CIMB ISLAMIC BANK BERHAD (671380-H)
(RD/T&C/CA-i/JULY2018)
23.3 In Freezing the Current Account-i pursuant to the terms and conditions herein including any action which may be
taken by the Bank such as returning any cheques or other instruments whether deposited for collection or payment
as provided herein the account holder agrees that the Bank shall not be held liable for defamation and or for breach
of contract and or for any losses damages expenses costs or charges whatsoever which may be claimed against
the Bank by the account holder or by any other person based on whatsoever grounds and regardless of whatsoever
remarks which may be assigned by the Bank for the return in connection therewith the account holder further
agrees and undertakes to keep the Bank fully indemnified against any claims for damages losses expenses
charges and costs (legal or otherwise including costs on a solicitors and client basis and party to party costs )
which may be made against the Bank by any other person .
23.4 The account holder further agrees that should the Bank be sued or be made a party in any suit arising out of the
Bank’s action in Freezing the Current Account-i herein or should the Bank before or after the Freezing of the
Current Account-i commence any suit including but not limited to any interpleader proceedings against any party
including the account holder for any appropriate relief or declaration to be made by any court, all penalties losses
damages claims expenses charges and costs (legal or otherwise including costs on a solicitors and client basis and
party to party costs ) which may be awarded by the court against the Bank or which the Bank may incur shall be
fully indemnified by the account holder .
23.5 In so acting pursuant to any terms, conditions and provisions herein the account holder agrees that the Bank shall
not be held liable or responsible for any losses, damages, expenses or costs whatsoever which may be claimed
against the Bank on the grounds that the Bank has not been fixed with notification of the relevant events mentioned
in this Clause 23.1 by reason of the notification being irregular, invalid, erroneous, mistaken, void, not effective or by
reason of any other grounds whatsoever. The term account holder wherever mentioned herein shall mean any one
or more or all of the account holder if the account holder is comprised of more than one person.
24. PRIVACY CLAUSE (FOR NATURAL PERSONS) Where the account holder are individuals (including but not limited
to sole proprietor, partnerships, registered businesses and associations) this Clause 24 shall apply
24.1 The account holder hereby confirm that the account holder have read, understood and agreed to be bound by the
CIMB Group Privacy Notice (which is available at www.cimbislamic.com) and the clauses herein, as may relate to
the processing of your personal information. For the avoidance of doubt, the account holder agrees that the said
Privacy Notice shall be deemed to be incorporated by reference into this Agreement.
24.2 In the event the account holder provide personal and financial information relating to third parties, including
information relating to your next-of-kin and dependents (where the account holder is an individual) or information
relating to your directors, shareholders, officers, individual guarantors and security providers (where the account
holder is a corporation), for the purpose of opening or operating your account(s)/facility(ies) with us or otherwise
subscribing to our products and services, the account holder (a) confirm that the account holder have obtained their
consent or are otherwise entitled to provide this information to the bank and for the bank to use it in accordance with
this agreement; (b) agree to ensure that the personal and financial information of the said third parties is accurate;
(c) agree to update the bank in writing in the event of any material change to the said personal and financial
information; and (d) agree to our right to terminate this agreement should such consent be withdrawn by any of the
said third parties.
24.3 Where the account holder instruct the bank to effect any sort of cross-border transaction (including to make or
receive payments), the details relevant to the cross-border transaction (including information relating to those
involved in the said transaction) may be received from or sent abroad, where it could be accessible (whether
directly or indirectly) by overseas regulators and authorities in connection with their legitimate duties (e.g. the
prevention of crime). In instructing the bank and/or the bank’s agents to enter into any cross-border transaction on
your behalf, the account holder agrees to the above said disclosures on behalf of the account holder and others
involved in the said cross-border transaction.
24.4 The Bank may at any time and from time to time now and/or in the future use a credit reporting/reference agency to
help make decisions, for example when the bank need to (a) check details on applications for credit and credit-
related or other facilities; (b) manage credit and credit-related accounts or facilities, including conducting reviews of
the account holder’s portfolio(s); recover debts; and/or any purpose related to or in connection with the
account/facility under this agreement. The account holder will be linked by credit reporting/reference agencies to
any other names the account holder use or have used, and any joint and several applicants. In this connection, the
account holder hereby authorize the Bank to disclose to such credit reporting/reference agency the account holder’s
consent to allow such credit reporting/reference agency to disclose the account holder’s credit information as
defined under the Credit Reporting Agencies Act 2010 to the Bank. The Bank may also share information about the