Abu Dhabi Islamic Bank has launched a new product that gives investors a chance to invest in major car manufacturers such as Toyota Motors, Hyundai, KIA Motors and BMW.
The capital-protected note matures in 18 months, provides 100 per cent capital protection at maturity to lessen risk and has an expected return of up to 10 per cent.
The note is open for subscription with a minimum amount of $30,000. The bank first launched a note targeting the automobile industry earlier this year.
The global car industry has performed well in 2013 and in 2014 to date due to recovering demand in Asia and the US.