SCAP Shariah (Regs)

Shariah Capital, Inc
03 October 2007

PRESS RELEASE




    DMCC and Shariah Capital to develop commodities-based Sharia'a compliant
                              investment vehicles



*   US-based organization to assist  in building investment products from
    commodities inventoried in Dubai and securitized by DMCC

*   DMCC-branded investment vehicles to be listed on local exchanges



Dubai, October 3, 2007: The Dubai Multi Commodities Centre (DMCC) and Shariah
Capital, Inc., have signed an agreement to explore the development of Shariah
compliant investment products based on hard assets such as commodities and
precious metals, according to a joint announcement today.  A US-based
organization with a DIFC-registered office in Dubai, Shariah Capital Inc. is a
multi-dimensional company that creates and customizes Shariah-compliant
financial products and provides Shariah compliant consulting and advisory
related services.



In its capacity as Shariah advisor, Shariah Capital will work with DMCC senior
management to convert the Centre's expertise in securitizing commodities
inventoried in Dubai into DMCC-branded investment tools whose underlying
physical assets represent Shariah compliant financing and investment
opportunities.



Shariah Capital also will work with investment managers exclusive to DMCC, with
a specific focus on DMCC strategies involving precious metals and related
commodities which can be configured and monitored for Shariah compliance and
distributed to Islamic investors in multiple markets.  It is anticipated that
such products, taking advantage of Dubai's ready infrastructure, will be seeded
by the DMCC and listed on  local exchanges.





Eric Meyer, Chairman and CEO of Shariah Capital, commented:  "Commodity-based
assets represent an enormous untapped opportunity for investors interested in
Islamic products and investment tools.  The problem has been that there are not
enough Shariah compliant, professionally-managed, commodity-linked products at
the investment-grade level.  The team at DMCC has the vision to translate this
investor need into a serious product initiative. We are privileged that the DMCC
has chosen Shariah Capital to join it in this important effort."



Ahmed bin Sulayem, Executive Chairman, DMCC said: "The DMCC is constantly
exploring new avenues for opportunities to service the growing needs of its
stakeholders. There has been increasing interest among local investors in
Shariah-compliant investments, and the DMCC is keen to expand the scope of its
activities to include the development of commodities asset-based investment
vehicles. Shariah Capital Inc. has a well-established global reputation and the
DMCC looks forward to working closely with them to offer our clients
valued-added services."



Shaykh Yusuf Talal DeLorenzo, Chief Shariah Officer of Shariah Capital, will
lead the Shariah process for DMCC's new products.  "Existing Murabaha offerings
have long relied on foreign metal exchanges," Shaykh Yusuf said, "even to the
point of stretching credibility.  The DMCC, with its own warehouse receipt
system for commodities inventoried in the UAE, is in a unique position to take a
different approach, one we believe will result in products backed by the full
faith and credit of the Dubai government that offer higher returns and greater
transparency to the Shariah-compliant investor.  It is very exciting to think
about the range of commodity-linked investment products that could be developed
with DMCC, and I am confident that Shariah Capital will bring all of its
creative disciplines to the task."



                                     -ends-

Editor's Note:



About DMCC Corporate

DMCC was created in 2002 as a strategic initiative of the Dubai Government to
establish a commodity marketplace in Dubai. Rated 'A' by Standard & Poor's, it
provides the market infrastructure that brings together a wide range of
commodities activities, and is committed to serve the needs of participants in
the gold, diamonds and commodities markets. Resident companies of DMCC are
offered highly attractive benefits under a free zone status, including a 50-year
guaranteed tax holiday, 100 per cent business ownership, full ownership of
business premises, and a secure regulated environment.



About Shariah Capital

Shariah Capital (www.shariahcap.com ) creates and customizes Shariah compliant
financial products and provides Shariah compliant consulting and advisory
services to financial institutions and investment firms with product platforms
directed to Islamic investors.



Shariah Capital is traded on the Alternative Investment Market (AIM) of the
London Stock Exchange under the symbol SCAP.  It is regulated by the Financial
Services Authority (FSA) in the United Kingdom and is registered and licensed
with the Dubai International Financial Centre (DIFC) in Dubai, United Arab
Emirates. Shariah Capital maintains offices in the United States and Dubai.



All statements, other than statements of historical fact, contained in this
document constitute "forward looking statements". In some cases forward looking
statements can be identified by terms such as "may", "intend", "might", "will",
"should", "could", "would", "believe","anticipate", "expect", "estimate", "
predict", "project", "potential", or the negative of these terms, and similar
expressions. Such forward-looking statements are based on assumptions and
estimates and involve risks, uncertainties and other factors which may cause the
actual results, financial condition, performance or achievements of the Company
to be materially different from any future results, performance or

achievements expressed or implied by such forward looking statements. New
factors may emerge from time to time that could cause the Company's business not
to develop as it expects, and it is not possible for the Company to predict all
such factors. Given these uncertainties, prospective investors are cautioned not
to place any undue reliance on such forward looking statements except as
required by law. The company disclaims any obligation to update any such forward
looking statements in this document to reflect future events or developments.








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

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