Skip to content
Search

Latest Stories

Shia Imami Ismaili Council in UK gets Asian businessman as president

AN ASIAN businessman has been appointed the president of His Highness Prince Aga Khan Shia Imami Ismaili Council for the UK.

Naushad Jivraj took over the role on July 11 and will serve a three-year term.


Jivraj is the CEO of Queensway Group, a family business founded in the 1970s with interests in the real estate and franchise sectors.

The company are franchisees of the Starbucks brand in the UK with 14 stores and the KFC brand in Austria and Slovakia where they operate 10 stores.

They also own and operate seven Point A Hotels in London, two in Scotland (Edinburgh and Glasgow) and one under development in Dublin.

Recently, Queensway Group acquired The Sloane Club, a private members’ club, in London Chelsea in partnership with Clearbell Capital.

In his new role, which is a voluntary position, Jivraj’s remit includes the UK as well as Austria, Sweden, Denmark, Germany, Italy, Spain, Ireland, and the Netherlands.

He will be responsible for the welfare of 18,000 Ismaili Muslims and the council whose teams focus on education, economic planning, legal matters and health, among others.

More For You

UK household savings drop

The saving ratio dropped by 0.7 percentage points to 9.5 per cent, its lowest level in over a year

Getty Images

UK household savings drop to lowest level in over a year as tax burden bites

Highlights

  • Household saving ratio drops to 9.5 per cent, lowest since mid-2024, as tax increases outpace income growth.
  • GDP growth confirmed at 0.1 per cent for July-September period, down from 0.2 per cent in previous quarter.
  • Britain's economic momentum fades after strong start to 2025, with zero growth expected in final quarter.

British households saved significantly less between July and September this year as higher taxes squeezed disposable incomes, forcing families to dip into savings to maintain spending levels, according to official data from the Office for National Statistics.

The saving ratio dropped by 0.7 percentage points to 9.5 per cent, its lowest level in over a year, as real household disposable incomes took a substantial hit from tax increases which outweighed income growth and inflation pressures.

Keep ReadingShow less