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The healthcare sector has become, the most crucial sector in the economies around the world since COVID-19 pandemic hit globally. Investors and financial institutions have been loosing no time to invest in the healthcare industry. The Islamic finance industry is no exception in extending aid to the healthcare industry especially during the times of significant trial.
The Sharia-compliant equities basket note by the Abu Dhabi Islamic Bank invests in some of the biggest healthcare entities for provision.
The healthcare sector looks like continuing its strong run into this year – the Abu Dhabi Islamic Bank (ADIB) definitely reckons this to be the case by launching a new healthcare-focused equities basket note. The structured note provides 95 percent capital protection while offering no cap on the potential return. It matures in 12 months.
Saif Alkeem, Head of Wealth Management & Priority Banking at ADIB, said: “Healthcare is one of the sectors that has seen strong investor interest during this pandemic induced era. The launch of this new Sharia-compliant healthcare equity basket note provides exposure to leading international healthcare companies primed to capitalize on such trends in a post-COVID-19 world.”
