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ABU DHABI / WAM
Abu Dhabi Islamic Bank (ADIB) announced the launch of a 100 percent capital protected cloud technology equities basket note, designed to capture the growth in the cloud computing industry.
The investment note matures in 12 months and provides 100 percent capital protection at maturity to minimise investment risk. The note opens for subscription until June 23, 2018, with a 30 percent participation rate in the upside positive performance. Customers will have the option to redeem the investment after a three-month lock-in period on a monthly basis.