SUKUK PRIHATINKNOWLEDGE PACKINVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THIS KNOWLEDGE PACK. FOR MORE
INFORMATION, PLEASE CONSULT YOUR PROFESSIONAL ADVISER.
18 AUGUST 2020

Important NoticeThis document is prepared for investors’ information purposes only on the Sukuk to be issued by
the Government of Malaysia (“Sukuk Prihatin”).
The information within this document does not constitute an offer, recommendation orsolicitation to buy or sell the Sukuk Prihatin elaborated in this document. It does not claim tocontain any advice or complete information on Sukuk Prihatin, nor is it a substitute forprofessional investment advice. As such, it is strongly recommended that you seek professional
advice with regard to the investment and the risks associated with investing in the Sukuk
Prihatin.
Please note that the information contained in this document is deemed to be accurate to thebest of our knowledge as of the date of publication as stated on the front cover.
The Sukuk Prihatin is an investment product (in the form of fixed income securities) offered
only to the Malaysian and company/corporation incorporated in Malaysia and a trustee (subject
to conditions in the terms and conditions), cooperative, foundation, sole proprietor,
partnership, association or other incorporated bodies operating in Malaysia. Investors should not
rely on the information contained in this document and are urged to do your own research as
deemed appropriate before making any investment decision. Factual statements in thisdocument are made as of the date stated and are subject to change without notice.
INVESTORS SHOULD RELY ON THEIR OWN EVALUATION TO ASSESS THE MERITS AND RISKS OF
THE INVESTMENT. IF INVESTORS ARE UNABLE TO MAKE THEIR OWN EVALUATION, THEY AREADVISED TO CONSULT PROFESSIONAL ADVISERS.
The Knowledge Pack is provided in English and Bahasa Melayu. In the event of any
inconsistency, the English version shall prevail.

2

Statement of Purpose
Dear Investors,
The Government of Malaysia (“GoM”) is pleased to share that Malaysia is issuing an innovative
first-of-its-kind Sukuk Prihatin that is open to retail and corporate investors. This sukuk isinitiated in response to the public’s request to participate and contribute to the rebuilding of
the nation post-COVID-19.
This sukuk, with a minimum subscription/application amount of just RM500, offers a profit rateof 2.0% per annum, payable quarterly, over a two-year term. It is also the very first sukuk thatcan be subscribed via JomPAY or DuitNow on all distribution banks’ digital (internet/ mobile)banking.
Sukuk Prihatin is part of the National Economic Recovery Plan (“PENJANA”) which was launchedon 5 June 2020 with three main objectives: to empower the rakyat, propel businesses andstrengthen the economy.
The proceeds from this Sukuk will be channelled to the Kumpulan Wang COVID-19 to financemeasures announced in the economic stimulus packages and recovery plan to address the
COVID-19 crisis. Examples of the initiatives/programmes as announced in the economic stimulus
packages and recovery post Covid-19 includes but not limited to the following:1)
2)
3)

medical expenditure related to COVID-19 disease;for financing/grants for micro enterprises; andto enhance connectivity to rural schools, which will also act as hubs to connect nearby
villages.

This Sukuk Prihatin Knowledge Pack (“Knowledge Pack”) provides all investment details of this
instrument, including the objectives, key features and benefits, step-by-step guide on theapplication and investment process as well as other relevant information.
It is our sincere hope that this Knowledge Pack will facilitate a more informed decision-making
process on the part of investors.

The Government of Malaysia

3

GLOSSARYINVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THISKNOWLEDGE PACK. IF IN DOUBT, PLEASE CONSULT YOUR PROFESSIONAL ADVISER.
10 AUGUST 2020

Forwarding The Nation’s Future Together#KitaUntukKita
4

TERMS / ABBREVIATION
Terms / Abbreviation

Description

ATM

Automated Teller Machine

BNM

Bank Negara Malaysia

BPAY

Bill Payment

BRN

Business Registration Number

Business Day

A day (other than Saturday, Sunday and public holiday) on which
Bank(s) are open for business in Kuala Lumpur

CMSA

Capital Markets and Services Act 2007

DB

Distribution BanksDistribution Banks

The participating banks as listed in Appendix II where distribution of
the Sukuk Prihatin will be made and its respective available echannels for the application of the Sukuk Prihatin.

DuitNow

E-payment platform operated by PayNet

GFA
GII

Government Funding Act 1983 and any orders, rules, regulations or
instrument made thereunder
Government Investment Issue

GNI

Gross National Income

Financial Institution(s)Licensed banks licensed investment banks and licensed insurers under
the Financial Services Act, 2013, licensed Islamic banks, licensed
takaful operators and licensed international takaful operators underthe Islamic Financial Services Act, 2013 or prescribed development
financial institutions under the Development Financial Institutions Act
2002 and those entities as listed in Part 1 of Schedule 4 of the CMSA

IssuerGovernment of Malaysia

JomPAY

E-payment platform operated by PayNet

Knowledge Pack

Sukuk Prihatin Knowledge Pack dated 18 August 2020

Maturity Date

The date on which the Issuer is to pay the Nominal Value to the
Sukukholders.

MGS

Malaysian Government Securities

Nominal Value

Principal amount on issuance date of the Sukuk Prihatin

Offering

Offering by the Government to raise up to RM500 million in nominal
value of the Sukuk Prihatin

PayNetPayments Network Malaysia Sdn Bhd, the operator of JomPAY and
DuitNow

Primary Distribution Bank

Malayan Banking Berhad as appointed and authorised as a primary
investing institution solely for the Sukuk Prihatin transaction inaccordance to the GFA.

5

TERMS / ABBREVIATION
Terms / Abbreviation

Description

DBs

Distribution Banks

PDPA

Personal Data Protection Act 2010 and any orders, rules, regulations
or instrument made thereunder

PIDM

Perbadanan Insurans Deposit Malaysia

PDB

Primary Distribution Bank

Profit Payment AmountThe amount of profit payments of the Sukuk Prihatin due on the dateon which payment is to be madeProfit Payment Frequency

Frequency of the profit payments

Profit Rate

The amount of profit payable annually

Ref

Reference field in the JomPAY and DuitNow

Sukuk

Certificates of equal value evidencing undivided ownership or
investment in the assets using Shariah principles and concepts

Sukukholders

Holders of the Sukuk Prihatin

TenureThe duration of the Sukuk Prihatin

6

Table of Contents

SectionContents

Key Dates

Page
8

Section 1

About PENJANA

9 – 10Section 2

Sukuk Prihatin

11 – 13

Section 3

How to Apply?

14 – 18

Appendix I

List of Distribution Banks, Transaction Limit & Available eChannels

20 – 25

Appendix II

Sample e-statement

26 – 30

Appendix III

Frequently Asked Questions for Sukuk Prihatin

31 - 44

Appendix IV

Terms and Conditions of Sukuk Prihatin

Attached

Appendices7

Key Dates
Key Dates for the Offering
Opening date for Sukuk Prihatin Offering(“Opening Date”)

18 August 2020

Closing date for Sukuk Prihatin Offering(“Closing Date”)

17 September 2020

Allotment of Sukuk Prihatin Offering
Issuance of the Sukuk Prihatin

18 August - 17 September 2020
22 September 2020

Other Key Dates for the Sukuk PrihatinFirst profit payment date
Alteration Period (For Waiver of Principle Amount)
Maturity Date / Principal Payment Date

22 December 2020
22 June – 5 August 2022
22 September 2022

Notes:The key dates for the Offer are indicative only and subject to change without prior notice. Do notehowever that the Issuer may vary the above dates as it deems necessary. If any of the dates are changed,
the dates of subsequent events may also change.

8

SECTION 1

ABOUT PENJANAINVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THISKNOWLEDGE PACK. IF IN DOUBT, PLEASE CONSULT YOUR PROFESSIONAL ADVISER.
10 AUGUST 2020

Forwarding The Nation’s Future Together#KitaUntukKita
9

PENJANA & Its Initiatives
NATIONAL ECONOMIC RECOVERY PLAN (PENJANA) & ITS INITIATIVES
We are now living in unprecedented times of a global pandemic due to COVID-19. During this ongoingcrisis, the Government recognises the challenges faced by individuals, businesses and the economy atlarge. We have taken and will continue to take swift and proactive action to protect lives, support
businesses and strengthen the nation’s economy.
The Government has steered the country through these challenging times by focusing on its 6R strategy:
Resolve, Resilience, Restart, Recovery, Revitalize and Reform. We are now in stage four (4) of thestrategy, namely, Recovery, which is represented by our National Economic Recovery Plan (PENJANA)
unveiled by the Prime Minister of Malaysia on 5 June 2020.
PENJANA outlines our short-term economic recovery plan, based on engagement sessions with over 100
stakeholders from both the public and private sectors. Collectively valued at RM35 billion, the 40
initiatives were crafted to cover four (4) main objectives.
i)
ii)
iii)
iv)

Enabling Work & Reducing Unemployment;
Ensuring Affordability & Providing Liquidity;
Digitalisation & Operating in the New Norm; andIncreasing Consumer & Investor Confidence

The implementation and execution of PENJANA will be guided by four (4) principles:
I)

Agile & Dynamic
Initiatives under PENJANA are continuously refined based on priority and needs

II)

Public-Private Sector Co-operation
Coordinated and harmonized public-private sector cooperation, not just limited to Government
Linked Companies or Government Linked Investment Companies

III)

Comprehensive Communication & OutreachTransparency and openness in communicating all of the initiatives as well as the outcomesIV) Data-Driven Approach
Each initiative is monitored to enable measures to be refined quickly, where necessary, and toensure that aid reaches the intended beneficiaries quickly and accurately. Data from 53 ministries
and agencies are collected, analysed are shared with implementation agencies for continuous
improvement via the LAKSANA unit, which is the National Inter-Agencies Economic Stimulus
Coordination and Implementation Unit that sits within the Ministry of Finance.
To ensure transparency and openness, status reports on the implementation of the measures are shared
weekly by the Minister of Finance. The Government also acknowledges that it is not the monetary
allocations, but the effectiveness and positive outcomes of all these measures on the recipients thatwill really determine the success of PENJANA.
Contact Details:
National Economic Recovery Plan (PENJANA)
Kementerian Kewangan Malaysia
Pusat Pentadbiran Kerajaan Persekutuan
Presint 2, 62592 WP Putrajaya
Email: penjana@treasury.gov.myTel: 03 8882 4666

10

SECTION 2SUKUK PRIHATININVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THISKNOWLEDGE PACK. IF IN DOUBT, PLEASE CONSULT YOUR PROFESSIONAL ADVISER.
10 AUGUST 2020

Forwarding The Nation’s Future Together#KitaUntukKita
11

Objectives of the Sukuk Prihatin
Sukuk Prihatin is a gateway for Rakyat to unite together and join the Government in supporting
the nation’s economic recovery measures, through the Government-issued Islamic securities
instrument.
Themed ‘Forwarding The Nation’s Future Together’ and #KitaUntukKita, the Sukuk Prihatin will
carry nationalistic and patriotic elements to rally fellow Malaysians to participate in rebuilding
the economy and the nation while enduring COVID-19 crisis.
The Government intend to raise up to RM500 million in nominal value from the issuance of the
Sukuk Prihatin. The Sukuk Prihatin is offered fully on digital platform via JomPAY or DuitNow
through internet and mobile banking platforms made available by the Distribution Banks. The
proceeds from the Sukuk Prihatin issuance will be channelled to the Kumpulan Wang COVID-19
to finance measures announced in the economic stimulus packages and recovery plan to address
the COVID-19 crisis.
All profit from the Sukuk will be tax exempted and for any principal amount waived (in full or inpart) by the Sukukholders on maturity date, the waived amount will be allowed as deduction in
the basis period for the year of assessment where the redemption of the Sukuk Prihatin ismade. This special tax treatment is however applicable only for the Eligible Buyer/Applicant
and not applicable to all Financial Institutions, Capital Markets Services holder carrying on thebusiness of fund management under the CMSA and Registered Trustee who acts on behalf of the
Eligible Buyer/ Applicant subscribing to the Sukuk Prihatin.
The principal amount waived will be channeled to any Government trust account, approved by
the Government (“Government Trust Account”).

2.1 Key Benefits of Sukuk Prihatin
The key benefits of Sukuk Prihatin are outlined as follows:• The profit payment amount and the principal amount under this Sukuk Prihatin is a direct
obligation of the Government as the Issuer• Provides investors an opportunity to diversify their investment portfolio• Fixed quarterly profit payment amount• Sukuk Prihatin is an approved Shariah-compliant investment• Special tax treatment accorded to certain eligible Sukukholders

12

2.2

Brief Terms & Conditions

The complete set of the principal terms and conditions of Sukuk Prihatin is also available at the websites of PENJANA
and the Distribution Banks. The salient terms and conditions of Sukuk Prihatin are summarised as follows:
Terms

Sukuk Prihatin

IssuerGovernment of Malaysia (“Government”)

Instruments

Sukuk Prihatin (Scripless)Utilisation of Proceeds

Proceeds from the Sukuk Prihatin will be channelled to the Kumpulan Wang
COVID-19 to finance measures announced in the economic stimulus packages
and recovery plan to address the COVID-19 crisis.

