The uncommitted movement called on Democratic voters to not support President Joe Biden in the Michigan Democratic primary because of his support for Israel in its war against Hamas in Gaza. AFP
The uncommitted movement called on Democratic voters to not support President Joe Biden in the Michigan Democratic primary because of his support for Israel in its war against Hamas in Gaza. AFP
The uncommitted movement called on Democratic voters to not support President Joe Biden in the Michigan Democratic primary because of his support for Israel in its war against Hamas in Gaza. AFP
The uncommitted movement called on Democratic voters to not support President Joe Biden in the Michigan Democratic primary because of his support for Israel in its war against Hamas in Gaza. AFP

Muslim group backs Harris as pro-Gaza delegates vie for influence in Democratic Party


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A US Muslim group that previously belonged to the “uncommitted” voter movement pushing for a ceasefire in Gaza has voiced its support for Democratic candidate Kamala Harris for President.

The Black Muslim Leadership Council Fund – a national organisation focused on policy advocacy for urban communities, voter registration and turnout, civic education and leadership development – first told NBC News of its decision on Thursday.

It is believed to be the first Muslim group in the uncommitted movement to back Ms Harris after President Joe Biden ended his re-election bid and endorsed his Vice President for the party nomination.

The movement had urged Democratic voters during the primaries to mark the “uncommitted” box on their ballots in protest against Mr Biden and his support for Israel amid the Gaza war. An estimated 700,000 did so nationally.

Salima Suswell, founder of the BMLCF, told The National that Ms Harris has shown more support for Gaza than Mr Biden.

“Vice President Harris did come out to call for a ceasefire early on, back in March, and she has done so repeatedly,” she said.

“She's also expressed empathy as it relates to civilian life and the need to give aid to the people, and so we feel more comfortable that she will have a balanced approach to policy relating to the humanitarian crisis in Gaza.”

Ms Suswell, who worked on the Biden-Harris campaign in 2020, said the BMLCF's decision to join the uncommitted movement came from a growing “displeasure” and “disappointment” in the community over how the Biden administration was approaching the conflict.

Asked whether she is more optimistic about the situation in Gaza now that Mr Biden has dropped out, she said she is waiting to see what happens next.

“I think that we can't expect the Vice President, just because she's been endorsed by the President to be the nominee, we can't expect it just because she's running a campaign for President that she will all of a sudden be able to influence the current administration's policy around Gaza,” Ms Suswell said.

“She's still the Vice President, and she's going to serve at the pleasure of the President, and so we still need to be looking towards Biden and engaging his administration, his office, and putting pressure on them to do the right things that would lead to a ceasefire and an end to this war.”

Still uncommitted?

Ms Harris is now the presumed Democratic nominee, with her nomination set to become official on Monday.

The uncommitted movement received 36 delegates in the primaries, however, and members are reportedly trying to use them to some effect in the upcoming Democratic National Convention in Chicago.

While the movement's delegates could not have stopped a Harris nomination, they are trying to keep the focus on issues around a Gaza ceasefire, the humanitarian crisis in the enclave and Palestinian rights.

CBS News and The Guardian reported on Thursday that the delegates have been negotiating with the DNC to participate in the convention, including a five-minute speaking time slot that could feature one of their delegates or Dr Tanya Haj-Hassan, a physician who has travelled to work in Gaza.

“I am not a politician but am hoping to provide moral witness to the delegates of the Democratic National Convention because an end to this military campaign [by Israel] is the only way to protect and preserve civilian life,” Dr Haj-Hassan said in a statement to CBS.

“It is vital that the most powerful decision-makers in the world hear first-hand accounts of the impact of our foreign policy decisions on civilians.”

CBS also reported that delegates are attempting to add wording in the Democratic Party platform that states support for a permanent ceasefire and an “immediate arms embargo on Israel's assault and occupation against Palestinians”.

The delegates have formally requested to have movement leaders speak with Ms Harris on their concerns about Gaza, The Guardian reported.

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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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A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

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Updated: August 03, 2024, 7:02 AM