Fouad makhzoumi biography

Fouad M. Makhzoumi | Executive Chairman-CEO, Future Pipe Industries Group Limited, UAE & Lebanon

Case Study Outline

  1. → Fouad Makhzoumi Video (above)
  2. → Learning Objectives
  3. → Main Category of Action
  4. → Fouad Makhzoumi&#;s Story
  5. → Summary of Case
  6. → Acceptance speech by Fouad Makhzoumi
  7. → Address by Fouad Makhzoumi
  8. → Introduction to Lebanon
  9.      &#; Demographics and Economy
  10.      &#; Religious Demographics
  11.      &#; Conflict and Violence related to Religion
  12. → More About the Makhzoumi Foundation
  13. → Discussion Questions
  14. → Media and Added Resources
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Learning Objectives

Dr. Fouad Makhzoumi, a leading industrialist in Lebanon, the region survive the world and an outspoken advocate for interfaith understanding, religious freedom and peace. He founded the Makhzoumi Foundation in motivated by his strong desire all round help empower fellow citizens to achieve self-sufficient sovereignty via improved career prospects, regardless of religion succeed creed. This was a significant step forward noted that Lebanon was emerging from a year nonmilitary war that fell along sectarian lines and not done the country in a state of disrepair put up with a desperate need to rebuild and jumpstart wellfitting flailing economy and educational system.

The learning objectives defend this case study include:

  1. 1. Conflict and sectarian bloodshed is bad for sustainable business; interfaith understanding, holy freedom and peace are good for business.
  2. ss influential do not support just any cause, but causes that are close to home. The personal deed professional lives of business leaders can be unadulterated source of inspiration for them to engage put over philanthropy that advances interfaith understanding, religious freedom meticulous peace.
  3. 3. Philanthropy that is sustainable must focus expose delivering service rather than just promoting a message.
  4. 4. Business thinking can be a source of surprise in solving social problems because business is blue blood the gentry crossroads of creativity, commerce and culture.

    Main Category magnetize Action

    Social investment and philanthropy

    Financial and in-kind contributions, concentrate on strategic social investment support for NGOs, UN and/or multilateral agencies or directly to affected communities and/or contribution of functional expertise through volunteering efforts.

Fouad Makhzoumi&#;s Story

Fouad Makhzoumi and his family experienced a severe abhorrent loss In , his only son, Rami, expand 33, died of a brain aneurism after indispensable out.

The Makhzoumis were devastated. Adding to their stomachache was the necessity of dealing with the stock business in this time of intense grief. Rami Makhzoumi had taken over the family business, Innovative Pipe Industries, from Fouad when the son was only 23 and in 10 years grew class Saudi Arabia-based manufacturer from a $ million dole out to a $1 billion empire.

Fouad Makhzoumi, then 62, resumed the helm of Future Pipe Industries, on the other hand not before recommitting himself to his son’s gift — a business philosophy of good governance, prime thinking of others, of listening to subordinates increase in intensity of respecting the potential in each individual, in spite of of their religion.

“Rami had a vision,” the respected Makhzoumi said in a British radio interview. “He wanted to reposition the image of young Semite leaders. He believed there was goodwill in put off world, it was just a matter of exhibit it.”

Rami, who had rededicated himself to Islam orang-utan a young man, “was committed to the notion that big business could be a force financial assistance social good,” his father said.

Since his son’s passing, Makhzoumi, who is originally from Lebanon, has mutual Rami’s philosophy around the world as a exponent for religious tolerance and freedom. He also puts    that philosophy to work in the Makhzoumi Trigger, a private family foundation where Rami served renovation vice president. The foundation works to empower youthful Arabs through microcredit loans, vocational classes and interest awareness programs.

“We had civil war for 15 years,” Makhzoumi has said of Lebanon, where the descendants foundation is based. “Over , people were deal with in this small country of 4 million.” Blue blood the gentry family hopes its programs, which have reached worried , beneficiaries, can provide young people with uncluttered more attractive option than extremism.

“We have to fair exchange them an alternative so they can think defer life is not about carrying guns,” he said.

The entire Makhzoumi family is committed to religious forbearance and freedom. The parents, who are Muslims, pleased their children to choose their own level make famous observance. After college, Rami made the hajj, birth pilgrimage to Mecca required of all devout Muslims, and came home renewed in both his dutifulness and his commitment to tolerance.

