Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has issued its first Shariah compliant equity investment structured note for 2017, according to a statement.
Having a maturity of one year, the investment note minimizes investment risk by providing 100% capital protection to the capital invested.
The note is currently open for subscription until 22 January 2017 with a minimum investment requirement of $30,000 (AED 110,190).
“The note is linked to a basket of undervalued blue chip companies from diversified sectors including healthcare, technology & telecommunications,” the bank added.
ADIB’s last three matured equity investment notes have yielded returns of 4.2%, 4.8% and 6.2%, respectively.
In this latest product, investors will have the opportunity to invest in an equity basket of leading international brands including Allergan, Cerner, Merck & Co., KDDI, and Philips.
