Emir Sanusi II Launches UTLAM Halal Fund in Kano
Emir of Kano, Muhammadu Sanusi II, launched the UTLAM Halal Fund during the opening ceremony of the UTL Kano office. He urged the public to expand their financial portfolios beyond just savings and loans to include various financial services, such as insurance products.
The Emir highlighted the importance of these services for individuals and families, especially in light of disasters like fire outbreaks that have historically impacted businesses in Kano. Dr. Shamsuddeen Usman, chairman of UTL, stated that the new office aims to provide Shari’a compliant services to the people of Kano.
He noted that the Ultimate Halal Fund will offer services that have been scrutinized and approved by a Shari’a advisory board, including managing trusts, wills, and other investment opportunities. The initiative is designed to bring financial services closer to the community, enhancing their financial resilience.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
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