Table 4. Results of best-practised... | Emerald Publishing

Table 4.

Results of best-practised themes of industry respondents

Theme	Industry 1	Industry 2	Industry 3
(1) Who should do estate planning?	Muslims that have many assets and debts	All Muslims	Muslims, especially those:
			with adopted child
			with daughters only
			with grandchildren
			with multiple wives
			who are muʾallaf (converts to Islam)
(2) When to start planning?	As early as possible	As early as possible	As early as possible
(3) Documents required	Estate documents	Complete documents	Original documents
(4) Preparations before execution of planning	Start by analysing farāʾiḍ	List all assets	List all assets to be included in the planning
	List assets and debts
(5) Requirement to assign power of attorney or executor	Appointment of waṣī	Appointment of waṣī or trustee	Appointment of waṣī
(6) Cost of preparing the planning document	General – RM250	Minimum – RM5,000	Divided into two charges:
	With hibah – RM300	Wasitah (mediator) – not more than RM10,000 using the tabarruʿ (charity) concept (15 years only)	Below RM2m
	Any change – add RM50 for each	Open document (Prahibah) – RM1,600	Above RM2m
(7) Conditions that must be met during execution of planning	No coercion and must be voluntary	No coercion	Voluntary

Theme	Industry 1	Industry 2	Industry 3
(1) Who should do estate planning?	Muslims that have many assets and debts	All Muslims	Muslims, especially those:
			with adopted child
			with daughters only
			with grandchildren
			with multiple wives
			who are muʾallaf (converts to Islam)
(2) When to start planning?	As early as possible	As early as possible	As early as possible
(3) Documents required	Estate documents	Complete documents	Original documents
(4) Preparations before execution of planning	Start by analysing farāʾiḍ	List all assets	List all assets to be included in the planning
	List assets and debts
(5) Requirement to assign power of attorney or executor	Appointment of waṣī	Appointment of waṣī or trustee	Appointment of waṣī
(6) Cost of preparing the planning document	General – RM250	Minimum – RM5,000	Divided into two charges:
	With hibah – RM300	Wasitah (mediator) – not more than RM10,000 using the tabarruʿ (charity) concept (15 years only)	Below RM2m
	Any change – add RM50 for each	Open document (Prahibah) – RM1,600	Above RM2m
(7) Conditions that must be met during execution of planning	No coercion and must be voluntary	No coercion	Voluntary