Dubai Bank launches Al Muhafez

Dubai Bank has launched Al Muhafez, a Shari'a compliant principal protected certificate linked to a basket of Shari'a compliant UAE stocks to local investors. Al Muhafez 100 will have an investment term of five years, with 100% capital protection, and Al Muhafez 80, will have a two and a half year maturity with 80% principal protection.The minimum guaranteed level is equal to the greater of the protected amount or 80% of the highest net asset value of the investment ever recorded over the term