UPDATE 1-Islamic gold security expected in Dubai-sources

UPDATE 1-Islamic gold security expected in Dubai-sources: "By Simon Webb DUBAI, Feb 24 (Reuters) - A sharia-compliant tradeable security backed by gold will be launched in Dubai next week, sources familiar with the plan said on Tuesday.
Investors have rushed into gold as a haven from the global economic storm and as insurance against potential future inflation. The price of gold rose above $1,000 an ounce for the first time in almost a year last week.

The Dubai gold security would comply with Islamic investment principles and offer regional investors a way to diversify into gold without actually buying the metal, sources said."