Sulaiman Al-Rajhi (Saudi multi-millionaire)

EENI- School of International Business

Sub-subject: Sulaiman Al-Rajhi (Saudi Businessman and Philanthropist). Syllabus:

1. The Saudi Businessman and Philanthropist Sulaiman Al-Rajhi (Muslim)
2. The Al-Rajhi Bank
3. The foundation of his entire fortune to philanthropy

Sample of the sub-subject: Sulaiman Al-Rajhi (Saudi Businessman and Philanthropist)

Description of the Sub-Subject: Sulaiman Al-Rajhi (Saudi Businessman)

The Muslim Businessman Sulaiman Al-Rajhi was the founder of the Al-Rajhi Bank of Saudi Arabia, furthermore of multi-millionaire was a great philanthropist.

1. In 2011, his fortune was estimated by Forbes at 7 billion dollars
2. Al-Rajhi was a billionaire who voluntarily chose to give up all his wealth and become a poor man, donating all his money, properties, or shares previously held
3. Sulaiman Al-Rajhi is Muslim
4. Mr Al-Rajhi became poor after donating all his possessions to their children and charity
5. The SAAR Foundation founded by him is dedicated to managing all their philanthropic activities

“Now I have just my dresses. I donated all my possessions to my sons and charitable trust. For me, this position is not unusual. I reached two times the poverty, one when I was young, and the other today.

All belongs to Allah; we are only one who has been entrusted (God) to take care of them.

Every Muslim should think in some donations that could do good to his life after death.” Sulaiman Al-Rajhi

1. In recognition for his outstanding work to serve Islam, his leadership creating the world's largest Islamic Bank and his periodic giving to humanitarian projects to combat the poverty, Sulaiman Al-Rajhi was selected for the prestigious King Faisal International Prize for Service to Islam
2. Al-Rajhi also established the largest poultry farm in the Middle East and another project for shrimp farming.
3. He also established other investment projects in real estate
4. Sulaiman Al-Rajhi created the Al-Rajhi Bank in 1957, today is one of the largest Islamic banks, offering products and services according to Sharia principles

Sulaiman Al-Rajhi belongs to the Arab Economic Area of the Islamic Civilisation.

Religions and Global Business