Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced today the launch of a two-year Islamic Certificate linked to the RBS Crescent Dynamic Middle East 2 Strategy. This US dollar-denominated certificate is issued by the Royal Bank of Scotland Group, and is available for subscription from Dubai Islamic Bank between May 22-June 10, 2010. The minimum investment is US$25,000.
This certificate offers investors ideal exposure to regional equity markets and is based on a dynamic strategy designed to capture returns in rising markets while limiting losses in periods of falling markets and high volatility. The strategy is structured to return 88 per cent of the invested capital to customers after two months, while returns are calculated on 100 per cent of the amount invested for the two-year investment period.
Distributed by DIB’s Wealth Management division, the fully Sharia-compliant RBS Crescent Dynamic Middle East 2 Strategy is designed to deliver a unique investment solution.
“On behalf of Dubai Islamic Bank, I am extremely pleased to announce the launch of this global investment opportunity, which combines a uniquely dynamic regional strategy backed by DIB’s distribution capacity and unmatched Sharia standards,” said Dr. Adnan Chilwan, Chief of Retail and Business Banking, DIB.
“Based on the RBS Crescent Dynamic Middle East 2 Strategy, this product aims to provide risk-managed exposure to regional equity markets,” he added. “By returning 88 per cent of capital and calculating the return on 100 per cent of the amount invested for the 2-year investment period, this certificate represents an excellent opportunity for investors here in the UAE and the region to gain exposure to the regional market, while minimising the potential downside risk and without locking away their capital.”