Sukuk Size

Up to RM500 million in nominal value

Subscription Period

18th August to 17th September 2020

Issue Date

22nd September 2020

Islamic Principle

Commodity Murabahah (via Tawarruq)

Tenure / Maturity Date

The Sukuk Prihatin will have a maturity of two (2) years and will mature on 22
September 2022

Target Investor

Eligible Malaysian individuals and corporates

Profit Rate to Investors

2% per annum (fixed throughout the tenure)

Frequency of Profit
Payments to Investors

Quarterly from the first Issue Date. Profit payment will be credited directly into
the Sukukholders’ account by the Primary Distribution Bank.

Minimum and Maximum
Amount of Subscriptions

Each application/subscription (initial or subsequent thereafter) amount is atleast a minimum of RM500 and in multiples of RM100. There is no maximum
subscription limit

Redemption

Principal amount will be credited directly into Sukukholders’ account onmaturity date by the Primary Distribution BankTransferability andAssignability
Option to Waive Principle
on Maturity Date

The Sukuk Prihatin are non-tradable, non-transferable and non assignable
Sukukholders may waive the principal amount due (in part or in full) on maturity
date, as a contribution to any Government trust account, approved by theGovernment (“Government Trust Account”).
(a) All profit from the Sukuk will be tax exempted.

Tax treatment accorded to
Sukukholders(a) For any principal amount waived (in full or in part) by the Eligible
Buyer/Applicant on maturity date, the waived amount will be allowed as
deduction in the basis period for the year of assessment where theredemption of the Sukuk Prihatin is made.
The above tax treatment is only applicable to the Eligible Buyer/Applicant andis not applicable to all Financial Institutions, Capital Markets and Services
License holder carrying on the business of fund management under the CMSA
and Registered Trustee who acts on behalf of the Eligible Buyer/ Applicant.

Primary Distribution Bank

Malayan Banking Berhad (“Maybank”)

Distribution Banks

Participating banks as listed herein

Distribution Channels

Offering is fully digital via Internet/Mobile Banking via JomPAY/ DuitNow
platform of the Distribution Banks.

Governing Laws

Laws of Malaysia
13

SECTION 3

HOW TO APPLY?

INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THISKNOWLEDGE PACK. IF IN DOUBT, PLEASE CONSULT YOUR PROFESSIONAL ADVISER.
10 AUGUST 2020

Forwarding The Nation’s Future Together#KitaUntukKita
143.1 Sukuk Prihatin Process Flow
Start
Investor as Applicant

APPLICATION
To subscribe Sukuk Prihatin through Distribution
Banks’ internet/mobile banking via JomPAY or
DuitNow

REVIEWER
Application
meets allrequirements?

YES
NOTIFICATION ON APPLICATION STATUS
Successful application will be notified via email
fourteen (14) business days from the closing of theoffering date of the Sukuk Prihatin.

PROFIT PAYMENT & MONTHLY E- STATEMENT• Monthly e-statement will be sent to
Sukukholders via email. Statements are
required for tax claims purposes.
• Profit payment will be processed via GIRO andcredited directly to Sukukholders’ account on
the date of the profit payment is due.

NO

NOTIFICATION ON APPLICATIONSTATUS
Unsuccessful application will be
notified via email within fourteen(14) business days from the closingof the offering date of the Sukuk
Prihatin.
REFUNDThe subscribed amount will be
auto-refunded to your accountwithin five (5) business days fromthe date of application of the Sukuk
Prihatin.
Please take note that applicant
will receive refund before notice of
unsuccessful application.

SETTLEMENT OF THE PRINCIPAL AMOUNT
Final settlement of the Principal amount willbe credited to Sukukholders’ account via GIRO
or RENTAS on the day of maturity date.
• Final statement will be issued within fourteen(14) business days post Sukuk maturity withadditional information on the waived principal
amount & final settlement amount.
•

Notes• Change of email address and account number (from the same bank) can be made within forty five (45) calendar days after
the closing date of the Sukuk Prihatin Offering via email or call to your respective Distribution Banks.
• Change to the waiver amount can be made within forty five (45) calendar days of the 21st monthly e-statement date via
email or call to your respective Distribution Banks.
• Please refer to respective Distribution Banks’ websites on detailed steps to perform the above15

3.2 How to Apply for the Sukuk Prihatin
Check for Sukuk Prihatin information
Check the media, PENJANA’s website (penjana.treasury.gov.my.) and the respective Distribution
Banks’ websites for information on Sukuk Prihatin

Read the Knowledge Pack
Before applying for the Sukuk Prihatin, please read the Terms & Conditions as well as the Knowledge
Pack carefully.

Apply via Internet Banking
Apply through JomPAY

Apply through DuitNow

The key steps to apply for Sukuk Prihatin via
internet banking platform are outlined asfollows:

The key steps to apply for Sukuk Prihatin via
Internet banking platform are outlined asfollows:

•

You
must
have
an
account
withInternet/Mobile Banking access with any
authorised Distribution Banks. (Please refer
Appendix I for List of Distribution Banks)

•

You
must
have
an
account
withInternet/Mobile Banking access with any
authorised Distribution Banks. (Please refer
Appendix I for List of Distribution Banks)•

Follow instructions as required within therespective Internet/Mobile Banking portal of
the Distribution Banks to apply for the Sukuk
Prihatin. You must have the following details:•

Follow instructions as required within therespective Internet/Mobile Banking portal of
the Distribution Banks to apply for the Sukuk
Prihatin. You must have the following details:i.
ii.

Biller CodeContact Number (i.e. 01xxxxxxxx. No
spacing)iii. Email Address (Compulsory)
iv. Amount payable for the units applied andto be deducted from current / savings
accounti.
ii.

Business Registration Number (BRN)
Contact Number (i.e. 01xxxxxxxx. No
spacing)iii. Email Address (Compulsory)
iv. Amount payable for the units applied andto be deducted from current / savings
account

Please refer to page 18 for further details.

Please refer to page 18 for further details.

•

Please check the applied amounts are in
multiples of RM100 and at a minimum of
RM500 per application before completing thetransaction.

•

Please check that the applied amounts are in
multiples of RM100 and at a minimum of
RM500 per application before completing thetransaction.

•

Print the Confirmation Screen for reference
and retention•

Print the Confirmation Screen for reference
and retention

Notification on Application Status••

Successful and unsuccessful Applicant will be notified via email within fourteen (14) business days
from the closing of the offering date of the Sukuk Prihatin.
For unsuccessful applications, the amount will be auto-refunded to your account within five (5)business days from the date of application of the Sukuk Prihatin via GIRO.
16

3.3 A Step by Step Guide on the Application Process
Subscription can be made digitally via respective Distribution Banks’ internet/mobile banking channels
through JomPAY (not applicable via ATM) or DuitNow payment platforms. Before making application for
the Sukuk Prihatin please read the Knowledge Pack carefully.

Investors
You have read the Knowledge Packand wish to invest?

Do you want to waive your principal
at maturity?

Yes

No

Choose Biller
Code:

Choose Biller
Code:

14076

28670

Do you want to waive your principal
at maturity?

Yes

No

Type BRN:

Type BRN:SUKUKP20SUMSUKUKP20PEL

17

3.4 A Step by Step Guide on the Application Process
Subscription can be made via respective Distribution Banks’ e-channels through JomPAY or DuitNow
payment platforms. Please refer to Appendix I of the Knowledge Pack for further details on Distribution
Banks’ available platforms, limits of transactions and any charges imposed.

Step 1

Applicant to key in Biller Code for the application. To choose from either one below:Biller Code 1 : 28670 for Sukuk Prihatin Pelaburan (for Applicant who wish to invest
only); orBiller Code 2 : 14076 for Sukuk Prihatin Sumbangan (for Applicant who wish to waive its
principal amount at maturity)

Step 2

Please key in the following information:
Ref 1: Contact Number (i.e. 01xxxxxxxx. No spacing)Ref 2: Email Address (Compulsory). Please ensure you key in the correct email address
to receive notifications and Sukuk Prihatin quarterly e statement which is required fortax claims purposes.

Step 3Key in the amount (minimum of RM500 per application and in multiples of RM100)

Step 4

Click Pay

Step 5

Applicant to print the transaction confirmation slip and keep the reference number forrecord purposes

Step 1

Applicant to key in the DuitNow ID type as the Business Registration Number (“BRN”) for
the application. To choose either one below:BRN 1 : SUKUKP20PEL for Sukuk Prihatin Pelaburan (for Applicant who wish to invest
only); orBRN 2 : SUKUKP20SUM for Sukuk Prihatin Sumbangan (for Applicant who wish to waive
its principal amount at maturity)

Step 2

Please key in the following information:
Recipient Reference : Contact Number (i.e. 01xxxxxxxx. No spacing)
Payment Details : Email Address (Compulsory). Please ensure you key in the correct
email address to receive notifications and Sukuk Prihatin quarterly e-statement which is
required for tax claims purposes.

Step 3Key in the amount (minimum of RM500 per application and in multiples of RM100)

Step 4To select the current date as effective date of investment *Step 5Click Pay

Step 6

Applicant to print the transaction confirmation slip and keep the reference number forrecord purposes.

Notes:
1. Any application made after 5pm, shall be deemed to be effective only on the next day. Profit shall be calculated from theIssue Date of the Sukuk Prihatin.
2. For corporate Applicant, please use the same email address that was registered/ recorded in the respective e-channels
payment platform (this will be deemed as the authorised and official email address for the purpose of communication
throughout the tenure of the Sukuk Prihatin)

18

APPENDICESINVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THISKNOWLEDGE PACK. IF IN DOUBT, PLEASE CONSULT YOUR PROFESSIONAL ADVISER.
10 AUGUST 2020

Forwarding The Nation’s Future Together#KitaUntukKita
19

APPENDIX I
LIST OF DISTRIBUTION BANKS, TRANSACTION
LIMITS AND AVAILABLE E-CHANNELSINVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THISKNOWLEDGE PACK. IF IN DOUBT, PLEASE CONSULT YOUR PROFESSIONAL ADVISER.
10 AUGUST 202020

List of the Distribution Banks for JomPAY via Internet/Mobile
Banking Channels
Biller Code
Biller Code 28670 for Sukuk Prihatin Pelaburan – For Applicant who wish to invest only; orBiller Code 14076 for Sukuk Prihatin Sumbangan – For Applicant who wish to waive principal at maturity
RetailChannelList of Banks

Corporate
Transaction Limit

Limit per Limit per
Internet
Mobile App transaction
day
Banking(in RM)(in RM)

Alliance Bank Malaysia
Berhad

1,000,000

50,000(Combined
limit with
IBG)

50,000X

500,000

As per current
limit set bycustomer

50,000

1,000,000



X





As percurrent
100,000transactionlimit
As perAs percurrent
currenttransaction
daily limit
limitBank Muamalat Malaysia
BerhadBank Kerjasama Rakyat
Malaysia BerhadX

50,000Bank of China (Malaysia)
Berhad50,000

CIMB Bank Berhad
Citibank Berhad
Deutsche Bank (Malaysia)
BerhadX

50,000

X

1,000,000

No limit

50,000

X

1,000,000

No limit

X

1,000,000

No limit

X

1,000,000

No limit

50,000Deutsche Bank will be offering subscription for
Corporate only.

No limit

X
1,000,000
1,000,000
Citibank Berhad will be offering subscription for
Retail only.
X

1,000,000

No limit

Hong Leong Bank Berhad will be offering subscription via DuitNow only

HSBC Bank Malaysia Berhad
Industrial and Commercial
Bank of China (Malaysia)
BerhadX

Malayan Banking Berhad

MBSB Bank Berhad

MUFG Bank (Malaysia) Berhad



X



Limit
(subject tocorporate
workflow)
No limit(subject tocorporatesetting)

1,000,000(subject tocorporatesetting)

As percurrent
daily limit
BNP Paribas will be offering subscription for
Corporate only.
X
50,00050,000Hong Leong Bank Berhad

500,000

50,000

BNP Paribas Malaysia BerhadX

50,000

AmBank (M) Berhad









Bank Simpanan Nasional

Internet
Banking

No limit(subject tocorporatesetting)50,000

Al-Rajhi Banking &Investment Corporation(Malaysia) Berhad

Bank Islam Malaysia Berhad

Transaction Limit

Limit perLimit per day
Mobile App transaction(in RM)(in RM)
Affin Bank Berhad will be offering subscription via DuitNow only.

Affin Bank Berhad
Agrobank

Channel

50,00050,000As percurrent
daily limit
As percurrent
daily limit

MUFG Berhad will be offering subscription for
Corporate only.



X



X

1,000,000

X

1,000,000

X

1,000,000

X

1,000,000

5,000,000

No limit

21

List of the Distribution Banks for JomPAY via Internet/Mobile
Banking Channels
Biller Code
Biller Code 28670 for Sukuk Prihatin Pelaburan – For Applicant who wish to invest only; orBiller Code 14076 for Sukuk Prihatin Sumbangan – For Applicant who wish to waive principal at maturity
RetailChannelList of Banks

Internet
BankingMizuho Bank (Malaysia)
BerhadOCBC Bank (Malaysia) BerhadCorporate
Transaction Limit

Mobile App

Limit per Limit pertransaction
day(in RM)(in RM)

ChannelInternet
Banking

Transaction Limit

Limit perLimit per day
Mobile App transaction(in RM)(in RM)

Mizuho Bank (Malaysia) Berhad will be offering subscription via DuitNow only.


