Foreign preachers attend lectures in Dubai


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DUBAI // Twenty-three foreign imams were taught about the importance of scientific Islamic education by Dubai’s Dar Al Ber Society’s cultural and studies sector.

The 11-day course, titled “Science Keys of Scientific Textbooks”, held training sessions at Sharifa Al Attar Mosque in Al Barsha, state news agency Wam said on Monday.

A large crowd of male and female students and the public attended the lectures given by renowned scholars, including Sheikh Saad Al Sayed Al Shal, who shed light on the 40 Nawawi Hadiths book.

The imams came from Albania, Kosovo, Togo, Burkina Faso, Maldives, Benin, Uganda, Federal Russia, Mali, the UK, Senegal, Tajikistan, Kenya and Ghana.

Training was held in line with verse No 11/58 of the Holy Quran, which reads: “Allah will raise those who have believed among you and those who were given knowledge, by degrees”, and the prophetic Hadith, which reads: “Allah makes the way to paradise easy for him who treads the path in search of knowledge.”

Prominent sheikhs conducted these training courses.

Sheikh Anees Nasser Al Musaabi explained the 40 Hadiths from Sunnah book, Sheikh Waleed Hamud Al Abri talked about the Minhaj Al Salikeen book, Sheikh Khalid Ismael Musabih discussed the right path to Allah and Salvation in the Hereafter, and Dr Sheikh Khalid Ali focused on the essence and jurisprudence of preaching.

Imran Mohammed Abdullah, a board member and head of the cultural and studies sector of the society, said the programme was part of a series of scientific and cultural lectures and courses being organised on a regular basis in collaboration with the Department of Islamic Affairs and Charitable Activities in Dubai.

The courses are aimed at spreading useful and authentic knowledge and to boost the call to the way of Allah with wisdom and fair admonition as instructed in the Quran and Sunnah, he said.

“While all the lectures were broadcast live on the website, the scripts and textbooks of the course, along with copies of the Holy Quran, were distributed to participants who were all gifted prize money and appreciation certificates.”

The charitable society has so far printed and distributed more than 5.5 million different-sized copies of the Holy Quran to Muslims across the world, Mr Abdullah said.

“The society, through its over 35-year history, has been dedicated to the service of the Holy Quran and philanthropic work.”

The foreign imams were paid their entire travel and stay expenses by the society and they were also gifted cash and in-kind rewards, according to a senior official.

newsdesk@thenational.ae

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704 - wins to date as Arsenal manager.
3 - Premier League title wins, the last during an unbeaten Invincibles campaign of 2003/04.
1,549 - goals scored in Premier League matches by Wenger's teams.
10 - major trophies won.
473 - Premier League victories.
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  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
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  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

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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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5.30pm: Abu Dhabi Colts Classic (PA) Prestige; Dh110,000; 1,400m
6pm: Maiden (PA); Dh80,000; 1,600m
6.30pm: Abu Dhabi Championship (PA) Listed; Dh180,000; 1,600m
7pm: Wathba Stallions Cup (PA) Handicap; Dh70,000; 2,200m
7.30pm: Handicap (PA); Dh100,000; 2,400m

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Wins: 28
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5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m

5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m

6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m

6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m

7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m

7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m

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3rd row
Max Verstappen (Red Bull Racing)
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4th row
Nico Hulkenberg (Renault)
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5th row
Carlos Sainz Jr (Renault)
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Fernando Alonso (McLaren)
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From Europe to the Middle East, economic success brings wealth - and lifestyle diseases

A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.

One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait,  Qatar and Oman – and second on the list in Bahrain.

In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.

The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.

And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.