Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) on Tuesday announced launching the second tranche of the popular Equity Basket Note 3 investment note linked to a basket of global blue chip stocks.

The Sharia-compliant note will mature in 12 months and provides 100% protection at maturity to minimise investment risk, the Abu Dhabi-based bank said in a statement.

“The note is currently open for subscription until 23 April 2017 with a minimum investment of $30,000,” ADIB highlighted.

The new note offers investors the opportunity to invest in a basket of international companies, including Allergan, Cerner, KDDI, Merck & Co, and Koninklijke Philips, the bank said, adding that the maturity date for the note is 4 April 2018.

“At ADIB, we always look to offer customers wealth-tailored management solutions and products that address their specific financial needs. The second tranche of the Equity Basket Note 3 provides customers with another chance to access a diverse range of leading international companies with strong upside potential over the medium-term at minimal risk,” said ADIB’s global head of liabilities and wealth management Daffer Luqman.

The first tranche of ADIB’s Equity Basket Note 3 was issued in January 2017, while its last three matured equity investment notes have yielded returns of 4.2%, 4.7%, and 6.1%, respectively.