Limit as per
JomPAYbiller setting
JomPAY tononfavourite
biller:

1,000,000

X

PBe BusinessBanking and PBe Business
PB
Banking andenterprise: PB enterprise:
RM1,000,000 RM1,000,000
perper daytransaction(i) RM
10,000 pertransaction
for PAC
users

Public Bank Berhad





PBe
Personal
Banking:RM(ii)
1,000,000
RM1,000,000 per day
pertransaction PB engage
forMY:
SecureSign RM100,00
token users 0 per day
JomPAY tofavouritebiller:
RM1,000,000
pertransaction

RHB Bank Berhad

50,00050,000(authorisation
only)

1,000,000

No limit

Standard Chartered Bank
Malaysia Berhad
Sumitomo Mitsui Banking
Corporation Malaysia Berhad
United Overseas Bank
(Malaysia) Berhad

50,00050,000

X

1,000,000

No limit

Sumitomo Mitsui Banking will be offering
subscription for Corporate only.

X

1,000,000

No limit

1,000,000



50,00022

List of Distribution Banks for DuitNow via Internet/Mobile
Banking Channels
Business Registration Number (BRN)
BRN: SUKUKP20PEL for Sukuk Prihatin Pelaburan – For Applicant who wish to invest only; or
BRN SUKUKP20SUM for Sukuk Prihatin Sumbangan – For Applicant who wish to waive the principal atmaturity*Please refer to respective Distribution Banks’ websites on DuitNow transaction charges
RetailChannelList of Banks

Internet
Banking

Transaction Limit

Limit perLimit perMobile App transaction
day (in RM)(in RM)

Affin Bank BerhadX

AgrobankAlliance Bank Malaysia
BerhadAl-Rajhi Banking &Investment Corporation(Malaysia) BerhadAmBank (M) BerhadBank Islam Malaysia Berhad

Bank Muamalat Malaysia
BerhadBank Kerjasama Rakyat
Malaysia Berhad
Bank of China (Malaysia)
BerhadBank Simpanan Nasional

50,000Internet
Banking

Transaction Limit

Limit perLimit per day
Mobile App transaction(in RM)(in RM)As per current
X
10,000,000 limit set bycustomer

30,000

50,00050,000

50,000(Combined
limit ofInternet/
Mobilebanking)

As percurrent
daily limitX

50,000

50,000As percurrent
daily limit

As percurrent
daily limitX

50,00050,00050,00050,000Channel

50,000As percurrenttransaction
limit

500,000


10,000,000

As per current
limit set bycustomer

As per current
limit set by
10,000,000
customer

10,000,000

As percorporate
workflow

Bank Islam will be offering subscription for Retail only.

X

10,000,000(subject tocorporatesetting)

No limit

Bank Rakyat will be offering subscription for Retail
only.


X

10,000,000

No limit

Bank Simpanan Nasional will be offering subscription via JomPAY only.

BNP Paribas Malaysia Berhad
CIMB Bank Berhad

Citibank Berhad

Deutsche Bank (Malaysia)
BerhadCorporate

BNP Paribas will be offering subscription for Corporate via JomPAY only.
CIMB Bank Berhad will be offering subscription forX
50,00050,000Retail only.
Citibank Berhad will be offering subscription for Retail50,000only.
Deutsche Bank will be offering subscription for Corporate via JomPAY only.

23

List of Distribution Banks for DuitNow via Internet/Mobile
Banking Channels
Business Registration Number (BRN)
BRN: SUKUKP20PEL for Sukuk Prihatin Pelaburan – For Applicant who wish to invest only; or
BRN SUKUKP20SUM for Sukuk Prihatin Sumbangan – For Applicant who wish to waive the principal atmaturity*Please refer to respective Distribution Banks’ websites on DuitNow transaction charges
RetailChannelList of Banks

Internet
BankingHong Leong Bank Berhad

Corporate
Transaction Limit

Limit perLimit perMobile App transaction
day (in RM)(in RM)

DuitNow
to Proxy
RM50,000(Combinewith IBG,
DuitNowtoAccount,
QR
Payment
and 3rd
Party HLB
Payment)

As percurrent
daily limit

ChannelInternet
Banking

Transaction Limit

Limit perLimit per day
Mobile App transaction(in RM)(in RM)

10,000,000

As per daily
Corporatelimit

X

10,000,000

10,000,000



X



X

50,000(Note:
Sharing
Limit ofInternet/
Mobilebanking)

HSBC Bank Malaysia BerhadX

Industrial and Commercial
Bank of China (Malaysia)
Berhad

Malayan Banking BerhadAs percurrent
daily limitX

10,000,000

MBSB Bank BerhadAs percurrent
daily limitX

1,000,000

50,000Mizuho Bank (Malaysia)
BerhadMizuho Bank will be offering subscription for
Corporate only.

X

10,000,000

No limit

MUFG Bank (Malaysia) Berhad

MUFG Berhad will be offering subscription for
Corporate only.

X

10,000,000

No limit

OCBC Bank (Malaysia) Berhad

OCBC Bank will be offering subscription for
Corporate only.



10,000,000

24

List of Distribution Banks for DuitNow via Internet/Mobile
Banking Channels
Business Registration Number (BRN)
BRN: SUKUKP20PEL for Sukuk Prihatin Pelaburan – For Applicant who wish to invest only; or
BRN SUKUKP20SUM for Sukuk Prihatin Sumbangan – For Applicant who wish to waive the principal atmaturity*Please refer to respective Distribution Banks’ websites on DuitNow transaction charges
RetailChannelList of Banks

Internet
Banking

Corporate
Transaction Limit

Limit perLimit perMobile App transaction
day (in RM)(in RM)

ChannelInternet
Banking

Transaction Limit

Limit perLimit per day
Mobile App transaction(in RM)(in RM)PBe Retail
RM 10,000
pertransaction
PBe Retailfor PACRM 20,000
users
per day for
RM 50,000
PAC usersper
RM 50,000
transaction
per day forfor
SecureSign
SecureSign
token users
token users

Public Bank Berhad

RHB Bank BerhadStandard Chartered Bank
Malaysia Berhad
Sumitomo Mitsui Banking
Corporation Malaysia Berhad
United Overseas Bank
(Malaysia) Berhad









PB engage
PB engageMYMY(i) DuitNow(i) DuitNow
to nonto nonfavourite
favourite
recipients:
recipients:
RM 5,000
RM 5,000
per day forperAndroid andtransaction
iOS phones
for Android(ii) DuitNow
and iOSto favourite
phonesrecipients:(ii) DuitNow
RM 20,000
to favourite
per day
recipients:
RM 10,000
pertransaction
50,00050,000X

PBe BusinessBanking
PBe Business
RM 100,000
Banking
per
RM 100,000
transaction
per dayPB
PB enterpriseenterprise
RM10,000,000
RM10,000,00
per day0 pertransaction(authorisation
only)

10,000,000

No limit

Standard Chartered will be offering subscription via JomPAY only.
Sumitomo Mitsui Banking will be offering subscription for Corporate via JomPAY only.
UOB will be offering subscription for via JomPAY only.

25

APPENDIX IISAMPLE OF E-STATEMENTINVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THISKNOWLEDGE PACK. IF IN DOUBT, PLEASE CONSULT YOUR PROFESSIONAL ADVISER.
10 AUGUST 202026

1. Sukuk Prihatin Subscription E-Statement

E- Statement
We hereby certify the following subscription has been successfully registered as per the notice below:

Name
Address

Serial Number

No [**]

Statement Date

DD/MM/YYYY

Sukukholders’ Holding

RM[**]

Total Waiver

RM[**]Type

Sukukholders’ Holding

Round Down Refund

Refund Date

Sukuk Prihatin
Subscription

RM[**]

RM[**]

DD/MM/YYYYOther Terms
Payment Account: Profit payments will be credited directly by the Primary Distribution Bank on quarterly
basis into the bank account of the Sukukholders of the Sukuk Prihatin which funds were debited from forthe subscription of the Sukuk Prihatin.
Changes of email address/ bank account details: Changes to the bank account number (from the same
Distribution Banks) and email address can be made by contacting the respective Distribution Banks (pleaserefer to the respective Distribution Banks’ websites for further information) where request for such changes
can be made within forty-five (45) calendar days from the closing of the offering date of the Sukuk Prihatin(the “Period”).
Principal Waiver: The Sukukholders are allowed to alter the principal amount they choose to waive atmaturity that may have been decided upfront during the application stage. Notwithstanding, the alteration
can only be made during the last quarter prior to the maturity date (“Alteration Period”). For any
alteration, the Sukukholders can contact their respective Distribution Banks (please refer to respective
Distribution Banks’ websites for further information) within forty-five (45) calendar days of the said 21stmonthly e-statement date to make any changes to the waiver status of the principal amount which shallthereafter be communicated to the Primary Distribution Bank for the database to be updated accordingly.

This is a computer generated letter. No signature required.
27

2. Sukuk Prihatin Monthly E-Statement

E- Statement
We hereby certify the following information as per the notice below:

Name
Address

Serial Number

No [**]

Statement Date

[Last date of the month]
30th of Each Month

Sukukholders’ Holding

RM[**]

Total Waiver

RM[**]Type

Sukukholders’ Holding

Profit Amount

Sukuk Prihatin
Monthly Statement

RM[**]-

Other Terms
Payment Account: Profit payments will be credited directly by the Primary Distribution Bank on quarterly
basis into the bank account of the Sukukholders of the Sukuk Prihatin which funds were debited from forthe subscription of the Sukuk Prihatin.
Changes of email address/ bank account details: Changes to the bank account number (from the same
Distribution Banks) and email address can be made by contacting the respective Distribution Banks (pleaserefer to the respective Distribution Banks’ websites for further information) where request for such changes
can be made within forty-five (45) calendar days from the closing of the offering date of the Sukuk Prihatin(the “Period”).
Principal Waiver: The Sukukholders are allowed to alter the principal amount they choose to waive atmaturity that may have been decided upfront during the application stage. Notwithstanding, the alteration
can only be made during the last quarter prior to the maturity date (“Alteration Period”). For any
alteration, the Sukukholders can contact their respective Distribution Banks (please refer to respective
Distribution Banks’ websites for further information) within forty-five (45) calendar days of the said 21stmonthly e-statement date to make any changes to the waiver status of the principal amount which shallthereafter be communicated to the Primary Distribution Bank for the database to be updated accordingly.

This is a computer generated letter. No signature required.
28

3. Sukuk Prihatin Quarterly & Profit E-Statement

E- Statement
We hereby certify the following profit payment has been paid by us as per the notice below:

Name
Address

Serial Number

No [**]

Profit Period[Last date of the quarter]
30th of Last Month of Quarter

Sukukholders’ Holding

RM[**]

Total Waiver

RM[**]Type

Sukukholders’ Holding

Profit Payable for the Quarter

Sukuk Prihatin
Profit Payment

RM[**]

RM[**]

Other Terms
Payment Account: Profit payments will be credited directly by the Primary Distribution Bank on quarterly
basis into the bank account of the Sukukholders of the Sukuk Prihatin which funds were debited from forthe subscription of the Sukuk Prihatin.
Changes of email address/ bank account details: Changes to the bank account number (from the same
Distribution Banks) and email address can be made by contacting the respective Distribution Banks (pleaserefer to the respective Distribution Banks’ websites for further information) where request for such changes
can be made within forty-five (45) calendar days from the closing of the offering date of the Sukuk Prihatin(the “Period”).
Principal Waiver: The Sukukholders are allowed to alter the principal amount they choose to waive atmaturity that may have been decided upfront during the application stage. Notwithstanding, the alteration
can only be made during the last quarter prior to the maturity date (“Alteration Period”). For any
alteration, the Sukukholders can contact their respective Distribution Banks (please refer to respective
Distribution Banks’ websites for further information) within forty-five (45) calendar days of the said 21stmonthly e-statement date to make any changes to the waiver status of the principal amount which shallthereafter be communicated to the Primary Distribution Bank for the database to be updated accordingly.

This is a computer generated letter. No signature required.
29

4. Sukuk Prihatin Maturity & Profit E-Statement

E- Statement
We hereby certify the following principal maturity and final profit payment has been paid by us and we haveregistered the waiver amount (if applicable) as per the notice below:

Name
Address

Serial Number

No [**]

Statement Date

[Last date of the month]
30thof Final Month Upon
Maturity

Sukukholders’ Holding

RM[**]Type

Sukukholders’ Holding

Final Profit Payable

Amount Waived

Sukuk Prihatin
Maturity

RM[**]

RM[**]

RM[**]

Other Terms
Payment Account: Profit payments will be credited directly by the Primary Distribution Bank on quarterly
basis into the bank account of the Sukukholders of the Sukuk Prihatin which funds were debited from forthe subscription of the Sukuk Prihatin.
Changes of email address/ bank account details: Changes to the bank account number (from the same
Distribution Banks) and email address can be made by contacting the respective Distribution Banks (pleaserefer to the respective Distribution Banks’ websites for further information) where request for such changes
can be made within forty-five (45) calendar days from the closing of the offering date of the Sukuk Prihatin(the “Period”).
Principal Waiver: The Sukukholders are allowed to alter the principal amount they choose to waive atmaturity that may have been decided upfront during the application stage. Notwithstanding, the alteration
can only be made during the last quarter prior to the maturity date (“Alteration Period”). For any
alteration, the Sukukholders can contact their respective Distribution Banks (please refer to respective
Distribution Banks’ websites for further information) within forty-five (45) calendar days of the said 21stmonthly e-statement date to make any changes to the waiver status of the principal amount which shallthereafter be communicated to the Primary Distribution Bank for the database to be updated accordingly.

