Abdulrahman bin Subaih Al Suwaidi, who was convicted of being a member of the secret organisation, the Muslim Brotherhood, and was pardoned by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has revealed that there is a growing number of defectors from the international organisation after its involvement in a major conspiracy to damage the stability of Arab communities. WAM
Abdulrahman Al Suwaidi, who was convicted of being a member of the Muslim Brotherhood. Wam

Muslim Brotherhood can no longer hide its true colours



In a revealing interview last week, former Muslim Brotherhood member Abdulrahman Al Suwaidi, who was jailed for his membership and subsequently pardoned by President Sheikh Khalifa, said the group is reeling from a wave of defections. "We lived under a delusion," he said, reporting that the Brotherhood's efforts to destabilise Arab nations have seen its membership figures fall. This is unsurprising given the extremism that the group stands for.

However, the Muslim Brotherhood remains a potent threat across the Middle East. Behind its attempt at crafting an image of an organisation with political aims are links with violent extremism that are quite simply too dangerous to ignore. In Istanbul and other Turkish cities, the Brotherhood is operating in plain sight, with the tacit endorsement of President Recep Tayyip Erdogan.

And it is not confined to Turkey. Its spiritual leader, Yusuf Al Qaradawi, who has repeatedly spread hate and defended deadly acts, was able to set up a private foundation, the European Council for Fatwa and Research, which today operates in the Irish capital, Dublin. The UAE designated the Brotherhood a terrorist organisation in 2014, as have other countries, and the group's armed factions have targeted tourists in Egypt this year as part of a grim campaign of violence aimed at bringing chaos to the country.

Still, the Brotherhood is adept at concealing its true motives and presenting itself as a legitimate political organisation – hoodwinking ordinary citizens in the process. Many have fallen foul of the law by donating to causes, from building mosques to digging wells in disadvantaged areas, all the while pumping funds into the Brotherhood’s coffers.

Meanwhile, as The National reported this month, a dangerous hate app linked to the Brotherhood has found its way into the top 100 downloads on the Apple store in a third of European countries since its launch in April. At one point, it was ranked as high as 55th in the German App store. Touted as a guide to help Muslims adhere to their faith, the app is actually a tool of radicalisation. There are even concerns that it led to a nail bomb attack in Lyon last month, which injured 13 people.

It reflects the sinister ways in which the Brotherhood uses social media and the internet to foster extremism. Al Suwaidi’s comments were vital to pull back the cloak of civility and show the extremist group for what it really is.

How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised:+$3m 

Investors: Global Ventures and angel investors