Standard Chartered Saadiq Terms & Conditions

03/2014

ΩɵMCGh •hô°T OôJQÉ°ûJ OQófÉà°S ¥OÉ°U

OôJQÉ°ûJ OQófÉà°S ¥OÉ°U ΩɵMCGh •hô°T »àdG á«eÓ°SE’G ™FGOƒdG äÉHÉ°ùM ≈∏Y §≤a (''ΩɵMC’Gh •hô°ûdG'') ΩɵMC’Gh •hô°ûdG √òg …ô°ùJ hCG πjó©àH …ô°üëdG √ôjó≤J ≥ah ΩÉ«≤dG ≥ëH ∂æÑdG ™àªàj .∂æÑdG iód É¡H ßØàëjh 𫪩dG É¡ëàØj ¿ƒfÉ≤dG ¬H íª°ùj …òdG óëdG ≈dEG âbh …CG »a ΩɵMC’Gh •hô°ûdG √òg »a ¢üf …CG ±òM hCG áaÉ°VEG á∏«°Sh ájCG ≥jôW øY hCG/h ÜÉ°ùëdG íàa ¬«a ºJ …òdG ´ôØdG »a ¿CÉ°ûdG Gò¡H QÉ©°TEG ™°Vh ≥jôW øY ôÑà©j ,∂dP ±ÓN ≈∏Y ΩɵMC’Gh •hô°ûdG √òg ¢üæJ ºd Éeh .äGô««¨àdG √ò¡H QÉ©°TEÓd iôNCG ádƒ≤©e ΩÉjCG 3 ∫ÓN 𫪩dG øe ∂dP ±ÓîH QÉ©°TEG …CG ∂æÑdG ≥n ∏àj ºd GPEG IQƒcòªdG äGô««¨àdG πÑb ¬fCG 𫪩dG .QÉ©°TE’G ∂dP QGó°UEG øe

STANDARD CHARTERED SAADIQ TERMS AND CONDITIONS These terms and conditions (the “Terms and Conditions”) shall only apply to Islamic deposit accounts of the Customer opened and maintained with the Bank. The Bank shall have the sole discretion to amend, add to, or delete any provision of these Terms and Conditions at any time and to such extent as permitted by law, by displaying a notice to such effect at the branch where the account is opened, and/or by any other reasonable means of notification of such changes. Unless provided to the contrary in these Terms and Conditions, the Customer shall be deemed to have accepted such changes if the Bank does not receive any notice to the contrary from the Customer within 3 days from the issuance of such notice. 1.

ô«°ùØàdGh ∞jQÉ©àdG -1 ,É¡æe πc πHÉ≤e áæ«ÑªdG »fÉ©ªdG ΩɵMC’Gh •hô°ûdG √òg »a á«dÉàdG ô«HÉ©àdGh äɪ∏µ∏d ¿ƒµj :∂dP ±ÓN ¢üædG ¥É«°S Ö∏£àj ºd Ée É¡ëàØj »àdG OôJQÉ°ûJ OQófÉà°S ¥OÉ°U (äÉHÉ°ùM) ÜÉ°ùM »æ©J ''(äÉHÉ°ùM) ÜÉ°ùM'' (CG) ∫ƒµdG ÜÉ°ùM ,∞«àcC’G ÜÉ°ùM ,…QÉ÷G ÜÉ°ù◊G πª°ûJh ,∂æÑdG iód É¡H ßØàëj h 𫪩dG .∂dP ¢üædG ¥É«°S Ö∏£àj ÉeóæY áHQÉ°†ŸG ÜÉ°ùM hCG / h êPƒªf »a ∂dP ¿Éc AGƒ°S) 𫪩dG πÑb øe kÉ°VƒØe kÉ°üî°T »æ©J ''¢VƒØªdG ¢üî°ûdG'' (Ü) (äÉHÉ°ùëdG) ÜÉ°ùëdÉH ≥∏©àj ɪ«a 𫪩dG øY áHÉ«f ±ô°üà∏d (∂dP ô«Z hCG ÜÉ°ùëdG íàa .(äÉHÉ°ùëdG ∂∏J) ÜÉ°ùëdG ∂dòH ≥∏©àJ äÓeÉ©J ájCÉH íàa ¬«a ºJ …òdG ´ôØdG ∫ÓN øe ±ô°üàj …òdG ∂æH OôJQÉ°ûJ OQófÉà°S »æ©J ''∂æÑdG'' (ê) hCG á«dhDƒ°ùe ájCG ∂æÑ∏d á©HÉàdG iôNC’G äÉ¡édGh ÖJɵªdGh ´hôØdG πªëàJ ød .ÜÉ°ùëdG .ÜÉ°ùëdÉH ≥∏©àj ɪ«a ΩGõàdG áæ«©e á∏ª©H º¡H ¢UÉîdG áHQÉ°†ªdG ÜÉ°ùëd ¿ƒµj AÓª©dG øe áYƒªée »æ©J ''áÄØdG'' (O) .¥É≤ëà°S’G ∞«æ°üJ ¢ùØf

DEFINITIONS AND INTERPRETATION In these Terms and Conditions, unless the context otherwise requires: (a)

(b) “Authorised Person” means a person authorised by the Customer (whether in the account opening form or otherwise) to act on behalf of the customer in relation to the Account(s) and any transactions in relation to such Account(s). (c)

(e)

“Clause” means a clause of these Terms and Conditions.

(f)

“Current Account” means the Saadiq current account(s) opened and maintained by the Customer with the Bank.

(g) “Customer” means the account holder named in the account opening form (h)

“ACTIV Account” means the Saadiq ACTIV Account(s) opened and maintained by the Customer with the Bank.

(i)

"Call Account" means the Saadiq Call Account(s) opened and maintained by the customer with the Bank. Call Account shall be a non-profit bearing account with no cheque book(s) issued for Customers.

(j)

“Mudaraba” means a partnership in profit in which one party provides capital (“Rab-ul-Maal” or “Mudaraba Investor”) and the other party provides its expertise and skill in relation to the investment of such capital (“Mudarib” or “Mudaraba Manager”). Profit, if any, is shared between the parties as per an agreed ratio while loss, if any, is borne solely by the Mudaraba Investor.

(k)

“Mudaraba Account” means the Islamic Shariah compliant savings & term Account(s) opened and maintained by the Customer with the Bank under which the monies placed by the Customer therein shall be invested by the Bank in Islamic Shariah Compliant Assets and which, where the context requires, includes the Mudaraba Term Account.

(l)

“Mudaraba Term Account” means the Mudaraba Account which is opened by the Customer solely for the Mudaraba Term Period as shall be selected by the Customer in the Account opening form.

.ÜÉ°ùëdG íàa êPƒªf »a ¬ª°SG OQGƒdG ÜÉ°ùëdG ÖMÉ°U »æ©j ''𫪩dG'' (¢V) 𫪩dG ᣰSGƒH É¡ëàa ºàj »àdG ∞«àcCG ¥OÉ°U äÉHÉ°ùM/ÜÉ°ùM ≈æ©j ''∞«àcCG ÜÉ°ùM'' (•) .∂æÑdG ™e ¬H ßØàëj h 𫪩dG É¡ëàØj …òdG ∫ƒc ¥OÉ°U (äÉHÉ°ùM) ÜÉ°ùM »æ©j ''∫ƒµdG ÜÉ°ùM'' (´) ∂«°T ÎaO OƒLh ΩóY ™e íHô∏d ±OÉg ÒZ ÜÉ°ùM ¿ƒµ«°S ''∫ƒµdG ÜÉ°ùM'' .∂æÑdG iód .AÓª©∏d (äɵ«°T) ÜQ'') ∫ɪdG ¢SCGQ ø«aô£dG óMCG É¡ÑLƒªH Ωó≤j ìÉHQC’G »a ácQÉ°ûe »æ©J ''áHQÉ°†ªdG'' (±) »a ¬JQÉ¡eh ¬JôÑN ôNB’G ±ô£dG Ωó≤j ɪæ«H (''áHQÉ°†ªdG »a ôªãà°ùªdG'' hCG ''∫ɪdG ,ìÉHQC’G º°SÉ≤J ºàj .(¢SáHQÉ°†ªdG ôjóeR hCG ''ÜQÉ°†ªdG'') QƒcòªdG ∫ɪdG ¢SCGQ Qɪãà°SG »a ôªãà°ùªdG πªëàj ɪæ«H É¡«∏Y ≥Øàe áÑ°ùf ≥ah ø«aô£dG ø«H ɪ«a ,â≤≤ëJ ¿EG .âKóM ¿EG IQÉ°ùîdG √óMh áHQÉ°†ªdG á©jô°û∏d ≥aGƒªdG πLC’ ÜÉ°ùëdGh ô«aƒàdG (äÉHÉ°ùM) ÜÉ°ùM »æ©j ''áHQÉ°†ªdG ÜÉ°ùM'' (∑) Qɪãà°SÉH ¬ÑLƒªH ∂æÑdG Ωƒ≤jh ∂æÑdG iód ¬H ßØàëjh 𫪩dG ¬ëàØj …òdG á«eÓ°SE’G ,á«eÓ°SE’G á©jô°û∏d á≤aGƒe ∫ƒ°UCG »a ÜÉ°ùëdG Gòg »a 𫪩dG É¡YOƒj »àdG ∫GƒeC’G .∂dP ¢üædG ¥É«°S Ö∏£àj ÉeóæY πLC’ áHQÉ°†ªdG ÜÉ°ùM ∞jô©àdG Gòg πª°ûjh Ióªd §˘≤˘a π˘«˘ª˘©˘dG ¬˘ë˘à˘Ø˘j …ò˘dG á˘HQɢ°†ª˘dG Üɢ°ùM »˘æ˘©˘j ''π˘LC’ á˘HQɢ°†ª˘dG Üɢ°ùM'' (∫) .ÜÉ°ùëdG íàa êPƒªf »a 𫪩dG ÉgQÉàîj »àdG áHQÉ°†ªdG kGô`¡°T ≠∏`ÑJ IOó`ëe Ióe πLC’ áHQÉ°†ªdG ÜÉ°ùëH ≥∏©àj ɪ«a »æ©J ''áHQÉ°†ªdG Ióe'' (Ω) iôNCG Ióe ájCG hCG kGô¡°T (12) ô°ûY »æKG hCG ô¡°TCG (6) áà°S hCG ô¡°TCG (3) áKÓK hCG (1) kGóMGh 1

“Bank” means Standard Chartered Bank acting through the branch at which the Account is opened. Other branches, offices and affiliates of the Bank shall have no responsibility or liability in relation to the Account.

(d) “Category” means a group of Customers having same maturity classification for their Mudaraba Account for a given currency.

.ΩɵMC’Gh •hô°ûdG √òg »a kGóæH »æ©j ''óæH'' (R) …òdG OôJQÉ°ûJ OQófÉà°S ¥OÉ°U …QÉédG (äÉHÉ°ùëdG) ÜÉ°ùëdG »æ©j ''…QÉédG ÜÉ°ùëdG'' (¢S) .∂æÑdG iód ¬H ßØàëjh 𫪩dG ¬ëàØj

"Account(s)" means the Saadiq account(s) opened and maintained by the Customer with the Bank and where the context requires, shall include the Current Account, ACTIV Account, Call Account and/or the Mudaraba Account.

(m) “Mudaraba Term Period” means, in relation to the Mudaraba Term Account, a fixed term of one (1), three (3), six (6) or twelve (12) months or any other term as specified by the Customer in the account opening form.

1

(n)

“Islamic Shariah Compliant Assets” has the meaning ascribed to it in Schedule 1 of these Terms and Conditions.

(o) “Standard Chartered Group” means Standard Chartered Bank and any undertaking which is on or after the date of these Terms and Conditions a subsidiary undertaking of Standard Chartered Bank, a parent undertaking of Standard Chartered Bank or subsidiary undertaking of parent undertaking of Standard Chartered Bank, as those terms are construed in accordance with Section 258 of English Companies Act 1985 (as amended).

.ÜÉ°ùëdG íàa êPƒªf »a 𫪩dG ÉgOóëj ≥aôªdG (1) ∫hóédG »a É¡d OóëªdG ≈橪dG πªëJ ''á«eÓ°SE’G á©jô°û∏d á≤aGƒe ∫ƒ°UCG'' (¿) .ΩɵMC’Gh •hô°ûdG √ò¡H ïjQÉJ »a ¿ƒµJ ácô°T ájCGh ∂æH OôJQÉ°ûJ OQófÉà°S »æ©J ''OôJQÉ°ûJ OQófÉà°S áYƒªée'' (h) á©HÉJ hCG ¬d á°†HÉb hCG ∂æH OôJQÉ°ûJ OQófÉà°ùd á©HÉJ √ó©H hCG ΩɵMC’Gh •hô°ûdG √òg øe 258 óæÑ∏d kÉ≤ah ô«HÉ©àdG √òg ô°ùØJ ¿CG ≈∏Y ,∂æH OôJQÉ°ûJ OQófÉà°ùd á°†HÉb ácô°ûd .(¬JÓjó©Jh) 1985 ΩÉ©d …õ«∏µfE’G äÉcô°ûdG ¿ƒfÉb

(p) “UAE” means the United Arab Emirates.

.IóëàªdG á«Hô©dG äGQÉeE’G ádhO »æ©J ''IóëàªdG á«Hô©dG äGQÉeE’G'' (√) (q) “Terms and Conditions” means the terms and condition herein contained, as varied, amended, supplemented or modified from time to time. 1.1

Interpretation Unless the context requires otherwise, the following rules shall apply: (a) Where two or more persons constitute the expression the Customer, all covenants, agreements, undertakings, stipulations, obligations, conditions and other provisions hereof and their liability herein shall be deemed to be made by and be binding and applicable respectively on them jointly and each of them severally and shall also be binding on and applicable to his/its personal representatives, successors and/or assigns jointly and severally. (b) Reference to any person including the Customer, the Bank and/or any other persons and/or legal entities shall include the personal representatives, successors and/or assigns of the person. (c)

Reference to any person shall include any corporation, firm, partnership, society, association, statutory body and agency, whether local or foreign.

(d) The clauses and other headings herein are for ease of reference only and shall not affect the interpretation of any provision hereof. (e)

Reference to a statutory provision includes reference to any modification, consolidation or re-enactment of it for the time being in force, and all statutory instruments or orders made pursuant to it.

(f)

Words importing the singular meaning shall where the context admits include the plural and vice-versa.

(g) Words for a gender include all genders. (h)

2.

Where a word or phrase is defined, its other grammatical forms have a corresponding meaning.

