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Mutadawil Equities

Website Disclaimer

PLEASE READ THE FOLLOWING TERMS AND CONDITIONS CAREFULLY. BY ACCESSING WWW.KFIC.COM OR ANY OF ITS SUB-SITES OR ANY OF ITS RELATED SITES SUCH AS WWW.MUTADAWIL.COM (HERINAFTER COLLECTIVELY REFFERED TO AS THE “WEBSITE”), YOU ACKNOWLEDGE THAT YOU HAVE READ THESE TERMS AND CONDITIONS AND THAT YOU AGREE TO BE BOUND BY THESE TERMS AND CONDITIONS.THESE TERMS AND CONDITIONS MAY BE MODIFIED OR AMENDED FROM TIME TO TIME, AND YOUR CONTINUED USE OF THE WEBSITE THEREAFTER WILL CONSTITUTE AGREEMENT WITH SUCH MODIFICATIONS OR AMENDMENTS.

OWNER OF WEBSITE

This Website is owned by Kuwait Finance & Investment Company ("KFIC").

THE WEBSITE

The Website provides certain informative information and interactive services relating to security trading and investments including foreign exchange transactions and information about exchange rates (“Information”). The Website may, from time to time, permit you to book transactions, enter beneficiary account details and access information about your account online (collectively "the Services"). You may also obtain some or all of the Services by telephone, in which case these terms and conditions will also apply to the extent that they are relevant. Any Services provided to you will be provided only pursuant to KFIC’s client agreement which you must agree to in addition to these terms and conditions and prior to the provision of any such Services. In the event of any inconsistency between these terms and conditions and the relevant client agreement, the provisions of the client agreement will prevail.

OWNERSHIP OF INFORMATION ON THE WEBSITE

The intellectual property in the Website and all associated material and Information provided in the Website is the property of KFIC or third parties from whom the material has been licensed or consented to use by KFIC. By accessing or using the Website, KFIC grants you a limited license to view and otherwise access content on the Website. No part of the Website and associated material and information may be reproduced, published or disseminated in any form or by any means, electronic or mechanical, including photocopying, recording, or by information storage or retrieval system, without the prior written consent of KFIC.

ACCESS TO PORTFOLIO LOGIN WITH USERNAME AND PASSWORD

When you enter into a client agreement with us, you will be able to obtain a username and password with prescribed levels of authority in order to enable you (and your authorized representatives) to access the Website and to use the Services. You hereby accept these terms and conditions of use each time the Website is accessed by anybody using your username and password. Provided that KFIC has been supplied with the correct user ID and password requested, KFIC is entitled to assume that instructions are received from you. It is your responsibility to ensure the security of your username and password. KFIC will be entitled to assume that anybody who uses the username and password has your full authority to do so and accepts no responsibility for misuse or unauthorized access unless you have immediately notified KFIC in accordance with these terms and conditions.

PORTFOLIO LOGIN RESPONSIBILITIES

KFIC is not responsible for the security and confidentiality of your portfolio account or any other account relating to the Website. You must change your password on a regular basis and never disclose it to any third party. You undertake to protect your user ID and password in the same way that you would in respect of other valuable and commercially confidential information. Failure to do so shall be at your sole risk and expense. If another person accesses your Account, You are solely responsible for all transactions whether or not the access was authorized by you and you hereby indemnify KFIC, keep KFIC fully indemnified and hold KFIC harmless against all costs, claims, expenses and damages howsoever arising in connection with the use of or access to your Portfolio Account by any third party.

DISCLOSURE OF INFORMATION

You acknowledge that KFIC may disclose and transfer any information that you provide through this Website to (i) any partner, affiliate, subsidiary or agent of KFIC; (ii) to any other person or entity with your consent; or (iii) if we have a right or duty to disclose or are permitted or compelled to so disclose such information by law. You consent to the storage, transmission, transfer or processing of such information to, or through, any country in the world, as we deem necessary or appropriate, and by using and providing information through this Website you agree to such transfers. Use of this Website, including any patterns or characteristics concerning your interaction with it, may be monitored, tracked and recorded. Anyone using this Website expressly consents to such monitoring, tracking and recording.

RESTRICTIONS ON USE

You agree not to interfere with, damage (or attempt to interfere with or damage) or reverse-engineer any code, data or software on or associated with the Website. You agree to access the Portfolio Login only in accordance with the terms of any client agreement you enter into with KFIC.

You agree not to attempt to log on to the Website from any country under sanctions by the Office of Foreign Assets Control (OFAC). Any attempt to log on to the Website from one of these countries may result in your access being restricted and/or terminated.

