US firm takes part in launch of Dubai-government backed Shariah Hedge Fund
On March 11, 2009 · In Dubai, Islamic Finance, Shariah Compliant Hedge Funds, Shariah Finance, UAE, USA
Anyone who says that Shariah is not coming to America needs to wake up and take note of this article in which it is revealed that US-based Shariah Capital is part of a $200 million launch of a Shariah-Compliant hedge fund.
Note also, however, that Deutsche Bank launched a similar vehicle and it received no market interest. Perhaps this is why the government of Dubai, part of the Taliban- and Al Qaeda-backing United Arab Emirates, has had to pony up the capital to get this fund started…
http://www.thenational.ae/apps/pbcs.dll/article?AID=/20090310/BUSINESS/689678003/-1/OPINION
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