Monday, 1 March 2010

Politics List
 
Money Matters.....
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The banks are heading in the same direction.................


Deutsche will target existing hedge funds who want to run sharia strategies alongside their ongoing investment activities. It will follow the launch of Barclays Capital's Al Safi sharia-complaint range in June and the launch last year of a similar product by Newedge, the broker joint venture of Credit Agricole's Calyon and Societe Generale.
Sharia-compliant transactions demand transparency throughout the investment process. Short selling is banned because it amounts to selling an asset not owned and risk management must accommodate the exclusion of certain types of derivatives because of their speculative nature.