My name is ALI AL ALI, I started my insurance broker company in 2016 by my self and it was working very well for 2 years then the city I was operating in, changes some rules that we all insurance brokers should follow if we didn’t company license will be suspended, this rule it was the main cause of my problems, the rule was to change the company security bank deposit From 500k to 3M Aed, which you can’t use the amount only if the company shut down additional to more and more rules, it was my first investment and I was alone with no support of my family or banks, then I start take loans from banks to fulfill the company inquiries such as office rent, facilities and employees monthly salaries but at the end I reach my limits I cannot afford it so I shutdown the company, moreover shutdown process required money then I end up with this huge bank debt, and I tried to close this debt which destroyed my life, my marriage and lose my home, I tried with banks, family and loans departments but unfortunately I end up with rejection, now I have 2 lawsuits from the banks against me.
im living a miserable life with no hope, no money and my salary the banks takes half of it and the rest goes for other obligations. In the same day of my salary I stay for the rest of the month with 1,200 aed only, Furthermore I got my back injured which resulted to 6 surgeries, I’m still in recovery period. I have one last hope that I got help from people, I still have faith in people, if people stick together for each other no one will suffer, I have faith in Allah then for the righteous people, please if anyone can donate even with one dirhams it will help, I just want to provide my family.
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