Islamic Religious Council of Singapore (MUIS) issues fatwa recognizing CPF nominations made by Muslims
Photo by Manu Manohar on Flickr. Licensed under Creative Commons 2.0 Generic.
The Islamic Religious Council of Singapore (Majlis Ugama Islam Singapura) issued a new fatwa on the 23rd of September, which recognizes CPF nominations by Muslims as a form of gift (hibah).
The fatwa updates an eariler fatwa made in 1971 which considers CPF nominees to be a trustee and thus require all CPF proceeds to be distributed according to the Islamic Law of Inheritance or faraidh.
This new ruling means Muslim CPF holders are now given more power to decide how and where their CPF monies will be distributed.
Read more about the change here.
