DUAL CURRENCY INVESTMENT-i

Date of Issuance: 22 September 2016 DUAL CURRENCY INVESTMENT-i RESPONSIBILITY STATEMENT This Product Highlights Sheet has been reviewed and approved by the directors and/or authorised committee and/or persons approved by the Board of RHB Islamic Bank Berhad ( RHB Islamic or the Bank ) and they have collectively and individually accept full responsibility for the accuracy of the information. Having made all reasonable inquiries, they confirm to the best of their knowledge and belief, that there are no false or misleading statements or omission of other facts which would make any statement in the Product Highlights Sheet false or misleading. STATEMENT OF DISCLAIMER The relevant information and document in relation to the Dual Currency Investment-i, including a copy of this Product Highlights Sheet has been lodged with the Securities Commission Malaysia under the Lodge and Launch Framework. The lodgement of the relevant information and document in relation to the Dual Currency Investment-i, including this Product Highlights Sheet, should not be taken to indicate that the Securities Commission Malaysia recommends the Dual Currency Investment-i or assumes responsibility for the correctness of any statement made or opinion or report expressed in this Product Highlights Sheet. The Securities Commission Malaysia is not liable for any non-disclosure on the part of RHB Islamic responsible for the Dual Currency Investment-i and takes no responsibility for the contents of this Product Highlights Sheet. The Securities Commission Malaysia makes no representation on the accuracy or completeness of this Product Highlights Sheet, and expressly disclaims any liability whatsoever arising from, or in reliance upon, the whole or any part of its contents. Last updated: September 2016 1

IMPORTANT/DISCLAIMER THIS IS AN INVESTMENT ACOUNT PRODUCT THAT IS TIED TO THE PERFORMANCE OF THE UNDERLYING ASSET, AND IS NOT A DEPOSIT PRODUCT. This Product Highlights Sheet only highlights the key features and risks of this unlisted capital market product. Investors are advised to request, read and understand all the disclosure documents before deciding to invest. PRODUCT HIGHLIGHTS SHEET Read this Product Highlights Sheet before you decide to take up the Dual Currency Investmenti. Be sure to also read the General Terms and Conditions, Risk Disclosure Statement, Master Term Sheet for Dual Currency Investment-i and be subject to a Suitability Assessment where applicable before deciding to invest in the Dual Currency Investment-i. The Information provided in this sheet is valid as at. Name of Financial Service Provider: RHB ISLAMIC BANK BERHAD (680329-V) Name of Product: Dual Currency Investment-i (DCI-i) 1. What is this product about? BRIEF INFORMATION ON THE PRODUCT Dual Currency Investment-i (DCI-i) is a type of Islamic structured investment product linked to the performance of a pair of currencies under the contract of Wakalah bi al-istithmar (agency contract for investment). Pursuant to the Wakalah bi al-istithmar contract, the Investor as Principal appoints RHB Islamic Bank Berhad (the Bank ) as its agent, (the Wakil ) to invest the investment amount with a view to obtaining the expected return. The investment by the Wakil shall be in shariah-compliant instruments applicable to the DCI-i which includes Islamic currency options and Islamic money market instruments. In the event that the actual return or profit exceeds the expected return the Investor grants a Tanazul to the Bank to waive the excess amount. Prior to investment by the Wakil in the DCI-i instrument, the Investor will need to decide on the currency pair which shall be the Base (investment) Currency and the Alternate Currency, the tenure of the investment and the Conversion Rate. On maturity, Investor will receive the initial investment amount and any return either in the Base Currency or the Alternate Currency depending on where the prevailing exchange rate of the currency pair settles against the Conversion Rate on the Expiry Date. The Base Currency refers to the currency in which the initial investment is made and the Alternate Currency is the second currency of the chosen currency pair to be paired with the Base Currency for the DCI-i. The initial Investment and any return payable will always be paid in the weaker currency as determined on the Expiry Date in accordance with the terms of the DCI-i. If the prevailing exchange rate is equal to Last updated: September 2016 2

