Shamil Bank: delivering diversity

Shamil Bank in Bahrain wants to spread the word that structured products can fulfil a range of investor needs. The bank's strategy is to offer access to a variety of asset classes other than domestic equities. Amanda Lee reports

Following the launch of its first sharia-compliant principal-protected note in 2005, Bahrain-based Shamil Bank is currently offering retail investors a second sharia-compliant product, the 100% capital-protected Navigator Modaraba.

Muhammad Wasif Ijlal, senior manager at the investment banking arm of Shamil Bank, says retail investors in the Gulf Cooperation Council (GCC) region are looking to gain exposure to different asset classes in the wake of heavy losses in the overheated GCC equity

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