Abdul Razzak Yaqoob
Encyclopedia
Abdul Razzak Yaqoob (ARY) is a wealthy Pakistani businessman based in Dubai. He is the owner of ARY Group
of Companies.
His migrated from Surat in India to Karachi in 1944. He came to Dubai
from Pakistan in 1969 to recover some money owed to his father from a friend. But Yaqoob realised that Dubai
was a place of opportunities and decided to stay on. It was in Dubai that Yaqoob created his wealth after running his business on a simple "maiz-kursi" (Table-Chair) format.
In 1972 Yakoob established ARY and opened its first outlet in Fikri market Deira
. He also started importing watches, perfumes and cigarettes. Two years later, when his brother, Mohammed Iqbal, joined him, the group branched out into dealing with food and Textiles. Besides catering to the local market, they also began exporting food-stuff to Iran. Yaqoob's current business includes a Gold and Silver trading segment.
Yaqoob is known to provide financial assistance to the Pakistani government in times of need.
by faith. He keeps a full beard and enjoys simple food. He has also performed the Islamic pilgrimage of Hajj
. He is therefore often listed as having the prefix of "Haji" before his name.
Abdul Razzak Yaqoob is head of the World Memon Organization (WMO)
. The WMO is a charity organisation that runs schools and hospitals for the poor, gives scholarships to deserving students and also provides financial support to underprivileged people around the world in addition to building mosques. He is currently involved in setting up a university in Dubai.
ARY Group
The ARY Group is a Dubai-based holding company founded by a Pakistani businessman, Haji Abdul Razzak Yaqoob. Abdul is the Chief Executive Officer and owner of the Group...
of Companies.
His migrated from Surat in India to Karachi in 1944. He came to Dubai
Dubai
Dubai is a city and emirate in the United Arab Emirates . The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi...
from Pakistan in 1969 to recover some money owed to his father from a friend. But Yaqoob realised that Dubai
Dubai
Dubai is a city and emirate in the United Arab Emirates . The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi...
was a place of opportunities and decided to stay on. It was in Dubai that Yaqoob created his wealth after running his business on a simple "maiz-kursi" (Table-Chair) format.
In 1972 Yakoob established ARY and opened its first outlet in Fikri market Deira
Deira, Dubai
Deira is an area in the city of Dubai, United Arab Emirates bordered by the Persian Gulf, Sharjah and Dubai Creek. Historically, it has been the center of Dubai, but has been losing its importance during the past few decades due to recent development along E 11 road and areas further down the...
. He also started importing watches, perfumes and cigarettes. Two years later, when his brother, Mohammed Iqbal, joined him, the group branched out into dealing with food and Textiles. Besides catering to the local market, they also began exporting food-stuff to Iran. Yaqoob's current business includes a Gold and Silver trading segment.
Yaqoob is known to provide financial assistance to the Pakistani government in times of need.
Faith
Yaqoob is MuslimMuslim
A Muslim, also spelled Moslem, is an adherent of Islam, a monotheistic, Abrahamic religion based on the Quran, which Muslims consider the verbatim word of God as revealed to prophet Muhammad. "Muslim" is the Arabic term for "submitter" .Muslims believe that God is one and incomparable...
by faith. He keeps a full beard and enjoys simple food. He has also performed the Islamic pilgrimage of Hajj
Hajj
The Hajj is the pilgrimage to Mecca, Saudi Arabia. It is one of the largest pilgrimages in the world, and is the fifth pillar of Islam, a religious duty that must be carried out at least once in their lifetime by every able-bodied Muslim who can afford to do so...
. He is therefore often listed as having the prefix of "Haji" before his name.
Abdul Razzak Yaqoob is head of the World Memon Organization (WMO)
World Memon Organization (WMO)
The World Memon Organization , has been formed as an international umbrella organization in order to unite Memon organizations, institutions, corporate bodies, associations, jamaats and individuals...
. The WMO is a charity organisation that runs schools and hospitals for the poor, gives scholarships to deserving students and also provides financial support to underprivileged people around the world in addition to building mosques. He is currently involved in setting up a university in Dubai.