Terms & Conditions - Al-Arafah Islami Bank PLC.

1. Welcome

Welcome to Al-Arafah Islami Bank PLC’s official website (www.aibl.com.bd). The following terms and conditions govern your (and any person or entity you enable/allow access through your access) access and use of this website (“Site”), the contents contained herein (“Contents”) and the services offered on the Site (“Services”) with Islamic Wallet. Al-Arafah Islami Bank PLC (AIB PLC), a Scheduled Commercial Bank duly incorporated in Bangladesh under the Companies Act, 1994 carrying on its Banking business under the Banking Companies Act, 1991 having its Head Office at, Al-Arafah Tower, 63, Purana Paltan, Dhaka-1000, is engaged in banking business and also authorized by Bangladesh Bank to operate Mobile Financial Services (MFS) name as “Islamic Wallet”.

2. Acceptance of terms

2.1 In order to browse, use and/or access the Site and/or the Services you are required to agree to, comply with and be bound by the following terms and conditions. You will be deemed to have accepted these terms and conditions by browsing, viewing, accessing and/or using the Site and/or the Services offered on the Site.

2.2 If you disagree with any part of these terms and conditions, please do not continue to browse, use and/or access the Site and/or the Services.

2.3 In addition to these, there may be additional terms and conditions which apply to individual Services which you will be deemed to have accepted if you register for such Service.

3. Registration and use of the Services and/or Site

3.1 In order to access/use or continue to access/use the Site and/or certain Services, you may be required to provide certain personal information. You agree to provide true, accurate, updated, and complete information when registering at the Site or for such Services.

3.2 You agree to access/use the Site and/or Services only for purposes that are expressly permitted by

(i) these terms and conditions and

(ii) any applicable law, regulation, guideline or instruction from Al-Arafah Islami Bank PLC, the industry regulator or any other competent authority or any policy adopted by Al-Arafah Islami Bank PLC with regard to the acceptable access/use of the Site and/or Services.

3.3 You agree that you are solely responsible and liable for (and that Al-Arafah Islami Bank PLC has no responsibility to you or to any third party for) any breach of your obligations under these terms and/or conditions and for the consequences (including any loss or damage which Al-Arafah Islami Bank PLC may suffer) for any such breach.

4. Prohibited use of the Site, Services and/or Contents

4.1 You specifically agree not to access/use (or attempt to access/use) any part of the Site and/or Services through any form of automated means (including use of scripts or web crawlers) and shall ensure that you comply with, in addition to these terms and conditions, instructions set out in relation to the access/use of any part of the Site and/or Services.

4.2 You agree that you will not engage in any form of activity that interferes with or disrupts any part of the Site and/or Services (or the servers and networks which are connected to the Site and/or Services).

4.3 You agree that you will not reproduce, duplicate, copy, sell, trade or resell any part of the Site and/or Services for any purpose.

4.4 You, and any person or entity you allow to access/use the Site and/or Services through your internet access/access to the Site and/or Services, are not allowed to:

a) Copy, disclose, modify, reformat, display, distribute, license, transmit, sell, perform, publish, transfer, link to, reverse engineer or decompile (except to the extent expressly permitted by applicable law) or otherwise make available any part of the Site and/or Services except as set out in these terms and conditions;

b) Include or create links (including deep-links) to or from the Site and/or Services;

c) Replicate the Site and/or Services or create a separate border around any part of the Site and/or Services (also known as “framing”);

d) Use the Site and/or Services for storing, reproducing, transmitting, communicating or receiving any Offending Material. For the purpose of these terms and conditions, Offending Material means any content transmitted using the Site and/or Services that is:

(i) In breach of any law, regulation, guideline or instruction invoked by Al-Arafah Islami Bank PLC, industry regulator or any other competent authority or any policy adopted by Al-Arafah Islami Bank PLC with regard to the acceptable access/use of the Site and/or Services, or

(ii) Abusive, indecent, defamatory, obscene, pornographic, offensive or menacing or that has the effect (as may be contemplated by a reasonable person) of causing the recipient to feel so harassed, abused or offended; or

(iii) Designed to cause annoyance, inconvenience or needless anxiety to any person or entity; or

(iv) In breach of confidence, intellectual property rights, privacy or any right of a third party.

