Motivational / News Article / Non-Fiction / Under 300 words

Sulaiman Al-Rajhi’s Story (Part 2)

 sulaiman al-rajhi 1Saudi Arabia’s ‘rags-to-riches’ billionaire Sulaiman Al-Rajhi is also a world-famous donor to good causes. 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 2011, his wealth was estimated to be $7.7 billion, making him the 120th richest person in the world.

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His charitable foundation has also founded the Sulaiman Al-Rajhi Colleges, which is a newly-established private, non-profit, research university, comprising three graduate colleges: Medicine, Nursing and Applied Medical Sciences as well as a state-of-the-art University Hospital. These colleges are located in Al Bukayriyah, Saudi Arabia.

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sulaiman-al-rajhi 2Al-Rajhi’s story is very interesting because in 2011, he has decided to become a poor man at his own will without having any cash or real estates or stocks that he owned earlier. During his childhood, Al-Rajhi had to fight poverty and suffering, but Alhamdulillah, he soon started making his fortunes from scratch, relying on grit and determination, masha’Allah tabarakallah.

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However, in 2011, he became penniless again after transferring all his assets among his children and set aside the rest for endowments*.

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Al-Rajhi 3Al-Rajhi is still very active today and hardworking even in his 80s with youthful spirits. He begins his work daily after morning prayers and is active until Isha prayers before going to bed early. He is now fully concentrated on running the endowment project under his SAAR Foundation, and traveling various regions of Saudi Arabia managing activities related with it. He always carries a pocket diary containing his daily programs and activities and he is accustomed to stick on to the schedule he had prepared well in advance.

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* Endowment = Funds or property donated to an institution, individual, or group as a source of income.

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Based on http://salaf-us-saalih.com/2012/06/03/sulaiman-al-rajhis-life-a-rags-to-riches-story-must-read/

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Image Credits: musollabalaifelda.blogspot.com , syahrilkadir.wordpress.com , mustaqimmah.blogspot.com 
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