Mashreq launches a new exciting investment solution to earn higher interest rates

Dubai - UAE 28th January 2015: Mashreq, the UAE's leading financial institution, has announced the launch of its 'Dual Currency Product', a 'structured deposit' designed to provide higher interest rate compared to a 'fixed deposit'. Indeed, in comparison to a traditional 'fixed deposit', a 'structured deposit' gives investors a higher interest rate, because it allows two income streams: interest income plus an option premium.

Specifically, Mashreq's 'Dual Currency Product' is a short-term, currency related investment product which involves a currency option. This means that on maturity, the bank is given the right to repay the client's principal and interest earned in either the base currency or the alternate currency. The product is suitable for sophisticated customers and offered in the following major currencies: USD, EUR, GBP, AUD and XAU.

Tooran Asif, Head of Personal Banking at Mashreq commented, "Mashreq has always been at the forefront of product innovation, and has continually worked towards offering the finest opportunities and products to its clients. Therefore, we are delighted to be launching the 'Dual Currency Product', through which our customers will be able to invest and earn higher interest. The 24X7 treasury desk will assist booking over the phone. The launch confirms that Mashreq continues to present its customers with such value added services and evolve its products to be in line with new developments."

Designed for both savers and investors, the Dual Currency Product is ideal for customers who do not want to lock their funds for a very long time as the product offers a fixed tenor of 1 month, and thus they are able to maintain their liquidity.

What really makes this solution unique is that Mashreq's Dual Currency Product is tailored made to suit each individual views and needs. Particularly, it is ideal for individuals who have a natural need for both currencies and are therefore indifferent to holding any of the two currencies. Importantly, subscribers to this product can also expect to benefit from higher interest rates even if they are holding a currency that is expected to weaken.

Among other benefits, the Dual Currency Product helps individuals diversify across currencies and, above all, offers customers the exciting opportunity to be a part of the FX markets.

To find out about how to apply to Dual Currency Product and for more information, visit www.mashreqgold.com/uae/en/investments/investmentopputunities2/dual-currency-product.aspx

About Mashreq:
Mashreq is one of the UAE's leading National Financial institutions and the second oldest. Founded in 1967 as Bank of Oman, the bank has played a pioneering role in the industry, particularly in retail banking. Among its many firsts, it was the first to launch such products as travellers' cheques, credit cards and ATMs.

In 2014, Mashreq has launched a new corporate identity that builds on its history of innovation and customer service and illustrates to the wider world just how committed it is to its customers, to the continued building up of its comprehensive expertise and market knowledge, and to nurturing its absolutely top-class reputation in the industry.

The Bank has received numerous international awards reflecting the bank's successful record, such as Gallup Great Workplace Award 2014, Best Regional Retail Bank by Banker Middle East Industry Awards 2014, SME Bank of the Year by Arabian Business Startup Awards 2014, Best Islamic Window by Islamic Business & Finance Awards 2014, Best Local Bank -UAE, Best Loan House - UAE, Best Regional Investment Bank - Middle East by EMEA Finance Middle East Banking Awards 2014, Best Use of nnovate Technology in the MEA Regional by MasterCard Innovation Forum 2014, Best Investment Bank - UAE, Best Commercial Bank - Qatar from World Finance Banking Awards 2014, Best Retail Bank UAE, Best Corproate Bank - Qatar, Best Customer Service Bank - Qatar by Global Banking & Finance Review Awards 2014 and the CSR Label for the fourth consecutive year by Dubai Chambers for its sustainability efforts in the community it serves.

As a leading financial Institution in the UAE, Mashreq aims to be world class in every facet of its business; including its social responsibility to the community it serves in. Towards this goal the bank pays particular attention to recruiting, training, developing and retaining UAE National employees.

© Press Release 2015