This episode of Muslim Money Talk dives into the dangers of poor succession planning, inheritance disputes, and the looming inheritance tax crisis for Muslim families and business owners in the UK. Guest expert Ruzwan Boota shares real-life case studies, explains Sharia-compliant wills, and highlights urgent steps families must take to protect wealth, avoid riba, and preserve unity.
This podcast is hosted by Areeb Siddiqui, the founder and CEO of Kestrl, the app that helps people to grow their wealth without compromise
Find out more about our app here: https://kestrl.io/
And how we help banks here: https://business.kestrl.io/
Show Notes:
00:00 - Opening
02:42 – Introduction of guest Roswan Bhuta, his background in tax advisory
04:16 – Stories from advising footballers on wealth protection
05:56 – Transition to iWills and focus on Muslim tax advisory
07:34 – Muslim wealth, poverty stats, and proactive tax planning
09:05 – Case study: business owner who delayed planning and left chaos
13:04 – Family disputes, Sharia vs. non-Sharia inheritance splits
16:49 – Sharia-compliant wills: rules, shares, and misconceptions20:33 – Examples of siblings inheriting in absence of sons
21:29 – Using trusts to protect irresponsible heirs
22:24 – Process for drafting wills quickly and affordably
25:53 – Kestrel fintech interlude (ad segment)
26:14 – Inheritance tax thresholds, reliefs, and new 2026 law
31:43 – Financial burden on families and rise of riba loans
32:52 – Urgent planning window before April 2026
34:17 – Shaitan’s influence in family disputes over wealth
34:53 – Implications for startups and co-founders
37:24 – Passing on debt and the dangers of delaying Sharia compliance
39:32 – Client story: widow deciding to clear riba mortgages
43:17 – Fees, transparency, and honest tax advice
45:49 – Step-by-step approach: wills, trusts, and family conversations
48:22 – Trust structures to protect immature beneficiaries
49:53 – Importance of proactive planning, not waiting for death
50:24 – Muslims and generational wealth building
51:16 – Practical takeaway: seek specialist tax advice, take action now
