Norway's Muslims in unwanted spotlight


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DRAMMEN // The mosque of the Minhaj ul-Quran movement in this town south of Oslo is not much more than an anonymous space in a bland commercial centre.

It has been mostly unnoticed but its board has nevertheless started to worry about security in the aftermath of the attacks in Norway, especially with Ramadan and Eid al Fitr coming up.

"Before, we never thought about it but now, I think everybody thinks about this. Yes, we will discuss security," said the imam of the mosque, Noor Ahmad Noor, on Thursday, almost a week after the attacks that killed 76 people in nearby Oslo and on the island of Utoeya. "Even the government will now think about not letting so many people gather without the protection of guards, the police or the army."

Norway's Muslim community, estimated at 200,000 people out of a population of almost five million, has been thrust into an unwelcome spotlight by the attacks, even though no Muslim was involved and up to 10 of the victims may have been Muslim.

The extreme anti-Muslim views of the attacker, Anders Behring Breivik, are ensuring that the debate about immigration and integration in Norway will rage on. And, while society for now is pulling together, many worry that ultimately the focus will come to rest on the Muslims and their role in Norwegian society.

"When we wake up from this shock and there is a return to normalcy, there will be a discussion on what is integration and what is it not," said Tore Lindhom, an expert on integration at the University of Oslo's Norwegian Centre for Human Rights.

He argued that Norway's Muslims are on the whole quite well integrated, when weighing criteria such as obeying the laws, speaking the language and being employed. He said that many who criticise the minority expect assimilation rather than integration. "Do we expect them to do exactly as Norwegians do? Whatever that means. But that is not integration."

If political participation is a mark of integration, then Norway's Muslims seem very well adapted. The Labour Party youth summer camp on Utoeya emphasises values such as multiculturalism and anti-racism. Even so, children with a Muslim background were well represented. Between 60 and 70 of the 650 youths at the camp reportedly were Muslim.

The 27-year old Muslim Labour MP Hadia Tajik is a veteran of the summer camp and is now described as a rising star by her party colleagues. She left the island shortly before the shooting started. Speaking outside the Labour Party headquarters in Oslo, she called the killings, "an attack on Norway's openness".

She was fierce in her defence of Norway as a harmonious country where Muslims and others get along relatively well. "It is a land of opportunities. It has given me and many other youngsters from immigrant backgrounds so many opportunities and that says much more about the country than the acts of this person."

Her views were echoed by Mehtab Afsar, general secretary of the mainstream Islamic Council of Norway. "Norway is the best country in Europe for Muslims to live in," he said while paying his respects to the victims in Oslo's cathedral, the Domkirke.

He was not worried about an increased focus on Muslims but thought that the debate on integration would be easier now. "The ugly tone which the debate had a few times, that ugliness will now disappear from the debates."

In Drammen, imam Ahmad Noor too was confident that the situation for Muslims would actually improve, but his argument was rather more sombre. He argued that now, finally, the extremism of the anti-Muslim fringe has been exposed. "This thinking was underground and the government and the parties never addressed it," he said. Now they will not have a choice but to meet the problem head on, he added.

He heard about the attack first just after Friday prayers, immediately after the bomb in Oslo went off. He and his congregants worried about the identity of the attacker. "Our second emotion after all the grief and sadness was maybe he was Muslim." He said that everybody went home and stayed indoors until the identity of the attacker became clear.

"This is bad but if it had been a Muslim it would have been a very critical situation for all the Muslims living here," said the imam. Even as it was, in the few hours after the bomb, before it was established that the attacker was a white Norwegian, a few incidents were reported of angry Norwegians harassing people in the immigrant quarter Groenland in Oslo.

Mr Ahmad Noor's movement, Minhaj ul-Haq, aims at openness and coexistence and has unequivocally taken a stance against terrorism. His movement celebrates Christmas with Christians and invites priests to join it in celebrating the birthday of the Prophet. After hearing of the attack on Utoeya, he and several colleagues rushed to the nearby town to offer his services to both Muslim and other families of victims.

"Everybody was very happy to see us there," he said, both Muslims and Christians. "To the Muslims we emphasised the Quran; to Christians we talked more about passages from the New Testament."

But the picture of harmony and Muslim integration only goes so far, warned Mr Lindholm. There are frictions over such issues as demands made by some Muslim parents over segregation at some school activities or over the way blonde Norwegian women get treated as they were prostitutes in some areas with a large Muslim presence.

"There are such conflicts, some such irritations," said Mr Lindholm. "It would be amazing if there were no such things. But on the other hand, does this lead to crime and harassment? I don't think very much."

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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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