ISLAMIC WEALTH MANAGEMENT: ISSUE OF UNCLAIMED WEALTH AND ESTATE PLANNING FROM UNIVERSITY STUDENT PERSPECTIVE

Abstract

Issue of unclaimed wealth and property has increasing year by year in our country, Malaysia. It has
become an important issue especially for Muslim community since the matter involves the religion institution, family
institution, societies, economic and even the state. This research paper aims to investigate the main reason and factor
that contribute to unclaimed property issues and to emphasize the importance of wealth management among Muslim
society. The methodology used was quantitative and qualitative analysis based on library research, reviewing past
literature and research; and survey through questionnaires. Focus group is Muslim society in Malaysia and students
became the representative of Muslim society. The sampling group for survey was taken among students of Sultan Azlan
Shah University, Kuala Kangsar from various courses. Through the findings, the results showed majority of
respondents have low level of understanding and basic knowledge on estate and property management. However,
majority of respondents agreed that estate management is important