Whenever people are about to embark on the religious Hajj pilgrimage to Makkah, they seem to feel the need to ask for advice from those who have already done it.
Because every Hajj is unique to each worshipper, the questions mostly revolve around practical tips on how to navigate a two-million-strong sea of white-robed pilgrims.
I embarked upon my pilgrimage in 2010 and recall speaking about the experience to my Mauritanian friend Yassine eight years later. My advice was all about what happens after the fact, and how he will feel when he returns to Abu Dhabi. “That’s when your real challenges begin,” I said.
I understood his miffed expression, because I had the same reaction when, just before travelling to the Hajj from Melbourne, an Australian teacher called Sara told me just that.
“What is she talking about?” I thought. “The challenge is to actually survive the Hajj.”
As someone who isn't comfortable in large crowds, I thought the pilgrimage would be the most challenging experience of my life. And in a way, it was.
To describe the Hajj as gruelling is an understatement.
For nearly a week, you are following a regimen that is both spiritual and physical. Daily prayers are mixed with walks to worship stations alongside millions of people from different languages and cultures.
While that sea of humanity is a beautiful thing to witness, it can be quite frustrating, too.
There were plenty of moments when I came close to losing my temper with other pilgrims in my Hajj group – one was constantly complaining about the facilities and the heat, while the other was always late to the bus, causing us to get stuck in endless traffic jams.
I resolved to keep my mouth shut, and hoped my muttered prayers would assuage my grievances. But even that was a worry. I was mentally running myself ragged in my quest to seek a spiritual high.
I was concerned that, despite my efforts and the hefty sum of money I paid to make the Hajj, I wasn't “feeling it”, so to speak.
But like the physical world, the spiritual realm can also be subject to the rule of hindsight.
For me, the Hajj was indeed no picnic but, on reflection, isn't that the point?
The lack of sleep, the gruelling tawaf (circumambulation) of the Kaaba at the Grand Mosque in Makkah and standing in the heat on top of Mount Arafat allowed me to discover hidden reserves of stamina and resilience I never thought I possessed.
The daily prayers offered in congregation gave me an understanding that a spiritual life is not about chasing one feeling, but is instead an evolving process that needs to be constantly nourished and refined.
Instead of an entirely new beginning, I learnt that the Hajj gave me the tools to begin to make the internal changes I seek. And that’s where the challenges that Sara spoke of lay. Gleaning those insights is one thing, but to use them in life to be the best version of myself remains a tiring and daunting process.
It is the equivalent of climbing Mount Arafat daily, and constantly stumbling on the way.
But, with the map and the tool kit that the Hajj provided me, at least I knew which direction to head in.
This story was originally published in 2018
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Read more on Hajj 2023:
What is Saudi Arabia's 'Proclaim to the People' initiative?
Muslims in Mena region determined to attend Hajj despite economic hardship
More Omanis to qualify for free pilgrimage
Eid Al Adha 2023: Where to watch the fireworks in Abu Dhabi and Dubai
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Saturday: Final practice - 7am; Qualifying - 10am
Sunday: Chinese Grand Prix - 10.10am
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Indoor cricket World Cup:
Insportz, Dubai, September 16-23
UAE fixtures:
Men
Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final
Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final
Mohammed bin Zayed Majlis
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