Abdullah sulaiman al rajhi story
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Al Rajhi Bank
ABOUT THE FOUNDER
Saleh bin Abdulaziz Al Rajhi was born in [5] in the city of Bkeriyah in Al Qassim Province in modern-day Saudi Arabia.[6] He grew up with his parents, Abdulaziz and Ayesha Al Rajhi,[7] and fyra siblings.[8] In , the Kingdom of Saudi Arabia was officially formed, leading to major developments in the capital city of Riyadh. Like many Saudis at the time,[9] Abdulaziz and other members of his family moved to Riyadh, motivated by the rise of job opportunities there.[10]
In Riyadh, the family settled in a house on Al-Sweilam Street.[11] Abdulaziz started out trading in bshoot (traditional Saudi men’s clothes), then later worked as a construction worker.[12] Meanwhile, Saleh and his siblings received their early education at the Quranic school of Al-Jami’ Al-Kabir mosque, in Riyadh’s Deira neighborhood.[13] Growing up in a poverty-stricken family led young Saleh to constantly look for ways to generate income.[14] Seeing tha
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Sulaiman Al-Rajhi’s life a rags to riches story
Saudi Arabia’s rags-to-riches billionaire Sulaiman Al-Rajhi is also a world-renowned philanthropist. He is the founder of Al-Rajhi Bank, the largest Islamic bank in the world, and one of the largest companies in Saudi Arabia. As of , his wealth was estimated by Forbes to be $ billion, making him the th richest person in the world. His flagship SAAR Foundation is a leading charity organization in the Kingdom. The Al-Rajhi family is considered as one of the Kingdom’s wealthiest non-royals, and among the world’s leading philanthropists.
Al-Rajhi is a billionaire who chose last year to become a poor man at his own will without having any cash or real estates or stocks that he owned earlier. He became penniless after transferring all his assets among his children and set aside the rest for endowments. In recognition of his outstanding work to serve Islam, including his role in establishing the world’s largest Islamic bank and his regular
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The pioneer of the foundation, Sulaiman Bin Abdul Aziz Bin Saleh Al Rajhi, was born in A.D. He was raised in a poor family and in difficult living conditions.
Always passionate about work, his determination in earning a living was strong and he worked in several professions and became one of the most successful businessmen in the world.
He used his wealth and influence for the greater good. In the beginning, the charitable work was directed to helping the needy. Following consultations with experienced professionals and religious scholars, Sulaiman Al Rajhi decided to establish a private institution to systematically carry out his charitable activities. In , A charitable committee was established.
Annually, the foundation supports approximately 1, charity projects in 13 regions, include more than cities and towns across the Kingdom. Projects are selected based on the needs of the Saudi society.
True to his giving nature and to sustain his benevolent work, Sulaiman Al Rajhi dec