Thursday 17 January 2019

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


Tags: investment | mutual fund | ADIB | gold notes |

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