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StanChart Saadiq avoids Islamic hedge funds

Posted on 07 April 2010

From Themalaysianinsider.com: Standard Chartered Bank sees opportunities in Islamic derivatives products but is steering clear of hedge funds, another grey area of sharia-compliant finance, the head of its Saadiq unit said.

Afaq Khan, chief executive officer of Standard Chartered Saadiq, said Islamic hedge funds were at the edge of development of the industry and many Islamic finance experts were hesitant to approve them……………………………………….Full Article: Source

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