Dubai Islamic Bank (DIB) has launched a Shariah compliant three-year Capital Protected Global Diversified Note.
This note will have a minimum investment of US$10,000 while offering investors capital protection. The note, which was the brainchild of DIB’s wealth management division, will allow investors to participate in the multiple facets of global equities, currencies, commodities and real estate.
The note’s maximum potential return is 7% a year in its first year. The note’s assets comprise the DJ Eurostoxx 50 Index and Nikkei 225 Index in FX US$ JPY and FX US$ TW$. The commodities backing the note are copper, zinc and aluminum, with its real estate assets domiciled in the Tokyo Stock Exchange REIT Index.
Dar Al Istithmar’s Fatwa and Shariah supervisory board will oversee the note’s Shariah compliance. |
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