Wills & Estate Planning · Sharia Wiz
Sharia Wiz Islamic Family Waqf
Co-Founder & CEO, HalalWallet
Facts are re-verified against Sharia Wiz's published materials; this page updates when the provider's terms, rates, or coverage change.
The first scholar-approved Islamic joint living revocable trust for Muslim American couples, co-developed by Sharia Wiz and Azzad Asset Management (the largest U.S. Sharia-compliant investment firm). One trust document covers both spouses, takes effect the moment it is signed, manages both spouses' assets during life, avoids probate for funded assets, and at the second spouse's death routes the remainder to the Quranic heirs by Faraid.
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What is the Sharia Wiz Islamic Family Waqf?
S. Sharia-compliant investment firm).
- Contract structure: Family Waqf.
- Available in all 50 states.
- Shariah oversight disclosed: Third-Party Certified.
- HalalWallet Index grade for Sharia Wiz in Wills & Estate Planning: A-.
- Verified against Sharia Wiz's published materials on 2026-08-13.
Source: HalalWallet (halalwallet.us)
Key facts
- Structure
- Family Waqf
- Service type
- islamic_family_trust
- Pricing
- $799 for the Joint Trust (Family Waqf) package, as published on shariawiz.com's compare page (July 2026).
- Lawyer review
- No
- State-specific compliance
- Yes
- Islamic features
- Joint trust for both spouses, Effective on signing (revocable), Avoids probate for funded assets, Faraid-compliant distribution at second death, Wasiyyah (1/3 charitable bequest) per spouse, Sharia-compliant investment-management terms, Successor-trustee continuity for incapacity, Co-developed with Azzad (largest U.S. Sharia-compliant investment firm)
- Availability
- all 50 states
- Shariah oversight
- Third-Party Certified
- Last verified
- 2026-08-13
Facts are taken from Sharia Wiz's published product materials and were last verified on 2026-08-13. Fields the provider does not publish are omitted rather than estimated.
Our take
A joint living revocable trust engineered for Muslim American couples: it manages both spouses' assets during life, skips probate for funded assets, and distributes by Faraid at the second death. The Azzad co-design means Sharia-compliant investment terms are written into the trust itself, which matters for families holding halal portfolios. At $799 (per shariawiz.com's compare page) it is the platform's priciest package, and the trust only works if you actually retitle assets into it. Best for married couples with larger estates, multi-state real estate, or business interests.
Strengths
- Scholar-approved joint living revocable trust covering both spouses in one document, valid in 49 states plus DC (Louisiana excluded)
- Routes the remainder to Quranic heirs by Faraid at the second spouse's death, with a 1/3 wasiyyah option per spouse
- Avoids probate for funded assets and provides successor-trustee continuity for incapacity
- Co-developed with Azzad Asset Management and designed by Islamic family-law expert Abed Awad, Esq.
Watch-outs
- $799 makes it the priciest single package on the platform - budget attorney review on top for complex estates
- Probate avoidance only applies to assets actually retitled into the trust - funding it takes work
- Built for married couples; individuals need the standalone Islamic trust instead
Is the Sharia Wiz Islamic Family Waqf halal?
The Family Waqf is a joint living revocable trust that encodes faraid distribution while satisfying US state trust law: the surviving spouse retains full control after the first death, and after both spouses pass, the trustee distributes to Islamic heirs per the platform's four-madhhab inheritance engine. Co-developed with Azzad Asset Management as the first scholar-approved structure of its kind in the US (company claim), it takes effect during life - closer to the classical waqf than a will that only speaks at death - and avoids probate entirely.
Shariah oversight disclosed by Sharia Wiz
Designed by Abed Awad, Esq. with the Sharia Wiz scholar panel (Imam Zaid Shakir, Dr. Abdullah bin Hamid Ali, Dr. Wael Hallaq, Dr. Shadee Elmasry, Dalia Mogahed) and Azzad's AAOIFI-aligned investment-Shariah governance. ShariaWiz documents approved in an independent Shariah audit by Raqaba.
HalalWallet reports the Shariah documentation a provider publishes. We do not issue certifications; consult a qualified scholar for a personal ruling.
