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Two brothers share of old Isfahan economy

Two brothers share of old Isfahan economy

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The two brothers of Hamedanian started their first organized charity in 1332 with the establishment of a school. Hamedanian brothers built some factories and employed huge number of people during their time. Not only these brothers employed vast majority of people of Isfahan in that time, but also, as a reward they would send some of best workers and their family on a trip to stay at a luxury hotel in Iran.

Hossein Hamedanian wrote while visiting a school: "I have witnessed many joyful moments in my life, but I found them all in the face of the screams of school students' gratitude. My sense of seeing the innocent looks of children cheering for a good act was so beautiful and pleasant that it will never be forgotten. I hope that at the last moments of my life, I will be a leader in the public good.”

After the death of Ali Hamedanian, his brother Hussein founded a charity foundation on June 24, 1344, and in June 1344, he founded the Hamadanian Boys' Primary School.

Building 17 schools has been part of the foundation's activities for the past 40 years. The institute was the most privately owned industrial charity foundation in that year. Hossein Hamedanian, in 1973, transferred all the movable and immovable property such as his historical house in Iran and his factory to the Foundation and the affairs of the Institute were managed by a charitable trust. After his death, he tended to devote profits to the University of Isfahan for charity work, so he appointed a trustee to oversee it and transferred Shahnaz Company to a charity on 8 June 1354. The President of the Supreme Court, the Director General of the National Bank of Iran, the Governor, the Chief Justice, the President of the University of Isfahan, and the two trustees constituted the trustees of the Charity Foundation.

With the establishment of the foundation, industrial units were exempt from paying taxes. After the revolution, Ayatollah Khademi gifted the foundation to Haj Ali, and later on, at the request of Ayatollah Taheri, the management of the foundation was transferred to a friend of his named Mr. Mehdipour. Currently, the foundation is run by Ayatollah Mazaheri (head of the Isfahan seminary). Various reasons were mentioned for the seizure of these properties, including local conspiracies and the role of the political powers.

Reaching 70, having no spouse, no children, and illness, could have been the reason for his action. After his imprisonment he changed ownership of the foundation. Its property was transferred to the Imperial Institute for Social Services.

Proposals by powerful political groups to Hussein Hamedanians for the transfer of property - due to inheritance - and problems with Hussein's discomfort created problems for him. On July 30, 1973, he was sentenced to nine months in prison for conspiracy to commit bribery and conscientious objection, and was sent to Isfahan's Khorshid Hospital because of his heart disease and his addiction.

He was released in May 1984, but was not allowed to run the economic institutions, then declared Hamadan Charities ineligible. In 1354 the registered and paid-up capital of the institute amounted to eight billion riyals. He owned several factories a luxury house accommodation in Isfahan and so on. A number of political, administrative, and religious officials were expecting the Hamedanians to help, with some governors and local officials demanding that Hamedanians pay part of their personal party expenses.

The scholars of the city expected him to pay for all kinds of religious regularly, and in good deeds he was expected to be a pioneer. Everyone had a right to their own wealth but him. His property was considered ungovernable.

After his release, Hamedanian went to his garden in Karaj, he spend some time in big hotels in Iran and some luxury hostels in Iran and then he went to London. He died of heart disease there in June 1977, and his body was buried in Takhte Foolad tomb with his brother. As such, the fate of industrial activity was halted by the influence of powerful groups, some managerial disabilities, lack of financial transparency, and no children. The largest textile unit was transformed into a small entity in the hands of state institutions and eventually the cement and sugar industry was administered by charities appointed to state institutions.


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