This is a computer generated letter. No signature required.
30

APPENDIX IIIFREQUENTLY ASKED QUESTIONS FORSUKUK PRIHATININVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THISKNOWLEDGE PACK. IF IN DOUBT, PLEASE CONSULT YOUR PROFESSIONAL ADVISER.
10 AUGUST 202031

Frequently Asked Questions for Sukuk Prihatin
General1What is Sukuk Prihatin?

Sukuk Prihatin is a Sukuk issued by the Government of Malaysia(“Government”) which is offered to both retail and corporate investors.

2

What is the objective of Sukuk Prihatin?

The objective of the Sukuk Prihatin is to rally fellow Malaysians in the
Government’s effort to rebuild the nation post the Covid-19 pandemiccrisis.

3

When is the issuance date of the Sukuk
Prihatin?

The Sukuk Prihatin will be issued on 22 September 2020

4

What is the tenure of the Sukuk Prihatin?

The Sukuk Prihatin will have a tenure of 2 years.

5

What would the proceeds be used for?

Proceeds from the Sukuk Prihatin will be channelled to the Kumpulan
Wang COVID-19 to finance measures announced in the economic
stimulus packages and recovery plan to address the COVID-19 crisis.

6

What are some of the examples of theinitiatives which will be funded by the
Sukuk Prihatin?

Examples of the initiatives/programmes as announced in the economic
stimulus packages and recovery post Covid-19 includes but not limited
to the following:1)
2)
3)

medical expenditure related to COVID-19 disease;for financing/grants for micro enterprises; andto enhance connectivity to rural schools, which will also act as
hubs to connect nearby villages.

7

What is the size of the Sukuk Prihatin?

Up to RM500 million in nominal value.

8

What is the profit rate for the Sukuk
Prihatin?

The profit rate for the Sukuk Prihatin is 2% p.a.

9

How often will the profit payment be
paid to the holders of the Sukuk Prihatin?

The profit payments will be paid on quarterly basis.

10Will the profit rate for Sukuk Prihatin
fluctuate throughout the tenure of the
Sukuk?

No, the profit rate will be fixed throughout the tenure of the Sukuk
Prihatin.

11

Will the Sukuk Prihatin be listed on Bursa
Malaysia?

No, the Sukuk Prihatin will not be listed on Bursa Malaysia.

32Frequently Asked Questions for Sukuk Prihatin
General12What is the tax treatment accorded to
the Sukukholders of the Sukuk Prihatin?

a)

In respect of Profit from the Sukuk Prihatin:i.

All profit from the sukuk will be tax exempted.

ii.

This exemption is only applicable to Eligible Buyer/Applicant
stated herein and is not applicable to:-

iii.
b)

1)

All Financial Institution(s) (as defined herein) and
Capital Markets and Services License holder carrying on
the business of fund management under the CapitalMarkets and Services Act 2007; and2)

Trustee that is registered as a member of the
Association of Trust Companies Malaysia (“Registered
Trustee”), who acts on behalf of Eligible Buyer/
Applicant.

Each Sukukholder is required to keep the e-statement of the
Sukuk Prihatin for tax exemption purposes.

In respect of waiver of the principal amount of Sukuk Prihatin:i.

Applicable only to the Eligible Buyer/ Applicant who chooses
to waive the principal amount (in part/ in full) as acontribution to the Government on the maturity date and is
not applicable to:(1)All Financial Institution(s) (as defined herein) and
Capital Markets and Services License holder carrying on
the business of fund management under the CapitalMarkets and Services Act 2007; and(2)

Trustee that is registered as a member of the
Association of Trust Companies Malaysia (“Registered
Trustee”), who acts on behalf of Eligible Buyer/
Applicant.

ii.

The waived amount in (b)(i) will be allowed as deduction in
the basis period for that year of assessment where theredemption of Sukuk Prihatin is made.

iii.

Each Sukukholder is required to keep records on confirmationof the application to exercise the option to waive theprincipal amount as proof for tax deduction claim purposes.

13

Where can I get more information on theterms and conditions of the Sukuk
Prihatin?

For further information on the terms and conditions of the Sukuk
Prihatin, please refer to the knowledge pack made available on therespective Distribution Banks’ website.

14

Who would this instrument/ sukuk besuitable for?

Given the tenure of this issuance/instrument is short (2 years), it issuitable for those investors who wish to diversify their investment
portfolio and is comfortable taking a short term risk with a minimum
return on investments.

15

Sukuk Prihatin will be issued directly by
the Government. Is that similar to how
fixed deposits are guaranteed under
Perbadanan Insurans Deposit Malaysia(PIDM)PIDM insures up to RM250,000 worth of principal and profit for deposits
placed with licensed financial institutions. The Profit Payments and theprincipal amount under this Sukuk Prihatin is a direct obligation of theGovernment as the Issuer.

16

Will this Sukuk Prihatin be a one-off
issuance by the Government or there will
be more issuance of Sukuk Prihatin in the
future?

This Sukuk Prihatin will be a one-off issuance by the Government with a
specific purpose to rally Malaysians to be part of the post pandemic
recovery initiatives.

33

Frequently Asked Questions for Sukuk Prihatin
General17

When is the offering period for the Sukuk
Prihatin?

The Sukuk Prihatin will be offered beginning 18th August until 17th
September 2020.

18

Is there any maximum or minimum
amount for the subscription of the Sukuk
Prihatin?

Eachsubscription/application(initialor
anysubsequent
application/subscription thereafter) shall be at least in a minimum of
RM500 and in multiples of RM100.
Example:Uncle Wong is interested to make an application amounting RM610 for
the Sukuk Prihatin. However, due to requirement, he can only make anapplication of RM600. Should he still proceed to make the application at
RM610, RM10 will be refunded to his account within five (5) businessdays from the date of application is made due to not meeting themultiples requirement.
The next day, he wants to make another application of RM400 for the
Sukuk Prihatin. However, due to the minimum amount required for eachapplication, he realised that he would need to top up his application
amount to a minimum of RM500 before proceeding with his application
to avoid rejection.

19

How will the profit rate be determined?

The profit rate is a fixed rate as determined by the Government andstated in the terms and conditions of the Sukuk Prihatin.

20

What happens if the Sukuk Prihatin isoversubscribed?

The Sukuk Prihatin offering is on a first come first serve basis for theissuance size of RM500.0 million.

21

Is Sukuk Prihatin, a Shariah compliant
investment product?

Yes. The Sukuk Prihatin is a Shariah-compliant investment as endorsed
by BNM’s Shariah Advisory Council.

22

Can I trade (buy or sell) the Sukuk
Prihatin in the secondary market?

No. The Sukuk Prihatin is non-tradable, non-transferable and nonassignable. Any investors who buy the Sukuk Prihatin will have to holdthe Sukuk until its maturity date.

23

What is the underlying Shariah principle
which governs the issuance of Sukuk
Prihatin?

The Sukuk Prihatin shall be issued under the Shariah principle ofCommodity Murabahah (via Tawarruq).
Pursuant to the Agency Agreement for the Commodity Murabahahtransaction, the Successful Sukuk Prihatin Applicant agree to appoint
BNM to act as its agent on its behalf for the Commodity Murabahahtransaction and all matters relating the purchase and Sale of theCommodity(ies) in relation to issuance of the Sukuk Prihatin. The
Commodity (ies) used shall be Shariah compliant commodity(ies) as BNM
deems fit.
Please refer to the Agency Agreement for the Commodity MurabahahTransaction for the Sukuk Prihatin (as attached in the terms andconditions as Appendix II) for the full terms and conditions governing theappointment of BNM as agent for the Sukukholders.

34Frequently Asked Questions for Sukuk Prihatin
General24

What is the difference between
investments in Sukuk and investment inshares of company?

The key differences are:(i)

Holders of Sukuk are essentially financiers or lenders providing
funding to the borrower , while investment in shares would mean
the equity investors are shareholders of the company(i)Profits for the holders of Sukuk are at a fixed rate via steadyperiodic payments known as profits (or coupon for conventionalbonds). Meanwhile, for shareholders, profits are termed as
dividend payments of which they are based on the company’s
performance and they are paid at the discretion of the company

Investment in Sukuk would involve a fixed maturity period, while
investment in shares does not have any maturity period.
25

What are the difference between Sukuk
Prihatin and other retail investments
such as unit trust?

Unit trust represents a pool of investments of a group of investors toinvest in diversified portfolio of investments including bond / sukuk
through fund managers. For this Sukuk Prihatin, retail investors candirectly invest in this Sukuk.

35

Frequently Asked Questions for Sukuk Prihatin
Application
1

Can I make an application for 3rd party?

The Government only allows application made by a trustee that isregistered as a member of the Association of Trust Companies Malaysia(“Registered Trustee”). Save for the application by the Registered
Trustee, no 3rd party application is allowed for the Sukuk Prihatin asproceeds will be debited directly from the Applicant’s accountmaintained with respective Distribution Banks where the application is
made.
For avoidance of doubt, the application by the Registered Trustee would
only be on behalf of any Eligible Buyer/Applicant, as detailed under
Eligible Buyer/Applicant clause in the terms and conditions.

2

Will there be a physical certificate issued
in relation to my subscription to the
Sukuk Prihatin?

No. There will not be any physical certificate to be issued in relation to
the subscription of the Sukuk Prihatin.
An Applicant’s application for the Sukuk Prihatin is confirmed when thecompleted transaction notice appears on the screen once the payment
is completed. A copy of the transaction notice can be printed from theonline banking platform of the respective Applicant’s Distribution Banks
as a proof for application made for the Sukuk Prihatin (“Proof ofApplication”).
Proof of Application is not by itself conclusive of successful subscriptionof the Sukuk Prihatin. Only upon receipt of the Subscription Notice will
an applicant be deem a successful Sukuk Prihatin Applicant (“Successful
Sukuk Prihatin Applicant”) and also a Sukukholder of the Sukuk
Prihatin.
The Proof of Application and the Subscription Notice needs to be kept as
a record by the Applicant and the Successful Sukuk Prihatin Applicant(as the case may be) at all times, to facilitate any refund claims or as
proof of successful subscription of the Sukuk Prihatin (as the case maybe).
To evidence the investment/ownership of the Sukuk Prihatin and the
Sukukholders’ entitlement to the Profit Payment, each Sukukholder will
receive monthly e-statement via e-mail registered by the Applicant
during the application from the Primary Distribution Bank. This estatement is essential to the Sukukholders for tax claim purposes(equivalent to tax voucher).

3

Is there any customer service or
helpdesk line which I can contact toguide me through the application process
for the Sukuk Prihatin and also toaddress any queries that I may havethroughout the tenure of the Sukuk?

Yes. For any questions on the application for the Sukuk Prihatin or suchother queries/ complaints that you may have throughout the tenure of
the Sukuk, you may contact the respective Distribution Banks Pleaserefer to respective Distribution Banks’ websites for further information
and/or guidance on the application process as well as any queries thatyou may have on the Sukuk Prihatin.
On queries/ issues that cannot be resolved immediately by the callcentre/ helpdesk, the Distribution Banks’/ Primary Distribution Bank
may require up to five (5) business days to revert to the Applicant/Sukukholders for any queries/ issues raised.

36

Frequently Asked Questions for Sukuk Prihatin
Application
4

When can I get my refund if myapplication is unsuccessful or rejected
due to error?

Any application that does not meet the criteria of the application suchas error in the investment unit multiples/ error in application
information will be rejected and refund will be credited into theapplicant’s account within five (5) business days from the date ofapplication.
All unsuccessful Applicants will be notified via email within fourteen(14) business days after the offering period of the Sukuk Prihatin ends.
All refunds shall be made via GIRO transfer by the Primary Distribution
Bank directly to the Applicant’s account with the Distribution Banks.

5

Can I make
Trustee?

application

throughaYes. However, only application made by a Registered Trustee will be
accepted for the purpose of the Sukuk Prihatin.
Investors are advised to read in detail (as per “Subscription by aTrustee on behalf of the beneficiary(ies) to the Sukuk Prihatin”
clause in the terms and conditions) for any application intended to bemade via a Registered Trustee to ensure that they understand theconditions attached to such applications before making any
investment decision.

6

Who is eligible to apply for the Sukuk
Prihatin?

1)

A Malaysian who is at least 18 years old at the closing date of theoffering; or2)

A company or corporation incorporated in Malaysia (excluding all
Financial Institution(s) (as defined herein) and Capital Markets
and Services License holder carrying on the business of fundmanagement under the Capital Markets and Services Act 2007; or

3)

A cooperative, foundation, sole proprietorship, partnership,association or other incorporated bodies operating in Malaysia; or

4)

A trustee that is registered as a member of the Association ofTrust Companies Malaysia (“Registered Trustee”), who acts onbehalf of Eligible Buyer/ Applicant that falls under item (1), (2)and (3) above.

Notes:a)Application from persons under 18 years of age and entities otherthan company or corporations referred to in (2) and (3) above
will not be accepted.

b)Application made by a Registered Trustee shall be subjected tothe terms and condition set out in Other Terms and Conditions.

c)

Any application for a third party by any person who is not a
Registered Trustee will not be allowed.

Notwithstanding the above, the Government at its discretion may
include any Financial Institution(s) incorporated in Malaysia as Eligible
Buyer/Applicant for the Sukuk Prihatin for the purpose of underwriting
any amount required for the issuance of Sukuk Prihatin, as it deems
necessary.
In respect of the eligibility, it is the sole responsibility of the Applicant
to ensure that they fall within the above eligibility criteria before
making any application for subscription of the Sukuk Prihatin. Any
application that does not meet the above eligibility criteria will berejected and refund will be made by the Primary Distribution Bank in37
accordance with the Notifications provision in the Terms and Conditions.

