Executorship & Estate Administration
An executor is a person appointed in a Wasiat to carry out the testator’s wishes and instructions. However as an individual, the executor may fall sick, pass away or decide not to act. Hence, to ensure the continuity of the administration of the estate, it is clearly more advantageous to appoint a corporate body to be an executor instead relying on an individual.
as-Salihin is a trust corporation and it can be appointed as an executor. as-Salihin is ensuring that distribution of the estate will be executed properly and smoothly.
While some may think Wasiat-writing is merely optional, choosing an executor is not to be taken lightly and requires careful consideration.
The Importance of Appointing an Executor.
Advantages of Appointing as-Salihin
as-Salihin is incorporated under the Companies Act 1965 (amended Companies Act 2016) and is registered under the Trust Companies Act 1949. It is bound to abide by stringent statutory provisions that have been legislated for the protection of beneficiaries under its wings. It has perpetual succession and need not produce sureties to act as your Executor or Substitute Executor.
Appoint as-Salihin as your Executor or as the substitute Executor when writing your Wasiat, and you can be certain that with its team of Syariah and legal experts as well as the support by its Syariah Board of Advisors, it will carry out your wishes to the letter and ensure continuity in the administration process until the final distribution.