Product Description
Explaining Hedge Funds in the Shari’ah Context: Dubai as the Hedge Fund Jurisdiction of Choice. Over the past few years, there has been considerable economic growth and an increase in prosperity across the Middle East, which has fuelled a significant investment boom. This new title from ISI Publications covers many aspects of the investment industry, and shines a spotlight in particular on the growing market in Dubai. Published in association with the Dubai International Financial Centre, this book offers valuable and practical knowledge about raising capital in the Middle East, the key issue of Shari ah-compliant hedge funds, a comparison of some of the key jurisdictions and much more. Table of Contents: Chapter One: Overview Development of the Hedge Fund Industry in the Middle East. Kevin Birkett, DIFC, Dubai. Chapter Two: Shari’ah-Compliant Hedge Funds: Commencing with First Principles. Michael J.T. McMillen, Member, New York Bar. Introduction and some initial considerations Hedge funds, strategies and mechanisms Definitions, compositional elements and the Shar cah Strategies Restrictive Shar ‘ah principles and precepts The Shar ‘ah, generally Hedge-related principles and precepts Types of options and voidable or revocable sales And then… realism and experience Arboon and Salam structures for short selling and options trading Arboon Salam Conclusion Chapter Three: Field of Dreams Peter Hughes, Apex Fund Administration, Dubai. Chapter Four: Raising Assets in the Middle East Nigel Sillitoe, Thames River Capital, London. Introduction The six key elements to raising capital A black book Patience A broad product range Gathering information on distribution channels Commitment Understanding the latest marketing regulations Chapter Five: Hedge Funds in the Middle East Antoine Massad, Man Investments, Middle East Chapter Six: Assessing the Appetite for Hedge Fund Investments in the Region Hashem Alwazzan, Kuwait China Investment Company, Kuwait. Chapter Seven: Securities Regulatory Frameworks and Islamic Finance: A Comparative Survey Michael J.T. McMillen, Member, New York Bar. Introduction and background Securities (capital markets) laws: general framework considerations Background considerations Government regulation and self-regulatory organisations Government enforcement: civil and criminal Private enforcement Offerings and disclosure Capital markets access Limited offerings Institutional investor markets Public offerings Financial intermediaries Collective investment schemes Secondary markets Framework adjustments for asset securitisations General background Disclosure matters Investor communication matters Comparative summary of national securities law The chosen jurisdictions Kingdom of Saudi Arabia United Arab Emirates Malaysia Singapore Pakistan Conclusion and suggestions for further enquiry
Explaining Hedge Funds in the Shari’ah Context: Dubai as the Hedge Fund Jurisdiction of Choice