e) Hack into, make excessive traffic demands, probe or port scan other computers, deliver viruses, mail bombs, chain letters or pyramid schemes or otherwise engage in any other behaviour intended to inhibit other users from accessing/using any part of the Site and/or Services or any other website or services;

f) Collect and process others’ personal data except in accordance with applicable data protection law and these terms and conditions;

g) Advertise or offer to sell goods or services on the pretext that the same are endorsed, offered for sale or originate from Al-Arafah Islami Bank PLC;

h) Infringe any other person’s or entity’s intellectual property rights; i) Use the Site and/or Services to harvest or collect information about users of the Site and/or Services or to post or otherwise distribute unauthorized or unsolicited advertising, junk or bulk email (also known as “spam”);

(j) Use any part of the Site and/or Services in any way that we in our sole and absolute discretion consider objectionable, inappropriate, likely to injure our business, brand, goodwill, reputation or otherwise unacceptable;

j) Use the Site and/or Services to send emails and other content coached, phrased or written in such a manner as to give an impression that the email is correspondence from Al-Arafah Islami Bank PLC.

4.5 You are responsible for any misuse of the Site and/or Services even if it is by another person or entity using your access to the Site and/or Services.

4.6 We reserve the right to block, remove, edit or refuse to post any material that you attempt to transmit through the Site and/or Services that we deem to be in contravention of these terms and conditions and to take such other action as we in our sole and absolute discretion consider necessary to prevent or remedy any breach of these terms and/or conditions. If you become aware of any content or material circulated using the Site and/or Services that is in breach of these terms and/or conditions, Contents or materials on the Site and/or Services then we encourage you to promptly inform us by contacting our customer care center at 16247. We are not responsible or liable for any failure to remove, block, edit or delay in removing, etc. any such infringing content or material or third-party material from the Site and/or Services or for any good faith but wrongful removal of third-party material.

5. The information we may collect

5.1 We may collect, inter alia, the following information from you:

(a) Full Name;

(b) Shop/Business/Institute Name;

(d) Contact Information including Mobile Number, E-mail Address; and

(e) Other Information relevant to Registration, Surveys, and/or offers.

5.2 If you do not wish to register, we may not collect any personal information from you and you may visit our site anonymously. However, you will be bound by these terms and conditions with regard to access/use of this Site and/or Services.

6. Use of your Information

6.1 Al-Arafah Islami Bank PLC may hold and use information provided by you for a number of purposes, which may include:

(a) Carrying out any activity in connection with a legal, governmental or regulatory requirement on Al-Arafah Islami Bank PLC in connection with existing or prospective legal proceedings or in respect of any crime or fraud prevention, detection or prosecution.

(b) Monitoring and/or recording of your communications for Al-Arafah Islami Bank PLC’s business purposes such as marketing, quality control and training, prevention of unauthorized use of Al-Arafah Islami Bank PLC’s technical systems and ensuring effective systems operation in order to prevent, detect or prosecute any crime or fraud.

(c) Share such information with third parties for Al-Arafah Islami Bank PLC’s business purposes such as marketing, quality control and training, acquisition of customers, agents, and/or merchants, customer services, etc.

6.2 In addition to the above, any information we may collect from you may be used, inter alia, for the following purposes:

(a) To provide Al-Arafah Islami Bank PLC Products and Services;

(b) For internal record keeping;

(c) To improve the Site (we continually strive to improve our website based on the information and feedback received from you);

(d) To send periodic e-mails;

(e) To administer a contest, promotion, survey or other Site feature

6.3 We implement a variety of security measures to maintain safety to hold and store your personal information. However, neither we nor any third parties provide any warranty or guarantee as to the security and safety measures related to the storage of your personal information.

7. Intellectual Property Rights

7.1 All copyright, trademarks, patents, brand names, corporate names and other intellectual property rights in any material or content (including without limitation software, data, applications, information, text, photographs, music, sound, videos, graphics, logos, symbols, artwork, designs, layout, look, appearance and other material or moving images) contained in or accessible via the Services (“Contents”) is either owned by Al-Arafah Islami Bank PLC or has been licensed to Al-Arafah Islami Bank PLC by the rights’ owner(s) for use as part of the Services and/or on the Site. The Al-Arafah Islami Bank PLC name, logo and the bird device/mark are registered trademarks of Al-Arafah Islami Bank PLC. All trademarks reproduced herein, which are not the property of or licensed to Al-Arafah Islami Bank PLC, are the property of their respective owners.