Frequently Asked Questions for Sukuk Prihatin
Application
7

Do I need to have a bank account andinternet banking access to subscribe the
Sukuk Prihatin?

Yes. The Applicant must have a bank account and internet/mobilebanking access with any participating Distribution Banks for the Sukuk
Prihatin (please see Appendix 1 of the Knowledge Pack for the full list of
the participating Distribution Banks).
The Sukuk Prihatin is not offered over the counter or the ATM platform.
Any applications made over the counter or the ATM platform will berejected and refunded.
Some Distribution Banks’ may have application restrictions to specificchannels only for the Sukuk Prihatin application. Please refer to theinformation provided in the Knowledge Pack to ensure applications are
made via the authorised channels of the respective Distribution Banks.

8

How do I register for internet banking
access?

For investors who currently does not have any access to internet/
mobile banking services with any of the Distribution Banks, you can walk
into any of the branches of the Distribution Bank and the Distribution
Banks’ officers will be able to guide you to register for access tointernet / mobile banking.

9

What are the documentation required forthe subscription of the Sukuk Prihatin?

No document is required as the application for subscription of the Sukuk
Prihatin are all done digitally via internet and mobile banking platform
made available by the Distribution Banks.

10

Can I apply for the Sukuk Prihatin online?

Yes, Sukuk Prihatin are offered only through digital platforms either via
JomPAY and/or DuitNow operated by PayNet to be accessed via internet
and mobile banking.

11

Can I make multiple applications for the
Sukuk Prihatin?

Yes, multiple applications are allowed from the same bank account.
Each application must be at least at a minimum amount of RM500 and in
multiples of RM100.
Note:

12

How will I know whether my application
for the Sukuk Prihatin is successful or
unsuccessful?

Please avoid using multiple bank accounts from the same /different Distribution Banks to apply for the Sukuk Prihatin as
only application from the bank account where first application
was made will be accepted. The subsequent application madefrom other bank accounts will be rejected and refunded (pleaserefer to the refund process for further details).

For successful /unsuccessful/ rejection to the application, notice shallbe sent by the Primary Distribution Bank via email registered by the
Applicant during the application via JomPAY or DuitNow using therespective Distribution Banks internet and mobile banking platform.
For corporate applicants, please use the same email address that was
registered/ recorded in the respective e-channels (this will be deemedas the authorized and official email address).
Successful and unsuccessful Applicant will be notified via email fourteen(14) business days after the offering period of the Sukuk Prihatin ends.

13

Are there any charges that I need to pay
if I decide to apply for the Sukuk
Prihatin?

Please refer to your respective Distribution Banks for details of thecharges for application made via DuitNow to be paid by the Applicant
for application made via the said channel.

38

Frequently Asked Questions for Sukuk Prihatin
Application
14

How do I apply for the Sukuk Prihatin via
JomPAY or DuitNow?

a)Applicant will need to log on to the respective Distribution
Bank’s online banking website via JomPAY or DuitNow in order tomake the investment with minimum amount of RM500 per
investment and in multiples of RM100.

b)Once logged in, Applicant will need to select either thedesignated “Biller Code” (for JomPAY) or the designated“Business Registration Number” (for DuitNow). Applicant canchoose to opt to waive their principal upfront or otherwise at theapplication stage.
i.

JomPAY Biller Code: 28670 & DuitNow BRN: SUKUKP20PEL For Applicant who wish to invest only; orii. JomPAY Biller Code: 14076 & DuitNow BRN: SUKUKP20SUM –For Applicant who wish to waive its principal at maturityc)

You are then required to fill up both the mandatory reference
fields of Ref-1 (to input the Applicant’s contact number – i.e.
01XXXXXXX. No spacing) and Ref-2 (to input the Applicant’s
email address). For corporate Applicant, please use the sameemail address that was registered/ recorded in the respective echannels (this will be deemed as the authorized and official
email address). Failure to provide the correct email address
will result in the Applicant not being notified on the status ofapplication or not being able to receive the e-statement for
the Sukuk Prihatin on monthly basis.

d)Applicant will be guided by the step by step process forapplication. The step by step process of application will be
displayed in the online banking platform of the respective
Distribution Banks. Applicant will also able to view the Terms &Conditions of the Sukuk Prihatin on the said website.

e)Applicant will need to logon to the respective Distribution Bank’s
online banking platform via JomPAY or DuitNow in order to makethe investment in the Sukuk Prihatin. Please note that each
investment must be in a minimum amount of RM500 per
investment and is in multiples of RM100.

f)

An Applicant’s application for the Sukuk Prihatin is confirmed
when the completed transaction notice appears on the screen
once the payment is completed. A copy of the application
acknowledgment/ receipt can be printed from the online banking
platform of the respective Applicant’s Distribution Banks as a
proof for application made for the Sukuk Prihatin (“Proof ofApplication”).

39Frequently Asked Questions for Sukuk Prihatin
Holding the investments
1

How is the Sukuk Prihatin different fromthe traditional Sukuk transacted byinstitution?

The Sukuk Prihatin offered to retail investors has the samecharacteristics as the bonds/sukuk distributed to institutional investors.
The difference lies in the distribution platform for the primary issuance
whereby the Sukuk Prihatin is offered through the e-channels
distribution platform namely JomPAY and DuitNow while the traditionalbonds / sukuk is offered over the counter or (“OTC”) amongst
institutional investors.
The other difference is in the lot size per transaction whereby the Sukuk
Prihatin is transacted in lots of RM100, with a minimum subscription
amount of RM500, while for institutional investors the traditional Sukuk
is transacted in standard lot sizes of RM5,000,000.

2

Can holders of the Sukuk Prihatin
request the Issuer to early redeem theirholdings?

No. The terms of the Sukuk Prihatin does not allow the holders toredeem their holdings in the Sukuk Prihatin prior to the maturity date.
All investments must be held until the maturity date.

3

Why is there an option to waive therights from receiving the principal
amount at maturity which can be
exercised by the holders of the Sukuk
Prihatin?

This feature is unique to the Sukuk Prihatin as it provides the avenue forthe holders of the Sukuk Prihatin to waive their principal amount which
will be used for any Covid-19 pandemic related expenditures approvedby the Government.

4

Where would the principal
waived be channelled into?

amount

The principal amount waived will be channelled to any Government
trust account, approved by the Government (“Government Trust
Account”).

5

How do you exercise the rights to waive
the principal amount at maturity?

Applicant can opt to waive their principal or otherwise either upfront
during the application stage or in the final quarter prior to the maturityof the Sukuk Prihatin.
Upfront
Once logged in, Applicant will need to select either the designated“Biller Code” (for JomPAY) or the designated “Business Registration
Number” (for DuitNow). Applicant can choose to opt to waive theirprincipal upfront at the application stage.
i.

JomPAY Biller Code: 28670 & DuitNow BRN: SUKUKP20PEL - For
Applicant who wish to invest only; orii.

JomPAY Biller Code: 14076 & DuitNow BRN: SUKUKP20SUM – For
Applicant who wish to waive its principal at maturity

Final Quarterst

The Sukukholders will be reminded in their 21 monthly e-statement tomake a final decision either to waive the principal amount (in part or infull) or to receive the principal amount due (in part or in full). The
Sukukholders may contact their respective Distribution Banks (pleaserefer to respective Distribution Banks’ websites for further information)st
within forty-five (45) calendar days of the said 21 monthly e-statement
date to exercise the option or opt out from making the contribution or
make changes to the amount that the Sukukholders intend to waive andcontribute in respect of the principal amount due on the maturity date.

40

Frequently Asked Questions for Sukuk Prihatin
Holding the investments
6

The step by step for Sukukholders tochange the status of the principal
amount of the Sukuk Prihatin

As per above, Sukukholders will be reminded in their 21st monthly estatement that they can request / choose on the following in the final
quarter of the Sukuk maturity with regards to the principal amount due
at maturity date:
a)

b)
c)

For Sukukholders who did not opt to waive their principal upfront
and wishes to waive their principal later on during theinvestment period
For Sukukholders who wish to opt out from waiving their principal(where they opt in earlier at the start of the application);
For Sukukholders who wish to change the amount to be waived(full/ partial).

The Sukukholders may call their respective Distribution Banks to makeany changes to the status of the waiver on the principal amount.
For those who opt in to waive their principal, the Sukukholders’ final
statement will reflect the principal waived and the Sukukholder will beable to use the said e- statement as proof for tax filing purposes(equivalent to tax voucher).
7

In the event that the Sukukholders
change their mind on the principal
amount which they want to waive, canthe instruction be altered?

Yes. The Sukukholders are allowed to alter the principal amount theychoose to waive at maturity that may have been decided upfront during
the application stage. Notwithstanding, the alteration can only be madeduring the last quarter prior to the maturity date (“Alteration Period”).
For any alteration, the Sukukholders can contact their respective
Distribution Banks (please refer to respective Distribution Banks’
websites for further information) within forty-five (45) calendar days ofthe said 21st monthly e-statement date to make any changes to thewaiver status of the principal amount which shall thereafter becommunicated to the Primary Distribution Bank for the database to be
updated accordingly. Any request for changes shall be made by theDistribution Banks via submission of the Sukuk Prihatin MaintenanceForm to the Primary Distribution Bank via email. Such submission ofrequest shall be effective and is deemed correct on the day of receipt
by the Primary Distribution Bank on such request made by theDistribution Banks.
If no alteration notice is received by the Primary Distribution Bank
within forty-five (45) calendar days of the said 21st monthly e-statement
date, the Primary Distribution Bank shall assume that the Sukukholders
election towards the option made at the point of application of the
Sukuk Prihtan shall remain effective.

8

If the Sukukholder has opted not towaive the principal amount during theapplication of the Sukuk Prihatin, canthey still alter that if they wish to waive
the principal amount prior to the Sukuk
maturity date?

Yes they can. Sukukholders who wish to waive their right to receive theprincipal amount (in part or in full), can request for such changes to bemade by contacting the Distribution Banks (please refer to respective
Distribution Banks’ websites for further information) within the
Alteration Period, prior to the maturity date of the Sukuk Prihatin. The
Distribution Banks shall thereafter communicate the changes
accordingly to the Primary Distribution Bank via submission of therelevant Sukuk Prihatin Maintenance Form for such changes to be
updated into the database accordingly.

41Frequently Asked Questions for Sukuk Prihatin
Holding the investments
9Is there any tax-related benefit to theholders of the Sukuk Prihatin if they
exercise the rights to waive the principal
upon maturity?

Yes. Any principal amount waived by the Sukukholders shall be tax
deductible for the purpose of tax filing of the said holders of the Sukuk
Prihatin during the tax filing period in the basis for the period for thatyear of assessment where the redemption of Sukuk Prihatin is made.
The Sukukholders can use the last e-statement of the Sukuk Prihatin
obtained via email from the Primary Distribution Bank to claim from theInland Revenue Board for the tax deductibility on the amount ofprincipal waived on maturity date and the tax exemption on suchincome earned from the Sukuk holdings for the respective tax filingyear.
For the avoidance of doubt, subscription made by any Registered
Trustee, all Financial Institution(s) (as defined herein) and CapitalMarkets and Services License holder carrying on the business of fundmanagement under the Capital Markets and Services Act 2007, shall not
be accorded with tax-related benefit under the Sukuk Prihatin scheme.

10

How do the holders make changes totheir email address/ bank account details(from the same bank the application ismade only) in relation to the Sukuk
subscription?

Changes to the particulars i.e account number (from the same bank)and email address can be made by contacting the respective
Distribution Banks (please refer to respective Distribution Banks’
websites for further information) where request for such changes canmade within forty-five (45) calendar days from the closing of theoffering date of the Sukuk Prihatin (the “Period”).No changes will beallowed post the said Period.
Such notification shall be effective only upon receipt of such request via
the Sukuk Prihatin Maintenance Form by the Primary Distribution Bank
from any of the Distribution Bank on behalf of the Sukukholders. Upon
receipt of such notice, the Primary Distribution Bank shall reflect suchchanges within thirty (30) calendar days into its database.
The respective Distribution Bank is responsible to perform the required
validation process upon receipt of such request from the Sukukholders
at their end before submitting the Sukuk Prihatin Maintenance Form for
the Primary Distribution Bank to process and update the informationaccordingly.

11

For Sukukholders who made multiple
applications via internet/ mobile banking
platforms of the same Distribution Banks(from one account only), will theyreceive a consolidated statement on
their aggregate holdings of the Sukuk
Prihatin?

No. The Sukukholders will receive an e-statement in respect of eachapplication that they have made for the Sukuk Prihatin via theDistribution Banks (from one account only). The Primary Distribution
Bank will not be issuing any consolidated statement in respect of theiraggregate holdings during the tenure of the Sukuk Prihatin.

12

What are the factors affecting the yieldand price of the Sukuk?

Not applicable as the Sukuk Prihatin is non-tradable and nontransferable in the secondary market. Investors are expected to hold its
investment in the Sukuk Prihatin until its maturity

42

Frequently Asked Questions for Sukuk Prihatin
Holding the investments
13

How will I get paid the profit for the
Sukuk Prihatin? Is it similar to the stocks?

