Story of Bank Al Rajhi KSA

An inspirational person whom we all must know about

A palm grove in the Saudi Arabia in the city of Al-Qassim has more than 200,000 palm trees and is dedicated in the path of Allah.

There are 45 varieties of dates in this garden, the annual production is 10,000 tons of dates.
This garden is the largest waqf found on earth.

The income from this garden is used for building mosques in different countries of the world, for charitable work and arranging Iftar in the two holy mosques (Makkah and Madinah)

This garden has been dedicated in the way of Allah by the richest man of Saudi Arabia “Sulaiman Al Rajhi”.

Suleiman al-Rajhi opened his eyes in poverty, he left school in second year of elementary education.

He started working at age of nine as a porter, carrying shopping luggage for shoppers at Riyadh’s Al Khadra market.

At 12, he started collecting palm dates for a job that paid him no more than six Saudi Riyals per month.

He used to sleep on gravel at the same workplace wearing the same outfit he wears during his hard work.

Then he worked as a cook in a company catering to the government. When they refused to increase his salary, he left to open a grocery store with capital of SR 400.

Five years later, he started his banking career in money exchange. Later, he joined forces with his brothers to form Al Rajhi Banking and Investment Corporation, which grew to be a public company – Al Rajhi Bank.

Allah blessed his work.

In a short period of time, a network of banks called ‘Al-Rajhi’ spread throughout Saudi Arabia. He become multi-billionaire.

At present, the value of Sulaiman Al-Rajhi’s waqf is more than 60 billion riyals.

He owns a Saudi company and Al-Rajhi Bank, which has donated 170 million riyals for the corona virus, and handed over two hotels inside Makkah to the Ministry of Health.

The garden is listed in the Guinness Book of World Records as the largest endeavor ever.

Forbes Magazine has named him one of the world’s 20 greatest benefactors. His biography is worth reading.

In addition to founding the world’s largest Islamic bank, he established the largest poultry farm across the entire Middle East, Al-Watania Poultry.

You will probably not find a city in Saudi Arabia where mosques have not been built by the Al-Rajhi family, with full support of da’wah centers, Quranic charitable societies, etc.

And most importantly, they pay their 1.5 million employees before the end of the month.

Suleiman al-Rajhi called his children, wives and loved ones in 2011 and distributed his wealth among them and dedicated everything that came his way

In an interview he said :

“It is important that one leaves enough for his heirs, and great to see them enjoy their shares in peace with each other! However, as important, one should return a part of his fortune to the nation and society. We owe our success to the country that nurtures us, and to the people who trusted us and bought our products.

Besides, you owe yourself as much as you owe your family. Once you leave this life, the only investment that matters is what you saved for your other life.”

“So you gave half your wealth to your family and half to your endowment. What have you kept for your expenses? A house? A farm? A salary?”

“Simply, nothing!” he answered with a beautiful, calm and calming smile on his face.

“I am in my eighties! What would I possibly need? The endowment pays my bills, provides me with accommodation, food, medical and transportation, which I try to keep at a minimum. I am well covered!”

A multi-billionaire with no money! “How does it feel?”.

He smiled again, his eyes misted, and said, “I feel light! I feel free! I feel like a bird … and when Allah calls on me, I can answer His call with no strings attached! What a relief!!

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