Barclay Crawford Mar 09, 2008 - South China Morning Post
Nadwah - Hong
Kong
A
bitter row has broken out between the
United Arab Emirates consulate and a businessman over his newly
established Arab Chamber of Commerce and Industry.
Edwin Hitti, who claims he is a lord, intends to sue the UAE's consul
general, Saeed Hamad Ali al-Junaibi, for defamation over allegations
that he was not a Muslim and did not have a Muslim name.
Mr Hitti said the
dispute began last year when he approached the UAE government
about the price the consulate was charging for certifications
for local businesses to operate in the Emirates.
The consul
general then complained to the UAE government, he said. "He
used every single bad adjective he could think of about
myself and the chamber, saying I was pretending to be
Lebanese, pretending to be Muslim and that the chamber is
not a legitimate organisation and that it is swindling
people and encouraging Hong Kong enterprises to invest in
it," Mr Hitti said.
However, a spokesman for the consul general dismissed
the accusation, saying authorities in the Gulf and other
consulates in
Hong Kong had been warned that they did not
endorse the chamber.
The spokesman said Mr Hitti had "started something
called the Arab Chamber of Commerce", of which they
did not approve. "We reported this to the Ministry
of Foreign Affairs. We want to make it clear that
this man has no connection with us."
The dispute comes only months after Chief
Executive
Donald Tsang Yam-kuen announced plans to
develop an Islamic bond market based on
sharia-compliant products. Sharia is the Islamic
religious law.
The government also hopes the
Abu Dhabi Investment Authority, which
manages an estimated US$650 billion of
investments for the
Abu Dhabi government, will establish
a presence in the city. Mr Hitti said the
UAE had targeted his organisation
because in the Arab world chambers were
extensions of government, and they could not
accept that his group was independent.
"It's unfortunate, and we have been
trying to downplay this matter as much
as possible, because
Hong Kong has been making every
effort possible to attract Islamic
finance, banking and so on," he said.
Mr Hitti said InvestHK was among
their 100 members, and the chamber
was completely legitimate under Hong
Kong law. The chamber, set up in
November 2006, also has a
Hong Kong Sharia Advisory
Council, which is supposed to advise
companies on investments that are
sharia-compliant.
The chamber plans to launch a
sharia-compliant stock index in
Hong Kong on March 17. Mr
Hitti said he would begin his
defamation proceedings after the
launch.
But the spokesman for the
UAE consul general dismissed
the validity of the index
and the advisory council's
role. "We also called the
Islamic Trustees of Hong
Kong and different Islamic
groups in
Hong Kong, and they
do not recognise what he
calls an Islamic index," he
said.
The spokesman also said
they did not understand
what Mr Hitti meant by
"sharia compliance", as
the law is different in
all countries. "Sharia
compliance is a big
topic in
Hong Kong," he
said. "Sharia compliance
in
Egypt is
different to that in
Saudi Arabia and
different in
Pakistan."
Muhammad Arshad,
imam of the
Incorporated
Trustees of the
Islamic Community
Fund, who was
initially overseeing
the Sharia Advisory
Council, said he
left the chamber as
the trustees did not
think he should take
part.
"I joined
because it was
Arab but lately
it has become
known that it
was not actually
a chamber of
commerce, but a
private
company," he
said.