Earlier this week, it was revealed that Abu Rumaysah, a prolific ISIL activist, had fled London, and was reportedly in Syria. There will be few in the UK who will be sad to see the back of him. However, considering he had recently been arrested, there will be a number of questions asked, in particular, how was he able to leave the UK and join a force that has declared war against Britain, without the knowledge of the authorities?
Rumaysah was born Siddhartha Dhar, of Indian Hindu extraction. He is 31 and converted to Islam some years ago, after which he became a student of Anjem Choudhary, the radical UK preacher. He and his circle were part of Al Muhajiroon, the extremist group that was eventually dissolved.
Choudhary and Rumaysah were well-known because the media ensured they were. One might have thought that supporters of ISIL who clearly had no analytical or academic expertise – and certainly no popular support in the UK’s Muslim community – would be out of place on British television. On the contrary, Rumaysah regularly appeared on the BBC as well as Channel 4.
London’s Metropolitan Police arrested him and some of his associates in September. They were released on bail on the condition of surrendering their passports. According to reports, Rumaysah held onto his and travelled to Syria via Europe the following day.
Several questions remain. Firstly, why was this individual and others like him ever given the platform to promote their propaganda so widely? Secondly, how was Rumaysah able to leave the UK without the security service’s knowledge? And thirdly, should he have been able to leave anyway?
The representation of a wide variety of viewpoints is a part of the media’s role in any free society. As such, the very presence of Rumaysah on British television is not necessarily a bad thing. However, he was often portrayed as a member of the regular Muslim British community rather than as an extremist.
On one BBC programme, Rumaysah was described simply as a “Sunni Muslim”. Such an appellation failed to put him into proper context for viewers, who might have thought he was somehow typical of Sunni Muslims in the UK and elsewhere.
It is concerning that the British security services, who had Rumaysah in custody only shortly before he left the country, were not keeping sufficient tabs on him and ensuring all departure points from the country were aware of his particulars so that he could not slip through. Rumaysah was still being investigated after all.
But a larger question is raised. Rumaysah obviously wanted to leave the UK. Regardless of him being investigated by London’s police force, should he have been permitted to leave?
In previous interviews, Rumaysah made it clear he and others would be willing to leave the UK to go to Syria to live under ISIL rule, even if that meant giving up their British citizenship. Should Britain forcibly stop someone from leaving the country who so clearly does not want to be British any longer?
It’s an interesting question. If Rumaysah had given up his nationality, he would, presumably, have no automatic right to remain in the UK.
Legally, however, it would be awkward to deport him, unless he had another passport as he would effectively be stateless and unable to travel. That would place the UK into a catch-22 situation. Forcible removal of citizenship remains against British law, but what if there is a genuine request to renounce citizenship?
Rumaysah’s departure will not be mourned by many in the UK. But it does raise questions about how Britain’s media represents Muslims – and what the UK government ought to do with those who not only so clearly reject being British, but wish to empower those who would wage war against it.
Dr HA Hellyer is an associate fellow of the Royal United Services Institute in London, and the Centre for Middle East Policy at the Brookings Institution in Washington DC
Twitter: @hahellyer
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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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The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
MATCH INFO
Schalke 0
Werder Bremen 1 (Bittencourt 32')
Man of the match Leonardo Bittencourt (Werder Bremen)
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
MATCH INFO
Uefa Champions League last-16, second leg:
Real Madrid 1 (Asensio 70'), Ajax 4 (Ziyech 7', Neres 18', Tadic 62', Schone 72')
Ajax win 5-3 on aggregate
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Sukuk
An Islamic bond structured in a way to generate returns without violating Sharia strictures on prohibition of interest.
Thank You for Banking with Us
Director: Laila Abbas
Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum
Rating: 4/5
MATCH INFO:
Second Test
Pakistan v Australia, Tuesday-Saturday, 10am daily at Zayed Cricket Stadium, Abu Dhabi
Entrance is free
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
RACECARD
6pm Emaar Dubai Sprint – Conditions (TB) $60,000 (Turf) 1,200m
6.35pm Graduate Stakes – Conditions (TB) $100,000 (Dirt) 1,600m
7.10pm Al Khail Trophy – Listed (TB) $100,000 (T) 2,810m
7.45pm UAE 1000 Guineas – Listed (TB) $150,000 (D) 1,600m
8.20pm Zabeel Turf – Listed (TB) $100,000 (T) 2,000m
8.55pm Downtown Dubai Cup – Rated Conditions (TB) $80,000 (D) 1,400m
9.30pm Zabeel Mile – Group 2 (TB) $180,000 (T) 1,600m
10.05pm Dubai Sprint – Listed (TB) $100,000 (T) 1,200m
Drivers’ championship standings after Singapore:
1. Lewis Hamilton, Mercedes - 263
2. Sebastian Vettel, Ferrari - 235
3. Valtteri Bottas, Mercedes - 212
4. Daniel Ricciardo, Red Bull - 162
5. Kimi Raikkonen, Ferrari - 138
6. Sergio Perez, Force India - 68
UAE currency: the story behind the money in your pockets