ADIB offers low-risk investment in fast growing smartphone industry | ADIB offers low-risk investment in fast growing smartphone industry -
Abu Dhabi Islamic Bank

ADIB offers low-risk investment in fast growing smartphone industry

: Monday, March 10 - 2014 @ 12:54

Abu Dhabi Islamic Bank (ADIB) is offering the opportunity to make a low-risk investment in one of the fastest growing industries in the world — smartphone manufacturing.

As part of its growing wealth management offering, ADIB is launching an investment note that guarantees that 100 percent of the invested capital is returned to the investor.

The capital-protected note matures in 18 months, and offers the opportunity to profit from the expected growth of the leading smartphone manufacturers in the world including Apple Inc, Lenovo Group Ltd, LG Electronics and Samsung Electronics.

The rapid increase in demand for wireless data is driving demand for smartphones and tablets. Global smartphone sales surpassed 1 billion units for the first time in 2013, and are forecasted to rise around 20 percent this year, according to Consultants International Data Corporation.

In the current environment and at a time of heightened volatility in global markets, ADIB’s capital protected notes provide a very low risk investment while also offering healthy returns. ADIB is enhancing its wealth management offering, with products that respond to its clients investment needs, as well as offering valued advice on asset allocation.

ADIB’s structured notes have been well received by investors. A capital-protected gold note that matured last year produced a total return of 15 percent, while the structured note that invested in oil produced a total return of 18 percent last year. ADIB also recently launched a capital-protected note that allows customers to invest in the world’s biggest car manufacturers.

This latest offering is part of ADIB’s wealth management approach to provide customers a diversified suite of investment solutions. The strategy involves developing and delivering best-in-class investment solutions tailored to meet the financial needs of customers through effective financial planning and asset allocation.

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Monday, March 10- 2014 @ 12:54 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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