Abu Dhabi Islamic Bank (ADIB) said it has successfully launched a 100 per cent capital protected smart and green energy equities basket note to capture an increasing global focus on renewable energy.

The investment note, which matures in 12 months, is open for subscription until July 28, with a 31 per cent participation rate in the upside positive performance.

Saif Al Keem, Head of Wealth Management & Priority Banking at ADIB, said: “This new note from ADIB focuses on equities that are driving investments in clean technology and manufacturing smart energy on a global scale. With the uncertainty in the oil and gas sector, governments around the world have been prioritising the development of local green energy sources. We see growing demand for solutions which can capture and store energy generated from wind and solar, which provides significant opportunities for the manufacturers of efficient battery technology.”