1. What is this product about?
This is a General Investment Account (GIA) with profit payable at maturity for GIA with 12 months and below tenor or every 6 months until maturity date for GIA with above 12 months tenor. The amount of actual profit will only be known on maturity based on the prevailing gross return for the contracted profit sharing ratio (PSR).This deposit is covered by the Malaysia Deposit Insurance Corporation (PIDM).

2. What is the applicable Shariah contract?

• The applicable Shariah contract is Mudharabah.
• This refers to an agreement between the investment account holder and the Bank where the investment account holder agrees to participate in the financial activities undertaken by the Bank and shares the profit generated from financing and/or investment activities based on an agreed profit sharing ratio.
   

3. What do I get from this product?

• Minimum initial deposit amount : RM 500
• Tenure : 1,3,6,9,12,15,18,24,36,48 or 60 months
• Rates and profit sharing ratio: [TBD*] % p.a. ; [TBD]% ( Account holder) : [TBD]% ( Bank)
  Click here for Profit Sharing Ratio and Indicative Rate
• Profit equalization reserve (PER) : PER is practised

4. What are the other key terms and conditions of this product that I should know?

• Where withdrawal is after a 1-month period from the deposit date, a portion of the eligible profit may be paid to the investment account holder at the Bank’s discretion.
• Withdrawal of less than 1 month period shall not be entitled to any share of the profit.
• This account does not allow for partial withdrawal before maturity.
• Automatic renewal shall apply upon maturity, unless otherwise instructed.
   

5. What are the fees and charges that I have to pay?

• Replacement of lost certificate :
  RM 10 (including stamp duty) for deposit amount less than RM 1000;
  RM 20 (including stamp duty) for deposit amount RM 1000 and above.
   

6. What are the risks involved?

Investors will be exposed to the following risks:

1. Market risk : refers to the potential impact of adverse price movements ( e.g. profit rate, foreign exchange rates or equity prices, where applicable ) on the economic value of an asset;
2. Credit risk : refers to the potential that a counterparty fails to meet its obligations in accordance with agreed terms and conditions;
3. Liquidity risk : refers to the potential loss arising from the Bank’s inability either to meet its obligations or to fund increases in assets as they fall due without incurring unacceptable costs or losses;
4. Operational risk: refers to the potential loss resulting from inadequate or failed internal processes, people and systems or external events.

You are advised to carefully consider all risk factors before making an investment decision.

7. What do I need to do if there are changes to my personal details?
It is important that you inform us of any changes in your personal details immediately to ensure that all correspondences will reach you in a timely manner.

8. Where can I get further information?
Should you require additional information about investments, please refer to the bankinginfo booklet on “Investing Your Money”, available at all our branches and the www.bankinginfo.com.my website.

If you have any enquiries, please contact us at:

Bank Islam Malaysia Berhad
8th Floor, Wisma Bank Islam
Jalan Dungun, Bukit Damansara
50490 Kuala Lumpur
Tel: 603-2090 1710/11/12
Fax: 603-2088 8686
 

9. Other General Investment Account (GIA-i) Products available
Nil
 

The information provided in this disclosure sheet is valid as at 18/05/2009.

*[TBD]: to be determined at the point of deposit placement.

Note : Information contained herein is accurate as of the time of publishing and subject to change in accordance with applicable rules, regulations or guidelines issued by Bank Negara Malaysia from time to time.