Tuesday 04, April 2017 by William Mullally

ADIB launches second tranche of capital-protected equity investment note

ADIB's last three matured equity investment notes have yielded returns of 4.2 per cent, 4.7 per cent and 6.1 per cent.

 Abu Dhabi Islamic Bank (ADIB) has launched a second tranche of the popular Equity Basket Note 3 investment note linked to a basket of global blue-chip stocks. The Shari'ah-compliant note matures in 12 months and provides 100 per cent protection at maturity to minimise investment risk. The note is currently open for subscription until 23 April 2017 with a minimum investment of $30,000.

The product provides investors with the opportunity to invest in a basket of international companies, including Allergan, Cerner, KDDI, Merck & Co, Koninklijke Philips. Maturity date for the note is 4 April 2018.

Daffer Luqman, Global Head of Liabilities and Wealth Management at ADIB, said: “At ADIB, we always look to offer customers with wealth-tailored management solutions and products that address their specific financial needs. The second tranche of the Equity Basket Note 3 provides customers with another chance to access a diverse range of leading international companies with strong upside potential over the medium term at minimal risk.”

"As one of the UAE’s leading banks, ADIB continues to develop and deliver best-in-class solutions tailored to meet the financial needs of customers through effective financial planning and asset allocation. The first tranche of Equity Basket Note 3 was issued in January 2017. ADIB’s last three matured equity investment notes have yielded returns of 4.2 per cent, 4.7 per cent and 6.1 per cent, respectively," said a media statement.

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