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Opalesque Exclusive: As investors express an interest in more conservative vehicles, requirements to secure Shari’ah approval may be in closer alignment with strategy changes From Kirsten Bischoff, Opalesque New York: Shari’ah investors have been looking for new, innovative products in which to place their assets, and asset managers have begun to show an interest in learning about the specific requirements of providing Shari’ah vehicles. Recently Deutsche Bank announced a Shari’ah Hedge Fund platform and Dubai Multi Commodities Centre, an arm of the Dubai government, announced the investment of $150m into three commodity related hedge funds (Source).

The interests of both managers and investors may have gained traction over the past few months as the philosophy, which does not allow for investing in conventional financial or interests based stocks and has strict rules regarding leverage has been insulated from a large sector of market losses. As investors express an interest in more conservative vehicles, meeting the requirements for Shari’ah vehicles may align with some of the strategy changes which managers may implement.

The September performance for Eurekahedge Islamic Fund index returned -5.70% as opposed to the Eurekahedge (long only) absolute ......................

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