The Certificate brings to the market a specialised option for investors who are looking to add sharia-compliant products to build their investment portfolio.
The Al Mumtaz Certificate provides exposure to three sector indices; the ABN AMRO Shipping Index, the ABN AMRO BRIC Infrastructure Index and the ABN AMRO Climate Change & Environment Index.
The Certificate benefits from capital protection at maturity via a Shariah compliant methodology approved by the ABN AMRO Shariah Board.
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ABN AMRO launches Islamic investment product in the Middle East
- United Arab Emirates: Wednesday, January 09 - 2008 at 08:19
- PRESS RELEASE
ABN AMRO has taken a lead in bringing Islamic investment products to high net-worth individual investors in the Middle East by launching the Al Mumtaz Certificate this month.
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Press Enquiries:Nicole Hayde
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Netherlands-based ABN AMRO is a leading international bank with total assets of EUR 1,120.1 bln (as at 30 June 2007). It has more than 4,000 branches in 53 countries, and has a staff of more than 99,000 full-time equivalents worldwide. ABN AMRO was acquired by the Consortium of RBS, Fortis and Santander in October 2007 and its various businesses will be divided among the three banks.
ABN AMRO United Arab Emirates
ABN AMRO has been present in the United Arab Emirates since 1973, offering comprehensive financial services including: Consumer Banking, Business and Commercial Banking, Private Banking, and Corporate and Institutional Banking. With 1,500 staff, ABN AMRO operates in the United Arab Emirates with three branches in Dubai, Abu Dhabi and Sharjah, while also serving as the regional hub for the Middle East.
Posted by Anne-Birte Stensgaard, Senior News EditorWednesday, January 09 - 2008 at 08:19 UAE local time (GMT+4)
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