Dubai to launch silver ETF

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Fri, Nov 21, 2008

Natural Resource Market News
Post by Melissa Pistilli, Resource Reporter

Silver Investing News reports the Middle Eastern demand for silver is high and Dubai will launch a silver ETF next month.

“Details of the silver ETF are being kept under wraps for the launch but the plans seem at a advanced stage,” said Cooper. The gold and silver ETFs will no doubt have to comply with Sharia law, which prohibits charging interest as it is a form of usury, and bans investments in businesses connected to alcohol or gambling.

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