San Francisco hedge fund goes Shariah Compliant

Thanks to Allyson Taylor for calling our attention to this development.

Passport Capital of San Francisco, a hedge fund company, recently invested in Shuaa Capital in the UAE, a Shariah Compliant financial organization.

http://www.meed.com/news/2008/10/us_hedge_fund_buys_12_per_cent_of_shuaa_capital.html

Staying true to the lack of disclosure rampant in the Shariah-Compliant Finance industry, no mention has been made of this on Passport’s American web site…

http://www.passportcapital.com/home

Source: Shariah Finance Watch