7.2 You are only allowed to access/use the Site and/or Services as set out in these terms and conditions. If you wish to access/use the Contents or any part thereof for any other purpose other than reviewing it on the Site, then you will be required to obtain the prior written permission of the owner of the rights in that material. All rights are expressly reserved.

7.3 Having noted the above you shall not be entitled in respect of any Contents (wholly or partly):

(a) To reproduce, duplicate, copy, sell, trade or resell any part of the Contents for any purpose; or

(b) To pass any part of the Contents on to third parties or to allow third parties to access/use any part thereof for any purpose in any way unless and to the extent expressly permitted; or

7.4 Any unauthorized access/use of this Site, Services and/or Contents may give rise to a claim for damages, penalty, losses, legal suit and/or amount to a criminal offence. Further, you will also be liable for all costs and consequences arising out of any claim, demand, penalty, proceeding or legal suit (civil or criminal) initiated as a result of your unauthorized access/use of this Site, Services and/or Contents.

7.5 Any unauthorized use, reproduction or alteration of the Al-Arafah Islami Bank PLC name, logo, the bird device/mark and/or any components of the same are strictly prohibited and Al-Arafah Islami Bank PLC will utilize all resources to claim, demand, bring legal proceedings against such unauthorized use, reproduction or alteration and extend all out efforts to penalize, prosecute and seek compensation, damages, losses and costs from such persons or entities.

8. No Warranties

8.1 Any information or materials provided herein is solely for your personal information and convenience, and is not intended for commercial use, nor for trading or investing purposes, and therefore should not be treated as a representation or offer of any kind. Such information or materials are not appropriate for the purposes of making a decision to carry out a transaction or trade, nor does it provide any form of advice (investment, tax, legal) amounting to investment advice, or make any recommendations regarding particular financial instruments, investments, products or services.

8.2 The information contained in this Site, Services and/or Contents may be out of date and/or may contain other errors or omissions. Al-Arafah Islami Bank PLC provides the Services and Contents on the Site “as is” and makes no warranties of any kind, either express or implied, with respect to the Services and/or the Contents (including without limitation regarding their satisfactory quality, freedom from viruses or other harmful components, fitness for a particular purpose, suitability, reliability, timeliness, accuracy, completeness, security or that they are free from error).

8.3 Neither Al-Arafah Islami Bank PLC nor any third party provides any warranty or guarantee or assume any liability or responsibility as to the accuracy, timeliness, performance, completeness, suitability or otherwise of the information or materials (including but not limited to Contents, Services, activities or offers) found, offered or represented on this Site for any particular purpose. You acknowledge that such information, materials, Contents, Services, activities or offers may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law.

8.4 Al-Arafah Islami Bank PLC reserves the right to replace or amend the features, facilities and charges, and the information and materials pertaining to such features, facilities and charges, in relation to the Services, Contents, Site and Al-Arafah Islami Bank PLC Products and Services at any time. All Al-Arafah Islami Bank PLC Products and Services offered are subject to the standard Terms and Conditions for Al-Arafah Islami Bank PLC Products and Services.

9. Third Party Hyperlinks and Websites

9.1 From time to time, this Site may also include links to other websites. These links are provided for your convenience and to provide further information only.

9.2 The inclusion of such links to third party websites not controlled by us does not imply any endorsement by us of such websites and as such any transaction you may make with any third party flowing from such links is carried out entirely at your own risk and we accept no liability for any damages or losses that you may suffer as a result.

9.3 These third-party websites have separate and independent terms and conditions and privacy policies for their access/use. Neither we nor any third parties provide any warranty or guarantee or assume any liability or responsibility as to the accuracy, timeliness, performance, completeness, suitability or otherwise of the information or materials (including but not limited to contents, services, activities or offers) found, offered or represented on the linked website(s) for any particular purpose. You acknowledge that such information or materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. Al-Arafah Islami Bank PLC explicitly disclaims any responsibility or liability as to any consequential losses or damages arising as a consequence of any of the above.

10. Use of Cookies

10.1 AIB PLC do not use cookies at or in our Site. However, we do not take any responsibility of any third-party websites whose links have been included in our Site as to whether such websites use cookies or not.

11. Terms & Conditions Regarding Add Beneficiary Account Service

11.1 Customer hereby authorizes Al-Arafah Islami Bank PLC (“AIB PLC”) to share his/her KYC information (i.e. NID number, Date of Birth, Mobile Number used to open Islamic Wallet) with his/her selected Bank so that such information can be matched with the Bank Account and it can be verified whether the customer is the holder of both the Islamic Wallet and the Bank Account. Without such verification, linking of Bank Account with Islamic Wallet will not be established.

