- In case of a transfer or a draft issuance transaction in a currency other than Saudi Riyals, the foreign exchange shall be done first, and then shall be followed by the transfer or draft issuance transaction.
- The bank shall follow normal procedures for funds transfers and shall not be liable unless it is guilty of negligence or a failure to adhere to proper procedures.
- If the funds are transferred in a currency different from that of the destination country, the payment to the beneficiary will be in the currency of the destination country using the exchange rate prevailing in the beneficiary's bank.
- The bank shall not allow, under any circumstances, funds transfers for purposes that contradict or contravene Shariah rules; and the bank will have the right to cancel any such funds transfers without bearing any liability resulting from such a cancellation.
- After the transfer transaction or draft issuance, the customer, or his agent, shall not be entitled to cancel or amend such transactions unless agreed upon by the beneficiary.
The transfer value will not be returned for any reason unless the payment does not reach the beneficiary and the correspondent bank returns the full amount of the transfer to Alinma Bank, which must confirm receipt of the returned funds. - The customer will bear any fees or charges should he provide erroneous or incomplete information that leads to the return of the transfer funds by the correspondent bank.
- Any disputes that may arise, if not amicably resolved, will fall under the jurisdiction of the judicial authorities in the Kingdom of Saudi Arabia.
- In case of any contradictions between the Arabic and English texts, the Arabic text shall prevail.
