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TERMS AND CONDITIONS OF USE OF AL-SALAM BANK-BAHRAIN BSC’S WEBSITE
Acknowledgement and acceptance of Terms
This website (the “Website”) is owned and maintained by Al-Salam Bank-Bahrain BSC (the "Bank", “our”, “us” or “we”). The use of the Website and access to any of our products and services through the Website (including, but not limited to, our on-line banking facility (the “On-line Banking Facility”) is subject to the following terms and conditions (the “Terms”) which you should read carefully. In consideration of us providing access to the Website you acknowledge and agree that you have read and understood and agree to be, without limitation or qualification, legally bound by these Terms. If you do not accept these Terms, please do not use the Website.
Use of website
Access to the Website is free of charge. The costs of accessing and using the telecommunications network shall be borne by the user, under the terms and conditions set by the access providers and telecommunications operators.
The information provided and any opinions expressed on the Website or in any communication containing a link to the Website is for personal use and informational purposes only and is not intended for distribution to, or use by, any person or entity in any jurisdiction in any country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.
Unless expressly stated otherwise, the information and any opinion on the Website does not constitute an offer under any applicable legislation of any products or services provided by us or an inducement, solicitation or invitation to enter into a legally binding contract in connection therewith. Nothing on the Website is intended to constitute or be taken as financial, investment or professional advice or be deemed to constitute the offer or provision of financial, investment or other professional advice in any way. In particular, you should obtain advice from a qualified expert before making any investment decision.
In order to maintain the security of our systems, protect our staff and detect fraud and other crimes, we reserve the right to monitor all internet communications, including web and email traffic, into and out of our Website. Monitoring includes checks for, but not limited to, viruses and other malignant code or criminal activity.
You agree not to attempt to transfer any material of any kind to the Website which contains a computer virus, spyware, malicious software, trojans and worms or any harmful component and not to otherwise attempt to alter the content of the Website. You agree that you are wholly responsible for use of the Website by any person using your computer and you agree to ensure that any such person complies with these Terms. You agree to immediately notify us of any unauthorised use of your e-mail address, log-in details or any other breach of security.
Access to the Bank’s on-line banking facility
You irrevocably and unconditionally accept as binding any transaction and/or instruction made or given while using the On-line Banking Facility. Our records of any transaction or instructions processed while using the On-line Banking Facility shall constitute binding and conclusive evidence of such transaction or instruction for all purposes.
You shall safeguard and maintain as secret your log-in information (including PIN, user identification, passwords and all other items included in the security procedures, or any other authentication methods/devices, as we may provide from time to time in connection with use of the On-line Banking Facility, from being disclosed to any third parties or unauthorized personnel.
You agree and acknowledge that we are not required to make any investigations regarding the identity of the user gaining access to the On-line Banking Facility, other than the PIN, user Identification and/or passwords provided in the security procedure, and any other additional security methods/devices implemented by us at our discretion. You will be liable for the usage of the PIN, user Identification and/or passwords and any other authentication methods/devices used to access this service by authorized personnel, unauthorized personnel or any other third parties.
We can reasonably rely on the authenticity of transactions conducted by a user accessing the On-line Banking Facility by use of the security procedures. If we have reason to doubt the genuineness of any instruction or transaction, we may, in our sole discretion, choose not to process the instruction and/or transaction initiated through this service.
We own all information stored and transmitted through the On-line Banking Facility and shall have the right to review, monitor, change or delete such information for security or administrative or any other purpose. You acknowledge that we will not provide you with any type of hardware and/or software for enabling the usage of the On-line Banking Facility.
We may at our discretion include additional banking products or services in connection with the On-line Banking Facility or discontinue some of the banking products and services provided in connection with the On-line Banking Facility, restrict the usage of the PIN, user Identification and/or passwords and/or any other authentication methods/devices and restrict or terminate your use of the On-line Banking Facility.
You acknowledge that access to some of the banking products or services available through the On-line Banking Facility may require additional processing within the Bank which may take time because of differences in time, business hours and business days between the place where the instruction or transaction is received and the place of accounts to be debited or credited.
Exclusion of liability
These 'Exclusion of Liability' provisions should be read carefully as they exclude or limit our legal liability in connection with your use of the Website. Nothing in these Terms and in particular within the 'Exclusion of Liability' clauses shall attempt to exclude liability that is not permissible under applicable law or to restrict our duties and liabilities to you under the relevant regulatory requirements and conduct of business rules to which the Bank is subject.