USE OF INFORMATION ON THE WEBSITE

The Information, including any charts, graphs and models, or any other collection of information on this Website has been obtained from sources believed to be reliable and has been prepared in good faith and with all reasonable care. KFIC makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the Information. Neither KFIC, nor any of its providers of information, assume any liability to you, or to any other third party, for the accuracy of the Information or for any errors or omissions therein, nor will KFIC or any of its providers of information have any liability for the use, interpretation or implementation of theInformation.

ACCURACY OF INFORMATION ON THE WEBSITE

By providing the Information on this Website, KFIC undertakes no obligation to update the Information. Forecasts, opinions or strategies herein are based on assumptions, market conditions and available information at the time of writing and may change without notice. In particular, currency converter rates are updated where possible, but users should be aware that, for many exchange rates, daily data is subject to change and so the rates listed may be inaccurate. These rates are a guide only, so visitors to the Website should consult aKFICdealereither in person or by phone to obtain the current rates of exchange at any given time.

NO FINANCIAL ADVICE OR GUARANTEES OF OUTCOMES

The Information contained in this Website does not constitute either general or personal financial product or securities trading advice, and nothing relating to the provision of the information herein shall be construed as creating a fiduciary, financial or other advisory relationship between KFIC and the user or any other third party. Any comments or statements made are not a recommendation that a particular course of action is suitable for you and should not be regarded as financial product or securities trading advice. Before making any investment decision on the basis of any reports or information provided, you must read any relevant disclosure document and make your own investigations regarding the accuracy, reliability and completeness of this information. You should also seek expert professional advice about the offer in light of your particular financial circumstances and particular investment objectives or needs.

You hereby acknowledge that foreign exchange trading and investment in derivatives can be very speculative and may result in losses as well as profits. Foreign exchange and derivatives trading is not suitable for many members of the public and only risk capital should be applied. KFIC does not take into account special investment goals, the financial situation or specific requirements of individual users. You should carefully consider your financial situation and consult an independent financial advisor as to the suitability of your situation prior to making any investment or entering into any transactions.

NO LIABILITY FOR DELAYS OR TECHNICAL PROBLEMS

KFIC will use all reasonable efforts to provide access to the Website at all reasonable times, but cannot guarantee that such access will never be interrupted as a result of technical or other unforeseen problems. Access to the Website may from time to time be unavailable, delayed, limited or slowed due to, among other things:

  • Hardware failure, including among other things failures of computers (including your own computer), servers, networks, telecommunication lines and connections, and other electronic and mechanical equipment
  • Software failure, including among other things, bugs, errors, viruses, configuration problems, incompatibility of systems, utilities or applications, the operation of firewalls or screening programs, unreadable codes, or irregularities within particular documents or other content
  • Overload of system capacities
  • Damage caused by severe weather, sandstorms, earthquakes, wars, insurrection, riots, civil commotion, act of God, accident, fire, water damage, explosion, mechanical breakdown or natural disasters
  • Interruption (whether partial or total) of power supplies or other utility of service
  • Strike or other stoppage (whether partial or total) of labor
  • Governmental or regulatory restrictions, exchange rulings, court orders or other human intervention
  • Any other cause (whether similar or dissimilar to any of the foregoing) whatsoever beyond the control of KFIC

You acknowledge and accept the risk that the Website Services could be disrupted due to any of the causes noted above, and will not hold KFIC liable to any disruption whatsoever whereby the nature and duration of which is beyond KFIC’s control.

Your use of and browsing in this site are at your own risk. Neither KFIC, any of its agencies, nor any other party involved in creating, producing, or delivering this site is liable for any direct, incidental, consequential, indirect, or punitive damages arising out of your access to, or use of, this site. Without limiting the foregoing, everything on this site is provided to you: "AS IS" WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NONINFRINGEMENT. KFIC DOES NOT WARRANT THAT THE FUNCTIONS CONTAINED IN THE MATERIALS ON THE SITE WILL BE INTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THIS SITE OR THE SERVER THAT MAKES IT AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. KFIC SHALL HAVE NO LIABILITY WHATSOEVER FOR INTERRUPTIONS ON THIS SITE, INACCURACIES OF INFORMATION OR DEFECTS ON THIS SITE REGARDLESS OF THE LOSS YOU INCUR THEREBY. KFIC also assumes no responsibility, and shall not be liable for, any damages to, or viruses that may infect, your computer equipment or other property on account of your access to, use of, or browsing in this site or your downloading of any Content from this site.

