Abu Dhabi – MENA Herald: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has launched a secondShariah compliant investment structured note for the year, which is linked to a basket of blue chip companies from diversified sectors and with overweight focus on the healthcare industry.
The investment note matures in 12 months and provides 100% protection at maturity to minimize investment risk. The note is currently open for subscription until October 22, 2016 with a minimum investment requirement of USD $30,000. Customers will have the option to redeem the investment after a three-month lock-in period.
DafferLuqman, Global Head of Liabilities and Wealth Management at ADIB, said: “ADIB offers a wide variety of wealth management products and solutionsto suit their specific investment strategy. This investment note offers the peace-of-mind of capital protection, while looking to take advantage of the positive growth outlook for blue chip companies with a positive business outlook .
The note offers investors the opportunity to invest in an equity basket of international brands including Allergan, Cerner, Merck & Co., KDDI, and Philips.
Last month, ADIB launched an investment note linked to a basket of blue chip companies from diversified sectors with a special focus on retail.
As one of the UAE’s leading banks, ADIB has been developing and delivering best-in-class solutions tailored to meet the financial needs of customers through effective financial planning and asset allocation.