UAE: Dubai Islamic Bank (DIB) has launched its Al Islami Aquantum Dirham Certificate, a two-year, UAE dirham-denominated Islamic certificate.
The certificate offers investors exposure to a diversified portfolio of 12 commodity markets including energy, agriculture and livestock.
According to Dr Adnan Chilwan, the deputy CEO and head of consumer and wholesale banking at DIB, the certificate is structured to return 90% in two days after its issue date. The certificates will be issued by The Royal Bank of Scotland and are solely distributed by DIB in the UAE.