Lebanon's Grand Mufti accuses 'corrupt clique' in power of starving people, condemns Hezbollah
April 2, 2022, 4:04 pm

Lebanon's Grand Mufti accuses 'corrupt clique' in power of starving people, condemns Hezbollah

Lebanon's Grand Mufti Sheikh Abdel Latif with Lebanon's President Aoun (File photo: Facebook page)

The ASharq Al-Awsat reported, Lebanon's Grand Mufti Sheikh Abdel Latif Derian accused the "corrupt clique" in power of starving the Lebanese people, blaming them for destroying everything the Lebanese built in 100 years, including the judiciary and the banking sector and Lebanon's relations with Arab and international countries.

In his message on the eve of Ramadan month, the Mufti warned that the military institution and army are being deprived for the sake of militias affiliated with foreign forces, in reference to Hezbollah.

He also urged Lebanese citizens to participate "without hesitation" in the May 15 legislative elections.

"People feel hungry during Ramadan because they choose to fast, but starvation results from failed policies, corrupt rulers, complete disregard for human rights, and stealing people's money."

The Mufti accused the corrupt politicians of turning Lebanon into a country that suffers from starvation, fear, and deprivation while they keep "devouring the money you have unlawfully taken," saying it would be better if they fast from corruption and falsehood and give Lebanon "an opportunity to breathe."

Lebanon-Shiite-Nasrallah (File photo: Pixabay) — Lebanon's Grand Mufti Sheikh Abdel Latif Derian accused the "corrupt clique" in power of starving the Lebanese people, blaming them for destroying everything the Lebanese built in 100 years, including the judiciary and the banking sector and Lebanon's relations with Arab and international countries (File photo: Pixabay)

He also condemned the corrupt saying they destroyed Lebanon's relations with Arab and international countries, attempting to undermine the country's identity and affiliation.

Derian criticized the "desperate attempts to ruin Lebanon's identity and constitution, and destroy the principle of separation of powers in favor of personal feuds and miserable political interests."

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He summarized his message with central positions: the solidarity among the Lebanese at all levels, and solidarity from Arab countries and the world since the Beirut Port explosion, despite everyone's anger and despair over the lack of reforms.

In his second position, the Mufti addressed the upcoming elections, saying it is a peaceful way to achieve the goals which the Lebanese must follow without hesitation.

He urged all Lebanese voters to participate in the polls, "any alternative produced by the elections is better than the coercive and corrupt authority, and some candidates are motivated and willing to create change."

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Derian rejected the estimates that most candidates are of the same kind and are opportunists, saying: "I see that many candidates, whether old or new, are people who want change."

He said: "Any alternative produced by the elections is better than the coercive and corrupt authority, and some candidates are motivated and willing to create change."

Derian concluded his speech by addressing the national initiatives that unite Lebanese who suffered from the authority, such as the national dialogue.

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He called for a revolution against the oppressors, the tyrants, and the corrupt, urging all to choose alternatives through the elections.

Source: aawsat

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.