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A Ha! This is the loophole the Shariah-compliant hedge fund uses so they can short sell morally

Posted on 01 April 2010

From sfgate.com: Shariah Capital Chief Executive Eric Meyer, a practicing Catholic and former hedge fund manager, has worked closely with Islamic scholars to develop “sophisticated Web-based software for determining whether specific securities are Shariah compliant.”

Sophisticated is basically code for: he found a loophole. The new fund of funds has to comply with a set of rules to make sure its shariah-compliant:………………………………Full Article: Source

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


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