INSTRUCTIONS (a) The Bank is authorised to act on all instructions given in accordance with the signing instructions stated in the Account opening form or otherwise provided to and accepted by the Bank. If any instructions are unclear or if the Bank receives conflicting instructions, the Bank may choose not to act upon them or any of them until the ambiguity or conflict has been resolved to the Bank’s satisfaction. The Bank has no obligation to verify that any instructions are genuine. (b) If the Bank agrees to act upon telex, telephone, facsimile, electronic communication, e-mail, letter or other form of instructions, the Bank shall be authorised to act upon such instructions, purporting to be issued by, or believed by the Bank to be issued by, the Customer or an Authorised Person. The Customer acknowledges and assumes all risks associated with communication of instructions by such methods and waives, releases and discharges the Bank from any and all claims, 2

hCG πjóÑJ …CG ™e óæà°ùªdG Gòg »a IOQGƒdG ΩɵMC’Gh •hô°ûdG »æ©J ''ΩɵMC’Gh •hô°ûdG'' (ì) .ôNB’ âbh øe É¡«∏Y …ôéj ô««¨J hCG áaÉ°VEG hCG πjó©J ô«°ùØàdG 1-1 :∂dP ±ÓN ¢üædG ¥É«°S Ö∏£àj ºd Ée á«dÉàdG óYGƒ≤dG …ô°ùJ äÉ«dhDƒ°ùªdGh äÉbÉØJ’Gh äGó¡©àdG áaÉc ¿EÉa ôãcCG hCG ø«°üî°T øe 𫪩dG ¿ƒµàj ÉeóæY (CG) ΩɵMC’Gh •hô°ûdG √òg »a IOQGƒdG iôNC’G ΩɵMC’Gh OƒæÑdGh äÉeGõàd’Gh •hô°ûdGh ¿ƒµJ ɪc …Oôa πµ°ûH º¡æe πc ≈∏Yh ø«©ªàée º¡«∏Y IòaÉfh áeõ∏eh áeôÑe ôÑà©J iOGô˘a º˘¡˘«˘dEG ∫Rɢæ˘à˘ª˘dG hCG/h º˘¡˘FÉ˘Ø˘∏˘Nh ø˘«˘«˘°üûdG º˘¡˘«˘∏˘ã˘ª˘e ≈˘∏˘Y Iò˘aɢfh á˘eõ˘∏˘e .ø«©ªàéeh hCG/h øjôNBG ¢UÉî°TCG …CG hCG/h ∂æÑdGh 𫪩dG ∂dP »a ɪH ,¢üî°T …CG ≈dEG IQÉ°TE’G πª°ûJ (Ü) º¡«dEG ∫RÉæàªdG hCG/h √AÉØ∏N hCG/h ¢üî°ûdG ∂dòd ø««°üî°ûdG ø«∏㪪dG ,ájQÉÑàYG äÉÄ«g .¬∏Ñb øe áÄ«g hCG OÉëJG hCG á«©ªL hCG ácGô°T hCG Öàµe hCG ácô°T ájCG ¢üî°T …CG ≈dEG IQÉ°TE’G πª°ûJ (ê) .á«ÑæLCG ΩCG á«∏ëe É¡æe …CG âfÉc AGƒ°S ádÉch hCG á«fƒfÉb ´ƒLôdG ádƒ¡°ùd ΩɵMC’Gh •hô°ûdG √òg »a iôNC’G øjhÉæ©dGh OƒæÑdG øjhÉæY âeóîà°SG (O) .É¡«a ¢üf …CG ô«°ùØJ ≈∏Y ô«KCÉJ …CG É¡d ¿ƒµj ødh §≤a ¿ƒµj ¬d ø°S IOÉYEG hCG èeO hCG πjó©J …CG ≈dEG IQÉ°TEG »fƒfÉb ¢üf …CG ≈dEG IQÉ°TE’G øª°†àJ (√) .¬ÑLƒªH Qó°üJ »àdG ôeGhC’G hCG á«fƒfÉ≤dG ≥FÉKƒdG áaÉch ¬æ«M »a kGòaÉf ¢ùµ©dGh ∂dòH ¥É«°ùdG íª°ùj ÉeóæY ™ªédG OôتdG ≈æ©e πªëJ »àdG äɪ∏µdG πª°ûJ (h) .¢ùµ©dÉH .ôNB’G ¢ùæédG ø«©e ¢ùæéH á°UÉîdG äɪ∏µdG πª°ûJ (R) ∂dòd ≥aGƒe ≈æ©e iôNC’G ájƒ¨∏dG É¡dɵ°TC’ ¿ƒµj IQÉÑY hCG áª∏c ∞jô©J ºàj ÉeóæY (ì) .∞jô©àdG äɪ«∏©àdG -2 ™«bƒàdG äɪ«∏©àd kÉ≤ah IQOÉ°üdG äɪ«∏©àdG áaÉc ≈∏Y AÉæH ±ô°üà∏d ¢VƒØe ∂æÑdG (CG) âfÉc GPEG .∂æÑdG ≈dEG ádƒÑ≤e iôNCG á≤jô£H Ωó≤J »àdG hCG ÜÉ°ùëdG íàa êPƒªf »a áæ«ÑªdG ΩóY Qô≤j ¿CG ¬d ≥ë«a áHQÉ°†àe äɪ«∏©J ∂æÑdG ≈≤∏J GPEG hCG áë°VGh ô«Z äɪ«∏©J ájCG º°ùëj hCG ¢Vƒª¨dG ∫hõj ¿CG ≈dEG É¡æe …CG ≈∏Y hCG äɪ«∏©àdG ∂∏J ≈∏Y AÉæH ±ô°üàdG .äɪ«∏©J ájCG áë°U øe ócCÉàdÉH Ωõ∏e ô«Z ∂æÑdG ¿EG .∂æÑdG ¬H ™æà≤j πµ°ûH ÜQÉ°†àdG hCG ¢ùcÉØdG hCG ∞JÉ¡dG hCG ¢ùµ∏àdÉH äɪ«∏©J ≈∏Y AÉæH ±ô°üàdG ≈∏Y ∂æÑdG ≥aGh GPEG (Ü) kÉ°VƒØe ∂æÑdG ¿ƒµj ,∂dP ô«Z hCG ádÉ°SQ hCG »fhôàµd’G ójôÑdG hCG á«fhôàµd’G ä’É°üJ’G 2

obligations or rights that the Customer has or may have against the Bank in relation to or arising out of such instructions. The Bank shall not be required to obtain confirmation or make enquiry as to the genuineness of the instructions. The Bank may, however, without being obliged to do so and at its sole and absolute discretion, decline to act upon such instructions and / or request verification of instructions by means of a confirming telephone call to the Customer or Authorised Person, if any.

hCG 𫪩dG øY IQOÉ°U É¡fCG ∂æÑdG ó≤à©j hCG ô¡¶J »àdG äɪ«∏©àdG ∂∏J ≈∏Y AÉæH ±ô°üà∏d ∂∏àH äɪ«∏©àdG ∫É°SQEÉH á≤∏©àªdG ôWÉîªdG áaÉc πªëàjh 𫪩dG ô≤j .¢VƒØªdG ¢üî°ûdG »àdG ¥ƒ≤ëdG hCG äÉeGõàd’G hCG äÉÑdÉ£ªdG áaÉch øe …CG øe ∂æÑdG ÇôÑjh ∫RÉæàjh ¥ô£dG øe Ö∏£j ød .É¡æY CÉ°ûæj hCG äɪ«∏©àdG ∂∏àH ≥∏©àj ɪ«a ∂æÑdG ó°V 𫪩dG iód ¿ƒµJ ób ¿CG ¿hO ,∂æÑ∏d Rƒéj øµdh .É¡àë°U øe ≥≤ëàdG hCG äÉeƒ∏©ª∏d ó«cCÉJ ≈∏Y ∫ƒ°üëdG ∂æÑdG äɪ«∏©àdG ≈∏Y AÉæH ±ô°üàdG ¢†aôj ¿CG ,≥∏£ªdGh …ô°üëdG √ôjó≤J ≥ahh kÉeõ∏e ¿ƒµj ¢üûdG hCG π˘«˘ª˘©˘dG ™˘e »˘Ø˘Jɢg ∫ɢ°üJG AGô˘LEG ≥˘jô˘W ø˘Y ɢ¡˘æ˘e ≥˘≤˘ ë˘ à˘ dG Ö∏˘˘£˘ j hCG/h .¬æe ócCÉà∏d ,óLh ¿EG ,¢VƒØªdG

(c)

hCG 𫪩dG √ÉéJ á«dhDƒ°ùe ájCG ¬FÓch hCG ¬«ØXƒe hCG ¬«dhDƒ°ùe øe …CG hCG ∂æÑdG πªëàj ød (ê) »a ɪH) ô°TÉÑe ô«Z hCG ô°TÉÑe πµ°ûH èàæj Qô°V hCG IQÉ°ùN ájCG øY ôNBG ¢üî°T …CG √ÉéJ øY hCG äɪ«∏©àdG ≈∏Y AÉæH ±ô°üàdG øY ´Éæàe’G hCG ±ô°üàdG øY (ô«NCÉJ ÖÑ°S …CG ∂dP ´ô°ùàdG ÖÑ°ùH äÓeÉ©àdG QGôµJ ∂dP »a ɪH ÅWÉN πµ°ûH Égò«ØæJ hCG äɪ«∏©àdG ô«°ùØJ ™aój ≠∏Ñe …CG ó«b ∂æÑ∏d Rƒéjh ∫É«àM’G hCG ÅWÉîdG ìô°ûdG hCG ∫ɪgE’G hCG √ÉÑàf’G ΩóY hCG .ÜÉ°ùM …CG ≈∏Y äɪ«∏©àdG ∂∏J ΩÓà°S’ áé«àf

(d) The Customer shall hold harmless and indemnify the Bank, its officers, employees and/or agents, against any loss, cost, damage, expense or liability which they or any of them may incur (direct or indirect) as a result of the Bank or any such officer employee or agent acting upon, delaying or refraining from acting upon instructions of the Customer or purporting to be from the Customer or which the Bank believes to have been issued by or for the Customer.

º¡°†jƒ©J ≈∏Y ®ÉØëdGh ¬FÓch hCG/h ¬«ØXƒeh ¬«dhDƒ°ùeh ∂æÑdG ¢†jƒ©àH 𫪩dG Ωõà∏j (O) …CG hCG kÉ©«ªL º¡fhóѵàj ób á«dhDƒ°ùe hCG ∞jQÉ°üe hCG Qô°V hCG áØ∏µJ hCG IQÉ°ùN ájCG ó°V hCG ø«dhDƒ°ùªdG ∂ÄdhCG øe …CG hCG ∂æÑdG ±ô°üàd áé«àf (ô°TÉÑe ô«Z hCG ô°TÉÑe πµ°ûH) º¡æe øe äɪ«∏©J ≈∏Y AÉæH ¬æY º¡YÉæàeG hCG ±ô°üàdG º¡∏«LCÉJ hCG AÓcƒdG hCG ø«ØXƒªdG .¬æY hCG 𫪩dG πÑb øe äQó°U É¡fCG ∂æÑdG ó≤à©j hCG 𫪩dG øe É¡fCG ô¡¶J hCG 𫪩dG

(e)

The Customer agrees and acknowledges that, subject to any express written instructions of the Customer (i) any Authorised Person(s) appointed by the Customer shall be fully empowered to act on behalf of the Customer in all transactions with the Bank and that the Bank may comply with and act on any instructions given by such Authorised Person(s) without limitation, (ii) the Authorised Person(s) is / are authorised to arrange with the Bank advances (by way of financing or otherwise) and any other credit, guarantee or other forms of facilities from time to time and to sign and provide such security as may be required by the Bank, (iii) the Authorised Person(s) may order any transfer to his /their personal account or order, or may charge the credit balance of the Account or any part thereof as security for credit facilities granted to such person(s) or third parties, (iv) the Authorised Person(s) may delegate the powers conferred on the Authorised Person(s) or any of them, to others, (v) the Authorised Person may vary, amend, or revise any mandate or instruction previously given to the Bank.

(f)

The Customer agrees and acknowledges that the Bank’s Shariah Advisory Committee may from time to time amend or establish further guidelines for the Bank in respect of the Account(s) and/or recommend subsequent changes, modifications or further requirements relating to the Account(s) and/or these Terms and Conditions. The Customer hereby consents to the compliance by the Bank and the Customer with any such amended or further guidelines and to any subsequent changes, modifications or requirements in relation to the Account(s) and/or these Terms and Conditions relating thereto.

𫪩dG ø`e IQOÉ°U áëjô°U á«£N äɪ«∏©J ájCG IÉYGôe ™e »∏j ɪH ô≤jh 𫪩dG ≥aGƒj (√) øY áHÉ«f ±ô°üà«d πeÉc πµ°ûH k’ƒîe 𫪩dG ¬æ«©j ¢VƒØe ¢üî°T …CG ¿ƒµj (1) :¿CG ∂dP ÉgQó°üj äɪ«∏©J ájCÉH Ωõà∏j ¿CG ∂æÑ∏d Rƒéjh ∂æÑdG ™e äÓeÉ©àdG áaÉc »a 𫪩dG ¢VƒØªdG ¢üî°ûdG ¿ƒµj (2) Ohóëe ô«Z πµ°ûH É¡«∏Y AÉæH ±ô°üàjh ¢VƒØªdG ¢üî°ûdG äÓ«¡°ùJ ájCGh (∂dP ô«Z hCG πjƒªJ πµ°T ≈∏Y) ∞∏°S ájC’ ∂æÑdG ™e ÖJôj ¿C’ kÉ°VƒØe ºjó≤Jh É¡«∏Y ™«bƒàdGh ôNB’ âbh øe äÓ«¡°ùàdG ∫ɵ°TCG øe Égô«Z hCG ¿Éª°V hCG ¿ÉªàFG ¬HÉ°ùM ≈dEG πjƒëJ …CG Ö∏£j ¿CG ¢VƒØªdG ¢üî°û∏d Rƒéj (3) ∂æÑdG ¬Ñ∏£j …òdG ¿Éª°†dG ¿Éª°†c ¬æe AõL …CG hCG ÜÉ°ùë∏d øFGódG ó«°UôdG øgQ ¬d Rƒéj ɪc √ôeC’ hCG »°üî°ûdG ¢üî°û∏d Rƒéj (4) ô«¨∏d hCG ¢üî°ûdG ∂dòd áMƒæªªdG á«fɪàF’G äÓ«¡°ùàdG πHÉ≤e ¢VƒØªdG ¢üî°û∏d Rƒéj (5) øjôNB’G ≈dEG ¬«dEG áMƒæªªdG äÉ«MÓ°üdG ¢†jƒØJ ¢VƒØªdG .∂æÑdG ≈dEG ÉgQGó°UEG ≥Ñ°S äɪ«∏©J hCG ôeCG …CG á©LGôe hCG πjó©J hCG ô««¨J âbh øe Ωƒ≤J ¿CG ∂æÑ∏d á©HÉàdG »Yô°ûdG ±Gô°TE’G áæé∏d Rƒéj ¬fCG ô≤jh 𫪩dG ≥aGƒj (h) ≥˘∏˘©˘à˘j ɢª˘«˘a ᢫˘aɢ°VEG äGOɢ°TQEG ™˘°Vh hCG ∂æ˘Ñ˘dɢH ᢰUɢî˘dG äGOɢ°TQE’G π˘j󢢩˘ à˘ H ô˘˘NB’ ≥∏©àJ á«aÉ°VEG äÉÑ∏£àe hCG á≤M’ äÓjó©J hCG äGô««¨àH »°Uƒj ¿CG hCG/h ÜÉ°ùëdÉH ΩɵMC’Gh •hô°ûdG √òg ÖLƒªH 𫪩dG ≥aGƒj .ΩɵMC’Gh •hô°ûdG √òg hCG/h ÜÉ°ùëdÉH äGô««¨àdG áaɵHh áaÉ°†ªdG hCG ádó©ªdG äGOÉ°TQE’G ∂∏J áaɵH 𫪩dGh ∂æÑdG ΩGõàdG ≈∏Y ΩɵMC’Gh •hô°ûdG √òg hCG/h ÜÉ°ùëdÉH á≤∏©àªdG á≤MÓdG äÉÑ∏£àªdG hCG äÓjó©àdG hCG .¬H á£ÑJôªdG 3.

äÉHƒë°ùdGh áæFGódG Ió°UQC’Gh ™FGOƒdG -3 샪°ùªdG ≠∏ѪdG ójóëJ hCG/h á©jOh hCG óæ°S …CG ¢†aQ …ô°üëdG √QÉ«N ≥ah ∂æÑ∏d ≥ëj (CG) .ôNB’ âbh øeh âbh …CG »a É¡æe AõL …CG hCG á©jOh ájCG IOÉYEG hCG/h ¬YGójEÉH ºàj …òdG ´ôØdG »a ¬∏HÉ≤e hCG ó≤æ∏d ∂æÑdG ΩÓà°SG ø«M ≈dEG 𫪩∏d ™FGOh ájCG ôaƒàJ ød (Ü) ∫GƒeCÓd ∂æÑdG ΩÓà°SG ø«M ≈dEG ™FGOƒdG äGOGôjEG ôaƒàJ ødh ,ÜÉ°ùëdÉH ®ÉØàM’G ¬«a ’h 𫪩∏d π«°üëJ π«cƒc A»°T …CG ´GójEG ∫ƒÑb óæY ∂æÑdG ±ô°üàj .AÉÑYCG ájCG øe á«dÉN .äGOGôjE’G ≥≤ëJ øY á«dhDƒ°ùe ájCG πªëàj 3

Neither the Bank nor any of its officers, employees or agents shall be under any liability to the Customer or to any other person for any loss or damage caused as a result (including any reason of delay), direct or indirect, of acting upon or refraining from acting upon instructions or in construing or processing such instructions in error, including duplication of transactions through inadvertence or oversight, negligently, or through misdescription or fraud, and the Bank may debit any Account with any amount paid out pursuant to the receipt of such instructions.

