The adoption of Wasiyyah among urban muslims in Wilayah Persekutuan Kuala Lumpur / Nurliyana Jamaluddin

The issue of unclaimed and frozen assets in Malaysia is still left idle and unproductive. The frozen assets occurred are because Malaysian muslims hold a perception that the function of Islamic estate planning only comes into play when there is an intention and planning to make Wasiyyah for the purp...

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Main Author: Jamaluddin, Nurliyana
Format: Student Project
Language:English
Published: Faculty of Business and Management 2018
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/28117/1/PPb_NURLIYANA%20JAMALUDDIN%20BM%20J%2018_5.pdf
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author Jamaluddin, Nurliyana
author_facet Jamaluddin, Nurliyana
author_sort Jamaluddin, Nurliyana
collection UITM
description The issue of unclaimed and frozen assets in Malaysia is still left idle and unproductive. The frozen assets occurred are because Malaysian muslims hold a perception that the function of Islamic estate planning only comes into play when there is an intention and planning to make Wasiyyah for the purpose of charity or nonheirs (Ahmad & Peyman, 2008). It seems only those who are leaving the estates and those who probably receiving the inheritance aware the importance of Islamic estate planning (ZAR Perunding Pusaka, 2004). As an addition, The Star reported that the figure of unclaimed and frozen estate rapidly increased from RM42 billion in 2011 to RM52 billion in 2012. The latest update by Deputy Minister of Natural Resources, the number of unclaimed and frozen estate still increasing as now stood at about RM60 billion. The statistics from Syariah Judiciary Department Malaysia stated RM66 billion inheritance claims are still frozen in 2013. The continuous increasing of unclaimed and frozen asset showed that the implementation of wasiyyah in Malaysia is still lag. According to Kamarudin & Alma'mum (2013), muslims in Malaysia are still lack of attentiveness in planning their properties in their life. Thus, this research is conducted to understand the adoption of Wasiyyah among urban muslims in Wilayah Persekutuan Kuala Lumpur.
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spelling uitm.eprints-81172020-03-09T06:42:23Z https://ir.uitm.edu.my/id/eprint/28117/ The adoption of Wasiyyah among urban muslims in Wilayah Persekutuan Kuala Lumpur / Nurliyana Jamaluddin Jamaluddin, Nurliyana Inheritance and succession (Islamic law) The issue of unclaimed and frozen assets in Malaysia is still left idle and unproductive. The frozen assets occurred are because Malaysian muslims hold a perception that the function of Islamic estate planning only comes into play when there is an intention and planning to make Wasiyyah for the purpose of charity or nonheirs (Ahmad & Peyman, 2008). It seems only those who are leaving the estates and those who probably receiving the inheritance aware the importance of Islamic estate planning (ZAR Perunding Pusaka, 2004). As an addition, The Star reported that the figure of unclaimed and frozen estate rapidly increased from RM42 billion in 2011 to RM52 billion in 2012. The latest update by Deputy Minister of Natural Resources, the number of unclaimed and frozen estate still increasing as now stood at about RM60 billion. The statistics from Syariah Judiciary Department Malaysia stated RM66 billion inheritance claims are still frozen in 2013. The continuous increasing of unclaimed and frozen asset showed that the implementation of wasiyyah in Malaysia is still lag. According to Kamarudin & Alma'mum (2013), muslims in Malaysia are still lack of attentiveness in planning their properties in their life. Thus, this research is conducted to understand the adoption of Wasiyyah among urban muslims in Wilayah Persekutuan Kuala Lumpur. Faculty of Business and Management 2018 Student Project NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/28117/1/PPb_NURLIYANA%20JAMALUDDIN%20BM%20J%2018_5.pdf The adoption of Wasiyyah among urban muslims in Wilayah Persekutuan Kuala Lumpur / Nurliyana Jamaluddin. (2018) [Student Project] (Unpublished)
spellingShingle Inheritance and succession (Islamic law)
Jamaluddin, Nurliyana
The adoption of Wasiyyah among urban muslims in Wilayah Persekutuan Kuala Lumpur / Nurliyana Jamaluddin
title The adoption of Wasiyyah among urban muslims in Wilayah Persekutuan Kuala Lumpur / Nurliyana Jamaluddin
title_full The adoption of Wasiyyah among urban muslims in Wilayah Persekutuan Kuala Lumpur / Nurliyana Jamaluddin
title_fullStr The adoption of Wasiyyah among urban muslims in Wilayah Persekutuan Kuala Lumpur / Nurliyana Jamaluddin
title_full_unstemmed The adoption of Wasiyyah among urban muslims in Wilayah Persekutuan Kuala Lumpur / Nurliyana Jamaluddin
title_short The adoption of Wasiyyah among urban muslims in Wilayah Persekutuan Kuala Lumpur / Nurliyana Jamaluddin
title_sort adoption of wasiyyah among urban muslims in wilayah persekutuan kuala lumpur nurliyana jamaluddin
topic Inheritance and succession (Islamic law)
url https://ir.uitm.edu.my/id/eprint/28117/1/PPb_NURLIYANA%20JAMALUDDIN%20BM%20J%2018_5.pdf
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