{"id":490751,"date":"2010-03-30T10:47:54","date_gmt":"2010-03-30T14:47:54","guid":{"rendered":"http:\/\/blogs.reuters.com\/fundshub\/?p=2872"},"modified":"2010-03-30T10:47:54","modified_gmt":"2010-03-30T14:47:54","slug":"no-%e2%80%9cinshallah%e2%80%9d-for-hedge-funds","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/490751","title":{"rendered":"No \u201cInshallah\u201d for hedge funds"},"content":{"rendered":"<p>Islamic funds may well be\u00a0&#8220;the most dynamic part of the Sharia-compliant sector&#8221;, supported by with increasing interest\u00a0from\u00a0 deep pocketed investors,\u00a0\u00a0but if you are a hedge fund manager,\u00a0 Banque Sarasin reckons you have no hope of\u00a0getting a slice of this Sharia\u00a0pie.<\/p>\n<p>The Sarasin Islamic Wealth Management Report 2010 says many Islamic investors cannot be persuaded\u00a0hedge funds are\u00a0linked to the real economy (one of the tenets of Islamic finance), plus investors\u00a0are discouraged by short selling which, strictly speaking, is also\u00a0prohibited.<\/p>\n<p>And before you hedgies\u00a0say you know a\u00a0Sharia scholar or two who is comfortable with signing off a\u00a0fatwa,\u00a0the necessary backing\u00a0to any Islamic product, \u00a0Sarasin says the &#8220;forbidden&#8221; label still sticks to hedge funds &#8212; &#8220;effectively stopping the development of this sector&#8221;.<\/p>\n<p>&#8220;Despite efforts since 1997, the sector remains small. To date, there does not appear to be an Islamic hedge fund which has substantial assets under management.<\/p>\n<p>&#8220;Due to this, and the uncertainty regarding hedge funds in general, substantial investment in this field is not expected in the short term,&#8221; the report says.\u00a0Period.<\/p>\n<p>Islamic investors are currently going long-only instead. For the time being\u00a0 at least there is\u00a0little &#8220;inshallah&#8221; for hedge funds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamic funds may well be\u00a0&#8220;the most dynamic part of the Sharia-compliant sector&#8221;, supported by with increasing interest\u00a0from\u00a0 deep pocketed investors,\u00a0\u00a0but if you are a hedge fund manager,\u00a0 Banque Sarasin reckons you have no hope of\u00a0getting a slice of this Sharia\u00a0pie. The Sarasin Islamic Wealth Management Report 2010 says many Islamic investors cannot be persuaded\u00a0hedge funds [&hellip;]<\/p>\n","protected":false},"author":6534,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-490751","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/490751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6534"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=490751"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/490751\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=490751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=490751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=490751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}