Dubai to back Shariah hedge fund

http://www.ameinfo.com/160943.html

 

United Arab Emirates: 5 hours, 11 minutes ago

A Dubai government agency has committed $250m to a Shariah-compliant fund investing in a range of commodity hedge funds, reported Reuters. The Dubai Multi Commodities Centre Authority DMCC will invest $50m in five hedge funds approved under Shariah law, which forbids investments in things such as credit and gambling or alcohol companies.

 

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