Extremist groups pervert Islam’s teachings, Arab-Muslim youth say



ABU DHABI // The majority of young Arab Muslims in the region view extremist groups as a perversion of Islam’s teachings, according to a recent study.

They believed that repressive governments and foreign occupation were major reasons for people joining the ranks of the militants.

The Tabah Foundation interviewed 5,374 Muslims from the UAE, Palestine, Jordan, Egypt, Morocco, Bahrain, Saudi Arabia and Kuwait for the study on young people’s perceptions of religion and related issues.

Most interviewees said that faith had an important role to play in the future of their countries and that the government should ensure that religious discourse does not incite hatred or violence.

Most of the interviewees said it was important to them that they be known as Muslims, but they found it hard to preserve their religious identity in modern society.

More than seven in 10 of the UAE’s 527 Emirati and Arab expatriate interviewees said they felt tensions between the temptations of society and preserving their Muslim identity and practice.

Hessa Al Ketbi, a 30-year-old mother of two from Abu Dhabi, said she never had a problem preserving her Muslim faith. “However, I do have a huge problem with preserving our traditions and costumes by our own people,” she said.

Arabs had been “carried away” by the desire to be modern in a westernised manner, with little understanding of who they are and what they represent, said Ms Al Ketbi.

Mahra Al Mansouri, a 25-year-old Emirati who is pursuing a master’s degree, disagreed. “It is not difficult to identify as a Muslim and many countries, especially in the Gulf, are taking social and political stances based on Islamic teachings,” she said.

Most of the study’s respondents said extremist groups such as ISIL and Al Qaeda were a complete perversion of Islam and were “mostly wrong but sometimes raise ideas I agree with”.

They said they believed that young people were driven to join the militants because of corrupt governments and extremist religious teachings. Palestinian respondents said foreign occupation was the number one reason.

According to respondents who said they believed that the extremist groups were “mostly right” or “not a perversion of Islam”, those who joined the militants believed that these groups represented the truth or because they were seeking adventure.

Ms Al Mansouri said some young Muslims were lost and unable to find answers to help them to fully understand the fast-changing world and the ongoing wars.

“In most cases, these youths believe that extremism is right because they are brainwashed by other individuals and wish to find a goal in life which they believe they will find in jihad and war,” she said.

“They are not guided through proper education and attention from the right groups.”

Mrs Al Ketbi, however, said that people were responsible for the extreme actions that they took.

“Earth is not created for fighting and killing and then going to the heavens. That is absurd. The purpose of humanity on Earth is to live and prosper in all ways of life,” she said.

The notion that “religion is a major cause of decline in the social, political and economic realms in the Arab world” was rejected by young people from seven countries, the study showed. Only Palestinians said religion was a cause of decline.

Dania Azraq, a 32-year-old Syrian auditor, said Palestinians “have been dispersed all over the globe and had to live in different non-Islamic nations”.

“Living abroad showed them that the West was able to progress and achieve despite being secular.”

However, she disagreed that religion was causing the Arab world to decline.

“The way religion is used out of its comprehensive context is the reason we are in decline,” said Ms Azraq, adding that the lack of adherence to Islam’s teachings and their misuse were contributing to the decline of the Arab community.

“As Arabs it has burnt us, yet for other nations, such as Malaysia, it made their path glow.”

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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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