Wealth Management Solutions Campaign (“the Campaign”)
Terms and Conditions
1.
The Campaign Period
1.1
The Campaign is organized by CIMB Islamic Bank Berhad (“the Bank”) and commences on 2 January 2014 and
ends on
30 June 2014, both dates inclusive (“Campaign Period”). The Bank reserves the right to change the
duration, commencement and or expiry dates of the Campaign Period upon giving adequate notice.
2.
Eligibility
2.1
The Campaign is open to all individuals residing in Malaysia, including Malaysian citizens, permanent residents or
non Malaysian citizens, of 18 years and above, sole-proprietorships, partnerships, charitable / non-profit
organizations, corporate and commercial customer who make the relevant investment during the Campaign Period
subject to the terms and conditions herein (“Eligible Customer(s)”). The terms and conditions of the CIMB
Preferred Member can be found in www.cimbpreferred.com
2.2
Employees of the Bank, CIMB Bank Berhad and CIMB Investment Bank Berhad, are not eligible to participate in
the Campaign.
3.
Campaign
3.1
The Campaign consists of the following promotions:
3.1.1
Promotional Sales Charge for Investment in Participating Equity Shariah-compliant Unit Trust Funds
3.1.2
Promotional Sales Charge for Investment in Participating Equity Shariah-compliant Unit Trust EPF Funds
3.1.3
Promotional Sales Charge for Regular Investment Plan via Periodical Payment Instruction
3.1.3
Promotional Sales Charge for Investment in Shariah-compliant Private Retirement Scheme (PRS)
3.1.4
Special Sales Charge for 1 time Investor (Only for CIMB Preferred Customers and CIMB Prime Banking
st
Customers.
3.1.5
4.
Complimentary Gift for Investment in Participating Equity Shariah-compliant Unit Trust Funds
Promotional Sales Charge for Investment in Participating Equity Shariah-compliant Unit Trust Funds
4.1
Eligible Customers who invest in any selected Shariah-compliant unit trust funds from selected Unit Trust
Management Companies which shall be determined by the Bank at its sole and absolute discretion (“Participating
Equity Shariah-compliant Unit Trust Fund(s)”) during the Campaign Period will, subject to the terms and conditions
herein, be entitled to enjoy the relevant promotional sales charge (“Promotional Sales Charge”) as specified in the
table below based on the relevant investment amount.
Promotional Sales Charge
4.2
Investment Tier
Individual Customers
(Mass)
CIMB Prime
Banking Customers
CIMB Preferred
Customers
RM10,000 – RM99,999
3.50%
3.50%
3.50%
RM100,000 – RM499,999
3.00%
2.80%
2.50%
RM500,000 and above
2.50%
2.30%
2.00%
To be entitled to the Promotional Sales Charge, the Eligible Customer must invest a minimum of RM10,000 in a
single transaction in a Participating Equity Shariah-compliant Unit Trust Fund. Combination of investment amount
in different Participating Equity Shariah-compliant Unit Trust Funds is permitted provided the investment is in a
single transaction during the Campaign Period for purposes of ascertaining the investment amount and the
Promotional Sales Charge applicable.
Wealth Management Solutions Campaign (“the Campaign”)
4.3
To be entitled to the Promotional Sales Charge for CIMB Preferred/CIMB Prime Banking Customers, the Eligible
Customer must be a CIMB Preferred/CIMB Prime Banking customer at the point of investment in the Participating
Equity Shariah-compliant Unit Trust Fund.
4.4
The list of Participating Equity Shariah-compliant Unit Trust Funds is available upon request and is subject to
change from time to time by the Bank at its absolute discretion upon giving adequate notice.
4.5
The Promotional Sales Charge shall not be applicable for Eligible Customers who invest in any of the Participating
Equity Shariah-compliant Unit Trust Funds using their Employees Provident Fund (EPF).
In the event any
investment made by an Eligible Customer is to be partially paid using withdrawal from EPF (the “EPF Portion”), the
EPF Portion shall be excluded from the computation of the investment amount in the Participating Equity Unit
Trust Funds.
5.
Promotional Sales Charge for Investment in Participating Equity Shariah-compliant Unit Trust EPF Funds
5.1
Eligible Customers who invest in any Participating Equity Shariah-compliant Unit Trust EPF Funds during the
Campaign Period will be entitled to enjoy the promotional sales charge (“EPF Promotional Sales Charge”) as
specified in the table below.
5.2
Investment Amount
EPF Promotional Sales Charge
RM1,000 and above
2.88%
To be entitled to the EPF Promotional Sales Charge, Eligible Customers must invest a minimum of RM1,000
through the Bank in any Participating Equity Shariah-compliant Unit Trust EPF Funds using monies from their
Employees Provident Fund (EPF). Combination of investment amount in different Participating Equity Shariahcompliant Unit Trust EPF Funds is permitted provided the investment in the Participating Equity Shariah-compliant
Unit Trust EPF Fundsis from one (1) of the selected Unit Trust Management Companies..
5.3
The Participating Equity Shariah-compliant Unit Trust EPF Funds shall be determined by the Bank at its sole and
absolute discretion. The list of Participating Equity Shariah-compliant Unit Trust EPF Funds is available upon
request and is subject to change from time to time by the Bank at its absolute discretion upon giving adequate
notice.
6.
Promotional Sales Charge for Regular Investment Plan via Periodical Payment Instruction
6.1
Eligible Customers who sign up for any new Periodical Payment Instruction (PPI) during the Campaign Period in
any of the Participating Equity Unit Trust Funds as referred to in Clause 4, with a minimum monthly investment
amount of RM200 will be entitled to the PPI Promotional Sales Charge as specified in the table below in relation to
the periodical monthly investment:
Periodical Payment Instruction with Minimum
Monthly Investment Amount
PPI Promotional Sales Charge
RM200
2.00%
Wealth Management Solutions Campaign (“the Campaign”)
7.
Promotional Sales Charge for Investment in Shariah-compliant Private Retirement Scheme (PRS)
7.1
Eligible Customers who invest in Shariah-compliant Private Retirement Schemes (“PRS”) from CIMB-Principal
Asset Management Berhad (“CIMB-Principal”) during the Campaign Period will be entitled to enjoy the relevant
PRS Promotional Sales charge (“PRS Promotional Sales Charge”) as specified in the table below based on the
relevant investment amount and subject to the terms and conditions herein.
Investment Amount
PRS Promotional Sales Charge
Single Investment
Single investment amount of less than RM3,000
1.50%
Single investment amount more than or equal to RM3,000
0.00%
For Eligible Customers with age between 20-30 years old and
invest with a minimum investment of RM1,000 and above
0.00%
7.2 Combination of investment amounts in different Shariah-compliant PRS funds from CPAM is permitted provided
the investment is in a single transaction during the Campaign Period for purposes of ascertaining the investment
amount and the PRS Promotional Sales Charge applicable.
7.3 Eligible Customers who sign up for any new Monthly Regular Investment via Direct Debit during the Campaign
Period in Shariah-compliant PRS from CPAM will be entitled to the PRS Promotional Sales Charge as specified in
the table below :
Investment Amount
PRS Promotional Sales Charge
Monthly Regular Investment via Direct Debit
8.
Monthly investment amount of less than RM250
1.50%
Monthly investment amount of more than or equal to RM250
0.00%
st
Special Sales Charge for 1 time Investor
8.1
Eligible Customer who are CIMB Preferred Customers/CIMB Prime Banking Customers at the point of investment
and are new unit trust investors with the Bank i.e. with no unit trust account with the Bank whether as primary or
joint secondary account holder, are entitled to enjoy the Special Sales Charge as specified in the table below:
Investment Amount
RM50,000 and above
8.2
Participating Shariahcompliant Funds
Participating Shariahcompliant Equity and Sukuk
Unit Trust Funds
Special Sales Charge
CIMB Preferred
Customer
1.38%
CIMB Prime
Banking Customer
1.58%
To be entitled to the Special Sales Charge, the Eligible Customer must invest a minimum of RM50,000 in a single
transaction in any Participating Equity and Sukuk Shariah-compliant Unit Trust Funds. Combination of investment
amount in different Participating Equity and Sukuk Shariah-compliant Unit Trust Funds is permitted.
8.3
The Participating Equity and Sukuk Shariah-compliant Unit Trust Funds shall be determined by the Bank at its sole
and absolute discretion. The list of Participating Equity and Sukuk Shariah-compliant Unit Trust Funds is available
upon request and is subject to change from time to time by the Bank at its absolute discretion upon giving adequate
notice.
8.4
Each CIMB Preferred Customer/CIMB Prime Banking Customers shall be entitle to the Special Sales Charge once
only on a one-off basis For the avoidance of doubt the Special Sales Charge shall not be applicable for subsequent
transactions in any Participating Equity and Bond Unit Trust Funds during the Campaign Period.
8.5
The Special Sales Charge shall not be applicable for Eligible Customers who invest using their Employees
Provident Fund (EPF).
Wealth Management Solutions Campaign (“the Campaign”)
8.6
The Special Sales Charge is not valid in conjunction with other offers and promotion (if any) offered by the Bank in
relation to investment in the Participating Equity and Bond Unit Trust Funds. For the avoidance of any doubt,
investment amount made by CIMB Preferred Customers/CIMB Prime Banking Customers in the Participating Equity
Shariah-compliant unit trust Funds which has enjoyed the Special Sales Charge shall be excluded from the
computation of the investment amount referred to in Clause 9 for purposes of entitlement to the Complimentary Gift.
9.
Complimentary Gift for Investment in Participating Equity Shariah-compliant Unit Trust Funds
9.1
Eligible Customers who invest in the Participating Equity Shariah-compliant Unit Trust Funds with total combined
accumulated investment amount (“Accumulated Investment Amount”), stated in the table below during each
calendar quarter term (“Quarter”) will be entitled to the following corresponding Complimentary Gift
(“Complimentary Gift”)
RM50,000-RM99,999
Complimentary Gift
First Quarter : 2 January – 31 March 2014
PowerBank worth RM169/-
RM100,000-RM199,999
Royal Selangor Zodiac, Horse Figurine (Gold Plated) worth RM250/-
RM200,000-RM499,999
Digital Camera worth RM699/-
RM500,000-RM999,999
Airfryer worth RM1,199/-
RM1mil and above
iPad Air Wi-Fi (16GB) worth RM1,599/-
Accumulated Investment Amount
9.2
9.3
The periods for each Quarter are :
9.2.1
First Quarter : 2 January 2014 to 31 March 2014
9.2.2
Second Quarter : 1 April 2014 to 30 June 2014
The Complimentary Gift will be delivered to the Eligible Customer’s address in the Bank’s record within 60 working
days from the end of the each relevant Quarter.
9.4
Combination of Accumulated Investment Amount from both Quarters for the consideration of the Complimentary
Gift is not allowed.
9.5
In the event any investment made by an Eligible Customer is to be fully or partially paid using withdrawal from the
st
EPF and/or invested under Special Sales Charge for 1 time Investor for CIMB Preferred/CIMB Prime Banking
Customers, the investment portion(s) or amount(s) shall be excluded from the computation of the Accumulated
Investment Amount and shall be deemed to be a separate transaction.
9.6
Each Eligible Customer shall be entitled to a maximum of one (1) Complimentary Gift for each Quarter period set
out under Clause 9.2. For joint investments, only the primary account holder or principal investor shall be entitled
to the Complimentary Gift.
9.7
The details of Complimentary Gifts for the Second Quarter as referred to in Clause 9.2.2 shall be made available
from 31 March 2014 upon request from the Bank’s sales staff.
9.8
The Complimentary Gift(s) will be delivered to the Eligible Customer’s address in the Bank’s record within 60
working days from the end of the each relevant Quarter.
Wealth Management Solutions Campaign (“the Campaign”)
10.
Other Conditions
11.1
By participating in the Campaign, Eligible Customers are deemed to have read, understood and agreed to be
bound by the terms and conditions stated herein and agree that any and all decisions made by the Bank in relation
to every aspect of the Campaign including but not limited to the eligibility to participate in the Campaign,
entitlement to enjoy the Promotional Sales Charges, EPF Promotional Sales Charge, PPI Promotional Sales
Charge, PRS Promotional Sales Charge, Special Sales Charge for 1
st
time investor for CIMB Preferred
Customer/CIMB Prime Banking Customer, entitlement to the Complimentary Gift shall be final, binding and
conclusive.
11.2
In the event Eligible Customers exercise their cooling-off right, or the investment is rejected or cancelled by any
parties for whatsoever reason, the Eligible Customers shall not be entitled to the Complimentary Gift under the
Campaign.
11.3
The Complimentary Gift is non-exchangeable for cash, credit or kind, whether in part or in full. The Complimentary
Gift shall be subject to the terms and conditions of the supplier, manufacturer and/or merchant of the relevant
Complimentary Gift which terms and conditions are separate from the Bank’s terms and conditions governing the
Campaign.
11.4 To the fullest extent permitted by law, the Bank expressly exclude and disclaim any representations, warranties, or
endorsements, express or implied, written or oral, including but not limited to any warranty of quality,
merchantability or fitness for a particular purpose in respect of the Complimentary Gift.
11.5
The Bank reserves the right to substitute any Complimentary Gift under the Campaign with another item of similar
value upon giving adequate prior notice.
