Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

HUDDERSFIELD LAW FIRM WELCOMES GUIDANCE ON SHARIA SUCCESSION LAW

News

Baxter Caulfield, the Huddersfield based legal firm, has welcomed the Law Society’s recent guidance on the rules concerning Sharia Succession.

The succession guidelines, which have been labelled a ‘law-changing document’, are – says the law firm – simply an important reminder to legal practitioners of how regard must be had to the established principles of English law when drafting wills in a modern multi-cultural society.

Stephen Newman, Senior Partner At Baxter Caulfield

Stephen Newman, Senior Partner At Baxter Caulfield

Stephen Newman, Senior Partner at Baxter Caulfield, said: “There has been much discussion in some parts of the national media about how the Law Society’s guidance is ‘ground-breaking’ and a game-changer when, in reality, it is merely designed to clarify the situation.

“Rather than being revolutionary, the guidelines have been issued to assist legal practitioners in the event that they are instructed to prepare a will adopting Sharia succession rules that will be binding under the laws of England and Wales. A will drawn on that basis must have specific regard to a number of issues – including, for instance, the payment of burial expenses and debts, and the making of gifts to charity.

“It is nonsense to suggest that these guidelines bring about a change in English law. The Law Society is a professional body which has issued guidance to its members. It has no power to change the Wills Act, which has been on the statute book since 1837.

“Provided the will is signed in accordance with the requirements of that Act there is nothing in English law to prevent a person domiciled in England from choosing to dispose of his or her assets in accordance with Sharia Succession rules. The Law Society’s guidance is intended to help non-Muslim legal practitioners understand those rules. It does not, I repeat, change the law.”

Mr Newman added: “The Law Society merely reminds us that we have freedom of choice in England and Wales using the established legal framework to dispose of our assets as we see fit. It does not change how succession law operates in England and Wales nor can it reasonably be construed as some incipient incorporation of Muslim or ‘Sharia’ law into the English legal system.”

 

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post