Profit payments will be credited directly by the Primary Distribution
Bank on quarterly basis into the bank account of the Sukukholders of the
Sukuk Prihatin which funds were debited from for the subscription of
the Sukuk Prihatin.
The Government will pay all the profit and principal amount due andpayable pursuant to the Sukuk Prihatin on the respective due date as
required under the terms of the Sukuk Prihatin to the PrimaryDistribution Bank. The Sukukholders’ account will be credited with thesaid amount by the Primary Distribution Bank on the respective due dateof such payment via GIRO/ RENTAS transfer (whichever is applicable).
Each Sukukholder will receive monthly e-statement via e-mail registeredby them during the application from the Primary Distribution Bank. Thise-statement is essential to the Sukukholders for tax claim purposes(equivalent to tax voucher).

14

How is the profit payment calculated?

Example of how the profit payment is calculated using the following
formula similar to other government securities:
Profit payable= Profit Rate (“PR”) x Nominal Value (“NV”) x (1/Frequency of
payment) x (Actual/Actual)
Assumptions:
PR : 2.0% per annum
Nominal Value : RM1,000
The calculation for profit payment may be illustrated as follows:= 2.0% x RM1,000 x (365 days / 365 days)= RM20.00
Since profit is paid quarterly, the profit payment per payment period is:= RM20.00 x (1/4) x (90 days / 90 days)= RM5.00
Profit will be paid to investors quarterly until maturity date of the Sukuk
Prihatin e.g. if the issue date of the Sukuk is 22 September 2020, thefirst profit payment will be on 22 December 2020.

43

Frequently Asked Questions for Sukuk Prihatin
Holding the investments
15

How do I calculate the amount that I am
entitled to at maturity date if I decided
to opt to waive my principal amount inpart only?

The principal amount due at maturity date shall be calculated asfollows:Amount due at maturity date
= Initial investment amount – Amount waive in part at maturity date
Example:Mak Cik Kiah subscribed to RM10,000 Sukuk Prihatin and decided towaive RM3,000 of the principal amount due at maturity date as part ofher contribution to any Government trust account, approved by theGovernment (“Government Trust Account”). The amount of principalthat she will receive on the maturity date will be as follows:Initial Investment : RM10,000
Amount waive in part at maturity date : RM3,000
Amount due at maturity = RM10,000 – RM3,000= RM7,000

16

How would the final settlement of theprincipal amount due at maturity be paid
to the Sukukholders?

Payment for the final settlement amount of the principal to the
Sukukholders shall be made by the Primary Distribution Bank either via
GIRO (for amount less than RM1,000,000) or RENTAS (for amount morethan RM1,000,000)

End of Frequently Asked Questions

44

APPENDIX IVTERMS & CONDITIONS OF THE SUKUKPRIHATININVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THISKNOWLEDGE PACK. IF IN DOUBT, PLEASE CONSULT YOUR PROFESSIONAL ADVISER.
10 AUGUST 202045

Detailed below are the terms and conditions governing the Sukuk Prihatin (“Terms and Conditions”). Investors are advised torequest, read and also understand the information disclosed in the Knowledge Pack before deciding to invest. All the terms used inthis Terms and Conditions shall have the same meaning as defined in Other Terms and Conditions stated herein.

GOVERNMENT OF MALAYSIATERMS AND CONDITIONS OF SUKUK PRIHATIN
1.

Issuer

Government of Malaysia (“Government”)

2.

Instrument

Sukuk Prihatin (Scripless)3.

Utilisation of Proceeds

Proceeds from the Sukuk Prihatin will be channelled
to the Kumpulan Wang COVID-19 to financemeasures announced in the economic stimulus
packages and recovery plan to address the COVID19 crisis.

4.

Sukuk Size

Up to RM500 million in nominal value

5.

Issue Date

22 September 2020

6.

Islamic PrincipleCommodity Murabahah (via Tawarruq)

7.

Tenure/ Maturity DateThe Sukuk Prihatin will have a maturity of 2 years andwill mature on 22 September 2022.

8.

Eligible Buyer/Applicant.

1)

A Malaysian who is at least 18 years old at theclosing date of the offering; or2)

A company or corporation incorporated in
Malaysia (excluding all Financial Institution(s) (asdefined herein) and Capital Markets and Services
License holder carrying on the business of fundmanagement under the Capital Markets andServices Act 2007); or

3)

A cooperative, foundation, sole proprietorship,partnership, association or other incorporated
bodies operating in Malaysia; or

4)

A trustee that is registered as a member of the
Association of Trust Companies Malaysia(“Registered Trustee”), who acts on behalf ofEligible Buyer/ Applicant that falls under item (1),(2) and (3) above.

Notes:(a)Application from persons under 18 years of age
and entities other than company or corporations
referred to in (2) and (3) above will not be
accepted.

(b)

Application made by a Registered Trustee shallbe subjected to the terms and condition set out inOther Terms and Conditions.

Page 1 of 16

Detailed below are the terms and conditions governing the Sukuk Prihatin (“Terms and Conditions”). Investors are advised torequest, read and also understand the information disclosed in the Knowledge Pack before deciding to invest. All the terms used inthis Terms and Conditions shall have the same meaning as defined in Other Terms and Conditions stated herein.

(c)

Any application for a third party by any person
who is not a Registered Trustee will not beallowed.

Notwithstanding the above, the Government at its
discretion may include any Financial Institution(s)incorporated in Malaysia as Eligible Buyer/Applicant
for the Sukuk Prihatin for the purpose of underwriting
any amount required for the issuance of Sukuk
Prihatin, as it deems necessary.
In respect of the eligibility, it is the sole responsibilityof the Applicant to ensure that they fall within theabove eligibility criteria before making any application
for subscription of the Sukuk Prihatin. Any applicationthat does not meet the above eligibility criteria will berejected and refund will be made by the PrimaryDistribution Bank in accordance with the Notifications
provision below.
9.

Profit Rate

2.0% per annum (fixed throughout the tenure).

10.

Frequency of Profit Payments to Investors

Quarterly from the Issue Date. The first profit payment
will be on 22 December 2020.




11.

Minimum subscription amountProfit payment will be credited directly into the
Sukukholders’ account by the Primary Distribution
Bank.
Each subscription/ application (initial or any
subsequent subscription/ application thereafter) shallbe at least a minimum of RM500 and in multiples of
RM100.
Any subscription/ application which is not in multiples
of RM100 will be automatically rounded down to thenearest RM100 multiple by BNM and the excess shallbe refunded by the Primary Distribution Bank to theApplicant via online transfer. Any subscription/
application that does not meet the minimum
subscription/ application amount required shall not be
accepted and shall be refunded to the Applicant
accordingly by the Primary Distribution Bank.

12.

Maximum amount of Subscription

13.

Subscription Period

18th August to 17th September 2020

14.

Redemption

Sukukholders may redeem the Sukuk Prihatin atnominal value only on the stated maturity date. The
principal amount will be credited directly to
Sukukholders’ account on the maturity date by thePrimary Distribution Bank.

No maximum amount.

Sukukholders may also waive the principal amount (inpart or in full) due on maturity date as a contribution
to any Government trust account, approved by theGovernment (“Government Trust Account”).

Page 2 of 16

Detailed below are the terms and conditions governing the Sukuk Prihatin (“Terms and Conditions”). Investors are advised torequest, read and also understand the information disclosed in the Knowledge Pack before deciding to invest. All the terms used inthis Terms and Conditions shall have the same meaning as defined in Other Terms and Conditions stated herein.

15.

Transferability and Assignability



The Sukuk Prihatin are non-tradable,transferable and non-assignable.

16.

Option to Waive the Principal Amount due
on Maturity Date as a Contribution to theGovernmentSukukholders may exercise their discretionary right towaive the principal amount due (in part or in full) on
maturity date, as a contribution to any Government
Trust Account, either upfront during the application
process (choose to donate in full) or within forty-five(45) calendar days of the said 21st monthly estatement date (choose to donate in part or in full).






non-

The Sukukholders will be reminded in their 21 stmonthly e-statement to make a final decision either towaive the principal amount (in part or in full) or toreceive the principal amount due (in part or in full).
The Sukukholders may contact their respective
Distribution Banks (please refer to the respective
Distribution Banks’ website for further information)
within forty-five (45) calendar days of the said 21 stmonthly e-statement date to exercise the option or opt
out from making the contribution or make changes tothe amount that the Sukukholders intend to waive andcontribute in respect of the principal amount due on
the maturity date.
Should there be no changes made by the
Sukukholders relating to the waived principal amountof the Sukuk Prihatin (option as selected during theapplication process) the Primary Distribution Bank will
act in accordance with the confirmation it received
during the application of the Sukuk Prihatin in relation
to the principal amount due on maturity date.
Applicant is advised to read and understand themechanism for waiver of the principal amount due on
the maturity date in the Frequently Asked Questions(“FAQs”) section of the Knowledge Pack.

17.

Tax Treatment Accorded to the
Sukukholdersa)In respect of Profit from the Sukuk Prihatin: (i)All profit from the sukuk will be tax
exempted.

(ii)

This exemption is only applicable to Eligible
Buyer/Applicant stated herein and is notapplicable to:1) All Financial Institution(s) (as defined
herein) and Capital Markets andServices License holder carrying on thebusiness of fund management under the
Capital Markets and Services Act 2007;
and2) Registered Trustee who acts on behalfof Eligible Buyer/ Applicant.

(iii)

b)

Each Sukukholder is required to keep the estatement of the Sukuk Prihatin for tax
exemption purposes.

In respect of waiver of the principal amount of
Sukuk Prihatin:(i)Applicable
only
to
the
Eligible
Buyer/Applicant stated herein who chooses
to waive the principal amount (in part/ in full)

Page 3 of 16

Detailed below are the terms and conditions governing the Sukuk Prihatin (“Terms and Conditions”). Investors are advised torequest, read and also understand the information disclosed in the Knowledge Pack before deciding to invest. All the terms used inthis Terms and Conditions shall have the same meaning as defined in Other Terms and Conditions stated herein.

as a contribution to the Government on thematurity date and is not applicable to: 1) All Financial Institution(s)(as defined
herein) and Capital Markets andServices License holder carrying on thebusiness of fund management under the
Capital Markets and Services Act 2007;
and2) Registered Trustee who acts on behalfof Eligible Buyer/ Applicant.
(ii)

The waived amount in (b)(i) will be allowed
as deduction in the basis period for that yearof assessment where the redemption of
Sukuk Prihatin is made.

(iii)

Each Sukukholder is required to keep
records on confirmation of the application to
exercise the option to waive the principal
amount as proof for tax deduction claim
purposes18.

Primary Distribution Bank

Malayan Banking Berhad (“Maybank”)

19.

Distribution Banks

The participating banks as listed in Appendix I to theTerms and Conditions herein.

20.

Payment Service Provider

Payments Network Malaysia Sdn Bhd (“PayNet”), theoperators of JomPAY and DuitNow.

21.

Distribution Channels of the Distribution
Banks

Internet and mobile banking platform of theDistribution Banks via JomPAY or DuitNow. Applicant
has to be existing customer of the relevant
Distribution Banks and is to follow the instructions as
required depending on the respective internet
banking platform of the relevant Distribution Banks forthe subscription of the Sukuk Prihatin. Please refer tothe FAQs in the Knowledge Pack.
The Applicant is advised to read the Knowledge Packcarefully and make the application for the Sukuk
Prihatin offering only via the Distribution Banks andusing the distribution channels offered by therespective Distribution Banks.

22.

Payment Method

The respective Distribution Banks will immediately
debit the Applicant’s account with the respective
Distribution Banks the amount equivalent to thesubscription amount applied for the Sukuk Prihatin.

23.

Notifications(i) For unsuccessful/ rejection to the application,
notice shall be sent by the Primary Distribution
Bank to the email registered by the Applicant
during the application process via either JomPAY
or DuitNow of the respective Applicant’sDistribution Banks’ internet banking platform
within fourteen (14) business days from theclosing of the offering date of the Sukuk Prihatin.
Pending receipt of such official notification fromthe Primary Distribution Bank, refund amountarising thereof, will be credited to the Applicant’s

Page 4 of 16

Detailed below are the terms and conditions governing the Sukuk Prihatin (“Terms and Conditions”). Investors are advised torequest, read and also understand the information disclosed in the Knowledge Pack before deciding to invest. All the terms used inthis Terms and Conditions shall have the same meaning as defined in Other Terms and Conditions stated herein.

account within five (5) business days from thedate of application of the Sukuk Prihatin(ii) For successful applications, notice shall be sentby the Primary Distribution Bank to the email
registered by the Applicant during the application
process via either JomPAY or DuitNow of therespective Applicant’s Distribution Banks’internet banking platform within fourteen (14)business days from the closing of the offering
date of the Sukuk Prihatin (“Subscription
Notice”). Refund amount (if any) arising from therounding down of the application amount to meetthe multiples of RM100 requirement, will becredited to the Applicant’s account within five (5)business days from the date of application of the
Sukuk Prihatin
Disclaimer: The Primary Distribution Bank shall not
be liable for any information error(s)transmitted by the Distribution Banks orerror(s) made by the Applicant in thecourse of making application via
JomPAY/ or DuitNow (as the case maybe)24.

