He died this morning at his residence in South Mumbai, a spokesperson for the community said.
"Syedna was to celebrate his 103rd birthday in a few weeks," he said.
The leader was the eldest son of Syedna Taher Saifuddin, 51st Dai ul Mutlaq. He succeeded his father upon his death in 1965.
He was credited with transforming Dawoodi Bohras into a vibrant community. Bohras thronged to the Syedna's sermons.
Dawoodi Bohra is a sect of the Shia Muslims spread all over the world.
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Last year, thousands of Dawoodi Bohras from across the world flocked to the city to celebrate Syedna Mohammed Burhanuddin's 102nd birthday.
A grand procession was organised in honour of the Sydena at Bhendi Bazaar. As part of the celebrations, various activities like planting saplings, recitation and memorisation of the Quran and medical camps were held.
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