We have recently updated our Terms of Use. The updated Terms of Use will automatically come into effect on 01.03.2025. Your continued use of (Al-Aalam) app and/or (www.alaalam.iq) website from that date onwards will be subject to these updated Terms of Use. Please, read these Terms of Use carefully.
The (Al-Aalam) app and/or (www.alaalam.iq) website enable the customer Al-Aalam Exchange to send/receive remittances, contact customer support services, access their transaction statements, and many other features.
These are the terms that govern your access to and use of the (Al-Aalam) app and/or (www.alaalam.iq) website, and your interactions with Al-Aalam Exchange and its representatives via the (Al-Aalam) app and/or (www.alaalam.iq) website. Please, read them carefully before using the (Al-Aalam) app and/or (www.alaalam.iq) website.
By accessing or using the (Al-Aalam) app and/or (www.alaalam.iq) website, you acknowledge and agree that you will comply with and are bound by these Terms of Use and to the collection and use of your information as set out in our Privacy Policy. If you disagree with these terms or any part of them, you must not use the (Al-Aalam) app and/or (www.alaalam.iq) website.
We reserve the right to modify these Terms of Use at any time in accordance with this provision. If we make changes to the Terms of Use, we will upload the revised Terms of Use to the (Al-Aalam) app and/or (www.alaalam.iq) website.
Changes to the Terms of Use will come into effect immediately upon such changes being uploaded on the (Al-Aalam) app and/or (www.alaalam.iq) website. Your continued use of the (Al-Aalam) app and/or (www.alaalam.iq) website following such upload will constitute your acceptance of any changes. If you disagree with the revised Terms of Use, you must terminate any agreement you may have with Al-Aalam Exchange, cease using the (Al-Aalam) app and/or (www.alaalam.iq) website and deactivate all of your Accounts.
If we make a material change to the Terms of Use, we will notify you either by posting a notice of the changes on the (Al-Aalam) app and/or (www.alaalam.iq) website and/or via the email address nominated by you in your Accounts.
Our collection, use, storage and disclosure of your personal information in connection with your access to, and use of the (Al-Aalam) app and/or (www.alaalam.iq) website is governed by our Privacy Policy.
Unless otherwise expressly authorized by and agreed with Al-Aalam Exchange:
Al-Aalam Exchange grants you a non-exclusive, fee-free and revocable licence to use the (Al-Aalam) app and/or (www.alaalam.iq) website in accordance with these Terms of Use.
Access to certain areas and information on the (Al-Aalam) app and/or (www.alaalam.iq) website is restricted. You must be an Approved User to access and use certain features and information on the (Al-Aalam) app and/or (www.alaalam.iq) website. In order to be an Approved User, you must complete the registration process and enter into the appropriate agreements with Al-Aalam Exchange (as directed by Al-Aalam Exchange).
Al-Aalam Exchange reserves the right to refuse you access to the (Al-Aalam) app and/or (www.alaalam.iq) website at any time. This is subject to paragraph 3 below, and the terms of the relevant agreements between you and Al-Aalam Exchange.
While using the (Al-Aalam) app and/or (www.alaalam.iq) website, you must act honestly and reasonably. Without limiting the Al-Aalam Exchange Policies and Procedures, you must not:
You must not assign or otherwise transfer any of your Accounts to another party. You are liable for any and all activities conducted on and through all of your Accounts.
You are responsible for maintaining the confidentiality and security of your Account login details and must not disclose your Account login details to any third party.
You must immediately notify Al-Aalam Exchange if you know or have any reason to suspect that your Account login details have been lost, stolen, misappropriated, or otherwise compromised or in case of any actual or suspected unauthorized access or use of your Accounts.
Al-Aalam Exchange reserves the right to suspend or terminate your access to the (Al-Aalam) app and/or (www.alaalam.iq) website, or certain areas of the (Al-Aalam) app and/or (www.alaalam.iq) website, for any reason without notice to you including, but not limited to:
You acknowledge and agree that you will not acquire any rights, including but not limited to, Intellectual Property Rights in the (Al-Aalam) app and/or (www.alaalam.iq) website or any material or content on the (Al-Aalam) app and/or (www.alaalam.iq) website.
You acknowledge and agree that the (Al-Aalam) app and/or (www.alaalam.iq) website and any material on the (Al-Aalam) app and/or (www.alaalam.iq) website, including all associated Intellectual Property Rights, are the exclusive property of Al-Aalam Exchange and/or its licensors or authorized third-parties.
You agree that you will not remove, alter or obscure any Intellectual Property Rights incorporated in or accompanying the (Al-Aalam) app and/or (www.alaalam.iq) website or the material on the (Al-Aalam) app and/or (www.alaalam.iq) website. You will not use, copy, adapt, modify, distribute, license, sell, transfer, publicly display, publicly perform, transmit, broadcast or otherwise exploit the (Al-Aalam) app and/or (www.alaalam.iq) website or any material or content on the (Al-Aalam) app and/or (www.alaalam.iq) website.
