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CONTENTS
BIL.| CONTENTS| PAGE|
1.| Contents| 1|
2.| Introduction| 2|
3.| Al-Wadiah ( Trusteeship)| 2|
4.| Definition of Al-Wadiah| 2|
5.| 1) Al-Wadiah Saving Account :| 2|
| Features| 2|
| Benefits| 3|
| Target Customers| 3|
| How to applt / Documents Required| 3|
6.| 2) Al-Wadiah Current Account :| 4|
| Features| 4|
| Benefits| 4|
| Target Customers| 4|
| How to apply / Documents Required| 5|
7.| Al-Mudharabah (trustee profit-sharing)| 6|
8| Defination of Al-Mudharabah | 6|
9| Objective| 6|
10| Example| 7|
11| Rules and Regulations Governing the Operations of Mudharabah Savings Account-I : BANK ISLAM MALAYSIA BERHAD :| 8 - 12| 12| SERVICES OF BANK ISLAM MALAYSIA BERHAD| 13|
| Pewani Savings Account-i| 13|

INTRODUCTION
The legal basic for the introduction of banking products along Islamic principles is the Islamic Banking Act 1983, which came into effect on 7 April 1983. The Islamic Banking Act provides the Central Bank with the power to supervise and regulate Islamic bank similar to the case of other licensed bank. The are 13 Islamic banking instruments that have been used in Malaysia. Included Al-Wadiah, Al-Mudharabah, Al-Musyarakah, Al-Bait Bithaman Ajil, Assalam, Al-Murabahah, Al-Ijarah, Al-Wakalah, Al-Kafalah, Ar-Rahn, Al-Qardhul Hassan, Al-Hiwalah, and Al-Dayn.

Al-Wadiah (Trusteeship)
Definition of Al-Wadiah.
Just like conventional banking savings account, wadiah enable depositor deposit fund into banking institution considered as keeper and fund trustee. Banking institution party will guarantee repayment all deposit on or part of outstanding amount when depositor ask. Depositor might be given 'gift' (prize) above banking institution discretion , as a form banking institution parties appreciation to depositor for allowing application of fund.

1) Al Wadiah Saving Account
It is a savings account based on Islamic contract of Al Wadiah. Al Wadiah refers to a concluded contract between the owner (depositor) of the goods (the money) and the custodian (Bank) for safekeeping. The depositor grants the Bank their permission to utilize the money for whatever purpose permitted by SYARIAH. The Bank in return guarantees the value of the deposit thus creating a Wadiah Yad-Dhamanah contract. Features

| * Passbook;|
| * ATM card (on application);|
| * Minimum Deposit RM100.00;|
| * To be accepted under the contract of Al-Wadiah Yad Dhamanah.Benefits | * Full ATM functions (for card-holders only);| | * Available for joint account;|
| * Funds available upon demand;|
| * Inter branch transactions allowed.|

Target Customers | * Individuals 12 years and above;|
| * Children below 12 years old (in trust account);|
| * Clubs/Associations/Societies etc. whose activities are not prohibited by Syariah.|

How to Apply / Documents Required | * Application needs to be made in person;| | * A Photocopy of Identity Card;|
| * Savings Account for a child below 12 years old needs to be applied by the parent or guardian.|
|

2) Al Wadiah Current Account
It is a current account based on the Islamic contract of Al-Wadiah. Al-Wadiah refers to a concluded contract between the owner (depositor) of the goods (the money) and the custodian (Bank) for safe-keeping. The depositor grants the Bank their permission to utilize the money for whatever purpose permitted by SYARIAH. The Bank in turn guarantees the value of the deposit thus creating a 'Wadiah Yad-Dhamanah' contract.  Features 

* | * Cheque Book;|
| * Muamalah ATM Card upon request (personal account);| | * Monthly statement;|
| * Minimum Deposit of RM1,000.00;|
| * A service charge of RM100.00 for each cheque which is returned unpaid due to insufficient funds;|
* | * A service charge of RM10.00 per instruction for stop payment...
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