the Conversion Rate on the Expiry Date, the Bank has the sole discretion to determine the currency in which the initial investment amount will be paid. DCI-i is not a principal protected investment. This Islamic structured investment is not protected by Perbadanan Insurans Deposit Malaysia. 2. Who is this product suitable for? PRODUCT SUITABILITY You must be a high net worth individual*, high net worth entity* or an accredited investor* to invest in this product. This product may be suitable for investors:- a) who have a view on short term foreign exchange movements b) with risk appetite and are looking for higher returns than traditional deposit products c) who are indifferent to and comfortable with receiving the redemption of the investment in either the Base Currency or the Alternate Currency. d) who are able to hold the investment to maturity e) who are seeking to invest in a Shariah-compliant yield-enhancing investment *The definition of these terms is provided in the Islamic Structured Investment Application Form SHARIAH CONTRACT 3. What is the Shariah contract applicable? The applicable Shariah contract for DCI-i is Wakalah bi al-istithmar (agency contract for investment). This refers to an agreement between the Investor as the principal and the Bank as Wakil. Under the Wakalah, the Bank will perform the role of agent for the Investor and will invest the investment amount so as to meet the objectives of the investment in a manner compliant with Shariah principles. This will involve the use of Islamic instruments which are based on the Shariah principles of (including but not limited to) Wa ad, Commodity Murabahah, Bai Al-Sarf and Tanazul. The Bank will invest in Islamic money market instruments and enter into a Currency Option-i transaction with a counterparty based on the application of these Shariah contracts as follows: Wa ad: The unilateral promise (wa ad min tarfwahid) given by the Bank to enter into a currency exchange on a future date with the counterparty at the Strike Rate if certain conditions are met under the structure of the Currency Option-i. Commodity Murabahah: The Bank will purchase commodities from an approved commodity broker. The Bank will subsequently sell the commodities to the counterparty for a mark-up which is equivalent to the Currency Option-i premium. Bai al-sarf: If the Wa ad under the Currency Option-i is exercised by the counterparty an exchange of currencies shall take place under the Shariah contract of Bai al Sarf. If the counterparty does not exercise the Wa ad under the Currency Option-i, there will be no Bai al-sarf between the Bank and Last updated: September 2016 3

counterparty and hence no exchange of currencies will take place between the Bank and the counterparty. Tanazul. Under the concept of Tanazul, the investor waives his rights and allows the Bank to keep any differences from the Actual Profit on the investment and the Expected Profit quoted upfront to the Investor. Under the same concept, any agency fee for services as Wakil is also waived by the Bank. KEY PRODUCT FEATURES 4. Investment Objectives To offer a Shariah-compliant short term investment instrument with exposure to foreign currency risk that provides potentially higher return than traditional fixed deposits. To achieve the Expected Profit agreed with the Investor upfront. 5. Investment Strategies DCI-i is a restricted investment account (RIA) which is linked to the performance of the exchange rate for a pair of currencies based on the Shariah contract of Wakalah bi al-istithmar (contract of agency for investment). It seeks to achieve the investment objectives by investing in a Shariah-compliant money market instrument and entering into an Islamic Currency Option transaction. The Islamic Currency Option transaction pays a premium which will be the yield enhancer of the DCI-i. Investing in DCI-i will expose investors to foreign currency risks due to the Islamic Currency Option transaction. 6. What am I investing in? What do I get from this product? The date the DCI-i transaction is concluded between the Investor and Trade Date the Bank Start Date Expiry Date Maturity Date Investment Amount Base Currency Alternate Currency a) Two (2) business days after the Trade Date; and b) The date the Investment Amount is debited from the Investor s Islamic Current Account ( CA-i ) or Islamic Multi Currency Account ( MCA-i ). If there are insufficient funds in the account to be debited by 2:00 p.m. on the Start Date, the investment will be terminated and the Investor shall be liable for any unwinding cost. Two (2) business days before the Maturity Date. On this date, the Bank will determine the Spot Rate at 2:00 pm Kuala Lumpur time for purposes of ascertaining the currency of payment of the initial Investment Amount and Return. a) The last day of the DCI-i Tenor as pre-determined on the Trade Date. b) The date when the Base Currency or Alternate Currency plus Profit is paid out to the Investor. Minimum MYR50,000 (or equivalent in foreign currency ( FC )). The currency in which the initial investment is made. The second currency to be paired with the Base Currency. Last updated: September 2016 4

