FBNQuest Trustees promotes Islamic estate planning

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.”

Zainab Odunayo
Zainab Odunayo
Zainab Odunayo is a News Reporter at Wakadaily News, specializing in politics and current affairs. With a strong passion for storytelling and a keen interest in social issues, Zainab brings insightful perspectives to her reporting.

Popular Related

Obasanjo: Mismanagement of Fuel Subsidy Removal and FX Hurts Nigerians

Former President Olusegun Obasanjo stated that Nigerians are becoming poorer and the economy is suffering due to President Bola Tinubu's poorly executed policies on...

Report says: African ESG bonds hit $4.4 billion naira 

The International loan securities provided by African entities to raise funds for investments observed with Environmental, Social and Governance principles has hit $4.4bn in...

States owe FG N1.7tn budget loans

The Federal Capital Territory and the government of 36 states owes the federal government an outstanding loan of N1.72trillion in budget support facilities. The Accountant...

High Food Prices Devour Nigerians’ Income

In May, high food prices continued to strain the wallets of Nigerians, with food inflation soaring to 40.66 percent. The costs of essential items such...

Ban dollar cash transactions to save naira, operator urge Tinubu

Lai Omotola, the Group Managing Director of CFL, has asked President Bola Tinubu to sign an executive order banning dollar cash transaction to save...

CBN printing of N22tn under Buhari fueled inflation –Edun

Wale Edun, the Minister of Finance and Co-ordinating Minister of Economy, disclosed that the N22.7tn printed by the Central Bank of Nigeria (CBN) through...

‘I can’t ignore her cry for help’ – Iyabo Ojo discusses the reported stalking and threats towards Mohbad’s mother

Mohbad passed away almost a year ago, yet the disputes surrounding his death continue to emerge occasionally. In a recent update, Nollywood actress Iyabo Ojo...

Coronation Group and Access Holdings partner to explore remittance opportunities.

A groundbreaking partnership to enhance remittance access in Africa has been established by Coronation Group, Access Holdings Plc, Safaricom Plc, and M-PESA Africa. This...

Union Bank promotes female inclusion

The appeals for a fair and inclusive society free from prejudice, stereotyping, and discrimination especially against women have been reaffirmed by Union Bank of...

CBN stop dollar cash payment for business travel, PTA

The Central Bank of Nigeria (CBN) has stopped dollar cash payment for Business Travel Allowance (BTA) and Personal Travel Allowance (PTA). All such transaction should...