11.2 Customer needs to ensure that his/her mobile number registered with the Bank and the Mobile Number used to open his/her Islamic Wallet are the same so that when OTP (one-time password) is generated by the Bank to link the CBS account for Add money to Islamic Wallet. The OTP is sent to ensure the real holder of both Islamic Wallet and Bank Account is Same Person.

11.3 AIB PLC shall not be held liable if linking is failed due to incorrect bank information provided by the customer, KYC information of the customer does not match with that of the Bank Account or his/her mobile number registered with the Bank and the Mobile Number used to open Islamic Wallet are different.

11.4 Customer is required to enter correct OTP for the purpose of linking the Bank account for Add Money. Customer is also required to enter PIN of his/her Islamic Wallet to Transfer Fund. Customer must ensure confidentiality, custody and protection of the PIN of his/her Islamic Wallet and the OTP provided by bank and/or AIB PLC. AIB PLC shall not be held accountable for any consequences in case PIN, OTP or the Islamic Wallet is compromised by the customer.

11.5 AIB PLC shall not be liable for any Add Money/Transfer Fund being rejected by the system for the mistake/noncompliance of rules by the customer.

11.6 Customer must ensure that the status of the concerned Bank Account is active (is not frozen, dormant or others) and transactions are allowed in the concerned Bank Account. AIB PLC shall not be liable for any unsuccessful transaction due to such status of the Bank Account

11.7 AIB PLC may cancel, reverse or modify any transaction or debit any Islamic Wallet to correct any mistake, overpayment or for any other reasonable grounds after proper investigation. If such cancelation, reversal or debit is made by AIB PLC, customer will be duly notified.

11.8 AIB PLC shall not be liable for any delay made by the concern Bank to credit the customer’s Bank account through Transfer Fund.

11.9 The Customer shall be bound to bear the fees/charges imposed by AIB PLC which may vary from time to time for Linked Account Services or relevant services associated with his/her Islamic Wallet

11.10 In case of non-delivery of OTP, pending Add Money or any other issue associated with the Bank Account, customer can contact to the Customer Service of the Bank.

11.11 In case of pending Transfer Fund or any other issue associated with Islamic Wallet, customer can contact the Customer Service of AIB PLC by calling 16434.

11.12 AIB PLC reserves the right to add, remove and modify the existing terms and conditions for the Linked Account Service at any time as AIB PLC deems necessary without giving any prior notice to the customer.

11.13 These Terms and Conditions are supplementary to the terms and conditions mentioned in the Customer KYC. By accepting this customer shall be deemed to have read and understood these Terms and Conditions.

11.14 Card Issuing Bank may impose charge separately on issued card for Add Money from Card

12. No Warranties

12.1 Any information or materials provided herein is solely for your personal information and convenience, and is not intended for commercial use, nor for trading or investing purposes, and therefore should not be treated as a representation or offer of any kind. Such information or materials are not appropriate for the purposes of making a decision to carry out a transaction or trade, nor does it provide any form of advice (investment, tax, legal) amounting to investment advice, or make any recommendations regarding particular financial instruments, investments, products or services.

12.2 The information contained in this Site, Services and/or Contents may be out of date and/or may contain other errors or omissions. Al-Arafah Islami Bank PLC provides the Services and Contents on the Site “as is” and makes no warranties of any kind, either express or implied, with respect to the Services and/or the Contents (including without limitation regarding their satisfactory quality, freedom from viruses or other harmful components, fitness for a particular purpose, suitability, reliability, timeliness, accuracy, completeness, security or that they are free from error).

12.3 Neither Al-Arafah Islami Bank PLC nor any third party provides any warranty or guarantee or assume any liability or responsibility as to the accuracy, timeliness, performance, completeness, suitability or otherwise of the information or materials (including but not limited to Contents, Services, activities or offers) found, offered or represented on this Site for any particular purpose. You acknowledge that such information, materials, Contents, Services, activities or offers may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law.

12.4 Al-Arafah Islami Bank PLC reserves the right to replace or amend the features, facilities and charges, and the information and materials pertaining to such features, facilities and charges, in relation to the Services, Contents, Site and Al-Arafah Islami Bank PLC Products and Services at any time. All Al-Arafah Islami Bank PLC Products and Services offered are subject to the standard Terms and Conditions for Al-Arafah Islami Bank PLC Products and Services.

