United Arab Bank, the fastest growing bank in the Middle East, has partnered with Just Wills to launch a new end-to-end will-writing and registration service – the first of its kind relationship in the UAE and the only service to offer wills designed in accordance with Shari’ah law.
The new end-to-end offering includes notarization, which has been approved by the courts and registered with the Ruler’s Court of Dubai. UAB will offer the service under Sadara Privileged Banking – part of the bank’s Retail Banking division – which offers premium banking and Wealth Management services to customers.
Just Wills is a Law Society-registered company, headquartered in the United Kingdom, which has extensive experience in producing both conventional and Islamic wills in accordance with the laws in the UAE and the Middle East. Its license was issued specifically for will writing services, which includes succession planning – the first time any company in UAE has been issued such a license. The company was also the first to receive a certificate from the Islamic Affairs Division to draft Wills for Muslims.
Commenting on the partnership with UAB, Mohammad Marria, Senior Estate Planner at Just Wills, said: “United Arab Bank and Just Wills Al Wasiyya JLT are proud to be working together to give our clients control and assurance of their wealth and assets with a will. This is a partnership of strength and reliability, and offers our clients solutions to plan for unforeseen circumstances and the inheritance of their property held in the Emirates or in their home country.”
Tony Graham, EVP-Retail Banking at UAB, said: “Having a will is a critical need for everyone – particularly those with families – and this partnership enables us to help our customers find the solutions they need. We’re particularly pleased to partner with Just Wills as this is their area of expertise and they offer both Shari’ah compliant wills in addition to conventional ones. We believe this will add value to our personal banking proposition and cover all aspects of wealth management.”
If an individual dies without a will, the property of the deceased is distributed according to a formula fixed by law – not only real estate, but also cash in bank accounts and all personal belongings. The new comprehensive service offered by UAB will enable customers to take complete control of the distribution of their assets, as well as the way that their body is treated after death.
Just Wills employs a highly qualified team of lawyers and is backed by a parent company in the UK, Just Wills PLC, which has a proven 20-year track record. It offers Professional Executorships Services – meaning clients can have complete piece of mind about the execution of their will.
Tuesday, April 1- 2014 @ 11:31 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.