Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) has launched a 100% capital protected cloud technology equities basket note to capture the growth in the cloud computing industry.
With a 12-month maturity, the new note offers a 100% capital protection at maturity to minimise investment risk,” according to a company statement released on Monday.
“Cloud technology plays a fundamental role in the global economy and nearly all companies today rely on services provided by cloud companies,” head of wealth management & priority banking at ADIB Saif Alkeem commented.
The note will be opened for subscription until 23 June 2018 and will enable clients to invest in an equity basket of leading global IT companies, including Amazon, Microsoft, SAP, Red Hat, Oracle Corporation, and Salesforce, ADIB revealed.
“This underlying basket consists of innovative companies that are either dominating or creating an impact in the cloud industry. Through this investment note, ADIB is providing a unique opportunity to tap this growth, while offering the peace of mind of full capital protection,” Alkeem said.
