Islamic Inheritance - Intellitrain

Islamic Inheritance
– Updates & Developments
Current Issues in Insurance Nominations, Joint Tenancies and CPF
Thursday, 5 August 2010 | 9.00am – 5.30pm
M Hotel, Singapore
Learn from our panel of
Distinguished Speakers
STEP CPD
Scheme:
4.5 structured hours
LIA 3.5
CPD Hours /
100%
Knowledge
Arfat Selvam
Managing
Director
Arfat Selvam
Alliance LLC
Ang Kim Lan
Executive
Director
Goodwins Law
Corporation
M Salim Amin
First Principal
Financial Pte Ltd
Mustapha
Kamal Osman
NTUC Income
Insurance
Co-Operative
Limited
Halijah Mohamad
Sole Proprietor
Halijah
Mohamad & Co.
Hairani Saban
Hardjoe
Consultant
CK Tan & Co.
Shamim
Dhilawala
Vice President,
Legal
US Multinational
Suhaimi Salleh
CEO
Barakah Capital
Planners Pte Ltd
Murgiana Haq
Managing Partner
hslegal LLP
Guest-of-
Honour
Zainul Abidin Rasheed
Senior Minister of
State for Foreign Affairs
Conference Objectives
Who Should Attend
• To address industry and legal concerns on apparent
conflict between Syariah and secular laws • To clarify the
rights of Muslim Insurance Policyholders to make revocable
nominations • To identify estate planning tools for use by
Muslims • To give an update on issues relating to jointtenancies
and CPF nominations
• Financial advisers and planners • Estate planning
practitioners • Wealth managers • Insurance practitioners
• Investment advisers and managers • Lawyers • Relevant
government ministries and agencies • Muslims concerned
about their own estate planning matters
MAS FTS Funding
The Monetary Authority of Singapore (MAS) administers Financial Training Scheme (FTS) grants to financial sector organisations that sponsor eligible Singapore based
participants to training programmes that meet qualifying criteria. For more details, please visit www.mas.gov.sg, or contact the MAS at 6229-9396 or fsdf@mas.gov.sg.
Jointly Organised by:
Supported by:
Supporting Organisations:

Islamic Inheritance
– Updates & Developments
Current Issues in Insurance Nominations, Joint Tenancies and CPF
Conference Overview
There have been two significant developments affecting the financial and estate planning for Muslims since the Muslim Financial Planning
Association (MFPA) had its successful inaugural conference in July 2009:
• the passing of the Insurance (Amendment) Act 2009 and the amendments to Section 111 of the Administration of Muslim Law Act
(AMLA) which gave rise to concerns in the insurance industry on the ability of Muslim life insurance policyholders to make revocable
nominations; and
• the judgment of the Singapore Court of Appeal in March 2009 in Shafeeg bin Salim Talib and another v Fatimah bte Abud bin Talib
and others [2010] SGCA 11, on the applicability of rights of survivorship to real property held by Muslims as joint-tenants.
These developments will be discussed in depth at this Conference.
MFPA as a concerned group will examine the dynamics between the Syariah and secular principles on these and related matters.
For more information about MFPA, please visit www.mfpa.org.sg.
For more information about this Conference, please visit www.intellitrain.biz/MFPA.
Conference Programme
08:30 Registration
09:00 OPENING ADDRESS BY MFPA PRESIDENT
Arfat Selvam
Managing Director | Arfat Selvam Alliance LLC
09:15 INSURANCE - THE CURRENT
LEGISLATIVE FRAMEWORK
• Rights of Policyholders under Insurance laws
• Insurance (Amendment) Act 2009 and its
implications
• Nominations of Beneficiaries under new
Insurance Regulations
Ang Kim Lan
Executive Director | Goodwins Law Corporation
10:15 Coffee Break / Networking
10:45 KEY ISSUES IN ESTATE & FINANCIAL
PLANNING FOR MUSLIMS
• The need for Muslim families to be financially
independent
• Life insurance – an important asset to families
• Distribution of life insurance proceeds to
beneficiaries- Current practices of Insurance
Companies
• Impact of amendments to AMLA
• Types of permissible nominations
• Cases of hardship arising from application of
Faraid
• Impact of Muslims’ awareness of their financial
responsibilities
• Possible alternatives – going forward
M Salim Amin
First Principal Financial Pte Ltd
Mustapha Kamal Osman
NTUC Income Insurance Co-Operative Limited
11:45 ESTATE PLANNING FOR MUSLIMS –
INDUSTRY AND LEGAL CONCERNS
• Syariah and Secularism – Two Regimes, Two
Perspectives
• Legal issues relating to Fatwas
• Use of Nuzriah as an Estate Planning Tool
Hairani Saban Hardjoe
Consultant | CK Tan & Co.
12:45 Lunch / Networking
14:00 UPDATE ON ISSUES PERTAINING TO HDB
JOINT TENANCY
• General law on joint tenancies
• Options available for Muslims
Halijah Mohamad
Halijah Mohamad & Co.
