Winner in crises: Sharia-compliant funds

We've been looking for winners in the on-going credit crunch. Mutual funds, judged by their stock prices, not performance, have been one. Financial News Online  notes another: sharia-compliant funds, which some see as safe havens. They sport high returns, as do other structured products, but carry lower credit risk because they trade in physical commodities and apparently avoid most derivatives. I do not think we'll see a flood of money to theses funds that would otherwise go somewhere else. Still, it's interesting. But we may see more of these vehicles crop up from mainstream banks.  

For more:
- here's the Financial News Online article

Related articles:
- Sharia-compliant finance takes off
- When is a hedge fund not a hedge fund?