LONDON // More than 60 per cent of British Muslims have no sympathy for the motives behind the attack on French satirical magazine Charlie Hebdo while the vast majority think attacks on those who publish images of the Prophet Mohammed are wrong, a poll has found.
Gunmen killed 12 people at the offices of Charlie Hebdo in Paris on January 7, including the magazine’s editor and several of its prominent cartoonists, in revenge for its publication of satirical images of the Prophet Mohammed.
In a poll of 1,000 Muslims, commissioned by the BBC and published on Wednesday, 27 per cent of respondents said they agreed with the statement: “I have some sympathy for the motives behind the Charlie Hebdo attacks in Paris”. Sixty-two per cent said they had no sympathy.
Seventy-eight per cent felt it was “deeply offensive” personally when images of Prophet Mohammed were published and 11 per cent felt sympathetic towards people who want to fight against Western interests.
However, 68 per cent said acts of violence against those who printed images of the Prophet were never justified, and 85 per cent said organisations which published such images did not deserve to be attacked.
Britain has approximately 2.8 million Muslims, who make up just under 5 per cent of the population.
Senior politicians have regularly called on the Muslim community to do more to counter violent extremism after incidents such as the 2005 London bombings and the murder of a soldier in the capital in 2013, both of which were carried out by young British Muslims.
Many Muslims say they feel they are unfairly targeted as a result and blamed for the actions of a small minority.
The BBC survey found that 95 per cent of respondents said they felt a loyalty to Britain and 93 per cent said they should always obey British laws.
Almost half said they thought prejudice against Islam made it difficult to be a Muslim in Britain, which they felt was becoming less tolerant of Muslims.
Sayeeda Warsi, a Conservative politician who as former minister of state for faith and communities was the first Muslim to serve as a cabinet minister in Britain, told BBC Radio more data such as this should be collected.
“One of the problems we have had in relation to good policy-making around our minority communities is that it has become headline driven ... and sensationalist and is therefore not dealing with the long-term problem in a calm way,” she said.
* Reuters
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More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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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.”
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
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What are the regulations?
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