Dear valued customers,

Please be informed that, all Islamic deposit products that are structured based on Shariah contract of Qard will be converted to Shariah concept of Tawarruq with effect from 01 March 2021.

The products involved in this conversion are as follows:

• BSN GIRO-i*
• BSN GIRO-i Company Account
• BSN GIRO-i eSaver
• BSN Basic Savings-i

*Notes: Including all schemes such as BSN MyFirst, BSN Smart Junior (BSJ) and Skim Galakan Simpanan Pelajar (SGSP).

Here are the common salient points for this conversion:

• No effect to your account balance.
• There is no action required on your part.
• 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.
• Profit rate is pre-determined and payable to you.
• Deposit guaranteed by Government of Malaysia.

By maintaining your deposit with us after the conversion, you would have deemed to have given your consent and agreement to the conversion exercise and also appointed the Bank to act as your agent to execute and do all acts for the purchase and sale of the assets in accordance with the Terms and Conditions under the Tawarruq concept.

By maintaining the deposit with the Bank, the appointment of the Bank as an agent for you will be continued and only be terminated concurrently upon dissolution of Tawarruq contract between you and the Bank.

Click here to view Frequently Asked Questions (FAQs) and here to view the product Terms and Conditions.

If you disagree with this conversion, please visit the nearest BSN Branch before the effective date.

For further information, visit www.bsn.com.my or call BSN Contact Centre at 1300-88-1900.

Thank you.

05 February 2021