DEPOSITS, CREDITS AND WITHDRAWALS (a) The Bank shall be entitled, in its sole discretion, to refuse any instrument or deposit and / or limit the amount permitted to be deposited and / or return any deposit or any part thereof at any time and from time to time. (b) No deposits shall be made available to the Customer until the Bank has received cash or its equivalent at the branch where the Account is maintained. Proceeds of deposits are not available until cleared funds are received by the Bank. In accepting items for deposit, the Bank acts as the Customer’s collecting agent and assumes no responsibility for realization. 3

(c)

The Bank may, without prior notice to and/or consent of the Customer, reverse any entries in the Account where transfers, remittances, cheques or other instruments previously credited to the Account are recalled or returned unpaid for any reason. The Bank shall be entitled to retain unpaid cheques or instruments and to exercise all rights in relation thereto.

(d) If (i) the Bank has exceptionally or erroneously credited the Account; (ii) the Customer has withdrawn funds subsequent to such credit and, (iii) subsequently, the funds are recalled or uncleared, Clause 4 shall apply to any overdraft created by the withdrawal of funds. (e)

(f)

The Bank shall not be responsible or liable for any act or omission of other banks or third parties (including any other member of the Standard Chartered Group) in any transaction and, in particular, shall not be liable for any delays or losses, charges or expenses which may be incurred. The Customer further acknowledges that it may not receive the full value of a draft, cheque or telegraphic transfer as a result of the deduction of any applicable fee, charges or other restrictions in respect thereof. The Bank may convert all foreign currency deposits or transfers to the Account at the Bank’s prevailing rate for such currency.

(g) In the event the Bank agrees to accept bills, cheques, drafts or instruments drawn on banks outside the UAE (the “Foreign Instruments”) for clearing or collection, the Customer irrevocably and unconditionally acknowledges and agrees as follows: (i)

(ii)

(i)

(2)h ÜÉ°ùëdG »a øFGO ó«≤H CÉ£îdG ≥jôW øY hCG »FÉæãà°SG πµ°ûH ∂æÑdG ΩÉb (1) ∫ÉM »a (O) hCG ∫GƒeC’G ∂∏J OGOôà°SG Ö∏W ∂dP ó©H ºJ (3)h ó«≤dG ∂dP ó©H ∫GƒeC’G Öë°ùH 𫪩dG ΩÉb ≈∏Y Öë°S …CG ≈∏Y 4 óæÑdG ádÉëdG ∂∏J »a …ô°ùj ,AÉÑYC’G øe á«dÉN ô«Z É¡fCG ô¡X .∫GƒeC’G Öë°S øY CÉ°ûæj ±ƒ°ûµªdG ô«¨dG hCG iôNCG ∑ƒæH πÑb øe ±ô°üJ øY ´ÉæàeG hCG ±ô°üJ …CG á«dhDƒ°ùe ∂æÑdG πªëàj ’ (√) πªëàj ’h ,πeÉ©J …CG »a (OôJQÉ°ûJ OQófÉà°S áYƒªée »a ôNBG ƒ°†Y …CG ∂dP »a ɪH) ɪc .ÉgóѵJ ºàj ób ∞jQÉ°üe hCG ∞«dɵJ hCG IQÉ°ùN hCG ô«NCÉJ …CG á«dhDƒ°ùe ¢UÉN πµ°ûH º°üîd áé«àf á«bôH ádGƒM hCG ∂«°T hCG ádɫѪc ájCG ᪫b πeÉc º∏à°ùj ’ ób ¬fCG 𫪩dG ô≤j .∂dòH ≥∏©àJ iôNCG Oƒ«b ájCG hCG IòaÉf QƒLCG hCG Ωƒ°SQ ájCG ô©°S ≥ah ÜÉ°ùëdG ≈dEG á«ÑæLC’G äÓª©dÉH ä’GƒëdG hCG ™FGOƒdG áaÉc πjƒëJ ∂æÑ∏d Rƒéj (h) .∂æÑdG »a óFÉ°ùdG äÓª©dG ∂∏J ±ô°U äGóæ°ùdG hCG ä’GƒëdG hCG äɵ«°ûdG hCG á«dɪdG ¥GQhC’G ∫ƒÑb ≈∏Y ∂æÑdG á≤aGƒe ∫ÉM »a (R) πLCG øe (''á«ÑæLC’G äGóæ°ùdG'') IóëàªdG á«Hô©dG äGQÉeE’G êQÉN ∑ƒæH ≈∏Y áHƒë°ùªdG AɨdEÓd πHÉb ô«Zh •hô°ûe ô«Z πµ°ûH ≥aGƒjh ô≤j 𫪩dG ¿EÉa π«°üëàdG hCG á°UÉ≤ªdG :»∏j Ée ≈∏Y »a äÉ°SQɪªdGh ø«fGƒ≤dG ≈∏Y á«ÑæLC’G äGóæ°ùdG π«°üëJ hCG á°UÉ≤e á«∏ªY óªà©J (1) ;¬«∏Y ܃ë°ùªdG ∂æÑdG ™≤j å«M ádhódG hCG ó∏ÑdG

The Bank may accept foreign instruments for, clearing or collection at its absolute discretion and solely as a facility to the Customer at its request from time to time. The Bank reserves the right to refuse any Foreign Instrument at its discretion or to return any Foreign Instruments at any time;

√QÉ«N ≥ah π«°üëàdG hCG á°UÉ≤ªdG πLCG øe á«ÑæLC’G äGóæ°ùdG ∫ƒÑb ∂æÑ∏d Rƒéj (2) ∂æÑdG ßØàëj .ôNB’ âbh øe ¬Ñ∏W ≈∏Y AÉæH 𫪩∏d π«¡°ùàc kÉjô°üMh ≥∏£ªdG ;âbh …CG »a »ÑæLCG óæ°S …CG IOÉYEG hCG √QÉ«N ≥ah »ÑæLCG óæ°S …CG ¢†aQ »a ≥ëdÉH

The Bank assumes no responsibility for the realization of any Foreign Instrument deposited with it or for the value given by a foreign bank or for any mail or communication delays, loss of mail or courier, operating errors, clearing system delays or losses or for any charge, expense or loss, howsoever caused; and

᪫≤dG øY hCG ¬jód ´Oƒj »ÑæLCG óæ°S …CG ≥≤ëJ øY á«dhDƒ°ùe ájCG ∂æÑdG πªëàj ’ (3) ójôÑdG ´É«°V hCG ä’É°üJ’G hCG ójôÑdG »a ô«NCÉJ …CG hCG »ÑæLCG ∂æH …CG É¡eó≤j »àdG hCG á°UÉ≤ªdG Ωɶf »a ´É«°†dG hCG ô«NCÉàdG hCG á«∏«¨°ûàdG AÉ£NC’G hCG ™jô°ùdG ójôÑdG hCG h ;É¡ÑÑ°S ¿Éc ɪ¡e IQÉ°ùN hCG ±hô°üe hCG áØ∏µJ ájCG øY

(iv) In certain countries, the clearing of cheques may be with recourse and, even when funds have been made available, the drawee bank may return the cheque or recall the funds subsequently.

ÉeóæY ≈àMh ,´ƒLôdG ≥M ™e äɵ«°ûdG á°UÉ≤e ºàJ ¿CG Rƒéj áæ«©e ¿Gó∏H »a (4) ∫GƒeC’G OGOôà°SG Ö∏W hCG ∂«°ûdG IOÉYEG ¬«∏Y ܃ë°ùªdG ∂æÑ∏d Rƒéj ,∫GƒeC’G ôaƒàJ .≥M’ âbh »a

(iii)

(h)

The clearing or collection of foreign instruments is dependent upon the laws and practices of the country or state in which the drawee bank is located;

¿CG ¬æe á≤Ñ°ùe á≤aGƒe ≈∏Y ∫ƒ°üëdG hCG 𫪩dG ≈dEG ≥Ñ°ùe QÉ©°TEG ¬«LƒJ ¿hO ∂æÑ∏d Rƒéj (ê) hCG äɵ«°T hCG ä’GƒM hCG äÓjƒëJ ájCG AɨdEG ºJ GPEG ÜÉ°ùëdG »a Oƒ«b ájCG øY ™LGôàj ≥ëj .¿Éc ÖÑ°S …C’ áYƒaóe ô«Z äó«YCG hCG ÜÉ°ùëdG »a áæFGO Égó«b ≥Ñ°S iôNCG äGóæ°S á≤∏©àªdG ¥ƒ≤ëdG áaÉc á°SQɪeh áYƒaóªdG ô«Z äGóæ°ùdG hCG äɵ«°ûdÉH ®ÉØàM’G ∂æÑ∏d .É¡H

The Bank may, without prior notice to the Customer, reverse any entry made in error and accepts no responsibility for, or liability in respect of, any loss or damage arising out of or relating to such operating errors. In the event the Customer discovers any such error, the Customer shall immediately notify the Bank in writing of such error.

≥jôW øY ºàj ó«b …CG øY ™LGôàj ¿CG 𫪩dG ≈dEG ≥Ñ°ùe QÉ©°TEG ¬«LƒJ ¿hO ∂æÑ∏d Rƒéj (ì) ∂∏J øY CÉ°ûæj Qô°V hCG IQÉ°ùN ájCÉH ≥∏©àJ hCG øY á«dhDƒ°ùe ájCG ∂æÑdG πªëàj ’h CÉ£îdG ∂æÑdG ÆÓHEG ¬«∏©a CÉ£N …CG 𫪩dG ∞°ûàcG GPEG .É¡H ≥∏©àj ɪ«a hCG á«∏«¨°ûàdG AÉ£NC’G .kGQƒa CÉ£îdG ∂dP øY kÉ«£N

Withdrawals from the Account shall be subject to such notice or restrictions as may be applicable from time to time.

.ôNB’ âbh øe IòaÉædG Oƒ«≤dG hCG äGQÉ©°TEÓd ÜÉ°ùëdG øe äÉHƒë°ùdG ™°†îJ (•)

(j)

The Bank may, in its sole discretion, accept instructions allowing a third party to withdraw funds from the Account, but only if such instructions are in a form acceptable to the Bank and on the condition that the Customer shall indemnify the Bank as herein provided or otherwise as required by the Bank.

ÜÉ°ùëdG øe ∫GƒeCG Öë°ùH ô«¨∏d íª°ùJ äɪ«∏©J ∫ƒÑb ≥∏£ªdG √QÉ«N ≥ah ∂æÑ∏d Rƒéj (…) 𫪩dG ΩGõàdG á£jô°Th ∂æÑ∏d áÑ°ùædÉH ∫ƒÑ≤e êPƒªf ≥ah äɪ«∏©àdG √òg ¿ƒµJ ¿CG ≈∏Y ∂æÑdG ¬Ñ∏£j Ée ≥ah hCG ΩɵMC’Gh •hô°ûdG √òg ¬«∏Y ¢üæJ Ée ≥ah ∂æÑdG ¢†jƒ©àH .∂dP ±ÓîH

(k)

The Bank shall have the right to refuse to honour any cheque, instrument or instruction if the signature thereon or any entry, alteration

™«bƒàdG ¿Éc GPEG äɪ«∏©J ò«ØæJ hCG óæ°S hCG ∂«°T …CG ™aO ¢†aQ ∂æÑdG ≥M øe ¿ƒµ«°S (∑)

4

4

or endorsement thereon is not acceptable to the Bank or if the funds in the Account are insufficient there for. However, if the Bank, in its sole discretion, allows an overdraft, the provisions of Clause 4 shall apply.

∫GƒeC’G âfÉc GPEG hCG ∂æÑ∏d áÑ°ùædÉH ∫ƒÑ≤e ô«Z É¡«∏Y ô«¡¶J hCG πjó©J hCG ó«b …CG hCG É¡«∏Y ≈˘∏˘Y Ö뢰ùH ≥˘∏˘£˘ª˘dG √Qɢ«˘N ≥˘ah ∂æ˘Ñ˘dG í˘ª˘°S GPEG ø˘µ˘dh .∂dò˘d »˘Ø˘µ˘ J ’ Üɢ˘°ù뢢dG »˘˘a .óæÑdG ΩɵMCG …ô°ùJ ,±ƒ°ûµªdG (l)

™FGOƒdG áaÉch øe …CG ¢†aQh ¬∏«¨°ûJ ±É≤jEG hCG ÜÉ°ùëdG ó«ªéJ ∂æÑdG ≥M øe ¿ƒµ«°S (∫) •hô°ûdG √òg øe …CÉH ∫ÓNEG ádÉM »a 𫪩dG ¿Éc GPEG äÉHƒë°ùdGh áæFGódG Ió°UQC’Gh hCG áHQÉ°†àe hCG áë°VGh ô«Z ∂æÑdG ≈dEG IQOÉ°U äɪ«∏©J ájCG âfÉc GPEG (1) hCG ΩɵMC’Gh ¿hO ∂dP »a ɪH) äÓeÉ©J ájCG á«Yô°T ΩóY »a ∂æÑdG ∂°T GPEG (2) hCG ,∂æÑ∏d ádƒÑ≤e ô«Z ∂æÑdG Ö∏W GPEG (3) hCG ,(∫GƒeC’G π«°ù¨H á≤∏©àªdG …õcôªdG ∂æÑdG íFGƒ∏d áØdÉîe ájCG ô°üM .¬d ∫ƒÑ≤ªdG iƒàëªdGh êPƒªædG ≥ah á«aÉ°VEG äGóæà°ùe hCG äÉeƒ∏©e hCG äɪ«∏©J ájCG √QÉ«N ≥ah ∂æÑ∏d Rƒéj ,𫪩dG ±ô°üJ âëJ »g áYOƒªdG ∫GƒeC’G ¿CÉH ∂æÑdG QGôbEG ™eh (Ω) IQOÉ°üdG IQƒ°ûªdG/äGOÉ°TQEÓd kÉ≤ah á©jô°û∏d á≤aGƒe á≤jô£H ∫GƒeC’G ΩGóîà°SG ≥∏£ªdG ¬d ≥ëj ’ ¬fCG º¡Øjh ≥aGƒjh 𫪩dG ô≤j ɪc .∂æÑ∏d á©HÉàdG »Yô°ûdG ±Gô°TE’G áæéd øY ™e ¥ÉØJ’G ºàj ºd Ée äÉHÉ°ùëdG øe …CG »a ∫GƒeC’G øe ≥≤ëàJ ìÉHQCG ájCÉH áÑdÉ£ªdG .∂dP ±ÓN ≈∏Y ∂æÑdG ó«°Uô∏d ≈fOC’G óëdGh ±ƒ°ûµªdG ≈∏Y Öë°ùdG -4 »ah .∂æÑdG øe á≤Ñ°ùe á≤aGƒe ¿hO (äÉHÉ°ùëdG) ÜÉ°ùëdG øe ±ƒ°ûµªdG ≈∏Y Öë°ùdG Rƒéj ’ ±ƒ°ûµªdG ≈∏Y áHƒë°ùªdG ≠dÉѪdG áaÉc ¿ƒµJ ,äÉHÉ°ùëdG óMCG øe ±ƒ°ûµªdG ≈∏Y Öë°ùdG ∫ÉM 𫪩dG øe Ö∏W ≈∏Y AÉæHh ≥∏£ªdG √QÉ«N ≥ah ∂æÑ∏d Rƒéj .∂æÑdG É¡Ñ∏£j Ée Qƒa ™aódG áÑLGh ÜÉ°ùM …CG øe ±ƒ°ûµªdG ≈∏Y Öë°ùdG ∫ÉM »ah .𫪩∏d ±ƒ°ûµªdG ≈∏Y Öë°S π«¡°ùJ ô«aƒJ ∂dP »a ∫ÉëdG »a ´Oƒj ¿CÉH 𫪩dG Ωõà∏j ,∂dòH ∂æÑdG ¢†jƒØJ OƒLh ¿hO âbh …CG »a øY kÉàHÉK kɪ°SQ ≈°VÉ≤àj ¿CG ∂æÑ∏d Rƒéj .kÉæFGO ÜÉ°ùëdG ∂dP ó«°UQ π©éd á«aÉc k’GƒeCG ÜÉ°ùëdG ¢†¨H kÉàHÉK º°SôdG ∂dP ¿ƒµj ¿CG ≈∏Y ÜÉ°ùëdG øe ±ƒ°ûµªdG ≈∏Y Öë°ùdG É¡«a ºàj Iôe πc ≈∏Y kÉHƒë°ùe ÜÉ°ùëdG É¡«a ≈≤Ñj »àdG IóªdGh ±ƒ°ûµªdG ≈∏Y ܃ë°ùªdG ≠∏ѪdG øY ô¶ædG .±ƒ°ûµªdG

The Bank shall have the right to freeze or suspend operation of the Account and to refuse any and all deposits, credits and withdrawals if the Customer is in breach of any of these Terms and Conditions or if (i) any instructions given to the Bank are ambiguous, conflicting or not acceptable to the Bank; (ii) if the Bank suspects that there may be any illegality in any transactions (including, without limitation any breach of Central Bank regulations relating to money laundering); or (iii) if the Bank requires any further instructions, information or documentation, in form and content satisfactory to the Bank.

