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Dubai Islamic Bank launches 1-year Islamic Certificate
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07.14.2009 |
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Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has announced the launch of a one-year Islamic Certificate linked to the Crescent Commodity Twister Strategy developed by ABN AMRO Bank. This US dollar-denominated certificate, which offers investors ideal exposure to the global commodities market based on a dynamic strategy that has been designed to generate positive returns in both bull and bear-trending markets, seeks to generate 96 per cent capital protection upon maturity. This certificate is issued by ABN AMRO, which is 100% owned by the Royal Bank of Scotland Group, and is available for subscription from DIB from July 11-August 15, 2009. The minimum investment is $10,000.
Dr. Adnan Chilwan, Chief - Retail and Business Banking, DIB, said, "On behalf of DIB, I am extremely pleased to announce the launch of this globally best-in-class investment opportunity, which combines a uniquely dynamic worldwide strategy backed by DIB's regional distribution capacity and unmatched Sharia standards."
Distributed by DIB's Wealth Management division, this fully Sharia-compliant product aims to benefit from the trends of the Rogers International Commodity Index (RICI) Enhanced ex-Lean Hog Index, which tracks agriculture, energy, industrial and precious metals commodities.
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Source:www.gowealthy.com |
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