If you are looking for a Shariah-compliant product that offers the potential to earn profit linked to the potential growth in equities, in addition to offering principal protection, then look no further than the Amanah Premium Deposit Plus.

In this issue we concentrate on the top global 100 companies by market capitalisation that constitute the Dow Jones Islamic Titan 100 Index (DJIM TITANS 100 Index). Introduced in 1999 as the first benchmarks to represent global Islamic-compliant companies, the DJIM Index series now encompass more than 70 indices across a wide range of countries and sectors. An independent Shariah Supervisory Board counsels Dow Jones Indexes on matters related to the compliance of index-eligible companies. The DJIM TITANS 100 Index includes some of the biggest and most respectable names in technology, oil and gas, telecommunications and health care.*

Amanah Premium Deposit Plus is a three year term deposit designed to offer:

100% Principal protection upon maturity

Final profit linked to any positive performance of the Dow Jones Islamic Market TITANS 100 Index (DJIM TITANS 100 Index), determined at the end of the three-year term

Any profit paid on your deposit at the end of the three-year deposit term will be calculated based on participation rate of 40-50 per cent of the quarterly average rise of the value of the DJIM 100 TITANS Index from its initial level.

Term: Three-year term

Basket of stocks: Dow Jones Islamic Market TITANS 100 Index.

Benefits: Amanah Premium Deposit Plus will pay a profit equal to a participation rate of 40%-50% of the quarterly average increased performance of the DJIM TITANS 100 Index, multiplied by the principal deposit amount.

Minimum deposit: AED37,000 or USD10,000

Closing date: 9 July 2009 or earlier if fully subscribed. Accounts are issued on a first come, first served basis. No advance notice of closure will be given.

Commencement date: 16 July 2009

Early closure of offer: This offer may be withdrawn at any time before the closing date.

Account maturity date: Third anniversary of the commencement date. The maturity date will be 16 July 2012 and the final payment date will be within 15 business days from the maturity date. Should this date fall on a holiday, the maturity date will be taken as the next business day.

Charges: An agency fee of up to 15% of the surrendered amount will be charged only in the case of early withdrawal. However, the agent may waive part or the full amount of the agency fee at its sole discretion. In addition, the agent may also deduct such costs it may have to incur as a result of making an early payment. These charges will be deducted from the surrendered amount.

Withdrawals: If you want to withdraw your deposit before the maturity date, you need to write to your local HSBC Bank Middle East Limited branch. You should note that you may receive an amount less than your original deposit due to early withdrawal. Please refer to clause 3 and 4 of the Agency Letter for more information.

Principal protection: Amanah Premium Deposit Plus is structured to return the initial principal plus any profit, only at maturity ie three years, and the initial deposit amount may not be returned in full if the deposit is encashed before maturity.