Selling HDB flat due to Faraid 

Today’s our first HDB appointment to sell. So here’s a little background of what’s happening.

My mother, sister and I decided to sell the 2 room HDB flat we are currently residing in. The flat has been fully paid for. It was bought via joint-tenancy scheme between my mother and late dad. 

My late dad has 3 children (2 sons and 1 daughter) from his previous marriage. 

In Islam, there is the disbursement of wealth via faraid. Basically, half of the HDB 2 room flat we’re in belongs to my late dad. So the logical thing to do is to sell the flat to disburse the wealth to its rightly owners ie. his other children, my mother, my sister and me. 

We got a buyer who is willing to pay $250k for our flat. As such, half of it ($125k) needs to be distributed fairly according to the faraid law. 

Each of the male siblings will get 2/8 of the amount.

Each female will get 1/8 of the amount. 

Personally, I hope to settle this sooner than later because knowing that I’m living in a house that holds other people’s money isn’t a pleasant feeling, especially knowing that the other siblings are not so well off and it’s an amanah to disburse the wealth as soon as it is possible to do so. 

It has been more than 5 years since my dad passed away. In fact, none of them coveted for the house. I guess they don’t really know their rights towards the house. Therefore, is makes it more vital that I act accordingly. 

I hope that this would be a wonderful surprise for them. 

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s