Protesters in Kalkuta attend an anti-terrorism rally in December, following the terrorist attacks in Mumbai.
Protesters in Kalkuta attend an anti-terrorism rally in December, following the terrorist attacks in Mumbai.

Fatwa issued despite scorn from Muslim leaders



NEW DELHI // Although Islamic leaders across the country last month dismissed the World Hindu Council's demand that Muslims declare India Dar al Aman, or land of peace, this week the country's leading Islamic seminary, Darul Uloom Deoband, issued a fatwa declaring just that. The Hindu council - the Viswa Hindu Parishad, or VHP - in letters sent to the country's top 13 Muslim organisations last month, including the seminary, sought a fatwa from Muslim clerics that would state clearly that India is a Dar al Aman and Hindus are not Kafirs (infidels). Islamic leaders called the move "irrelevant, illogical and provocative". Quoting e-mails, allegedly sent by the Indian Mujahideen terrorist group that has orchestrated terror attacks on India in the past, the VHP letters, drawn up by the body's Religion Protection Council, also demanded the fatwa clarify that jihad, or holy war, is not justified against India. In response, the seminary this week issued a fatwa saying that since the Indian constitution guarantees equal protection and rights for all communities, including Muslims, India is Dar al Aman, though it did not declare that Hindus were not Kafirs. "Jihad is illegitimate in this Dar al Aman and India has ceased to be a Dar al Harb with the end of colonial rule ? All non-Muslims are indeed Kafirs, though that should not be regarded as a pejorative term. Muslims should consider Hindus as their brothers and sisters. Islam does not permit injustice against non-Muslims," the seminary fatwa reads. But most Muslim leaders across the country were irked at the VHP demand for the fatwa, saying Muslim community members never considered independent India a land hostile to Muslims. Moreover, Islamic leaders have always decried terror attacks in the strongest possible terms. Calling the VHP demand for the fatwa "illogical", Maolana Adbul Khaleque Madrasi, senior cleric and vice rector of Darul Uloom Deoband, said the Hindu organisation was raking up a non-issue and it could lead to further disharmony between the two communities. Although the Darul Uloom Deoband issued the fatwa, some Muslim clerics from the same seminary said it would not have been wrong to ignore the VHP's demand. "Those who asked for the fatwa should know that we have launched a series of meetings across India condemning terrorism, apart from issuing a fatwa along the same lines last year," said Maolana Madrasi, referring to a fatwa issued in May by the seminary's leader declaring that Islam forbids any act of terrorism. "In our [May 2008] fatwa and speeches by our clerics on different occasions, we clearly stated how terrorism and violence against innocent people had no place in Islam." Q R Ilyas, a senior Jamaat-e-Islami leader and a member of the All India Muslim Personal Law Board Working Committee, said the VHP was dividing Indian society and attempting to set Hindus against Muslims by seeking such fatwas "unnecessarily". "The demand of the fatwa is nothing but a VHP attempt to help the [Hindu] BJP party in forthcoming parliamentary elections, by polarising the society along communal lines. It was not really necessary to respond to the VHP demand for the fatwa," Mr Ilyas said. The VHP's international president, Ashok Singhal, said religion-inspired violence and terrorism would never come to an end unless Muslims condemned it strongly in a fatwa. "They say Islam is a religion of peace. So, we want them to issue a fatwa on that line," said Mr Singhal, who had taken the initiative in seeking the fatwa, according to the Urdu-speaking press. Muslim community leaders and authors have taken turns to criticise VHP for seeking the fatwa. Aziz Mubaraki, a young Muslim leader in Kolkata, said it was the VHP that was instigating communal riots and terrorist activities in India and it was "ridiculous" that it was seeking the fatwa. "Muslim religious and social groups in the past year have condemned terrorism in countless religious meetings, seminars and public rallies," he said. "There is no proof of any Muslim religious organisation being involved in any communal or anti-national activity in India. But in recent years, VHP itself and its other militant offshoots have been directly involved in open acts of terrorism against minorities in scores of cases. They have no moral right to seek any antiterrorism action from anybody." Aziz Burney, chief editor of the national Urdu daily Roznama Sahara, launched a scathing attack against the VHP in an editorial, accusing the religious group of double standards and stirring up sectarian tensions. "Can Mr Singhal point out any Indian Muslim institution training terrorists, the way Bhonsala Military School and Abhinab Bharat did?" he wrote, referring to Hindu institutions in Maharashtra state that police say had leading roles in establishing a terror network. "Mr Singhal is the leader of the group [VHP] which in Gujarat and Orissa - in riots - killed thousands of innocent Muslims and Christians. Members of his group have been killed while making bombs meant for terrorist attacks. Has he ever condemned these activities by his groups the way Muslims came forward en masse condemning terrorism?" aziz@thenational.ae

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Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

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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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