Proof of Application /Certificates/ e-Statements

An Applicant’s application for the Sukuk Prihatin is
confirmed when the completed transaction noticeappears on the screen once the payment iscompleted. A copy of the transaction notice can be
printed from the online banking platform of therespective Applicant’s Distribution Banks as a proof
for application made for the Sukuk Prihatin (“Proof ofApplication”).
Proof of Application is not by itself conclusive of
successful subscription of the Sukuk Prihatin. Only
upon receipt of the Subscription Notice will an
applicant be deem a successful Sukuk Prihatin
Applicant (“Successful Sukuk Prihatin Applicant”)
and also a Sukukholder of the Sukuk Prihatin.
The Proof of Application and the Subscription Noticeneeds to be kept as a record by the Applicant and theSuccessful Sukuk Prihatin Applicant (as the case maybe) at all times, to facilitate any refund claims or as
proof of successful subscription of the Sukuk Prihatin(as the case may be).
To evidence the investment/ownership of the Sukuk
Prihatin and the Sukukholders’ entitlement to theProfit Payment, each Sukukholder will receive
monthly e-statement via e-mail registered by the
Applicant during the application from the PrimaryDistribution Bank. This e-statement is essential to the
Sukukholders for tax claim purposes (equivalent totax voucher).

25.

Governing Laws

Laws of Malaysia

Page 5 of 16

Detailed below are the terms and conditions governing the Sukuk Prihatin (“Terms and Conditions”). Investors are advised torequest, read and also understand the information disclosed in the Knowledge Pack before deciding to invest. All the terms used inthis Terms and Conditions shall have the same meaning as defined in Other Terms and Conditions stated herein.

OTHER TERMS AND CONDITIONSTHIS OTHER TERMS AND CONDITIONS SHALL BE READ IN CONJUNCTION WITH THE TERMS AND
CONDITIONS OF THE SUKUK PRIHATIN. THE SUKUKHOLDERS SHALL BE BOUND BY THE TERMS STATEDHEREIN THROUGHOUT THE TENURE OF THE SUKUK PRIHATIN
Definitions
In this Terms and Conditions, the following shall have the following meanings:“Anti-Corruption Laws” means all applicable laws, rules and regulations relating to bribery and corruption including
Malaysian Anti-Corruption Commission Act 2009, the US Foreign Corrupt Practices Act of 1977, the UK Bribery Act
2010;“Anti-Money Laundering Laws” means all applicable laws and regulations relating to anti-money laundering, antiterrorism financing and proceeds of unlawful activities including the Anti-Money Laundering, Anti-Terrorism Financing
and Proceeds of Unlawful Activities Act 2001;“Authorities” means BNM, the SC, the Police or any other regulatory authorities;“CMSA” means Capital Markets and Services Act 2007;“BNM” means Bank Negara Malaysia, the central bank of Malaysia;“Commodity(ies)” refers to a Shariah compliant commodity as BNM deems fit for the Commodity Murabahahtransaction;“DNFBP and NBFI” means Designated Non-Financial Businesses and Professions and other Non-Bank Financial
Institutions in Malaysia;“Distribution Banks” refers to the participating banks where distribution of the Sukuk Prihatin will be made andauthorised as a depository institution solely for the Sukuk Prihatin transaction in accordance to the GFA;
“Financial Institution(s)” means licensed banks licensed investment banks and licensed insurers under the
Financial Services Act, 2013, licensed Islamic banks, licensed takaful operators and licensed international takaful
operators under the Islamic Financial Services Act, 2013 or prescribed development financial institutions under theDevelopment Financial Institutions Act 2002 and those entities as listed in Part 1 of Schedule 4 of the CMSA;“GFA” means Government Funding Act 1983 and any orders, rules, regulations or instrument made thereunder;“Insolvency Matter” means:
(i)
(ii)
(iii)

an act of bankruptcy or insolvency has been committed by the Sukukholder;a petition for winding up or bankruptcy which has been presented against the Sukukholder, its director(s)(ifapplicable) or its partner(s)(if applicable); or
the Sukukholder, its director(s) (if applicable), partner(s)(if applicable) is wound up or adjudicated bankrupt;“Knowledge Pack” refers to the information disclosure pack dated 18 August 2020 in relation to the Sukuk Prihatin;“Murabahah (Cost-Plus Sale)” - A contract that refers to the sale and purchase of assets whereby the cost andprofit margin (mark-up) are made known.
“PDPA” means the Personal Data Protection Act 2010 and any orders, rules, regulations or instrument madethereunder;“Primary Distribution Bank”, “us” or “we” means Malayan Banking Berhad (Registration No: 196001000142) asappointed and authorised as a primary investing institution solely for the Sukuk Prihatin transaction in accordance to
the GFA;“Police” refers to the Royal Malaysian Police;“SC” means the Securities Commission Malaysia;“Sukukholder(s)” means the holders of the Sukuk Prihatin;“Tawarruq (Tripartite Sale)” - Purchasing a commodity on a deferred price and then selling it to a third party forcash.
“Terms and Conditions” means these terms and conditions of the Sukuk Prihatin

Page 6 of 16

Detailed below are the terms and conditions governing the Sukuk Prihatin (“Terms and Conditions”). Investors are advised torequest, read and also understand the information disclosed in the Knowledge Pack before deciding to invest. All the terms used inthis Terms and Conditions shall have the same meaning as defined in Other Terms and Conditions stated herein.

1.

Change of email addresses/ bank accountdetails (from the same bank)a) The Sukukholders shall immediately notify any
changes to the Distribution Banks by contacting
them accordingly (please refer to the respective
Distribution Banks’ website for further information)
where request for such changes can be made within
forty-five (45) calendar days from the closing of theoffering date of the Sukuk Prihatin (the “Period”).
Such notification shall be effective only upon receipt
of such request via maintenance form by the PrimaryDistribution Bank from any of the Distribution Banks
on behalf of the Sukukholders. Upon receipt of such
request, the Primary Distribution Bank shall reflect
such changes in its database accordingly. The
respective Distribution Banks is responsible toperform the required validation process upon receipt
of such request from the Sukukholders at their end
before submitting the maintenance form to thePrimary Distribution Bank for processing andupdating of the information accordingly.
b) The Government and its agent (as may be appointed
for the Sukuk Prihatin) are entitled to assume thatsuch particulars provided at the point of applicationof the Sukuk Prihatin is correct, valid and accurate ifno notification is received informing otherwise within
the Period.

2.

Privacy Acta) Each Applicant to the Sukuk Prihatin acknowledges
and agrees that they shall be bound by therespective PDPA policies of the relevant Distribution
Banks, Primary Distribution Bank, BNM & PayNet(the “Parties”). The Primary Distribution Bank’s
PDPA
policies
can
be
found
at
https://www.maybank2u.com.my/iwovresources/maybank/document/my/en/personal/PDP
A-mbb.pdfb) When the Applicant apply for subscription of the
Sukuk Prihatin, they are deemed to have consented
to the use, processing, sharing, maintaining, storing
and retaining of their personal and other disclosed
data for the Sukuk Prihatin. The consented usage
includes by the Issuer, Distribution Banks, PrimaryDistribution Bank, BNM and PayNet and otherparties involved in the Sukuk Prihatin.
c) If the Sukukholders disclose information of otherindividual apart from themselves for the Sukuk
Prihatin, they hereby warrant that they have obtained
the consent of all such individual to the provision of
their data to the Parties for the aforementioned
purposes and for disclosure to such aforesaid
parties. Apart from the purpose for which disclosure
is made, the only other instances where the
Sukukholders’ information will be disclosed are when
it is:
(i)

(ii)

(iii)

required by law including under any legislation
or regulation, government agency or court
order; orrequired by BNM or the Primary Distribution
Bank for the purposes of completing, verifying
or restricting any transaction made by them; or
authorised by the Sukukholders for clarificationof their transaction records; orPage 7 of 16

Detailed below are the terms and conditions governing the Sukuk Prihatin (“Terms and Conditions”). Investors are advised torequest, read and also understand the information disclosed in the Knowledge Pack before deciding to invest. All the terms used inthis Terms and Conditions shall have the same meaning as defined in Other Terms and Conditions stated herein.

(iv) made to the Credit Bureau pursuant to any
requests by BNM.
The consent given herein shall survive the Sukukholders’demise, insolvency, incapacity and the termination of thisTerms and Conditions.
3.

4.

Distribution Banks and Primary Distribution
Banks’ right to debit or credit the respective
account of the Sukukholders (as the case maybe)Communications/ Informationa)

The Sukukholders agree that the Distribution Banks
have the right to withhold and/or debit the
Sukukholders’ account with the respective
Distribution Banks in such manner the Distribution
Banks deem fit, any sum that has been credited by
the Primary Distribution Bank or the Distribution
Banks (as the case may be) into the Sukukholders
account as and when ordered to do so through any
court order and/or where required by any law,regulations, directions and/or requirements of any
authorities.

b)

The Sukukholders agree for payments or transfersthat they make/receive through any channels of the
network operated by PayNet shall be processed
under the rules and operating procedures of PayNet(collectively “Rules”).

c)

The Sukukholders also acknowledge that for any
disputed transfer or payment (e.g. due to error,
wrong or misleading information or due to scams),
the Distribution Banks or the Primary Distribution
Bank (as the case may be) shall follow the Rules andshall exercise such rights given by the Rules
including debiting the disputed amount from the
Sukukholders’ account and remit it back to thetransferor if the Sukukholders failed to substantiate
the ownership to such amount. The Distribution
Banks or the Primary Distribution Bank also will havethe right to earmark the disputed amount upon
notice of the dispute.

d)

The Sukukholders agree that neither the Distribution
Banks nor the Primary Distribution Bank shall be
liable for any claim, loss, damages, penalty,
charges, cost and expense suffered or incurred by
the Sukukholders in relation to Distribution Banks or
the Primary Distribution Bank complying with theRules.

a) The Sukukholders agree that, at their request, theDistribution Banks are authorised to release
information relating to their account and holdings of
the Sukuk Prihatin via telephone, telex or facsimile
to the Sukukholders.
b)

The Sukukholders authorise the Primary Distribution
Bank to send any account information, updates andreminders pertaining to their holdings of the Sukuk
Prihatin via email to the email address which havebeen provided to the Primary Distribution Bank,
including any other updates that the PrimaryDistribution Bank may make available from time totime during the tenure of the Sukuk Prihatin. BNM
shall not be made liable for the Primary Distribution
Bank’s failure to send any such information, updates
and reminders pertaining to the holdings of the
Sukuk Prihatin.

Page 8 of 16

Detailed below are the terms and conditions governing the Sukuk Prihatin (“Terms and Conditions”). Investors are advised torequest, read and also understand the information disclosed in the Knowledge Pack before deciding to invest. All the terms used inthis Terms and Conditions shall have the same meaning as defined in Other Terms and Conditions stated herein.

c) The Primary Distribution Bank is authorised to rely
and act on confirmation received from theDistribution Banks, on any information provided andauthorised to treat any confirmation which thePrimary Distribution Bank in its discretion believes
came from the Sukukholders (via the Distribution
Banks), as fully authorised by the Sukukholders andto rely and act on it and the Primary Distribution Bank
shall not be liable for any loss suffered by the
Sukukholders if such confirmation did not in fact
come from them.
5.

Statement of holdings of Sukuk Prihatina) A statement of holdings of the Sukuk Prihatin (“estatement”) will be sent via email by the PrimaryDistribution Bank to the Sukukholders via email onmonthly basis.
b) The Sukukholders agree that all e-statements andany other documents that may be related to theholdings of Sukuk Prihatin shall be retained by theIssuer and Primary Distribution Bank in accordancewith their respective retention policy.

6.

Anti- Corruption, Anti-Money Laundering and
Sanctions Law

The Sukukholders hereby represent and warrant to theIssuer, Primary Distribution Bank, Distribution Banks,
PayNet and BNM that:a) Anti-Corruption Laws
It shall at all times operate the accounts registered
for the purpose of its holdings of the Sukuk Prihatin(“Account”) in compliance with all applicable AntiCorruption Laws, policies and regulations.
b) Anti-Money Laundering Laws
(i)

None of the funds moving to and from the
Account represent proceeds of, or will be used
for an unlawful; activity as defined in the AntiMoney Laundering, Anti-Terrorism Financing
and Proceeds of Unlawful Activities Act
2001[Act 613].

(ii) During the tenure of these Sukuk Prihatin, they
will not operate the Account to:1) engage directly or indirectly, in atransaction involving an unlawful activity;
2) conceal or disguise the true nature of any
unlawful activity; and/or
3) utilise any monies from the Account for any
money laundering or other unlawful
purpose.
c) Sanctions(i)

To the best of its knowledge that it is not (i)currently subject to any sanctions administeredor enforced by Malaysia, the United States ofAmerica, OFAC the United Nations Security
Council or other relevant sanctions authority(collectively “Sanctions”), or (ii) located or
resident in a country or territory that is the
subject of United States of America OFAC
Sanctions.

Page 9 of 16

Detailed below are the terms and conditions governing the Sukuk Prihatin (“Terms and Conditions”). Investors are advised torequest, read and also understand the information disclosed in the Knowledge Pack before deciding to invest. All the terms used inthis Terms and Conditions shall have the same meaning as defined in Other Terms and Conditions stated herein.

(ii) It will not directly or indirectly, make available inany way any proceeds of any cash withdrawal
to any individual or entity which is a subject of
the Sanctions.
7.

