Question
The properties of a deceased are registered in the name of a Trust. Are the beneficiaries of the Trust the owners of the properties now?
Answer
According to the Shariah, a company or a trust is a fiction which has no existence and no reality. The assets of the trust are the property of the deceased. As such it belongs to the heirs, not to the beneficiaries of the fictitious being (the Trust). Only the Islamic heirs inherit the assets of the Trust.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 26 No 03
- PDF page
- 4
Appears under HARAAM CARRION SHENANIGANS (approximate).