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Date Name of Customer Addressee Valued Customer(s), CONVERSION OF CONVENTIONAL SAVINGS ACCOUNT TO COMMODITY SURABAYA SAVINGS Account (“CONVERSION “) We refer to the above and to our General Notice
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How to fill out conversion of conventional savings

01
Gather all the necessary documents, including your current savings account details, identification documents, and any relevant conversion forms provided by your bank.
02
Contact your bank and inquire about the specific process for converting your conventional savings to another type of account, such as an investment account or a retirement savings account.
03
Follow the instructions provided by your bank to complete any required forms and provide the necessary documents. Make sure to fill out the forms accurately and thoroughly.
04
Submit the completed forms and documents to your bank. Depending on the bank's procedures, you may need to visit a branch in person or send the documents via mail or email.
05
Wait for your bank to process the conversion request. This may take some time, so it's important to be patient.
06
Once the conversion is complete, your conventional savings account should be converted to the desired type of account. You may receive confirmation from your bank or see the changes reflected in your online banking account.

Who needs conversion of conventional savings?

01
Anyone who wishes to change the nature or purpose of their savings may need conversion of conventional savings. This could include individuals who want to switch to a different account type, such as an investment account or a retirement savings account.
02
Additionally, those who want to take advantage of new savings opportunities or benefits offered by different types of accounts may also seek to convert their conventional savings.
03
It's important to consult with your bank or financial advisor to determine if conversion of conventional savings is necessary or beneficial for your specific financial goals and circumstances.
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Conversion of conventional savings refers to the process of converting traditional savings accounts or investments into Sharia-compliant savings accounts or investments.
Individuals or institutions who wish to transition their savings from conventional to Sharia-compliant accounts are required to file conversion of conventional savings.
To fill out conversion of conventional savings, individuals or institutions must provide details of their existing savings accounts or investments and specify their desire to convert them into Sharia-compliant options.
The purpose of conversion of conventional savings is to align savings with Islamic principles and ensure that investments are compliant with Sharia law.
Information such as account details, investment types, reasons for conversion, and any specific requirements for Sharia compliance must be reported on conversion of conventional savings.
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