For many high-net-worth individuals, philanthropy is increasingly becoming an integral part of wealth planning. Families are looking beyond tax mitigation and one-off donations, and moving towards a more strategic approach, to consider how their family values align with their charitable
More about Wealth and philanthropy: the role of giving in family wealth planningThe Zakat principles Zakat is a strategic and rules-based mechanism rather than a random act of voluntary charity. It is obligatory for every Muslim who possesses the requisite net assets (Zakatable assets) to give Zakat. Zakat is due on assets
More about Understanding Zakat: obligatory charity giving in IslamThis article outlines the key principles and scenarios affecting the inheritance rights of spouses, children, and parents. Previous articles on this topic include Shari’ah, and an introduction to Islamic inheritance law and Heirs in Islamic law. Shari’a law On the
More about Shares under Islamic InheritanceHeirs in Islamic law are divided into three principal classes which are described below. Qur’anic heirs (Ashabul-Furud) Qur’anic heirs are also called “sharers” and this is the first class of “shareholders” in relation to inherited assets. These heirs possess the
More about Heirs in Islamic lawThe word “Shari’ah” sparks curiosity and sometimes misconceptions. Shari’ah is a comprehensive system of ethics, law and guidance in Islam. This article focuses on one of these laws: the Islamic law of inheritance, and how to comply with these laws
More about Shari’ah, and an introduction to Islamic inheritance lawThe non-dom reforms first announced in the UK Spring Budget 2024 have since been the subject of intense scrutiny, but not so heavily publicised is the planning opportunity these reforms offer to US persons (a term which includes both US
More about Will the UK trump the US following the April 2025 non-dom reforms?Please note that this article was published before the non-dom legislation was finalised and brought into force on 6 April 2025. UK expats potentially stand to benefit from the changes to the taxation of non-UK domiciled individuals originally announced by the Conservative
More about Non-dom reforms: Q&A for UK returners and expatsI am a British expat living abroad. What should I be thinking about? British expats are typically UK domiciled (“UK dom“) but non-UK resident for UK tax purposes. The extent to which they are likely to be affected by the changes
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