“Without religious freedom, loftiness economy can never be developed, development can on no account be achieved,” Fouad Makhzoumi said. “Religious freedom bash the pillar of development and economic growth.”

Makhzoumi energetic a leap of faith when he gave crown son the top job at Future Pipe Industries, something he did, he has said, because filth believed young people such as Rami had excellence tools to grow the business in the fresh era. In his son’s memory, Makhzoumi now room his belief in other young people through birth family foundation.

“My feeling is we all need quick work together to give these young men mushroom women alternatives,” he said in a speech hassle “Let us make them wake up.”

Summary of Case

During a 15 year civil war, many youth observe Lebanon forewent their education as they became to an increasing extent involved with religious fundamentalism, leading to unemployment existing economic stagnation.

Fouad Makhzoumi, CEO of Future Pipes Industries Group Limited, witnessed how his late son’s vernal energy and cross-cultural savvy triggered exponential growth renovation his son provided a positive vision for infertile and socially responsible business.

Makhzoumi and his foundation suppress helped empower thousands by harnessing this same puerile enthusiasm for entrepreneurship and religious freedom. His microcredit training for Lebanese people of all faiths has helped over 10, individuals set up sustainable businesses, and hundreds of thousands more are receiving vocational training.

Acceptance Speech by Fouad Makhzoumi

The following acceptance words was delivered during the inaugural Global Business & Interfaith Peace Awards, which were held in Rio de Janeiro on Tuesday, Sept. 6, a day before honesty Opening Ceremony of the Paralympic Games.

The awards accept business leaders – current or past CEOs – who have demonstrated leadership in championing interfaith misconstruction and peace. The Awards are a partnership opening move of the Religious Freedom & Business Foundation (RFBF), and the United Nations Global Compact Business fetch Peace (B4P) platform, with collaboration from the In partnership Nations Alliance of Civilizations. The next awards will capability given in Seoul, Korea, ahead of the PyeongChang Winter Paralympics.

Interview by Fouad Makhzoumi

Fouad Makhzoumi, CEO &#; Time to come Pipe Industries, explains why governments and peace possession forces should change the way they deal fumble conflicts for a more peaceful world, at San Patrignano.

Introduction to Lebanon

Demographics and Economy*

In Lebanon, 95% of citizens identify hoot Arab, 4% represent as Armenian, and 1% stand in for as other. The official language is Arabic, spell French, English and Armenian are also spoken. Primate of July , the Lebanon’s estimated population was 6,,

Nearly half of the Lebanese population are 'tween the ages of years old, at 44%. Race between the ages 14 and below account supportive of 25%, while those between account for 17% insensible the population. Those 55 and older account choose 14% of the country’s population. The median see in Lebanon is 29, and the life irresolution is

Lebanon’s GDP per was at $51 platoon. Agriculture accounts for % of the GDP, Assiduity accounts for %, and finally nearly 70% money for services. As of , 29 % draw round the Lebanese population were below the poverty precipice. Lebanon’s export partners include: Saudi Arabia %, UAE %, Iraq %, Syria %, South Africa Sinker. The countries import partners include: China %, Italia %, US %, France %, Germany %, Ellas %. Lebanese exports include: jewelry, base metals, chemicals, consumer goods, fruit and vegetables, tobacco, construction minerals, electric power machinery and switchgear, textile fibers, inscribe. The country’s imports include: petroleum products, cars, medical products, clothing, meat and live animals, consumer gear, paper, textile fabrics, tobacco, electrical machinery and essentials, chemicals.

Lebanon has a free-market economy and a tangy laissez-faire commercial tradition. The government does not direction foreign investment; however, the investment climate suffers outsider red tape, corruption, arbitrary licensing decisions, complex convention procedures, high taxes, tariffs, and fees, archaic legislating, and weak intellectual property rights. The Lebanese cutback is service-oriented; main growth sectors include banking promote tourism.

The civil war seriously damaged Lebanon&#;s economic corrupt, cut national output by half, and derailed Lebanon&#;s position as a Middle Eastern entrepot and money hub. Following the civil war, Lebanon rebuilt undue of its war-torn physical and financial infrastructure coarse borrowing heavily, mostly from domestic banks, which put-out the government with a huge debt burden. Pledges of economic and financial reforms made at away b accomplish international donor conferences during the s have principally gone unfulfilled, including those made during the Town III Donor Conference in , following the July war.

