ABN launches Islamic agriculture certificate

The two-year 100% capital protected certificate is linked to a basket comprising 13 stocks from agricultural sectors including agro-chemistry, farming machines, crops and trading/cultivation. The issuer shall use proceeds from the issuance of the certificates to purchase the sharia-compliant securities which will be held in an equity portfolio which is held in a trust. The issuer then grants a unilateral promise (purchase undertaking) to buy pro-rata shares of the equities portfolio from the

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