Dubai Islamic Bank offers sharia water note


Dubai Islamic Bank (DIB) has launched a four-year sharia-compliant Principal Protected Water Note, which 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 upon maturity 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

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