Al Khaliji launches new structured deposits
Doha, March 21, 2012
Al Khaliji Commercial Bank has launched three new structured deposits linked to different underlying investments.
The ‘Al Khaliji Global Government Bond Structured Deposit’, ‘Al Khaliji VC Commodity Autopilot Index Structured Deposit’, and ‘Al Khaliji Exotic Gold Structured Deposit’ all offer 100 per cent capital protection at maturity, and enable customers to benefit from any growth in the underlying investments.
“We have a proven record of providing investors with innovative investment products for their portfolios,” said Andrew Ball, group head of consumer banking, Al Khaliji. “At a time of highly volatile commodity and capital markets, clients are reluctant. However, our structured deposits provide confidence and security by guaranteeing at least 100 per cent of the capital back at maturity plus the performance generated by the underlying investment.”
“These products are especially geared towards our premium customers, and meet their requirements for innovative investment opportunities,” he said.
With investors a bit wary about putting money into long-term funds in this time of economic uncertainty, the bank’s structured deposits are devised to allay fears by providing relatively short-term maturity periods for the products – ranging from one year to three, said a statement.
“These products have been developed in partnership with world class banks that have strong track records in asset management,” said Arfat Qayyum, head of premium banking and product management.
“Our customers have come to trust us with their investment opportunities and we do extensive due diligence to ensure that we build on this trust. Of course, these products are offered with full transparency to the investor, in line with our stringent corporate governance policies,” he concluded. – TradeArabia News Service