13. Terms And Conditions Regarding Transfer Fund & Credit Card Bill Payment Service

13.1 Customer is required to choose the correct Bank and insert the Bank Account information correctly while adding Bank Account in the Islamic Wallet app to Transfer Fund from his/her Islamic Wallet to Bank Account(s) (“Transfer Fund”). Al-Arafah Islami Bank PLC (“AIB PLC”) will not be liable if money is not transferred or transferred to an unintended Bank Account due to incorrect information.

13.2 Customer is required to choose the correct Bank and insert the Card information correctly while Credit Card Bill Pay Service. AIB PLC shall not be liable if credit card bill was paid to an unintended Credit Card due to incorrect information.

13.3 Customer shall enter the Islamic Wallet PIN to confirm the addition of Bank Account. He/she shall ensure that his/her Islamic Wallet PIN is not shared with anyone else.

13.4 The user shall be solely and personally responsible for maintaining and ensuring the maximum secrecy and security of his/her Islamic Wallet’s PIN and AIB PLC shall not be held liable for any fraud and/or loss borne by the user as a result of misuse of PIN due to user’s negligence and/or breach of PIN secrecy or privacy of Islamic Wallet. User must not share the PIN with anyone. The user shall remain fully liable to accept and acknowledge the liabilities of the transaction affected through the use of user’s Account by any person whether with or without knowledge of the user and irrespective of whether authorized by user or not.

13.5 Once a Transfer Fund/Credit Card Bill payment is completed, it cannot be reversed by AIB PLC. Therefore, the customer should ensure that the correct Bank Account/Card details are entered while adding Bank Account/Transferring Fund/Using Credit Card Bill Payment Service.

13.6 AIB PLC will not be liable for any Transfer Fund/Bill Payment is rejected by the system for the mistake/non-compliance of rules by the customer

13.7 AIB PLC will not be liable if any Transfer get reversed by the concern Bank or Bangladesh Electronic Funds Transfer Network (BEFTN) system.

13.8 AIB PLC will not be liable for any delay by the concern Bank to credit customer’s selected Bank Account.

13.9 In case of pending Transfer Fund and any other queries, customers are requested to contact the Customer Service of AIB PLC by calling 16434.

13.10 AIB PLC reserves the right to add, remove and modify the terms and conditions for Transfer Fund if required.

13.11 AIB PLC will maintain strict confidentiality relating to the information of user and his/her transactions. However, you acknowledge that AIB PLC shall have the right to monitor your Account usage and may disclose personal information to any of the following:

a) Any regulatory, supervisory or government authority having jurisdiction over AIB PLC

b) Any person to whom AIB PLC is required or authorized by law or a court of law to disclose such information

c) Any organization, service provider or financial institution for the purposes of carrying out permissible outsourced functions and activities of AIB PLC

13.12 Card Issuing Bank may impose charge separately on issued card for Credit Card Bill Payment Services

14. Liability

14.1 You are responsible to verify the authenticity of the recipient(s) and the nature of the transaction(s) before doing any transaction. You are also responsible to verify the accuracy and to be careful about entering ‘Receiver Islamic Wallet Account Number’, ‘Merchant Islamic Wallet Account Number’, ‘Agent Islamic Wallet Account Number’, ‘Amount’, ‘Islamic Wallet Mobile Menu PIN’, ‘Islamic Wallet ATM Cash Out PIN’, ‘Security Code’, ‘Secret Code’, ‘Bank Account Information for Fund transfer’, ‘Credit Card Information’, ‘Bill Pay details information’ and other information relating to your Islamic Wallet Account transactions. You must never share your ‘Islamic Wallet Mobile Menu PIN’, ‘Islamic Wallet ATM Cash Out PIN’, ‘Security Code’, ‘Secret Code’ or any other information of a secure nature with anyone. Islamic Wallet provides a secure transaction platform only, and will not be liable in any way for any human error, misrepresentation or fraudulent activity arising from use of the Al-Arafah Islami Bank PLC Products and Services.

14.2 Your use/access of any information or materials on this Site is entirely at your own risk. It shall be your own responsibility to ensure that any products, services, or information available through this Site meet your specific requirements. We shall not be liable or responsible in any regard whatsoever for your use/access of any information or materials on this Site.

