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Indian Gold Tycoon Firoz Merchant Extends Generosity, Funds Release of 900 Inmates from UAE Prisons Before Ramadan

28 February 2024

Renowned Indian businessman Firoz Merchant has made headlines yet again, this time for his benevolent act of financing 1 million dirhams for the release of 900 prisoners from jails in the United Arab Emirates (UAE) in anticipation of the holy month of Ramadan. He presented this amount as a payment for the fines imposed on prisoners for various reasons.

The philanthropic gesture, which comes as part of his ongoing humanitarian efforts, underscores Merchant’s commitment to supporting those in need and he wants to ensure that all Indian prisoners stuck in the UAE jail can be released and reunited with their families, particularly during significant religious occasions.

Merchant, known for his successful ventures in the gold industry, well-known industrialist in the Middle East and ranked No. 26 on the Forbes Middle East List of Indian Owners in 2014 has long been involved in charitable initiatives across various sectors, earning him admiration and respect both in India and abroad.

His latest endeavor not only reflects his compassion for the less fortunate but also highlights the importance of giving back to society, especially during times of spiritual significance.

This year, Merchant aims to assist in the release of over 3000 prisoners. He expressed gratitude for the support of government officials in this endeavor.

The beneficiaries of Merchant’s generosity, comprising individuals from diverse backgrounds, are set to be reunited with their families, offering them a chance at redemption and a fresh start.

As preparations for Ramadan commence, Merchant’s act of kindness serves as a poignant reminder of the value of compassion and goodwill, transcending borders and uniting communities in the spirit of generosity.

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