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Prince Rahim Al-Hussaini has been named the brand new non secular chief of the world’s Ismaili Muslims, succeeding his father, Prince Karim Al-Hussaini Aga Khan IV, who died on Tuesday.
Al-Hussaini, who’s the Aga Khan V, was confirmed within the influential position following the unsealing of his late father’s will, in response to a press release from the Aga Khan Growth Community.
The Aga Khan IV used the community to channel billions of {dollars} into enterprise growth in 30 nations, largely in Africa and Asia.
Al-Hussaini has change into the fiftieth hereditary non secular chief of Shia Ismaili Muslims, who think about him a direct descendant of the Prophet Muhammad.
“All through their 1,400 12 months historical past, the Ismailis have been led by a dwelling, hereditary Imam,” the Aga Khan Growth Community stated in a press release. There are roughly 12mn to 15mn Ismailis in additional than 35 nations, in response to the community.
Al-Hussaini, 53, chairs the community’s setting and local weather committee. He was educated at Brown College and was the Aga Khan IV’s eldest son, in response to the Aga Khan College web site.
The late Aga Khan died aged 88 on Tuesday in Lisbon. He was 20 when he succeeded his grandfather to change into the chief of Ismaili Muslims, in 1957.
Over his lifetime, the Aga Khan IV based and grew the Aga Khan Growth Community, which directs about $1bn yearly into initiatives centered on poverty alleviation, pluralism, gender equality and environmental preservation, amongst different points.
The community, which encompasses a number of companies, employs about 96,000 individuals and operates in additional than 30 nations.
The late Aga Khan, who was born in Geneva and studied at Harvard College, was additionally a profitable racehorse proprietor and breeder.
In a 2008 interview with the Monetary Occasions, the Aga Khan IV stated that he considered his work as that of a enterprise capitalist specialising in tough environments, including that he thought “financial help” needed to go hand in hand with “social growth” in poor communities.
“A group whose economics don’t change is just not one that may help group buildings, training, healthcare, it doesn’t have the wherewithal,” he added.
