TY  - JOUR
T1  - A Framework Study of Islamic Real Estate Management for
Property Inheritance in Malaysia
AU - Shafie, Fazira AU - Yusoff, Wan Zahari Wan AU - Al-Edrus, Syed Muhammad Dawilah 
JO  - Journal of Engineering and Applied Sciences
VL  - 12
IS  - 7
SP  - 1710
EP  - 1714
PY  - 2017
DA  - 2001/08/19
SN  - 1816-949x
DO  - jeasci.2017.1710.1714
UR  - https://makhillpublications.co/view-article.php?doi=jeasci.2017.1710.1714
KW  - Estate administration and distributions
KW  -inheritance
KW  -Islamic Real Estate
KW  -property
KW  -real estate management
AB  - This study has discussed on challenges and problem in managing inheritance properties. The biggest challenges is to create awareness of the need for estate planning as many Muslims have the mistaken notion that they need not do anything as their assets will be distributed in accordance with faraid rules. Now a days, the issues pertaining to the high number of unclaimed inheritance properties and the volume of freezing assets faced by Muslims have increased from RM40 billion in 2009-RM42 billion in 2011 and subsequently increased to RM60 billion in 2013. These valuable assets have been frozen and are counterproductive. Planning and managing wealth distribution play an important role to avoid assets from continuously remaining frozen. The accumulations of unclaimed properties inheritance have become a serious issue that needs to be solved immediately. Therefore, there is a need to take a drastic action to find a comprehensive solution and alternatives for solving this issue. Hence, an effective asset management and an efficient of estate planning towards property inheritance must be practiced wisely to ensure a smooth operation of the estate administration based on the principles and basic concepts that have been created as well as to the existing laws. A research methodology for this study is through reviewing and identifying on existing related literatures in inheritance property in Malaysia from various dimensions. This study aims to develop a framework of Islamic Real Estate management for property inheritance in Malaysia. The focuses of estate administration for property inheritance among the Muslim become initial approaches to develop the framework. The proposed framework is structured through questionnaires distributed to community as the main client in order to investigate estate administrators and legal practitioner’s view about the estate administration for property inheritance. The outputs from the respondents will be analyzed. This result is expected to become an initial assessment of estate management critical factors for inheritance property in Malaysia and concurrently contribute to enhance the quality of estate administration and distribution.
ER  -