Mindset of Success in Muslim’s wealth and estates

The way we think plays a crucial role in achieving success in Estate Planning. We delay creating an estate plan because we are uncomfortable thinking about our death. It’s common to believe that estate planning is only for the elderly or those with significant wealth, but the reality is that unexpected events can happen to anyone, regardless of age or circumstances. Being prepared is essential. While most people associate estate planning with managing wealth, it actually extends far beyond wealth. It covers many important aspects, such as legal matters, your faith, personal values, family dynamics, medical decisions, taxes, and even relationships and marriage. Estate planning is about protecting everything you have worked for decades, including the time, effort, and love you have poured into your life and family. Every decision you make can have a profound impact on your future and the future of those you care about. To gain more insight, watch this Inspirational Video. The following topics are as crucial for Muslim estate planning as any other tasks we do every day.

Attitude

Many of us often fear the secular world more than our faith, whether due to cultural influences, media, or other external pressures. This distorted attitude towards faith leads us to prioritize worldly concerns over spiritual obligations, including the important matter of Islamic Estate Planning. As a result, we neglect to fulfill our religious duties, choosing instead to follow personal desires under the excuse of fearing secular consequences more than the obligations set by Shariah. This mindset hinders our ability to properly manage our affairs in line with Islamic principles. It reflects a deeper issue of misplaced priorities—allowing external fears to overshadow our commitment to spiritual responsibility. To rectify this, we must realign our mindset, acknowledging that fulfilling our faith-based duties is not just an obligation but a path to true peace and success far beyond the material world. Read Wake-up Calls for Muslims.

Control

You are in total control of wishes, values, and wealth until mental incapacity or death. If you do not control, government authority will have to control your estates in their way (e.g., Intestacy laws). You will allow big compromises of faith (i.e., Shariah), losing control to others for nothing. Creating an improper estate plan is equal to nothing. Delaying estate plans creation is nothing but risking your wishes, preferences, and faith. So, the time is yours, and create your strong, solid, and smart Estate Plans here. Read Why should you create a solid Islamic Estate plan?.

Wealth

For Muslims, wealth must be acquired through pure, lawful means, free from anything forbidden means, such as Riba (Interest) or other unlawful earnings. This principle underscores the importance of ensuring the spending of wealth and distribution in accordance with Islamic principles without losing meaning in impure wealth. The next critical consideration is the fair and just treatment of family members, particularly Parents, Spouse and Children, in matters related to wealth and estate. It is an obligation to provide for them in a manner that aligns with both their rights and your responsibilities as a family member under Shariah. Equally significant is the way we handle our estates after death. As Muslims, we must recognize that the wealth we accumulate in this world is ultimately not ours to keep; it belongs to Allah (Subhanahu wa Ta ala). Our wealth transforms into an estate that is meant to be distributed according to Shariah (i.e., Islamic law), not merely in line with personal desires or family expectations. This is explicitly outlined in the Holy Quran, particularly in Surah An-Nisa (4:11-14), which details the distribution of inheritance based on divine decree. The Process of Distributing an estate in accordance with Shariah is not only a spiritual obligation but a form of Purification from sin. It is an opportunity to seek the pleasure of Allah (Subhanahu wa Ta ala) and ensure that our actions in life, including in death, reflect our commitment.

Inheritance

Wealth becomes Estate (i.e., Inheritance) after death. In estate plans (e.g., Islamic Wills, Trust or Waqf, and Letter of Wishes), you can express wishes about fulfilling of Islamic Inheritance Law. You can calculate Islamic Inheritance Here in moments. But, you cannot fully discover the beauty of Islamic Inheritance until you learn. Islamic Inheritance law is one of the most Studied and Admired topic globally. Read Inspirational blogs about Islamic law. You can learn Islamic Inheritance Law through Blog Here and Course Here.

Estate planning

The area of estates do require careful planning and diligence, especially for those with substantial wealth or complex international assets. The Estate Planning can range from relatively simple to highly intricate, depending on the size and scope of assets. For millionaires or billionaires with national and international holdings, the process becomes even more complex, requiring advanced strategies to ensure full compliance with Islamic law. Ultimately, managing wealth and estates in Islam is not simply about securing financial stability for heirs but ensuring that ones actions align with the greater purpose of salvation (najaat). Thus, Wealth must always be handled with a sense of responsibility, accountability, and a deep commitment to fulfilling moral and religious obligations.