Dubai Islamic Bank launches Al Islami Aurum+ 1 Dirham Certificate

Developed by the Royal Bank of Scotland (RBS), the Al Islami Aurum+ 1 Dirham Certificate attempts to generate returns in any market environment by taking exposure and switching between oil and gold. The underlying allocation strategy of this certificate is based on an approach that allocates between gold as a "safe-haven asset" and oil as an "aggressive asset," as a function of market trends identified by the gold-oil ratio.

"Based on a dynamic strategy of switching between two of the most sought after commodities, oil and gold, the Al Islami Aurum+ 1 Dirham Certificate is an excellent opportunity which aims to generate returns in any market environment," said Dr. Adnan Chilwan, Deputy Chief Executive Officer of DIB. "Investors who understand the interplay between gold and oil in times of financial turmoil or relative stability will appreciate this certificate, especially more so due to the high level of capital protection. We are happy to offer this unique Sharia-compliant investment product to our valued clients - the latest in a long line of first-to-market innovations available at Dubai Islamic Bank."

Gold, or aurum in Latin, has long been considered an ideal investment in times of uncertainty. Meanwhile, during periods of economic stability and sustained growth, demand for crude oil typically increases, from both emerging and developed economies, leading to upward pressure on the price. Through the Al Islami Aurum+ 1 Dirham Certificate, DIB is providing an unparalleled opportunity for investors to invest simultaneously and strategically in both commodities.

Investors will also enjoy a high level of capital protection, with no requirement to commit their capital for the entire investment period. Investors will receive 90% of their total investment three business days from the issue date of the certificate - with returns based on 110% of the full investment amount.