Setting up a Trust as a Muslim in Singapore: The what and why
Most of us Muslims roughly understand that when we pass away, our estate is distributed through faraid and additional wealth distribution instruments such as Hibbah and wasiat. There’s another instrument that we Muslims in Singapore should consider when thinking about our wealth planning after death – Trusts. It can be used to decide and facilitate the distribution of your assets to specific people, with specific conditions decided by you, and with no limit to the amount.