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DIB, CLIP notes launched
- United Arab Emirates: Monday, September 11 - 2006 at 13:40
The Dubai Islamic Bank has launched shariah compliant three year commodity linked individually capped performance notes. The CLIP notes will be linked to a basket of commodities comprising gold, crude oil, copper, aluminium and zinc. The notes will offer customers a profit guarantee of 10% in the first year and maximum potential profit of 8% per annum in the second and third year; the minimum investment is $10,000.
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Jonathan Sheikh-Miller, Deputy EditorMonday, September 11 - 2006 at 13:40 UAE local time (GMT+4)
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This article was updated on Wed Oct 04 2006.
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