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Tazkiya™, the first-of-Its-kind estate planning services for Muslims
Islamic Laws of inheritance are governed by the Shari’ah and therefore differ considerably from South African laws. In the Din of Islam, inheritance is stipulated and guided by the Shari’ah. Tazkiya™, powered by Capital Legacy and endorsed by the independent Shariah Supervisory Board, provides the Muslims of South Africa with the first-of-its-kind Shariah-compliant Wills, Family Takaful life cover and estate administration.
Tazkiya continues to add more value to the local Muslim community by introducing a NEW Benefit!
Tazkiya™, the first-of-its-kind Shari’ah-compliant will, family Takaful, Life Cover and Estate Administration offering in South Africa, has been further enhanced by now paying R10 000 towards the costs of burial services for its Muslim clients, at no additional cost.
Fiduciary challenges for Muslim Communities
Shari’ah is an Islamic religious law that governs not only religious rituals, but also the aspects of day-to-day life in Islam. Up until now, there have been very few feasible financial services solutions for South African Muslims who want to honour their Islamic faith in this regard. A Shari’ah compliant will or Islamic Will differs from other Wills in that the beneficiaries are determined on the death of the Testator, rather than being specially identified under the terms of the will drafted during a testator’s lifetime. Check out the latest article by our CEO, Alex Simeonides, to find out more about the fiduciary challenges Muslim communities face, as featured in the FA News magazine! To combat these challenges, we’ve launched 𝗧𝗮𝘇𝗸𝗶𝘆𝗮™ – the first of its kind Shari’ah-compliant Will, Family Takaful and Estate Administration offering in South Africa.
Life Insurance for Muslim Communities
Traditional life insurance does not meet the needs of the Muslim communities in South Africa that wish to honour their Islam belief. Through the Tazkiya™ product and services offering, Capital Legacy meets a very real need in the life insurance industry, helping Clients provide financial sustainability for their families that is free from all undesired financial influences
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https://www.bizcommunity.com/Article/196/738/213418.html
Industry-first financial services solutions for Islamic communities in South Africa – Tazkiya™
As Capital Legacy we will be launching a long-term financial services and products suite, specifically for the Islamic community within South Africa. The Tazkiya™ offering will include the provision of an Islamic Will drafted according to the Hanafi or Shafi’i School of Thought, life cover that meets Quranic principles as well as Estate Administration that honours the Quranic Heirs.
The provision of the entire products and services offering – from the drafting of your Islamic Will to the administration of your Estate according to Quranic principles – has not yet been done through a single financial services provider in South Africa.
Publication: BizCommunity, BizCommunity Capital Legacy Press Office, FA News, Money Marketing
https://moneymarketing.co.za/financial-services-solutions-for-islamic-communities-in-sa-tazkiya/