www.gulf-times.com - Barwa
Bank is offering a “unique” Shariah-compliant three-year capital
protected notes linked to the Turkey and Indonesia equity markets until
June 21.
“The Turkey Indonesia Equity Capital Protected Note is an investment
opportunity for investors seeking potentially higher returns with 100%
capital protection.
The growth is based on the performance of a selected basket of stocks in two high growth emerging markets- Indonesia and Turkey. (source)
The investor will receive at maturity, 100% of his/her initial
investment plus an indicative 80% of the positive performance
(semi-annual average) of the underlying basket of stocks,” Barwa Bank
said.
The minimum investment required is $25,000. The Turkey Indonesia Equity
Capital Protected Notes are issued by Morgan Stanley Islamic Finance
Limited.
The note is a fixed term investment, so the investor should be prepared to hold their investment for the full three year term.
The offer may close earlier (than June 21) if oversubscribed, the bank said.
Applications for the capital protected notes can be obtained at any Barwa Bank branch in the country.
Barwa Bank head (private banking) Aicha Meddah said: “This is a great
opportunity to invest in the growth of two rapidly growing markets –
Turkey and Indonesia, while receiving 100% capital protection over the
next three years, a continuing priority for many investors.
“A key advantage compared to other capital protected products is the
volatility controlled strategy and the provision for periodic
re-balancing.”
Barwa Bank head (Retail) Hussain al-Abdullah said, “The Turkey Indonesia
note reflects Barwa Bank’s strategy of providing customer driven wealth
management solutions.
“Together with this investment opportunity and other initiatives, we are
presenting wide a range of banking and investment products that meet
our customers’ financial needs in accordance with Shariah.”
Source: http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=509654&version=1&template_id=48&parent_id=28 - June 3, 2012
