Deutsche Bank and Goldman Sachs Asset Management are behind a new Shariah-complaint investment scheme launched yesterday by the Dubai Islamic Bank. The five-year scheme, which uses capital protected notes, opens up the $2 trillion hedge fund industry to Islamic investors. The hedge fund market has - until now - been out of their reach due to the non-Shariah compliant nature of the majority of hedge funds. DIB's hedge fund-linked notes will be issued by Deutsche Bank with a minimum initial subscription of $10,000 and benchmarked against an index that tracks the performance of a fund of hedge funds managed by Goldman Sachs Asset Management, without investing directly in the hedge funds. “The notes will reflect the performance of the index, so the customer’s money will never go into the actual hedge fund. It will go into these notes that then reflect the performance of the hedge funds,” said Naveed Ahmad, head of investment at DIB.