Agency Agreement for the Commodity
Murabahah transaction of the Sukuk Prihatin(i) Pursuant to the Agency Agreement for the
Commodity Murabahah transaction of the Sukuk
Prihatin, the Sukukholders hereby agree to appoint
BNM to act as its agent on their behalf to undertake
the Commodity Murabahah transaction and to act on
its behalf for all matters relating to the purchase orsale of the Commodity(ies) in relation to the issuanceof the Sukuk Prihatin.
(ii) Please refer to the Agency Agreement for the
Commodity Murabahah Transaction for the Sukuk
Prihatin (as attached herein as Appendix II) for thefull terms and conditions governing the appointmentof BNM as agent for the Sukukholders.
(iii) The Commodity Murabahah transaction will be donein the following manner:a)

BNM shall act as agent of the Sukukholders topurchase the Commodity(ies) on spot basis.

b)

upon completion of the purchase, BNM on
behalf of the Sukukholders will sell the
Commodity(ies) to the Government at a costplus mark-up price to be paid on deferredpayment basis.
1)

the obligation in contract form of theGovernment to settle the sale price isevidenced in the form of the Sukuk
Prihatin issued to the Sukukholders; and2)

profit from the sale represents the profit of
the Sukuk Prihatin, will be paid
periodically on quarterly basis. On thematurity date of the Sukuk Prihatin, theGovernment will pay the principal amountand final profit payable to the
Sukukholders, to redeem the Sukuk
Prihatin; and(iv) BNM as the agent of the Government will sell the
Commodity(ies) at cost price on spot basis and remit
the cash to the Government.
8.

Miscellaneousa)Enquiries/ Complaints

Should the Sukukholder have any queries, concerns orcomplaints in relation to their holdings of the Sukuk
Prihatin, they may contact the respective Distribution
Banks (via the Distribution Banks’ call centre) whereapplication for the subscription was made as listed in the
Appendices of the Knowledge Pack.

b)

Other Terms Specific to the Holdings of Sukuk
Prihatin(i) Any application and/or subscription of the Sukuk
Prihatin by a partnership or sole proprietorship shallbe dealt with based on the details as provided to thePrimary Distribution Bank at the point of application
is made via the respective Distribution Banks and thePrimary Distribution Bank is entitled to assume that

Page 10 of 16

Detailed below are the terms and conditions governing the Sukuk Prihatin (“Terms and Conditions”). Investors are advised torequest, read and also understand the information disclosed in the Knowledge Pack before deciding to invest. All the terms used inthis Terms and Conditions shall have the same meaning as defined in Other Terms and Conditions stated herein.

there’s no change in the membership of the firm
whether by death, bankruptcy, retirement orotherwise and/or the admission of new partner(s)and/or termination of any power(s) of any partner(s)of the partnership firm.
The Sukukholders hereby agree that upon death of
any one of the partnership member, the PrimaryDistribution Bank shall decide on the next course ofaction in relation to the holding of the Sukuk Prihatin
at its discretion.
(ii) In the event of death, bankruptcy or insanity of anyof individual Sukukholder, the holdings of the Sukuk
Prihatin may be claimed and paid to the survivor(s)subject to any statutory compliance (if required) withthe relevant legislation prevailing at such time or any
court order subject to the Primary Distribution Bank
being indemnified by the survivor(s) against any
claim that may be made against the PrimaryDistribution Bank as a result of the PrimaryDistribution Bank making such payment.
(iii) The Primary Distribution Bank may reasonably at its
discretion, suspend any payments to be madepursuant to any holdings of the Sukuk Prihatin by any
Sukukholder for any reason, unless it is prohibited bylaw. Those reasons include:a) a report has been lodged to the Authorities
against the Sukukholder or the Account by any
person including the Primary Distribution Bankand the Primary Distribution Bank is expressly
instructed to suspend the payment;b) an investigation is being conducted by the
Authorities or by the Primary Distribution Bankagainst the Sukukholder or the Account andpayment is instructed to be withheld pending
completion of such investigation;c) failure to inform the Primary Distribution Bank ofany change in the Sukukholder’s personalparticulars such as the contact numbers andemail address;d) the death of the Sukukholder, where theprevailing inheritance law will take precedence;e) the Primary Distribution Bank received directivefrom any Authorities, a court order or other legal
documents prohibiting the Account from being
operated or payments to be made to the Account.
(iv)The Primary Distribution Bank will exercise its
reasonable discretion whether to notify the
Sukukholder on the above suspension. The
suspension can only be uplifted at the discretion of
the Primary Distribution Bank and substantiated by
the relevant documents as may be requested by thePrimary Distribution Bank.
c)

Subscription by a Trustee on behalf of thebeneficiary(ies) to the Sukuk Prihatin(i) Only application made by the Registered Trustee will
be accepted for the purpose of the Sukuk Prihatin.
(ii) In relation to any subscription of the Sukuk Prihatin
by a Registered Trustee on behalf of any of its
beneficiary(ies), the Primary Distribution Bank, thePage 11 of 16

Detailed below are the terms and conditions governing the Sukuk Prihatin (“Terms and Conditions”). Investors are advised torequest, read and also understand the information disclosed in the Knowledge Pack before deciding to invest. All the terms used inthis Terms and Conditions shall have the same meaning as defined in Other Terms and Conditions stated herein.

Distribution Banks, BNM and the Issuer shall beentitled to rely on the following:-d)Obligations Several(a)That the Registered Trustee has confirmed to
the Distribution Banks on the required “KnowYour Clients” (“KYC”) checking pursuant to
AMLA requirements and/or AML/CFT policy
documents issued for the DNFBPs (AntiMoney Laundering, Countering Financing ofTerrorism and Targeted Financial Sanctions
for Designated Non-Financial Businesses andProfessions (DNFBPs) & Non-Bank Financial
Institutions (NBFIs) (AML/CFT and TFS forDNFBPs and NBFIs) and other relevant
documents issued by BNM during the onboarding process;(b)That pursuant to any declaration made / issued
to the respective Registered Trustee in relation
to the KYC requirement during the on-boarding
process to the Distribution Banks, thebeneficiary(ies) is neither engaged in any
unlawful activity nor are the monies obtained
from any illegal source or related to any illegal
activity; and(c)

The beneficiary(ies) subscribing to the Sukuk
Prihatin satisfies the eligibility criteria stated inthis Terms and Conditions of the Sukuk
Prihatin.

(d)Each of the Distribution Banks and the PrimaryDistribution Bank shall not be responsible andliable for any loss or damages incurred by any
party involved in the Sukuk Prihatin in the event
the Registered Trustee applying/ subscribing to
the Sukuk Prihatin fails to comply with the
obligations under paragraph (c) above in
relation to such application / subscription (asthe case may be).

Each of the Distribution Banks and the PrimaryDistribution Bank have their respective roles andobligations which are distinct separate and several andshall not be joint or joint and several.
None of the banks shall be responsible for the
performance of the obligations of the other bank and any
breach, non-performance or default by one bank shallnot constitute a breach, non-performance or default by
the other. Each bank shall be responsible and liable only
for its own actions and omissions and one bank shall not
be responsible for the failure by the other banks to meettheir obligations under this Terms and Conditions.
Nothing in these Terms and Conditions shall be
construed as constituting and evidencing a partnership
between the banks.
Without prejudice to the generality of the above, theobligation on conducting the KYC background check andcustomer due diligence shall be the responsibility of therespective Distribution Banks through their existing
internal on-boarding process and procedures, including
undertaking the background check in accordance with
the Anti-Money Laundering Laws.
The Primary Distribution Bank will assume that all
personal data or such other data disclosed on the

Page 12 of 16

Detailed below are the terms and conditions governing the Sukuk Prihatin (“Terms and Conditions”). Investors are advised torequest, read and also understand the information disclosed in the Knowledge Pack before deciding to invest. All the terms used inthis Terms and Conditions shall have the same meaning as defined in Other Terms and Conditions stated herein.

Applicant is true and correct when received and will
make reliance on the relevant checking done by therespective Distribution Banks and shall not be
responsible and/or accountable for any error(s) or
inaccurate data provided in relation the Applicant by theDistribution Banks.
END OF TERMS AND CONDITIONSPage 13 of 16

Detailed below are the terms and conditions governing the Sukuk Prihatin (“Terms and Conditions”). Investors are advised torequest, read and also understand the information disclosed in the Knowledge Pack before deciding to invest. All the terms used inthis Terms and Conditions shall have the same meaning as defined in Other Terms and Conditions stated herein.

APPENDIX I
LIST OF DISTRIBUTION BANKS

Distribution Banks

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
Notes:

E-Channels Offered
JomPAY
DuitNow
RetailCorporate
RetailCorporate

Affin Bank Berhad
Agrobank
Alliance Bank Malaysia Berhad
Al-Rajhi Banking & Investment Corporation(Malaysia) Berhad
AmBank (M) Berhad
Bank Islam Malaysia Berhad
Bank Muamalat Malaysia Berhad
CIMB Bank Berhad
Hong Leong Bank Berhad
Malayan Banking Berhad
MBSB Bank Berhad
Public Bank Berhad
RHB Bank Berhad
Bank Kerjasama Rakyat Malaysia Berhad
Bank Simpanan Nasional
Bank of China (Malaysia) Berhad
MUFG Bank (Malaysia) Berhad
BNP Paribas Malaysia Berhad
Citibank Berhad
Deutsche Bank (Malaysia) Berhad
HSBC Bank Malaysia Berhad
Industrial and Commercial Bank of China(Malaysia) Berhad
Mizuho Bank (Malaysia) Berhad
OCBC Bank (Malaysia) BerhadStandard Chartered Bank Malaysia Berhad
Sumitomo Mitsui Banking Corporation Malaysia
BerhadUnited Overseas Bank (Malaysia) Berhad
Please refer to the Knowledge pack for further details on the Distribution Banks’ respective transaction
limit

Page 14 of 16

Detailed below are the terms and conditions governing the Sukuk Prihatin (“Terms and Conditions”). Investors are advised torequest, read and also understand the information disclosed in the Knowledge Pack before deciding to invest. All the terms used inthis Terms and Conditions shall have the same meaning as defined in Other Terms and Conditions stated herein.

APPENDIX IIAGENCY AGREEMENT FOR THE COMMODITY MURABAHAH TRANSACTION FOR THE SUKUK PRIHATIN
We, the successful applicants for the Sukuk Prihatin (hereinafter referred to as “Successful Sukuk Prihatin
Applicants”) hereby appoint Bank Negara Malaysia (BNM) as our agent to act on our behalf for all matters relating to
the purchase or sale of commodities in relation to the issuance of the Sukuk Prihatin subject to the following terms
and conditions:
1.

The Sukuk Prihatin is issued by the Minister of Finance, pursuant to section 3 of the Government Funding Act
1983 based on Shariah principles of Murabahah.

2.

The Government of Malaysia and BNM have entered into a legally binding Commodity Murabahah Agreement
for the Sukuk Prihatin which governs the roles and obligations of the Government of Malaysia and BNM withrespect to the issuance of the Sukuk Prihatin.

3.

BNM is hereby authorised and shall, as our agent-4.

a)purchase such commodities as BNM thinks fit on wholesale basis using the proceeds of the Successful
Sukuk Prihatin Applicants; orb)sell the purchased commodity to the Government of Malaysia based on Shariah principles of Murabahah.

BNM may appoint another financial institution or any other institution as BNM deems appropriate to act on its
behalf.

Liability
5.

BNM shall not be liable for any loss, costs, liabilities or expenses arising under this Agency Agreement for the
Commodity Murabahah Transaction for the Sukuk Prihatin (hereinafter referred to as the “Agreement”) unlessit acts grossly negligent in performing its obligations under the Agreement.

Termination
6.

This Agreement shall be terminated in accordance with the following terms and conditions:(a)by BNM giving the Successful Sukuk Prihatin Applicants seven (7) Business Days prior written notice;or(b)by mutual agreement of the parties; or(c)where the Commodity Murabahah Agreement for the Sukuk Prihatin is terminated in accordance with
its terms.

The termination of this Agreement shall not affect the parties’ accrued rights and obligations hereunder.
Force Majeure
7.

If the fulfillment of the terms and conditions of this Agreement is rendered impossible due to force majeure
events, i.e. extraordinary and unforeseen circumstances which are beyond BNM’s reasonable control, BNM
shall not be liable for any delay in performance of its obligations, but shall not be released from the obligations
under this Agreement. BNM shall promptly inform the Successful Sukuk Prihatin Applicants of thecircumstances and shall use all reasonable endeavours to comply with its obligations or provide alternate
performance reasonably acceptable to the Successful Sukuk Prihatin Applicants. In the event suchincapacitation continues for a period of fourteen (14) days from the date of the first such force majeure event,the parties shall have the right to terminate the Agreement after making mutually agreeable reasonable
settlements. For avoidance of doubt, force majeure events shall include war or hostilities, any state of riots,
civil commotion, earthquake, flood, fire, tempest, pandemic and any other natural disaster or any event beyond
the reasonable control of the parties.

Page 15 of 16

Detailed below are the terms and conditions governing the Sukuk Prihatin (“Terms and Conditions”). Investors are advised torequest, read and also understand the information disclosed in the Knowledge Pack before deciding to invest. All the terms used inthis Terms and Conditions shall have the same meaning as defined in Other Terms and Conditions stated herein.

Governing Law
8.

This Agreement shall be governed by and construed in accordance with the laws of Malaysia.

No waiver of rights
9.

A failure or delay in exercising any right, power or privilege in respect of this Agreement will not be presumed
to operate as a waiver and a single or partial exercise of any right, power or privilege will not be presumed topreclude any subsequent or further exercise of that right, power or privilege or the exercise of any other right,
power or privilege.

Severability
10.

If at any time any provision of this Agreement becomes illegal, unlawful, invalid or unenforceable in any respect
under the laws of Malaysia, the legality, validity or enforceability of the remaining provisions hereof shall notin any way be affected or impaired thereby.

Entire Agreement
11.

This Agreement constitutes the entire agreement and understanding of the parties with respect to its subject
matter.

Page 16 of 16