Abdul Rahman bin Auf business strategy – 13,188 tons of Gold

The story of Abd Al-Rahman ibn ‘Awf

Abdul Rahman bin Auf رضي الله عنه  was the richest Sahabi with a huge net worth which he generated through his simple yet effective business strategy. Abd al-rahman ibn ‘awf business strategy had 3 basic principles explained in this article.

He is among the 10 Jannati sahaba العشرة المبشرون whose entry to paradise was told by Prophet Muhammad ﷺ.

The story of Abd Al-Rahman ibn 'Awf

Abdul Rahman bin Auf Networth

When Abd al-Rahman ibn ‘Awf رضي الله عنه died, his net worth valued in Gold Coins was 3.1 billion Islamic dinars.

  • Islamic Dinar = 4.25 gms gold per coin 

If the whole wealth is converted into USD, then the calculation of Abd Al-Rahman ibn ‘Awf رضي الله عنه net worth is;

  • 4.25 X 3,103,000,000 X 70 = USD 923 billion.

As of March 2024, Elon Musk is the richest person in the world, with a total net worth of $215 billion, while Abd al-Rahman ibn ‘Awf’s was $923 billion.

The Net Worth of Abdul Rahman bin AufAbdul Rahman bin Auf – a business sensation

When Abd al-Rahman ibn ‘Awf رضي الله عنه arrived in Madina after migration, he had left all his wealth back in Makkah and had no money at all, so he had to start from the beginning—or, as we could say, start from scratch. In 622 AD, almost 70 Muslims migrated to Madina with their families.

He was paired with Sa’ad Bin Ar-Rabi’ah (رضي الله عنه), one of Madina’s well-off men.

Abdul Rahman bin Auf refused a farm as a gift

At that time, Sa’ad رضي الله عنه offered one out of two farms as a gift to him.  Abd Al-Rahman ibn ‘Awf رضي الله عنه answered: “May Allah bless you with your family and money but show me the way where the market is.” He was talking about “The market of Qainuqa”.

abdul rahman bin auf business strategy

Abd Al-Rahman started with just 4 Dinars

The initial capital of Abd al-Rahman ibn ‘Awf رضي الله عنه business was 2 or 4 dinars, from where his net worth became $923 billion.

He started trading in horses and added additional products, such as saddles, to his business. Soon, his business started flourishing.

abdul rahman bin auf business strategy

Abd al-Rahman ibn ‘Awf business strategy

The story of Abdul Rahman bin Auf رضي الله عنه reveals his business strategy, which is based upon 3 basic principles. 

  1. Low Gearing/High Liquidity

The first principle of Abdul Rahman bin Auf رضي الله عنه business strategy is cash. He never took a loan or gift from anyone because he firmly believed Allah (S.W.T) would provide him.

  1. High Volume/Low Profit

The second principle of Abdul Rahman bin Auf رضي الله عنه business strategy is he always tried to avoid storage of goods, he sold goods even if he was offered with one penny of profit.

It derived a High flow of money, so the main emphasis was on making earnings by increasing profits.

  1. High Credibility

The third principle of Abdul Rahman bin Auf رضي الله عنه business strategy is that he never concealed any faults in his products.

If his product was not up to the mark or had even a slight fault, he mentioned it in front of his customer.

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