DMCC's DSAM Kauthar Commodity Fund named 'Best Fund-of-Funds' - Business Intelligence Middle East - bi-me.com - News, analysis, reports
In recognition of its outstanding performance, Dubai Shariah Asset Management (DSAM) Kauthar Commodity Fund was named ‘Best Fund-of-Funds’ at the annual Falaika Islamic Fund Awards.
This announcement was made today by Dubai Multi Commodities Centre (DMCC). The annual Falaika Islamic Fund Awards recognises top performers in the global Shariah-compliant investment marketplace.
The DSAM Kauthar Commodity Fund, the first Shariah compliant fund-of-funds of its kind, generated a net return of 41.19% in 2009, leading both the conventional and Islamic fund industries. This is the third award for DMCC’s industry leading fund this year.
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