14.3 Al-Arafah Islami Bank PLC shall not be liable for any loss of use, access, profits or data or any direct, indirect, special or consequential damages or losses, whether such losses or damages arise in contract, negligence, tort or otherwise including without limitation to the foregoing any damages or losses in relation to:

(a) Your use of, reliance upon or inability to use the Site, Services and/or Contents;

(b) If you are dissatisfied or you do not agree with any part of the Site, Services, Contents and/or any of these terms and conditions, your sole and exclusive remedy is to discontinue your use/access of this Site, Services and/or Contents.

15. Indemnity by Users

15.1 Users irrevocably agree to indemnify Al-Arafah Islami Bank PLC and any of our third party providers (hereinafter collectively referred to as the “Indemnified Parties”) fully against and to hold the Indemnified Parties harmless on demand from all losses, damages, demands, claims, proceedings, suits, costs and expenses (including reasonable legal costs and expenses) and liabilities howsoever incurred by the Indemnified Parties as a result of any claims, demands, proceedings or suits by a third party resulting from your use/access of the Site, Services and/or Contents in breach or non-observance of these terms and conditions.

15.2 We shall notify you of any such claims, demands, proceedings or suits that we or any of the other Indemnified Parties receives and you hereby agree to provide us and/or any of the Indemnified Parties with full authority to defend or settle such claims, demands, proceedings or suits and shall provide us and/or any of the Indemnified Parties with all reasonable assistance necessary to defend or settle such claims, demands, proceedings or suits at your sole cost and expense.

16. General

16.1 The information and materials provided in relation to the Contents and Services on the pages of this Site are for your general information and use/access only and any part of such information and materials is subject to change without notice at our sole discretion.

16.2 Al-Arafah Islami Bank PLC reserves the right to review, revise, amend and/or change the Services, Contents, Site, its policies and/or these terms and conditions at any time without any prior notice and you will be deemed to have been bound by such revision, amendment or change by continuing to use/access the Site, Services and/or Contents.

16.3 The construction, validity and performance of these terms and conditions shall be governed in all respects by the prevailing laws of Bangladesh. Your use/access of this Site and any dispute arising out of such use/access of the Site is also subject to the prevailing laws of Bangladesh.

16.4 If any or any part of the provisions of these terms and conditions are declared by any judicial or other competent authority to be void, voidable, illegal or otherwise unenforceable, such a term shall be amended or at the discretion of Al-Arafah Islami Bank PLC it may be severed from these terms and conditions and the remaining part of the affected provision and other remaining provisions of these terms and conditions shall remain in full force and effect.

16.5 Except where these terms and conditions provide otherwise, the rights and remedies contained herein are cumulative and not exclusive to rights and remedies provided by law. The failure by Al-Arafah Islami Bank PLC to enforce at any time or for any period any one or more of the terms and conditions shall not be a waiver of them or of the right at any time subsequently to enforce all terms and conditions.

16.6 No delay or failure by Al-Arafah Islami Bank PLC shall constitute a breach or give rise to any claim for damages or loss including loss of anticipated profits if such delay or failure is caused by force majeure. Force majeure shall mean an occurrence which is beyond and without fault or negligence of Al-Arafah Islami Bank PLC and which Al-Arafah Islami Bank PLC is unable to prevent or provide against by the exercise of reasonable diligence including, but not limited to, acts of God or of the public enemy, appropriation of confiscation of facilities, terrorist activity or other catastrophe, strike or any other concerted acts of employees or other similar occurrences.

16.7 You shall not assign these terms and conditions to a third party. Al-Arafah Islami Bank PLC may assign these terms and conditions in whole or part to any third party at its discretion.

16.8 You acknowledge that in agreeing to these terms and conditions you do not rely on, shall have no remedy in respect of, any statement, representation, warranty, guarantee or understanding (whether negligently or innocently made) of any person (whether party to these terms and conditions or not) other than as expressly set out in these terms and conditions as a warranty.

16.9 By visiting www.aibl.com.bd , you agree that the laws of the People’s Republic of Bangladesh, irrespective of principles of conflict of laws, will govern these terms and conditions and any dispute of any sort that might arise between you and Al-Arafah Islami Bank PLC.

16.10 In the event that we decide to permanently withdraw the Services, Contents and/or the Site, Al-Arafah Islami Bank PLC shall not be liable to you for any ensuing loss or damage occasioned to you from such a suspension, change or termination. Termination shall however not affect your accrued liabilities towards us.