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Guidelines for Islamic Modes of Finance, SBP

Instructions contained in musawamah document 3/1 we

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Unformatted text preview: instructions contained in Musawamah Document # 3/1, we hereby declare and certify that acting as your Agent, we have used the sum of Rs. ______________ paid by your good selves to M/s _________________________________________ and purchased on your behalf the Goods as detailed in Musawamah Document # 3/2). A sum of Rs.________________ has been incurred for the purchase of the Goods, which are in my/our possession at the following address: ____________________________________________________________________. Copies of bill/cash memo/invoice issued in your name by M/s. _______________________ are attached. For and on behalf of [insert Agent ’ s name] ________________________ AUTHORISED SIGNATORY (Part-II) file:///C|/Documents and Settings/Administrator/D...idelines for Islamic Modes by SBP/musawamah/5.htm (1 of 2) [2/23/2008 11:52:18 PM] State Bank of Pakistan - The Central Bank OFFER TO PURCHASE I/We offer to purchase the above Goods from you for a Contract Price of Rs._______ (Rupees ____________________________________________only). I/We undertake to pay the Contract Price referred to above in lump sum on , or in _______ installments, if agreed by the Institution, as per the attached schedule (Musawamah Document # 6). For and on behalf of [Insert Agent ’ s name] ________________________ AUTHORISED SIGNATORY Date: __________________ (Part-III) INSTITUTION ’ S ACCEPTANCE We have accepted your offer and have sold the above mentioned Goods to you on the following terms and conditions. 1) The Contract Price is Pak Rs._________ (Rupees ______________________________________only) inclusive of Sales Tax Rs. ______________. 2) The Contract Price stated above shall be payable in lump sum on __________ or in ___installments, as per the attached schedule (Musawamah Document # 6). For and on behalf of [Insert name of the Institution] AUTHORISED SIGNATORY AUTHORISED SIGNATORY Date:___________________ Date: ___________________ © 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/D...idelines for Islamic Modes by SBP/musawamah/5.htm (2 of 2) [2/23/2008 11:52:18 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 Musawamah Facility Agreement (For Corporate Clients-local purchases) Musawamah Document # 6 | Musawamah Doc # 1 | Musawamah Doc # 2 | Musawamah Doc # 3.1 | | Musawamah Doc # 3.2 | Musawamah Doc # 4 | Musawamah Doc# 5...
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instructions contained in Musawamah Document 3/1 we hereby...

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