It’s our pleasure to announce that the Islamic Finance Advisory (IFA), a division of the Islamic Council, have certified ‘Waseeya’ services as Shariah Compliant.
Based on the official documentation covering the projects processes and procedures; a complete peer-to-peer review was conducted by the Islamic Finance Advisory, concluding the following articles of Waseeya to conform with the general related principles of the Shari’ah regarding the Laws of Inheritance and Transactions.
1. Waseeya’s Inheritance Calculator.
2. Waseeya’s Islamic Will.
3. Waseeya’s Gift Deed.
4. Waseeya’s peer-to-peer interest-free loan agreement.
Waseeya is also working with the Islamic Finance Advisory to ensure all the Islamic products offered on Waseeya platform are in compliance with Islamic Laws.
The importance of wills in Islam:
An Islamic will (called Waseeya in Arabic) is a document that sets out how the deceased’s assets should be distributed in accordance with Islamic principles after they pass away. Our beloved Prophet Muhammad (PBUH) has stated: “It is the duty of a Muslim who has something which is to be given as a bequest not to have it for two nights without having his will written down regarding it.” (Muslim)
The Prophet Muhammad (PBUH) also stated: “A man may do good deeds for seventy years but if he acts unjustly when he leaves his last testament, the wickedness of his deed will be sealed upon him, and he will enter the Fire. If, (on the other hand), a man acts wickedly for seventy years but is just in his last will and testament, the goodness of his deed will be sealed upon him, and he will enter the Garden.” (Ahmad and Ibn Majah)
An Islamic will is key for Muslims as it handles your inheritance and final wishes, whilst keeping your Islamic religious beliefs in mind. Such a will allows you to distribute your inheritance to your family using the correct calculations under Shari’ah law, and as instructed by Allah (SWT) in the Holy Qur’an in the verses of Surah An-Nisa.
Waseeya is an exciting new, online Islamic inheritance planning platform. It helps Muslims organise, plan, secure their assets, and store and share their cherished memories. The platform is available on iOS, Android, and the web.
Waseeya offers 256 bit encryption, hosts an easy-to-use interface where you can create Islamic wills, securely store important documents, and share recorded naseehah (advice) or memories with your loved ones.
With Waseeya’s user-friendly step-by-step format, you can create your Islamic will quickly and efficiently, and revise or amend without solicitorial visits.
Waseeya uniquely boasts the ability of users choosing between different schools of Jurisprudence (Madha’hib) when using the platform. They also boast a Time Capsule feature that can be shared with your loved ones at a time of your choosing, determining what is shared, with whom and when.
The IFA encourages Muslim communities to explore Waseeya and the important possibilities with their platform which helps us take care of an important aspect of our deen.