Spot Rate Strike Rate/Conversion Rate Investment Tenure Principal Protection Expected Profit/Return Actual Profit/Return Profit/Return Profit/Return Payment Frequency Profit/Return Calculation Prevailing exchange rate of the currency pair. The exchange rate to be agreed upon upfront for the purpose of conversion of the Base Currency to Alternate Currency on the Expiry Date if applicable. Ranges from a minimum of 1-week up to a maximum of 6 months (subject to market liquidity). This product is non-principal protected. The rate of return agreed upon between the Investor and the Bank before the deal is confirmed on the Trade Date. It is payable either in the base or alternate currency depending on where the Spot Rate of the currency pair settles against the Strike/Conversion Rate on the Expiry Date, as per the terms and conditions of the DCI-i. a) If the Actual Return is above the Expected Return, the Bank will pay the Expected Return to the investor. Any excess will be retained by the Bank as a performance incentive, as provided by the Tanazul given by Investor. b) If the Actual Return is below the Expected Return, the Bank is obliged to pay only the Actual Return to the Investor. Therefore, there will be no element of Hibah (or gift) to meet the Expected Return. The total profit or return generated from the investments made on the Investment Amount including from the Islamic money market instruments and the Currency Option-i. If the Actual Return is below the Expected Return, the Bank is obliged to pay only the Actual Return to the Investor. In this case, there will be no element of Hibah (or gift) offered to meet the Expected Return. The profit or return to be paid to the Investor for the DCI-i. The profit/return paid may be either the Actual Profit/Return or Expected Profit/Return depending on the performance of the DCI-i as stated in the terms and conditions of the DCI-i. Once on Maturity Date. Investment Amount in Base Currency x Profit Rate x Investment Tenor Number of days in a Year* Redemption on Maturity Date *Number of days in a Year may be 365 days or 360 days based on the applicable Day Count Convention of the base currency. On Maturity date, investor will receive the Investment Amount and the Profit either in Base Currency or the Alternate Currency at the Conversion Rate depending on which is the weaker currency. If the Base Currency weakens against the Alternate Currency, the Investor will receive the Investment Amount and the Profit in the Base Last updated: September 2016 5

Currency. If the Base Currency strengthens against the Alternate Currency, the Investor will receive the Investment Amount and Profit in the Alternate Currency. The Investment Amount and the Profit will always be paid in the weaker currency to the investor s CA-i or MCAi as stipulated by the Investor. A maturity advice will be sent to the investor on maturity date or as soon as practicable thereafter to confirm the payment of the Investment Amount and any profit to the investor. Reinvestment terms Shariah compliance Reinvestment by investors in a new DCI-i upon maturity is only allowed by application. No auto renewal is allowed. The Investor shall make its own determination and seek independent advice on the compliance with Shariah principles of the DCI-i. By investing in any DCI-i, the Investor agrees that the DCI-i is offered in conformity/compliance with Shariah principles as stated herein and shall not raise, any objection as to matters regarding Shariah compliance in respect of the DCI-i. 7. What are the key terms and conditions of this product that I should know? Premature termination / Cancellation Cancellation due to Insufficient Funds Strictly discouraged. Investor is likely to incur unwinding costs if the investment is terminated prior to the Maturity Date, including cancellation between Trade Date and Start Date. The actual amount to be returned to Investors depends on any unwinding costs payable arising from the premature termination/cancellation. A request for early termination by the Investor is subject to the Bank s consent. In the event that the Bank consents to premature termination, the investor shall only be entitled to receive an amount equivalent to the Principal Amount less the Unwinding Costs. Due to the request for early termination, if any profit is earned on the unwinding of the Islamic currency option and Islamic money market placement, the investor agrees to waive such profits. Investor is responsible to ensure that there are sufficient funds in the Investor s CA-i or MCA-i maintained with the Bank on Start Date. If there are insufficient funds in the relevant account to be debited by 2.00 p.m. on the Start Date, the investment will be terminated and the Investor shall be liable for any unwinding costs. Unwinding Cost Penalty for Early Withdrawal Other Key Terms (i) the costs of funds in relation to the early termination/upliftment of the investment amount invested in Islamic money market instruments and (ii) the cost of terminating, liquidating or re-establishing any hedging or other transaction relating to the Currency Option-i. None. However early withdrawal will be subject to unwinding costs of the Bank as determined at the Bank s sole discretion. a) Operating Requirements: Investor to maintain a CA-i and a MCAi with the Bank. Last updated: September 2016 6

