Who is Suleiman Abdul Aziz Al Rajhi?

"merchants, Supervise your work"

Suleiman Abdul Aziz Al rajhi -

Student: Anas Ibrahim Alowaibdi

Class: 3-3

Subject: Mega Goal 5

The beginnings of Suleiman Abdul Aziz
AlRajhi:
Sulaiman Abdul Aziz Al Rajhi, a
businessman, was born in Al-Bukayriyah
District in Al-Qassim Governorate in the
Kingdom of Saudi Arabia.Suleiman was
the third son in his family consisting of his
parents and 3 siblings, and the family lived
under very poor living conditions, which
prompted his father to travel outside his
area to the city of Riyadh with two of his
children in search of work that would
secure the family's sustenance.
After the father succeeded in getting a
suitable job, he returned again to Al
Bukayriyah to take the rest of the family
to Riyadh.
When the family arrived in Riyadh, the
father made sure that Suleiman enrolled
in school, so he spent some time there
before leaving it to work in trade. Of
course, the road in front of Sheikh
Suleiman was not furnished with roses
and silk, as he was forced to work in
several simple professions at first, working
as a porter of goods, as a guard for some
shops in the market, and also participated
in various construction work, He finally
ended up opening a small store in the
market, but he did not stay there for long,
as he decided to sell it and move to work
in a store belonging to one of his brothers.

CONTINUE……
Achievements of Suleiman
Abdul Aziz AlRajhi:

For the past periods of his life and during

his various business, as he dealt with
various international banks, but this
dealings were worrisome in most cases
due to fear of falling into legal
prohibitions, especially after he
discovered in 1392 AH / 1972AD the entry
of some few benefits to his accounts,
which confirmed His fears and invited him
to multiply research and thinking in order
to arrive at a new approach and concept,
and an innovative approach that
establishes an Islamic banking business.
He started in London and submitted to the
officials of the British Central Bank a
request for a license to open a consulting
services office, but the request was
rejected at first, but after the sheikh met
them personally and convinced them of
his point of view, it was approved and the
opening was in 1402 AH / 1981AD. Then
the sheikh began a world tour in order to
introduce the office, its services and
benefit.

In the absence of a specialized Sharia

supervisory body at that time, the sheikh
used to seek the fatwas and consultations
of many senior sheikhs and scholars,
especially Ibn Baz and Abdullah bin
Hamid, and in the same year, that is, in
 the year 1402 AH / 1981AD, the four
brothers met and the idea of an Islamic
bank was raised, especially that during
Their work in the company was trading
from the business akin to banking, despite
it being a money exchange company.
Everyone agreed to the idea and the
application was submitted to the state for
approval. Actually, the bank’s regulation
was approved and approved after nearly
six years and it was approved by the state
in 1408 AH / 1988 CE, due to the fact that
the system is new in concept and content
and was established under the name of Al-
Rajhi Banking & Investment Corporation. .
The number of the first founders was
around 132 founders, each of whom pays
three hundred thousand riyals.
 Quick facts about Sulaiman Abdul Aziz
Al-Rajhi :
Sheikh Suleiman worked as a porter and a
guard during the early stages of his life.
He recommended not to hold a funeral
.ceremony for him after his death
He gave up all of his wealth, and
distributed it among his sons and his
endowment foundation.
Sheikh Suleiman has been wearing the
same dress (Thob) for more than 30 years.

In the end, we thank you for reading this

paper. Praise be to God, who helped me
until I finished this research and helped
me write the topic.