(m) While the Bank acknowledges that the funds deposited are at the disposal of the Customer, the Bank may, at its sole discretion, use the funds in a Shariah compliant manner in accordance with the guidelines/advice issued by the Bank’s Shariah Advisory Committee. Furthermore, the Customer, acknowledges, agrees and understands that the Customer has no right to demand any profits generated through the funds under any of the Accounts, unless agreed otherwise with the Bank. 4.

OVERDRAFTS AND MIMIMUM BALANCES Account(s) may not be overdrawn without the prior consent of the Bank. In the event that an Account is overdrawn, all amounts overdrawn will be immediately repayable upon demand by the Bank. At the request of the Customer, the Bank may at its sole discretion provide an overdraft facility to the Customer. In the event that an Account is in overdraft at any time without such authorisation, the Customer shall immediately deposit into such Account sufficient funds to bring the Account into a credit balance. The Bank may charge a fixed processing fee each time the account is overdrawn, which such fee shall be fixed regardless of the amount overdrawn and the duration for which the Account remains overdrawn.

5.

CURRENT ACCOUNTS (a) The Bank shall be irrevocably authorised to honour and debit to the Current Account all cheques and instruments drawn by the Customer on the Current Account.

ájQÉédG äÉHÉ°ùëdG -5 É¡Ñë°ùj »àdG äGóæ°ùdGh äɵ«°ûdG áaÉc ™aód AɨdEÓd πHÉb ô«Z πµ°ûH kÉ°VƒØe ∂æÑdG ¿ƒµj (CG) .…QÉédG ÜÉ°ùëdG ∂dP ≈∏Y Égó«bh …QÉédG ÜÉ°ùëdG ≈∏Y 𫪩dG

(b) The Customer hereby agrees and undertakes: (i) to protect the chequebook(s) issued by the Bank, and the Customer hereby irrevocably agrees that it assumes full and absolute responsibility and liability in respect of the issuance and use of any cheques and shall be responsible in all cases arising out of theft of the chequebook or the misuse thereof or of any of the cheques contained therein, including forgery, regardless of whether the aforementioned misuse was committed by any employee(s) of the Customer or by any other person, and the Customer shall sustain all the consequences of the default and indemnify and hold the Bank harmless in all respect;

:»∏j ɪH ΩɵMC’Gh •hô°ûdG √òg ÖLƒªH ó¡©àjh 𫪩dG ≥aGƒj (Ü) ¬ÑLƒªH 𫪩dG ≥aGƒj ɪc ,∂æÑdG øY QOÉ°üdG äɵ«°ûdG ôJÉaO/ôàaO ≈∏Y ®ÉØëdG (1) QGó°UEÉH á≤∏©àªdG á≤∏£ªdGh á∏eɵdG á«dhDƒ°ùªdG ¬∏ªëJ ≈∏Y AɨdEÓd πHÉb ô«Z πµ°ûH hCG ábô°S øY CÉ°ûæJ »àdG ä’ÉëdG áaÉc øY k’hDƒ°ùe ¿ƒµ«°Sh äɵ«°T ájCG ΩGóîà°SGh ¢†¨H ,ôjhõàdG ∂dP »a ɪH ,¬«a äɵ«°ûdG øe …CG hCG äɵ«°ûdG ôàaO ΩGóîà°SG IAÉ°SEG hCG 𫪩dG »ØXƒe øe …CG øY IQOÉ°U ôcòdG áØdÉ°S ΩGóîà°S’G IAÉ°SEG ¿ƒc øY ô¶ædG ∂æÑdG ¢†jƒ©àHh ∫ÓNE’G ÖbGƒY áaÉc πªëàH 𫪩dG Ωõà∏jh ,ôNBG ¢üî°T …CG øY ;»MGƒædG áaÉc øe ¬°†jƒ©J ≈∏Y ®ÉØëdGh h ;§≤a ∂æÑdG É¡H √Ohõj »àdG äɵ«°ûdG ΩGóîà°SG (2)

(ii)

to use only the cheques supplied by the Bank; and

(iii)

to indemnify the Bank in respect of the Bank’s acceptance of any stop payment order.

.™aódG ±É≤jE’ ôeCG …C’ ¬dƒÑb øY ∂æÑdG ¢†jƒ©J (3) (c)

ájCG ∫ƒÑb ¢†aôj ¿CG á«dhDƒ°ùe …CG óѵJ hCG ÖÑ°S …CG AÉ£YEG ¿hOh √QÉ«N ≥ah ∂æÑ∏d Rƒéj (ê) ∂«°ûdG ∂dP ∂æÑdG πÑb GPEG øµdh .𫪩dG øe á©bƒe á«£N äɪ«∏©J hCG ä’GƒM hCG äɵ«°T á≤∏©àªdG á«dhDƒ°ùªdG πeÉc 𫪩dG πªëà«a É¡©aóH ΩÉbh äɪ«∏©àdG hCG ádGƒëdG ∂∏J hCG .∂dòH 6.

5

The Bank may at its discretion and without assigning any reason, and without incurring any liability whatsoever for doing so, refuse to honour any cheques, draft or written instructions signed by the Customer. If the Bank, however, does honour and pay such cheque, draft or written instruction, the Customer shall assume full responsibility and liability in respect thereof.

MUDARABA ACCOUNTS (a) The Customer may, at any time in accordance with these Terms and 5

Conditions, place funds (the “Mudaraba Funds”) to the credit of a Mudaraba Account, which shall be managed and invested on a Mudaraba basis by the Bank in Islamic Shariah Compliant Assets (the “Mudaraba Assets”). (b) The profits from the Mudaraba Assets (the “Mudaraba Profits”) shall be allocated between the Bank and the Customer at the end of the period for which Mudaraba Profits are being calculated (the “Profit Allocation Period”), as follows: (i)

(ii)

the remaining Mudaraba Profit, after deduction of the Manager’s Profit Share (the “Profit Amount”), shall be allocated amongst the Customers at the end of each Profit Allocation Period by reference to the weightages (the “Profit Weightages”) determined by the Bank in respect of each Category at the commencement of each Profit Allocation Period and the average balance maintained by the Customer in its Mudaraba Account during the Profit Allocation Period calculated on a daily product basis. The Customer’s share of the profit will be determined in accordance with the per annum rate (the “Profit Rate”) applicable to the relevant Category to which the Customer belongs.

(iii)

The Manager’s Profit Share and the Profit Weightages applicable to each Category shall be determined by the Bank at the commencement of every Profit Allocation Period.

(iv)

The updated and prevailing Manager’s Profit Share and Profit Weightages applicable to each Category will be available at the Bank’s website, displayed in the Bank’s branches, may be obtained from the Bank from time to time and/or shall be communicated to the Customer in any other mode, whether electronic or otherwise, in accordance with the Bank’s prevailing practices. The Bank reserves the right to vary the Manager’s Profit Share and/or the Profit Weightage from time to time in accordance with the prevailing regulations and/or directives applicable to it, such variation shall be deemed to be effective upon the commencement of the Profit Allocation Period immediately succeeding such variation. The Customer shall deemed to have accepted such variation if the Bank does not receive any notice to the contrary within 7 days from the issuance of such notice.

(v)

(c)

in consideration of the services provided by the Bank hereunder, the Bank shall be entitled to a pre-determined proportion of the Mudaraba Profits which have accrued during the relevant Profit Allocation Period as its management compensation (the “Manager’s Profit Share”);

The Profit Amount payable by the Bank to the Customer shall be paid to the Customer in accordance with the terms agreed in the account opening form or as otherwise advised by the Bank from time to time.

The Customer may withdraw the Mudaraba Funds from the Mudaraba Term Account prior to expiry of the applicable Mudaraba Term Period, subject to the following conditions: (i)

the Customer shall give seven days advance written notice of such withdrawal to the Bank;

(ii)

only the whole (and not part of) the Mudaraba Funds may be withdrawn;

(iii)

if the date on which the withdrawal is effected (the “Withdrawal Date”) occurs within thirty days from the date the Mudaraba 6

áHQÉ°†ªdG äÉHÉ°ùM -6 ∫Gƒ˘eCG'') k’Gƒ˘eCG ´Oƒ˘j ¿CG Ωɢµ˘MC’Gh •hô˘°ûdG √ò˘¡˘d kɢ≤˘ahh âbh …CG »˘˘a π˘˘«˘ ª˘ ©˘ ∏˘ d Rƒ˘˘é˘ j (CG) ≈∏Y ∫GƒeC’G ∂∏J Qɪãà°SGh IQGOEÉH ∂æÑdG Ωƒ≤jh áHQÉ°†ªdG ÜÉ°ùM ó«°UQ »a (''áHQÉ°†ªdG .(''áHQÉ°†ªdG ∫ƒ°UCG'') á«eÓ°SE’G á©jô°û∏d á≤aGƒªdG ∫ƒ°UC’G »a áHQÉ°†ªdG ¢SÉ°SCG »a 𫪩dGh ∂æÑdG ø«H ɪ«a (''áHQÉ°†ªdG ìÉHQCG'') áHQÉ°†ªdG ∫ƒ°UCG øe ìÉHQC’G ´RƒJ (Ü) :»∏j ɪc (''ìÉHQC’G ™jRƒJ Ióe'') É¡æY áHQÉ°†ªdG ìÉHQCG Ö°ùàëJ »àdG IóªdG ájÉ¡f ≈∏Y ΩɵMC’Gh •hô°ûdG √òg ÖLƒªH É¡eó≤j »àdG äÉeóîdG πHÉ≤e ∂æÑdG π°üëj (1) ìÉHQC’G ™jRƒJ Ióe ∫ÓN á≤≤ëàªdG áHQÉ°†ªdG ìÉHQCG øe kÉ≤Ñ°ùe IOóëe áÑ°ùf ;(''ìÉHQC’G øe ôjóªdG á°üM'') ¬d IQGOEG ¢†jƒ©àc á«æ©ªdG ìÉHQC’G øe ôjóªdG á°üM º°üN ó©H áHQÉ°†ªdG ìÉHQCG øe »≤ÑàªdG ≠∏ѪdG ´Rƒj (2) áÑ°ùædG ≈∏Y AÉæH ìÉHQCG ™jRƒJ Ióe πc ájÉ¡f »a AÓª©dG ≈∏Y (''ìÉHQC’G ≠∏Ñe'') πc ájGóH »a áÄa πµd áÑ°ùædÉH ∂æÑdG ÉgQô≤j »àdG (''IOóëªdG íHôdG áÑ°ùf'') IOóëªdG Üɢ°ùM »˘a π˘«˘ª˘©˘dG ¬˘«˘∏˘Y ߢaɢM …ò˘dG 󢫢°Uô˘dG ∫󢩢e ≈˘∏˘Yh ìɢHQCG ™˘˘jRƒ˘˘J Ió˘˘e è˘Jɢæ˘dG ¢Sɢ°SCG ≈˘∏˘Y kɢHƒ˘°ùë˘e ìɢHQC’G ™˘jRƒ˘J Ió˘e ∫Ó˘N ¬˘H ¢Uɢî˘dG á˘HQɢ°†ª˘˘dG (''íHôdG ∫ó©e'') …ƒæ°ùdG ∫ó©ª∏d kÉ≤ah ìÉHQC’G øe 𫪩dG á°üM OóëàJ .»eƒ«dG .𫪩dG É¡«dEG »ªàæj »àdG á«æ©ªdG áÄØdG ≈∏Y ≥Ñ£ªdG íHôdG áÑ°ùfh ìÉHQC’G øe ôjóªdG á°üM ìÉHQCG ™jRƒJ Ióe πc ájGóH »a ∂æÑdG Oóëj (3) .áÄa πc ≈∏Y á≤Ñ£ªdG IOóëªdG Ö°ùfh ìÉHQC’G øe ôjóªdG á°üëd áÑ°ùædÉH IóFÉ°ùdGh á«dÉëdG äÉeƒ∏©ªdG ôaƒàJ (4) ´hôa »a ôgÉX ¿Éµe »ah âfôàfE’G ≈∏Y ∂æÑdG ™bƒe ≈∏Y áÄa πµd IOóëªdG íHôdG ≈dEG É¡dÉ°SQEG ºàj hCG/h ôNB’ âbh øe ∂æÑdG øe É¡«∏Y ∫ƒ°üëdG øµªj ɪc ∂æÑdG äÉ°SQɪª∏d kÉ≤ah ∂dP ô«Z hCG á«fhôàµdG âfÉc AGƒ°S iôNCG á≤jôW ájCÉH 𫪩dG hCG/h ìÉHQC’G øe ôjóªdG á°üM πjó©J »a ≥ëdÉH ∂æÑdG ßØàëj .∂æÑdG »a IóFÉ°ùdG ájQÉ°ùdG äÉ¡«LƒàdG hCG/h IòaÉædG íFGƒ∏d kÉ≤ah ôNB’ âbh øe IOóëªdG íHôdG áÑ°ùf ∂dP ƒ∏àJ »àdG ìÉHQC’G ™jRƒJ Ióe ájGóH øe kGQÉÑàYG kGòaÉf πjó©àdG ∂dP ôÑà©jh ¬«∏Y QÉ©°TEG …CG ∂æÑdG n≥∏àj ºd GPEG πjó©àdG ∂dòH πÑb ób 𫪩dG ¿CG ôÑà©j .Iô°TÉÑe πjó©àdG .QÉ©°TE’G ∂dP QGó°UEG ïjQÉJ øe ΩÉjCG á©Ñ°S ∫ÓN ∂dP ±ÓîH »a É¡«∏Y ≥ØàªdG •hô°û∏d kÉ≤ah 𫪩dG ≈dEG ∂æÑdG øe ≥ëà°ùªdG íHôdG ≠∏Ñe Oó°ùj (5) .ôNB’ âbh øe 𫪩dG ∂æÑdG É¡H ≠∏Ñj »àdG á≤jô£dÉH hCG ÜÉ°ùëdG íàa êPƒªf Ió˘e á˘jɢ¡˘f π˘Ñ˘b π˘LC’ á˘HQɢ°†ª˘dG Üɢ°ùM ø˘e á˘HQɢ°†ª˘dG ∫Gƒ˘eCG Ö뢰S π˘«˘ª˘©˘∏˘d Rƒ˘˘é˘ j (ê) :á«dÉàdG •hô°ûdÉH ΩGõàd’G ™e IòaÉædG áHQÉ°†ªdG ¢Uƒ°üîH ΩÉjCG á©Ñ°S ¬Jóe kÉ≤Ñ°ùe kÉ«£N kGQÉ©°TEG ∂æÑdG ≈dEG ¬Lƒj ¿CÉH 𫪩dG Ωõà∏j (1) ;Öë°ùdG ∂dP ;(É¡æe kGAõL ¢ù«dh) §≤a áHQÉ°†ªdG ∫GƒeCG πeÉc Öë°S Rƒéj (2) øe kÉeƒj ø«KÓK ∫ÓN (''Öë°ùdG ïjQÉJ'') Öë°ùdG ¬«a ºàj …òdG ïjQÉàdG ™bh GPEG (3) ’ (''´GójE’G ïjQÉJ'') πLC’ áHQÉ°†ªdG ÜÉ°ùM »a áHQÉ°†ªdG ∫GƒeCG ´GójEG ïjQÉJ h ;á«æ©ªdG ìÉHQC’G ™jRƒJ Ióe øY ìÉHQCG ájCG ≈∏Y ∫ƒ°üëdG 𫪩dG ≥ëà°ùj íHôdG ∫ó©e ≈∏Y AÉæH Ö°ùàëj kÉëHQ iôNC’G ä’ÉëdG áaÉc »a 𫪩dG ≥ëà°ùj (4) íHôdG ∫ó©e'') Öë°ùdG ïjQÉJ â≤Ñ°S á∏eÉc áHQÉ°†e Ióe ôNBG ≈∏Y ≥Ñ£ªdG »æ©ªdG øe kGQÉÑàYG ≈°†e πeÉc ô¡°T πc ≈∏Y Gòg ∫ó©ªdG íHôdG ∫ó©e ≥Ñ£j .(''∫ó©ªdG .Öë°ùdG ïjQÉJ ≈àMh ´GójE’G ïjQÉJ ó¡©J hCG ádÉØc ¬fCG ≈∏Y ô°ùØ«°S ΩɵMC’Gh •hô°ûdG √òg »a A»°T ’ ¿CG 𫪩dG ô≤j (O) 6