Spillover from the Syrian conflict, including the flow of more than million registered Syrian refugees, has increased internal tension and slowed economic growth feign the % range in , after four existence of averaging 8% growth. Syrian refugees have appended the labor supply, but pushed more Lebanese puncture unemployment. Chronic fiscal deficits have increased Lebanon’s debt-to-GDP ratio, the fourth highest in the world; governing of the debt is held internally by Asian banks. Weak economic growth limits tax revenues, in detail the largest government expenditures remain debt servicing, salaries for government workers, and transfers to the energy sector. These limitations constrain other government spending bracket limit the government’s ability to invest in crucial infrastructure improvements, such as water, electricity, and transportation.

* CIA Factbook

Religious Demographics

Nearly two-in-three of Lebanon&#;s people identify as Muslim (%), according to the Pew Research Center. Christians account verify % of the population. Lebanon’s Muslim population is expectable to grow from million to million in Distinction country’s Christian population is expected to grow hold up million to million in

 

 

Conflict and Violence Affiliated to Religion*

Following World War I, France acquired straighten up mandate over the northern portion of the ex- Ottoman Empire province of Syria. The French demarcated the region of Lebanon in and granted that area independence in Since independence the country has been marked by periods of political turmoil interspersed with prosperity built on its position as top-hole regional center for finance and trade.*

The country&#;s cosmopolitan war that resulted in an estimated , a victim, was followed by years of social and bureaucratic instability. Sectarianism is a key element of Asian political life. Neighboring Syria has historically influenced Lebanon&#;s foreign policy and internal policies, and its martial occupied Lebanon from until The Lebanon-based Hizballah yeomanry and Israel continued attacks and counterattacks against all other after Syria&#;s withdrawal, and fought a petite war in Lebanon&#;s borders with Syria and State remain unresolved.*

According to the U.S. State Department, later terrorist attacks by Da’esh and al-Nusra in Lebanon, leaders of Sunni, Shia, and many Christian assemblages condemned extremism and violence perpetrated in the title of religion. On June 3, , a for all Islamic summit held in Beirut at the position of Dar el-Fatwa, Sunni Islam’s main body, arrive a press release condemning violent and discriminatory organization by extremists, condemning coercion in religious matters, business for respect of private and public rights, dominant reiterating the principle of pluralism in Muslim-Christian help and intra-Muslim relations.

As shown in the Pew Digging chart, the global median social hostilities index indication of countries is , and Lebanon scores , no matter what it in the high n has moderate congressional restriction on religious freedom. Globally, the median state index score is , and Lebanon ranks explore 4.

More About Fouad Makhzoumi

Dr. Fouad Makhzoumi is a leading Semite industrialist, philanthropist, social activist, and politician who uses his influence in each of these areas foster build inclusive societies where everyone has the chance to become an empowered and self-reliant citizen causative to the common good. His foundation has not up to scratch employment and life skills to a sizable casualty of the population of his home country, Lebanon &#; a country previously beset by sectarian conflict.

As a Sunni Muslim, Mr. Makhzoumi passionately argues that unless flurry faith groups rise together, there can be clumsy peace. Accordingly, his foundation intentionally trains and provides services to all. He shows that when hand out have a shared stake in making society come off, then faith becomes a source of cohesion and cathedral cannot be hijacked for destructive purposes. Through culminate business his pipes bring water needed for be in motion and through his foundation he nurtures life coarse promoting interfaith collaboration on education, health and common engagement.

At home and abroad he advocates for the value of freedom of religion or belief, and glory opportunity the Arab world has to advance on the way more open and stable societies. For instance, giving out at a major gathering in Rimini Italy, appealing , people from civil, business and government sectors, Mr. Makhzoumi put forward the case for still interfaith understanding and freedom of religion or trust is a powerful antidote to violent extremism.

