Guidelines for Islamic Modes of Finance, SBP

Essentials of islamic modes of financing murabaha

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Unformatted text preview: 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 # 2 | Lease Agreement | Lease Agreement-1 | Lease Agreement-2 | | Lease Agreement-3 | Lease Agreement-4 | SCHEDULE This Schedule shall be attached to and form an integral part of the Lease Agreement Between M/s (Lessor)_________________________________________and (Lessee) ______________________________________________________________________. The Lessee authorizes the Lessor to procure the under noted asset(s), to be leased in terms of the Agreement between the parties, and at the rate and for the term herein specified. Sr. No. Specification of Assets Amount Term of Lease The Lessor shall maintain comprehensive insurance during entire period of lease. Registration, CVT, Income Tax, and Road Tax shall be paid by Lessee. Place of delivery and return of the Leased Assets shall be at the Head Office of Lessor or as agreed between the Parties. Commencement date of Lease: _____________________ Duly authorized by the Lessees:_____________________ The amount of Security Deposit Rs. __________________ shall be adjusted towardsResidual Value at the end of lease period OR The amount of Residual Value Rs. _________________ shall be payable by the Lessee at the end of Lease Period. 5:18 PM] file:///C|/Documents and Settings/Administrator/De.../Guidelines for Islamic Modes by SBP/leasing/3.htm (1 of 2) [2/23/2008 11:5 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 # 3 | Lease Agreement | Lease Agreement-1 | Lease Agreement-2 | | Lease Agreement-3 | Lease Agreement-4 | RECEIPT OF LEASED ASSETS AGREEMENT NO[-------------] DATED [-------------] Description of the Assets: --------------------------------------------------- ------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------ The Assets described above are received complete in all respect and in perfect working order and condition....
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Essentials of Islamic Modes of Financing Murabaha Facility...

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