Deutsche Bank
Structured products are indispensable to Islamic finance, and Deutsche Bank has hung on grimly to its long-term advantage in this area. Clients for Deutsche Bank’s structured products transcend geographic and sectoral boundaries in the global Islamic finance industry.
Among Deutsche’s more innovative introductions in 2007 were the five-year capital protected notes linked in a Shariah-compliant manner to the Deutsche Bank-Goldman Sachs Asset Management ALPS hedge fund index and distributed by Dubai Islamic Bank.
Indeed, the firm claims to have launched a number of new Islamic instruments in 2007 in hedge funds and real estate, as elsewhere. "[Our] Islamic money market range (based on wa’d structure and as such offering daily liquidity and a much more efficient structure than commodity murabaha) proved highly successful with all major Islamic banks," the bank says.
"In hybrid products, our Shariah polar notes (multi-asset based, capital protected) and products with exposure to a best profile of assets saw widespread demand," it continues.