b) Transfer Restrictions: The investment shall not be transferred, novated or assigned to any other party by the Investor. c) Investment Risk: By investing in this product, investors are exposed to currency exchange risk, key risks as stated below and all other risks as stipulated in the Risk Disclosure Statement. Additional Terms This Islamic Structured Investment Product will be offered to the Investor on the basis that the Bank or its affiliates will not be providing information, advice or recommendation of any sort except factual information about the terms of this product and no fiduciary duty or obligation shall be owed by the Bank to the Investor. The Investor shall be aware that no communication received from the Bank or its affiliates shall be deemed to be an assurance or guarantee as to the expected result on the return on the investment(s). The Structured Investment Product is subject to Bank Negara Malaysia Foreign Exchange Administration Rules (the Rules ) as may be applicable from time to time. If applicable, the Investor must comply with and obtain any approvals required under the Rules. The Bank is appointed as Wakil by the Investor to invest the Investment Amount in shariah-compliant transactions applicable to the DCI-i with no further duty or obligation beyond the terms as set out in the Terms and Conditions to act on behalf of the Principal. The Wakalah shall terminate on the earlier of the maturity or early termination of the DCI-i. The Wakil makes no warranty of representation to the Investor in respect to the performance of the DCI-i and in particular as to the profit payable or the amount that will be realized in the event of early termination of the DCI-i by the Investor. Any losses will be borne by the Investor and the Bank acting as Wakil shall not bear any portion thereof unless it arises from gross negligence or fraud of the Bank. The Bank or its associated companies may also act in a separate capacity (other than as Wakil) in the structuring of the DCI-i, including as provider of financial instruments such as Islamic money market investments and Currency Option-i. Where the Bank acts in this separate capacity, it does so, on its own behalf and acts solely with regard to its own financial position. 8. Who am I investing with? RHB Islamic Bank Berhad. Shariah Committee members are: 1. Dr. Ghazali Jaapar Chairman 2. Professor Dr. Joni Tamkin Borhan Last updated: September 2016 7

3. Assoc. Prof. Dr. Amir Shaharuddin 4. Wan Abdul Rahim Kamil Wan Mohamed Ali 5. Mohd Fadhly Md Yusoff 6. Shabnam Mohamad Mokhtar 9. What are the possible outcomes of my investments? The following scenarios are meant for illustration purposes and do not reflect the past, current or future market trends or performance of the DCI-i. Trade Date 25 March 2014 Start Date 27 March 2014 Expiry Date 1 April 2014 Maturity Date 3 April 2014 Currency pair AUD/USD Investment Amount AUD 100,000 Base Currency AUD Alternate Currency USD Strike/Conversion Rate 0.9120 Tenor 7 days Profit rate p.a 9% Spot rate 0.9080 Scenario 1: The Base Currency weakens against the Alternate Currency. The Investment Amount and Profit will not be converted on the Expiry Date. On the Maturity Date you will receive:- Investment Amount in the Base Currency + Profit in the Base Currency = AUD 100,000 + AUD 175 = AUD 100,175 Profit is = Investment Amount x Profit Rate x Investment Tenure/Day Count Convention AUD 100,000 x 9.00% x 7/360 = AUD 175 Scenario 2: The Base Currency strengthens against the Alternate Currency. The Investment Amount and Profit will be converted on the Expiry Date. On the Maturity Date you will receive:- Investment Amount in the Alternate Currency + Profit in the Alternate Currency = USD 91,200 + USD 159.60 = USD91,359.60 Investment Amount will be converted to the Alternate Currency at the Conversion Rate AUD 100,000 x 0.9120 = USD 91,200 Profit in the Alternate Currency = [Investment Amount in Base Currency x Profit Rate x Investment Tenure/ Day Count Convention] x 0.9120 AUD 100,000 x 9.00% x 7/360 = AUD 175 AUD 175 x 0.9120 = USD159.60 Scenario 3: The Spot Rate is equal to the Conversion Rate on the Expiry Date. In this scenario the Bank has the sole discretion to determine whether the Investment Amount and Profit will be repaid in the Base Currency (AUD100,175) or the Alternate Currency (USD91,359.60). Please Take Note: DCI-i is not principal protected. If your investment is repaid in the Alternate Currency on maturity, and you choose to convert it back to the Base Currency, you may receive less than the original Investment Amount. Last updated: September 2016 8

Scenario 4: Unwinding Cost for Premature Termination/Cancellation. If the investment is terminated/cancelled before the maturity date, the actual amount to be returned to the Investor might be less than the initial Investment Amount. Unwinding Cost for Premature Termination/Cancellation : Cancellation Date 28 March 2014 Investment Amount AUD 100,000 Cost of Funding (AUD 250) Cost of Terminating the embedded Reference Derivative (AUD 320) Total Amount Redeemed [AUD 100,000 (AUD 250+320)] AUD 99,430 Investor receives AUD 99,430 which is less than the initial Investment Amount of AUD 100,000 due to unwinding costs on premature withdrawal. PLEASE TAKE NOTE: The above simulations are being provided for illustrative purposes only and are not a forecast or indication of any expectation or performance. It does not represent actual termination or unwinding costs that may be available to you. It does not present all possible outcomes or describe all factors that may affect the value of the transaction. FEES AND CHARGES 10. What are the fees and charges I have to pay? None KEY RISKS 11. What are the key risks associated with this product? Investor will be exposed to the following risks: i) If you terminate your investment prior to maturity, you will be subject to unwinding cost which can be significant. The amount redeemed upon an early termination will be after deduction of these costs and is likely to be less than the initial Investment Amount. ii) Price and Market Risk iii) Liquidity and Market Disruption iv) Currency Risk v) Credit and Legal Risk vi) Options Risk vii) Operational Risk Please refer to the Risk Disclosure Statement for further details of the above key risks factor. You are advised to read this Product Highlights Sheet for DCI-i together with the Master Term Sheet, General Terms & Conditions and Risk Disclosure Statement for the detailed terms and conditions applicable to and risks of investing in this product. You are advised to carefully consider all risk factors before making an investment decision. You may also be required to complete a Suitability Assessment in accordance with applicable guidelines. Last updated: September 2016 9

