Dubai Islamic Bank launches two innovative new resources products

Dubai Islamic Bank (DIB) announced today the simultaneous launch of two innovative investment products linked to the fast-growing alternative energy sector.

Launched by DIB's Wealth Management Division, both products are linked to the DWS New Resources Fund, which targets companies active in water, agrochemicals and renewable energies.

The two products are a 10-year non-capital-protected certificate and a five-year capital-protected note. Both products, which are priced in euros with a minimum investment of €10,000, are structured with and issued by Deutsche Bank, and offer biweekly redemption.

These products are the first of their kind in the region, reinforcing DIB's commitment to innovation and socially responsible investment. More specifically, the products give exposure to basic resources, which are coming under increasing strain as the world's population, and therefore consumption, continues to grow rapidly.

For example, demand for potable water is expected to triple over the next 30 years. Similarly, the need for alternative energy sources continues to grow as the supply of fossil fuels fails to keep pace with worldwide demand.

Finally, in an era of rapid population growth and diminishing acreage devoted to farmland, new investment in agrochemicals is vital to ensuring the long-term provision of a wide range of agricultural commodities.

'There is no question that, over the coming decades, the world will change dramatically. How we manage this change will determine the quality of life our children and grandchildren inherit,' said Naveed Ahmad, Head of Investments - Wealth Management, DIB.

'The products, linked to the DWS New Resources Fund, represent a significant opportunity for investors to participate in shaping the future.

'By investing in a range of high-growth industries directly tied to the provision of new and renewable resources, our clients are able to demonstrate their personal commitment to socially responsible investment. At the same time, they can achieve strong returns with a diversified portfolio that is balanced across sectors and geographies.'

'DIB's Wealth Management Division is delighted to mark the start of another year devoted to innovative investment opportunities by launching these two extremely compelling products,' he added. 'Working with our partners at Deutsche Bank, these products have been structured to balance risk across a range of high-growth sectors. We are confident that our clients in the region will seize upon this opportunity to do well - and do good.'

'We are delighted to once again partner with Dubai Islamic Bank and offer innovative investment products to investors in the Middle East. The two new products are benchmarked to the DWS New Resources Fund and have been structured with and without capital protection - to address investors with different risk appetites,' said Magdalena Saine, Head of Equity Derivatives Sales in the Global Markets Group at Deutsche Bank.

'DWS Investments continues to focus on offering innovative investment opportunities for investors across the region,' said Tarek Lotfy, Head of Sales, Deutsche Asset Management, Middle East and North Africa. 'We believe that the shift away from a carbon-based economy is a mega-trend as consumers, investors and companies in all sectors are responding to the challenge of climate change, creating new markets, products and services that represent significant business opportunities.'