The launch of the world's first Islamic hedge fund will widen the investor base for alternative investments. A Saudi bank and a US company are working on the product, which could launch within six months, targeting a client base from the Middle East.
There has been demand in the Islamic world for a hedge fund-type vehicle for some time. The key issue is structuring it to fit with Shari'ah law, which prohibits shorting, according to Rushdi Siddiqui, director, Islamic group business development,
The week on Risk.net, March 10-16 2018Receive this by email