QIB : 95 Day Notice Account

4.25% AER / 4.17% Gross

AER is the Annual Equivalent Rate and represents what the profit rate would be if profit was realised and paid once each year. Profit is calculated daily, re-invested monthly and paid gross without prior deduction of tax. This means that there will be no income tax deductions from the profit payments you receive on your QIB (UK) deposit.

Any profit made will be paid on termination of the savings product

The profit rate applicable to your deposit is variable.

Should the bank set a date to lower the profit rate, you will be given a minimum of 95 days’ notice. You may receive less notice if the rate increases.

'Make Good' Offer

If your original deposit amount returns a loss, QIB (UK) shall make good the amount of any shortfall that you may have suffered. You shall therefore be entitled to receive payment from QIB (UK) of the full amount that you had previously deposited. Note that there is no requirement for QIB (UK) to pay any form of profit to you under this "'Make Good' Offer".

In the unlikely event that a bank modifies its policies in a way that deviates from Sharia law, we will notify customers via email, offering them the option to opt out of the Make Good policy to maintain Sharia compliance.

We would like to draw your attention to the guidance offered by the QIB (UK) Shari’a Supervisory Board. The guidance is that if QIB (UK) needs to make good the amount of any shortfall (set out above), this will not comply with Shari’a principles.

The estimated balance after 12 months on a deposit of £1,000 is

£1,038.46. This projection is for illustrative purposes only and does not

take into account individual circumstances.

To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must:

● Be a UK resident who is aged 18 or over

● Hold a UK bank or building society account from which you will fund your application

● Have a valid mobile phone number and email address

● Have a UK National Insurance Number

Your application acceptance will be subject to the successful completion of Anti-Money Laundering/Know Your Customer (AML/KYC) check.

The minimum amount you can deposit is £1000, and the maximum amount you can deposit is £120000 (per product and banking institution).

You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms & Conditions.

Please ensure you have read all sets of Terms and Conditions before applying for this product (QIB Notice Account Deposit Conditions, Raisin UK Terms & Conditions and Raisin Trust Deposit Terms and Conditions). If you have any queries relating to the Terms and Conditions, please contact Raisin UK through your Raisin UK Account.

You may withdraw the full deposit amount only. This will be subject to a 95 day notice period. You are unable to add to the initial deposit or make partial withdrawals. Please see Raisin Trust Terms and Conditions for more information.

Your notice of termination will start on the business day after your request to give notice. Once notice has been given it can’t be revoked.

If a termination falls on a non-business day, then payment will be made on the next business day and profit will be paid for the additional days. e.g. If a notice account terminates on a Saturday and funds are returned on the Monday, profit will be paid for the intervening Sunday.

Raisin Platforms Limited (RPL), will administer the deposit on your behalf.

Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to QIB (UK) by RPL on the next business day after arriving in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning profit.

Please see the Raisin Trust Deposit Terms and Conditions for further details.

You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.

Shari’a banking, also known as Islamic banking, covers any financial activity that complies with Shari’a principles, reflecting the belief that exploitative gains, such as earning interest on money, are prohibited. Subsequently, Shari’a savings accounts use the money from deposits to invest and generate a profit, rather than an interest rate. There are no restrictions on who can apply for a Shari’a savings account.