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10 - PEOPLE/(A-G)/Agha Hasan Abedi.md
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@ -6,6 +6,9 @@ tags:
- Person
- BCCI
summary: "Agha Hasan Abedi was a Pakistani financier who founded the BCCI in 1972, with the intention of creating the Third World's first multinational bank."
born: 1922-05-14
died: 1995-08-05
location: "Lucknow, India"
---
Agha Hasan Abedi was a Pakistani financier who founded the [[Bank of Credit and Commerce International|BCCI]] in 1972, with the intention of creating the Third World's first multinational bank. He is described as a diminutive man, the son of petty bureaucrats, who handcrafted BCCI into one of the most powerful private organizations globally by the early 1980s.[^1] Abedi was a visionary and a romantic, a Muslim who drifted into the secretive Sufi sect, which influenced his unique business style. He incorporated Islamic mysticism into the bank's driving force, emphasizing spiritual progress and a democratic theory of management, which eventually devolved into corruption. He was known for his ability to build relationships with ruling elites and for his philanthropic efforts in the Third World.[^2]