Printer Friendly

Noor Islamic Bank launches structured investment products.

Noor Islamic Bank has launched two structured wealth management investment products, which offer clients an exposure to a diverse range of asset classes while minimising their risk through one structured deposit. The new products allow clients to invest in precious metals, currencies, equities, energy and agricultural commodities, with 100 per cent capital protection.

Hussain AlQemzi, Chief Executive Officer, Noor Investment Group and Chief Executive Officer, Noor Islamic Bank said, "We do not recognise that clients need to compromise on their investments because they want it to be Shari'ah-compliant. These two products fill a gap in the Shari'ah-compliant investment space and provide clients the opportunity to benefit from the upside Upside

The potential dollar amount by which the market or a stock could rise.

This is basically an educated guess on how high a stock could go in the near future.
See also: Bull, Downside
 of investment cycles."

The Hybrid Pick and Drop Structure is designed for conservative to moderate risk clients, who want exposure to diverse range of opportunities without risk to capital. Features of the product include:

100% capital protected three-year investment

Investment in diversified diversified (di·verˑ·s  asset classes

Best performing asset class is picked and dropped from further calculations every six months.

John Chang, Head of Retail Banking at Noor said, "The Hybrid Pick and Drop Structure is the perfect way for clients to invest in financial markets and participate in their growth, while having the security of 100 per cent capital protection. This unique product is a good tool for allowing clients to take advantage of investment cycles and opportunities. It demonstrates our ability to provide exceptional value to investors."

The GCC GCC: see Gulf Cooperation Council.

(compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc).
 Volatility Cap structure has been designed to appeal to both moderate and aggressive investment risk clients. It offers:

GCC market access without downside risk Downside Risk

An estimation of a security's potential to suffer a decline in price if the market conditions turn bad.

You can think of this as an estimate of the amount that you could lose on a stock or other investment.

A diversified portfolio of underlying stocks across different markets and sectors

Chang said, "This product is unique in the way that it tracks the volatility of the underlying equities basket. If the set benchmark is breached the exposure to equities is trimmed and moved to Murabaha equivalent investments. This is a very innovative way for our clients to invest in equities, with the added benefit of 100 per cent capital protection."

2012 CPI (1) (Characters Per Inch) The measurement of the density of characters per inch on tape or paper. A printer's CPI button switches character pitch.

(2) (Counts Per I
 Financial. All rights reserved.

Provided by an company
COPYRIGHT 2012 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

 Reader Opinion




Article Details
Printer friendly Cite/link Email Feedback
Publication:CPI Financial
Date:May 30, 2012
Previous Article:World Islamic Banking Conference: Asia to open 5 June.
Next Article:Dubai's Chamber of Commerce sees prices rising.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters