News Highlights:
- First Trustees Limited and The Metropolitan Law Firm Host 7th Annual Islamic Estate Planning Clinic
- Clinic underscored the importance of transparency and equity in Islamic estate planning to prevent disputes
First Trustees Limited, a subsidiary of First HoldCo Plc., and a leading provider of trust solutions for individuals, corporations, and government institutions, has partnered with The Metropolitan Law Firm to host the seventh annual Islamic Estate Planning Clinic.
Digital TimesNG reports that this highly anticipated event aimed to educate attendees on the importance of estate planning under Islamic law while equipping them with the necessary expertise to navigate the complexities of Islamic inheritance law.
The event, themed “Wealth Transfer: Ensuring Seamless Equity and Clarity,” was recently held in Abuja and featured insightful panel discussions led by distinguished professionals on asset distribution and philanthropy in fulfilling religious obligations.
Panellists explored key topics, including the distribution of assets and the use of Sadaqah, Zakat, Wasiyyah, and Waqf, to maximise their impact while adhering to Islamic principles.
The sessions emphasised the need for fairness, transparency, and clarity in wealth transfer to avoid potential disputes or litigation among beneficiaries. The clinic also served as a platform to address and dispel common misconceptions regarding gender equity under Islamic inheritance law.
Industry specialists, including Ustadh Abubakar Muhammed Sadiq; Mutiat Olatunji, a Private Trust Specialist at First Trustees Limited; and Barrister Mohammed Yunusa shared their expertise on this critical aspect of Islamic estate planning.
Babajide Fetuga, Acting Managing Director of First Trustees Limited, delivered the keynote speech, reiterating the significance of equity and clarity in Islamic Estate Planning.
According to him, a well-structured estate plan is vital for the fair and seamless transfer of wealth, which can only be achieved by engaging a trustee who adheres to due diligence in managing the estate.
“It is indispensable to incorporate wealth transfer into your Islamic Estate Planning to guarantee equity and clarity during the administration of a trust,” he stated.
“Wealth transfer is a vital tool for securing the future of heirs and creating a lasting legacy. I strongly recommend seeking professional guidance when handling wealth transfer matters and establishing a trust. First Trustees is committed to leading important discussions in this area and providing valuable platforms to help Nigerians navigate these crucial matters.”
The clinic featured prominent experts, including Professor Dogarawa, a lecturer at Ahmadu Bello University, Zaria; Abdullahi Abubakar Lamido; and Rotimi Obende, Head of Private Trust at First Trustees Limited.
First Trustees continues to set the standard for important discussions on wealth transfer and preserving legacy in Nigeria, providing expert advice and guidance to individuals, corporations, and government institutions.
