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From seafarer to economist: Saeed Lootah, 97, winds up his earthly journey

coastaldigest.com news network
June 29, 2020

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Dubai, Jun 29: Saeed bin Ahmed Al Lootah, a pioneering Emirati businessman and the founder of the world's first Islamic bank, is no more. He breathed his last on June 28.

Born in 1923, Saeed was instrumental in setting up the Dubai Islamic Bank (DIB) in 1975 to provide the community with a Sharia-compliant alternative to conventional banking.

He established several companies, organisations and societies, including the Dubai Consumer Cooperative. He also established the Islamic Education School in 1983 and the Dubai Medical College for Girls in 1986.

In 1992, Haj Saeed established the first College of Pharmacology in Dubai. Later he launched the Dubai Centre for Environmental Research, the Dubai Specialised Medical Centre, and the Medical Research Labs for health control and research into medicinal herbs and Islamic (Nabawi) medicine. He also set up an orphanage.

Saeed bin Ahmed Al Lootah was a self-made businessman who progressed from being a seafarer and trader to an accomplished tutor, author, economist, banker, entrepreneur, businessman and visionary community leader.

According to details available on the S.S. Lootah Group website, his "fervent adherence to the core values of education, cooperation and economy" helped empower "people to excel at everything they do".

"He realised the need to build permanent houses and ventured into construction. His 'capital' at that time were his skills, knowledge and hard work," the website said.

He laid the foundation of S.S.Lootah Contracting Company as a joint venture with his brother Sultan in 1956. "With the enduring values of education, cooperation and economy set as the foundations of his work, Haj Saeed started a number of businesses as well as not-for-profit education and research ventures, with an aim to serve the people of the UAE.

"Thanks to his vision and leadership, our home grown ventures continue to demonstrate unique values that extend well beyond its functional benefits - creating greater economic, social and environmental benefits for people in UAE and beyond."

Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, took to Twitter on Sunday to offer his respects.

Sheikh Mohammed said: "He was a trader who started with nothing. His touch is visible in several aspects of the Dubai economy."

Calling the deceased a "wise and smart man", Sheikh Mohammed said: "May Allah bless his soul and grant his family the strength to endure and persevere."

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, also paid his respects. "He combined economic leadership with charitable work. He launched charitable educational institutions and sponsored many orphans. His memory will live on. May Allah have mercy on him and grant his family patience."

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News Network
January 1,2025

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A new report released by the UN Human Rights Office says Israel’s indiscriminate attacks on hospitals in Gaza have had a catastrophic effect on the territory’s healthcare system.

Jeremy Laurence, Spokesperson for the Office of the UN High Commissioner for Human Rights (OHCHR) said on Tuesday the regime has used heavy bombs to attack civilians taking shelter in hospitals.

Laurence added that the UN office has also verified the precision targeting of people inside hospitals, including healthcare workers.

He stressed that deliberate attacks on places where the sick and wounded are treated is a war crime.

“And beyond the conflict itself, civilians were seriously impacted. Women, especially pregnant women, have suffered gravely,” he said.

“Our Office received reports that newborns had died because their mothers were unable to attend postnatal check-ups or reach medical facilities to give birth,” he added.

“Intentionally directing attacks against hospitals and places where the sick and wounded are treated, provided they are not military objectives, is a war crime,” he said.

“Intentionally directing attacks against the civilian population as such or against individual civilians not taking direct part in hostilities is a war crime. And intentionally launching disproportionate attacks is also war crime,” he stated.

Laurence said the Israeli regime’s pattern of deadly attacks on Gaza hospitals has pushed the healthcare system to the brink of total collapse.

His remarks came after UN human rights chief, Volker Turk, said earlier that Gaza's hospitals have become a death trap.

He urged independent and credible investigations into hospital-related incidents in Gaza.

Gaza’s population has been reduced by 6 percent since the beginning of the Israeli regime’s campaign of genocide in the besieged Palestinian territory in 2023, the Palestinian Central Bureau of Statistics said.

According to the bureau’s report published on Tuesday, the Israeli offensive has left 45,541 Palestinians dead, 11,000 missing and believed to be under the rubble. At least 100,000 have also been forced to flee, the report said.

The report reveals that “90% of children aged 6 to 23 months and pregnant women” face severe nutritional deficiencies in Gaza.

The report also indicates the Israeli forces deliberately “target specific groups of the population, such as children and youth,” which leads to a significant “distortion … of the population.”

According to the bureau, this will greatly reduce the birth rate, and negatively affect the age and gender structure of the population during the years to come.

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