SBIA Family Night @ Evergreen Islamic Center “My Family is At the Masjid”, “South Bay Islamic Association” Location: 2486 Ruby Ave., San Jose, CA 95148 (Ruby & Tully), (Ph: 408-239-6668) Date: Sunday, February21, 2010 AGENDA Dinner: 5:15pm, Maghrib prayer: 6:00pm, Program @ 6:30pm, Isha prayer: 7:45pm · The program will start with the recitation of [...]
One thing that differentiates Islamic Inheritance from what we are normally used to seeing is that rights of heirs other than the surviving spouse are considered. Indeed, many heirs actually take more then the surviving spouse. Planning requires a property agreement between the husband and wife so that it is known who owns what, and distribution follows [...]
It appears plain that Congress will do nothing on the Estate Tax this year. This means the Bush tax cuts are going ahead and the estate tax will be abolished for 2010. Its possible there will be a temporary or permanant fix sometime in 2010. The prospect that any change will be retroactive is also possible. [...]
Congress has not yet established what the estate tax will be beyond the unsustainable "Bush tax cuts." The last year of this regime is 2010. Of particular interest to anyone who wants to plan their estate, the tax is completely abolished that year. In 2011 it comes back to levels seen in 2001 and touches [...]
Last Friday we had a wonderful series of programs at the Muslim Community Association in Santa Clara, CA. The programs focused on Waqf, or the endowment bulding process as well as the 1/3 rule in Islamic Inheritance. It also included a brief introduction to Islamic Inheritance. On Saturday, we had a program called "Islamic [...]