Common use of TREATMENT OF SMALL AMOUNT Clause in Contracts

TREATMENT OF SMALL AMOUNT. Small Amount shall mean any amount within the approved threshold arises from maturity, contribution excess, surrender, surplus distribution or claims that are to be made other than by way of electronic payment. The approved threshold is a maximum amount sets by Appointed Actuary and approves by Shariah Committee to determine the Small Amount which eligible to be channeled to donation. However, if You decide otherwise, You are required to submit a formal request to Us.