14:45 THE ISLAMIC INHERITANCE ASPECTS OF
CPF NOMINEES
• Position under Section 24 (3A) CPF Act
• Impact of judgment in Saniah’s case
• Options available for Muslims
Shamim Dhilawala
Vice President, Legal | US Multinational
15:30 Tea Break / Network
16:00 ADDRESS BY GUEST-OF-HONOUR
Zainul Abidin Rasheed
Senior Minister of State for Foreign Affairs
16:15 PANEL DISCUSSION
• Reconciling Fatwas and the General Law
• Impact of latest Court of Appeal decision in
Shafeeg’s case
Moderator
Suhaimi Salleh
CEO | Barakah Capital Planners Pte Ltd
17:30 CLOSING REMARKS BY EMCEE
Murgiana Haq
Managing Partner | hslegal LLP

About the Speakers
Arfat Selvam LL.B (Hons) Singapore
Arfat Selvam is the Managing Director of Arfat Selvam Alliance
LLC, a corporate law practice in Singapore. She has over thirty
years experience as a corporate lawyer having been at the
forefront of the development of the financial services market in
Singapore. Her wide array of experience includes mergers and
acquisitions, corporate restructures, takeovers, funds raising,
financial services, international joint ventures and Islamic
finance.
Arfat was President of The Law Society of Singapore in 2003
and was also a former Director of the Stock Exchange of
Singapore Limited. She was a member of the Board of the
Accounting and Corporate Regulatory Authority (ACRA) and
the Company Law Reform Committee, which made major
recommendations affecting the companies and securities laws
in Singapore. She is currently President of MFPA.
Ang Kim Lan LL.B (Hons), MBA
Ang Kim Lan graduated with an LL B (Hons) Degree from
the National University of Singapore. She was admitted as
an Advocate & Solictor of the Supreme Court of Singapore
and a Solicitor in England and Wales. Kim Lan obtained her
Masters in Business Administration from Maryville University of
St Louis, USA. She is a member of the Society of Trusts and
Estates Practitioners (STEP) and Singapore Insurance Institute
as well as a member of the Society of the Financial Services
Professionals.
Kim Lan advises clients who are big players in the rapidlydeveloping
financial services sector both in Singapore and
globally. These clients include life insurers, general insurers,
insurance intermediaries and financial advisers. She also
advises clients on how to use trusts effectively as well as
advising trust companies on compliance issues.
M Salim Amin BBA, ChFc
M Salim Amin has been associated with the financial services
industry over the last 24 years and advises individuals and
corporations in areas of personal finance and investments.
He is the immediate past president of the Association of
Financial Advisers (Singapore) and is actively involved in
educating the public in the areas of personal financial planning.
Salim graduated in NUS with a degree in Business
Administration and has completed the curriculum in the
Chartered Financial Consultant.
Mustapha Kamal Osman Diploma in Life Insurance
Mustapha Kamal Osman joined the insurance industry in
1992 and is currently a Sales Manager with a local insurance
company.
He is a member of the Muslim Committee in his company
which is tasked in promoting insurance to Muslims. He was
one of the speakers at the Berita Harian Malay Financial
Planning Seminar in 2003. He has also conducted talks on
Insurance and Financial Planning at Marriage Preparation
Courses conducted at various mosques.
He is an active volunteer and also serves as a secretary of a
mosque in the Jurong fraternity.
Hairani Saban Hardjoe LL.M (Singapore)
LL.B (Hons) Singapore
Hairani Saban Hardjoe is an advocate and solicitor of the
Supreme Court of Singapore. She has been in private legal
practice since 1970 and is presently a consultant in the firm of
CK Tan & Co, Singapore. She graduated in law in 1969 at the
then University of Singapore and obtained her LL M from the
same University in 1983. She has authored several legal books
for the profession and conducts legal workshops and training
sessions in Singapore and in various Asean countries on legal
topics including Contract Drafting, Wills and Estate Planning,
Real Estate and Intellectual Property. She has written several
published articles including those touching on current issues
and controversies in the administration and distribution
of assets in the Muslim estate. She is the current Honorary
Secretary of MFPA.
Halijah Mohamad LL.B (Hons) Singapore
Halijah Mohamad is the sole proprietor of her law firm which
specialises in family law, both civil and syariah law. She has
been an active member of AWARE since 1988. As a member of
AWARE, she was involved in several representations which led
to amendments in various legislations including the Women’s
Charter and Penal Code. She was involved in representations
made to the Select Committee on:
(a) Maintenance of Parents’ Bill (1995),
(b) Amendments to Women’s Charter (1996),
(c) Amendments to Administration of Muslim Law Act (1999).
In 1999, she assisted in drafting the Amendments to the Muslim
Marriage and Divorce Rules. In 2007, as co-chairperson of the
Muslim Law Practice Committee (Law Society), together with
two other lawyers, she prepared a paper on Enforcement of
Syariah Court Orders, which led to amendments in the practice
and procedure on enforcement of Syariah Court orders. Halijah
is also a Council Member of MFPA.
