Conceptual Study: Barriers of Islamic Estate Planning

Abstract

The importance in the Islamic estate planning of Hibah toward the economic development and standard living among Muslim society has not been denied and left out. If, the estate planning being implemented, done by systematically and organized, the used of wealth and property will be enjoying and continue by the society without being left, outstanding, or even frozen. Furthermore, it will help in increasing the economic when circulation and increasing in wealth is well known and implemented. Frozen in the estate being most crucial and important, especially among Muslim society as long it is under Hibah concept. According to Zainol, Nizam, & Ab Rashid, (2016), in Malaysia, there is still lack and interested specially among Muslim society in estate planning. In addition, Buang, (2007) stated that there are still unconsciousness and willingness of the society to make estate planning during the life time for their next heritage. Furthermore, statistic from Ghul, Yahya, & Abdullah, (2015), reported there is more than RM 60 billion did not claim by the beneficiaries. The failure in the inheritance claims showed that the awareness of estate planning is weak among the society. Stresses by Mohammad, (2015), Hibah is an imperative tool to be implemented more to avoid any disputation among the inheritance as it contributes to frozen estate glitches. Agreed by (Kamarudin & Alma’mum, 2013; Mujani, Rashid, Wan Hussain,& Yaakub, 2012; Rasyid & Ahmad, 2013), the need among Muslims in Malaysia donors to be encouraged during their lifetime and make it easy with the estate planning. Thus, lack of awareness of estate planning has raised on what factors effected on main contribution towards behaviour among the society of Malaysian citizen. Therefore, this study will explore the determine factors influence to the estate planning, especially among Muslim society and mentioned by Ahmad, (2014), behaviours as under the administration of Islamic property in Malaysia is governed by rule of Fara’id and it need to certain no harm created in society. Supported by Wan Kamal Mujani, Rusnadewi Abdul Rashid, (2011), that the phenomenon invites concerns as gives the bad consequences to the society and nation. He also mentioned that the lack and delay on the distribution to the heirs amongst the contribution outstand