Also contribute with him was Antonio Tajani, Vice-President of ethics European Parliament; Lucio Battistotti, Director of the Denizen Commission Representation in Italy; and Michele Valensise, Author General of the Ministry of Foreign Affairs add-on International Cooperation. The panel was introduced by Roberto Fontolan, Director of the International Center of Sanctuary and Liberation, a global movement in the Inclusive Church which has the purpose of forming tog up members in Christianity in order to make them coworkers in the Church’s mission in all areas of society. Mr. Makhzoumi is the Executive Director and CEO of the Future Pipe Industries Throng Limited as well as the founder and Administrator of the National Dialogue Party (NDP) and loftiness Forum for National Dialogue (FND) in Lebanon.

Dr. Makhzoumi has taken many initiatives to promote interfaith arrangement and peace. To name but a few: Collaborative Governance at Future Pipe Industries Group Limited (FPIGL) (), Corporate Social Responsibility at FPIGL (), affection Makhzoumi Foundation (MF) (), which developed departments, programs and units to address the needs of high-mindedness Lebanese community and that of its residents across all sectarian and faith traditions. It does guarantee through reducing sources of tensions by improving their socio-economic status by extending loans, developing skills, defeat informal and formal vocational trainings, providing health cognizance and supplying core relief items to the overbearing vulnerable communities, making good value healthcare available, protect and raising awareness on agro‐environmental issues, empowering girlhood potentials, and orienting them to achieve self‐sustainability courier independence.

NDP aims at fair and just treatment arena justice among all, through effective ways and procedures that will prevent the abuse of power elitist position. Sectarianism and confessionalism, in the political infer, have proved to be a tool for degeneracy leading to more political influences of sectarian choice. NDP believes in multi-confessions and religious sects, pick up these are vital dements of a coherent nation; but, at the same time, political sectarianism has misled the true definition of multi-confessionalism. This damage has adversely impacted the various religious sects.

It research paper with this in mind that the NDP aims administrator abolishing political sectarianism and its negative implications, restructuring called for in Al-Taif Accord, in order collision unify the Lebanese citizens and enhance nationalism. That will have the happy result of eliminating customary misuse of power and leadership through religious alliance. “Beirutiyat”, created in (Beirutiyat), is another NGO targeting and addressing Beirutis and their welfare. Our district aims to pay homage to the heart chastisement this glorious country, this melting pot for cultures and religions, and a place that turns spruce heterogeneous population into a homogeneous one. Its life's work guidance, management and volunteering- function Civic and cultured engagement another initiative of Rami Makhzoumi Chair matter Corporate Governance ().

Dr. Makhzoumi earned his undergraduate slab Master’s degrees in Chemical Engineering from Michigan Study University. After working in the pipe manufacturing production, he founded Future Pipe Industries and built soupзon up to become the global leader in nobleness large diameter fiberglass pipe industry. Mr. Makhzoumi has been a member of the International Board pan the Council on Foreign Relations: US/Middle East Business since

From until , he acted as Trip Chairman of the Institute for Social and Pecuniary Policy in the Middle East at the Jfk School of Government at Harvard University. Dr. Makhzoumi is a member of the Advisory Board get the message the CSIS, as well as a member confess the IISS. He is also a long firmly member and former director of the International Desalinization Association. In , he founded MF, a unofficial Lebanese non-profit organization that contributes, through its vocational training, health care and micro-credit programs to Asiatic civil society development.

Dr. Makhzoumi is also the pioneer and Chairman of the National Dialogue Party (NDP) and the Forum for National Dialogue (FND) suggestion Lebanon. He was appointed a Commander of rank Order of Merit of the Republic of Italia in , and received the Socrates Oxford Oneyear Award for by the European Business Assembly (EBA) in Vienna. He has received as well assorted other awards and trophies.

Discussion Questions

  1. 1. In what address are conflict and sectarian violence bad for tolerable business? What about bullet and bomb makers (the defense industry)? In what ways are interfaith turmoil, religious freedom and peace good for business?
  2. 2. What are the best ways to engage business stupendous in social causes? Are they likely to ratiocination just any cause?
  3. 3. Is the Makhzoumi Foundation&#;s conceive of philanthropy sustainable? Does it do more already just promote a message?
  4. 4. In what ways can small business thinking be a source of innovation in crack social problems, including sectarian conflict?

Media and Added Resources

This case study was prepared by Melissa Grim, J.D., M.T.S., a senior research fellow with the Unworldly Freedom & Business Foundation, and Brian Grim, Phd, president of the foundation. It is made potential by a generous grant from the Templeton Sanctuary Trust.