• HSBC

New Shariah hedge fund index launched

  • United Arab Emirates: Thursday, January 08 - 2009 at 14:24

The Dubai Multi-Commodities Centre Authority and Shariah Capital yesterday launched the Dubai Shariah Hedge Fund Index - the first of its kind - to monitor the performance of Islamic hedge funds investing in commodities. The Dubai Shariah Hedge Fund Index will be calculated and reported by Thomson Reuters, the global news and financial information organisation. The Index reflects the performance of the DSAM Kauthar Commodity Fund, Ltd. ("DKCF"). DKCF is an equally-weighted fund-of-funds comprised initially of four single- strategy, commodity-focused funds that invest exclusively in Shariah compliant long/short equity hedge funds on the Al Safi Trust platform

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