London-based QIB UK, a subsidiary of Qatar Islamic Bank, has closed its seventh Islamic capital-protected note with plans to roll out similar products every year, its head of asset management said.
QIB UK has now raised over US$190m since it launched its “Hemaya” structured note programme in 2010, having raised US$153m through the first six tranches. “We are looking to launch several tranches every year,” Anouar Adham told Reuters. “The idea is to offer different vehicles to [investors with] different risk profiles to match their requirements.”……………………………………….Full Article: Source