For those who don't understand (both Muslim and non-Muslim), here's a primer:
If you die, 1st thing to do by next of kin (NOK or waris) is to settle your debt on your behalf. NOK can use or liquidate your assets if need to.
After all debts settled, then the rest of the assets are to be distributed. If you wrote a will, that will will only affect half of your total assets. The othe 1/2 MUST divide accoding to Faraid (Arab name for division of assets according to Islamic or syariah law).
Let's say after settling all your debts, NOK finds that you left RM1 milion in assets. And you wrote a will saying that your secret girlfriend gets all of it (there was this case which did happen).
So secret girlfriend only gets RM500k because that's 1/2 of RM1 million. The rest of the RM500k is to be divided by Faraid.
Most surprising about this case is the revelation that the Late Naza had a 2nd wife with several children. Normally we only here about their sons and daughter from Zaleha side.
Also, this will give a chance to know exactly how much is Naza worth, since his name never came up on the Richest Malaysians list, because all his assets are not listed anywhere except in his head.
The shit has hit the fan, expect some UMNO bigwigs trying to disturb this case because Naza has been known to be an UMNO nominee....
Naza empire faces breakup over lawsuit
Jun 4 2010, 07:06 PM
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