Sunday, 17 December 2017, 28 Rabiulawal 1439H Solat Time:
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AL-AWFAR-UNIT TRUST SALES CAMPAIGN 2017


Promotion_Bank_Islam

Click here to download Terms and Conditions

“TERMS AND CONDITIONS OF “AL-AWFAR-UNIT TRUST SALES CAMPAIGN 2017” (“Campaign”)

1.DEFINITION

1.1.    For the purpose of these Terms and Conditions, the following words and expressions shall have the meanings assigned  to  them  except  where  the context  otherwise requires:-

“Bank” means Bank Islam Malaysia Berhad (Company No.98127-X), a company incorporated in Malaysia under the Companies Act 1965 and having its registered address at Level 32, Menara Bank Islam, 22 Jalan Perak, 50450 Kuala Lumpur;

“Campaign” means “Unit Trust Sales Campaign 2017” organized by the Bank in accordance with the Terms and Conditions stipulated herein;

“Campaign Period” means the duration of the Campaign which is from 1st JULY 2017 to 31st AUGUST 2017 (both dates inclusive);

“Customer” means Malaysian citizen, Permanent Residents  and non Resident who is participating in the Campaign organized by the Bank in accordance with the Terms and Conditions stipulated herein;

“Eligibility Unit (EU)” means entries which represent the entitlement to participate in Al Awfar Monthly, Regional and Quarterly draw in October 2017;

“Eligible Customer” means Unit Trust customer who opens Al Awfar Account or/and make additional placement in Al Awfar Account (Al Awfar) during the Campaign Period and eligible to participate in the Campaign in accordance with the Terms and Conditions stipulated herein;

“Minimum Balance Growth” means the requirements for customers to maintain the placement to qualify for the Eligibility Unit (EU) multiplier for Al Awfar Monthly, Regional and Quarterly draw in October 2017.

 

2.0   ELIGIBILITY

2.1     This Campaign is open to the following Eligible Customers:

(i)   Unit Trust customer who open Al Awfar Account  or make  a new or additional placement  minimum of RM1000 (Minimum Placement) into Al-Awfar account.

(ii)  make new and or additional placement in BIMB-Arabesque Malaysia Shariah ESG Equity Fund and/or BIMB-Arabesque I Global Dividend Fund 1 with minimum of RM30,000 investment and retained the Minimum Balance Growth of RM1000 in Al-Awfar account before closing date of the Campaign Period to qualify for the Eligiblity Unit (EU) multiplier.

(iii)The placement must be made during the Campaign Period and retained throughout the Campaign Period.

(iv)Al-Awfar account which has been suspended or terminated or have breached any other agreements with the Bank are not eligible to participate this campaign.

(v)  Any Placements in Al-Awfar account made by way of cheque(s) are subject to their clearance and will only be considered as placements after the cheque are paid or cleared.

2.2   Any Eligible Customer may participate in this Campaign except for:-

(i)   Permanent and/ or contract employees of the Bank

(ii)  Employees’ immediate family members (spouse and children)

 

3.0   CAMPAIGN METHOD

3.1     The Eligibility Unit (EU) multiplier will increase the Eligible Customer’s chances of winning the Al-Awfar draw.

3.2     Eligibility Unit (EU) multiplier will be based on investment amount tier as per table below:

Unit Trust Investment

RM

Multiplier Eligiblity Unit

(EU) in Al Awfar account

30,000 to 100,000 2 x
100,001 to 200,000 3 x
200,001 to 400,000 4 x
400,001 and above 5 x

3.3     Al-Awfar-Unit Trust Sales Campaign 2017 multiplier will be affecting only Al-Awfar’s monthly, regional, and quarterly draw in October 2017.

3.4     Illustration for calculation of Eligibility Unit (EU) with Al-Awfar-Unit Trust Sales Campaign 2017 multiplier as per table below:-

Example Al-Awfar Eligible Unit Unit Trust Investment Multiplier Eligible unit with multiplier
Example 1 100,000 1000 100,000 2 x 1000 x 2 = 2000
Example 2 1,000 10 150,000 3 x 10 x 3 = 30
Example 3 5,000 50 250,000 4 x 50 x 4 = 200
Example 4 100,000 1000 350,000 4 x 1000 x 4 = 4000
Example 5 1,000,000 10,000 1,000,000 5 x 10,000 x 5 = 50,000

 

4.0  ACCOUNT MAINTENANCE

4.1     The additional placement is accepted via over-the-counter (OTC), Cash Deposit Machine (CDM), Interbank Fund Transfer (IBFT) Cheque and Interbank Giro (IBG).

4.2     For the purpose to determine EU, only net balance from Al-Awfar account will be counted after netting off all withdrawal before closing date.

