Guidelines for Islamic Modes of Finance, SBP

Annexure-2 | musharaka investment agreement |

Info iconThis preview shows pages 89–92. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Annexure-2 | Musharaka Investment Agreement | Musharaka Investment Agreement-1 | | Musharaka Investment Agreement-2 | PARAMETERS AGREED I) Ratio of sharing of Profit (Ratios indicative only) Institution 18% Client 70% Other PLS Funds 12% II) Other Conditions, if any (For example, relating to valuation of inventories, depreciation policies, agreed level or quantum of admissible costs etc.) © 2003 State Bank of Pakistan. All Rights Reserved. Disclaimer | Instructions State Bank of Pakistan I.I. Chundrigar Road, Karachi, Pakistan. Phone: (+9221-24450298, Fax: (+9221) 9212440 http://www.sbp.org.pk/ file:///C|/Documents and Settings/Administrator/Deskt...P/Guidelines for Islamic Modes by SBP/musharaka/3.htm [2/23/2008 11:57:34 PM] State Bank of Pakistan - The Central Bank Home Jobs & Careers Site Map Feedback Contact Us Help Desks Press Release April 15, 2005 State Bank ’ s Shariah Board Approves Essentials and Model Agreements for Islamic Modes of Financing BACK Essentials of Islamic Modes of Financing Murabaha Facility Agreement Musawamah Facility Agreement Lease Agreement Salam Agreement Musharaka Investment Agreement Istisna Agreement Agreement for Interest free Loan Mudaraba Financing Agreement Syndication Mudaraba Agreement In the Name of Allah, the Merciful, the Compassionate MODEL ISTISNA AGREEMENT | APPENDIX- A-B | AGREEMENT TO SELL | THIS ISTISNA AGREEMENT (the "Agreement") is made at____________ on ____________ day of ______________ by and BETWEEN ___________________________________________________________________, (hereinafter referred to as the " Manufacturer/Supplier " which expression shall where the context so permits mean and include its successors in interest and permitted assigns) of the one part AND ___________________________________________________________________, (hereinafter referred to as the " Institution " which expression shall where the context so permits mean and include its successors in interest and assigns) of the other part IT IS AGREED BY THE PARTIES as follows: 1. PURPOSE AND DEFINITIONS 1.01 This Agreement sets out the terms and conditions upon and subject to which the Institution has agreed to have the Specified Goods manufactured from the Manufacturer/Supplier subject to the following terms and conditions: 1.02 In this Agreement, unless the context otherwise requires: "Business Day" means a day on which Institutions are open for normal business in Pakistan; "Contract Price" means Rs.________, being the sum payable by the Institution to the Manufacturer/Supplier as price of the Goods to be manufactured by the Manufacturer/Supplier; “ Event of Default" means any of the events or circumstances described in Clause 09 hereto; file:///C|/Documents and Settings/Administrator/De.../Guidelines for Islamic Modes by SBP/istisna/1.htm (1 of 11) [2/23/2008 11:58:33 PM] State Bank of Pakistan - The Central Bank "Goods" means the Goods described in the clause 2.01 and the Appendix "A"; “ Goods Receiving Note ” means confirmation of receipt of Goods as set out in the...
View Full Document

{[ snackBarMessage ]}

Page89 / 116

Annexure-2 | Musharaka Investment Agreement | Musharaka...

This preview shows document pages 89 - 92. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online