Prominent Saudi businessman Saleh Abdullah Kamel, born 1941, died in Jeddah on Monday. He was the chairman and founder of the Dallah Al-Baraka Group, one of the Middle East’s largest conglomerates.
Kamel was chairman of the Jeddah Chamber of Commerce and Industry (JCCI) (2009-201) as well as the Islamic Chamber of Commerce.
In an interview with this newspaper of Aug. 10, 2012 he estimated the total value of Islamic zakat in the Kingdom at SR 1 trillion.
“Such a huge amount could be used to solve many economic and social problems in the country.”
He said that people should pay zakat for real estate properties that have been offered for sale.
“We Muslims should understand the economic wisdom behind the system if we collect and use zakat properly for it can bring about substantial improvement in our economic conditions.
He was called “the father of contemporary Islamic finance,” and received Malaysia’s Royal Award for Islamic Finance in November 2010.
He was involved in efforts to expand trade significantly among member states of the Organization of Islamic Cooperation.
In his capacity as chairman of Dallah Al-Baraka Group , he led numerous projects to promote Saudi Arabia as a regional economic force.
Source: Arab News
The information contained in this post is for general information purposes only. Opinion articles, comments are solely the responsibility of the author and does not necessarily reflect the views of BlazeNewz while we endeavour to keep the information accurate with objectivity as we adhere to global practice of journalism. Read our full Disclaimer.
Politics1 year ago
Breaking: Appeal Court Sacks Ekiti APC Senator, Adeyeye Declares PDP, Olujimi Winner
News1 year ago
I’m Not Afraid Of Death– Obasanjo
Politics2 years ago
Rivers Guber ”In The End, It Will Be A Sweet Victory” Wike Tells Party Members
Foreign8 months ago
Breaking : Another Virus, Hantavirus Surfaces In China
Sponsored Posts2 years ago
Come And Learn Yoruba Traditional Druming and Dancing
Economy3 weeks ago
Cement Price Drops – Check Out The Current Price
Politics1 year ago
2023 Presidency : Northern Youths Drum Support For Tinubu, Lambast El-Rufai Over Zoning Comment
Entertainment2 years ago
FULL LIST: Beyonce, Jay Z, Ariana Grande, Others Win Big At 2019 Brit Awards