Guidelines for Islamic Modes of Finance, SBP

We acknowledge having received the goods as detailed

Info icon This preview shows pages 79–82. Sign up to view the full content.

View Full Document Right Arrow Icon
We acknowledge having received the Goods as detailed in the Notice of Delivery aforesaid: a) Date of Receipt: b) Time: c) Place of Delivery: d) Description of Goods delivered: Sr. No. Specification of Goods Quantity Sale Price e) Additional remarks (if any): (2) Subject to 1(e), we hereby confirm that there are no claims or liabilities against you. Yours faithfully, For and on Behalf of (Institution) ______________________ © 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/ 6:29 PM] file:///C|/Documents and Settings/Administrator/De...P/Guidelines for Islamic Modes by SBP/salaam/3.htm (2 of 2) [2/23/2008 11:5
Image of page 79

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

View Full Document Right Arrow Icon
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 MUSHARAKA INVESTMENT AGREEMENT (For Incorporated Companies) | Musharaka Investment Agreement | Musharaka Investment Agreement-1 | | Musharaka Investment Agreement-2 | THIS AGREEMENT IS MADE AT_______________ this _________ day of _____________ 2000 BETWEEN ___________________Limited, a duly incorporated company having its registered office at _____________hereinafter referred to as the Client (which expression shall wherever the context so requires or permits mean and include its successors-in-interest and assigns) of the ONE PART AND _________________Institution (or financial institution), a duly incorporated banking company (or financial institution) having its registered office at __________ hereinafter referred to as the Institution (which expression shall wherever the context so requires or permits mean and include its successors-in- interest and assigns) of the OTHER PART: WHEREAS the parties hereto have agreed that the Institution shall provide finance to the Client on profit and loss sharing basis on the terms and conditions hereinafter appearing. NOW, THEREFORE, THIS AGREEMENT WITNESSETH AS UNDER: - 1. PURPOSE AND DEFINITIONS This Agreement sets out the terms and conditions upon and subject to which the Institution has agreed to finance the Client by way of Musharaka investment. 1.02 In this Agreement, unless the context otherwise requires: "Business Day" means a day, on which Banks are open for normal business in Pakistan, file:///C|/Documents and Settings/Administrator/D...idelines for Islamic Modes by SBP/musharaka/1.htm (1 of 7) [2/23/2008 11:57:15 PM]
Image of page 80
State Bank of Pakistan - The Central Bank Client s Investment mean is defined in clause 4 (ii), Financial Statements shall mean the client s Balance Sheet, Profit & Loss Account, Cash Flow statement and statement of changes in equity.
Image of page 81

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

View Full Document Right Arrow Icon
Image of page 82
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern