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DIB launches new capital protected fund
DUBAI — Dubai Islamic Bank (DIB) has launched "Al Islami Capital Protected Note", an investment fund that will invest in the Sharia compliant equities in the US, European, and Japanese Stock Markets.
The fund has a 5-year maturity, and capital protection at maturity through Sharia compliant structure. For greater flexibility, investors can redeem their capital up to twice a month. Subscription to the fund will run from May 2 to May 30, 2006.
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