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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

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