n NISM Certifications
X NISM Series X
Medium

Under Muslim Law, inheritance when a person dies testate is governed by the Muslim Sharia Law applicable to the sect (Shias or Sunnis), and the rules depend on the type of property involved.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    As agreed by the official legal heirs of the deceased person

  2. B

    As per the Muslim Personal Law (Shariat) Application, 1937

  3. C

    As finalised by the local Collector appointed by the Government

  4. As per the Muslim Sharia Law as applicable to the Shias and the Sunnis

    Correct answer

Why this is the answer

When a Muslim dies testate, inheritance is governed by the relevant Islamic Sharia law applicable to the sect, regardless of previous wills or agreements.

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