There are two basic ways of acquiring wealth. Earning it through land, labor or capital and Acquired it through transfers institutionalized by law. These includes Faraidh or Inheritance, Wasiyya or bequest and willed, Waqf or endowment, Hiba or gift, Umra'ruqba or life time donations of immovabnle property, and Zakat or charity.

Faraidh (Inheritance) - In Islamic jurisprudence, a Muslim must abide by the following rules. (A) A Muslim is not entitled to inherit from a non-Muslim, and a non-Muslim is not entitled to inherit from a Muslim (B) Shares are given to those who are entitled to them, and what remains over goes to the nearest male heir. (C) If a person dies leaving behind only a daughter, 2/3rds of the inheritance will go to her and the other 1/3rd should be given as sadaqa.

According to Islamic law, the wealth of the deceased is usually distributed accordingly to the children regardless of their gender. However the male agnates often acquire a percentage more of the distributed wealth. And among the male agnates, there are rules of priority, for example, the son of the deceased takes priority over the father, who in turn takes priority over the brothers who in turn take priority over the paternal uncles. It is the law that the share of the male is twice that of a female. This is because the male heirs have been entrusted the duty to care for their female siblings and hence have a larger proportion of the distributed wealth. (Surah An Nisa:11) ...Surely Allah is the Knowledgeable, Wise.

Waqf (endowment) refers to property, which should not be sold, given away as gifts or inherited. It is usually a charitable trust in the name of Allah, which should be made to good use to benefit others, especially for the purposes of establishing the Deen of Islam, teaching useful knowledge, feeding the poor or treating the sick.