Rashad Bukhash of the Islamic Affairs and Endowment Committee wants greater supervision of Quran centres. Ravindranath K / The National
Rashad Bukhash of the Islamic Affairs and Endowment Committee wants greater supervision of Quran centres. Ravindranath K / The National

FNC approves rules to supervise Quran centres



ABU DHABI // The FNC has approved a law to ensure that there is better monitoring of privately-owned Quran memorisation centres.

The aim of the law is to improve learning of the Quran in the UAE and to make sure “proper Islamic knowledge” is taught.

FNC member Rashad Bukhash, rapporteur for the Islamic Affairs and Endowment Committee, said there needed to be better supervision of Quran centres.

“The need comes as a wish to organise private centres for Quran memorisation, and to have the centres supervised, and to seek auditing of the centre’s data,” he said.

Dr Mohammed Al Kaabi, chairman of the General Authority of Islamic Affairs and Endowments (Awqaf), said the law would ensure youngsters were taught Islamic knowledge based on the Quran.

“As per our strategic plans, we aim to initiate projects that encourage Quran memorisation and equip centres with technologies, as well as provide services that attract students,” he said.

The law states that school curriculums and Islamic programmes that the centres will teach must be evaluated by specialist entities.

Only those who are over 21, have a good behaviour certificate and do not have a criminal record are allowed to own, manage or teach at the centres. It aims to make sure that those with criminal records are not allowed to become teachers.

Activities will be limited to the memorisation and tawjeed (elocution) of the Quran and its teachings.

The centres must be based in buildings that meet health and safety standards, and must have separate classes for males and females. They must also have activity areas that the executive list will specify.

Centres will be allowed to cooperate with each other to improve their services. But overseas centres must have a permit to be able to participate.

The council also approved a new article prohibiting the establishment or management of a teaching centre until the proper licensing has been obtained from the specified authority.

The licence must be renewed every year, although there will be no additional fees after the first application.

The law also prohibits the centres from collecting alms and donations, giving lectures without approval, using the centres for political reasons, or publishing books or audio recordings without the approval of the authorities.

The centres must also disclose accounts, revealing the amount paid by the owner, the financial returns, the waqf (charitable endowments of a plot of land) and any other payments.

Those who fail to abide by the rules can be jailed for up to two months, with a fine of Dh50,000, or both. Such laws will not be in effect for federal or national entities, and will be applied only to private centres.

The law will be sent to the Cabinet before it is passed to the President for final approval.​

aalkhoori@thenational.ae

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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.”

Fifa World Cup Qatar 2022

First match: November 20
Final 16 round: December 3 to 6
Quarter-finals: December 9 and 10
Semi-finals: December 13 and 14
Final: December 18

GRAN TURISMO

Director: Neill Blomkamp

Stars: David Harbour, Orlando Bloom, Archie Madekwe, Darren Barnet

Rating: 3/5

COMPANY PROFILE

Company name: 3S Money
Started: 2018
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Founders: Ivan Zhiznevsky, Eugene Dugaev and Andrei Dikouchine
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How it works

1) The liquid nanoclay is a mixture of water and clay that aims to convert desert land to fertile ground

2) Instead of water draining straight through the sand, it apparently helps the soil retain water

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4) The cost of treatment per hectare (2.4 acres) of desert varies from $7,000 to $10,000 per hectare 

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8 traditional Jamaican dishes to try at Kingston 21

  1. Trench Town Rock: Jamaican-style curry goat served in a pastry basket with a carrot and potato garnish
  2. Rock Steady Jerk Chicken: chicken marinated for 24 hours and slow-cooked on the grill
  3. Mento Oxtail: flavoured oxtail stewed for five hours with herbs
  4. Ackee and salt fish: the national dish of Jamaica makes for a hearty breakfast
  5. Jamaican porridge: another breakfast favourite, can be made with peanut, cornmeal, banana and plantain
  6. Jamaican beef patty: a pastry with ground beef filling
  7. Hellshire Pon di Beach: Fresh fish with pickles
  8. Out of Many: traditional sweet potato pudding
MATCH INFO

Uefa Champions League semi-final, first leg

Barcelona v Liverpool, Wednesday, 11pm (UAE).

Second leg

Liverpool v Barcelona, Tuesday, May 7, 11pm

Games on BeIN Sports

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Netherlands v UAE, Twenty20 International series

Saturday, August 3 - First T20i, Amstelveen
Monday, August 5 – Second T20i, Amstelveen​​​​​​​
Tuesday, August 6 – Third T20i, Voorburg​​​​​​​
Thursday, August 8 – Fourth T20i, Vooryburg

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Winner: Exciting Days, Oscar Chavez, Doug Watson
10pm: Al Ain Cup – Prestige (PA) Dh100,000 (D) 2,000m
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11.30pm: Maiden (PA) Dh70,000 (D) 1,400m
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12am: Maiden (PA) Dh70,000 (D) 1,400m
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Key findings
  • Over a period of seven years, a team of scientists analysed dietary data from 50,000 North American adults.
  • Eating one or two meals a day was associated with a relative decrease in BMI, compared with three meals. Snacks count as a meal. Likewise, participants who ate more than three meals a day experienced an increase in BMI: the more meals a day, the greater the increase.
  • People who ate breakfast experienced a relative decrease in their BMI compared with “breakfast-skippers”.
  • Those who turned the eating day on its head to make breakfast the biggest meal of the day, did even better.
  • But scrapping dinner altogether gave the best results. The study found that the BMI of subjects who had a long overnight fast (of 18 hours or more) decreased when compared even with those who had a medium overnight fast, of between 12 and 17 hours.
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1. Bhiwadi, India
2. Ghaziabad, India
3. Hotan, China
4. Delhi, India
5. Jaunpur, India
6. Faisalabad, Pakistan
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10. Bagpat, India

Source: IQAir

EMIRATES'S REVISED A350 DEPLOYMENT SCHEDULE

Edinburgh: November 4 (unchanged)

Bahrain: November 15 (from September 15); second daily service from January 1

Kuwait: November 15 (from September 16)

Mumbai: January 1 (from October 27)

Ahmedabad: January 1 (from October 27)

Colombo: January 2 (from January 1)

Muscat: March 1 (from December 1)

Lyon: March 1 (from December 1)

Bologna: March 1 (from December 1)

Source: Emirates

Where to apply

Applicants should send their completed applications - CV, covering letter, sample(s) of your work, letter of recommendation - to Nick March, Assistant Editor in Chief at The National and UAE programme administrator for the Rosalynn Carter Fellowships for Mental Health Journalism, by 5pm on April 30, 2020

Please send applications to nmarch@thenational.ae and please mark the subject line as “Rosalynn Carter Fellowship for Mental Health Journalism (UAE programme application)”.

The local advisory board will consider all applications and will interview a short list of candidates in Abu Dhabi in June 2020. Successful candidates will be informed before July 30, 2020. 

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Goldfish
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Indya by Vineet
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Reif Japanese Kushiyaki
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COMPANY PROFILE

Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
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Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others

MEDIEVIL (1998)

Developer: SCE Studio Cambridge
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The Specs

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Superliminal

Developer: Pillow Castle Games
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Console: PlayStation 4&5, Xbox Series One & X/S, Nintendo Switch, PC and Mac
Rating: 4/5

Sweet Tooth

Creator: Jim Mickle
Starring: Christian Convery, Nonso Anozie, Adeel Akhtar, Stefania LaVie Owen
Rating: 2.5/5


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