Presentation on theme: "R O C K W I L L S A S - S A L I H I N & ISLAMIC ESTATE PLANNER"— Presentation transcript:
1 R O C K W I L L S A S - S A L I H I N & ISLAMIC ESTATE PLANNER BUSINESS SOLUTIONS SDN BHD&A S - S A L I H I NT R U S T E E BHDJointly Present To You The Opportunity As AnISLAMIC ESTATE PLANNER
2 BUSINESS SOLUTIONS SDN BHD R O C K W I L L SBUSINESS SOLUTIONS SDN BHDA wholly owned subsidiary of Rockwills International Sdn BhdSupported by the same management team as Rockwills Corporation, the Pioneer and No. 1 company in Professional Will-writing & Professional Will Custody since 1995Your Independent Link to the World of Financial and Support Services
3 BUSINESS SOLUTIONS SDN BHD R O C K W I L L SBUSINESS SOLUTIONS SDN BHDDriven by the same management principles which have successfully establish Rockwills branch in the area Professional Will-writing & Professional Will CustodySet up to service the needs of the FP/sales intermediaries in the ever fast changing world of financial services and to link them to more financial products and support services.Your Independent Link to the World of Financial and Support Services
4 A S - S A L I H I NT R U S T E E BHDas-Salihin is a trust company incorporated under the Companies Act 1965 and registered under the Trust Companies Act 1949.
5 BOARD OF DIRECTORS 1. Tun Dato’ Dr. Haji Mohamed Salleh Abas S.S.M, P.M.N, P.S.M, P.Y.G.P, S.P.M.T, D.P.M.T, J.M.N, S.M.T LLB(Hons)(Wales) of Middle Temple, Barrister.Solicitor- General MalaysiaFederal Court JudgeLord President – 1988Member of Syariah Appeal Court, KelantanMember of the Royal Commission on the Malaysian Police Force 2004– 20052. Tunku Dato’ Dr. Hajjah Sofiah JewaD.J.M.K., D.S.D.K., J.P., L.L.M., (Miami), Ph.D, (Miami)of Lincoln’s Inn, Barrister, Advocate and SolicitorFounder of Yayasan Tun Suffian Berdaftar.3. Datuk Dr. Jemilah MahmoodM.D., M.O.C., M.R.C.O.G., D.P.M.P., P.J.N.Consultant Obstetriction & Gynaecologist,Founder of Mercy Malaysia
6 Board of Syari’ah Advisors Tun Dato’ Dr. Haji Mohamed Salleh AbasS.S Dato’ Setia Haji Mohd Tamyes bin Abd. WahidDato’ Sri Utama Diraja Mufti Negeri SelangorB.A. Syariah Wal QanunUniversiti Al-Azhar, Mesir3. Prof. Dato’ Paduka Dr. Mahmood Zuhdi bin Hj. Abdul MajidB. Sh (N.P), M. Sh (Azhar) M. Phil (Kent) Ph.D (UM) Dip. Edu (A. Shams)Professor at Department of Fiqh and UsulAcademic of Islamic Studies University of Malaya4. Dr. Siti Mashitoh binti MahamoodB. Sh. (UM), M.Sh. (UM), Ph.D (Birmigham)Head, Department of Syariah and Law, University of Malaya
7 Dato’ Dr. Hj. Yaacob Hussain Merican Honorary ConsultantDato’ Dr. Hj. Yaacob Hussain MericanD.J.M.K., A.S.D.K., J.P., LL.M (Miami), Ph.D, (Miami)of Lincoln’s Inn, Barrister, Advocate and Solicitor
8 as - S A L I H I NT R U S T E E BHDEstablished to meet the crying need of the ordinary Muslim to preserve, protect and distribute his hard-earned assets for the benefit of his loved ones once he departs for the hereafter, the avowed aim of as-Salihin, is to provide all its services, relative to estate planning, in a manner based strictly on the Syari’ah.
