ADIB launches capital protected oil note III

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, today announced the launch of the third version of its two-year, 100 per cent Capital Protected Oil Note on the back of the successful placement and excellent return that accrued from its first oil note. The Shari’a-compliant ADIB Oil Note III is open for subscription from end of July, 2012 until 9th September 2012. ADIB Oil Note III provides investors with an opportunity to invest in this commodity on a secured basis. As a benchmark, its predecessor, ADIB Oil Note I, earned investors almost 18 per cent over a 2 year period, which is significantly higher than other ‘risk free’ products currently in the market. This latest offering is part of ADIB’s wealth management approach to provide customers with a diversified suite of investment solutions. The strategy involves developing and delivering best in class investment solutions tailored to meet the financial needs of customers through effective financial planning and asset allocation. ADIB Oil Note III is part of the bank’s series of investment products that cater to diverse risk appetite and return expectations of its clients. This year alone, ADIB have launched various structured notes, 3rd Party Mutual Funds, Private Placements, Sukuks and the ADIB Select Savings Investment Plan. From:Khaleej Times