DIB launches 4-year Islamic certificate
Dubai, October 17, 2011
Dubai Islamic Bank (DIB) has launched the Al Islami Emerging Cappuccino Certificate, a four-year Islamic certificate backed by sharia-compliant assets.
Providing exposure to four of the world’s most dynamic emerging markets, this certificate is linked to indices in Brazil, China, Singapore and Taiwan – offering medium to long-term investors a unique opportunity to profit from the future growth of these rapidly developing economies.
The Al Islami Emerging Cappuccino Certificate is issued by The Royal Bank of Scotland (RBS) and will be solely distributed by DIB in the UAE. The certificate offers annual profit distribution of up to 9 per cent, backed by 90 per cent capital protection at maturity. It is denominated in US dollars with a minimum investment of $25,000.
“We are extremely pleased to introduce, in partnership with RBS, the innovative Al Islami Emerging Cappuccino Certificate, which provides investors a great opportunity to profit from the equity markets of some of the fastest growing economies globally,” said Dr Adnan Chilwan, deputy CEO - chief of consumer and wholesale banking, Dubai Islamic Bank.
“During this period of ongoing volatility in international markets, especially in Europe, the appeal of investing in stable emerging markets that are positioned for strong long-term growth has never been greater,” he said. –Trade Arabia News Service