Bern is reluctant to gaze skyward



Once again the xenophobic European ultra-right refuses to foot the bill for the legacy of imperial hubris. The decision to colonise another people, dismantle all of their organic social infrastructures, graft alien institutions on to their cultures, and otherwise cart off their natural resources will inevitably have repercussions. Instability breeds confusion and handicaps economic development.

A natural result is the economically motivated migration of the client-citizen to the centres of the destabilising power. As the saying goes: "You broke it, you pay for it." Slender, reaching skyward, calling the spirit five times daily to ascend towards broader horizons in form and function, the minaret is an architectural icon of Muslim culture. Travellers from Europe have wondered in awe at the grace and elegance of minarets in Istanbul and Cairo.

Far from a symbol of extremism, the minaret asks us all to look beyond the mundane or the petty differences and material preoccupations that bring tension and discord to our lives. Minarets are a symbol of calling humanity to a renewal of spirit and a broadening of horizons as wide as the sky toward which they point. Switzerland has always had difficulty with tolerance. This time it's getting silly, as its right wingers seek to rewrite cultural history and paint their own bigoted fears on to their latest muse, the minaret. But to what degree have we as Muslims provided them with easel and canvas, brush and palette?

The conduct of visible segments of immigrant populations in Europe is at times appalling. Refined conduct is itself a primary concern of the very faith culture toward which the minaret points, yet it is often lost on these economic migrants. This gap could be bridged by appointing Muslim imams and providing space for scholars who are themselves native to Swiss, French, German, and Scandinavian cultures.

Yet there remains a growing number of young scholars of European descent who have been qualified with interpretive and otherwise academic authority in Islamic jurisprudence and theology. Marginalised by immigrant mosque boards, they sit by as onlookers while this tragedy of social, cultural and intellectual ineptitude continues to unfold. The translation of timeless Islamic principles into indigenous cultural patois must be accompanied by a decoupling of eastern cultural forms from doctrinal essences.

The European newcomer to Islam cannot be given the impression that embracing his or her new faith implies the erasure of the validity of their own culture and that to be a good Muslim means to become an Arab. This is not the understanding that was brought to Timbuktu, Andalusia, Azerbaijan, Istanbul, China and the Malay Archipelago. Finally, we have a chronic neglect of the aesthetic imperative in Islam. Just as we find western-style malls with the accompanied brashness of their advertising and fast food chains in sacred spaces tasteless, so to is the grafting of foreign aesthetics - or more often, some pastiche of them - on to the landscape of western societies. When we go to Malaysia we expect Asian architecture; when in Cairo, Arabesque. But when in Geneva, Marseille or Boston, we don't. The shock of stumbling into a transplanted pastiche of eastern designs in western environs is akin to an artistic traffic accident.

I once knew a Swiss man of Turkish descent. Born and raised in Switzerland, he was a devout Muslim, and was even named after one of the Ottoman sultans. But he was a master of the artistic embellishments that adorn the eaves of traditional Swiss homes. When the Swiss would build a new home in the traditional style, he was a favourite to be commissioned to apply the decorative styles. The possibilities for cross-cultural sharing are as broad as the sky toward which the minaret points.

Jihad Hashim Brown is director of research at the Tabah Foundation. He delivers the Friday sermon at the Maryam bint Sultan Mosque in Abu Dhabi

COMPANY PROFILE
Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 
Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

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.”

'The Sky is Everywhere'

Director:Josephine Decker

Stars:Grace Kaufman, Pico Alexander, Jacques Colimon

Rating:2/5

Mica

Director: Ismael Ferroukhi

Stars: Zakaria Inan, Sabrina Ouazani

3 stars

Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.

 

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5