Shamim Dhilawala LL.B (Hons) Singapore
Shamim Dhilawala graduated with an LL.B (Hons) from the
National University of Singapore. She is currently Vice-President,
Legal of the International Division of a US multinational
company. Prior to that, she spent 15 years in private legal
practice where she was a Litigator and handled commercial,
trust, estate and family matters. She is an Associate Member
of the Law Society of Singapore and is an active member of its
Practice Management Committee. Shamim is a volunteer legal
advisor to the Young Women’s Muslim Association and a Council
Member of MFPA.
Suhaimi Salleh FCPA, FCMC, PMC
Suhaimi Salleh is a certified public accountant and a certified
management consultant with more than 30 years postgraduate
experience. He has been in public accounting and
management consulting practice for more than 20 years.
He set up Barakah Capital Planners Pte Ltd about 5 years
ago specialising in will writing, estate planning and estate
distribution mediation services for Muslims. Suhaimi has
also conducted numerous talks on Islamic estate planning for
mosques, insurance agencies and organisations like MUIS,
Singapore Islamic Scholars Association (Pergas) and Yayasan
Mendaki. He is also the Honorary Treasurer of MFPA.
Murgiana Haq LL.B (Hons) Singapore
Murgiana Haq is the Managing Partner of her boutique practice
specialising in intellectual property law (IP). She has been in
law practice over thirty years and has extensive experience
in IP laws. She has served in various committees and held
the positions of President of the ASEAN Intellectual Property
Association and the Asian Patent Attorneys Association
respectively. She was in the forefront in the development of
IP in Singapore, having been involved in various training and
education programs.
She is a Committee member of the Muslim Law Practice
Committee of the Law Society of Singapore and the Chairperson
of its Intellectual Property. She is also a Council Member of
MFPA.
If you are interested in exhibition and sponsorship opportunities at our Conference, please do not hesitate to contact
Mr Gabriel Lim or Ms June Tan of the Conference Secretariat at MFPA@intellitrain.biz or +65 6329 6496 for more details.

About the Conference Organisers
The Muslim Financial Planning Association is the inspiration of
a group of professionals with a common vision: to educate and
empower Muslims to plan the accumulation and distribution of
their assets in accordance with Syariah principles.
For more details, visit www.mfpa.org.sg.
Intellitrain is an Association Management Company that specialises
in outsourced services for not-for-profit volunteer-led organisations
(“NPOs) in Asia. Benefit from our affordable and customised
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Conference Registration: Islamic Inheritance – Updates & Developments
REGISTRATIONS CLOSE ON THURSDAY, 29 JULY 2010
1. Please complete each section 2. Please complete a separate form for each delegate
3. Return this form to: SECRETARIAT, MFPA CONFERENCE 2010
c/o Intellitrain Pte Ltd, 3 Raffles Place #07-01 Bharat Building Singapore 048617 or Fax to +65 6329 9699
MFPA Members
1. SYMPOSIUM
PLS TICK
( )
SYMPOSIUM FEE
(before MAS FTS grant)
S$430.00
MFPA Member
Law Society Member
STEP Member
ABS Member
LIA Member
Others
AFA(S) Member
SCCA Member
Please indicate any special dietary, medical or other requirements:
Members of:
a. Association of Banks in Singapore
b. Association of Financial Advisors
Singapore
c. Law Society of Singapore
d. Life Insurance Association of
Singapore
e. Singapore Corporate Counsel
Association
f. Society of Trust & Estate
Practitioners (Singapore Chapter)
Others
S$430.00
S$480.00
NOTE:
1. Registration Fee includes attendance at the Conference, 2 coffee breaks and 1 lunch.
2. Registration of ALL delegates starts at 8.30 am on 5 August 2010.
Name (Prof/Dr/Mr/Mrs/Miss/Mdm):
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2. DELEGATE DETAILS
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CHEQUE PAYMENT DETAILS:
Cheque payments should be made payable to “INTELLITRAIN PTE LTD”
& arrive at the Secretariat office with your completed registration form
before the closing date, Thursday 29 July 2010.
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TRANSFER:
Account Name: Intellitrain Pte Ltd | A/c No.: 352-327137-5
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Please email us at MFPA@intellitrain.biz after the T/T has been done for
our follow-up with the bank. The registration fee must be received nett of
all receiving and paying bank charges.
REGISTRATION, REFUND & CANCELLATION POLICY
1. Registrations will be confirmed upon receipt of full payment accompanied by a duly
completed registration form.
2. The Organisers reserve the right to refuse to register or admit any participant, and to
cancel or postpone the course.
3. Equivalent substitute delegates (e.g. member for member or non-member for nonmember)
are welcome at no additional charge, subject to our being informed in writing
at least 5 working days in advance of such substitution.
4. The Organisers will not entertain any request for a refund of fees. However a confirmed
registrant who has paid in full the course fees but does not turn up for the course will
be entitled to collect a set of the materials provided.
DISCLAIMER
The Organising Committee is committed to staging a successful conference; however it
reserves the right to cancel or postpone the Conference, change its venue or any of the
other details published.
FOR REGISTRATION ENQUIRIES
Please contact:
Intellitrain Pte Ltd
3 Raffles Place #07-01 Bharat Building Singapore 048617
Tel: +65 63296496 | Fax: +65 63299699
Email: MFPA@intellitrain.biz | Website: www.intellitrain.biz/MFPA
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