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Key Fact Statement for Islamic Non-Resident Deposit Accounts (W.E.F 01012024) Important: Read this document carefully if you are considering opening a new account. It is available in English and Urdu.
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What is key fact statement for?
The key fact statement is a summary document that outlines important information about a financial product or service, designed to help consumers understand the key features, risks, and costs.
Who is required to file key fact statement for?
Financial institutions and service providers that offer regulated financial products are required to file a key fact statement.
How to fill out key fact statement for?
To fill out a key fact statement, the provider must gather relevant information about the product, summarize key features and terms, ensure compliance with regulatory requirements, and present the information in a clear and concise format.
What is the purpose of key fact statement for?
The purpose of the key fact statement is to provide consumers with clear, concise, and transparent information that helps them make informed decisions regarding financial products and services.
What information must be reported on key fact statement for?
The key fact statement must report details such as product features, fees, risks, terms, and conditions associated with the financial product.
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