Islamic Estate Planning in Malaysia: The Dilemma (The Dilemma Perancangan Harta Islam di Malaysia: Satu Dilema)

Authors

  • Azi Haslin Abdul Rahman PhD’s degree candidate, IIUM Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia.
  • Rusni Hassan Prof. Dr, IIUM Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia.

DOI:

https://doi.org/10.31436/jia.v17i2.963

Abstract

Islamic estate planning is very important in the life of any Muslims. Indeed, those Muslims who pass away and do not have proper planning on their estate indirectly breaching the bequest guidance as stated in the Qur’an which are the main source of reference for a Muslim life. Regrettably, the noble spirit of Islam is not well accepted, and many are not concerned with arranging their estate thus triggering enormous family debates and increase the unclaimed property after the deceased’s death. The present-day affairs of Islamic estate planning in Malaysia is still not encouraging despite the efforts by relevant institutions and industry players to expand the industry. The initiative was undertaken by the government to form a national institution known as Amanah Raya Berhad and followed by participation of private Islamic estate planning companies to provide estates planning related services. However, thus far only 700,000 individuals have declared wasiyyah as compared to the majority of Muslims among the 30 million Malaysians. The outstanding differences among subscribers of the services and who do not subscribe, open up to a real dilemma within the area of Islamic estate planning. This is the subject that motivates the researcher to study the issues in Islamic estate planning in Malaysia. The purpose of this study is to examine the dilemma faced by the industry practitioners. This research is qualitative in nature relying on the existing literatures from internet website, document analysis and library literature. The scope of this study is relevant and pertinent to the overall Islamic estate planning industry development thus, intended to put forward recommendations for enhancement of Islamic estate planning in Malaysia including the possibility of establishing Shari’ah advisory framework for the Islamic estate planning institutions.

Keywords: Islamic estate planning, Dilemma, Issues, Inheritance, Malaysia.

Abstrak

Perancangan harta Islam adalah sangat penting dalam kehidupan orang Islam. Bagi orang Islam yang meninggal dunia dan tidak merancang sebaiknya harta peninggalan mereka, dalam erti kata lain individu terbabit telah melanggar garis panduan yang telah ditetapkan di dalam Qur’an yang merupakan panduan utama bagi kehidupan seseorang yang beragama Islam. Prinsip utama panduan kehidupan sehingga peringkat kematian yang bersifat menyeluruh yang ditekankan oleh agama Islam nyata gagal diterima sepenuhnya oleh umat Islam yang akhirnya menyebabkan sebahagian dari mereka tidak merancang pengagihan harta setelah kematian. Situasi ini menyebabkan wujudnya perdebatan antara ahli keluarga atau waris yang berhak dan ini menjadi faktor kepada harta tidak dituntut setelah kematian seseorang individu. Perkembangan semasa pengurusan harta pusaka di Malaysia masih tidak menggalakkan walaupun pelbagai usaha telah dilaksanakan oleh pihak berwajib dan pemain industri. Inisiatif awal telah dibuat oleh pihak Kerajaan Malaysia dengan menubuhkan institusi dikenali sebagai Amanah Raya Berhad serta seterusnya kemunculan pelbagai pemain industri swasta dalam menyediakan khidmat pengurusan harta pusaka serta yang berkaitan. Namun demikian, sehingga kini, sejumlah 700,000 individu sahaja telah melaksanakan deklarasi wasiat berbanding bilangan umat Islam di Malaysia yang mencecah 30 juta orang. Perbezaan yang amat ketara ini berhubung individu beragama Islam yang mempunyai wasiat dan yang tidak berwasiat membuka kepada persoalan apakah dilema yang dihadapi dalam pengurusan harta Islam di Malaysia. Objektif kajian adalah untuk mengenalpasti dilema yang dilalui para pengamal industri. Kajian ini bersifat kualitatif dan bersumberkan literatur sedia ada yang dirujuk menerusi laman internet, analisis dokumen dan carian di perpustakaan. Skop kajian ini adalah sangat relevan dan bertepatan dengan keperluan dan perkembangan industri pengurusan harta pusaka. Kajian ini juga bertujuan untuk menyediakan cadangan bersesuaian bagi kemajuan pengurusan harta pusaka berdasarkan kaedah Islam dengan kemungkinan mewujudkan kerangka khidmat nasihat berlandaskan Shari’ah bagi institusi pengurusan harta pusaka Islam.

Kata kunci: Perancangan harta pusaka, dilema, isu, harta warisan, Malaysia.

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Published

2020-09-17

How to Cite

Abdul Rahman, A. H. ., & Hassan, R. (2020). Islamic Estate Planning in Malaysia: The Dilemma (The Dilemma Perancangan Harta Islam di Malaysia: Satu Dilema). Journal of Islam in Asia (E-ISSN 2289-8077), 17(2), 238–268. https://doi.org/10.31436/jia.v17i2.963