Common use of FCY Term Deposit Clause in Contracts

FCY Term Deposit. i a. Commodity Murabahah Transactions The Customer shall enter into purchase and sale transactions for Shariah compliant commodities (“Commodity Murabahah Transactions”) to place the deposit. b. The Customer must open or have: • a Ringgit account to convert Ringgit to the required foreign currency for the placement of the deposit; and • a savings/current account in the same foreign currency for the withdrawal of the deposit; as cash deposit/withdrawal in foreign currency is not allowed, and information relating to this account will be included in the account statement for the said Ringgit account. c. The Customer acknowledges that foreign currency deposits in currency other than USD, GBP and EUR: • the Purchase Transaction will be effected on receipt of value of the foreign currency; and • written disposal instructions must be received by the Bank 2 banking days before maturity date, if not the deposit will be automatically renewed for the same period on maturity date. d. The Customer agrees that: • profit shall be paid on maturity of the deposit; and • deposits may not be withdrawn before the maturity date and if exceptionally allowed, no profit is payable on the deposits and the Customer agrees that the Bank shall be entitled for a rebate equivalent to: • For deposits held 3 months and below: profit from the Murabahah Sale Price; or • For deposits held above 3 months: half of the profit for the completed months plus the profit for the uncompleted months. • The rebate will be deducted from the Murabahah Sale Price. • duration of placement is limited to 1, 3, 6, 9 or 12 months only; and • on maturity or withdrawal, the deposit and/or profit shall be credited to the same foreign currency savings/current account from which the deposit originated. e. The Customer acknowledges that the amount deposited cannot be assigned, transferred or charged either by endorsement or otherwise except with the prior written consent of the Bank. f. The Term Deposit-i terms and conditions in paragraphs (a), (c) to (i) and (l) to (n) also apply.

FCY Term Deposit. i a. Commodity Murabahah Transactions The Customer shall enter into purchase and sale transactions for Shariah compliant commodities (“Commodity Murabahah Transactions”) to place the deposit. b. The Customer must open or have: • a Ringgit account to convert Ringgit to the required foreign currency for the placement of the deposit; and • a savings/current account in the same foreign currency for the withdrawal of the deposit; as cash deposit/withdrawal in foreign currency is not allowed, and information relating to this account will be included in the account statement for the said Ringgit account. c. The Customer acknowledges that foreign currency deposits in currency other than USD, GBP and EUR: • the Purchase Transaction will be effected on receipt of value of the foreign currency; and • written disposal instructions must be received by the Bank 2 banking days before maturity date, if not the deposit will be automatically renewed for the same period on maturity date. d. The Customer agrees that: • profit shall be paid on maturity of the deposit; and • deposits may not be withdrawn before the maturity date and if exceptionally allowed, no profit is payable on the deposits and the Customer agrees that the Bank shall be entitled for a rebate equivalent to: •  For deposits held 3 months and below: profit from the Murabahah Sale Price; or •  For deposits held above 3 months: half of the profit for the completed months plus the profit for the uncompleted months. •  The rebate will be deducted from the Murabahah Sale Price. • duration of placement is limited to 1, 3, 6, 9 or 12 months only; and • on maturity or withdrawal, the deposit and/or profit shall be credited to the same foreign currency savings/current account from which the deposit originated. e. The Customer acknowledges that the amount deposited cannot be assigned, transferred or charged either by endorsement or otherwise except with the prior written consent of the Bank. f. The Term Deposit-i terms and conditions in paragraphs (a), (c) to (i) and (l) to (n) also apply.

