Growing and protecting your wealth should be a priority no matter what stage of life you are in. While wealth expansion is accumulating additional assets or wealth, wealth preservation entails safeguarding that wealth in order to avoid losing it. Wealth growth happens as a result of earning returns on your investments, whereas wealth preservation entails efficiently storing it in the form of bonds or other comparable instruments.
Wasiat/Will Writing
Trust Nomination
Hibah
Matrimonial Property (Harta Sepencarian)
A Wasiat is a declaration made during a person's lifetime regarding his property or beneficial rights in it, to be carried out after his death for the purpose of charity or for any other purpose permitted by Islamic Law.
A trust nomination enables you to establish a trust for your beneficiaries, which requires the appointment of a trustee to guarantee that the insurance proceeds are properly administered and dispersed to them.
Hibah is a property transfer without any exchange of consideration, with a specific proposal on the part of the person giving the gift and acceptance on the part of the person receiving the gift.
Harta sepencarian (or matrimonial property) is property acquired jointly by both the husband and wife during the duration of a valid marriage. Each spouse has a legal right to the property, but the right must be asserted in court. As a result, if either of them dies, the surviving spouse is entitled to a portion of the deceased spouse's estate before distribution in accordance with Faraid rules.