Sunday, 19 August 2018,   06 Zulhijjah 1439H

logo_bsn_notice.gif

  NOTICE

TRANSITION OF ISLAMIC DEPOSIT PRODUCTS BASED ON WADI'AH TO QARD

 

 

Dear valued customers,

Thank you for choosing BSN as your preferred banking partner and for your continuous support.

Bank Negara Malaysia (BNM) policy document on "Qard" dated 3rd August 2016 on Clause 22 stipulates the requirement for Islamic Financial Institutions (IFIs) to revise all products based on Wadi'ah yad Dhamanah to Qard.

Hence, Islamic Deposit Products based on Wadi'ah contract will be reclassified to Qard contract effective 1st March 2018.

Here are common salient points for this reclassification:

» No effect to your account balance.
» All related functions and services such as account number, BSN Debit card (Islamic), BSN Debit card (Islamic) access PIN numbers and internet banking access, will not be affected and remain the same for your convenience.
» No charge or fee will be imposed on your account.
» The terms and conditions of the product shall remain including the deposit guaranteed by Government of Malaysia.
   

For further information, you may refer to the attached Frequently Asked Questions (FAQs) or call our BSN Contact Centre at 1300 88 1900.

 

Thank you.

 

FAQ : Transition of Islamic Deposit Product