The International Conciliation and Arbitration Board (ICAB), in collaboration with the Institute of Ismaili Studies, and at the direction of Mawlana Hazar Imam, has produced Guidelines for Ethical Wealth Transfer and Inheritance Planning to assist Ismaili murids to engage in ethical wealth transfer and inheritance planning, recognizing that wealth has an ethical value and purpose.
As Mawlana Hazar Imam said in his Irshad Mubarak in Shugnan, Tajikistan on 25 September 1998, “Wealth and power are not objectives in themselves, but are to be used in the service of others.”
The Guidelines are based on ethical principles which reflect the values of our Tariqah, particularly, natural justice and equity. The term “natural justice and equity” emphasizes values of fairness, equity, empathy, kindness, and generosity, and reinforces the responsibility of murids to provide equitably and adequately for their immediate family and for those who might have a reasonable moral expectation to be cared for, especially the weak and the vulnerable.
The Guidelines are intended as a general aid for reflection to assist the Ismaili murid to achieve equitable outcomes. This cannot be accomplished through a ‘one size fits all’ formulation but through the murid seeking to internalize ethical principles and to apply them to his or her particular circumstances.
The Guidelines can be found here: https://the.ismaili/sites/default/files/icab_ewtip_en.pdf
Learn more: https://the.ismaili/sites/default/files/icab_ewtip_en_announcement.pdf