DIB gives investors opportunity to capitalise on Commodity Market movements with launch of Al Islami Aquantum Dirham Certificate

Press release
Published April 25th, 2012 - 07:45 GMT
Dr. Adnan Chilwan, Deputy CEO - Chief of Consumer & Wholesale Banking, DIB
Dr. Adnan Chilwan, Deputy CEO - Chief of Consumer & Wholesale Banking, DIB

Dubai Islamic Bank (DIB) announced today the launch of the Al Islami Aquantum Dirham Certificate, a two-year Islamic certificate which enables investors to capitalise on Commodity Market movements without tying up all of their capital.

The Al Islami Aquantum Dirham Certificate offers exposure to a diversified portfolio of 12 highly liquid and tradable commodity markets, including energy, agriculture and livestock. The Core Index systematically takes long and short positions in selected commodity futures contracts, with the objective of profiting from relative changes between the prices of futures contracts with different maturities for the same underlying commodity.

Investors enjoy a high level of capital protection without the requirement to tie-up all their capital for the whole investment period. Investors receive 90% of their total investment within two business days from the issue date, with profit distributed at maturity based on the performance of the Index. The Certificate is denominated in UAE dirhams with a minimum investment of AED 100,000.

“In today’s challenging economic climate, the Al Islami Aquantum Dirham Certificate stands out as it returns 90% of the investment in two working days from the issue date, while earning returns on 100% of the invested amount,” said Dr. Adnan Chilwan, Deputy CEO - Chief of Consumer & Wholesale Banking, DIB. “The Certificate gives medium term investors the opportunity to gain exposure to a wide range of commodities, in a Sharia compliant manner and without locking up their capital”

The Al Islami Aquantum Dirham Certificate is issued by The Royal Bank of Scotland (RBS) and will be solely distributed by DIB in the UAE

The certificate has been approved by the Fatwa and Sharia Supervisory Board of Dubai Islamic Bank. 

Background Information

Dubai Islamic Bank

Since its formation in 1975 as the world’s first full-service Islamic bank, Dubai Islamic Bank has established itself as the undisputed leader in its field, setting the standards for others to follow as the trend towards Islamic banking gathers momentum in the Arab world and internationally.

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