Planning Beyond Faraid: Modern Estate Planning Solutions for Muslims (PBF)
Generic Competencies Category: Critical Core Skills under Decision Making (2 CPD training hours awarded, subject to KEO’s approval)
Course Duration: 2 hours
Funding available: Not Eligible for UTAP funding
Course Synopsis:
While Faraid provides a framework for the distribution of a Muslim’s estate, there are additional estate planning tools available that can help individuals achieve their specific family and financial objectives. This course examines how instruments such as Wills, CPF nominations, insurance nominations, property ownership structures, Hibah arrangements, and Lasting Power of Attorney (LPA) can complement Faraid principles within Singapore’s legal framework.
Participants will gain a clearer understanding of what can and cannot be distributed through a Will, the impact of joint ownership arrangements, and the role of nominations in succession planning. The course highlights practical considerations for Muslims seeking to balance religious obligations with personal estate planning goals.
Course Outline:
By the end of the session, learners will be able to: –
- Understand the limitations and scope of Faraid in estate distribution.
- Identify assets that may fall outside Faraid distribution.
- Explain the role of Muslim Wills and their legal restrictions.
- Differentiate between joint tenancy and tenancy-in-common ownership structures.
- Understand the impact of CPF and insurance nominations on estate distribution.
- Recognise the role of Hibah and other estate planning instruments.
- Appreciate the benefits of integrating LPA and other planning tools into a comprehensive estate strategy.
ABOUT THE TRAINER
Mr Mohammed Shakirin
Shakirin is an Advocate & Solicitor of the Supreme Court of Singapore and the Managing Director of Adel Law LLC. His areas of practice include conveyancing, property law, commercial and civil disputes, family law, criminal matters, and corporate advisory work.
He holds a Bachelor of Laws (Hons) from the National University of Singapore, a Master of Science in Economic History from the London School of Economics, and a First Class Honours degree in Economics from the University of London.
Prior to legal practice, Shakirin taught undergraduate students in Singapore. Combining legal expertise with teaching experience, he is known for presenting complex legal concepts in a practical, clear, and engaging manner, enabling learners to apply legal principles confidently in real-world situations.