Guidelines for Islamic Modes of Finance, SBP

2304 nothing contained herein shall prejudice or

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23.04 Nothing contained herein shall prejudice or otherwise affect the rights and remedies that may otherwise be available under law to the parties. 23.05 Any reconstruction, division, reorganization or change in the constitution of the Lessor or its absorption in or amalgamation with any other person or the acquisition of all or part of its undertaking by any other person shall not in any way prejudice or affect its rights hereunder. 23.06 The two parties agree that any notice or communication required or permitted by this Agreement shall be deemed to have been given to the other party seven days after the same has been posted by registered mail or the next Business Day if given by a facsimile message or telex or by any other electronic means, or the next Business Day as counted from the date of delivery if delivered by courier mail. IN WITNESS WHEREOF , the Parties to this Agreement have caused this Agreement to be duly executed on the date and year first aforementioned. For and on behalf of the Lessee For and on behalf of [insert name of the Lessor] WITNESSES: 1. ______________________________ 2. ______________________________ © 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...Guidelines for Islamic Modes by SBP/leasing/1.htm (13 of 13) [2/23/2008 11:55:09 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 LEASE AGREEMENT Lease Document # 1 | Lease Agreement | Lease Agreement-1 | Lease Agreement-2 | | Lease Agreement-3 | Lease Agreement-4 | WRITTEN REQUEST [Date]__________________ To: ___________________________ [Insert name and address of the Lessor] _______________________________ _______________________________ Dear Sirs, WRITTEN REQUEST FOR PURCHASE OF ASSETS (1) We request you to kindly procure the Assets described below to be leased to us under a separate Agreement: Sr. No. Specification of Assets Amount (2) We further request you to deliver the Assets as follows:- (a) Assets: (b) Terms of delivery: (c) Place of delivery: (3) We hereby certify that the Lease of the Assets by you to us shall not result in a breach of our organizational documents, any provision of any document to which we are a party or by which we are bound, or any applicable law, rule or regulation, whether directly or indirectly. Yours faithfully, For and on behalf of [Insert name of the Lessee] file:///C|/Documents and Settings/Administrator/De.../Guidelines for Islamic Modes by SBP/leasing/2.htm (1 of 2) [2/23/2008 11:55:12 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
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