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R O C K W I L L S R O C K W I L L S BUSINESS SOLUTIONS SDN BHD BUSINESS SOLUTIONS SDN BHD ISLAMIC ESTATE PLANNER Jointly Present To You The Opportunity.

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Presentation on theme: "R O C K W I L L S R O C K W I L L S BUSINESS SOLUTIONS SDN BHD BUSINESS SOLUTIONS SDN BHD ISLAMIC ESTATE PLANNER Jointly Present To You The Opportunity."— Presentation transcript:

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2 R O C K W I L L S R O C K W I L L S BUSINESS SOLUTIONS SDN BHD BUSINESS SOLUTIONS SDN BHD ISLAMIC ESTATE PLANNER Jointly Present To You The Opportunity As An A S - S A L I H I N T R U S T E E BHD &

3 R O C K W I L L S BUSINESS SOLUTIONS SDN BHD A wholly owned subsidiary of Rockwills International Sdn Bhd Supported by the same management team as Rockwills Corporation, the Pioneer and No. 1 company in Professional Will-writing & Professional Will Custody since 1995 Your Independent Link to the World of Financial and Support Services Your Independent Link to the World of Financial and Support Services

4 R O C K W I L L S BUSINESS SOLUTIONS SDN BHD Driven by the same management principles which have successfully establish Rockwills branch in the area Professional Will-writing & Professional Will Custody Set 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 Your Independent Link to the World of Financial and Support Services

5 A S - S A L I H I N T R U S T E E BHD T R U S T E E BHD a s-Salihin is a trust company incorporated under the Companies Act 1965 and registered under the Trust Companies Act 1949.

6 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 Malaysia Federal Court Judge Lord President 1984 – 1988 Member of Syariah Appeal Court, Kelantan Member of the Royal Commission on the Malaysian Police Force 2004– Tunku Dato Dr. Hajjah Sofiah Jewa D.J.M.K., D.S.D.K., J.P., L.L.M., (Miami), Ph.D, (Miami) of Lincolns Inn, Barrister, Advocate and Solicitor Founder of Yayasan Tun Suffian Berdaftar. 3. Datuk Dr. Jemilah Mahmood M.D., M.O.C., M.R.C.O.G., D.P.M.P., P.J.N. Consultant Obstetriction & Gynaecologist, Founder of Mercy Malaysia

7 1.Tun Dato Dr. Haji Mohamed Salleh Abas 2.S.S Dato Setia Haji Mohd Tamyes bin Abd. Wahid Dato Sri Utama Diraja Mufti Negeri Selangor B.A. Syariah Wal Qanun Universiti Al-Azhar, Mesir 3. Prof. Dato Paduka Dr. Mahmood Zuhdi bin Hj. Abdul Majid B. Sh (N.P), M. Sh (Azhar) M. Phil (Kent) Ph.D (UM) Dip. Edu (A. Shams) Professor at Department of Fiqh and Usul Academic of Islamic Studies University of Malaya 4. Dr. Siti Mashitoh binti Mahamood B. Sh. (UM), M.Sh. (UM), Ph.D (Birmigham) Head, Department of Syariah and Law, University of Malaya Board of Syariah Advisors

8 Honorary Consultant Dato Dr. Hj. Yaacob Hussain Merican D.J.M.K., A.S.D.K., J.P., LL.M (Miami), Ph.D, (Miami) of Lincolns Inn, Barrister, Advocate and Solicitor

9 as - S A L I H I N T R U S T E E BHD T R U S T E E BHD E stablished 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 Syariah.

10 as - S A L I H I N T R U S T E E BHD T R U S T E E BHD S ervices provided by as-Salihin in relation to estate planning, is done in a manner based strictly on the principle of Syariah. S upported by the Board of Syariah Advisors who are well-versed with the principle of Syariah.

11 Our Business Model High Touch High Tech IEP Your customers Rockwills We support you to support your client using our Professional system & do not bypass you. High Touch

12 C F P The Main link to C omplete F inancial P lanning The Main link to C omplete F inancial P lanning Distribution Why Estate Planning?

