IslamicFinanceGuru Podcasts Managing Generational Wealth, Mixing Family & Business, Millionaire's Investing Plan | Rizvan Khalid
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Mar 18, 2024 Learn about managing generational wealth, family business dynamics, millionaire investing strategies, and impact investing in the Islamic ecosystem from guests like Rizvan Khalid, CEO of Euro Quality Lamb. Gain insights on nurturing responsible successors, navigating the livestock market, Zakat perspectives on investments, and balancing income generation with long-term investments in a diversified portfolio.
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Open Communication about Inheritance
- Have open conversations about inheritance to avoid future disputes.
- Document family values and business involvement to prevent misunderstandings.
Core Family Values
- Establish a central value system framework for your family and business.
- This ensures consistent decision-making and long-term success.
Protecting Family Business Assets
- Protect family business assets, especially when family members marry outside the family.
- Use pre-nuptial agreements to segregate shares and maintain control within the family.