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islamic economics

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It is written from islamic economics book in my own words

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Islamic Law of Inheritance:
If, despite spending on one's needs, giving it away in Sadaqa and alms, and paying Zakat, wealth
accumulates in one's hand, Islam has adopted another measure: the Law of Inheritance. The
purpose of this law is to redistribute accumulated wealth back into circulation. It breaks up the
estate of the deceased into prescribed shares and distributes them among their near and distant
relatives. If a person has no heir or their heir is untraceable, they cannot appoint an heir. In such
cases, their estate goes to the Bait-al-Mal, becoming national property and serving the interests of
the whole nation.

(a) Inheritance:

Inheritance is the involuntary transfer of ownership whereby the deceased's estate is passed on to
their heirs. There are three articles of inheritance:

1. owner

2. Heirs

3. Estate

(b) The Estate:

The estate comprises all property, movable or immovable, cash or Goods

(c) The Law of Inheritance:

The Holy Quran establishes the law that the estate of a deceased man or woman shall be distributed
among their parents, offspring, wife, or husband according to a prescribed rate. If parents and
offspring are absent, the real or maternal or paternal half-brothers and sisters shall receive a share,
as outlined in Sura Al-Nisa (Verses 7-12 and 176) of the Holy Quran. The Prophet Muhammad
(S.A.W) emphasized the importance of understanding the Law of Inheritance, calling it the
"Knowledge of Duties."



(d) Orders of Inheritance in the Holy Quran:

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