Belgian politician Denis Ducarme is calling for the Collective against Islamophobia in Europe to be banned. DIRK WAEM / Belga / AFP
Belgian politician Denis Ducarme is calling for the Collective against Islamophobia in Europe to be banned. DIRK WAEM / Belga / AFP
Belgian politician Denis Ducarme is calling for the Collective against Islamophobia in Europe to be banned. DIRK WAEM / Belga / AFP
Belgian politician Denis Ducarme is calling for the Collective against Islamophobia in Europe to be banned. DIRK WAEM / Belga / AFP

Calls to ban group in Belgium linked with French ‘Islamist pharmacy’


Nicky Harley
  • English
  • Arabic

A Belgium politician is leading calls to ban a new group with links to an "Islamist pharmacy" which was forced to close in France.

The Collective Against Islamophobia in France (CCIF) was forced to dissolve in France following a backlash over its campaign against teacher Samuel Paty who was then beheaded by an extremist.

Mr Paty was killed after he showed students cartoons of the Prophet Mohammed during a lesson.

Candles are lit at a makeshift memorial as people gather to pay homage to Samuel Paty, the French teacher who was beheaded on the streets of Paris. Reuters
Candles are lit at a makeshift memorial as people gather to pay homage to Samuel Paty, the French teacher who was beheaded on the streets of Paris. Reuters

This month, CCIF, which was described as an "Islamist pharmacy" by France's Interior Minister Gérald Darmanin, announced it was being liquidated and was transferring some of its assets to a new Belgium group called the Collective Against Islamophobia in Europe (CCIE).

Last November, two French nationals filed documents in Brussels to launch CCIE just three days after CCIF was dissolved.

Now, Belgium politician Denis Ducarme is leading calls for the nation to ban it under a bill going through parliament to ban organisations which incite hatred, violence and discrimination.

He said its relocation to Brussels was "intolerable" and Belgium should not be a "fall-back zone" for extremists.

"I will call on the Minister for Justice, Vincent Van Quickenborne," he wrote on Twitter.

"Our country cannot once again become a fall-back zone for Islamists."

"I find it extremely dangerous to have such an organisation established in Belgium, given the actions of its members in France," he told De Kanttekening.

"We must ban all organisations that incite hatred and violence, as well as associations that oppose our values."

Mr Ducarme is urging Belgium's interior minister, Annelies Verlinden, to meet her French counterpart Mr Darmanin to "assess" CCIE's risk.

Mr Darmanin has called the CCIF an “enemy of the Republic”.

CCIF announced on Facebook this month it would be transferring its assets and resources to "other associations, including the CCIE" .

"The assets of our association have been transferred to partner associations which will take over the fight against Islamophobia on a European scale," it said.

Mr Van Quickenborne vowed to monitor CCIE and said action would be taken against individuals if necessary, rather than the organisation.

"For the moment, dissolution is not on the agenda. Our security services are following this type of case very closely, " he told news channel Bel RTL.

"The outlawing of an organisation is not planned in Belgium because it is too great a violation of freedom of association. But if there are extremist individuals, we can always take action against them."

He cited the case of Sharia4Belgium, which was disbanded in 2012, which saw the authorities take action against 45 people for recruiting fighters for ISIS.

The CCIF has been closely linked to two grandsons of the founder of the Muslim Brotherhood in Egypt, Hassan al Banna, and both men have represented the group as speakers at various charitable functions.

Hani Ramadan is banned from France and his assets have been frozen. He is accused of having adopted behaviour and made comments "posing a serious threat to public order on French soil".

His brother Tariq, a former professor at Oxford University, is facing five rape charges.

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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.”