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After the passing away of the Aga Khan III on July 11, 1957, with family members were in Geneva. Otto Giesen, a solicitor with the firm of Slaughter and May, brought the Will of the Aga Khan III to Geneva from Lloyds Bank, London, and read it at Barkat Villa before the Imam's family that:-

"Ever since the time of my ancestor Ali, the first Imam, that is to say over a period of thirteen hundred years, it has always been the tradition of our family that each Imam chooses his successor at his absolute and unfettered discretion from amongst any of his descendants, whether they be sons or remote male issue and in these circumstances and in view of the fundamentally altered conditions in the world in very recent years due to the great changes which have taken place including the discoveries of atomic science, I am convinced that it is in the best interest of the Shia Muslim Ismailia Community that I should be succeeded by a young man who has been brought up and developed during recent years and in the midst of the new age and who brings a new outlook on life to his office as Imam. For these reasons, I appoint my grandson Karim, the son of my own son, Aly Salomone Khan to succeed to the title of Aga Khan and to the Imam and Pir of all Shia Ismailian followers."