Financial News
SHARIAWIZ LAUNCHES FIRST-OF-ITS-KIND ISLAMIC PRENUPTIAL AGREEMENT PLATFORM
Shariawiz, the leading award-winning Islamic estate planning portal, announces the launch of the first state-specific online collaborative Islamic Prenup platform in the United States. The cutting-edge Shariawiz software makes it easy, affordable, and accessible for Muslim American couples to make prenups with Islamic principles.
Hasbrouck Heights, United States - June 12, 2024 —
Hasbrouck Heights, NJ - June 12, 2024 - Shariawiz, the leading award-winning Islamic estate planning portal, is excited to announce the launch of the first state-specific online collaborative Islamic prenuptial agreement platform in the United States. The cutting-edge Shariawiz software makes it easy, affordable, and accessible for Muslim American couples to make prenuptial agreements in accordance with Islamic principles.
“About two million marriages occur in the United States every year, and about 50,000 of those new marriages are Muslim couples,” explained Awad. “A Harris Poll conducted in September 2023 found that 1 in 5 American marriages have a Prenuptial Agreement. In fact, 1 out of 3 American millennial and Gen-Z couples have entered into a Prenup,” said Awad.
"It is obvious then that there is a growing demand for prenups that comply with Islamic law. With no do-it-yourself collaborative platform available to Muslim American couples, Shariawiz did the legal and Islamic law research to provide the solution with a platform that fosters open communication and understanding between couples and where they can protect their financial independence and comply with their religious faith as they begin their marital journey.”
The state-specific online collaborative Islamic Prenup platform is where couples can collaborate, discuss, and negotiate terms that align with their cultural and religious values. This innovative tool empowers individuals to establish mutually agreed-upon arrangements that promote transparency, fairness, and understanding during the marriage and in the event of divorce or death. Through this user-friendly interface, couples can customize their prenuptial arrangements, ensuring that both parties feel heard and respected throughout the process.
"It is thrilling to introduce this groundbreaking platform that aims to modernize and streamline the process of creating Islamic prenuptial agreements," said Abed Awad, Founder & CEO.
With the Shariawiz Islamic Prenuptial Agreement, Muslim couples can ensure their marriage is Shari’a-compliant in the following ways:
1. All assets acquired during the marriage will be considered the separate property of the title owner, following the separate title regime under Islamic law, while jointly titled property would be distributed equally in a divorce;
2. The husband has an Islamic law obligation to support his wife during the marriage, including providing food, shelter, clothing, and medical care consistent with his financial abilities;
3. Per Islamic law, the wife’s income is considered her separate property; and
4. In a divorce, the husband would pay the wife her mahr (also known as meherieh, saddaq, or marriage portion) and limited duration support during the idda period instead of alimony.
The online collaborative Islamic Prenup is now available for use, offering a seamless and efficient way for Muslim American couples to create prenuptial agreements that reflect their faith and values. The package comes with an Islamic Prenuptial Agreement, a Muslim Marriage Contract (also known as a nikah agreement/contract), and two Islamic Wills.
To learn more or to begin your collaborative Islamic Prenuptial Agreement, visit www.shariawiz.com.
About Shariawiz
Shariawiz is the leading online Islamic estate planning portal in the United States that offers legal forms and information about Islamic estate planning and Sharī‘a rules of inheritance, including a scholar-certified Islamic Inheritance Calculator. Since its launch in 2020, Shariawiz.com has released the first Sharia-compliant Individual Waqf/Trust in the United States and was awarded "Best Innovative Halal Solution" at the Halal Expo and Summit 2020, one of the “100 Most Innovative Global Muslim Startups to Watch for 2024” by The Center for Global Muslim Life in 2023, and the Best Islamic Finance Technology Solutions Provider at the prestigious Digital Banker’s Global Islamic Finance Awards 2024.
Contact Info:
Name: Abed Awad
Email: Send Email
Organization: Shariawiz
Address: 777 Terrace Ave Suite 303, Hasbrouck Heights, New Jersey 07604, United States
Phone: +1-888-474-2742
Website: https://www.shariawiz.com
Source: PressCable
Release ID: 89132598
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