Guidelines for Islamic Modes of Finance, SBP

Murabaha facility agreement musawamah facility

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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 LEASE AGREEMENT Lease Document # 4 | Lease Agreement | Lease Agreement-1 | Lease Agreement-2 | | Lease Agreement-3 | Lease Agreement-4 | UNDERTAKING ____________________________ [Name & Address of the Lessor] ____________________________ Dear Sirs In consideration of your entering into the Lease Agreement dated ......................... ( Lease Agreement ), we hereby agree and undertake that if you desire to terminate this Lease on account of any of the grounds mentioned in the Lease Agreement during the currency of the Lease, we shall be obliged to purchase the Leased Assets at the Purchase Price mentioned below against the date immediately preceding the date of termination of the Lease ( Purchase Date ). In any such event, all our rights under the Lease Agreement and in the Leased Assets covered by this Lease Agreement shall forthwith terminate and, if we fail to pay the Purchase Price on or before the date specified by you, you shall have the right to take immediate possession of the Leased Assets and we shall immediately deliver to you the Leased Assets together with the registration certificate, permit or other documents pertaining thereto; Purchase Date Purchase Price Yours faithfully, and Settings/Administrator/De.../Guidelines for Islamic Modes by SBP/leasing/5.htm (1 of 2) [2/23/2008 11:55:46 PM]
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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 SALAM AGREEMENT | Salam Agreement | Salam Agreement-1 | Salam Agreement-2 | THIS SALAM AGREEMENT (the Agreement ) is made at______________ on __________ day of _______________ by and BETWEEN ______________________________________________________________, (hereinafter referred to as the 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 1.02 This Agreement sets out the terms and conditions upon and subject to which the Institution has agreed to purchase the Goods from the Supplier: 1.03 In this Agreement, unless the context otherwise requires: Business Day means a day on which banks are open for normal business in Pakistan; Contract Price means Rs.
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