Shariah Capital is a U.S.-based company that creates and customizes Shariah compliant financial products and platforms and provides selective Shariah consulting and advisory services primarily to global financial institutions and investment firms with product initiatives directed to Islamic investors.
The company is best known for its pioneering efforts in Shariah compliant hedge funds. It developed a proprietary software engine for screening stocks electronically, devised a Shariah compliant, arboon-based short sale methodology, and modified prime brokerage documentation that led to some of the industry's first Shariah compliant hedge funds and funds of hedge funds.
Shariah Capital was awarded the prestigious Master of Islamic Funds Award in 2007 in the "Best Innovation/New in Islamic Funds" category and named "Best U.S. Islamic Financial Services Firm" in 2008 by Global Finance magazine. In 2011, World Finance magazine named Shariah Capital "Best Shariah Compliant Hedge Fund Service Provider."
The DSAM Kauthar Gold Fund, Ltd. received the MENA Fund Manager Award for "Outstanding Performance and Innovation" for two years in a row in recognition of its performance in 2009 and 2010. It consistently has been ranked by Barclay Hedge in its Top Ten of Metals & Mining Hedge Funds based on the Fund's individual monthly performance results in 2009, 2010, and 2011.
The DSAM Kauthar Energy Fund, Ltd. was ranked by Barclay Hedge among its Top Ten Energy Funds based on its performance in February, 2011.