Q: Does this mean your Faraid beneficiaries are losing their right to your estate?

With the new 2019 fatwa, under joint tenancy contract, your interest in the property would automatically pass to the surviving joint owner (such as your spouse) after your passing. It is no longer considered as part of your estate.

If you wish for your share to be distributed according to faraid, you can opt for tenancy-in-common contract where each co-owner holds a separate and distinct share in the property. Upon death, the share will form as part of the estate and be distributed accordingly.

You now have clearer options that are both religiously and legally valid.