The Shahada of Islam says, in part, that "there is no God but God." Muhammad, the prophet of Islam, was undoubtedly familiar with Old Testament Christian doctrine, which, similarly, teaches that "there is no God beside me." In essence, Mormons agree with both statements. However, modern revelation, given through a prophet of the Church of Jesus Christ of Latter-day Saints, clarifies what these statements mean.
Politics is seldom simple. But the truth usually is.