Islamic Legacy Planning

Nominations

What are Nominations?

By nominating, you decide who or which organisations would receive the proceeds of your assets including CPF savings and insurance policies.

CPF Nomination

A CPF nomination allows you to decide what happens to your CPF monies after your death. Your CPF nomination lets you choose:

  • who you want to nominate to receive your CPF savings (your 'nominee')
  • the percentage each of your nominee(s) should receive from your CPF savings
  • how your CPF savings will be distributed to your nominee(s)

Nominations for CPF monies cover the following:

  • CPF savings in your Ordinary, Special, MediSave, and Retirement Accounts
  • CPF LIFE unused premiums

Even if you have a legal will, you still need to make a CPF nomination if you want to distribute your CPF savings according to your wishes. This is because CPF savings cannot be included in your will as they do not form your estate. This arrangement protects your CPF savings from creditor claims on any outstanding debts you may have, and preserves your savings fully for your nominees or family members.

Fatwa on CPF Nominations

The fatwa issued on CPF Nominations decrees that the nomination system is a contemporary form of property distribution not found in the writings and scholarly works of the scholars of the past. However it is permitted as it is considered as a new form of hibah.

Find out more

Find out more about CPF Nominations on MyLegacy. 

Insurance Nomination

Making your insurance nominations will help to determine who receives your insurance proceeds after your death. You can check with your respective insurance providers on the process to make your nomination.

Fatwa on Revocable Insurance Nominations

A revocable insurance nomination is a contemporary form of hibah and is a new form of financial planning which is in accordance with Islamic principles.


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