How does CPF Nomination works and is it permissible for Muslims?
A CPF nomination allows you to decide who will receive your CPF monies upon your demise. Without a CPF nomination, your CPF savings will be distributed by the Public Trustee’s Office to your family members based on the Muslim Inheritance Certificate, according to Faraid. This decision is crucial as it ensures that the CPF savings are distributed according to the account holder's wishes, providing financial security for their beneficiaries.
According to the 2010 fatwa from Muis, it is permissible to make CPF Nominations for Muslims and that it would be deemed as a hibah to the beneficiaries.
For further information on the Fatwa on CPF Nomination (2010), please visit the Office of the Mufti website: http://www.muis.gov.sg/officeofthemufti/Fatwa/CPF-Nomination/
For more related questions, visit: https://www.ourwakaf.sg/faq/.
Related questions
Can Muslims nominate a non-Faraid heir to receive their CPF savings after they pass?
If I am the sole nominee of the CPF nominations of my deceased family member, must I distribute it to other family members by Faraid? If a valid CPF nomination has been made, can a Faraid heir who has not been nominated claim a portion of the deceased member’s CPF savings?
Do I have to follow faraid portions for CPF nomination?
Do I still need to make a CPF nomination if I have made my Islamic Will?