No licence or rights are granted to you by implication or otherwise under any Intellectual Property Rights owned or controlled by Al-Aalam Exchange or its licensors, except for the licenses and rights expressly granted in these Terms of Use (subject to the terms of the relevant agreements between you and Al-Aalam Exchange.
The (Al-Aalam) app and/or (www.alaalam.iq) website may contain links to third party websites which are not under the control of Al-Aalam Exchange. Al-Aalam Exchange is not responsible for the content on the third-party websites. You acknowledge that you enter third party websites from the (Al-Aalam) app and/or (www.alaalam.iq) website at your own risk.
You acknowledge that the (Al-Aalam) app and/or (www.alaalam.iq) website uses cookies and automatically collects log data and device information when you access and use the (Al-Aalam) app and/or (www.alaalam.iq) website. By accessing the (Al-Aalam) app and/or (www.alaalam.iq) website and agreeing to these Terms of Use, you consent to Al-Aalam Exchange’s use of cookies and collection of data in accordance with the terms of our Privacy Policy.
The (Al-Aalam) app and/or (www.alaalam.iq) website is provided on an “as is” basis without any representations or warranties, either express or implied. Except where prohibited by law, Al-Aalam Exchange will not be liable whether under the law of contract, statute or the common law in relation to the contents of, use of or otherwise in connection with the (Al-Aalam) app and/or (www.alaalam.iq) website, for any direct or indirect, consequential, exemplary, incidental or punitive damages.
You agree to indemnify Al-Aalam Exchange and its officers, employees and agents from and against any and all claims, damages, cost or liabilities, including but not limited to personal injury, death, loss of or damage to property, infringement of rights and associated costs, that may arise as a result of:
If any provision of these Terms of Use is, or becomes, unenforceable, that will not affect the enforceability of the other provisions of these Terms of Use.
These Terms are governed by the laws of Iraq, and you irrevocably and unconditionally agree to submit to the exclusive jurisdiction of the courts of Iraq.
“Account” means any account that is registered by you on the (Al-Aalam) app and/or (www.alaalam.iq) website. This is an online account. It is not a bank account.
“Account Manager” means an authorized attorney or decision maker for, or custodial parent or guardian of, a Client.
“Approved User” means a User that has registered and been approved by Al-Aalam Exchange to hold a Profile and to log into their Account to access and use the (Al-Aalam) app and/or (www.alaalam.iq) website.
“Client” means an individual with a disability who has registered with, and has been approved by Al-Aalam Exchange to obtain services through the (Al-Aalam) app and/or (www.alaalam.iq) website.
“Confidential Information” means information belonging to or in the possession of, Al-Aalam Exchange or which you obtained through your relationship and engagement with Al-Aalam Exchange and which Al-Aalam Exchange regards as confidential and includes, but is not limited to, any personal, employment, health, private or sensitive information (including your opinions) about Al-Aalam Exchange, other than any information which is in the public domain (except through a breach of the confidentiality of that information).
“Al-Aalam Exchange” means Al-Aalam Exchange, (Licence No --- --- ---), of Al-Aalam Exchange Building, Etafiyah, Baghdad, Iraq (also referred to as “we”, “us” and “our”).
“Al-Aalam Exchange Policies and Procedures” means the standards, policies, statements and procedures of Al-Aalam Exchange available on the (Al-Aalam) app and/or (www.alaalam.iq) website, including, but not limited to the Terms of Use, Privacy Policy and Codes of Conduct, as may be amended from time to time.
“Intellectual Property Rights” include, but are not limited to, patents, copyrights, rights in circuit layouts, registered designs, trademarks, the right to have Confidential Information kept confidential, and any application or right to apply for registration of all present and future rights conferred by statute, common law or equity whether registered or unregistered.
“(Al-Aalam) App” means the Al-Aalam Exchange online app (for iOs and Android operating systems) and all parts and pages of the same.
“(www.alaalam.iq) Website” means the Al-Aalam Exchange website and all parts and pages of the same.
“Privacy Policy” means Al-Aalam Exchange’s policy on the collection, use and disclosure of personal information (available on the (Al-Aalam) app and/or (www.alaalam.iq) website).
“Profile” means the information provided by you and displayed on the (Al-Aalam) app and/or (www.alaalam.iq) website.
“User” means any person that accesses or uses the (Al-Aalam) app and/or (www.alaalam.iq) website.
“you” means the person that accesses or uses the (Al-Aalam) app and/or (www.alaalam.iq) website and your will be interpreted accordingly.