Wealth is not a universally defined concept. Its meaning, use and transfer are shaped by cultural values, traditions and social norms. Whilst financial and economic wealth are important measures, many cultures also place significant value on family, reputation, education, community
More about Wealth and culture: how values, tradition and community shape the way success is measuredThe 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 lawPlease note that this article was published before the non-dom legislation was finalised and brought into force on 6 April 2025. I am a recent arriver in the UK. Will the new non-dom tax regime apply to me? The Chancellor
More about Non-dom reforms: The first four yearsFrom 2016/17, HM Revenue & Customs (“HMRC“) have not required trustees or personal representatives (“PRs“) to report any income of a trust or estate which is solely savings interest and is less than £500. The trustees or PRs simply pay
More about New tax rules for low-income trustsI am a recent arriver in the UK. Will the new exemption regime apply to me? In the 2024 Spring Budget on 6 March 2024, the Chancellor announced that the current remittance rules applying to UK resident, non-domiciled individuals (“non-doms“)
More about Non-dom analysis: The first four years