Abu Dhabi Islamic Bank (ADIB) has launched the third tranche of its two-year capital-protected note linked to the price of oil, following the successful maturity of the first tranche which yielded 118% of initial capital.
The bank said that its structured products range forms part of a wealth management strategy designed to develop and deliver investment solutions tailored to meet the financial needs of customers through effective financial planning and asset allocation.
So far this year, ADIB has marketed a number of structured notes, third-party mutual funds, private placements, sukuk and other investment solutions.
The Shari'ah-compliant ADIB Oil Note III will be open for subscription until 9 September.