Common use of Amanah Statement Savings Account Clause in Contracts

Amanah Statement Savings Account. i a. The Customer deposits with the Bank as lender and gives consent to the Bank as borrower to utilise any part of the deposits in the account for Shariah compliant investments or transactions. Returns generated from utilisation of deposits belongs solely to the Bank. The Bank undertakes to deliver the deposit to the Customer on demand. b. A minimum initial deposit as determined by the Bank is required. c. Account statements in hard copy form or electronic format (“E-statement”) shall be issued to the Customer on a quarterly basis. The E-statement may be sent to the Customer via electronic mail to the Customer’s e-mail address last known to the Bank or through Online Banking if the Customer is a registered user. d. Any Hibah credited to the account was on the bank’s sole discretion. It shall not be construed as an indicative Hibah nor give rise to any obligation on the part of HSBC Amanah to provide such Hibah in the future. e. The Customer agrees that fees and charges stated in the Bank’s Tariff and Charges which can be viewed at hthe Bank’s website shall be imposed.

Amanah Statement Savings Account. i a. The Customer deposits with the Bank as lender and gives consent to the Bank as borrower to utilise any part of the deposits in the account for Shariah compliant investments or transactions. Returns generated from utilisation of deposits belongs solely to the Bank. The Bank undertakes to deliver the deposit to the Customer on demand. b. A minimum initial deposit as determined by the Bank is required. c. Account statements in hard copy form or electronic format (“E-statement”) shall be issued to the Customer on a quarterly basis. The E-statement may be sent to the Customer via electronic mail to the Customer’s e-e- mail address last known to the Bank or through Online Banking if the Customer is a registered user. d. Any Hibah credited to the account was on the bank’s sole discretion. It shall not be construed as an indicative Hibah nor give rise to any obligation on the part of HSBC Amanah to provide such Hibah in the future. e. The Customer agrees that fees and charges stated in the Bank’s Tariff and Charges which can be viewed at hthe the Bank’s website shall be imposed.

Amanah Statement Savings Account. i a. The Customer deposits with the Bank as lender and gives consent to the Bank as borrower to utilise any part of the deposits in the account for Shariah compliant investments or transactions. Returns generated from utilisation of deposits belongs solely to the Bank. The Bank undertakes to deliver the deposit to the Customer on demand. b. A minimum initial deposit as determined by the Bank is required. c. Account statements in hard copy form or electronic format (“E-statement”) shall be issued to the Customer on a quarterly basis. The E-statement may be sent to the Customer via electronic mail to the Customer’s e-mail email address last known to the Bank or through Online Banking if the Customer is a registered user. d. Any Hibah credited to the account was on the bank’s sole discretion. It shall not be construed as an indicative Hibah nor give rise to any obligation on the part of HSBC Amanah to provide such Hibah in the future. e. The Customer agrees that fees and charges stated in the Bank’s Tariff and Charges which can be viewed at hthe the Bank’s website shall be imposed.