Muslim cleric and scholar Maulana Wahiduddin Khan has died at 97. AFP
Muslim cleric and scholar Maulana Wahiduddin Khan has died at 97. AFP
Muslim cleric and scholar Maulana Wahiduddin Khan has died at 97. AFP
Muslim cleric and scholar Maulana Wahiduddin Khan has died at 97. AFP

Narendra Modi leads India tributes to Islamic scholar Maulana Wahiduddin Khan


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Prime Minister Narendra Modi led India’s tributes to renowned Islamic scholar Maulana Wahiduddin Khan, who died in New Delhi on Wednesday of Covid-19 complications.

Maulana Khan, 97, was admitted to a private hospital on April 12 after he complained of a chest infection and subsequently tested positive for coronavirus.

“Maulana Khan has left us as one big family to stay united,” his son, Dr Saniyasnain Khan, said.

The recipient of this year’s second-highest Indian civilian honour, Padma Vibhushan, Maulana Khan wrote more than 200 books, including a commentary and a translation of the Quran in English, Hindi and Urdu.

Founder of Centre for Peace and Spirituality (CPS) International, he also published a periodical in Urdu titled Al Risala. He was also awarded the Padma Bhushan, India’s third-highest civilian award, in 2000.

A strong votary of interfaith dialogue and pluralism, he had hit the headlines in the early 2000s by proposing a “peace formula” to end the Babri Masjid- Ram Mandir dispute by asking Muslims to forego their rights over the mosque, which was demolished by an extremist Hindu mob on December 6, 1992.

But his proposal was rejected by a large section of India’s Muslim community, including its leadership and clergy.

Mr Modi expressed his sadness over the death of Maulana Khan and said he would be remembered for his insightful knowledge on matters of theology and spirituality.

“He [Maulana Khan] was also passionate about community service and social empowerment. Condolences to his family and countless well-wishers,” Mr Modi said on Twitter.

Friends and followers of Maulana Khan remembered his tireless efforts in bridging the decades-old divide between India’s Hindu majority and minority Muslims, with some even calling him “peace ambassador” and “an Indian scholar of Islam”.

Mohammed Wajihuddin, journalist and a longtime acquaintance of the late scholar, remembered Maulana Khan as a man who engaged with life’s issues in straightforward language.

“When he wrote or spoke, the Maulana didn’t pontificate. He conversed,” Mr Wajihuddin said.

“In his death, India and the world have lost a strong voice of sanity, a peace ambassador, a preacher who blended Islamic teachings with Gandhian values to crusade against violence and hatred,”

Maulana Khan was born in Uttar Pradesh's Azamgarh in 1925.

He studied at a traditional Islamic seminary, the Madrasatul Islahi, in Sarai Mir, near Azamgarh in 1938 to receive religious education. He is survived by two sons and two daughters.

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Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

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.”

Three ways to boost your credit score

Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:

1. Make sure you make your payments on time;

2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;

3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

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The years Ramadan fell in May

1987

1954

1921

1888

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
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Price: From Dh330,000 (estimate)
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Veil (Object Lessons)
Rafia Zakaria
​​​​​​​Bloomsbury Academic

Results

4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m; Winner: MM Al Balqaa, Bernardo Pinheiro (jockey), Qaiss Aboud (trainer)

5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m; Winner: AF Rasam, Tadhg O’Shea, Ernst Oertel

5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel

6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m; Winner: Mujeeb, Richard Mullen, Salem Al Ketbi

6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m; Winner: Jawal Al Reef, Antonio Fresu, Abubakar Daud

7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m; Winner: Ashton Tourettes, Pat Dobbs, Ibrahim Aseel

7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m; Winner: Nibraas, Richard Mullen, Nicholas Bachalard

What went into the film

25 visual effects (VFX) studios

2,150 VFX shots in a film with 2,500 shots

1,000 VFX artists

3,000 technicians

10 Concept artists, 25 3D designers

New sound technology, named 4D SRL

 

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Top 10 most polluted cities
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