DIB launches three-year Islamic Certificate with 90% capital return after five days

Press release
Published May 31st, 2011 - 10:02 GMT
Adnan Chilwan, Deputy CEO, Chief of Consumer & Wholesale Banking, DIB
Adnan Chilwan, Deputy CEO, Chief of Consumer & Wholesale Banking, DIB

Dubai Islamic Bank (DIB) announced today the launch of a three-year Islamic Certificate linked to the Deutsche Bank Liquid Commodities (DBLCI) Apex Index. The Sharia compliant Certificate offers investors an opportunity to invest in commodity markets while benefiting from diversification across investment strategies. 

The DBLCI Apex Index aims to generate superior results in all economic cycles by investing in a risk-weighted basket of three underlying commodities indices (DBLCI Mean Reversion Enhanced Index, the DB Commodity Harvest Index and the DBLCI Momentum Index.) Historically, the three underlying indices have exhibited low correlation to each other, enabling the DBLCI Apex Index to generate potentially higher returns in all economic cycles. 

The product is structured to return 90 per cent of invested capital to customers five business days after the issue date of the Certificate. Furthermore, there will be potential profit distribution after one, two and three years based on the performance of the DBLCI Apex Index. Profit distribution will be calculated on the initial invested amount. 

Dr. Adnan Chilwan, Deputy CEO - Chief of Consumer and Wholesale Banking, DIB, said:  “We are delighted to launch this Islamic Certificate to customers in the UAE. The product has a number of attractive features, not least the return of 90 per cent of capital invested five days after the Issue Date. By giving exposure to commodities markets, while benefiting from a diversified investment strategy, this Certificate is an excellent opportunity for investors to achieve stable returns with lower volatility.” 

The US dollar-denominated Certificate, which is distributed by DIB and issued by Al Mi’yar Capital S.A, is available from DIB with a minimum investment of $25,000.

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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