PRIVACY POLICY

Last updated : April 2020

ASSIDQ.COM TERMS AND CONDITIONS

Thank you for visiting this site. Please be sure to read the Terms and Conditions contained in this document carefully since any use of this site constitutes your acceptance of the Terms and Conditions set out herein.

Sedania As Salam Capital Sdn. Bhd. (collectively, “AS SALAM”, “we”, “us” or “our”) involves in the business of offering Islamic Financial Tawaruq (Fund-raising) Trading Platform in Malaysia that facilitates Islamic Financing through Financial Technology (Fintech) platform and is operating and managing the As-Sidq’s website (hereinafter referred to as “AsSidq.com”)

AsSidq.com is a platform that is used inter alia as an online technology driven market place for aggregation, display, comparison of financial products offered by various banks and financial institutions. In addition to that this platform also offers membership reward programme. (“Service”).

WE STRONGLY ADVISE THAT YOU READ THESE TERMS AND CONDITIONS CAREFULLY. YOU AGREE THAT BY USING ASSIDQ.COM, YOU ACKNOWLEDGE THAT YOU HAVE READ AND UNDERSTOOD THESE TERMS AND CONDITIONS AND AGREE TO COMPLY WITH AND TO BE BOUND BY THEM. IF YOU DO NOT WISH TO ACCEPT ANY PART OF THESE TERMS AND CONDITIONS YOU MAY CEASE FROM USING ASSIDQ.COM.

Access to and use of any information provided in our materials or on AsSidq.com and dealings made with AS SALAM are conditional upon your acceptance of these Terms and Conditions.

Nothing in this Terms and Conditions shall be construed as limiting any other rights that AS SALAM may have unless specifically stated otherwise. This Term and Condition shall come into effect on the date of you accepting the Terms and Conditions (“Effective Date”) and shall continue to be in force until terminated in accordance with the Terms and Conditions.

By using AsSidq.com, you warrant to us that:-

(a)  You are at least eighteen (18) years old and have the authority to use this AsSidq.com;
(b)  You will not use any of our material or information on AsSidq.com for any purpose that is unlawful or prohibited by these Terms and Conditions;
(c)  You agree to be financially responsible for all charges, fees and other sums of whatever nature which arise out of your use of AsSidq.com; and
(d)  All information provide therein about yourself is true and accurate.

NOW THEREFORE, you hereby agree to abide by the following Terms and Conditions:-

1. DEFINITION

For the purpose of this Terms and Conditions the following terms shall, unless the context otherwise requires, have the meanings as defined below. All other terms not defined herein shall have the meaning assigned to it in these Terms or as may generally be accepted within the industry based on the context used herein.

Application : means the application submitted by you with respect to the Product through AsSidq.com;

AsSidq.com : means the As-Sidq website (https://assidq.com/) which offers membership benefits for Users specifically for syariah compliant banking products;

AsSidq.com Privacy Policy : means the Privacy Policy provided on AsSidq.com that is to be governed between AS SALAM and Users;

AsSidq.com Terms and Conditions : means the Terms and Conditions provided on AsSidq.com that is to be governed between AS SALAM and Users;

AsSidq Membership Programme : means the AsSidq Membership Programme is defined as the consumer rewards programme run by AS SALAM via AsSidq.com. The programme comes with benefits and privileges;

AsSidq Rewards Partner : refers to companies, suppliers, service suppliers, contractors, vendors, agencies, agents, which are appointed by AS SALAM for the purposes of managing various aspects of the Assidq Membership Programme and its activities;

AsSidq Friends : refers to Users who logs into AsSidq.com, of which their details are captured by the platform;

AsSidq VIP : refers to Users who has submit Application on AsSidq.com and has a Membership under the AsSidq Membership Programme;

AS SALAM Partners : refers to the financial institution providing banking Product listed on AsSidq.com;

Membership : means the arrangements by which an AsSidq VIP creates a Profile Account with their login ID and has submitted Application on AsSidq.com;

Members Activities : means any interaction within AsSidq.com such as but not limited to submitting application, creating and updating profile, redeeming gifts, deals, participating in contest, and/or interacting via social media;

Intellectual Property Rights : means: (a) rights in, and in relation to, any patents, registered designs, design rights, trademarks, trade and business names (including all goodwill associated with any trademarks or trade and business names), copyright and related rights, moral rights, databases, domain names, semi-conductor and other topography rights and utility models, and including the benefit of all registrations of, applications to register and the right to apply for registration of any of the foregoing items and all rights in the nature of any of the foregoing items, each for their full term (including any extensions or renewals thereof) and wherever in the world enforceable; and (b) trade secrets, confidentiality and other proprietary rights, including rights to know how and other technical information;

