Qatari head of UK charity also cofounded extremist website


The National

The head of the UK arm of a charity which says it helps disadvantaged young people In Britain and Europe, previously cofounded a website which issued extremist fatwas and advised British Muslims that they should not swear an oath of citizenship to Britain.

Yousef bin Ahmed Al Kuwari oversaw the launch of Islamweb.net, which is sponsored by the Qatari Ministry of Endowments and Islamic Affairs, where Mr Kuwari was head of information technology, according to an official biography given when he spoke at a Corporate Social Responsibility summit in Qatar.

Islamweb says it is "a site designed to enrich the viewers' knowledge and appreciation of Islam",  and is used by British  citizens "seeking religious guidance on a range of issues." But it also espouses extreme views on such issues as integration into British society. In June, the website said of Jews and Christians: "It is incumbent to hate them for the sake of Allah."

In response to a query about whether Muslims should sign an oath of allegiance when becoming a UK citizen, it says: “There is no doubt that a person who accepts the naturalisation of disbelieving countries commits many religious infractions. Among these infractions is to utter what is not permissible to believe in or abide by, like accepting their regime which is totally different from Islam, and uttering an oath to be loyal and friendly with them.”

Mr Kuwari is listed as the chief executive of Qatar Charity UK (QCUK) at Companies House and as chairman on the Qatar Charity website. Accounts filed to the Charity Commission  — the body that regulates registered charities — show that 99 per cent of the charity’s money comes from its parent organisation in Doha.

Mr Kuwari's biography describes him as "a Qatari leader who is keen to help poor people around the world."

In 2015 QCUK provided a grant of £400,000 (Dh1.96 million) for a “multipurpose centre in the UK”, a project they worked on with the Emaan Trust in Sheffield, northern England. The Daily Telegraph reported that one of the trustees of the Emaan Trust, Essam Al Fulajii, has said Muslims and Christians should unite against the “monster” Jews, and claimed that he is “still convinced that the international Zionists and Mossad were behind the September 11 attacks.”

According to he Daily Telegraph, neighbouring Gulf states have designated QCUK's parent body, Qatar Charity, as a proscribed organisation.

Another trustee, Dr Khalid Al-Mathkour, is “a member of the Kuwaiti Muslim Brotherhood’s charitable arm, the Social Reform Society” and “follows the Brotherhood’s ideology”, the newspaper alleges.

QCUK also has links with preachers who have been banned in the UK. Accounts show that it donated £800,000 (Dh3.9 million) to the European Institute for Human Sciences (IESH) in France. The IESH publishes fatwas following the guidance of the European Council on Fatwa and Research. The president of the Council is Yousef Al Qaradawi, a Qatari hate preacher who has been banned from the UK.

The Qatari Ministry of Endowments and Islamic Affairs, which set up Islamweb, has been a source of controversy since Qatari royal Sheikh Abdullah bin Khalid Al Thani was appointed minister in September 1992.

During his time there, he encouraged Khaled Sheikh Mohammed — the mastermind of the September 11 attacks on the twin towers in New York and the Pentagon — to move to Qatar, according to documents leaked from the US department of defence.

US Intelligence officials told ABC News say Sheikh Abdullah helped Khaled Sheikh Mohamed avoid US capture in 1996. The officials also said Osama bin Laden visited Sheikh Abdullah in Qatar between 1996 and 2000.

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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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