5 -Year Capital Protected Sharia Compliant* Notes
Benchmarked to the DWS Invest New Resources Fund


Summary Terms:

  • Product: Sharia compliant notes benchmarked to the performance of the DWS Invest New Resources Fund using a Sharia compliant mechanism.
  • *Capital Protection: Capital protection is achieved through irrevocable and unconditional purchase undertaking by the issuer on murabaha basis with the cost plus the performance of the reference asset. This will apply if notes are held until maturity
  • Underlying Fund: DWS Invest New Resources Fund (DWSNRLC LX)
    The DWS Open-end investment fund incorporated in Luxembourg. The Fund's objective is to achieve long-term capital appreciation. The Fund invests at least two thirds of its assets in equities and equity-related securities of issuers from the new resources sector
    • Water Industry
    • Agribusiness
    • Alternative Energy
  • Fund Manager: DWS Invest
  • Valuation: Weekly indicative value
  • Format: Investment Notes
  • Note Currency: Euro
  • Investment Participation (Part): 80%
  • Investment Period: 5 Years
  • Minimum Investment: Euro 10,000
  • Business Day: Any normal business day in Dubai, UAE, London, UK and Singapore
  • Maturity Date: March 27, 2013
  • Redemption Amount on Maturity: On Maturity Date the Note holder receives:



    Fund(t) = the relevant official NAV of the Fund, as determined by the Calculation Agent, on the relevant Observation Date “t“ (where t = 1 to 20),

    Fund(0) = The official NAV of the Fund, as determined by the Calculation Agent on the Initial Reference Date
    Part = 80%
  • Observation Dates: Quarterly, commencing on 18 June 2008 and ending on the Final valuation date (20 observations in total)
  • Issuer and Calculation Agent: Deutsche Bank AG, London
  • Distributor in UAE: Dubai Islamic Bank
  • Data Administrator: Ryland Gray
  • Sharia Advisor: Dubai Islamic Bank Sharia Board

Investment Risks:

  • Principal Protection/Return Risk:
    The protection of the certificate does not constitute a guarantee by the issuer to the capital or return but the protection is achieved through irrevocable and unconditional Sharia compliant purchase undertaking by the issuer on Murabaha basis with the cost plus the performance of the reference asset.
  • Issuer Risk:
    The investor faces the issuer/counterparty risk of Deutsche Bank AG. This product is a direct, understood, unconditional and unsecured obligation of Deutsche Bank AG. An insolvency of Deutsche Bank AG could lead to a partial or total loss of the capital invested by the investor.

    This product does not constitute a participation in an Investment Fund and is therefore not subject to any Investment Fund’s supervision. The holder of the product can not claim any protection of the Swiss Federal Act on investment fund.
  • Liquidity Risk:

    A liquid secondary market for this security is not guaranteed. Deutsche Bank will endeavour to provide a secondary market. Upon investor demand, Deutsche Bank will provide a bid/offer for such security depending on actual market conditions.

Indicative NAV: