Q&A Religious Enquiries Should I opt for the Joint-Tenancy scheme, would this mean that our Faraid beneficiaries are losing their right to our estate?

Should I opt for the Joint-Tenancy scheme, would this mean that our Faraid beneficiaries are losing their right to our estate?

Number: 7
Publication: 2019-10-06
Answer
Praise be to Allah s.w.t

With the fatwa issued in 2019, under joint tenancy contract, your interest in the property would automatically pass to the surviving joint owner (such as your spouse) after your passing. It is no longer considered as part of your estate.

Alternatively, if you wish for your share to be distributed according to faraid, you can opt for the tenancy-in-common contract where each co-owner holds a separate and distinct share in the property. Upon death, the share will form as part of the estate and be distributed accordingly.

You now have clearer options that are both religiously and legally valid

And Allah knows best.

For more info regarding the fatwa on Joint-Tenancy, do visit the following website:
https://www.muis.gov.sg/officeofthemufti/Fatwa/English-Joint-Tenancy