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Islamic Finance Briefing - Categorized | Funds, Performance more

Sharia-compliant funds record strong gains in 2009

Posted on 20 October 2009

From Gulfbase.com: In the first nine months of this year, the Sharia-compliant Dubai Sharia Asset Management (DSAM) Kauthar Commodity Funds have recorded extremely strong gains, led by the DSAM Kauthar Gold Fund, which was up 51.48 percent as of Sept. 30, 2009, the Dubai Multi Commodities Authority (DMCCA) announced.

The DSAM Kauthar Commodity Fund (DCKF), an equally-weighted fund-of-funds comprised of four single-strategy, commodity-focused funds that invest exclusively in Sharia-compliant long/short equity hedge funds on the Al-Safi Trust platform, was up 30.51 percent at the end of the third quarter of this year……………………Full Article: Source

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