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Showing posts from December, 2024

KLBC Activities Report For November 2024

5 November 2024 Principles Of Trust Hibah According To Syariah Regulatory And The NLC Organised by the Professional Development Committee, this webinar was presented by Murshidah Mustafa. The webinar covered the following areas: (i) “What is a Trust?” – Definition, purpose, and components of a trust (settlor, trustee, and beneficiary); (ii) “What is Hibah?” – Understanding Hibah as a gift under Islamic law and its components (giver, recipient, property, and offer/acceptance); (iii) “Trust & Hibah” – Principles and the formation of Trust Hibah through Hibah and Trust contracts; (iv) “Drafting Syariah-compliant documents” – Ensuring compliance with Islamic law and the National Land Code; (v) “Legal frameworks and disputes” – Key case laws such as Abu Bakar Mohd Isa v. Rosnani Awang (2016), and the interplay between civil and Syariah courts; (vi) “Applications of Trust Hibah” – Practical steps for estate planning to avoid disputes and ensure proper asset distribution during a lifetime...