the importance of Islamic estate planning, what are some of the issues that could crop up, and how Maybank Islamic Wealth Management can assist you.