DCI-I is a type of foreign exchange linked structured investment.
This is a shariah compliant product under the concept of Wakalah Lil Istismar structured product with an embedded derivative linked to the performance of a pair of foreign currency.
DCI-I allows investors to enjoy higher expected profit than the traditional deposits. This investment enables the investors to convert their existing Placement Currency into the Alternate Currency of their choice at the pre-agreed Strike Rate. Investors decide at the start on the currency pair (Placement Currency and Alternate Currency), tenor and as well as the Strike Rate.
On maturity, investors will receive their investment (principal + expected profit) either in Placement Currency or the Alternate Currency at the pre-agreed strike rate, depending on which is the weaker currency.
DCI-I is not a principal protected investment.The currencies offered by BMMB are USD, EUR, GBP, AUD, SGD and JPY.