The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Eric Meyer

CEO and president of Shariah Funds Inc

Eric Meyer is the newest figure in Islamic finance and one of the most unusual. A youthful 42-year-old Catholic New England fund manager turned hedge-fund manager, turned venture capitalist, turned Islamic finance opportunist, his attempt to launch a Shariah-compliant hedge fund is causing a big stir in a small pond.

Shariah-compliant hedge funds are a contradiction to many Muslims. Everything about them seems to violate core Islamic finance principles. Money has no intrinsic value in Islamic finance so securities have to represent real assets and trading them for anything other than their face value is highly questionable. So hedge funds, which use derivatives and leverage, and which short securities, would seem to be a no-no.

Meyer and his Shariah scholars claim to have developed mechanisms that will enable Shariah-compliant investors to move into one of the most cutting-edge areas of modern finance. It's the Islamic financial engineering equivalent of building a bridge to the moon.

What attraction does Islamic finance hold for a successful venture capitalist who made his money in the dot com years by taking technology companies public and running a long-short equity fund? The self-proclaimed financial engineer with a passion for collecting old manuscripts and stock certificates from the robber baron age (he has one of the first known certificates John D Rockefeller and Standard Oil ever issued), likes a challenge.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree