QUOTE(Ramjade @ May 29 2017, 01:40 PM)
June 16 if you don't want the 3% interest. You can try the loophole. Put 60 months and
Is there flexibility without penaly? If no, not worth it.
Investment Redemption and Suspension
8.1 The IAH may redeem the investment at maturity where the IAH may receive the principal investment
amount together with his/her profit payment (if any) arising from the investment activities undertaken by
the Bank.
8.2 The IAH may reinvest the available principal investment amount together with the profit from this
investment for such further tenure with the expected profit rate as may be determined by the Bank.
8.3 The IAH may receive a sum of less than their initial investment if he/she redeems all of the investment
before its maturity. The IAH shall receive the actual amount depending on the market value of the
underlying/allocated assets which the investment is linked to at the point of redemption less any charges
payable, arising from the premature redemption.
8.4 No partial redemption of the investment before its maturity is allowed by the Bank.
8.5 Profit payment for premature redemption will apply the actual profit rate or the expected profit rate
prorated based on the actual number of completed days, whichever is lower (if any).
8.6 Notwithstanding clause 8.5, the actual amount paid to the IAH will depend on the market value of the
underlying asset of which the IAH‟s investment is linked to at the point of the pre-mature redemption.
8.7 Notwithstanding the foregoing or anything contained herein, the Bank shall have the right to suspend
any redemption of Wafiyah under any of the following circumstances:-
(a) market wide failure or financial/economic crisis which includes but not limited to stock market crash
or asset-price crash;
Appendix 3
4
(b) exceptional operational failure such as wide-scaled black-out or system failure;
© underlying/allocated assets shall not be capable of being liquidated at appropriate price;
(d) the IAH‟s interest will be at jeopardy if redemption is not suspended; or
(e) any other event or circumstances which the Bank may at its reasonable discretion determine.
WARNING:
THE RETURNS ON THIS INVESTMENT ACCOUNT DEPENDS ON THE PERFORMANCE
OF THE ALLOCATED ASSETS. THE PRINCIPAL AND RETURNS ARE NOT
GUARANTEED AND INVESTMENT ACCOUNT HOLDER RISKS EARNING NO
RETURNS AT ALL OR LOSING PART OR THE ENTIRE PRINCIPAL SUM INVESTED. THIS
INVESTMENT ACCOUNT IS NOT INSURED BY PERBADANAN INSURANS DEPOSIT
MALAYSIA.