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Read this Product Disclosure Sheet before you decide to take the Pos Malaysia Gold-i Account product. Be sure to also read the Terms and Conditions of the product. Seek clarification from us if you do not understand any part of this document or the general terms.


THE PRODUCT


Pos Malaysia Gold-i
1. Pos Malaysia Gold-i is a Shariah-compliant digital gold product that allows customers to buy, sell and convert to minted gold bar. The actual physical gold is securely stored in a well-established security vault in Malaysia.
2. Pos Malaysia Gold-i provides live gold price for customer to buy and sell.
3. Customers have the option to request physical gold in minted gold bar form by paying the necessary fulfillment cost.
4. Parties involved in the Gold transaction:
a) As Buyer - The customer purchases the gold from the Pos Malaysia Gold-i
b) As Seller - The customer sells the gold to the Pos Malaysia Gold-i

The Company (Go Capital Growth Sdn Bhd) formerly known as ACE Capital Growth
a) As Seller - The Company sells the gold to the customer.
b) As Buyer - The Company buys back the gold from the customer.
c) As Custodian - The company acts as Pos Malaysia Gold-i customer's representative to safeguard the gold purchased by the customer.

As Gold Supplier
The company procure 999.9% LBMA accredited Gold Bars for sale via Pos Malaysia Gold-i.




ELIGIBILITY


Parties involved in the Gold transaction:
a) The individual must be 18 years old and above.
b) Malaysian and permanent residents with valid MyKad & MyTentera
c) Non-Malaysians may also open an account, provided they have a local Current or Saving Bank Account in Malaysia.





PRODUCT SPECIFICATION

Items Description
Initial Purchase MYR25.00 (or its equivalent in gram)
Subsequent Purchase MYR25.00 (or its equivalent in gram)
Minimum Balance MYR25.00
Gold Purity 999.9%
Currency Ringgit Malaysia (MYR)
Method of Purchase & Sell The Buy and sell can be performed through:
a) Pos Malaysia Gold-i Platform
b) Over-The-Counter at POS ArRahnu Branches
Physical Gold Denomination (Fulfillment) 0.5 gram, 1 gram, 2.5 gram, 5 gram, 10 gram, 50 gram, 100 gram, 1 Dinar (4.25 gram), 5 Dinar (21.25 gram)
Transaction Hour 8.30am to 11.59pm Monday to Sunday, including national public holidays in accordance to Federal Territory calendar
Statement/History By Monthly


FEES AND CHARGES


The following fees and charges may apply:
1. Storage Fees
i) The storage fee is 1% per annum based on your daily gold holdings. This fee will be accrued daily and debited from the account monthly at the end of the month or MYR1.00 equivalent in grams, whichever is higher, or upon the closure of the account. For account closure, the storage fee will be calculated on a pro-rata basis.
ii) The storage fee is calculated at a rate and subject to minimum charges per month, as may be determined from time to time. We will notify you by posting on the Pos Malaysia Gold-i Platform at least five (5) business days prior to the effective date of any changes.
2. Payment Cost : The FPX processing fee of MYR 1.20 per transaction is applicable only for successful transactions.
3. Physical Gold Fulfilment Cost :

Making Charges
Denomination
(gram)
Making Charges/pc
(MYR)
0.5 52.00
1 48.50
2.5 83.00
4.25 88.25
5 85.50
10 130.50
21.25 239.25
50 515.50
100 865.50

Courier Charges
Courier Charges Cost Packing Limit
WM/EM MYR15.00 per parcel 30pcs/100g

Note:
1) The fulfillment fee refers to Making Charges (Premium/Pcs + Handling Charges/Pcs + Insurance/Pcs) + Packaging & Shipping.
2) Packaging and shipment costs are charged only once.
3) The company reserves the right to revise the fulfillment cost from time to time without prior notice. The changes will be based on the charges imposed by the vendors and service providers.
4) The maximum for physical gold fulfillment of minted gold bars is 100 grams or a maximum of 30 pieces per parcel, each time.
5) This policy applies to both West Malaysia and East Malaysia; delivery is available in Malaysia only.
6) For physical delivery, the customer needs to appoint the seller as their agent (wakil) to keep/hold the purchased/converted gold in custody (wadiah) until the collection takes place by the purchaser or their appointed agent (wakil), or until the gold is delivered by the agent (wakil).

For illustration physical gold fulfilment only.

Scenario Calculation Total Customer to Pay
Making Charges Packaging Shipment
2 grams of physical gold (same denomination - 1 gram) MYR 48.50 x 2 pcs MYR 15.00 MYR 112.00
100 grams of physical gold (multiple denomination) 50 gram - MYR 515.50 x 1 pcs
10 gram - MYR 130.50 x 3 pcs
5 gram - MYR 85.50 x 4 pcs
MYR 15.00 MYR 1264.00



Note: The price displayed is includes Making Charges, Courier, Takaful/Insurance


CONTACT US

For any assistance, you may contact us using the following:
Contact Number: 01300 300 300
(Monday to Friday, excluding Public Holidays, from 8 am to 9 pm)
Email: [email protected]
Company Address: Tingkat 3, Ibu Pejabat Pos Kompleks Dayabumi, 50670 Wilayah Persekutuan Kuala Lumpur