Wiṣāyah Dan Amanah: Analisis Perbandingan Undang-Undang Syariah Dan Sivil Dalam Perancangan Harta Pusaka

Abdullah, Muhamad Mu'izz; Awang, Abdul Bari; Muhammad, Nasrul Hisyam Nor

doi:10.22452/js.vol28no2.2

Cited by 3 publications

(5 citation statements)

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“…Numerous studies on waqf have been done, but studies on the trust instrument are still given less special attention by the Muslim community in Malaysia (Abdullah et al , 2020; Awang et al , 2022). There is no denying that trust is as important as waqf.…”

Section: Discussionmentioning

confidence: 99%

“…Thus, there are three recommendations for the implementation of the trust instrument to fully meet the requirements of Shariah Law (Abdullah et al , 2020): Hibah Inter Vivos: To prevent any exploitation of the trust property by the donor, the use of Hibah Inter Vivos is proposed in lieu of the existing trust instrument contract. Withdrawal or cancellation of contract is also not allowed, except from a parent to the son.…”

Section: Introductionmentioning

confidence: 99%

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Analysis of trust instrument in Islamic estate planning: a study case at Amanah Raya Berhad, Malaysia

Abdullah

Awang

Zakaria

2023

JIABR

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Purpose This study aims to analyse the mechanism of trust instrument from a Shariah point of view. Analysis of the mechanism would determine the extent to which its implementation can resolve estate planning issues such as frozen estate and the issue of naming beneficiaries under the age of 18. Design/methodology/approach This is a qualitative study method through library research. To explore the mechanism of trust instrument, an in-depth interview with five participants using purposive sampling and analyses of documents were used. The selection of this sample allows the researcher to obtain specific data in their field of expertise. Therefore, two officers from the Trust Administration Department of Amanah Raya Berhad (ARB) and three Shariah advisors from ARB (MPS ARB) were interviewed to find out the mechanism of trust instrument from the Shariah perspective. The researcher also referred to the trust deed documents, ARB company policies, field case studies such nomination cases and trust accounts, articles and court cases. Findings The trust instrument meets Shariah requirements even though it is based entirely on the Civil Law. The comprehensive and flexible features of trust deeds can help donors to plan systematically during their lifetime. Research limitations/implications This study only focuses on the trust instruments that are currently being implemented in the ARB. Five trust products were analysed to achieve the objectives of the study, namely, the Normal Trust, Safecare and Safecare Premium, Takaful Care, Hibah (literally “gift”) as well as Trust and Declaration of Hibah. Practical implications The implementation of trust instrument at an early stage can ensure the property is well managed through a trust deed, guarantee the life of the beloved heirs after the death of the donor and prevent the property from being frozen. Originality/value This study comprehensively describes the trust instrument from the Shariah perspective and its implementation mechanism in the industry.

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Analysis of trust instrument in Islamic estate planning: a study case at Amanah Raya Berhad, Malaysia

Abdullah

Awang

Zakaria

2023

JIABR

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“…In accordance with the present need to coordinate the administration of Islamic matters, the state government has separated the role and responsibilities of three key institutions: the Council or Religious Department, the Mufti Department, and the Syariah Court. This is made possible by the refinement of the parent legislation (administrative Syariah law), which defines the roles of the three institutions involved: the state Islamic Religious Council is the primary authority in religious affairs, the Syariah Court regulates the administration of justice, and the Syariah Council aids and advises the Yang di-Pertuan Agong or the Sultan on topics pertaining to Islam in the state save for questions of Syariah law (Abdullah et al, 2020c). Due to this power structure, the Majlis Agama Islam Negeri (MAIN) is referred to as the sole trustees involving waqf property, vows and trusts of Muslims in Malaysia.…”

Section: Al-wiṣāyah and The Administration Of Islamic Law In Malaysiamentioning

confidence: 99%

“…The trust property includes both moveable and immovable assets. Muhamad Mu'izz Abdullah, Abdul Bari Awang, and Nasrul Hisyam Nor Muhammad asserted in their writings that despite the fact that the term al-wiṣāyah is not explicitly mentioned in the state statute, the notion of its application is evident from the laws therein (Abdullah et al, 2020c). Section (VI): "Maintenance of Wife, Children, and Others," and Section (VII): "Rights of Custody," are cited as examples of places where the notion of al-wiṣāyah is implied in the Islamic Family Law Act (Federal Territory) of 1984.…”

