May 06, 2021 / 01:00PM / Bukola Akinyele-Yisau for WebTV / EcoGraphics
As the Islamic Finance industry evolves in Nigeria, one area that shows immense prospects for deepening the market is the wealth management sector.
Globally developed economies and markets like the United States and United Kingdom have a variety of Islamic Finance Wealth Management products covering Wills, Trusts and Estate Planning.
In Nigeria, FBNQuest Trustees is at the forefront of developing the market by providing investment and estate planning opportunities for individuals that are in accordance with their values and religious beliefs.
According to Eureka Hedge "Many wealthy Muslims have begun to realize that it is important to have legal arrangements in place in relation to their extensive assets and that they are not limited to leaving an estate that will be distributed in accordance to Islamic inheritance rules only".
This covers areas like inheritance laws, estate planning, wills and trusts, transfer of assets to beneficiaries, preparation for exigencies, succession planning amongst others.
FBNQuest Trustees has used various platforms to increase awareness on the value of Islamic Estate Planning products. The organisation offers a number of generational wealth transfer services which are accessible to all individuals. To find out more about the FBNQuest Trustees products and services, please follow FBNQuest on social media or visit the website www.fbnquest.com/trustees/
The WebTV's Islamic Finance Weekly programme on Friday May 14th, 2021 at 1.00pm is a special edition with Mr. Abimbola Ajinibi, Vice President, FBNQuest Trustees. The programme is themed "Dynamics of Islamic Wills, Trust and Opportunities for Investments".
Bimbo Ajinibi is currently a Vice President with FBNQuest Trustees and serves as the Regional and Business Development Head, North. He is a seasoned professional with over 22 years' experience spanning Trust Services, Estate Planning, Private Banking/Wealth Management, Credit/Marketing, Relationship Management and Financial Services.
Some of the key issues to be discussed will include;
1. Understanding Islamic Wills
2. How Islamic Wills Can be Explained To an Individual
3. Why Islam Emphasizes Leaving a Will
4. The Basic Principles of Islamic Inheritance and How To Prepare an Islamic Will
5. The General Islamic Rules for Distributing One's Equity Interest in Assets
6. Understanding the Difference between a Trust and Will
7. Estate Planning in Nigeria; Investment Opportunities For Muslims & Non-Muslims
To participate, register for free via: https://islamicfinanceweekly.eventbrite.com