Pewarisan and Amanah Raya Berhad Forge AI-Driven Partnership to Revolutionize Islamic Estate Planning

​Kuala Lumpur, January 8, 2025 – In a groundbreaking move to modernize Islamic estate planning, Pewarisan Sdn Bhd and Amanah Raya Berhad have initiated discussions aimed at integrating advanced artificial intelligence (AI) solutions into estate management services. This collaboration seeks to enhance the efficiency and accessibility of Islamic inheritance processes, benefiting both organizations and the public.

Pewarisan’s AI Innovations: Transforming Estate Planning

Pewarisan has been at the forefront of integrating technology into Islamic estate planning. Their latest AI-driven features aim to:​

• Simplify Complex Calculations: AI algorithms can quickly and accurately compute inheritance shares based on Faraid principles, reducing the potential for human error.​
• Enhance User Accessibility: By providing intuitive interfaces, clients can easily navigate the estate planning process, making it more approachable for individuals unfamiliar with legal intricacies.​
• Provide Personalized Guidance: AI can offer tailored advice based on individual circumstances, ensuring that estate planning aligns with both legal requirements and personal wishes.​

Amanah Raya Berhad’s Role in Islamic Estate Management

Amanah Raya Berhad, established as a premier trustee company, plays a pivotal role in managing and administrating estates in Malaysia. Their expertise includes:​

• Estate Administration: Overseeing the distribution of assets in accordance with Islamic law.​
• Trust Services: Managing trusts to ensure assets are preserved and distributed as intended.​
• Will Writing: Assisting clients in drafting wills that comply with Shariah principles.​

By collaborating with Pewarisan, Amanah Raya Berhad aims to enhance these services through technological advancements.​

The Faraid Calculator: A Leap Towards Digitalization

One of the standout features discussed is the development of a Faraid Calculator. This tool is designed to:​

• Automate Inheritance Calculations: Based on user input, the calculator determines the rightful shares of heirs according to Islamic law.​
• Serve Multiple Platforms: Accessible to both clients and front-counter staff, ensuring consistency and accuracy in calculations.​
• Educate Users: Provide insights into the principles of Faraid, promoting a better understanding among the public.​

Similar tools have been implemented in other regions, such as the Online Trial Inheritance Calculator by the Syariah Court of Singapore, which offers sample calculations based on user input. ​

Addressing the Issue of Unclaimed Estates

In Malaysia, unclaimed wealth and property have been increasing annually, highlighting the need for effective estate planning. By integrating AI tools like the Faraid Calculator, this collaboration aims to:

• Reduce Unclaimed Estates: Ensuring assets are distributed promptly and accurately to rightful heirs.​
• Promote Awareness: Educate the public on the importance of estate planning to prevent future cases of unclaimed properties.​

Future Prospects: A Digital Transformation in Islamic Estate Planning

The collaboration between Pewarisan and Amanah Raya Berhad signifies a pivotal shift towards digitalization in Islamic estate management. Anticipated advancements include:​

• AI-Powered Advisory Services: Offering clients real-time, personalized advice on estate planning matters.​
• Blockchain Integration: Ensuring transparency and security in documenting and executing wills and trusts.​
• Enhanced Training for Staff: Equipping personnel with the skills to utilize advanced tools, thereby improving service delivery.​

Conclusion

The ongoing discussions between Pewarisan and Amanah Raya Berhad represent a forward-thinking approach to modernizing Islamic estate planning. By embracing AI and other digital tools, they aim to provide more efficient, accurate, and accessible services to the Muslim community in Malaysia. As these developments unfold, they hold the potential to set new standards in the industry, ensuring that estate planning is both compliant with Islamic principles and in tune with contemporary technological advancements.