Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) launched on Wednesday a capital-protected, Sharia-compliant equities basket note with a 12-month maturity aimed at identifying the growth potential of companies operating in the cybersecurity sector.
Investors can subscribe in the new note until 24 March 2018 with a minimum investment requirement of $30,000, the Abu Dhabi-listed bank said in a statement.
“Customers will have the option to redeem the investment after a three-month lock-in period on a monthly basis,” the bank revealed.
The note gives the opportunity for investment in an equity basket of global cybersecurity companies including Imperva, Splunk, Proofpoint and Palo Alto Networks.
“We continue to see strong demand for our equity structured notes as they offer compelling returns by capturing the growth potential of exciting companies operating in dynamic sectors,” head of wealth management and priority banking at ADIB Saif Alkeem commented.
