DIB offers Sharia water note


Dubai Islamic Bank (DIB) has launched a four-year, sharia-compliant, principal-protected water note that offers participation in a basket of 10 stocks linked to the water industry, including activities such as purification, desalination and waste management.

The note, structured in partnership with ABN Amro, offers capital protection and a minimum guaranteed annual return of 2%. The annual maximum potential return is 11%. The Fatwa and Sharia Supervisory Board of DIB will oversee sharia compl

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