Conceptual Study: Barriers of Islamic Estate Planning

Abstract

The estate planning is subset of the financial planningwhich has a direct impact on the individual and the country as well. The objective of this paper is to explore the concept of the Islamic estate planning and its current practice and behavioural factors. The study conducted the observations and descriptive analysis approaches which consist of documents analysis, and observations in few phases. The findings indicate that that the Malaysian have neglected the Islamic estate planning due to lack of awareness even though Quran and Sunnah recommend it.