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Inheritance Distribution With A Promise To Pay In Future
1. During the distribution of inheritance, it is necessary to sell the property so that the relevant amounts can be distributed to all the heirs immediately.
2. If not necessary, then is it allowed that one of the major heir keeps the property and promise to pay other heirs in cash in future (with no time limit)?
3. If the answer to Question 2 is “yes” then how other heirs are compensated if the amount due is being paid (for example) after 20 years of inheritance distribution. Because the money has devalued more than 10 times in past 20 years.
4. If similar situations (promise to pay later to avoid the sale of property) arises to a different family today, then, can other heirs demand that their “promised” inheritance money be converted in terms of Gold value? So that at least they do not suffer much because of inflation factor, as they would get the inheritance in Gold whenever the “major heir” pays them their right in future.
Note: Please provide evidences from Qur’an and authentic Hadiths in response wherever necessary
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5 Replies
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Inheritance Distribution With A Promise To Pay In Future
updated 3 years, 7 months ago
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Replies
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Inheritance is due to the heirs upon death of a relative. If the relatives mutually agree on a promise of the payout in the future, it can be done, however it has nothing to do with the inheritance law. The only principle to keep in mind is that of justice when making future payout arrangements.
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Could you please elaborate.how other heirs are compensated if the amount due is being paid (for example) after 20 years of inheritance distribution. Because the money has devalued more than 10 times in past 20 years.
If similar situations (promise to pay later to avoid the sale of property) arises to a different family today, then, can other heirs demand that their “promised” inheritance money be converted in terms of Gold value? So that at least they do not suffer much because of inflation factor, as they would get the inheritance in Gold whenever the “major heir” pays them their right in future.
Note: Please provide evidences from Qur’an and authentic Hadiths in response wherever necessary
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Faisal, to sum up, if all the heirs are agreed upon future payout with condition that the future payout will be made in term of gold price. For example, heir Zaid is eligible to get his share of Rs. One million, assuming the current price of Gold in the market is Rs. 100,000 per Tola. Would Zaid be justified to put a condition for future payout that he must be paid the money equivalent to 10 Tala of Gold based on price of Gold at that time when the payout is made. So if after 10 year the price of Gold becomes Rs. 200,000 per Tola then Zaid should get Rs. 2 Million after 10 years.
Note: Please provide evidences from Qur’an and authentic Hadiths in response wherever necessary
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This kind of agreements are made with mutual consent and have nothing to do with the law of inheritance specifically. Once inheritance is calculated, one can entirely for go their right in favor of others if they so wish (like in Mahar, Quran verse 4:4) or give others time to pay, in which case it’s like a loan. If one wants to set the future payout based on the price of gold or something else, there’s nothing morally objectionable in that either. The key thing is that justice should be withheld, which is a fundamental idea in the Quran when it comes to our dealings with others (Quran verses 16:90-91).
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Thanks Faisal!
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