DMCC's DSAM Kauthar Commodity Fund named 'Best Fund-of-Funds'
Source: BI-ME , Author: BI-ME staff
Posted: Wed April 21, 2010 1:20 pm

UAE. 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.

The award was received by Ahmed Bin Sulayem, Executive Chairman, Dubai Multi Commodities Centre (DMCC), the seed investor in the DSAM Kauthar Funds.

“On behalf of DMCC, I am honoured to receive this award for DSAM Kauthar Commodity Fund’s exceptional performance.

This award is a further recognition of DMCC’s pioneering work in Shariah-compliant investment products.”

This year's Annual Failaka Islamic Fund Awards was held in conjunction with the Amanie-Failaka Symposium 2010, a one-day learning experience featuring some of the world's most respected Shariah scholars.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: December 18, 2018
UAE. The goal is the "smart factory" with cyber-physical systems capable of autonomously exchanging information, triggering actions, and controlling each other independently.
date:Posted: December 17, 2018
UAE. While e-commerce enjoys rapid growth, global attack trends indicate that the retail support sector continues to be a popular target for cybercriminals.
date:Posted: December 16, 2018
UAE. Is IoT compounding the problem?; Using a combination of AI and machine learning, IT staff can recognise, profile and connect every device accessing their network, giving each its own risk profile.
dhgate