While we have taken all reasonable steps to ensure the accuracy and completeness of the content of the Website, we exclude any warranties, undertakings or representations (either express or implied) to the full extent permitted under applicable law, that the Website or (including without limitation) all or any part of the content or materials, accuracy, availability or completeness of the content of the Website or any part of the content or materials are appropriate or available for use either in the Kingdom of Bahrain or in other jurisdictions.
We shall not be liable (including, without limitation, in contract, tort, negligence, statutory duty or otherwise) to the maximum extent permitted by applicable law for any losses, damages or expenses (including legal costs) whatsoever suffered by you or any third party arising out of the use of or access to the Website (whether authorised or not) which includes without limitation any errors or omissions contained in the Website or if the Website is unavailable, even if we have been informed of the possibility of such damage. In particular, we shall not be liable for any economic loss (including without limitation loss of revenues, data, profits, contracts, use, opportunity, business or anticipated savings), loss of goodwill or reputation or special, incidental, consequential loss or damage, suffered or incurred arising out of or in connection with your use of the Website.
Access to and use of the Website is at the user's own risk and we do not warrant that the use of the Website or any material downloaded from it will not cause damage to any property, or otherwise minimise or eliminate the inherent risks of the internet including but not limited to loss of data, computer virus infection, spyware, malicious software, trojans and worms. You have sole responsibility for the adequate protection and back up of data and/or equipment and to undertake reasonable and appropriate precautions to scan for computer viruses or other destructive properties. We accept no liability in respect of losses or damages arising out of changes made to the content of the Website by unauthorised third parties.
To provide increased value to users of the Website, and for convenience, we may provide links to other websites or resources (that are not owned or provided by the Bank) for you to access at your sole discretion. You acknowledge and agree that provision of any such link does not imply an endorsement, approval or recommendation of the linked website or its content by the Bank. Furthermore, as you have chosen to enter the linked website we are not responsible for the availability of such external sites or resources, and do not review or endorse and shall not be responsible or liable, directly or indirectly, for (i) the privacy practices of such websites, (ii) the content of such websites, including (without limitation) any advertising, content, products, goods or other materials or services on or available from such websites or resources or (iii) the use that others make of these websites or resources, nor for any damage, loss or offence caused or alleged to be caused by, or in connection with, the use of or reliance on any such advertising, content, products, goods or other materials or services available on such external websites or resources.
Data Protection and Security
We may as a result of your interaction with the Website hold and process personal information obtained about you when you access the Website. We may use this information for making lending decisions and servicing our relationship with you, for the purposes of fraud prevention, audit and debt collection, to identify products and services which may be relevant to you from the Bank and selected third parties, to evaluate the effectiveness of our marketing of the Website and for statistical analysis. We may pass this information to other members of our group so that they may do the same and they may pass information held by them about you to us so that we may do the same. We will not disclose any such information outside of our group except where we are authorised by you or by the law to do so, for fraud prevention purposes, if obliged by law or a regulator, or by confidential agreement to sub contractors or people acting as our agents in the performance of the services we provide.
By accessing the Website, you acknowledge that to help the government fight the funding of terrorism and money laundering activities, all financial institutions are required by law to obtain, verify and record information that identifies each individual or entity that opens an account and by accessing the Website you agree to the gathering and retention of such information for such purposes.
We may in connection with the above and the provision of the Website transfer your data to countries which may not provide the same level of legal protection for personal data as within the Kingdom of Bahrain. However, all personal data wherever it is held by the Bank or by its sub-contractors or agents will be afforded a high level of protection against any unauthorised or accidental disclosure, access or deletion.
From time to time we may change the way we use your information. Where we believe you may not reasonably expect such a change we shall write to you. If you do not object to the change within 60 days, you consent to that change.
Unless otherwise stated or agreed with you, the information on the Website has been prepared in accordance with the laws of the Kingdom of Bahrain and is directed at or provided for residents of the Kingdom of Bahrain and for the supply of products or services in the kingdom of Bahrain. To the extent that it does not satisfy the laws of the country in which you reside or from which you are accessing the Website, it is not directed to you.
Not all the products and services that you may be able to view via the Website are available in all geographical locations. If you choose to enter the Website outside your country of residence, you are advised that it may not be legal in that jurisdiction for you to access or use the facilities available on the Website and the legal requirements of that jurisdiction may prohibit you from dealing or otherwise transacting in that jurisdiction. If you use the Website from other jurisdictions, you are responsible for compliance with applicable local laws.
