Leave a Legacy
“It is a duty of a Muslim who has anything to bequeath not to let two nights pass without including it in his Will."
By making an Islamic Will you will be fulfilling an important Islamic obligation. Choosing to include a charitable bequeath in your Will ensures your good deeds continue to benefit you, even after your passing. Apart from the religious obligation, it is also beneficial because you leave behind a lasting legacy that can benefit humanity.
The Benefits of Leaving a Charitable Bequest
All bequests to charities are exempt from inheritance and capital gains tax, so the benefits of leaving to charity include both the Islamic rewards and a possible financial benefit to your heirs. If your estate is liable to inheritance tax (see page 8 of the Preparing an Islamic Will guide), you could reduce the amount due by choosing to give money to charity.
You can do this through your Will or by a declaration to the executors or personal representatives giving instructions as to how you would like your legacy to be distributed. Gifts made to a charity in the seven years before your death are exempt from inheritance tax (1st Ethical Wills guide).
A gift in your Will to Muslim Aid could be tax free for us and, in some circumstances, reduce the amount of inheritance tax your loved ones are liable for. If you would like more information, please visit the HMRC website.
By including Muslim Aid in your Will, you will be making sure your inheritance lives on long after you depart, creating waves of change.
From a Shari’ah perspective, the correct distribution of assets is a compulsory (Fardh) obligation on a person and is stated in Surah Al-Nisa: 11-12. In order for one's assets to be distributed correctly upon death, most scholars maintain it is an obligation to prepare a legally valid Will so that the family of the deceased are left without any doubt.
The implications of passing away without a Will in Britain are further complicated by the ‘Laws of Intestacy’ which are enforced without the presence of a Will and if the family are unable to resolve the distribution of assets. Where the ‘Laws of Intestacy’ are concerned, assets are distributed according to English law which differs from Shari’ah principles. If you require more information on the Shari’ah perspectives, please refer to the 1st Ethical Islamic Wills guide or contact an Islamic Scholar.
With your legacy, you can empower and transform lives across the world. Here are some of the projects that your gift can help to develop: