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Dear Valued Customer(s),

This is to notify that effective 1 January 2019, no profit will be paid on any premature withdrawal made by account holders. However, all premature withdrawals made before 1 January 2019 will not be affected. Pursuant to the above, clause 7 of the Terms and Conditions for Commodity Murabahah Term Deposit account will be revised as follows:

REVISIONS to the Terms and conditions
Clause 7.  Pre-mature Withdrawal
As required by Bank Negara Malaysia’s guidelines and directives with regards to rebate (ibra’) and as the Bank in its absolute discretion accepts, in the event of pre-mature withdrawal or termination of the Account prior to the maturity date in accordance with these Terms and Conditions, the Customer will waive the entire Profit comprised in the Murabahah Sale Price as determined by the Bank. Such determination by the Bank, shall save for manifest error, be final, conclusive and binding on the Customer. The following illustrations will assist the Customer to understand further the ibra’ computation:-
Type A
If the withdrawal is made prior to the maturity date, no profit will be paid by the Bank;
Type B
If the withdrawal is made prior to the maturity date, no profit will be paid by the Bank. The profit amount that has been credited upfront will be deducted back from the initial deposit placement.

The Bank shall notify the Customer the calculation of profit and ibra’ accordingly in the event of pre-mature withdrawal.

The Bank will consider that account holders are agreeable to the Terms and Conditions should there be no reply received within twenty-one (21) calendar days from the date of this notice. Should you choose to disagree with this notification, such disagreement must be provided in writing within the stipulated time period and the Bank will close your account accordingly. Once the account is closed, the agreement shall be terminated and the Bank shall pay the remaining balance of monies in your account.

We would also like to take this opportunity to request you to visit the nearest Al Rajhi Banking & Investment Corporation (M) Berhad branch to update your latest banking information.

We appreciate your confidence in us and it has been a sincere pleasure serving you. We remain steadfast in our commitment to deliver superior customer experience by placing our customers at the center of our actions. Should you have any further queries, please contact our Contact Centre at +603- 2332 6000. Please log on to our website at for the revised Terms & Conditions.

Thank you for your continuous support and we look forward to serving all your banking needs.

Management of Al Rajhi Banking & Investment Corporation (Malaysia) Berhad.

Frequently Asked Questions - Amendments to Terms and Conditions for TD-i

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