In order to educate people about the significance of estate planning under Islamic law, FBNQuest Trustees, a division of FBN Holdings, teamed up with the Metropolitan Law firm to hold the sixth Islamic Estate Planning Clinic.
Experts in Islamic estate planning and philanthropy participated in a panel discussion during the workshop, which took place in Abuja, according to a statement released by the firm on Tuesday.
The workshop focused on rapid technological advancement, the role of blockchain in technology, smart contracts, and the evolving landscape of estate planning.
The event was titled ‘Securing and Preserving Your Legacy.’
“It emphasised the need to understand technology and identify best practices for leveraging online platforms to connect, facilitate personalized estate plans, enhance trust, security, and fairness in multi-generational wealth transfer, particularly in the context of Shariah-compliant practices. Managing digital assets, providing remote legal services, boosting online education, and raising awareness were highlighted as key factors in preserving wealth across borders.
“The comprehensive presentation delved into these digital frontiers and strategies for leveraging digital tools and platforms to navigate the complexities of inheritance laws while upholding Islamic principles,” part of the statement read.
According to the Managing Director/CEO, FBNQuest Trustees, Adekunle Awojobi, represented by Head of Marketing and Business Development, Babajide Fetuga, emphasised the significance of Islamic estate planning in ensuring the security of your legacy.
He was quoted as saying, “The preservation of your legacy is crucial in understanding the actual value, as your legacy is not just material possessions but also reflects the impact we have made on the people around us and the values that we uphold. Therefore, we must safeguard it with a deeper sense of purpose and commitment.
“It is important to include wealth transfer in your Islamic estate planning to preserve your wealth and assets. Wealth transfer is a versatile and effective solution for securing the prosperity of your future heirs and leaving a lasting financial legacy for generations to come.”
