The wealth management division of Dubai Islamic Bank has launched an innovative new Islamic investment product, a Shariah compliant 3-year c...

The wealth management division of Dubai Islamic Bank has launched an innovative new Islamic investment product, a Shariah compliant 3-year capital protected DFM (Dubai Financial Market) note. The note will have a minimum investment of $10,000 and will offer investors protection on their capital while participating in a diversified basket of the most actively traded stocks on the Dubai Financial Market. The maximum potential return on the note, which will be open until 30 November, is 12 per cent per annum, according to DIB. "We feel that this product has all the features our investment clients are looking for: short investment tenor, capital protection with the potential of maximum returns of 12 per cent per annum, and a partner in DIB who can protect as well as smartly invest," said Naveed Ahmad, head of investments – wealth management, for Dubai Islamic Bank.