With year-to-date (YTD) return of 15.76 per cent by the close of March, the world's first Shariah-compliant gold hedge fund – the Dubai Shariah Asset Management (DSAM) Kauthar Gold Fund (DKGF) has outperformed its peers in the first quarter since launch.
The fund's YTD return stands higher than all other gold-based products, DSAM data showed.
Adherence to Shariah laws adds to the fund's strength, its managers said.
While the Philadelphia Gold and Silver Index (XAU), one of the most watched gold indices in the markets saw a return of 8.59 per cent until April, direct investment into the gold futures at Chicago Mercantile Exchange (Comex) in January this year would have guaranteed returns up to 4.35 per cent by April 1.
This is good but i want to learn more about Shariah Fixed Income Fund
ReplyDeleteThis is a post from April 2009, may I suggest you check with Fund promoters, Mashreq Bank Asset Managers.
Deletehttps://www.mashreqcapital.ae/capital/islamic-products
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