DIB launches sharia product

The note, which uses a sharia-compliant mechanism to achieve 100% capital protection, is linked to the performance of Deutsche Bank’s Alpha Pairs Sector Index, a long-short strategy index and offers a 140% participation rate. The product is aimed at retail and institutional investors.

“The product was launched in response to the recent decline in US interest rates and growing volatility in the global markets,” says Naveed Ahmed, head of investments for wealth management at DIB.

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