Gamble or risk control? Islamic hedging row rages

Reuters: JUNE 8, 2007 7:57 AM By Mohammed Abbas

Funds try to replicate hedging strategies in ways that will secure a fatwa, or decree from scholars declaring them sharia-compliant.

On the bankerme.com Web side, Islamic finance consultant Michael Gassner describes deal structures that hedge funds combine in a complicated series of steps to win Islamic approval.

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