Published: May 24, 2010
Islamic bank provides two-year investment through RBS.
Dubai Islamic Bank (DIB), the largest shariah bank in the UAE, is to launch a two-year Islamic Certificate.
This US dollar-denominated certificate is issued by the Royal Bank of Scotland, and is available for subscription from DIB until June 10. The minimum investment is US$25,000.
The certificate is to be distributed by DIB’s wealth management division and is linked to the shariah-compliant RBS Crescent Dynamic Middle East 2 Strategy, which offers investors exposure to regional equity markets while limiting losses in periods of falling markets and high volatility.
The strategy is structured to return 88% of the invested capital to customers after two months, while returns are calculated on 100% of the amount invested for the two-year investment period.