Tolerance key to promoting inclusive society: EU envoy

The event gathered together top intellectuals, diplomats and scholars to debate the issues of tolerance, forgiveness and acceptance of others. (AN photo)
Updated 17 October 2019

Tolerance key to promoting inclusive society: EU envoy

  • Intellectuals, diplomats discuss challenge of blending cultures, faiths and values

RIYADH/JEDDAH: The European envoy to Saudi Arabia on Wednesday called for more tolerance and respect to help bring diverse societies closer together.

Ambassador Michele Cervone d’Urso, head of the EU delegation to the Kingdom, made his appeal as he welcomed attendees to a high-profile lecture to discuss Saudi and European perspectives on religious tolerance and diversity.

Organized by the King Faisal Center for Research and Islamic Studies (KFCRIS), the event gathered together top intellectuals, diplomats and scholars to debate the issues of tolerance, forgiveness and acceptance of others.

Opening the lecture at the King Faisal Foundation building in Riyadh, d’Urso spoke about tolerance and how it was core to the transformation of societies, especially in Europe which had become more diverse.

“Today’s European society is a mixture of cultures, faiths, values, ideas, and habits. The challenge is to make sure our society is more inclusive, enhance mutual understanding and promote tolerance and respect,” the envoy said.

He pointed to the UN’s blossoming partnership with the KFCRIS and the importance of the lecture as key building blocks in the process of bridging cultural and religious gaps between societies.

“I think there are few more teams that are exchanging on the Saudi and European perspectives of religious tolerance and diversity. All of us know that the KFCRIS builds from the legacy of the late King Faisal and has been a pillar in promoting Islam,” d’Urso added.

HIGHLIGHTS

  • Ambassador Michele Cervone d’Urso, head of the EU delegation to the Kingdom, made his appeal as he welcomed attendees to a high-profile lecture to discuss Saudi and European perspectives on religious tolerance and diversity.
  • Dr. Mohammed bin Abdulkarim Al-Issa, secretary-general of the Muslim World League (MWL), told delegates that when he talked about tolerance in Islam, he also meant tolerance in Saudi Arabia as a state that applied and was governed by Shariah law.
  • The director of the European Network Against Racism (ENAR), Dr. Michael Privot, who converted to Islam 26 years ago, spoke about how the EU was characterized by increasing diversity, including religious and philosophical beliefs, even from the Muslim perspective.

He noted that in Europe there were many people of faith that had respect for coexistence. 

Dr. Mohammed bin Abdulkarim Al-Issa, secretary-general of the Muslim World League (MWL), told delegates that when he talked about tolerance in Islam, he also meant tolerance in Saudi Arabia as a state that applied and was governed by Shariah law.

He said a state that respected others, human existence and brotherhood could not exist “unless there is respect for diversity and differences as a universal norm that no one can collide.”

According to Al-Issa, the Charter of Madinah (regarded as the first Islamic state constitution) was considered one of the best achievements of civil legislation in human history. “This document was held by the Prophet Muhammad, peace be upon him, with the Jews and represented binding legislation for Muslims toward religious minorities.”

The MWL chief noted that the document included the protection of civil and religious rights. “The document cannot be absorbed by extremism, it is clear. These rights and freedoms have been preserved by this legislation. And the Prophet Muhammad coexisted with everyone and understood these differences and diversity.”

In his speech, Al-Issa explained how the Qur’an gave Jews and Christians a special name to celebrate their religious origins where they were called “people of the book,” in reference to the Torah and the Gospel. The history of Christians and Jews was also never omitted.

Addressing the event, director of the European Network Against Racism (ENAR), Dr. Michael Privot, who converted to Islam 26 years ago, spoke about how the EU was characterized by increasing diversity, including religious and philosophical beliefs, even from the Muslim perspective.

“We encounter such a diversity of ways of being Muslim from a theoretical, cultural, philosophical, ideological point of view. Any single Muslim group or community is represented somewhere in Europe and this situation puts European Muslims in a very unique environment which is different from any other Islamic majority society in the world,” said Privot.

He pointed out that for the first time in history Muslim groups from Uzbekistan and Senegal were living together and trying to become a community in European societies.

“Societies, which have completely liberalized the market of religions, believe all faiths are accepted,” he added.

Earlier on Monday, an MWL forum in Makkah recommended that Islamic discourse should adhere to the principles of the Qur’an and Sunnah, the Muslims’ uppermost legislative sources, which are also known as the Two Divine Revelations.

The forum, titled “The Service of the Two Revelations,” called upon concerned authorities in the Muslim world to regulate Islamic fatwas in a way that prevented extremism and stopped producing any misguided explanations of the divinely revealed texts.

The participants also encouraged the use of modern technology, especially social media, to better serve the Qur’an and Sunnah to help link Muslim youths with the two revelations.

In addition, the gathering proposed establishing platforms for producing software and smart apps related to the Qur’an and Sunnah and the launch of an international service award under the umbrella of the MWL.

Al-Issa added that the MWL had staged a number of Qur’an memorization programs in 78 countries and said there were now 68 colleges and institutes where 7,500 students were studying the Qur’an.

“Some 61,275 Qur’an readers have graduated from these institutes, with 5,055 reciters having obtained authentic reading certificates. The IOQAS (International Organization of Qitab and Sunnah) has also carried out 193 training courses and provided nearly 3,000 scholarships,” he said.


Saudi Aramco to buy $1bn of IPO shares as incentive to executives and employees

Updated 11 November 2019

Saudi Aramco to buy $1bn of IPO shares as incentive to executives and employees

  • Aramco said it was also considering introducing an employee stock purchase plan once it becomes a public listed entity

DUBAI: Saudi Aramco will make available $1 billion of shares for employees under a plan to incentivize executives and other staff members alongside the initial public offering (IPO) due to take place next month.

The plan — which was disclosed in the IPO prospectus published late on Saturday night — will involve Aramco buying the shares from the government and making them available for employees under special terms.

Details are still being worked through, but the prospectus talked of a “celebratory grant plan,” implying that at least some of the shares would be given free to some of Aramco’s 73,000 employees.

Such share schemes are not uncommon in privatizations. 

 

Contributions

The Aramco plan is designed to “provide additional incentives to employees whose contributions are essential to the growth and success of the company, to attract and retain qualified individuals and to further align the interests of such employees with shareholders of the company,” the prospectus said.

The scheme will be in three parts: A long-term incentive plan for executives, a similar plan for management levels, and an incentive scheme for other eligible employees, in addition to the “celebratory grant.”

Aramco said it was also considering introducing an employee stock purchase plan once it becomes a public listed entity.

Publication of the offer prospectus is expected to stimulate interest among Saudi nationals, eligible expats and Gulf Cooperation Council (GCC) citizens for the IPO, expected to be the biggest share offering ever. Some 1 billion shares will be made available to private investors in the IPO, with as much as 2 percent being sold to global investors.

High net worth individuals interested in buying large chunks of shares may be included in the institutional offering if there is a lot of private investor demand.

The final proportion to be sold will be determined by the strength of global demand for the stock. There is also the possibility that the government could sell a big tranche of shares to a strategic foreign investor — like a big energy trade partner or a sovereign wealth fund.

The 658-page prospectus contains detailed financial and commercial information on Aramco and will be studied closely by investors interested in the shares.