Good News and Bad News:

Merrill Lynch will be/has launched an index that tracks domestically listed companies in Dubai. The bad news: I can't find more info ANYWHERE!! Here is the link to the article at least.

Merrill launches index on Dubai
By Paul J Davies from The Financial Times
Published: October 31 2006


This month UBS will be releasing an instrument that claims to be the world’s first sharia-compliant investment product linked to commodity prices.

Rush to tap into Islamic market
By Farhan Bokhari, Kevin Morrison and Gillian Tett from The Financial Times
Published: October 2 2006