THE GUARDIAN: LONDON, (Reuters) - Deutsche Bank AG's prime brokerage business is preparing to launch a sharia-compliant hedge fund platform within the next month, as part of its Middle East expansion plans, a senior official said.
Deutsche Bank will expand an existing service on a selective basis, regional head for Middle East Structuring Geert Bossuyt told Reuters, and the platform -- or range of financial products -- will offer techniques for hedge funds to adjust to Islamic investment rules.
"It is a bit like the case of the chicken and the egg, you will never have demand if there is no offer. So Deutsche Bank, and others, offer product," he said. Deutsche Bank to Launch Sharia Hedge Fund Platform >>> By Cecilia Valente | September 23, 2008
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