Digest opened free editor
Rola Khaleda, FT editor, chooses her favorite stories in this weekly newsletter.
Aga Khan, the spiritual leader of the Ismaili Muslims in the world who poured billions of dollars in a vast business development network, died at the age of 88.
“His Highness Prince Karim Al -Husseini, Agha Khan IV, the genetic imam of the Shiite Ismaili Muslim Muslim.
He said that the announcement of his behind the appointed will follow him.
Aga Khan is a direct descendant of the Prophet Muhammad. In July 1957, at the age of twenty, he assumed the position of grandfather as a leader of Ismaili, who are the followers of the Shiite Muslim traditions.
His grandfather's inheritance was used to build the AGA Khan development network, which transports one billion dollars annually to projects in 30 countries, most of which are in Africa and Asia. Its interests include education, health care and the environment.
He was also known for his success as an owner of a race. His most famous horse was Sherjar, who won the ISOM Derby and the Irish Derby in 1981, which was kidnapped from an Irish mistress farm and was unprecedented again.
In an interview with The Financial Times, Aga Khan said he saw his role as a project owners who specialize in difficult environments, and laid the foundations of projects to lure other investors.
“There is no benefit from entering the wealthy economies and has its own resources, so we really go to poor resources. If you try to put social development before economic support, this does not work. You have to do both.”
Karim Al -Husseini was born in Geneva in 1936, and was known as Prince Karim. He graduated from Harvard University in 1959 with a Bachelor's degree with honors in Islamic history.
The Shah of Persia granted the title of Aga Khan to his family in the 1930s, after the Shah married his daughter from the grandfather of Aga Khan the Great.
