Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) on Sunday announced that it has launched a 100% capital-protected equities basket note in companies with a superior work environment.
The basket note aims to capture the outperformance of companies that have a motivated and productive workforce.
“The note provides clients with the opportunity to invest in an equity basket of leading global employers that offer a good work environment for their staff,” ADIB highlighted in its statement.
Due to mature in 12 months, the investment note provides 100% capital protection at maturity to remove any financial risk to clients.
The note will be opened for subscription until 23 March, with no cap on the potential return, with a minimum subscription of $30,000, ADIB revealed, noting that customers of the leading financial institution will have the option to redeem the investment after a three-month lock-in period on a monthly basis.
“The underlying basket consists of innovative companies that truly value their employees and offer some of the more desirable workplaces around the world,” ADIB's head of wealth management and priority banking Saif Alkeem said.
He added that the bank was providing a unique opportunity to tap the value offered by such companies through this investment note.
“The companies in ADIB’s equity basket have proven past performance of exceptional employee satisfaction over the last decade,” the statement added.
By 01:03 pm UAE time, ADIB’s stock rose 0.89% at AED 4.50.