Section: Al-wiṣāyah and The Administration Of Islamic Law In Malaysiamentioning

confidence: 99%

Al-Wisayyah in The Islamic Estate Planning: The Malaysian Perspective

Shith

Adilii²,

Putera

et al. 2022

MJSSH

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The considerable increase in the amount of unclaimed inheritance or the value of the deceased's frozen assets over time is a contentious topic among the Muslim community of Malaysia, and it must be emphasised. It is likely that the impression and misunderstanding of the Muslim community regarding the planning, management, and administration of the deceased's property, particularly regarding the appointment of property administrators through the Islamic concept of al-wiṣāyah, has contributed to the neglect of this topic. This study therefore, aimed at analysing the practice of al-wiṣāyah in Malaysia and the impediments in implementing it as an alternative to Muslim estate planning. Adopting the qualitative approach of document review, systematic collection, documentation, analysis and interpretation, and organization of primary and secondary data was conducted. The data was then subjected to content analysis in organizing and eliciting meaning from the data collected and to draw realistic conclusions from it. It is hoped that this study is able to shed light on the concept of al-wiṣāyah in Malaysia, subsequently providing a clear insight and the extent to which its application in Malaysia conforms to the al-maqāṣid al-syar 'iyyah for the good of Muslims. This study also presents recommendations to the Muslim community pertaining the importance of al-wiṣāyah in the present day, where Islamic law is beginning to experience an era of codification that, to some extent, will cause difficulties in the management and administration of the deceased's property.

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“…Misalnya laki-laki menggunakan kain Samarinda karena penggunaan sutra dilarang dalam Islam (Nazirah, 2014). Perintah Umum, Materi 6, Divisi Tata Busana, Peraturan Pejabat Publik (Perilaku dan Disiplin) 1993 yang mulai berlaku pada 15 Desember 1993 juga menegaskan keharusan berbusana sopan yang menjadi bagian dari etika resmi negara Malaysia sebagai hasil dari pengaruh peradaban Islam (Abdullah & Raihanah, 2010).…”

Section: Pengaruh Islam Dalam Kebudayaan DI Malaysiaunclassified

Sejarah Peradaban Ekonomi Islam Di Malaysia

Nur Amalia,

Saefuloh

2021

JPN

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Malaysia adalah salah satu Negara di kawasan Asia Tenggara yang cukup maju dalam perkembangan ekonomi Islam, dibandingkan dengan Negara-negara Asia Tenggara yang lain. Sebagai sebuah Negara yang amat dekat baik secara geografis, historis, dan kultural, umat Islam di Indonesia perlu mengetahui perjalanan sejarah peradaban ekonomi Islam di Malaysia dalam rangka studi komparasi. Dengan infrastruktur regulasi yang lengkap dan dukungan dari pemerintah, Malaysia dapat dikatakan sukses menjadikan Islamic finance sebagai Branding dalam tataran global. Negara tersebut sukses mengembangkan market share perbankan syariah mencapai sekitar 24% selama 30 tahun. Pendekatan dalam kajian ini menggunakan studi kepustakaan dari berbagai referensi berupa buku dan artikel ilmiah yang berkaitan dengan sejarah peradaban ekonomi Islam di Malaysia. Kata Kunci : Peradaban, Ekonomi Islam, Malaysia

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Wiṣāyah Dan Amanah: Analisis Perbandingan Undang-Undang Syariah Dan Sivil Dalam Perancangan Harta Pusaka

Cited by 3 publications

References 0 publications

Analysis of trust instrument in Islamic estate planning: a study case at Amanah Raya Berhad, Malaysia

Analysis of trust instrument in Islamic estate planning: a study case at Amanah Raya Berhad, Malaysia

Al-Wisayyah in The Islamic Estate Planning: The Malaysian Perspective

Sejarah Peradaban Ekonomi Islam Di Malaysia

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