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Sulaiman Abdul Aziz Al Rajhi


  • Jobs

    Businessman , philanthropist

  • Nationality

    Saudi Arabian

  • Place of birth

    Saudi Arabia , Al Bukairiyah , Al Qassim province

  • Constellation

What you do not know

Here at Arageek, we explore the inspiring life of Sulaiman Abdul Aziz Al Rajhi, a Saudi Arabian billionaire renowned for his significant contributions to Islamic banking and philanthropy. Born in 1929 in Al Bukairiyah, Al Qassim province, Saudi Arabia, Al Rajhi co-founded Al Rajhi Bank, which has grown to become the world’s largest Islamic bank. In 2011, Forbes estimated his wealth at $7.7 billion, ranking him as the 120th richest person globally.

Biography

Arabian billionaire businessman and philanthropist, co-founder of Al Rajhi Bank, the world’s largest Islamic bank.

Early Life

Sulaiman’s early life was marked by modesty and hard work. He and his brother Saleh initiated their business by providing currency exchange services to pilgrims journeying across the desert to the holy cities of Mecca and Medina. This humble beginning laid the foundation for their future endeavors in the financial sector.

The Personal Life

Sulaiman Al Rajhi is a family man, blessed with at least 23 children. Despite his immense wealth, he has maintained a life grounded in simplicity and devotion to his family and faith.

Quick Facts

  • Philanthropy: In May 2011, Sulaiman announced his decision to donate the majority of his $7.7 billion fortune to charity, reflecting his deep commitment to giving back to society.
  • Educational Initiatives: He established the Sulaiman Al Rajhi University in his hometown, focusing on health and Islamic banking disciplines.
  • Recognition: In 2012, he received the King Faisal International Prize for dedicating half his fortune to charity and for his role in establishing an Islamic bank.

Famous Quotes الشيخ سليمان بن عبد العزيز الراجحي

All wealth belongs to Allah, and we are only those who are entrusted to take care of them.

الشيخ سليمان بن عبد العزيز الراجحي

Achievements

  • Al Rajhi Bank: Co-founded Al Rajhi Bank, which has become the world’s largest Islamic bank, significantly influencing the global financial landscape.
  • Philanthropy: Donated a substantial portion of his wealth to charitable causes, establishing one of the largest endowments in Islamic history.
  • Agricultural Ventures: Founded Al-Watania Poultry, the largest poultry farm in the Middle East, contributing to food security in the region.

Other

Sulaiman’s life is a testament to the values of hard work, humility, and generosity. His journey from modest beginnings to becoming a leading figure in Islamic banking and philanthropy serves as an inspiration to many. His decision to distribute his wealth among his children and endowments during his lifetime reflects his foresight and commitment to fostering harmony and benevolence.

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