Funds were deposited in the Mudaraba Term Account (the “Deposit Date”), the Customer shall not be entitled to any profit for the relevant Profit Allocation Period; and

πeÉc hCG AõL …C’ OGó°S IOÉYEG …CG hCG áfƒª°†e ìÉHQCG ájCG ¢Uƒ°üîH ∂æÑdG ±ôW øe É¡«a ɪH) áHQÉ°†ªdG ÜÉ°ùM »a ™FGOƒdG áaÉc ¿CG 𫪩dG º∏©j .áHQÉ°†ªdG ∫GƒeCG çóëJ IQÉ°ùN ájCG øY CÉ°ûæJ ób á∏ªàëe ôFÉ°ùîd á°Vô©e (á«∏°UC’G áHQÉ°†ªdG ∫GƒeCG ∫GƒeCÓd »°SÉ°SC’G ≠∏ѪdG ≈∏Y ≈àM ôKDƒJ ób ôFÉ°ùîdG √òg ¿CGh áHQÉ°†ªdG ∫ƒ°UCG »a .áHQÉ°†ªdG ÜÉ°ùM »a AÓª©dG É¡YOƒj »àdG

(iv)

™jRƒJ Ióe ájCG »a áHQÉ°†ªdG ∫GƒeCG »a çóëJ ôFÉ°ùN ájCG √óMh 𫪩dG πªëàj (√) ºà«a áHQÉ°†ªdG ∫ƒ°UCG »a kÉæ«©e kɨ∏Ñe kÉ°†jCG ôªãà°SG ób ∂æÑdG ¿Éc GPEG øµdh ,ìÉHQCG »àdG ≠dÉ˘Ñ˘ª˘∏˘d kɢ≤˘ah ∂æ˘Ñ˘dGh π˘«˘ª˘©˘dG ø˘«˘H ɢª˘«˘a Ö°Sɢæ˘à˘dɢH ô˘Fɢ°ùî˘dG ∂∏˘J º˘°Sɢ≤˘J ∫ÓN ôFÉ°ùîdG √òg çhóM ∫ÉM »ah .áHQÉ°†ªdG ∫ƒ°UCG »a ɪ¡æe πc Égôªãà°SG ™jRƒJ Ióe øY ìÉHQC’G øe ôjóªdG á°üM ∂æÑdG ≥ëà°ùj Óa ,ìÉHQCG ™jRƒJ Ióe ájCG .á«æ©ªdG ìÉHQC’G

(d) The Customer acknowledges that nothing in these Terms and Conditions shall be construed as being a warranty or a representation by the Bank of any guaranteed profits, or any guaranteed repayment of any part or the entire portion, in respect of the Mudaraba Funds. The Customer is aware that all deposits in the Mudaraba Account (including the original Mudaraba Funds) are exposed to potential losses arising out of a loss incurred in respect of a Mudaraba Assets and that such losses may even affect the principal amount of the funds deposited by the Customers in the Mudaraba Account.

∫ƒ°UC’G áÑ«côJ ≈∏Y (±òM hCG áaÉ°VEG …CG ∂dP »a ɪH) ô««¨J …CÉH ΩÉ«≤dÉH ∂æÑdG ÖZQ GPEG (h) kÉ≤ah ∂dòH Ωƒ≤j ¿CG ∂æÑ∏d ¿EÉa ,Éæg OQGƒdG 1 ∫hóédG »a á«eÓ°SE’G á©jô°ûdG ™e á≤aGƒàªdG .𫪩dG ≈∏Y kÉÑ∏°S ôKDƒj ød ∂æÑdG ¬H Ωƒ≤j ô««¨J …EG ¿EG .¢UÉîdG √ôjó≤àd

(e)

Any losses incurred on the Mudaraba Funds during a Profit Allocation Period shall be borne solely by the Customer. If, however, the Bank has also invested a certain sum in the Mudaraba Assets then such losses shall be shared between the Customer and the Bank proportionately in accordance with the respective amounts invested by the Customer and the Bank in the Mudaraba Assets. In the event that such losses occur during a Profit Allocation Period, the Bank shall not be entitled to the Manager’s Profit Share in respect of the relevant Profit Allocation Period.

(f)

In the event that the Bank intends to make a variation (including any addition or deletion) to the composition of Islamic Shariah Compliant Assets in Schedule 1 hereof, the Bank shall do so at its own discretion. Any variation, if made by the Bank, will not adversely affect the customer.

IÉcõdG ™aO ¢Uƒ°üîH 𫪩dG QGôbEG -7 ≈∏Y á≤ëà°ùe IÉcR ájCG ™aO øY …ô°üM πµ°ûH ’k hDƒ°ùe ¿ƒµ«°S ¬fCÉH ¬ÑLƒªH 𫪩dG ô≤j .ÜÉ°ùëdG »a ó«°UôdG ácôà°ûªdG äÉHÉ°ùëdG -8 8 óæÑdG Gòg πµ°ûj (''¿ƒcôà°ûªdG AÓª©dG'') ôãcCG hCG óMGh π«ªY º°SÉH ÜÉ°ùëdG íàa ºJ GPEG (CG) ø«H ɪ«a á«bÉØJG πµ°ûj ɪc ø«©ªàéeh iOGôa ø«côà°ûªdG AÓª©dG ø«H ɪ«a á«bÉØJG •hô°ûdG √òg »a iôNC’G ΩɵMC’G ≈dEG áaÉ°VE’ÉH …ô°ùjh ∂æÑdGh ø«côà°ûªdG AÓª©dG .ΩɵMC’Gh AÓª©dG πÑb øe (''∑ôà°ûªdG ÜÉ°ùëdG'') ∑ôà°ûe ÜÉ°ùëH á°UÉîdG äɪ«∏©àdG QGó°UEG Rƒéj (Ü) ™bƒªdG ¢üî°ûdG ídÉ°üd Öë°ùdG ∂dP »a ɪH) ÜÉ°ùëdG íàa êPƒªf »a ºgójóëJ ºJ øjòdG AÓª©dG πÑ˘≤˘jh (π˘«˘ª˘©˘dG Iɢah ∫ɢM »˘a ø˘FGó˘dG 󢫢°Uô˘dG ™˘jRƒ˘Jh äɢª˘«˘∏˘©˘à˘dG ∂∏˘J ≈˘∏˘Y ∂æÑdG É¡H Ωƒ≤j »àdG äÉaô°üàdG áaÉc ≈∏Y ¿ƒbOÉ°üjh Iô≤ØdG √òg ÖLƒªH ¿ƒcôà°ûªdG .äɪ«∏©àdG ∂∏J ≈∏Y AÉæH ºàj iôNCG á«dhDƒ°ùe ájCGh) ¿Éc ÖÑ°S …C’ ÜÉ°ùëdG ≈∏Y CÉ°ûæj øjóe ó«°UQ …CG ¿ƒµj (ê) ájCG AGôHEG ºàj ødh ø«côà°ûªdG AÓª©dG áaÉc ≈∏Y ájOôah á«YɪL á«dhDƒ°ùe (ÉgóѵJ óMGƒd á«fƒfÉ≤dG á«∏gC’G ¿Gó≤a hCG IÉah óæY ôNBG πµ°ûH ôKCÉàJ ødh ´ƒædG Gòg øe á«dhDƒ°ùe .ø«côà°ûªdG AÓª©dG øe ôãcCG hCG øe ôãcCG hCG óMGh º°SÉH ™aO ôeCG hCG ádGƒM hCG óæ°S hCG ∂«°T …CG ∫ƒÑ≤d kÉ°VƒØe ∂æÑdG ¿ƒµj (O) .ÜÉ°ùëdG »a √ó«b hCG ¬YGójE’ ø«côà°ûªdG AÓª©dG ¿hOh √QÉ«N ≥ah ™àªà«°Sh ™àªàj ∂æÑdG ¿CG ≈∏Y áMGô°U ¿ƒcôà°ûªdG AÓª©dG ≥aGƒj (√) ∑ôà°ûªdG ÜÉ°ùëdG ≈∏Y øgQ …CG ò«ØæJ ≥ëH ø«côà°ûªdG AÓª©dG øe …CG ≈dEG QÉ©°TEG ¬«LƒJ ,áWhô°ûe hCG á«∏©a) ≠dÉÑe ájCG ájƒ°ùàd ¬æe AõL …CG hCG øFGódG ó«°UôdG πeÉc ΩGóîà°SGh ∂æÑdG ≈dEG ø«côà°ûªdG AÓª©dG áaÉc hCG øe …CG É¡H øjój ób (á≤ëà°ùe ô«Z hCG á≤ëà°ùe .ÜÉ°ùëdG ó«°UQ øe á«fƒjóªdG √òg ≠∏Ñe á°UÉ≤eh

in all other cases, the Customer shall be entitled to profit calculated by reference to the relevant Profit Rate applicable to the last completed Mudaraba Term Period preceding the Withdrawal Date (“Revised Profit Rate”). Such Revised Profit Rate shall be applied to each completed month elapsed from the Deposit Date up to the Withdrawal Date.

7.

CUSTOMER ACKNOWLEDGMENT REGARDING PAYMENT OF ZAKAT The Customer hereby acknowledges that he or it shall be solely responsible for paying any Zakat due on the balance in the Account.

8.

JOINT ACCOUNTS (a) If the Account is opened in the name of one or more Customers (the “Joint Customers”), this Clause 8 shall constitute an agreement between the Joint Customers, jointly and severally, as well as between the Joint Customers and the Bank and shall be applicable in addition to the other provisions of these Terms and Conditions. (b) Instructions in respect of a joint Account (the “Joint Account”) may be given by such of the Customers as are specified in the account opening form (including withdrawal in favour of the signatory thereof and the allocation of the credit balance in the case of the demise of a Customer) and the Joint Customers hereby accept and ratify all actions carried out by the Bank pursuant to such instructions. (c) Any debit balance arising on the Account for any reason (and any other liability that may be incurred) will be the joint and several responsibility of all the Joint Customers. Any such liability will not be discharged or otherwise affected by the death or incapacity of any one or more of the Joint Customers.

≈dEG ÜÉ°ùëdG íàa êPƒªf »a áeó≤ªdG äÉeƒ∏©ªdG ≈∏Y OɪàY’G »a ôªà°ùj ¿CG ∂æÑ∏d Rƒéj (h) ¿CG ≈dEGh ø«côà°ûªdG AÓª©dG øe ôãcCG hCG óMGh πÑb øe ∂dP ±ÓîH √QÉ©°TEG ºàj ¿CG .kÉjQhô°V ∂dP iCGQ ¿EG ∂dòH ¿hôKCÉà«°S º¡fCG ó≤à©j øe ™«ªL ÆÓHEG ™«£à°ùj

(d) The Bank shall be authorised to accept for deposit or credit to the Account any cheque, instrument, transfer or payment order in the name of one or more of the Joint Customers.

ÜÉ°ùëdG ≈∏Y ™«bƒàdÉH ∫ƒîªdG hCG ¢VƒØªdG ¢üî°û∏d Rƒéj ¬fCG ¿ƒcôà°ûªdG AÓª©dG ô≤j (R)

(e)

7

The Joint Customers expressly agree and consent that the Bank has and shall have the right, in its discretion and without notice to any of the 7

Joint Customers, to assert a lien on the Joint Account and apply all credit balance or any part thereof in setting off any (actual, contingent, matured or unmatured) sums that may be owing to the Bank from any or all of the Joint Customers and to set-off the amount of such indebtedness to the balance of the Account.

hCG »°üî°ûdG ¬HÉ°ùM ≈dEG ¬æe AõL …CG hCG ÜÉ°ùëdG »a øFGódG ó«°UôdG πjƒëJ Ö∏£j ¿CG π˘Hɢ≤˘e ¿É˘ª˘°†c ¬˘æ˘e Aõ˘L …CG hCG Üɢ°ùë˘∏˘d ø˘FGó˘dG 󢫢°Uô˘dG ø˘gQ ¬˘d Rƒ˘é˘ j ɢ˘ª˘ c √ô˘˘eC’ .ô«¨∏d hCG ¢üî°ûdG ∂dòd áMƒæªªdG á«fɪàF’G äÓ«¡°ùàdG :π«ªY …CG IÉah ∫ÉM »ah ,(ê) 8 óæÑdG ΩɵMCG øY kɪZQ (ì)

(f)

The Bank may continue to rely upon the information provided in the account opening form until it is notified to the contrary by any one or more of the Joint Customers and, if it deems necessary, has been able to advise everyone whom it considers to be affected by it.

(g) The Joint Customers acknowledge that the Authorised Person or signatory to the Account may order any transfer of the credit balance of Account or any part thereof to his own personal account or order, and may charge the credit balance of this Account or any part thereof as security for credit facilities granted to such person or to third parties. (h)

Notwithstanding the provisions of Clause 8(c), in the event of the demise of a Customer: (i)

(ii)

9.

the Bank shall be entitled to assume that the deceased Customer’s portion in the credit balance of the Account is proportionate to the number of Customers operating such Joint Account (the “Customer’s Portion”) and shall distribute the Customer’s Portion in accordance with such valid instructions received by the Bank by such persons authorised by the laws of succession for the time being applicable in the UAE; and the surviving Customers shall not be entitled to utilise the deceased Customer’s Portion, unless the deceased Customer had provided otherwise under Clause 8(b).

FOREIGN CURRENCY ACCOUNT (a) Unless the Bank otherwise agrees, withdrawals from an Account denominated in a foreign currency may only be made by the Bank’s drafts, cheques or telegraphic transfers. (b) The Account is payable solely at the branch of the Bank at which the Account is established.

10.

