Trusteeship
A Trust is a legal obligation that comes into existence when an individual or other legal entity ("the settlor") transfers the legal ownership of his assets to another person or persons ("the trustees") to hold for the benefit of other person or persons ("the beneficiaries").
>> A Trust that takes effect only upon the death of the Settlor invariably invokes the rigid operation of the Faraid Rules.
>> To avoid such process and remain Islamic-compliant, as-Salihin Trusts are structured so as to take effect immediately, although the total benefits thereof are staggered through the years.
>> At as-Salihin we offer Trustee service in the areas of education, maintenance, corporate, charity and insurance/takaful.
Benefits of creating a trust
1. Trust property is not considered part of the Settlor's estate.
>> Will not be frozen upon the death of settlor.
>> No need to obtain court order to administer.
>> Takes effect immediately according to terms and conditions in the Trust Deed.
2. You decide on the terms of the distribution and these are not subject to Faraid.
3. There is no limit as to the amount you can place in a trust and your beneficiaries can be anyone, Muslim or non Muslim alike.
4. As we are governed by the Trustee Act 1949 and the terms of the Trust Deed.
>> We will manage and administer the trust assets independently and in accordance with the law.
>> The trust fund will be utilised only for intended purposes and beneficiaries.
>> Your assets and monies will be professionally managed.
At as-Salihin we offer Trustee services which are truly Islamic and comprehensive in the following areas:
>> Education
>> Maintenance
>> Corporate
>> Charitable
>> Insurance/Takaful
Source: Islamic Estate Planning, as-Salihin Trustee Berhad
Please contact Mansid at abdrahaman@gmail.com (013-366-1242) for more information.
Authorised Estate Planner for as-Salihin Trustee Bhd.
A Trust is a legal obligation that comes into existence when an individual or other legal entity ("the settlor") transfers the legal ownership of his assets to another person or persons ("the trustees") to hold for the benefit of other person or persons ("the beneficiaries").
>> A Trust that takes effect only upon the death of the Settlor invariably invokes the rigid operation of the Faraid Rules.
>> To avoid such process and remain Islamic-compliant, as-Salihin Trusts are structured so as to take effect immediately, although the total benefits thereof are staggered through the years.
>> At as-Salihin we offer Trustee service in the areas of education, maintenance, corporate, charity and insurance/takaful.
Benefits of creating a trust
1. Trust property is not considered part of the Settlor's estate.
>> Will not be frozen upon the death of settlor.
>> No need to obtain court order to administer.
>> Takes effect immediately according to terms and conditions in the Trust Deed.
2. You decide on the terms of the distribution and these are not subject to Faraid.
3. There is no limit as to the amount you can place in a trust and your beneficiaries can be anyone, Muslim or non Muslim alike.
4. As we are governed by the Trustee Act 1949 and the terms of the Trust Deed.
>> We will manage and administer the trust assets independently and in accordance with the law.
>> The trust fund will be utilised only for intended purposes and beneficiaries.
>> Your assets and monies will be professionally managed.
At as-Salihin we offer Trustee services which are truly Islamic and comprehensive in the following areas:
>> Education
>> Maintenance
>> Corporate
>> Charitable
>> Insurance/Takaful
Source: Islamic Estate Planning, as-Salihin Trustee Berhad
Please contact Mansid at abdrahaman@gmail.com (013-366-1242) for more information.
Authorised Estate Planner for as-Salihin Trustee Bhd.
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