The market appeal and success of Islamic hedge funds have yet to be tested
Issue 856
- 27 Jun 2009
| 4 minute read
An Islamic hedge fund appears to be a contradiction in terms. Conventional hedge funds are fundamentally associated with principles abhorred by sharia scholars, such as short selling or speculation. But after several years of hand wringing by sharia boards over what is halal (allowed) or haram (forbidden), under sharia law, real alternative investment vehicles claiming to be sharia-compliant are edging into the market
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