Profile Account : means the Profile Account created by AsSidq VIP of which includes their details to proceed with Application on AsSidq.com;

Personal Data : shall have the same meaning as defined in Personal Data Protection Act 2010 (PDPA 2010);

Product : means the banking Product provided by AS SALAM Partners that are listed on AsSidq.com;

Rewards : refers to the promotional goods and services by AS SALAM and/or AsSidq Rewards Partners in the form of but not limited to product discounts, vouchers, cash vouchers special deals, access privileges, contest, lucky draws of which is stored and accumulated by AsSidq VIP users;

User : means website users who visits AsSidq.com for the purposes of using the services provided by AsSidq.com.

2. ASSIDQ.COM

AsSidq.com shall include services as follows:

2.1.  We offer an independent online service that allows you to compare banking products provided by our AS SALAM Partners of which is free of charge.

2.2.  We additionally allow you to get assistance on AsSidq.com with respect to banking products or services that are featured on AsSidq.com including financial advice or a recommendation. Information on AsSidq.com is provided to help you choose the product or service that best meets your needs. However, it is solely your responsibility to check the suitability of the product or service that is of interest to you and it is your decision to get or refrain from getting any product or service.

2.3.  We also manage a Membership Programme and Members Activities under AsSidq.com as elaborated in the table below:-

Type of User Description (Member benefits)
(a) AsSidq Friends Refers to users who logs into AsSidq.com, of which their details are captured by the platform.
AsSidq Friends receive newsletter and product updates and any other benefit in the future
at the discretion of AS SALAM.
(b) AsSidq VIP Refers to users who submit Application on AsSidq.com and create Member Profile with
a login ID; AsSidq VIP enjoy benefits such as but not limited to receiving rewards, gift vouchers,
discounts, deals, newsletter, product update, participate in a contest by AsSidq.com
and AS SALAM Partners.

2.4.  We are a 100% digital service and contact our customers over digital communication platform once our customer’s details are received via our official company channels including AsSidq.com, e-mail, social media pages, and customer hotline. As such, there will be no physical meeting required between AS SALAM and Users.

2.5.  Please be advised that nothing on AsSidq.com is, or shall be deemed to represent, a proposal by us or any third party to sell to you any product or service or to enter into any contract with you in respect to any product or service. By giving us your details, you are making a proposal to get the relevant product or service from the relevant third party based on its terms and conditions.

3. AS SALAM’S RIGHTS

3.1.  We aim to give you uninterrupted access to AsSidq.com. However, we will update Users on AsSidq.com for any technical maintenance from time to time. We have the right to suspend, limit or terminate your access to AsSidq.com at any time.

3.2.  You acknowledge that AS SALAM has the rights, at its absolute discretion, from time to time, to withdraw, amend, omit and/or vary any part or the whole of the Terms and Conditions.

3.3.  AS SALAM may terminate a Membership of an AsSidq VIP without notice and for any reason, including but not limited to in the occurrence of a Member failing to comply with the Terms and Conditions. Termination of Membership will result in forfeiture of remaining Rewards in a Profile Account. An AsSidq VIP may at any time terminate his or her Membership by withdrawing from the AsSidq Membership Programme by giving writing notice to AS SALAM at hello@assidq.com. If a Profile Account is closed, AsSidq VIP’s right to redeem Rewards from that Profile Account is lost.

3.4. You are advised to make regular checks on AsSidq.com for any changes in the Terms and Conditions. The prevailing amended and varied Terms and Conditions will be published on AsSidq.com and shall supersede all previous versions.