INDEMNITY BY YOU

You fully indemnify and hold harmless KFIC and its officers, employees and agents in respect of any loss, damage, cost or expense which they may sustain or incur arising from or related to the improper use of the Website by you or your authorized representatives.

EXTERNAL LINKS

The Website may contain links to other websites which are not maintained or controlled by KFIC ("Third Party Site"). KFIC makes no representations or warranties whatsoever about any Third Party Site. The Website provides these links as a convenience only. A link does not imply endorsement of, sponsorship of, or affiliation with the linked site. KFIC accepts no responsibility for the content or use of any third party site. If you link to any third party site, you leave the Website and do so entirely at your own risk.

THIRD PARTY VENDOR LINKS

KFIC may provide links to services of third party vendors (“TPV Sites”), which are not under the control of KFIC, is not a broker/dealer and does not offer investment advice. Any information provided on this Website or any of the sites or services, to which it is linked, is provided for your convenience only. You acknowledge that by accessing of these TPV Sites, you expressly accept their respective terms of use and recognize that any use made or information obtained from these TPV Sites is at your own risk. KFIC is not responsible for the accuracy or reliability of any information, data, opinions, advice or statements made by any TPV Sites. By using TPV Sites you agree to hold KFIC and any and all of its affiliates and or subsidiaries harmless and free of any responsibility in respect to any harm or damages that may be caused as a result of using the TPV Sites. The inclusion by KFIC of links to TPV Sites does not imply that KFIC endorses or accepts any responsibility for the content or uses of such services of the vendors of the TPV Sites.

ALTERATIONS TO THE WEBSITE

KFIC reserves the right to alter without notice the Information, appearance and Services offered on the Website, provided always that, in the event of any inconsistency, the terms of the client agreement that you enter into with KFIC shall prevail.

PRIVACY

The Privacy Policy on the Website forms part of this agreement.

JURISDICTION

This terms and conditions provided herein are governed by the laws of the State of Kuwait. You hereby confirm and consent to the jurisdiction of the Kuwaiti courts in the event of any dispute or claim arising out of or related to the Website.

PRIVACY POLICY

This Online Privacy Policy explains how we collect, share, use, and protect information when you visit or use our Website and any other online services offered by KFIC. This policy covers KFIC’s online services, including the Mutadawel.com and other online programs that may be offered by KFIC from time-to-time.

Personal Information

When you visit or use our online services, we may collect personal information from or about you such as your name, identification number(s), email address, telephone number(s), account numbers, limited location information, user name and password or any such other information where we believe it is reasonably required for ordinary business purposes.

KFIC Trade for Mobile

For your convenience, KFIC offers you the ability to access some of our products and services through mobile applications (“KFIC Trade”). When you interact with us through KFIC Trade, we may collect information such as unique device identifiers for your mobile device, your screen resolution and other device settings, information about your location, and analytical information about how you use your mobile device. We may ask your permission before collecting certain information (such as precise geo-location information) through KFIC Mobile.

Use of Information

We use the information discussed above in a number of ways, such as:

  • Processing applications and transactions;
  • Verifying your identity (such as when you access your account information);
  • Preventing fraud and enhancing the security of your account or our online services;
  • Responding to your requests and communicating with you;
  • Managing your preferences;
  • Operating, evaluating and improving our business (including developing new products and services; improving existing products and services; performing data analytics; and performing accounting, auditing and other internal functions);
  • Complying with and enforcing applicable legal requirements, relevant industry standards, contractual obligations and our policies; and
  • For any other purposes that we may specifically disclose at the time you provide or we collect your information.

Disclosure of Information

We may share the information we collect from and about you with our affiliates and other third parties.

Linking to Third-Party Websites

KFIC may provide links to websites that are owned or operated by other third party vendors ("TPV Sites"). When you use a link online to visit a TPV Site, you will be subject to that website’s privacy and security practices, which may differ from ours. You should familiarize yourself with the privacy policy, terms of use and security practices of the linked TPV Site before providing any information on that website.

Security

We use reasonable physical, electronic, and procedural safeguards to protect and limit access to personal information. This includes device safeguards and secured files and buildings.

Please note that information you send to us electronically may not be secure when it is transmitted to us. We recommend that you do not use unsecure channels to communicate sensitive or confidential information to us.

Updating Your Information

Keeping your account information up-to-date is very important. If any personal information has changed, please contact us so that we can update the changes accordingly.

Changes to this Online Privacy Policy

We may change this Online Privacy Policy from time to time. Any changes to this Online Privacy Policy will become effective when posted unless indicated otherwise.

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