Explaining Hedge Funds in the Shari'ah Context

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 Sharīcah Strategies
Restrictive Sharī'ah principles and precepts
The Sharī'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.