Dubai Shariah Asset Management (DSAM), and financial investment consultant Mondial (Dubai) L.L.C. (part of the Financial Partners Affiliation) today announced a Memorandum of Understanding where Mondial will offer the DSAM Kauthar Funds in seven countries, including the UAE, as part of a developing strategy to provide Shariah compliant products to investors.
The first two funds available to investors will be the DSAM Kauthar Gold Fund, Ltd., winner of the 2010 MENA Fund Manager Award for Outstanding Performance & Innovation and the DSAM Kauthar Energy Fund. DSAM is a joint venture between Dubai Multi Commodity Centre Authority (DMCC)and Shariah Capital……………………………………….Full Press Release: Source