11.6
The Eligible Customer is required to sign all relevant standard documents and comply with all terms and conditions
in respect of his/her investment in the relevant products under the Campaign, which are separate from these terms
and conditions.
11.7
The Bank shall not be liable to any Eligible Customer or any party for any loss or damage of whatsoever nature
suffered by the Eligible Customer or any party (including but not limited to, loss of income, profits or goodwill,
direct or indirect, incidental, consequential, exemplary, punitive or special damages of any party) howsoever
arising, in relation to the participation or non-participation in the Campaign.
11.8
The Bank reserves the right to cancel, terminate or suspend the Campaign upon giving adequate notice. For the
avoidance of doubt, cancellation, termination or suspension by the Bank of the Campaign shall not entitle the
Eligible Customer or any other persons whatsoever to any claim or compensation against the Bank for any losses
or damages suffered or incurred as a direct or indirect result of the act of cancellation, termination or suspension.
11.9
The Bank reserves the right upon giving adequate notice to vary (whether by addition, deletion, modification,
amendment or otherwise howsoever) (“the Amendment”) any of the terms and conditions herein. Notification to
the Eligible Customer in respect of the Amendment shall be effected at the Bank’s absolute discretion through any
one of the following means of communication, namely, by ordinary mail to the Eligible Customer’s last known
address or by posting a notice regarding the Amendment at each of the Bank’s branches where detail provisions
regarding the Amendment may be provided in the notice itself or may be provided to the Eligible Customer upon
request or by effecting an advertisement regarding the Amendment in one newspaper of the Bank’s choice, or via
the Bank’s website or via electronic mail or by any other means of notice which the Bank may select and the
Amendment shall be deemed as binding on the Eligible Customer as from the date of notification of the
Amendment or from such other date as may be specified by the Bank in the notification.
11.10 These Terms and Conditions, as the same may be amended from time to time pursuant to Clause 11.9, shall
prevail over any provisions or representations contained in any other promotional material advertising the
Campaign.
Wealth Management Solutions Campaign (“the Campaign”)
11.11 Investments in the Shariah-compliant Unit Trust Funds are not obligation of, deposits in, guaranteed or insured by
the Bank and are subject to investment risks, including the possible loss of the principal amount invested. Eligible
Customers are advised to read the Prospectus of the relevant Fund(s) before investing. Eligible Customers should
also consider all fees and charges involved before investing. Past performance of the relevant Fund(s) is not an
indication of future performance and income distributions are not guaranteed. Eligible Customers should rely on
their own evaluation to assess the merits and risks of any investment. Eligible Customers who are in doubt as to
the action to be taken should consult their professional advisers immediately.
11.12 In the event of any complaints related to the Campaign, Eligible Customers may contact the Bank’s Customer
Resolution Department (CRU) bearing the following address, telephone, facsimile numbers and e-mail address (or
bearing such other address, telephone, facsimile numbers and e-mail address which the Bank may change by
notification to the Eligible Customers): Customer Resolution Unit, Level 19, Menara Bumiputra-Commerce, 11,
Jalan Raja Laut, 50350 Kuala Lumpur; Tel: 1-300-880-900; e-mail address: cru@cimb.com.
11.13 The Eligible Customer is not covered by the compensation fund under section 152 of the Capital Markets and
Services Act 2007 (CMSA). The compensation fund does not extend to the Eligible Customer who has suffered
monetary loss as a result of a defalcation or fraudulent misuse of moneys or other property, by a director, officer,
employee or representative of the Bank.
Where the Eligible Customer suffers monetary loss in the above
circumstances related to the acts of the Bank’s employees, the Eligible Customer may lodge a complaint with the
Bank’s Customer Resolution Unit (CRU) as set out in clause 11.12. The Eligible Customer who is not satisfied
with the Bank’s CRU's decision may refer the case to the Financial Mediation Bureau or the Securities Industry
Dispute Resolution Centre within six (6) months of receiving a final decision from CRU. The Eligible Customer
should note that his/her complaint will only be dealt with by either one of the above channel that the Eligible
Customer chooses to refer his/her case to.
11.14 If there is any inconsistency, conflict, ambiguity or discrepancy between the Bahasa Malaysia and English version
or other language version of these terms and conditions, the English version of these terms and conditions shall
prevail. Notwithstanding the aforementioned where request had been made by the Eligible Customer and noted
and acknowledged by the Bank in its records that the Bahasa Malaysia version of the terms and conditions shall
govern the operation of the Eligible Customer’s unit trust account, then the Bahasa Malaysia version of the terms
and conditions herein shall prevail.