Abu Dhabi-Mubasher: Abu Dhabi Islamic Bank (ADIB) launched a new shariah compliant investment note, according to a statement.

The new offering will enable customers to invest in an equity basket of blue chip companies from a diversified basket of sectors.

The investment note matures in twelve months and provides 100% protection at maturity to minimize investment risk, the statement said, adding that the note is currently open for subscription until 25 August with a minimum investment of $30,000.

“For the first time, customers will be offered the redemption option after a three-month lock-in period,” the bank highlighted.