 

5.0   GENERAL CONDITIONS

5.1     Eligible Customers who fulfill the Campaign Mechanics shall deem to be participate in this Campaign

5.2     By participating in this Campaign, the Eligible Customers shall be deemed to have

(i)   Agreed to be bound by all the Terms and Conditions of the Campaign;

(ii)  Agreed to access the the Bank’s Website at regular time  intervals to view the Terms and Conditions and to ensure to be kept up-to-date on any change or variation to the Terms and Conditions;

(iii)Consented for the Bank to disclose their personal data to the  service  provider  as  the  Bank  deemed  fit  for  the purpose of this Campaign;

(iv)Agreed with the Bank may publish or display winners names or photos in media, marketing or  the Bank’s Website   for   the   purpose   of   this   Campaign   (where applicable); and

(v)Agreed with the Bank’s decision on all matters relating to the Campaign, selection of winners and prizes via the Bank’s generic draw engine shall be final, conclusive and binding on all Eligible Customers participating in the Campaign and no further correspondence and/or appeal to dispute the Bank’s decision shall be entertained.

5.3     Winners may be invited to attend a prize presentation ceremony or other             publicity events (if any) at a location to be advised on a later date in compliance with the Personal Data Protection Act (PDPA) 2010, the Bank shall protect the personal data of the customers. By participating in this Campaign, the Eligible Customers’ consent and agree that their names and photographs may be published in any media selected by the Bank as it deems fit for publicity purposes. Winners are fully responsible for all expenses incurred in attending the said prize giving ceremony.

5.4     The Bank and its affiliates and their respective directors, officers,  employees and agents shall not be liable for any misinterpretation on facts, and/or inflicted injuries and/or loss of lives and/or valuables resulting from the  prize won through The Campaign and shall not be liable,  whether direct or consequential, for any loss and damage or for any personal injury and/or whatsoever  suffered or sustained by the Eligible Customer caused  directly or indirectly, in whole or in part, in connection with this Campaign or their participation in the Campaign  or the receipt or use of any of the prizes or may be  suffered in the course of the prize giving travel and/or as a result of any act or omission on the part of the Bank whatsoever, except for any liability which cannot be excluded by law.

5.5     The   Bank   shall   not   be   responsible   in   any   way whatsoever in respect of any matters beyond the Bank’s control with regards to this Campaign or anything related thereto.

5.6     The Bank reserves the rights to amend, cancel, terminate or suspend the Campaign by providing sufficient noticenot less than fourteen (14) working days prior to the date of amendment, cancellation, termination or suspension. The mode of notification could  be  in   writing,  via electronic means or display of notices at the Bank’s branches and websites. For the avoidance of doubt, cancellation, termination or suspension by the Bank of the  Campaign  shall  not entitle  the  Customers  who participate    in    this    Campaign    to    any    claim or compensation  against  the  Bank  for  any  losses  or damages whatsoever suffered or incurred as a direct and indirect result of the act of cancellation, termination or suspension.

5.7     To the extent permitted by the law, in no event will the Bank   or   any   of   its officers,  servants,   employees,representatives   and/   or   agents   (including without limitation, any third party service providers that the Bank may engage for purposes of the Campaign) be liable for any loss or damages (including without limitation loss of income,   profits   or   goodwill   or   indirect,   incidental, consequential, exemplary, punitive or special damages of any party including third parties) howsoever arising whether in contract, tort, negligence or otherwise, in connection with the Campaign and/or the prize, even if the Bank has been advised on the possibility of such damages   in   advance   and   all   such damages   are expressly excluded. The Eligible Customers shall be considered to have read, understood and agreed to be bound by the Terms and Conditions stated herein, including all decisions of the Bank in this Campaign shall be final, binding and conclusive. No correspondence, disputes and appeals shall be entertained. The Bank further reserves the exclusive rights to change, amend, delete or add to the terms and conditions hereunder. The Eligible Customer participating in this Campaign agrees to be bound by such amendments.

5.8     The Terms and Conditions herein are in addition to and without prejudice to the content of information memorandum of BIMB- Arabesque I Global Dividend Fund 1 dated 5November 2015, prospectus of BIMB-Arabesque Malaysia Shariah-ESG Equity Fund dated 9 March 2017 and Al-Awfar Account’s terms andconditions. In the event of any inconsistency between these terms and conditions, this Terms and Conditions shall prevail with regards to this Campaign.

5.9     The Terms and Conditions herein shall be governed by and construed in accordance with the laws of Malaysiaand the customers agree to submit to the jurisdiction of the Courts of Malaysia.

5.10   The Bank reserves the right to vary or amend the duration of the Campaign Period at its sole and absolutediscretion.

For more information, please visit Bank Islam branches or call our Contact Centre at 03 26 900900 or visit our website at http://www.bankislam.com.my.

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