Two Qatari issuers are offering new capital-protected products for individuals.
Al khaliji has launched its first structured product within its Wealth Management range for local investors. The one-year deposit pays a minimum 4% at maturity plus a potential additional return depending on the performance of the gold price, subject to an overall cap of 13%.
"This is a true market-leading product designed to appeal to a wide range of investors looking for a very attractive return with no risk, affirming Al khaliji's promise to deliver next generation banking to its customers," said Al khaliji's acting head of consumer banking, Andrew Ball.
Al khaliji, which was formed in 2007, says the product is the first of its kind in Qatar. The product will be open until 1 November and the minimum investment is QAR100,000 ($27,479).
Meanwhile, the emirate's oldest commercial bank, Qatar National Bank, is offering its first capital-protected note.
QNB Note 1 is a two-year volatility-adjusted note linked to a basket of Qatar-listed securities. Target volatility will be 20% and basket performance will be average quarterly.
"Capital-protected notes are highly sought medium-term investments which protect 100% of investors' capital. QNB Note 1 is designed to suit investors looking to participate in stocks of Qatar Exchange with no risk to their initial capital," said the bank.
The product, which is issued by the QNB Group's Swiss subsidiary, QNB Banque Privée Suisse, will be open until 15 November.