Launch of Hemaya Structured Note

 

7 May 2010
Source : EFH

European Finance House Limited ("EFH"), and its parent Qatar Islamic Bank ("QIB"), are pleased to announce the Hemaya Structured Note launched on the 14th March 2010 in Doha, Qatar.

Hemaya is the first Shari'a compliant structured note to be launched in Qatar. Its performance will be linked to an underlying basket of carefully selected equities listed on the Qatar Stock Exchange.

A truly innovative product for Qatar's Islamic banking space, Hemaya offers 100% protection on capital invested. The note will run for two years, with an indicative profit rate of 10% return per annum.

EFH is the structurer, calculation agent and administrator of the structured note and QIB is the main distributor in Qatar. The note is open to global institutional investors and high net worth individuals and is governed by English law. Subscriptions will close on the 30th April 2010.

Anouar Adham, Head of Asset Management - Sales & Product Development at EFH, commented:

"We are proud to bring this innovative product to the market. The launch of Hemaya further anchors the QIB Group's reputation as a pioneer in the field of Islamic banking and finance. The structured note will offer investors the chance to participate in one of the Gulf's most vibrant stock markets, safe in the knowledge that the note is Shari'a compliant. This instrument is ideal for Islamic investors looking to protect and grow their wealth, and builds on EFH's earlier successful launch of its Global Sukuk Plus Fund."

For further information, please contact the EFH Asset Management Team.

invest@europeanfh.com