John Riches and Christian Miceli provide an insight in the application of Sharia law principles to trusts (taken from Issue No 20 – July 2002
The purpose of this article is to provide some preliminary observations on the interaction between common law trusts and Sharia Law. It is designed essentially to assist trust practitioners on the general issues that need to be identified in considering whether trusts are an appropriate devolution planning vehicle for assets held by Muslim families.
The authors are neither practising Muslims nor experts in any particular sect of Islam and therefore put forward their general understanding of certain principles of Muslim law as summarised by learned authors with some reserve. The aim of the article is essentially to raise awareness amongst trust practitioners of the issues that may need to be considered.
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The Trust Quarterly Review is published in partnership with STEP, it discusses matters of interest to trustees and executors with a focus on the particular interests of trust corporations in mind
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