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Islamic Finance Briefing - Categorized | Funds, Performance more

Shariah-compliant gold funds offer better returns

Posted on 16 March 2009

From Business24-7.ae: Shariah-compliant gold funds are offering better returns than the other funds as investment in the yellow metal has lifted its price by “multiples of a thousand dollars,” according to the managers of Shariah-compliant funds.

Eric Meyer the Chairman and CEO of US-based Shariah Capital Inc., said: “That’s (gold) one commodity everyone has confidence in. And if it’s a Shariah-compliant fund investing into gold the confidence levels of investors are all the more higher.”…. Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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