9 as - S A L I H I N T R U S T E E BHD Services provided by as-Salihin in relation to estate planning, is done in a manner based strictly on the principle of Syari’ah.Supported by the Board of Syari’ah Advisors who are well-versed with the principle of Syari’ah.
10 Our Business Model We support you to support your client using our Professional system & do notbypass you.Your customersIEPHigh TouchHigh TouchHigh TouchRockwillsHigh Tech
11 The Main link to Complete Financial Planning Why Estate Planning?The Main link to Complete Financial PlanningDistribution
12 What is Estate Planning? It is the process in which you prepare a plan on what you want to do with your assets be it conservation and/or distribution and ensuring the well being of your loved ones.
13 B E N E F I T S O F B E C O M I N G A N I S L A M I C E S T A T E P L A N N E R Enhance your KnowledgeEnhance Professional ImageComplete your range of ServicesCareer Satisfaction (noble service)Flexible Working Hours/Own BossRetention of Customers & Open Door to New BusinessEnjoy perpetual income through renewal of custody and estate administration
15 Estate Planning Expand Clientele Expand Network Business Expansion When your clienteleand network expand…Expand ClienteleExpand NetworkBusiness Expansion
16 MALAYSIA’S POPULATION Total population 25,100,000 (June 2004) M A R K E T C O M P A R I S O N& P O T E N T I A LMALAYSIA’S POPULATIONTotal population 25,100,000 (June 2004)Only Less Than 1,000 Muslims have done their Estate Planning.Market Potential 99.9%Muslim Adults More than 12,000,000
17 Offer Islamic Estate Planners R O C K W I L L S B U S I N E S S S O L U T I O N S & A S – S A L I H I N T R U S T E EOffer Islamic Estate PlannersThe use of Trade Mark.Full time legal support.Sales & Marketing support.Attractive remuneration package.
18 H O W T O B E C O M E I S L A M I C E S T A T E P L A N N E R S For New AssociatesOption 1 (training fee and 1 year RBS membership)RM 520Option 2 (training fee and 5 years RBS membership)RM 900 (can be payable by 2 credit card instalment)For Existing RBS AssociatesTraining Fee – RM 400Upgrade to Option 2 – RM 780For New AssociatesOption 1 (training fee and 1 year RBS membership)RM 800Option 2 (training fee and 5 years RBS membership)RM 1,280For Existing RBS AssociatesTraining Fee – RM 600Special PromotionJan – Mar 2005
19 H O W T O B E C O M E I S L A M I C E S T A T E P L A N N E R S Become RBS AssociateAttend Islamic Estate Planning Training (3 days)Use of Trade NameTraining Manual
21 S O U R C E S O F I N C O M E SERVICE FEES IEP Professional Will WritingRM 380 – RM 8,00045%Professional Will Custody:AnnualLifetimePremier LifetimeRM 80RM 800RM 1,20035%25%
22 S O U R C E S O F I N C O M E SERVICE FEES IEP Will Translation ServiceRM 152 –RM 3,20020%National Will Custody:AnnualLifetimePremier LifetimeRM 100RM 1,000RM 1,40035%25%
23 S O U R C E S O F I N C O M E SERVICE FEES IEP AST Appointment Fee RM 10040%Estate Administration Fee0.5% – 2%23%Amanah HayatHarta SepencarianRM900 (mono) RM1,100(polygamy)45%
