Shariah-compliant commodity trading gathers pace in Dubai

AME Info: Shariah-compliant commodity trading gathers pace in Dubai

Islamic Finance is not only dedicated to Islamic bonds (sukuk) or to funds investing in the stocks of firms which operate in a Shariah-compliant way.

It also has a prominent role to play in commodity trading. With the current boom in the commodity sector and in Islamic finance, financial institutions find themselves in a win-win-situation.

While Islamic Finance grows at an average of 20% p. a., according to Dr. David Rutledge, CEO of the Dubai Multi Commodity Centre (DMCC), the number of commodity managed funds has been growing at a compound annual rate of 98.2% in recent years.

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