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Guidelines for Islamic Modes of Finance, SBP

With reference to the agency agreement dated and the

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Unformatted text preview: _________________________ With reference to the Agency Agreement dated _________ and the Institution ’ s instructions contained in Murabaha Document # 3/1, we hereby declare and certify that acting as your Agent, we have delivered the payment order/ Cross Cheque given by your good selves to M/s _________________________________________ and purchased on your behalf the Goods as detailed in Murabaha Document # 3/2). Further the Goods are in my/our possession at the following address: Copies of bill/cash memo/invoice issued in the name of “ Ist Islamic Bank – ABC Company ” by M/s _____________________________are attached. For and on behalf of [insert Agent ’ s name] ________________________ AUTHORISED SIGNATORY (Part-II) OFFER TO PURCHASE I/We offer to purchase the above Goods from you for a Contract Price of Rs. ______________________ (Rupees file:///C|/Documents and Settings/Administrator/D...uidelines for Islamic Modes by SBP/murabaha 5.htm (1 of 2) [2/23/2008 11:49:33 PM] State Bank of Pakistan - The Central Bank ________________________________________ 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 (Murabaha 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) comprising cost incurred Rs._________ , plus Profit Rs. __________ (Rupees___________________________). 2) The Contract Price stated above shall be payable in lump sum on __________ or in _____installments, as per the attached schedule (Murabaha 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...uidelines for Islamic Modes by SBP/murabaha 5.htm (2 of 2) [2/23/2008 11:49:33 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 Murabaha Facility Agreement (For Corporate Clients-local purchases) Murabaha Document # 6 | Murabaha Doc # 1 | Murabaha Doc # 2...
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With reference to the Agency Agreement dated and the...

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