DIB offers sharia-compliant water note
Dubai Islamic Bank (DIB) has launched a four-year sharia-compliant Principal Protected Water Note, which offers participation in a basket of 10 stocks linked to the water industry, including activities such as purification, desalination and waste management.
The note, structured in partnership with ABN Amro, offers capital protection upon maturity. The note offers a minimum guaranteed annual return of 2% and the maximum potential annual return is 11%.
The Fatwa and Sharia Supervisory Board of DIB will oversee sharia compliance. The minimum investment of the note is US$10,000.
DIB's four-year Principal Protected Water Note is a socially responsible investment (SRI), which combines the intention to maximise both financial return and social good. SRI
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