FCY Term Deposit. i a. Commodity Murabahah Transactions The Customer shall enter into purchase and sale transactions for Shariah compliant commodities (“Commodity Murabahah Transactions”) to place the deposit. b. The Customer must open or have: • a Ringgit account to convert Ringgit to the required foreign currency for the placement of the deposit; and • a savings/current account in the same foreign currency for the withdrawal of the deposit; as cash deposit/withdrawal in foreign currency is not allowed, and information relating to this account will be included in the account statement for the said Ringgit account. c. The Customer acknowledges that for foreign currency deposits in currency other than USD, GBP and EUR: ; • the Purchase Transaction will be effected on receipt of value of the foreign currency; and • written disposal instructions must be received by the Bank 2 banking days before maturity date, if not the deposit will be automatically renewed for the same period on maturity date. d. The Customer agrees that: • that ⚫ profit shall be paid on maturity of the deposit; and • ⚫ on maturity or withdrawal, the deposit and/or profit shall be credited to the same foreign currency savings/current account from which the deposit originated; ⚫ deposits may not be withdrawn before the maturity date and if exceptionally allowed, no profit is payable on the deposits and the Customer agrees that the Bank shall be entitled for a rebate equivalent to: • For deposits held 3 months and below: profit from rebate; ⚫ the Murabahah Sale Price; or • For deposits held above 3 months: half of the profit for the completed months plus the profit for the uncompleted months. • The rebate will be deducted from the Murabahah Sale Price. • ; and ⚫ duration of placement is limited to 1, 3, 6, 9 or 12 months only; and • on maturity or withdrawal, the deposit and/or profit shall be credited to the same foreign currency savings/current account from which the deposit originated. e. All deposits shall be automatically renewed for the same period upon maturity date based on the prevailing board profit rate at the time of renewal, unless instructions in writing or via channels made available by the Bank are received by the Bank from the Customer beforehand. The Customer acknowledges that has the amount deposited cannot be assigned, transferred or charged either by endorsement or otherwise except with right to give and/or to amend any instructions up to the prior written consent of the Bankmaturity date. f. The start date of any renewals shall correspond to the maturity date of the previous cycle. g. If the maturity date falls on a non-banking day in both the local market and/or the associated country with the currency of the Term Deposit-i terms and conditions in paragraphs (a)placement, (c) it will be automatically adjusted to (i) and (l) the next banking day. However, subsequently, the maturity date of any renewal shall correspond to (n) also applythe numerical day on which the initial deposit was placed.

FCY Term Deposit. i a. Commodity Murabahah Transactions The Customer shall enter into purchase and sale transactions for Shariah compliant commodities (“Commodity Murabahah Transactions”) to place the deposit. b. The Customer must open or have: • a Ringgit account to convert Ringgit to the required foreign currency for the placement of the deposit; and • a savings/current account in the same foreign currency for the withdrawal of the deposit; as cash deposit/withdrawal in foreign currency is not allowed, and information relating to this account will be included in the account statement for the said Ringgit account. c. The Customer acknowledges that foreign currency deposits in currency other than USD, GBP and EUR: • the Purchase Transaction will be effected on receipt of value of the foreign currency; and • written disposal instructions must be received by the Bank 2 banking days before maturity date, if not the deposit will be automatically renewed for the same period on maturity date. d. The Customer agrees that: • profit shall be paid on maturity of the deposit; and • deposits may not be withdrawn before the maturity date and if exceptionally allowed, no profit is payable on the deposits and the Customer agrees that the Bank shall be entitled for a rebate equivalent to: • For deposits held 3 months and below: profit from the Murabahah Sale Price; or • For deposits held above 3 months: half of the profit for the completed months plus the profit for the uncompleted months. • The rebate will be deducted from the Murabahah Sale Price. • duration of placement is limited to 1, 3, 6, 9 or 12 months only; and • on maturity or withdrawal, the deposit and/or profit shall be credited to the same foreign currency savings/current account from which the deposit originated. e. The Customer acknowledges that the amount deposited cannot be assigned, transferred or charged either by endorsement or otherwise except with the prior written consent of the Bank. f. The Term Deposit-i terms and conditions in paragraphs (a), (c) to (i) and (l) to (n) also apply.