RNS Number:5052W
Shariah Capital, Inc
14 May 2007



         Shariah Capital joins Dubai International Financial Centre

Dubai, May 14, 2007:

Shariah Capital Inc., a Shariah advisory company that creates and customizes
Shariah compliant investment products and platforms, announced today that it has
been granted a license to operate in the Dubai International Financial Centre
(DIFC).

His Excellency Dr. Omar Bin Sulaiman, Governor of the DIFC, said: "Islamic
finance has shown an enormous potential for growth in recent years, giving rise
to predictions that it will witness 15 per cent average annual growth rates in
the next decade. While Islamic finance is becoming increasingly sophisticated
and competitive, there is room for significant improvement particularly in the
development of competitive Shariah compliant alternatives to conventional
financial instruments. Armed with twin skill sets of Islamic expertise and
knowledge of conventional finance, Shariah Capital Inc will be able to
effectively bridge the gap between the two frameworks and thus add value to the
DIFC and the region."

Eric Meyer, chairman and CEO of Shariah Capital, commented: "Registration at the
DIFC is a strategic development for Shariah Capital, We now operate under
regulations in Dubai, the United States and the United Kingdom. Our registration
makes us a global player with a Shariah compliant institutional platform that
extends from New York to London and, today, to Dubai. We came to the DIFC
because it is an important gateway between East and West and because of its
commitment to become a global leader in Islamic Finance. Our goal is to align
ourselves with institutions like the DIFC that have the foresight and the
resources to push to the forefront of this industry."

Nasser Al Shaali, Chief Executive Officer of the DIFC, further commented: "While
Islamic financial institutions currently operate in more than 75 countries, it
is still a very young industry. DIFC member institutions that are building
product platforms directed to investors in the region often feel a crucial need
for Shariah compliant products and solutions that can compete with conventional
investment and risk management tools. As a member of the DIFC family, Shariah
Capital will be able to service this increasingly mainstream market through the
world-class facilities offered by the Centre."

As an advisor to multinational and regional financial institutions and
investment companies, Shariah Capital builds market-competitive Shariah
compliant alternatives to conventional Western financial products under the
provision of Shariah screening software and its Shariah solutions for short-
sales, options and balance sheet leverage.


For further information, please contact:

Eric Meyer
President & CEO
Shariah Capital, Inc.
125 Elm Street
New Canaan, Connecticut 06340
United States of America
Telephone: +1 (203) 972-0331
Facsimile: +1 (203) 972-0229
emeyer@shariahcap.com
www.shariahcap.com


Emirates Towers - 42nd Floor
Suite 4230
Sheikh Zayed Road
P.O. Box 31303
Dubai, United Arab Emirates
Telephone: +971 4 319 9199
Facsimile: +971 4 319 747



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

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