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The earliest record we have of Khoja settlement in Basra comes from Ahmed Nizari, A Hyderabadi Khoja from Muscat, who settled there after a business trip to Iraq and Iran in 1932.

His oral family history notes there were scarcely 12 to 15 Indian (Khoja) Ismaili merchants in Basra at that time, including M/S Pesan Allana Bros. on New Street, Basra with a total number between 50 to 60 persons.