ADIB launches capital protected gold notes
Abu Dhabi, January 12, 2012
Abu Dhabi Islamic Bank (ADIB) today launched its capital protected gold notes that can be combined with a selection of mutual funds.
Depending on the risk tolerance and profile of investors, they can choose one of three investment options: The 80 per cent capital protected gold note; the 98 per cent capital protected gold note or a combination of the 98 per cent gold note with selected mutual funds, a statement said.
Stuart Crocker, global head of private banking group – ADIB, said: “Our customers have expressed ongoing interest in gold. However, given its already impressive run, we wanted to give our customers capital protection with multiple risk-reward options.”
ADIB Capital Protected Gold Notes have a maturity period of one year. As the underlying asset for the note is gold, it is expected to provide a stable return in uncertain economic conditions, the statement said. – TradeArabia News Service