DOHA: QIB – the benchmark Islamic bank in Qatar – has announced the launch of new issue of “Hemaya” investment product series called “Masaref” that is linked to the performance of some of the leading Islamic banks in the region.
“Masaref” is QIB’s answer to investors who are seeking a ‘safe haven’ and potentially higher rates of return for their capital. QIB has stepped up to the plate with this new issue aiming to provide both positives of safety and return on investment by harnessing the impressive growth of Islamic banking in the region.
“Masaref” is a three-year Shariah-compliant investment that offers invested capital protection at maturity, and the potential to extract positive returns from the performance of a reference equity ‘basket’ composed of five regional leading Islamic banks hand-picked by QIB market analysts from the markets of Qatar and neighbouring Saudi Arabia: QIB and Masraf Al Rayan from Qatar, and Al Rajhi Bank, Alinma Bank and Bank Al Jazira from KSA. The subscription ends on October 25, 2012, and will mature three years later.