Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) has launched a second Shariah compliant investment structured note for the year, according to the bank’s press release.
The note 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 22 October with a minimum investment requirement of $30,000.
Customers will have the option to redeem the investment after a three-month lock-in period.
“ADIB offers a wide variety of wealth management products and solutions to suit their specific investment strategy,” said Daffer Luqman, Global Head of Liabilities and Wealth Management at ADIB.
The note offers investors the opportunity to invest in an equity basket of international brands including Allergan, Cerner, Merck & Co., KDDI, and Philips, the bank indicated.
Last month, ADIB launched an investment note linked to a basket of blue chip companies from diversified sectors with a special focus on retail.