CARDS AND OTHER SERVICES (PERSONAL ACCOUNTS) (a) In the event the Bank issues an Automated Teller Machine (ATM) or debit card (the “Card”) the following terms and conditions shall apply to the use of the Card, in addition to any specific terms which may be separately notified: (i)

The Card is issued at the discretion of the Bank and will at all times remain the property of the Bank. The Customer shall surrender the Card upon closure of the Account or upon demand by the Bank.

(ii)

The Bank may, from time to time, amend the nature and scope of the services provided in relation to the Card and may discontinue any services at any time. The Customer shall keep the personal identification number (the “PIN”) confidential at all times. Any use of the Card or PIN shall be deemed to have been made by the Customer. The Customer will immediately notify the Bank in the event of loss or theft of the Card or of an unauthorised acquisition of the PIN. The Customer shall remain responsible for all Card transactions, effected by use of the Card, Card number or PIN until such time as the Bank confirms that it has received notice of loss or theft from the Customer.

(iii)

(iv)

The Bank’s records of all Card transactions shall be conclusive and binding on the Customer. The amount stated on any ATM 8

Ö°SÉæàJ øFGódG ÜÉ°ùëdG ó«°UQ »a »aƒàªdG 𫪩dG áÑ°ùf ¿CG ¢VGôàaE’G ∂æÑ∏d ≥ëj (1) ´RƒJ ±ƒ°Sh ''𫪩dG áÑ°ùf'' ∑ôà°ûªdG ÜÉ°ùëdG ∂dP ¿ƒ∏¨°ûj øjòdG AÓª©dG OóY ™e ¢UÉî°TC’G øe ∂æÑdG É¡ª∏à°ùj »àdG áë«ë°üdG äɪ«∏©àdG Ö°ùM √òg 𫪩dG áÑ°ùf á«Hô©dG äGQÉeE’G »a kÉ«dÉM á≤Ñ£e »g ɪc çGô«ªdG ø«fGƒb ÖLƒªH ø«°VƒØªdG .IóëàªdG ìô°U ób »aƒàªdG 𫪩dG ¿Éc GPEG ’EG 𫪩dG áÑ°ùf ∫ɪ©à°SG ø«bÉÑdG AÓª©∏d ≥ëj ’ (2) .(Ü) 8 óæÑdG âëJ ∂dP ±ÓN á«ÑæLCG á∏ª©H ÜÉ°ùëdG -9 ≥jôW øY á«ÑæLCG á∏ª©H ÜÉ°ùM øe äÉHƒë°ùdG ºàJ ,∂dP ±ÓN ≈∏Y ∂æÑdG ≥aGƒj ºd Ée (CG) .§≤a á«bôÑdG ¬J’GƒM hCG ¬Jɵ«°T hCG ∂æÑdG ä’ɫѪc .ÜÉ°ùëdG íàa ¬«a ºJ …òdG ∂æÑdG ´ôa »a kGô°üM ÜÉ°ùëdG øe ™aódG ºàj (Ü) (á«°üî°ûdG äÉHÉ°ùëdG) iôNC’G äÉeóîdGh äÉbÉ£ÑdG -10 •hô°ûdG …ô°ùJ (''ábÉ£ÑdG'') º°üN ábÉ£H hCG »dBG ±Gô°U ábÉ£Ñd ∂æÑdG QGó°UEG ∫ÉM »a (CG) QÉ©°TE’G ºàj á°UÉN •hô°T ájCG ≈dEG áaÉ°VE’ÉH ábÉ£ÑdG ΩGóîà°SG ≈∏Y á«dÉàdG ΩɵMC’Gh :π°üØæe πµ°ûH É¡H 𫪩dG Ωõà∏j .äÉbhC’G áaÉc »a ¬d kɵ∏e ≈≤ÑJh ∂æÑdG QÉ«N ≥ah ábÉ£ÑdG Qó°üJ (1) .∂dP ∂æÑdG Ö∏£j ÉeóæY hCG ÜÉ°ùëdG ¥ÓZEG óæY ábÉ£ÑdG º«∏°ùàH ɪ«a áeó≤ªdG äÉeóîdG ¥É£fh á©«ÑW πjó©àH ôNB’ âbh øe Ωƒ≤j ¿CG ∂æÑ∏d Rƒéj (2) .âbh …CG »a äÉeóN ájCG ±É≤jEG ¬d Rƒéj ɪc ábÉ£ÑdÉH ≥∏©àj ∞˘jô˘©˘à˘dG º˘bQ'') »˘°üûdG ∞˘jô˘©˘à˘dG º˘bQ á˘jô˘°S ≈˘∏˘Y ®É˘Ø˘ë˘dɢH π˘«˘ª˘©˘dG Ωõ˘à˘ ∏˘ j (3) ∞jô˘©˘à˘dG º˘bô˘d hCG á˘bɢ£˘Ñ˘∏˘d ΩGó˘î˘à˘°SG …CG ô˘Ñ˘à˘©˘j .äɢbhC’G á˘aɢc »˘a (''»˘°üûdG »a QƒØdG ≈∏Y ∂æÑdG ΩÓYEÉH 𫪩dG Ωõà∏j .𫪩dG πÑb øe ºJ ¬fCG ≈∏Y »°üî°ûdG ∞jô©àdG ºbQ ≈∏Y ¢UÉî°TC’G óMCG ∫ƒ°üM hCG É¡àbô°S hCG ábÉ£ÑdG ´É«°V ∫ÉM ábÉ£ÑdG äÓeÉ©J áaÉc øY k’hDƒ°ùe 𫪩dG ≈≤Ñj .¬H ìô°üe ô«Z πµ°ûH »°üî°ûdG ø«M ≈dEG »°üî°ûdG ∞jô©àdG ºbQ hCG ábÉ£ÑdG ºbQ hCG ábÉ£ÑdG ΩGóîà°SÉH ºàJ »àdG .𫪩dG øe ábô°ùdG hCG ´É«°†dG QÉ©°TE’ ¬eÓà°SG ∂æÑdG ó«cCÉJ ’h ,𫪩∏d áeõ∏eh á«FÉ¡f ábÉ£ÑdG äÓeÉ©J áaɵH á°UÉîdG ∂æÑdG äÓé°S ôÑà©J (4) kÓ«dO ´ƒÑ£e ∫É°üjEG …CG hCG »dBG ±Gô°U …CG á°TÉ°T ≈∏Y ô¡¶j …òdG ≠∏ѪdG ôÑà©j .∂æÑdG iód ÜÉ°ùëdG ™°Vh ≈∏Y kÉ«FÉ¡f πµ°ûH º∏°ùJ hCG »dBG ±Gô°U …CG »a ™aóJ »àdG ´GójE’G äÉØ∏¨e áaÉc ¿CG 𫪩dG ô≤j (5) …òdG ∫É°üjE’G ø«Ñj .∂æÑdG »ØXƒe øe ø«æKG Qƒ°†ëH É¡ëàa ºà«°S ∂æÑdG ≈dEG ôNBG ôÑà©j .kÉ«FÉ¡f ºbôdG Gòg ôÑà©j ’h 𫪩dG ¬∏NOCG …òdG ºbôdG »dB’G ±Gô°üdG √Qó°üj ó«≤j .¬YGójEG ºJ …òdG ≠∏ѪdG πãªjh kÉë«ë°U ∂æÑdG ¬ª∏à°SG …òdG ≠∏ѪdÉH ∂æÑdG πé°S ,´GójE’G ïjQÉàd »dÉàdG πª©dG Ωƒj »a ÜÉ°ùëdG »a ¬YGójEG ºàj …òdG …ó≤ædG ≠∏ѪdG •hô°ûdG √òg ¬«∏Y ¢üæJ ɪd kÉ≤ah äGOGôjE’G ≥≤ëàd ™°†îàa áYOƒªdG äɵ«°ûdG ÉeCG .ΩɵMC’Gh hCG ∫ɵ°TC’G øe πµ°T …CÉH ábÉ£ÑdG ∫ƒÑb ΩóY ∫ÉM »a á«dhDƒ°ùe ájCG ∂æÑdG πªëàj ’ (6) 8

screen or printed receipt or slip should not be conclusive of the state of the Account with the Bank.

hCG í«ë°U πµ°ûH ¬∏ªY ΩóY hCG »dB’G ±Gô°üdG »a »µ«fɵ«e π£Y OƒLh ∫ÉM »a .¬«a IOƒLƒªdG ∫GƒeC’G ájÉØc ΩóY (v)

The Customer acknowledges that all deposit envelopes paid into any ATM machine or otherwise delivered to the Bank will be opened in the presence of two Bank staff members. The slip issued by the ATM machine will state the figure typed by the Customer and is not conclusive. The Bank’s record of the amount received by the Bank shall be considered correct and will be deemed to be the amount deposited. Cash deposited will be credited to the Account, the working day following the date of the deposit. Any cheques deposited shall be subject to realisation of proceeds as provided herein.

(vi)

The Bank shall not be liable if the Card is not honoured or accepted in any manner or if there is any mechanical defect in or malfunction of or insufficiency of funds in the ATM.

(vii)

ød .ÜÉ°ùëdG øe ∫GƒeC’G πjƒëJ »a §«°Sƒc ±ô°üà«°S ∂æÑdG ¿CÉH 𫪩dG ô≤j (2) áë°U ¢Uƒ°üîH ≥«≤ëJ hCG ´Gõf …CG »a kÉaôW ¿ƒµj ødh á«dhDƒ°ùe ájCG ∂æÑdG πªëàj .áeóN hCG á©aO ájCG hCG ≥aGôªdG IQƒJÉa

Without prejudice to any of the Clauses, the Bank shall debit the customer’s account with the amount of any withdrawal / transfer, payment of telephone, water, electricity bills / payment for goods and services at point of sale (POS) terminals and all such payments as effected by the use of the debit Card, along with the related bank charges.

(3) áKÓK ¥ô¨à°ù«°S ∂æÑdG ∫ÓN øe ≥aGôªdG ô«JGƒa ™aO ¿CÉH áMGô°U 𫪩dG ô≤j (3) øe ócCÉàdG øY k’hDƒ°ùe 𫪩dG ¿ƒµ«°S ∂dòdh ,IQƒJÉØdG ájƒ°ùàd πbC’G ≈∏Y πªY ΩÉjCG ájC’ ´É£≤fG hCG ≥«∏©J …CG á«dhDƒ°ùe ∂æÑdG πªëàj ød .܃∏£ªdG âbƒdG »a OGó°ùdG ô«Z hCG ¬«a ô«NCÉàdG hCG OGó°ùdG ≠∏Ñe »a ¢ü≤f øY ∂dP ºéf AGƒ°S ≥aGôe äÉeóN .∂dP

(b) In the event the Bank provides utility bill payment facilities to the Customer (whether by Card, telephone, electronic or internet banking services or otherwise) the following terms and conditions shall apply, in addition to any specific terms which may be separately notified;

OGó°S hCG πjƒëJ/Öë°S …CG ≠∏Ñe ó«≤H ∂æÑdG Ωƒ≤«°S ,OƒæÑdG øe …CÉH ¢SÉ°ùªdG ¿hO (7) •É≤f »a äÉeóîdGh ™FÉ°†ÑdG ᪫b OGó°S/AÉHô¡µdG hCG AɪdG hCG ∞JÉ¡dG ô«JGƒØd ≈dEG áaÉ°VE’ÉH º°üîdG ábÉ£H ΩGóîà°SÉH ºàJ »àdG iôNC’G äÉ©aódG áaÉch ™«ÑdG .𫪩dG ÜÉ°ùM ≈∏Y É¡H á≤∏©àªdG ∂æÑdG Ωƒ°SQ ≥jôW øY AGƒ°S) 𫪩∏d ≥aGôªdG ô«JGƒa ™aO äÓ«¡°ùJ ô«aƒàH ∂æÑdG ΩÉ«b ∫ÉM »a (Ü) ô«Z hCG âfôàf’G ≥jôW øY hCG á«fhôàµd’G á«aô°üªdG äÉeóîdG hCG ∞JÉ¡dG hCG ábÉ£ÑdG É¡H QÉ©°TE’G ºàj á°UÉN •hô°T ájCG ≈dEG áaÉ°VE’ÉH á«dÉàdG ΩɵMC’Gh •hô°ûdG …ô°ùJ ,(∂dP :π°üØæe πµ°ûH ájCG πjó©J hCG AɨdEG hCG ≥«∏©àH √QÉ«N ≥ahh âbh …CG »a Ωƒ≤j ¿CG ∂æÑ∏d Rƒéj (1) .≥aGôªdG ô«JGƒa ™aód äÓ«¡°ùJ

Ωó≤J ΩɵMC’Gh •hô°ûdG √òg »a É¡«dEG QÉ°ûªdG iôNC’G äÉeóîdGh ábÉ£ÑdG ¿CG 𫪩dG ô≤j (ê) á≤∏©àªdG ôWÉîªdG áaÉc πªëàjh 𫪩dG ô≤j .𫪩dG Ö∏W ≈∏Y AÉæH ∂æÑdG πÑb øe áeó≤ªdG iôNC’G äÉeóîdGh »°üî°ûdG ∞jô©àdG ºbQh »dB’G ±Gô°üdGh ábÉ£ÑdG ΩGóîà°SÉH hCG äÉÑdÉ£ªdG áaÉch øe …CG øe ∂æÑdG ÇôÑjh ∫RÉæàjh ΩɵMC’Gh •hô°ûdG √òg ÖLƒªH hCG äÉeóîdG ∂∏àH ≥∏©àj ɪ«a ∂æÑdG ó°V 𫪩dG iód ¿ƒµJ ób »àdG ¥ƒ≤ëdG hCG äÉeGõàd’G hCG IQÉ°ùN ájCG øY ¬°†jƒ©J ≈∏Y ®ÉØëdGh ∂æÑdG ¢†jƒ©àH 𫪩dG Ωƒ≤«°S .É¡æY CÉ°ûæJ (1) »àdG äÉÑ∏£dG hCG äÉÑdÉ£ªdG hCG (á«fƒfÉ≤dG ∞«dɵàdG ∂dP »a ɪH) ∞«dɵJ hCG Qô°V Qó°üj »°üî°T ∞jô©J ºbQ hCG ábÉ£H ájCG ábô°S hCG ´É«°V hCG ΩGóîà°SÉH ≥∏©àj ɪ«a CÉ°ûæJ ¢üî°T …CG πÑb øe ¬H ìô°üe ô«Z hCG »dÉ«àMG ±ô°üJ …C’ áé«àf CÉ°ûæJ (2) hCG 𫪩dG ≈dEG .∂æÑdG É¡eó≤j »àdG äÉeóîdÉH ≥∏©àj ɪ«a âfÉc á≤jôW ájCÉH CÉ°ûæJ (3) hCG ôjõæîdG ºëd »a πeÉ©àdG hCG ∫ƒëµdG πãe äÉeóîdG hCG ™∏°ù∏d áæ«©e AGô°T á«∏ªY ôÑà©J (O) hCG á«MÉHE’G Qƒ°üdGh äGQƒ°ûæªdG hCG IôeÉ≤˘ª˘dG hCG ô˘jõ˘æ˘î˘dG º˘ë˘∏˘H á˘≤˘∏˘©˘à˘ª˘dG äɢé˘à˘æ˘ª˘dGh πªëàjh .á«eÓ°SE’G á©jô°ûdG AiOÉÑe ÖLƒªH IQƒ¶ëe iôNC’G á«fƒfÉ≤dG ô«Z ᣰûfC’G AiOÉÑe ∞dÉîJ ’ äÉ«∏ªY »a ábÉ£ÑdG ΩGóîà°SG øe ócCÉàdG á«dhDƒ°ùe ábÉ£ÑdG πeÉM ¬«LƒJ ¿hóH ∂æÑ∏d ≥ëjh .É¡©e ¢VQÉ©àJ hCG É¡d áÄ«°ùe ôÑà©J ’ hCG á«eÓ°SE’G á©jô°ûdG ájCG AGôLEÉH ¢†jƒØàdG ¢†aQ hCG É¡eGóîà°SG »a ábÉ£ÑdG πeÉM ≥M AɨdEÉH ≥Ñ°ùe QÉ©°TEG .•ô°ûdG Gò¡H ábÉ£ÑdG πeÉM ó«≤J ΩóY ádÉM »a ábÉ£H á«∏ªY ∂æÑdG QƒLCGh Ωƒ°SQ -11 øY √QƒLCGh ∂æÑdG Ωƒ°SQ Ö∏£dG óæY ™aój ¿CÉH 𫪩dG Ωõà∏jh ÜÉ°ùëdG ≈∏Y ó«≤j ¿CG ∂æÑ∏d ≥ëj ¿CG ∂æÑ∏d Rƒéj .𫪩dG ≈dEG ∂æÑdG É¡eó≤j »àdG iôNC’G äÉeóîdGh äÓ«¡°ùàdGh ÜÉ°ùëdG 𫨰ûJ .√QƒLCG hCG ¬J’ƒªY hCG ¬eƒ°SQ πjó©àH 𫪩dG ≈dEG ≥Ñ°ùe QÉ©°TEG ¬«LƒJ ¿hOh âbh …CG »a Ωƒ≤j á°UÉ≤ªdGh øgôdG ≥M -12 9

(c)

(i)

The Bank may at any times at its discretion, suspend, cancel or vary any utility bill payment facilities.