What you get
- Joint living revocable trust covering both spouses in one document, valid in all 50 states plus DC
- Surviving spouse keeps full control after the first death; faraid distribution to Islamic heirs applies after both pass
- Eight-document set including Islamic pour-over wills (one per spouse), a Certification of Trust, and a trust-funding guide
- Co-developed with Azzad Asset Management - announced December 2021 as the first US Islamic family trust (company claim)
- Real-estate deed transfers into the trust available via The Dec Firm from $175
- Unlimited free document updates for life
Cost and terms
$799 for the Joint Trust (Family Waqf) package, as published on shariawiz.com's compare page (July 2026).
How it compares
Other wills & estate planning providers we list in the U.S., ordered by HalalWallet Index grade.
| Product | Structure | Shariah oversight | Availability | Grade |
|---|---|---|---|---|
| Sharia Wiz Islamic Family Waqf (this page) | Family Waqf | Third-Party Certified | all 50 states | A- |
| MyWassiyah Islamic Will & Estate Plan | Islamic Will | Named Scholar | all 50 states | B+ |
| The Islamic Seminary of America Islamic Will & Estate Plan | Islamic Will | Named Scholar | all 50 states | B |
| Bayaani Islamic Prenup & Postnup | Islamic Prenup | Named Scholar | all 50 states | — |
| Muslim.Estate Islamic Will | Islamic Will | Named Scholar | all 50 states | — |
Other Sharia Wiz products
- Community Property Agreement
Wills & Estate Planning · Marital Property Agreement
- Islamic Prenuptial Agreement
Wills & Estate Planning · Islamic Will
- Inheritance Calculator
Wills & Estate Planning · Islamic Will
- Healthcare Directive
Wills & Estate Planning · Islamic Will
- Power of Attorney
Wills & Estate Planning · Islamic Will
- Islamic Trust
Wills & Estate Planning · Islamic Will
- Elective Share Waiver
Wills & Estate Planning · Spousal Waiver
- Islamic Will & Estate Plan
Wills & Estate Planning · Islamic Will
Where it's available
Sharia Wiz lists the Islamic Family Waqf as available in all 50 states.
Availability may vary by product and can change; verify with Sharia Wiz before applying.
Frequently asked questions
Is the Sharia Wiz Islamic Family Waqf halal?
The Family Waqf is a joint living revocable trust that encodes faraid distribution while satisfying US state trust law: the surviving spouse retains full control after the first death, and after both spouses pass, the trustee distributes to Islamic heirs per the platform's four-madhhab inheritance engine. Contract structure: Family Waqf. Shariah oversight disclosed by Sharia Wiz: Third-Party Certified. HalalWallet reports what the provider documents; we do not certify products.
How does the Sharia Wiz Islamic Family Waqf work?
S. Sharia-compliant investment firm). One trust document covers both spouses, takes effect the moment it is signed, manages both spouses' assets during life, avoids probate for funded assets, and at the second spouse's death routes the remainder to the Quranic heirs by Faraid.
What does the Sharia Wiz Islamic Family Waqf cost?
$799 for the Joint Trust (Family Waqf) package, as published on shariawiz.com's compare page (July 2026).
Where is the Sharia Wiz Islamic Family Waqf available?
Sharia Wiz lists this product as available in all 50 states. Availability can change and may differ by state; verify directly with Sharia Wiz.
What are the alternatives to the Sharia Wiz Islamic Family Waqf?
In the same category we also list MyWassiyah Islamic Will & Estate Plan (HalalWallet Index B+), The Islamic Seminary of America Islamic Will & Estate Plan (HalalWallet Index B), Bayaani Islamic Prenup & Postnup. Compare every option side by side on our Islamic Estate Planning hub.
When was this Sharia Wiz product information last verified?
HalalWallet last verified the Sharia Wiz Islamic Family Waqf details against Sharia Wiz's published materials on 2026-08-13. Rates, fees, and availability can change after that date.
How to use this comparison: HalalWallet is an independent educational comparison platform - by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider - their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-08-13
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