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Friday, September 24, 2010

New fatwa gives more options on inheritance - Muis revises CPF options


'The decision on which approach to take, or to take both approaches, should be based on the condition of his or her beneficiaries and who among them needs the money the most,' said the fatwa in Malay signed by Mufti Syed Isa Semait.

THE Islamic Religious Council of Singapore (Muis) has revised a 40-year position on Central Provident Fund nominations, a move that will give Muslims more options on who can inherit their CPF savings.

In its new religious ruling, Muslims who wish to follow Islamic law can nominate a spouse or needy family member to inherit a larger portion or even their entire CPF savings, its fatwa or legal committee announced on Thursday.

At the same time, they can choose not to make a nomination, in which case their savings would be distributed according to Islamic inheritance laws. MORE

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