13 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.

14 Enhance your Knowledge Enhance Professional Image Complete your range of Services Career Satisfaction (noble service) Flexible Working Hours/Own Boss Retention of Customers & Open Door to New Business Enjoy perpetual income through renewal of custody and estate administration 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

15 Existing Clientele Existing Network Business Expansion Estate Planning

16 Expand Clientele Expand Network When your clientele and network expand… Business Expansion Estate Planning

17 M A R K E T C O M P A R I S O N & P O T E N T I A L MALAYSIAS POPULATION Total population 25,100,000 (June 2004) Muslim Adults More than 12,000,000 Only Less Than 1,000 Muslims have done their Estate Planning. Market Potential 99.9% Only Less Than 1,000 Muslims have done their Estate Planning. Market Potential 99.9%

18 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 E Offer Islamic Estate Planners The use of Trade Mark. Full time legal support. Sales & Marketing support. Attractive remuneration package.

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 For New Associates Option 1 (training fee and 1 year RBS membership) RM 800 Option 2 (training fee and 5 years RBS membership) RM 1,280 For Existing RBS Associates Training Fee – RM 600 For New Associates Option 1 (training fee and 1 year RBS membership) RM 520 Option 2 (training fee and 5 years RBS membership) RM 900 (can be payable by 2 credit card instalment) For Existing RBS Associates Training Fee – RM 400 Upgrade to Option 2 – RM 780 Special Promotion Jan – Mar 2005

20 Become RBS Associate Attend Islamic Estate Planning Training (3 days) Use of Trade Name Training Manual 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

21 What Are The Returns On I N V E S T M E N T ?

22 S O U R C E S O F I N C O M E SERVICEFEESIEP Professional Will Writing RM 380 – RM 8,000 45% Professional Will Custody: Annual Lifetime Premier Lifetime RM 80 RM 800 RM 1,200 35% 25%

23 S O U R C E S O F I N C O M E SERVICEFEESIEP Will Translation Service RM 152 – RM 3,200 20% National Will Custody: Annual Lifetime Premier Lifetime RM 100 RM 1,000 RM 1,400 35% 25%

24 S O U R C E S O F I N C O M E SERVICEFEESIEP AST Appointment Fee RM 10040% Estate Administration Fee 0.5% – 2%23% Amanah Hayat0.5% – 2%23% Harta SepencarianRM900 (mono) RM1,100(polygamy) 45%

25 A client wrote a RM 500 Wasiat with Annual Custody. Besides that, he appointed aST as the 1 st 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. ServicesCostIEPs Comm Professional Wasiat WritingRM 500RM 225 Professional Wasiat CustodyRM 80RM 28 (yearly) aST Appointment FeesRM 100RM 40 Harta SepencarianRM 900RM 405 aST Executorship Fees (0.5–2%)RM 40,000(RM 9,200) TotalRM 698 (RM 9,898) INCOME POTENTIAL

26 Income per month with 10 Wasiat IEP – RM 698 X 10 = RM 6,980 (RM 98,980) = RM 6,980 (RM 98,980) 12 months – RM 5,180 X 12 = RM 83,760 (RM 1,187,760) = RM 83,760 (RM 1,187,760) * IEP enjoys a deferred income of 23% of Estate Administration Fees INCOME POTENTIAL

27 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. ServicesCostIEPs Comm Professional Wasiat WritingRM 1,500RM 675 Professional Wasiat CustodyRM 1,200RM 300 aST Appointment FeesRM 100RM 40 Harta SepencarianRM 1,000RM 450 aST Executorship Fees (0.5–2%)RM 100,000(RM 23,000) TotalRM 1,024 (RM 24,024) INCOME POTENTIAL

