Tuesday 19, September 2017 by Georgina Enzer

ADIB launches index weighted Equities Basket Note to capture surging demand for self-driving cars

Abu Dhabi Islamic Bank (ADIB), has launched an ‘Advanced & Autonomous Car’ index-weighted Equities Basket Note, designed to capture the investment opportunity provided by technological disruption to the car industry and growing demand for self-driving cars.

The Shari'ah-compliant note matures in one year and provides 100 per cent capital protection at maturity to minimise any investment risk.

The product provides investors with exposure to an index-weighted basket of nine leading international companies operating across the car industry and which are pioneering the next generation of vehicles, including General Motors, BMW, Volvo and Tesla. The minimum investment for the note, which has a maturity date of 24 September, 2018, is $30,000.

“ADIB’s Shari'ah-compliant index-weighted equity basket notes continue to see strong demand from investors who appreciate the opportunity to achieve strong returns with no risk to their capital. Technology is transforming the car industry as electric and innovative self-driving vehicles become increasingly sophisticated and common on our roads. This note provides investors with exposure to car manufacturers at the cutting-edge of developing and selling the next generation of autonomous vehicle. Launching such exciting investment products is aligned to our strategy of allowing clients to build a diversified portfolio which matches their financial goals,” said Daffer Luqman, Global Head of Liabilities and Wealth Management at ADIB.

ADIB continues to develop and deliver best-in-class solutions tailored to meet the financial needs of customers through effective financial planning and asset allocation.

The nine car manufacturers included within the equity basket note are: Tesla, General Motors, Daimler, Delphi Automotive, SAP, BMW, Volkswagen, Volvo and Autoliv.

Features & Analyses

SME Finance Risk Management

  Business risks exist everywhere but early implementation of a proper management system can mitigate them once they occur, or… read more