In the event of early termination of any WWFD-i arrangement for any Eligible Account, the account
holder(s) agree that the Murabahah Sale Price (after deducting the Security Deposit) payable by the Bank
will be reduced in accordance with the CIMB Bank Terms and Conditions Governing the Operations of
Deposits Account (as may be amended, varied or supplemented from time to time) (“Deposit Terms and
Conditions”) as follows:
(a) if the tenure of deposit is 3 months and below, early withdrawal will be allowed by the Bank subject
to the account holder’s agreement to provide rebate/ibra’ in which case no profit shall be paid;
(b) if the tenure of deposit is 4 months and above, and withdrawal is made before completion of 3 months,
the account holder agrees to provide rebate/ibra’ in which case no profit shall be paid;
(c) other than the above circumstances, if withdrawal is made before maturity, the account holder agrees
to provide rebate/ibra’ based on the following formula:
Rebate/Ibra’ = Murabahah Sale Price – [(P x R% x t/T x 50%) + P]
Murabahah Sale Price = Principal + Profit (upon maturity)
P = Principal (amount of deposit)
R = Profit rate (%)
t = Tenure (based on completed months)