4. RESTRICTIONS BY USERS

4.1. You are prohibited to:-

  • (a)  use AsSidq.com for any fraudulent or unlawful purpose;
  • (b)  use AsSidq.com to defame, abuse, harass, stalk, threaten or otherwise violate the rights of others, including without limitation others’ privacy rights, rights of publicity or intellectual property rights;
  • (c)  impersonate any person or entity, falsely state or otherwise misrepresent your affiliation with any person or entity in connection with AsSidq.com; or express or imply that we endorse any statement you make
  • (d)  interfere with or disrupt the operation of AsSidq.com or the services or networks used to make AsSidq.com available; or violate any requirements, procedures, policies or regulations of such networks;
  • (e)  transmit or otherwise make available in connection with AsSidq.com any virus, worm, or other computer code that is harmful or invasive or may or is intended to damage the operation of, or to monitor the use of, any hardware, software or equipment;
  • (f)  reproduce, duplicate, copy, sell, resell, or otherwise exploit for any commercial purposes, any portion of, use of, or access to AsSidq.com;
  • (g)  modify, adapt, translate, reverse engineer, decompile or disassemble any portion of AsSidq.com. If you wish to reverse engineer any part of AsSidq.com to create an interoperable program you must contact us and we may provide interface data subject to verification of your identity and other information;
  • (h)  remove any copyright, trademark or other proprietary rights notice from AsSidq.com or materials originating from AsSidq.com;
  • (i)  frame or mirror any part of AsSidq.com without our express prior written consent;
  • (j)  create a database by systematically downloading and storing AsSidq.com content;
  • (k)  use any manual or automatic device in any way to gather AsSidq.com content or reproduce or circumvent the navigational structure or presentation of AsSidq.com without our express prior written consent. Notwithstanding the foregoing, we grant the operators of public online search engines limited permission to use search retrieval applications to reproduce materials from AsSidq.com for the sole purpose of and solely to the extent necessary for creating publicly available searchable indices of such materials solely in connection with each operator’s public online search service. We reserve the right to revoke these exceptions either generally or in specific instances; and
  • (l)  create links that are unfair and illegal and or presented in a way that is misleading or could suggest any type of association, approval or endorsement by us which does not exist.

5. UPLOADED CONTENT

5.1.  Uploaded Content shall include but not limited to any information, documents and/or third party documents provided by Users.

5.2.  Some of the features on AsSidq.com allow you to upload and or submit content. By uploading and or submit any content, you represent and warrant that you have all right, title and interest to such posted content, including but not limited to any consent, and authorization from any third party necessary for you to upload or submit the content. By uploading or submitting content, you further agree to give us a non-exclusive, royalty-free, perpetual, worldwide, transferable and sub-licensable licence to use, host, store, reproduce, modify, create derivative works, communicate, publish, publicly perform, publicly display and distribute such content. The content so uploaded and or submitted further shall not:

  • (a)  infringe any intellectual property rights or otherwise constitute a breach of any agreement with any person or entity;
  • (b)  defame, be libelous, unlawfully threaten, harass or otherwise contain subject matters that are objectionable;
  • (c)  be obscene, pornographic or indecent;
  • (d)  be irrelevant for the purposes of the Services offered on AsSidq.com; and or
  • (e)  otherwise breach any law, statute or regulation.

6. DISPUTE RESOLUTION

6.1.  Except as specifically stated in these Terms and Conditions, remedies with respect to the services on AsSidq.com, or with respect to any alleged breach of or default under these Terms and Conditions, shall be resolved by the Parties through mutual consultation. In the event that a controversy or claim cannot be resolved within thirty (30) days subsequent to the commencement of such mutual consultation, either Party shall have the right to submit such controversy or claim to arbitration.

6.2.  The arbitration proceedings shall be held in Kuala Lumpur under the auspices of the Asian International Arbitration Centre and shall be governed by the provisions of the law relating to arbitration for the time being in force in Malaysia namely the Arbitration Act 2005 or any other law amending or replacing this Act.

6.3.  The arbitration proceedings shall be held before a single arbitrator. If the Parties are unable to agree on the arbitrator within fourteen (14) days of the Parties first conferring on the matter, the arbitrator will be appointed by the Director of the Asian International Arbitration Center for Arbitration.

6.4.  The Arbitration proceedings shall be conducted in the English language and the award of the arbitrator shall be final and binding upon the Parties.

7. CUSTOMER SUPPORT

7.1.  We aim to provide all Users with the best service therefore should you have any inquiries please write us at hello@assidq.com.

7.2.  For the purposes of handling inquiries, our working days are Monday to Friday, 9am to 6pm, excluding Public Holidays.

7.3.  Please take note that if your inquiry is regarding a product or service that you have applied via AsSidq.com, you should make inquiries directly to the relevant AS SALAM Partner responsible for supplying the said product or service.

8. DISCLAIMER

8.1.  The content on AsSidq.com is provided “as is” for general information purposes only. It does not constitute advice nor does any part of the content constitute an open offer capable of forming the basis of a contract. AS SALAM strives to ensure the information on this website is accurate and up to date, however, AS SALAM does not warrant or guarantee that anything written here is 100% accurate, timely, or relevant to the solution of any problem visitors may have. To the extent permitted by law, AS SALAM disclaims any and all warranties, express or implied, including those of merchantable quality or fitness for a particular purpose, with respect to the publication of this content.

