Circular Regarding Investment Accounts No. 3023/1/10 dated 2015/3/12

In the name of Allah, the Most Gracious, the Most Merciful

Number: 3023 / 1/10
Date: 1436/5/21 AH
Corresponding to: 2015/2/14 AD

Circular to Licensed Islamic Banks

Greetings,

Based on the provisions of Article (99/b) and Article (3/b) of the Banking Law No. (28) of 2000 and its amendments, and with the aim of treating investment account holders fairly and transparently, the following is approved:

1. Efforts shall be made to provide appropriate information to investment account holders, enabling them to make the appropriate investment decision regarding their dealings with the bank. This shall be done by announcing in appropriate ways [including sending SMS messages to all customers (if this is not possible, regular mail shall be sent)] and within a sufficient period before any changes the bank intends to make to the bank's share and the investment account holders' share, or to the relative papers in which the accounts participate, as well as any fundamental changes made regarding these accounts. Additionally, such changes made through branches shall be announced.

2. All expenses related to the aforementioned announcements shall be borne by the bank's expenses.

Please accept our highest regards,

The Governor
Dr. Ziad Friez

Website: www.cbj.gov.jo — E-mail: info@cbj.gov.jo — Fax: 4638889, 463973, 4639721 — Phone: 01-3-463 — P.O. Box: 27 Amman 11118 Jordan