(ii)

The Customer acknowledges that the Bank will act as an intermediary in transferring funds from the Account. The Bank shall not be responsible for and shall not be a party to any dispute or inquiry regarding the correctness of the utility bill, any payment or service.

(iii)

The Customer expressly acknowledges that the payment of utility bills through the Bank will take at least three (3) working days to clear and, therefore, the Customer shall be responsible for ensuring payment is made in a timely manner. The Bank will not be responsible for any suspension or disconnection of any utility services, whether due to insufficient or delayed payment or otherwise.

The Customer acknowledges that the Card and other services referred to herein are provided by the Bank at the Customer’s request. The Customer acknowledges and assumes all risks associated with the use of the Card, ATM, PIN and other services provided hereunder and waives, releases and discharges the Bank from any all claims, obligations or rights that the Customer has or may have against the Bank in relation to or arising out of such services. The Customer will indemnify the Bank and keep it indemnified, for any loss, damage, costs (including legal costs), claims or demands (i) arising in connection with the use, loss or theft of any Card or PIN issued to the Customer or (ii) arising as a result of any fraudulent or unauthorised act of any person or (iii) howsoever arising in relation to the services provided by the Bank.

(d) Certain purchases of goods or services, such as alcohol, dealing in pork and pork related products, gambling, pornography or other illegal activities, are prohibited under the principles of the Islamic Shariah. It is the Cardholder's responsibility to ensure that the Card is utilized for Card Transactions which are not contrary, offensive or repugnant to the principles of the Islamic Shariah. The Bank shall be entitled, without 9

notice, to withdraw the Cardholder’s right to use the Card or to refuse to authorize any Card Transaction in the event that the Cardholder fails to comply with this provision. 11.

BANK CHARGES AND FEES The Bank may debit the Account and the Customer will on demand pay the Bank’s charges and fees for the operation of the Account and other facilities and services provided to the Customer by the Bank. The Bank is entitled to amend, at any time without prior notice, its charges, commissions or fees.

12.

RIGHT OF LIEN AND SET OFF The Bank may, at any time assert a lien (with the consent of the Customer) over any money, shares, securities, documents or other assets and property of whatever nature which are held in the Customer’s name in any Account and / or at any branch of the Bank. The Bank may at any time, apply all or part of the money, shares, securities, documents or other assets and property of whatever nature which are held in the Customer’s name in any Account and / or at any branch of the Bank (including, if applicable, before the maturity of a fixed deposit) towards any indebtedness, howsoever incurred and whether actual or contingent, of the Customer to the Bank (or if the Account is a Joint Account, any such indebtedness of any of the Joint Customers to the Bank, whether several or joint or otherwise) and whether in the same currency as the Account or not. The Bank may effect any necessary conversions at the rate of exchange at which the Bank is able to purchase the currency of the Customer’s obligations or at the Bank’s own prevailing rate of exchange displayed at the Bank’s counters, as the Bank may select at its absolute discretion. All costs, other than interest, incurred by the Bank in respect of the exercise of the said right of lien and set off shall be for the account of the Customer and payable on demand.

13.

CLOSURES OR TRANSFER ACCOUNT (a) The Bank shall have the right at any time in its discretion to close any Account and to request immediate settlement thereof (and the return of any unused cheques) without giving any reason whatsoever and without incurring any liability in so doing. In such event, the Bank may mail to the Customer a cheque for the balance in the currency of the Account. (b) Without prejudice to the Bank’s aforesaid right, the Bank shall be entitled to close the Account without notice to the Customer if the Customer issues any cheques with insufficient funds in the Account. (c)

The Customer consents and agrees that the account may be transferred (whether by assignment, novation or otherwise) by the Bank to a third party (“Assignee”) upon not less than thirty (30) days prior written notice to the Customer. During the said notice period, the Customer may approach the Bank to close the Account in accordance with and subject to these Terms and Conditions. Upon such transfer, the Assignee shall assume all the Bank’s rights and obligations vis-a-vis the Customer, the Account and all ancillary matters, including with regard to any liability of the Customer or any collateral security for any liability of the Customer.

(d) On closure of the Account, any unused cheques relating to the Account must be returned by the Customer to the Bank. 14.

STATEMENT OF ACCOUNT (a) The Bank shall provide to the Customer periodic statements of account or as may otherwise be agreed. (b) (i)

(ii)

In the case of non-receipt of a statement of account, the Customer shall notify the Bank of such non-receipt within thirty (30) days of the end of the period to which the statement of account relates. In the case of discrepancy in any entry or balance shown in a statement of account, the Customer shall notify the Bank of such 10

¥GQhCG hCG º¡°SCG hCG ≠dÉÑe ájCG ≈∏Y (𫪩dG á≤aGƒªH) øgQ …CG òØæj ¿CG âbh …CG »a ∂æÑ∏d ≥ëj …CG »a 𫪩dG º°SÉH ¿ƒµJ É¡à©«ÑW âfÉc ɪ¡e iôNCG äɵ∏àªeh ∫ƒ°UCG hCG äGóæà°ùe hCG á«dÉe øe AõL …CG hCG πeÉc Ωóîà°ùj ¿CG âbh …CG »a ∂æÑ∏d ≥ëj .∂æÑdG ´hôa øe …CG »a hCG/h ÜÉ°ùM âfÉc ɪ¡e iôNC’G äɵ∏પdGh ∫ƒ°UC’G hCG äGóæà°ùªdG hCG á«dɪdG ¥GQhC’G hCG º¡°SC’G hCG ≠dÉѪdG πÑb ∂dP »a ɪH) ∂æÑdG ´hôa øe …CG hCG/h ÜÉ°ùM …CG »a 𫪩dG º°SÉH ¿ƒµJ »àdG É¡à©«ÑW âfÉc AGƒ°Sh äCÉ°ûf ɪثc ,á«fƒjóe ájCG á«£¨àd (äóLh ¿EG ,áàHÉK á©jOh ájCG ¥É≤ëà°SG ïjQÉJ ∂æÑ∏d á«fƒjóe ájCG ,kÉcôà°ûe ÜÉ°ùëdG ¿Éc GPEG hCG) 𫪩dG ≈∏Y ∂æÑ∏d ¿ƒµJ ,áWhô°ûe hCG á«∏©a ¢ùØæH âfÉc AGƒ°Sh (∂dP ô«Z ΩCG á«YɪL ΩCG ájOôa âfÉc AGƒ°S ,ø«côà°ûªdG AÓª©dG øe …CG ≈∏Y ájQhô°V ¿ƒµJ á∏ªY ±ô°U äÉ«∏ªY ájCÉH ΩÉ«≤dG ∂æÑ∏d ≥ëj .iôNCG á∏ª©H ΩCG ÜÉ°ùëdG á∏ªY óFÉ°ùdG ±ô°üdG ô©°ùH hCG 𫪩dG äÉeGõàdG á∏ªY ¬H …ôà°ûj ¿CG ∂æÑdG ™«£à°ùj …òdG ±ô°üdG ô©°ùH áaÉc ¿ƒµJ .≥∏£ªdG √QÉ«N ≥ah ∂æÑdG QÉàîj ɪѰùM ∂æÑdG ´hôa »a ¢Vhô©ªdGh ∂æÑdG »a QƒcòªdG á°UÉ≤ªdGh øgôdG ≥M á°SQɪe »a ∂æÑdG Égóѵàj »àdG ,IóFÉØdG AÉæãà°SÉH ,∞«dɵàdG .Ö∏£dG óæY É¡©aO Öéjh 𫪩dG ÜÉ°ùM ≈∏Y ¬∏jƒëJ hCG ÜÉ°ùëdG ¥ÓZEG -13 IOÉYEGh) ∫ÉëdG »a ¬àjƒ°ùJ Ö∏Wh ÜÉ°ùM …CG ¥ÓZEG √QÉ«N ≥ahh âbh …CG »a ∂æÑ∏d ≥ëj (CG) .∂dòd áé«àf á«dhDƒ°ùe ájCG πªëJ ¿hOh ÖÑ°S …CG AÉ£YEG ¿hO (áeóîà°ùe ô«Z äɵ«°T ájCG .ÜÉ°ùëdG á∏ª©H ó«°UôdÉH kɵ«°T 𫪩dG ≈dEG π°Sôj ¿CG ∂æÑ∏d Rƒéj ádÉëdG √òg »ah ≈dEG QÉ©°TEG ¬«LƒJ ¿hO ÜÉ°ùëdG ¥ÓZEG ∂æÑ∏d ≥ëj ,ôcòdG ∞dÉ°S ∂æÑdG ≥ëH ¢SÉ°ùªdG ¿hO (Ü) .ÜÉ°ùëdG »a á«aÉc ∫GƒeCG OƒLh ¿hO äɵ«°T ájCG 𫪩dG Qó°UCG GPEG 𫪩dG ô«ZhCG ójóéàdG hCG ∫RÉæàdG ≥jôW øY AGƒ°S) ÜÉ°ùëdG πjƒëJ Rƒéj ¬fCG ≈∏Y 𫪩dG ≥aGƒj (ê) ’ 𫪩dG ≈dEG ≥Ñ°ùe »£N QÉ©°TEG ÖLƒªH (''¬«dEG ∫RÉæàªdG'') ô«¨dG ≈dEG ∂æÑdG πÑb øe (∂dP ≈dEG ¬LƒàdG IQƒcòªdG QÉ©°TE’G Ióe ∫ÓN 𫪩∏d ≥ëj .kÉeƒj (30) ø«KÓK øY ¬Jóe π≤J Gòg ΩɪJEG óæYh .É¡H ΩGõàd’G ™eh ΩɵMC’Gh •hô°ûdG √ò¡d kÉ≤ah ÜÉ°ùëdG ¥ÓZE’ ∂æÑdG ÖfÉL ≈dEG 𫪩dG √ÉéJ ¬JÉeGõàdGh ∂æÑdG ¥ƒ≤M áaÉc ¬«dEG ∫RÉæàªdG ≈dEG π≤àæJ πjƒëàdG …CG hCG á«dhDƒ°ùe ájCÉH á≤∏©àªdG QƒeC’G ∂dP »a ɪH ,¬H á≤∏©àªdG QƒeC’G áaÉch ÜÉ°ùëdG .𫪩dG ≈∏Y á«dhDƒ°ùe ájC’ ¿Éª°V ¥ÓZEG óæY ∂æÑdG ≈dEG ÜÉ°ùëdÉH ≥∏©àJ áeóîà°ùe ô«Z äɵ«°T ájCG IOÉYEG 𫪩dG ≈∏Y Öéj (O) .ÜÉ°ùëdG ÜÉ°ùëdG ∞°ûc -14 ºàj ɪѰùM ∂dP ±ÓîH hCG ájQhO ÜÉ°ùM äÉaƒ°ûc 𫪩dG ≈dEG Ωó≤j ¿CÉH ∂æÑdG Ωõà∏j (CG) .¬«∏Y ¥ÉØJ’G ∫ÓN ∂dòH ∂æÑdG QÉ©°TEÉH 𫪩dG Ωõà∏j ,ÜÉ°ùM ∞°ûc …CG ΩÓà°SG ΩóY ∫ÉM »a (1) (Ü) .ÜÉ°ùëdG ∞°ûc É¡H ≥∏©àj »àdG IóªdG ájÉ¡f øe kÉeƒj (30) ø«KÓK 𫪩dG Ωõà∏j ,ÜÉ°ùëdG ∞°ûc »a ó«°UQ hCG ó«b …CG »a CÉ£N …CG OƒLh ∫ÉM »a (2) .∞°ûµdG ïjQÉJ øe kÉeƒj (30) ø«KÓK ∫ÓN CÉ£îdG ∂dòH ∂æÑdG QÉ©°TEÉH áë°U ≈∏Y ¬æY ´ƒLôdG øµªj ’ πµ°ûH ≥aGhh ÜÉ°ùëdG ∞°ûc º∏à°SG ób 𫪩dG ¿CG ôÑà©j (ê) áë°U ≈∏Y ¢VGôàY’G »a ≥M …CG øY 𫪩dG ∫RÉæàjh ¬«a ø«ÑªdG ó«°UôdGh Oƒ«≤dG :GPEG ’EG ÜÉ°ùëdG »a iôNC’G QƒeC’G hCG Oƒ«≤dG hCG äÓeÉ©àdG ø«KÓK ∫ÓN ∂dòH ∂æÑdG QÉ©°TEÉH 𫪩dG ΩÉb ,ÜÉ°ùëdG ∞°ûc ΩÓà°SG ΩóY ∫ÉM »a (1) h ;ÜÉ°ùëdG ∞°ûc É¡H ≥∏©àj »àdG IóªdG ájÉ¡f øe kÉeƒj (30) 𫪩dG ΩÉbh ÜÉ°ùëdG ∞°ûc »a ó«°UQ hCG ó«b …CG »a AÉ£NCG ájCG OƒLh ∫ÉM »a (2) ™e ∂æÑdG ≥ØJGh ∞°ûµdG ïjQÉJ øe kÉeƒj (30) ø«KÓK ∫ÓN ∂dòH ∂æÑdG QÉ©°TEÉH 10

discrepancy within thirty (30) days of the date of the statement.

