$150m Islamic hedge funds debut in Dubai « Peter J. Cooper’s Weblog

Some industry watchers have suggested that Al Safi’s funding and the launch of DSAM is a historic milestone in Islamic Finance. And it seems ironic that Islamic hedge funds should debut at such a bad time for the hedge fund industry as a whole but if they can make this work now then the future is surely assured. Their choice of commodity assets for the fund - which include gold - should also perform well as the US inflates its economy to avoid a depression and keeps commodity prices high.