The Dubai Multi Commodities Centre Authority (DMCCA) and Shariah Capital, Inc. on Wednesday announced the Dubai Shariah Hedge Fund Index, the first internationally-recognized index comprised exclusively of Shariah compliant hedge funds. The Dubai Shariah Hedge Fund Index will be calculated and reported by Thomson Reuters, the global news and financial information organization. The index reflects the performance of the DSAM Kauthar Commodity Fund, Ltd. DKCF is an equally-weighted fund-of-funds comprised initially of four single- strategy, commodity-focused funds that invest exclusively in Shariah compliant long/short equity hedge funds on the Al Safi Trust platform. The Al Safi Trust is a comprehensive Shariah compliant platform designed specifically for hedge funds and launched recently by Barclays Capital and Shariah Capital. Distributed under the DSAM Kauthar label, the four funds underlying the index have been seeded with $50 million each by DMCCA. The Dubai Shariah Hedge Fund Index itself is not an investable vehicle. However, it mirrors the returns of the DSAM Kauthar Commodity Fund (DKCF) which is open to institutional and individual investors on a monthly basis. The Dubai Shariah Hedge Fund Index will be disseminated to over 300,000 traders and investors worldwide. __