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Analysing the factors of failure and delay in islamic inheritance distribution at Selangor/ Suria Melati Norizani

The increasing values of unclaimed inherited properties and frozen assets has emerged as one of the protracted issues among Muslims in Selangor and requires emphasis. Abandonment of this subject is most likely due to lack interest and negligence to make a planning, especially from the estate plannin...

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Main Author: Norizani, Suria Melati
Format: Thesis
Language:English
Published: 2019
Subjects:
Finance, Islamic
Online Access:https://ir.uitm.edu.my/id/eprint/56748/1/56748.pdf
https://ir.uitm.edu.my/id/eprint/56748/
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spelling my.uitm.ir.567482022-03-30T08:40:59Z https://ir.uitm.edu.my/id/eprint/56748/ Analysing the factors of failure and delay in islamic inheritance distribution at Selangor/ Suria Melati Norizani Norizani, Suria Melati Finance, Islamic The increasing values of unclaimed inherited properties and frozen assets has emerged as one of the protracted issues among Muslims in Selangor and requires emphasis. Abandonment of this subject is most likely due to lack interest and negligence to make a planning, especially from the estate planning on how to redistribute their assets upon their death. Delays in Islamic inheritance claim become an important issue faced by the majority of Muslims in claiming rights to Islamic inheritance in Selangor. Hence, this will cause an accumulation of unclaimed inheritance and frozen assets which cannot be distributed to deserving heirs. Over the years, claim processes were very problematic and troublesome. There have been increasing trends in volumes of unclaimed property over the years. The increasing number of frozen assets has become unresolved issues faced by the Muslim community in Selangor. Statistics from Amanah Raya Bhd. (ARB) stated that there are RM38 billion in lands and property, RM1.5 billion with Registrar of Unclaimed Monies, RM70 million with the EPF and about a million land titles still in the name of dead people. These showed a serious delay in processing the application for estate's distribution. There are many factors contributing to these delays that have been identified. Although several measures have been used to resolve this problem, the process is still cumbersome. Thus, it is necessary to discover and explore the factors of failure and delay in Islamic inheritance distribution in Selangor. Research methodology for this paper is through questionnaire and interview from a few residents from Selangor. This paper acknowledges that there exists lack of knowledge and understanding among clients and the heirs on processes and procedures to follow, in order to complete a claim submission process, a low awareness, identifies lack of guidelines and fewer officers that manage the inheritance cases to be the main causes of the problem. 2019-01 Thesis NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/56748/1/56748.pdf (2019) Analysing the factors of failure and delay in islamic inheritance distribution at Selangor/ Suria Melati Norizani. Degree thesis, thesis, Universiti Teknologi MARA.
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Finance, Islamic
spellingShingle Finance, Islamic
Norizani, Suria Melati
Analysing the factors of failure and delay in islamic inheritance distribution at Selangor/ Suria Melati Norizani
description The increasing values of unclaimed inherited properties and frozen assets has emerged as one of the protracted issues among Muslims in Selangor and requires emphasis. Abandonment of this subject is most likely due to lack interest and negligence to make a planning, especially from the estate planning on how to redistribute their assets upon their death. Delays in Islamic inheritance claim become an important issue faced by the majority of Muslims in claiming rights to Islamic inheritance in Selangor. Hence, this will cause an accumulation of unclaimed inheritance and frozen assets which cannot be distributed to deserving heirs. Over the years, claim processes were very problematic and troublesome. There have been increasing trends in volumes of unclaimed property over the years. The increasing number of frozen assets has become unresolved issues faced by the Muslim community in Selangor. Statistics from Amanah Raya Bhd. (ARB) stated that there are RM38 billion in lands and property, RM1.5 billion with Registrar of Unclaimed Monies, RM70 million with the EPF and about a million land titles still in the name of dead people. These showed a serious delay in processing the application for estate's distribution. There are many factors contributing to these delays that have been identified. Although several measures have been used to resolve this problem, the process is still cumbersome. Thus, it is necessary to discover and explore the factors of failure and delay in Islamic inheritance distribution in Selangor. Research methodology for this paper is through questionnaire and interview from a few residents from Selangor. This paper acknowledges that there exists lack of knowledge and understanding among clients and the heirs on processes and procedures to follow, in order to complete a claim submission process, a low awareness, identifies lack of guidelines and fewer officers that manage the inheritance cases to be the main causes of the problem.
format Thesis
author Norizani, Suria Melati
author_facet Norizani, Suria Melati
author_sort Norizani, Suria Melati
title Analysing the factors of failure and delay in islamic inheritance distribution at Selangor/ Suria Melati Norizani
title_short Analysing the factors of failure and delay in islamic inheritance distribution at Selangor/ Suria Melati Norizani
title_full Analysing the factors of failure and delay in islamic inheritance distribution at Selangor/ Suria Melati Norizani
title_fullStr Analysing the factors of failure and delay in islamic inheritance distribution at Selangor/ Suria Melati Norizani
title_full_unstemmed Analysing the factors of failure and delay in islamic inheritance distribution at Selangor/ Suria Melati Norizani
title_sort analysing the factors of failure and delay in islamic inheritance distribution at selangor/ suria melati norizani
publishDate 2019
url https://ir.uitm.edu.my/id/eprint/56748/1/56748.pdf
https://ir.uitm.edu.my/id/eprint/56748/
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score 13.211869

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