Palisades Park Capital, a new Los Angeles-based hedge fund firm, has unveiled a new hedge fund, a Shariah-compliant vehicle called Palisades Park Multi-Strategy Fund. Interestingly, Palisades Park Capital has no web site and the firm is not listed in any online or Los Angeles-area telephone directory… http://www.hedgefund.net/publicnews/default.aspx?story=10801
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 […]
Shariah-Compliant Finance has gained a foothold in India and the story of this development illustrates the misleading nature of the industry. A new Shariah-Compliant fund was just launched. But look closely at its name: The Taurus Ethical Fund. Regular readers of SFW know that we have addressed this before. Proponents of Shariah-Compliant Finance are fond […]
If any of our readers still does business with HSBC, you may be interested in this article… http://ftadviser.com/InvestmentAdviser/Investments/Region/FrontierMarkets/News/article/20090223/a7001eb2-ff62-11dd-ac57-00144f2af8e8/HSBC-targets-sharia-in-UK.jsp
WomenOntheWeb: Is the Banking Bailout Helping Fund Terror Groups?
A web site named Women on the Web just published an article related to Shariah Finance. It was not particularly well done unfortunately. Since I was quoted in the article (see link below) I felt the need to preface the link with some comments: As one of the people interviewed in this article, I feel […]
Playing with fire. One hedge fund manager we talked to who claimed to have done due diligence on Shariah, couldn’t even pronounce the name correctly. http://www.finalternatives.com/node/5994
Monday, October 27, 2008 Frank J. Gaffney, Jr. SELL-OFF OR SELL-OUT? Deputy Treasury Secretary Robert Kimmitt, currently “studying” Shariah Finance News item: On Sunday, Arab News reported, “The U.S. government is currently studying the salient features of Islamic banking to ascertain how far it could be useful in fighting the ongoing […]
October 15, 2008 Exclusive: Sharia-Compliant Finance: How Not to Solve the Financial Crisis Christopher Holton Over the past several weeks, political and financial analysts alike have offered many ideas on how to deal with the effects of the subprime mortgage debacle and the ongoing global financial crisis. One of the most recent […]
Saturday, October 04, 2008 America Must Not Bail Out Sharia Finance (but we will) Gold Diggersof 1933 ~ We’re in the MoneyFeaturing Ginger Rogers America Must Not Bail Out Sharia FinanceOctober 3, 2008by Jeffrey Imm Anti-Jihad League of America On September 17, 2008, the U.S. News and World Report magazine reported on how the “Federal […]
Deutsche Bank to launch sharia hedge fund platform – guardian.co.uk Deutsche Bank to launch sharia hedge fund platform guardian.co.uk, UK – 2 hours ago… in June and the launch last year of a similar product by Newedge, the broker platform joint venture of Credit Agricole’s Calyon and Societe Generale. … » original article
Deutsche Bank to launch sharia hedge fund platform With all the controversy surrounding hedge funds and short selling, could Islamic finance provide a more responsible approach to the philosophy and management of hedge funds? One feature that would distinguish a hedge fund built upon Islamic principles is that short selling would not be allowed because it […]
Deutsche Bank to launch sharia hedge fund platform By Cecilia Valente LONDON, Sept 23 (Reuters) – Deutsche Bank AG’s prime brokerage business is preparing to launch a sharia-compliant hedge fund platform within the next month, as part of its Middle East expansion plans, a senior official said. Deutsche Bank will expand an existing service […]
Lehman’s Demise Delays Shariah Fund Launch September 18, 2008 The collapse of Lehman Brothers has put on hold the launch of a new Shariah-compliant fund of hedge funds. Amiri Capital has had to shelve plans to launch the Amiri Equity Alternative Strategies fund, for which it had lined up Lehman as prime broker, this summer. […]
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