DSAM awarded for the third consecutive year at the MENA Fund Managers Awards

Dubai, UAE; 18 January, 2012: For the third consecutive year, Dubai Shariah Asset Management ('DSAM') Kauthar Gold Fund has been awarded the Outstanding Performance and Innovation Award at the MENA Fund Manager Awards, which was held at the Address Hotel in Dubai on January 16th, 2012. The Fund was recognised for its three year annualised return of 25.93% through December 2011.

The Kauthar Gold Fund is part of DSAM's Shariah-compliant Kauthar Commodity Fund. DSAM is a joint-venture between the Dubai Commodities Asset Management, the asset management division of the Dubai Multi Commodities Centre ('DMCC'), and Shariah Capital Inc, the leading US-based Shariah financial advisor and consultant.

Ahmed Bin Sulayem, Executive Chairman of DMCC commented:

"We are delighted to see that once again, the Kauthar Gold Fund has been recognised for its strong performance and innovative approach in challenging circumstances.  Receiving the same award for three consecutive years is testimony to our commitment to achieving the highest returns and we are extremely proud to be recognised for our Fund's exceptional three-year track record."

The DSAM Kauthar Commodity Fund comprises three single strategy commodity-based funds that invest exclusively in Shariah-compliant equities. The three strategies are: The DSAM Kauthar Gold Fund; the DSAM Kauthar Energy Fund and; the DSAM Kauthar Global Resources & Mining Fund.  

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Dubai Multi Commodities Centre Authority
The Dubai Multi Commodities Centre Authority (DMCC) is the free zone authority for the Jumeirah Lakes Towers. The DMCC, established in 2002, is a strategic initiative of the Government of Dubai with a mandate to provide the physical, market and financial infrastructure required to set up a commodities market place in Dubai. The Centre attracts key players throughout the entire value chain of a wide range of commodities sectors, together with relevant support industries such as finance, logistics and insurance.

DMCC has established a robust infrastructure, including free zone status, trade networking platforms, secure vaults and purpose-built storage facilities. Resident companies of DMCC are offered highly attractive benefits under a free zone status, including a 50-year guaranteed tax holiday, 100 per cent business ownership, full ownership of business premises and a secure regulated environment. DMCC has also implemented a dedicated compliance policy in the organisation, which is in line with the compliance related laws and regulations of the UAE Federal Government and the competent international bodies.

Dubai Shariah Asset Management
Dubai Shariah Asset Management, DSAM, was established to provide Shariah compliant investment products for institutions and retail distributors worldwide. Based in Dubai, DSAM is currently partnering to distribute investment products, including white-labeled funds, in the GCC, Middle East, Asia, and Africa and is licensed, through Dubai Commodity Asset Management, (DCAM), as an investment company that is regulated by the Central Bank of the UAE. DSAM provides financial services to sophisticated investors with an interest in Shariah compliant products that are competitive in every way with their conventional counterparts. 

For media enquiries:
Dubai Multi Commodities Centre
Sanra Vetter Sloan
sandra.sloan@dmcc.ae
+971 (4) 364 4261

Brunswick Group
Jade Mamarbachi
+971 (4) 446 6274

© Press Release 2012