Abu Dhabi Islamic Bank, a top-tier Islamic financial services group, today announced the launch of its 100% capital protected ‘ADIB Diversified Basket Note’ that provides an opportunity to small or large investors to profit from the anticipated strengthening of prices of eight leading commodities. The note offers an investment plan of three years in the equally weighted commodities of gold, oil, lead, nickel, aluminum, cotton, corn and sugar.

The Shari’a-compliant and Murabaha based ADIB Diversified Basket Note allows investors to lower their portfolio risk through diversifying into leading commodities and profit from their expected strength. Subscription will be on a first come first served basis and is open from September 10th 2011 until October 13th 2011, with the minimum subscription amount being only US$ 30,000.

The investor’s capital is protected 100% in case of negative performance of the commodities. The investment is non-transferable but liquidity is available after an initial one year lock in period.

Tirad Mahmoud, CEO, ADIB said: “Commodities are expected to strengthen further. We are coming to the market with a well timed and safe investment opportunity that is expected to be well received by investors. The fact that we are offering 100% capital protection indicates the confidence in commodities performance over the next three years”.

ADIB advises that Investment should be made of amounts that investors are absolutely certain they will not need until maturity date as capital protection is applicable only then.
 

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