Abu Dhabi Islamic Bank (ADIB) has launched a 100% capital protected smart and green energy equities basket note to capitalise on the global interest in renewable energy.
With a 12-month maturity, the new investment note is open for subscription until 28 July, according to a bank statement.
“With the uncertainty in the oil and gas sector, governments around the world have been prioritising the development of local green energy sources,” head of wealth management and priority banking at ADIB Saif Alkeem commented.
By holding the ADIB’s new note, clients will have the opportunity to invest in an equity basket of global companies including Toray Industries, Schneider Electric, Siemens AG, ABB, and Albemarle Corp, the Abu Dhabi-listed bank revealed.
“We see growing demand for solutions which can capture and store energy generated from wind and solar, which provides significant opportunities for the manufacturers of efficient battery technology. This note offers a full capital protection providing customers with peace of mind,” Alkeem said.