.¬«∏Y ≥aGhh QÉ©°TE’G ∂dP ≈∏Y 𫪩dG (c)

𫪩dG äÉeƒ∏©eh ¬JÓé°Sh ∂æÑdG ôJÉaO -15 ´ƒÑ£e ¿É«H hCG IOÉ¡°T ájCG ôÑà©J .áeõ∏eh á«FÉ¡f ¬JÉHÉ°ùMh ¬JÓé°Sh ∂æÑdG ôJÉaO ôÑà©J (CG) ájCG »a ¬àë°U ≈∏Y 𫪩dG √ÉéJ kÉ©WÉbh kÉ«FÉ¡f kÓ«dO ∂æÑdG øY QOÉ°U ÜÉ°ùM ∞°ûc hCG .∂dP ô«Z hCG á«FÉ°†b äGAGôLEG

The Customer shall be deemed to have received the statement of account and have irrevocably consented to the correctness of the entries and balance shown therein and the Customer waives any right to challenge the transactions, entries or other dealings on the Account unless: (i)

In the case of non-receipt of the statement of account, the Customer has notified the Bank within thirty (30) days of the end of the period to which the statement of account relates; and

(ii)

In the case of discrepancies in any entry or the balance shown in the statement of account, the Customer has notified the Bank within thirty (30) days of the date of the statement and such notification has been agreed and accepted by the Bank

øe ¬©e hCG ∂æÑdG πÑb øe ºàJ »àdG á«ØJÉ¡dG äɪdɵªdG π«é°ùJ RGƒéH πÑ≤jh 𫪩dG ô≤j (Ü) .∂æÑdGh 𫪩dG ídÉ°üe ájɪM πLCG ¬JÉfÉ«H øjõîJh áédÉ©eh πjƒëJh ®ÉØàM’G »a ∂æÑdG ≥M ≈∏Y ≥aGƒjh 𫪩dG ô≤j (ê) »a ɪH) ¥ô£dG øe Égô«¨H hCG º∏«ahôµjÉe ≈∏Y hCG »fhôàµdG πµ°ûH ¬JÓé°Sh ¬JÉeƒ∏©eh ≥aGƒj ɪc (IóëàªdG á«Hô©dG äGQÉeE’G êQÉN äÉfÉ«ÑdG óYGƒbh áédÉ©ªdG õcGôe ∂dP º∏«ahôµjɪdG ï°ùfh ¢ùcÉ˘Ø˘dGh ¢ùµ˘∏˘à˘dG π˘Fɢ°SQh äɢ«˘bô˘Ñ˘dGh π˘Fɢ°Sô˘dG ¿CG ≈˘∏˘Y π˘«˘ª˘©˘dG ∂æ˘Ñ˘dG ɢgRô˘Ñ˘j ó˘b »˘à˘dG ï˘°ùæ˘dGh ô˘Jƒ˘«˘Ñ˘ª˘µ˘dG ø˘e á˘Yƒ˘Ñ˘£˘ª˘dG äɢfɢ«˘Ñ˘dGh äÓ˘«˘é˘ °ùà˘˘dGh áë°U ≈∏Y kÉ©WÉb kÓ«dO πµ°ûJ ¬JÉHÉ°ùM hCG ¬JÓé°S hCG √ôJÉaO hCG ¬JÉØ∏e øe êôîà°ùªc .É¡JÉjƒàëe RGƒLh ô«¨dG øe ø«dhÉ≤ªdG äÉeóN ΩGóîà°SG »a ∂æÑdG ≥M ≈∏Y ≥aGƒjh 𫪩dG ô≤j (O) äÉeƒ∏©ªdG ∂dP »a ɪH ¬JÓé°Sh ∂æÑdG ôJÉaO ≈∏Y ø«dhÉ≤ªdG ∂ÄdhCG øe …CG ´ÓWEG .ÜÉ°ùëdGh 𫪩dÉH á≤∏©àªdG Ò«¨J …CG ∑Éæg ¿Éc ∫ÉM ‘ kÉ«eƒj 30 ¿ƒ°†Y ‘ ∂æÑdG ÆÓHE’ÉH ó¡à©jh 𫪩dG ≥aGƒj (√) .∂æÑ∏d 𫪩dG É¡eób »àdG äÉeƒ∏©ŸG øe …CG ‘ hCG/h ¬«ØXƒe hCG ¬«dhDƒ°ùe hCG ∂æÑdG ΩÉ«b ≈∏Y ¬æY ´ƒLôdG øµªj ’ πµ°ûH 𫪩dG ≥aGƒj (√) ¬HÉ°ùMh 𫪩dÉH ≥∏©àJ äÉeƒ∏©e ájCG ∞°ûc hCG øY ìÉ°üaE’ÉH á≤jôW ájCÉH ¬FÓch ïjQÉJh ∂æÑdG iód ™FGOƒdGh áæFGódG Ió°UQC’G ô°üM ¿hO ∂dP »a ɪH) ∂æÑdÉH ¬àbÓYh hCG/h √ƒØXƒe hCG ∂æÑdG iôj ɪѰùM (𫪩dÉH á≤∏©àªdG iôNC’G äÉeƒ∏©ªdGh ÜÉ°ùëdG :≈dEG ≥∏£ªdG ºgQÉ«N ≥ah kÉjQhô°V ∂dP ¬FÓch á£ÑJôªdG hCG ¬d á©HÉàdG äÉ¡édG hCG á«∏«ãªàdG ¬ÑJɵe øe …CG hCG ∂æÑ∏d »°ù«FôdG ô≤ªdG (1) »a ƒ°†Y …CG hCG ∂æÑdG äÉcô°T øe …CG hCG »FÉ°†b ¢UÉ°üàNG …CG »a ¬Yhôa hCG ¬H ;OôJQÉ°ûJ OQófÉà°S áYƒªée á«∏«¨°ûJ ΩÉ¡e ájCG ∂æÑdG º¡«dEG óæ°SCG øjòdG ¢UÉî°TC’G º¡«a ɪH äÉeóîdG …Ohõe (2) ô°üM ¿hO ∂dP »a ɪH) ¬JÉ«∏ªY hCG ∂æÑdG ∫ɪYCG øe …CG ò«Øæàd º¡Ø«∏µJ ¬d ≥ëjh (äɵѰûdG …Ohõe øe ºgô«Zh ¿ÉªàF’G äÉbÉ£Hh »dB’G ±Gô°üdG äÉeóN hOhõe ®ÉØëdG ÖLGƒH ∂æÑdG √ÉéJ ¿ƒeõà∏jh IóëàªdG á«Hô©dG äGQÉeE’G êQÉN hCG πNGO .ájô°ùdG ≈∏Y øe …CG øY ¬d ∫RÉæàj ¿CG πªàëj hCG kÉ«∏©a ∂æÑdG ¬d ∫RÉæàj (¢UÉî°TCG) ¢üî°T …CG (3) .¬JÉeGõàdG hCG ∂æÑdG ¥ƒ≤M

15.

BANK’S BOOKS & RECORDS, CUSTOMER INFORMATION (a) The Bank’s books, records and accounts shall be conclusive and binding. Any certificate, printout or statement of account issued by the Bank shall be final and conclusive evidences against the Customer of the correctness thereof in any legal proceedings or otherwise. (b) The Customer acknowledges and accepts that telephone calls by or to the Bank may be recorded for the protection of the interest of the Customer and the Bank. (c)

The Customer acknowledges and agrees that the Bank may maintain, transfer, process and store its data, information and records in electronic form, on microfilm or other methods (including in processing centres and databases outside of the UAE) and further agrees that the messages, cables, telexes, facsimiles, microfilms, tapes computer printouts and photocopies, which may be exhibited by the Bank as an extract from its files, books, records or accounts shall constitute conclusive evidence of the genuineness of the contents thereof.

(d) The Customer acknowledges and agrees the Bank may utilise the services of third party contractors and that any such third party may have access to the Bank’s books and records including information regarding the Customer and the Account. (e)

The Customer agrees and undertakes to notify the Bank within 30 calendar days if there is a change in any information which the Customer has provided to the bank.

(f)

The Customer irrevocably consents to the disclosure and reporting by the Bank, its officers, employees and/or agents, in any whatsoever, of any information relating to the Customer and its account relationship with the Bank (including without limitation, credit balances and deposits with the Bank, account history and other Customer related information) as the Bank, its employees, and/or agents may in their absolute discretion think fit to: (i)

the Bank’s head office, any of its representative offices, subsidiaries, affiliates and branch in any jurisdiction and any related corporations of the Bank, or any member of the Standard Chartered Group;

(ii)

service providers including persons to whom the Bank has outsourced any operational functions which may be engaged by the Bank to carry out any of the Bank’s businesses or operations (including without limitation, ATM, credit card or other network providers) within or outside of the UAE and are under a duty of confidentiality to the Bank;

(iii)

any actual or potential assignee(s) of any rights or obligations of

;¿Éª°V Ωó≤e hCG ô«¨dG øe øgGQ hCG øeÉ°V …CG (4) ;á«©Lôe äÉeƒ∏©e ≈∏Y ∫ƒ°üë∏d ô«¨dG øe Ö∏W …C’ áHÉéà°SG (5) ∂æÑdG ídÉ°üd ¿ƒaô°üàj øjôNBG ø««æ¡e øjQÉ°ûà°ùe hCG ø«Ñ°SÉëe hCG ø«eÉëe …CG (6) ;¿ƒ∏≤à°ùªdG ¿ƒdhÉ≤ªdGh AÓcƒdG hCG/h å«M á«eƒµM hCG á«HÉbQ á£∏°S ,á«Ñjô°V ,á«dÉe ,á«ŸÉY hCG á«∏fi ᪫¶æJ áÄ«g ájCG (7) hCG/h ; á«FÉ°†b áj’h …CG ‘ 𫪩∏d á«Ñjô°†dG á«dhDƒ°ùŸG äÉÑKE’ kÉjQhô°V ¿ƒµj

11

11

(iv) (v) (vi) (vii)

(viii)

the Bank; any guarantor, third party pledgor or security provider; in response to any request from a third party for a reference; any solicitors or accountants or other professional advisors acting for the Bank and/or agents and independent contractors; any domestic or overseas regulatory, fiscal, tax, supervisory or governmental authority where necessary to establish the Customer’s tax liability in any jurisdiction; and/or any other person(s) which the Bank considers, is in its interest to make such disclosure.

The Customer will not assert any claim, and waives any right to assert any claim, against the Bank for any loss, damage or injury suffered or alleged as a result of any such disclosure or reporting. 16.

WITHHOLDING FUNDS AND PAYING OUT TO REGULATORS/ TAX AUTHORITIES Where required by domestic or overseas regulators or tax authorities, the Customer consents and agrees that the Bank may withhold, and pay out, from the Customer’s account(s) such amounts as may be required according to applicable laws, regulations, agreements with regulators or authorities and directives.

17.

FORCE MAJEURE The obligation to pay any amounts deposited with the Bank is limited to payment by the branch at which the Account is maintained, the Bank shall not be liable for its inability to pay from such branch due to restrictions on convertibility or transferability, requisitions, involuntary transfers, acts of war or civil strife or other similar causes beyond the Bank’s control. In such event no other office, branch, subsidiary or affiliate of the Bank shall be responsible or liable to the Customer.

18.

.äÉeƒ∏©ªdG ∂∏J øY º¡d ∞°ûµdG ¬àë∏°üe øe ¿CG ∂æÑdG ôÑà©j øjôNBG ¢UÉî°TCG …CG (8) ∂æÑdG ó°V áÑdÉ£e ájCG ºjó≤J »a ¬≤M øY ∫RÉæàjh áÑdÉ£e ájCG 𫪩dG Ωó≤j ød ∂dòd áé«àf ÉgóѵJ ºYõj hCG Égóѵàj áHÉ°UEG hCG Qô°V hCG IQÉ°ùN ájCG ¢Uƒ°üîH .∞°ûµdG hCG ìÉ°üaE’G á«Ñjô°†dG äÉ£∏°ùdG / ᫪«¶æàdG äÉÄ«¡∏d ™aódGh ∫GƒeC’G ÖéM -16 ,á«Ñjô°†dG äÉ£∏°ùdG πÑb øe hCG á«ŸÉ©dGh á«∏ÙG ᫪«¶æàdG äÉÄ«¡dG πÑb øe Öq∏àe ƒg ɪc πãe (AÓª©dG) 𫪩dG ÜÉ°ùM øe ,™aOh ,Öéëj Ωƒ≤j ób ∂æÑdG ¿CG ≈∏Y ≥aGƒjh 𫪩dG πÑ≤j äÉÄ«¡dG ™e É¡H ∫ƒª©ŸG äÉ«bÉØJ’G ,íFGƒ∏d ,ÚfGƒ≤∏d kÉ≤ah ܃∏£ŸG ƒëædG ≈∏©¨dÉÑŸG √òg .á«¡«LƒàdG äÉ£∏°ùdG hCG ᪶æŸG IôgÉ≤dG ±hô¶dG -17 ¬«a ßØàëj …òdG ´ôØdG πÑb øe OGó°ùdÉH ∂æÑdG iód ´OƒJ ≠dÉÑe ájCG ™aóH ΩGõàd’G ô°üëæj ÖÑ°ùH ´ôØdG ∂dP øe ™aódG ≈∏Y ¬JQób ΩóY á«dhDƒ°ùe ∂æÑdG πªëàj ’h ,ÜÉ°ùëdÉH 𫪩dG hCG ájQÉÑLE’G äÓjƒëàdGh ᫪°SôdG äÉÑ∏£dGh ∫GƒeC’G πjƒëJ hCG á∏ª©dG ±ô°U ≈∏Y Oƒ«≤dG »ah .∂æÑdG Iô£«°S øY áLQÉN iôNCG á¡HÉ°ûe ÜÉÑ°SC’ hCG »fóªdG ¿É«°ü©dG hCG ÜôëdG ∫ɪYCG á«dhDƒ°ùe ájCG ¬H §ÑJôe hCG ¬d ™HÉJ ±ôW hCG ∂æÑ∏d ôNBG ´ôa hCG Öàµe …CG πªëàj ’ ádÉëdG √òg .𫪩dG √ÉéJ 𫪩dG ≈dEG äGQÉ©°TE’G -18 ÜÉ°ùëdG íàa êPƒªf »a ø«ÑªdG ¿Gƒæ©dG ≈∏Y 𫪩dG ≈dEG π°Sôj ∫É°üJG hCG QÉ©°TEG …CG ób/ôÑà©j á«dhDƒ°ùe ∂æÑdG πªëàj ’h ,¬dÉ°SQEG ïjQÉJ øe ΩÉjCG á©Ñ°S ó©H ∫ƒ°UC’G Ö°ùM ¬ª∏à°SG 𫪩dG ¿CG ≈àM ∂æÑ∏d kÉeõ∏e 𫪩dG ¿GƒæY »a ô««¨J …CÉH QÉ©°TE’G ôÑà©j ’ .ójôÑ∏d ´É«°V hCG ô«NCÉJ …CG .∂æÑdG äÓé°S »a ¿Gƒæ©dG ô««¨J ºàj

NOTICES TO THE CUSTOMER Any notice or communication posted to the Customer at the address stated in the account opening form shall be deemed to have been duly received by the Customer seven days after the date of posting of the same. The Bank shall not be liable for any delay or loss of mail. Notification of any change of address of the Customer shall not be binding on the Bank until the Bank’s records have been amended.

∫RÉæàdG -19 πÑb øe ∫RÉæJ ¬fCG ≈∏Y ΩɵMC’Gh •hô°ûdG √ò¡H ΩQÉ°üdG ó«≤àdÉH ∂æÑdG áÑdÉ£e ΩóY ô°ùØJ ’ .ΩɵMC’Gh •hô°ûdG √òg ÖLƒªH ¬bƒ≤M øY ∂æÑdG

19.

WAIVER The failure of the Bank to require strict compliance of these Terms and Conditions shall not be construed as a waiver by the Bank of its right hereunder.

á«eÓ°SE’G á©jô°ûdG -20 áØ«æëdG á«eÓ°SE’G á©jô°ûdG ΩɵMC’ ΩɵMC’Gh •hô°ûdG √òg ´ƒ°†N ≈∏Y ≥aGƒjh 𫪩dG ô≤j .ôNB’ âbh øe ∂æÑ∏d á©HÉàdG »Yô°ûdG ±Gô°TE’G áæéd É¡≤Ñ£Jh Égô°ùØJ ɪc

20.

ISLAMIC SHARIAH The Customer acknowledges and agrees that these Terms and Conditions shall be subject to the provisions of the Noble Islamic Shariah as applied and interpreted by the Bank’s Shariah Supervisory Board from time to time.

21.

GOVERNING LAW & JURIDICTION (a) These Terms and Conditions shall be governed by the laws and regulations of the UAE and the Customer submits to the non-exclusive jurisdiction of the Courts of the Emirate in which the branch at which the Account is maintained is located. The Bank shall be entitled to institute proceedings in any one or more jurisdictions in which the Customer is domiciled, or possesses assets, or conducts business. (b) The Courts of the Emirate in which the branch of the Bank at which the Account is maintained is located, shall have sole jurisdiction to deal with any claim against the Bank.

SCHEDULE 1 “Islamic Shariah Compliant Assets” means the entire pool of Shariah compliant products, assets and investments which are invested on the basis of either or any combination of the Murabaha, Ijarah, Musharakah, Istisnaa or any other Shariah compliant modes of financing as approved by the Bank’s Shariah Supervisory Committee from time to time in the bank’s consumer and commercial banking activities but excluding assets booked under the bank’s financial markets, capital markets and corporate finance books. 12

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