24 INCOME POTENTIAL Services Cost IEP’s Comm A client wrote a RM 500 Wasiat with Annual Custody. Besides that, he appointed aST as the 1st substitute executor. He and his wife want to do a Harta Sepencarian Declaration worth RM 900. On his death, he leaves behind an estate worth RM 2 million.ServicesCostIEP’s CommProfessional Wasiat WritingRM 500RM 225Professional Wasiat CustodyRM 80RM 28 (yearly)aST Appointment FeesRM 100RM 40Harta SepencarianRM 900RM 405aST Executorship Fees (0.5–2%)RM 40,000(RM 9,200)TotalRM 698(RM 9,898)
25 INCOME POTENTIAL Income per month with 10 Wasiat IEP – RM 698 X 10 = RM 6,980 (RM 98,980)12 months – RM 5,180 X 12= RM 83,760 (RM 1,187,760)* IEP enjoys a deferred income of 23% of Estate Administration Fees
26 INCOME POTENTIAL Services Cost IEP’s Comm A client wrote an RM 1,500 Wasiat with Premier Lifetime Custody. Besides that, he appointed aST as the main executor. He and his wife want to do a Harta Sepencarian Declaration worth RM 1,000. On his death, he leaves behind an estate worth RM 5 million.ServicesCostIEP’s CommProfessional Wasiat WritingRM 1,500RM 675Professional Wasiat CustodyRM 1,200RM 300aST Appointment FeesRM 100RM 40Harta SepencarianRM 1,000RM 450aST Executorship Fees (0.5–2%)RM 100,000(RM 23,000)TotalRM 1,024(RM 24,024)
27 INCOME POTENTIAL Income per month with 10 Wasiat IEP – RM 1,024 X 10 = RM 10,240 (RM 240,240)12 months – RM 10,240 X 12= RM 122,880 (RM 2,882,880)* IEP enjoys a deferred income of 23% of Estate Administration Fees
28 Senior Associate/IEP – Overriding Structure Harta Sepencarian, Professional Document Custody, Professional Wasiat Writing, Professional Wasiat Translation, Professional Wasiat Custody & National Wasiat CustodySenior Associate/IEP8%4%Associate/IEP 1Associate/IEP 2
29 INCOME POTENTIAL Senior Associate/IEP 8% 4% Associate/IEP 1 – RM 50,000Associate/IEP 2 – RM 50,000Overriding CommissionIEP1 – RM 50,000 X 8% X 20= RM 80,000IEP 2 – RM 50,000 X 4% X 200= RM 400,000Total – RM 80,000 + RM 400,000= RM 480,000 per annum
31 SNOWBALL EFFECT OF ANNUAL CUSTODY FEE OVER 10 YEARS Assumption of 50 x 4 (2 family per week) = 200 Wasiat per yearYEARINCOME (RM)80% of Wasiat35% of RM80x ,480x ,960TOTAL ,400x ,400, x ,360, x ,320x ,440x ,920x ,880, x ,840, x ,800If continue at 1600 x 28 without new business, the perpetual income isRM44,800 per annum (RM3,800 monthly)
32 INCOME FROM AS-SALIHIN TRUSTEE ESTATE ADMINISTRATION FEES (Based on 200 wasiat written in 12 months)30% or 60 cases with as-Salihin Trustee as Main ExecutorAverage size of Estate is RM1 million60 cases x RM1 million = RM60 million2% of RM60 million = RM1.2 million20% of RM1.2 million = RM240,000
33 SNOWBALL EFFECT OF AST INCOME* OVER 10 YEARS ASSUMPTION 30% OF 2000 WASIAT APPOINTED AS-SALIHIN TRUSTEE BHDAverage estate size = RM500,0001 600 testators x RM500,000 =RM300,000,000% x RM300,000,000 =RM6,000,000% x RM6,000,000 =RM1,200,000Average estate size = RM1 million1 600 testators x RM1 million =RM600,000,000% x RM600,000,000 =RM12,000,0003 20% x RM14,000,000 =RM2,400,000* Deferred income upon death of Testators
34 THE PROCEDURE TO BECOME AN ISLAMIC ESTATE PLANNER SUBMISSION OFREGISTRATION FORMWITH PAYMENTSIGNINGAGREEMENTISLAMIC ESTATE PLANNER – START OFFERING SERVICE TO CLIENTSATTEND ISLAMIC ESTATE PLANNING TRAINING
35 Islamic Estate Planning Training Date: 21st – 23rd May 2005Venue: Thang Dynasty HotelTime: 9.00 a.m to 5.00 p.m