28 Income per month with 10 Wasiat IEP – RM 1,024 X 10 = RM 10,240 (RM 240,240) = RM 10,240 (RM 240,240) 12 months – RM 10,240 X 12 = RM 122,880 (RM 2,882,880) = RM 122,880 (RM 2,882,880) * IEP enjoys a deferred income of 23% of Estate Administration Fees INCOME POTENTIAL

29 Senior Associate/IEP – Overriding Structure Harta Sepencarian, Professional Document Custody, Professional Wasiat Writing, Professional Wasiat Translation, Professional Wasiat Custody & National Wasiat Custody Senior Associate/IEP Associate/IEP 1 Associate/IEP 2 8% 4%

30 INCOME POTENTIAL Senior Associate/IEP Associate/IEP 1 – RM 50,000 Associate/IEP 2 – RM 50,000 8% 4% Overriding Commission IEP1 – RM 50,000 X 8% X 20 = RM 80,000 = RM 80,000 IEP 2 – RM 50,000 X 4% X 200 = RM 400,000 = RM 400,000 Total – RM 80,000 + RM 400,000 = RM 480,000 per annum = RM 480,000 per annum

31 Senior Associate/IEP – Overriding Structure Executorship, Guardianship & Administratorship, Private Trust & Wakaf Senior Associate/IEP Associate/IEP 1 3%

32 SNOWBALL EFFECT OF ANNUAL CUSTODY FEE OVER 10 YEARS x 28 8, x 28 4,480 TOTAL 246, x 28 22, ,120 x 28 31, ,440 x 28 40, x 28 13, x 28 17, x 28 26, ,280 x 28 35, ,600 x 28 44,800 YEARYEAR INCOME (RM) 80% of Wasiat 35% of RM80 35% of RM80 If continue at 1600 x 28 without new business, the perpetual income is RM44,800 per annum (RM3,800 monthly) Assumption of 50 x 4 (2 family per week) = 200 Wasiat per year

33 30% or 60 cases with as-Salihin Trustee as Main Executor30% or 60 cases with as-Salihin Trustee as Main Executor Average size of Estate is RM1 millionAverage size of Estate is RM1 million 60 cases x RM1 million = RM60 million60 cases x RM1 million = RM60 million 2% of RM60 million = RM1.2 million2% of RM60 million = RM1.2 million 20% of RM1.2 million = RM240,00020% of RM1.2 million = RM240,000 INCOME FROM AS-SALIHIN TRUSTEE ESTATE ADMINISTRATION FEES (Based on 200 wasiat written in 12 months)

34 SNOWBALL EFFECT OF AST INCOME* OVER 10 YEARS 2 2% x RM300,000,000=RM6,000, testators xRM500,000=RM300,000, testators xRM500,000=RM300,000,000 Average estate size = RM500,000 Average estate size = RM500,000 ASSUMPTION 30% OF 2000 WASIAT APPOINTED AS-SALIHIN TRUSTEE BHD 3 20% x RM6,000,000 =RM1,200,000 Average estate size = RM1 million Average estate size = RM1 million 2 2% x RM600,000,000=RM12,000, testators xRM1 million=RM600,000, testators xRM1 million=RM600,000, % x RM14,000,000 = RM2,400, % x RM14,000,000=RM2,400,000 * Deferred income upon death of Testators

35 THE PROCEDURE TO BECOME AN ISLAMIC ESTATE PLANNER SUBMISSION OF REGISTRATION FORM WITH PAYMENT SUBMISSION OF REGISTRATION FORM WITH PAYMENT SIGNINGAGREEMENTSIGNINGAGREEMENT ATTEND ISLAMIC ESTATE PLANNING TRAINING ISLAMIC ESTATE PLANNER – START OFFERING SERVICE TO CLIENTS

36 Date: 21 st – 23 rd May 2005 Venue: Thang Dynasty Hotel Time: 9.00 a.m to 5.00 p.m Islamic Estate Planning Training

37 CONTACT NOW !! YOUR NEAREST ISLAMIC ESTATE PLANNER ENCIK ISMAIL TAN TEL: (P) TEL: (H/P)

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