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Dubai: Dubai Islamic Bank on Tuesday announced 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 euros, 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.
Long-term provision
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."
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