The Commercial Bank of Qatar has launched a seven-year, capital-guaranteed structured product denominated in dollars.
The Al Maha Note-III pays back 100% of capital at maturity, plus 100% of the growth of a portfolio of managed funds investing in shares and bonds. The product also pays a 2% coupon over the first two years. The product was structured as a Euro Medium Term Note by Ixis Asset Management. Minimum investment is $10,000, with a maximum of $3 million.