Abu Dhabi, 12 January 2012: As part of Abu Dhabi Islamic Bank's (ADIB) customer-centric strategy to present customized and targeted products and services, the bank today announced the launch of its Capital Protected Gold Notes that can be combined with a selection of mutual funds.

Depending on the risk tolerance and profile of investors, they can choose one of three investment options. The 80% Capital Protected Gold Note, the 98% Capital Protected Gold Note or the combination of the 98% Gold Note with selected mutual funds. Investors have the option of investing in whichever note best suits their risk tolerance and investment objectives.

Stuart Crocker, Global Head of Private Banking Group - ADIB, said "Our customers have expressed ongoing interest in gold. However, given its already impressive run, we wanted to give our customers capital protection with multiple risk-reward options."

ADIB Capital Protected Gold Notes have a maturity period of one year. As the underlying asset for the note is gold, it is expected to provide a stable return in uncertain economic conditions. The minimum investment for the gold note and mutual fund combination option is US$25,000 in the ADIB Capital Protected Gold Note, plus US$5,000 in the mutual fund. If the ADIB Capital Protected Gold Note is chosen as a standalone option, then the minimum investment is US$30,000.

Subscription for the Shari'a-compliant and Murabaha based ADIB Capital Protected Gold Notes will be on a first come first served basis and will remain open until January 26th 2012.

ADIB advises that its Capital Protected Gold Notes should comprise no more than 5% - 10% of an investment portfolio. Investment should be made of amounts that investors are absolutely certain they will not need until maturity date as capital protection is applicable only then. The investment is neither non-transferable nor can be redeemed early.

-Ends-

About ADIB:
Abu Dhabi Islamic Bank (ADIB) was established on 20th May 1997 as a Public Joint Stock Company following the Emiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11th November 1998, and was formally inaugurated by His Highness Sheikh Abdullah Bin Zayed Al Nahyan, on 18th April 1999.

ADIB's vision is to be a top-tier, global Islamic financial services group and its mission is to provide Islamic financial solutions to the global community.

The Bank carries out all contracts, operations and transactions in accordance with Islamic Shari'a principles.

ADIB's core values, reflected in all its activities are: Simple and Sensible; Transparent; Mutual Benefit; Hospitality and Tolerance; and Shari'a inspired. It brings to its customers banking as it should be.

ADIB - Awards:

  • ADIB was named the "Best Overall Bank in the UAE in customer service" for 2011 by Ethos Consultancy

  • ADIB won the" Best Branch Award in the UAE" for 2011 by Ethos Consultancy

  • ADIB was named the "Best Islamic Bank in the UAE" for 2011  by Global Finance Magazine

  • ADIB was named Best Islamic Bank by Business Banking and Finance Magazine

  • ADIB won Best Corporate Bank by Business Banking and Finance Magazine

  • ADIB was named "The Best Islamic Bank" in the Middle East region for the second year running at the Banker Middle East Industry Awards 2011.

  • ADIB was nominated as "Fastest Growing Bank in the UAE" by the awards jury at the Banker Middle East Industry Awards 2011.

  • ADIB was named "The Best Islamic Bank in the region" in the Middle East at the Banker Middle East Industry Awards 2010

  • ADIB won the "Best Islamic Bank in the region" at the 2010 Islamic Banking and Finance Awards organized by CPI Financial.

  • ADIB was named "Best Islamic Bank in the UAE" at the Islamic Finance News Awards 2010.

  • ADIB won the best Islamic bank in the UAE by EMEA Finance.

  • ADIB won the "Best UAE Deal" award at the Islamic Finance News Awards 2010.

  • ADIB also won the "HRD Award" from the Emirates Institute of Banking & Financial Studies.

  • ADIB's GHINA saving program won the "Best Savings Account Award" at the Banker Middle East Product Awards 2010.

  • ADIB won the "Best Private Sector Customer Service Team" award at the 2010 UAE Customer Service Week forum, held by The International Customer Service Institute UK.

  • ADIB won the "Most Improved Bank" in service excellence and got the top rank in "Call Centre Performance" in the 6th Annual Bank Benchmarking Index for service excellence by Ethos Consultancy.

  • ADIB also won the award for "Best Branding Category" at the 2010 Islamic Banking and Finance Awards organized by CPI Financial.

  • ADIB won the "Best SME Card" at the 4th Annual Banker Middle East Product Awards 2011.

  • ADIB won the "Best Ladies Banking Service" at the 4th Annual Banker Middle East Product Awards 2011.

    For media information, please visit www.adib.ae or contact:
    Lamia Hariz                                                                          
    Corporate Communications & Public Relations             
    Abu Dhabi Islamic Bank                                                      
    Mobile: +971 50 682 4207                                                               
    Email: lamia.hariz@adib.ae                                               

    Wasim Ben Khadra
    Manager
    Corporate Communications & Public Relations
    Abu Dhabi Islamic Bank
    Mobile: +971 50 612 8616
    Email: WasimBenkhadra@adib.ae

    Mohammad Z. Al-Qassem
    Associate Account Manager
    Corporate & Finance Practice
    Weber Shandwick | MENA
    Mobile: +971 50 288 9601
    Email: mohammad.alqassem@ws-mena.com

    • © Press Release 2012