8.2.  AsSidq.com may at times include statements, opinions or views of third parties. While AsSidq.com may occasionally make reference to certain provider, product or service by its name, it does not constitute an endorsement by AS SALAM. AS SALAM denies any and all liability or responsibility for any errors, inaccuracies, omissions, misleading or defamatory content. As the User of AsSidq.com, you should not rely on any of this content without first seeking financial advice from a professionally qualified expert.

8.3.  Product names, logos, brands and other trademarks referred to in AsSidq.com are the property of their respective trademark holders. These trademark holders are not affiliated nor associated with AS SALAM or AsSidq.com and they do not sponsor or endorse our materials.

8.4.  AS SALAM specifically excludes liability for any Product offered that our AsSidq VIP users purchased and/or redeemed from our AS SALAM Partners.

8.5.  AS SALAM specifically excludes liability for any loss or damage no matter how arising from the use of AsSidq.com or of any information or services provided through AsSidq.com.

8.6.  AS SALAM makes no representation or gives any warranty on the outcome of any Application made by you.

9. LIMITATION OF LIABILITY

9.1. You agree that to the maximum extent permitted by applicable law, in addition to the warranty and other disclaimers in these terms, in no event will AS SALAM be liable for any indirect, consequential, exemplary, special or incidental damages, including, without limitation, any damages arising from or relating to AsSidq.com, even if AS SALAM knew, or should have known, of the possibility of such damages. AS SALAM disclaims all liability of any kind of AS SALAM’s licensors and suppliers. Under no circumstances will AS SALAM be liable in any way for any content, including, but not limited to, any errors or omissions in any content or any loss or damage of any kind incurred in connection with use of, or exposure to, any content posted, emailed, accessed, transmitted or otherwise made available via AsSidq.com.

9.2.  You also understand and agree that this limitation of liability shall apply even if AS SALAM is found liable for any loss or damage due to breach of contract, breach of express or implied or limited warranty, negligence of any kind or degree, strict product liability, subrogation, indemnification or contribution, or any other theory of liability.

9.3.  Nothing in this Term and Condition will limit or exclude your liability in relation to your fraud, fraudulent misrepresentation, gross negligence, violation of applicable laws, or willful default, your breach of its obligations in using AsSidq.com.

10. PERSONAL DATA

Where Personal Data is involved, AS SALAM undertake to comply with the requirements of the Personal Data Protection Act 2010 (hereinafter referred to “PDPA”), in particular with regard to obtaining, storing, transferring and handling of data. AS SALAM compliance with privacy legislation is set out in AsSidq.com Privacy Policy.

11. INTELLECTUAL PROPERTY RIGHTS

AS SALAM retains all Intellectual Property Rights in AsSidq.com and reserve all patent, copyright, trade secret, trade name, trademark, and other Intellectual Property Rights related to AsSidq.com which are protected under Malaysia’s intellectual property laws and International Treaty Provisions. Unauthorized use of AsSidq.com will result in you being liable to infringement of AS SALAM’s Intellectual Property Rights.

12. NOTIFICATION OF CHANGES

You agree that AS SALAM has absolute rights, at its discretion, to change, modify, add, or remove any portions of the Terms and Conditions at any time and notification of changes will be made via AsSidq.com or any other means deemed appropriate.

13. WAIVER

None of the provisions or any matter not specifically mentioned in this Terms and Conditions shall be deemed to have been waived by any act or acquiescence of AS SALAM. Waiver shall be effective only if made by an express instrument from AS SALAM.

14. LAW AND DISPUTES

14.1.  This Terms and Conditions shall be governed by the laws of Malaysia and shall be subject to the exclusive jurisdiction of the courts of Malaysia.

14.2.  If any provision in these terms and conditions is invalid under Malaysian law, the provision will be limited, narrowed, construed or altered as necessary to render it valid but only to the extent necessary to achieve such validity. If necessary, the invalid provision will be deleted from these terms and conditions and the remaining provisions will remain in full force and effect.

15. INDEMNITY

By accessing to AsSidq.com you agree to indemnify and hold us harmless from all claims, actions, damages, costs and expenses including legal fees arising from or in connection with your use of AsSidq.com by any third party.

16. NOTICES

All notices shall be considered as validly served if sent by E-mail to the following:-

If to AS SALAM : hello@assidq.com
If to Users : contact email provided