12. Valuation strategy adopted and how often are valuation available? The valuation of this product will be provided by the Bank on a request basis from our investor. The valuation is computed based on the prevailing market prices at the point of request. 13. How can I exit from this investment and what are the risks and costs involved? Cooling-off period is not applicable for this short-dated product. Please refer to the explanation above on early termination/withdrawal of DCI-i. 14. What do I need to do if there are changes to my contact details? It is important that you inform us immediately of any change in your contact details to ensure that all correspondences reach you in a timely manner. 15. Where can I get further information? Should you require additional general information about investments, please refer to the banking info booklet on Investing Your Money, available at all our branches and the www.bankinginfo.com.my website. If you have any enquiries, please contact us at: RHB Banking Group Group Treasury &Global Markets, Level 3, Tower Two, RHB Centre, Jalan Tun Razak 50400 Kuala Lumpur Tel : 1300 882 847 Email : treasury@rhbgroup.com / customer.service@rhbgroup.com 16. Other Investments Linked to Derivatives products available Please contact your Relationship Manager or visit RHB Bank or RHB Islamic Bank branches. 17. What can I do if I have a complaint? 1. If you have any feedback, inquiries or complaints, you may contact us:- a) via phone : 1300 882 847 b) via email : treasury@rhbgroup.com / customer.service@rhbgroup.com c) via website : www.rhbgroup.com d) via letter : RHB Islamic Bank Berhad Group Treasury & Global Markets, Level 3, Tower Two, RHB Centre JalanTun Razak 50400 Kuala Lumpur 2. If you are dissatisfied with the outcome of the Bank s internal dispute resolution process, you may refer your dispute to the following:- Last updated: September 2016 10

SECURITIES COMMISSION (i) Securities Industry Dispute Resolution Corporation (SIDREC) a) via phone : 03-2282 2280 b) via fax : 03-2282 3855 c) via email : info@sidrec.com.my d) via letter : Securities Industry Dispute Resolution Center (SIDREC) Unit A-9-1, Level 9, Tower A Menara UOA Bangsar No.5, JalanBangsarUtama 1 59000 Kuala Lumpur (ii) You may also direct your complaint to the Securities Commission Malaysia even if you have initiated a dispute resolution process with SIDREC. To make a complaint, please contact the Securities Commission Malaysia s Investor Affairs & Complaints Department: a) via phone to the Aduan Hotline : 03-6204 8999 b) via fax : 03-6204 8991 c) via email : aduan@seccom.com.my d) via online complaint form available at : www.sc.com.my e) via letter : Investor Affairs & Complaints Department Securities Commission Malaysia No. 3, Persiaran Bukit Kiara Bukit Kiara 50490 Kuala Lumpur BANK NEGARA MALAYSIA (i) (ii) Bank Negara Malaysia Laman Informasi Nasihat dan Khidmat (LINK) a) via phone : 03-2698 8044 extension 8950/8958 b) via website : http://www.bnm.gov.my/bnmlink/index.htm BNMTELELINK a) via phone : 1300-88-LINK (1300-88-5465) b) via fax : 03-2174 1515 c) via email : bnmtelelink@bnm.gov.my d) via letter : Jabatan Komunikasi Korporat Bank Negara Malaysia P.O. Box 10922 50929 Kuala Lumpur Last updated: September 2016 11

We hereby acknowledge that we have read and understood this Product Highlights Sheet. Individual Signature Signature Company Name of Company: Business Reg. No: Name of Authorised Signatory: MyKad No: Name of Authorised Signatory: MyKad No: Signature Name of Authorised Representative/Signatory Signature Name of Authorised Representative/Signatory Date: Date: MyKad No: MyKad No: Date: Date: For Office Use Only: For IB/WM/CS RM/PFC/PB/BM Name & ID: Contact No : Signature verified by: Approved by: Faxed (Date & Time): Winner of Structured Products Asia Awards 2016 Last updated: September 2016 12