Akad definition

Akad means the offer (ijab) and acceptance (qabul) from both parties regarding the sale transaction of the Commodity at the agreed price and terms; “Bank” means Bank Simpanan Nasional, a corporate body with its address at Wisma BSN, No 117 Jalan Ampang, 50450 Kuala Lumpur; "Business Day" means the days on which BSN or financial institutions conduct transactions as required in these Terms and Conditions; "Commodity" means goods traded, whether crude palm oil, plastic resin, titanium, or any goods approved by Shariah from time to time; "Facility Notice" means the written notice issued by the Bank to the Applicant after the net amount of the Financing Facility has been paid to the Applicant, stating the detailed terms and conditionsof the Financing as well as any additional conditions; "Indebtedness" means the Sale Price and includes other amounts payable by the Applicant to the Bank (including, but not limited to, ta’widh, any fees, any expenses, any costs including legal costs on a full indemnity basis, etc.) under the terms of these Terms and Conditions; "Legal Process" means all types of proceedings, interlocutory applications for any reason, affidavits, orders, and any documents other than those mentioned above that must be submitted under or in accordance with the Court Rules 2012, and correspondence between both parties and the Bankruptcy Act 1967 and relevant and applicable acts and regulations for any term in these Terms and Conditions; “Month” means the calendar month; "Notice" means any written notice or notice displayed through mediums deemed appropriate by the Bank from time to time, including any notice of amendments or corrections under theseTerms and Conditions; "Payment Period" means the period for payment of the Sale Price as will be stated in the SMS sent by BSN to the Applicant and detailed in the Facility Notice or notice of changes sent in accordance with these Terms and Conditions; "Purchase Price" means the price equivalent to the approved financing amount by the Bank which shall be stated in the SMS sent by the Bank to the Applicant and detailed in the Facility Notice; "Ringgit Malaysia" and the symbol "RM" refer to the currency of Malaysia; "Sale Price" means the sale price of the Commodity by the Bank to the Applicant which shall be stated in the Short Message Service (SMS) sent by the Bank to the Applicant and detailed in the BSN MyRinggit-i Financing Facility Notice ("Facility Notice"). The calculation of the Sale Price is based on the...
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Akad or 'al-aqdu in Arabic means bond, or a covenant and an agreement.
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Examples of Akad in a sentence

  • Polak, Aanspraak en aansprakelijkheid uit onrechtmatige daad, Akad.

  • The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or 153 perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder.

  • Akad berbilang (muta’addidah) adalah akad yang berbilang dari sisi syarat, akad, pelaku, harga, objek, ▇▇▇ ▇▇▇▇ sebagainya.

  • Sale and lease back adalah jual beli suatu aset yang kemudian pembeli menyewakan aset tersebut kepada penjual (DSN ▇▇▇ BI, 2006 :195) Akad yang digunakan dalam produk tersebut jual beli ▇▇▇ sewa.

  • Destri ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, “Analisis Yuridis Multi Akad dalam Pembiayaan Pengalihan Hutang pada PT Bank BRI Syariah”, Mimbar Hukum, Vol.

  • Akad berganda (mujtami’ah, sebagian ahli fikih menyebutnya dengan akad murakkabah) adalah berhimpunnya beberapa akad dalam satu transaksi dengan cara dihimpun atau bertukar yang mana seluruh ▇▇▇ ▇▇▇ kewajiban dari akad tersebut dianggap sebagai akibat hukum satu transaksi.

  • Akad sejenis (al-’uqud al-mutajanisah) Al-’uqud al-murakkabah al-mutajanisah adalah akad-akad yang mungkin dihimpun dalam satu akad, dengan tidak memengaruhi di dalam hukum ▇▇▇ akibat hukumnya.

  • Transaksi seperti 1 ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, “Konstruksi Akad dalam Pengembangan Produk Perbankan Syariah di Indonesia”, Al-‘Adalah, Vol.

  • Akad tersebut meliputi wadî’ah, mudhârabah, murâbahah, salam, istishnâ’, musyârakah, ijârah, wakâlah, kafâlah, hawâlah, qardh, hibah, rahn, sharf, ju’âlah, ▇▇▇ bay’.

  • Akad Terkumpul (al-’uqud al-mujtami’ah) Al-’uqud al-mujtami’ah adalah hybrid contract yang terhimpun dalam satu akad.