The Bank is authorised and regulated by the Central Bank of Bahrain. Details of the Bank’s authorisations can be found on the following website www.cbb.gov.bh.
The Website may contain forward-looking statements and actual results could turn out to differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in the Website include, but are not limited to, general economic conditions in the Kingdom of Bahrain and in other countries in which the Bank has significant business activities or investments; the monetary and interest rate policies of the Central Bank of Bahrain and other relevant central banks; unanticipated turbulence in interest rates, foreign currency exchange rates, commodity prices or equity prices; changes in the laws of the Kingdom of Bahrain, regulations or taxes; changes in competition or pricing environments; natural and other disasters; the inability to hedge certain risks economically; the adequacy of loss reserves; acquisitions or restructurings; technology changes; changes in consumer spending and saving habits; and the success of the Bank in managing the risks involved in the foregoing. The forward-looking statements contained in the Website speak only as of the date of the related document, and the Bank does not undertake to update any forward looking statement to reflect events or circumstances after the date hereof.
The information contained in the Website is subject to, and must be read in conjunction with, all other publicly available information, including, where relevant any fuller disclosure document published by the Bank. Any person at any time acquiring the Bank’s securities must do so only on the basis of such person's own judgement as to the merits of the suitability of the securities for its purposes and only on such information as is contained such in public information having taken all such professional or other advice as it considers necessary or appropriate in the circumstances and not in reliance on the information contained herein. The information is not tailored for any particular investor and does not constitute individual investment advice.
Information in the Website relating to the price at which investments have been bought or sold in the past or the yield on investments cannot be relied upon as a guide to future performance.
The financial information published or to be published on the Website, or made available or to be made available through the Website, such as annual reports and quarterly reports, is compiled and placed on the Website with the greatest of care. Nevertheless, only the original hard-copy [English/Arabic] versions of this information shall be regarded as the original version. No rights may be derived from financial information published or to be published on the Website or available or to be made available through the Website, including with regard to its accuracy and completeness.
All figures displayed on the Website (including, but not limited to, data in financial reports and those relating to fees, charges and profit) and any other amounts are in Bahraini Dinars (unless otherwise stated) and are current at the time of placing on the Website, but may change at any time. Currency fluctuations from time to time may also affect the figures displayed on the Website.
Unless otherwise indicated, copyright in all information and other materials on the Website, (including the Website’s design and arrangement) is owned by or licensed to the Bank. All rights are reserved. The Website or any portion of the Website is for personal use only and may not be reproduced, adapted, distributed, displayed, transmitted or otherwise exploited for any public or commercial purpose that is not expressly permitted by the Bank. You may imprint, copy, download or temporarily store extracts from the Website for your personal information or when you use our products and services. You must not alter anything. In particular you may not use a part of the Website on any other web site, or link any other web site to the Website, without our prior written permission.
Nothing contained on the Website should be construed as granting any licence or right of use of any trademark displayed on the Website without the express written consent of the Bank.
The Website contains numerous trade marks belonging to the Bank. These trademarks include, but are not limited to, the Al-Salam Bank-Bahrain BSC name, the Bank’s logo and Al Salam Wakala Deposit. If you are in doubt as to whether an item is a trade mark of the Bank, please contact us for clarification at the registered office address below.
You hereby agree to indemnify and to keep the Bank fully and effectively indemnified against any action, liability, cost, claim, loss, damage, proceeding or expense (including legal fees, costs and expenses on a full indemnity basis) suffered or incurred by the Bank arising from or which is directly or indirectly related to:-
(a) your access to and/or use of the Website and/or any other person or entity's use of the Website where such person or entity was able to access the Website using your log-in information; or
Governing Law and Invalidity
In the event any provision of these Terms is held unenforceable, it will not affect the validity and enforceability of the remaining provisions and will to the extent permitted by law be replaced by an enforceable provision that comes the closest to the intention underlying the unenforceable provision.
These Terms and your access to the Website may be terminated at any time by the Bank with or without cause and with or without notice. All restrictions, disclaimers and limitations of liability by the Bank will survive termination.
The Bank is registered under the laws of the Kingdom of Bahrain with Commercial Registration number 59308 and with its head office at PO Box 18282, Manama, Kingdom of Bahrain.