Ijara definition

Ijara means the Ijara lease created pursuant to the Ijara Agreement;
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Examples of Ijara in a sentence

  • The Customer wishes to lease the Property from the Bank and the Bank wishes to lease the Property to the Customer on and subject to the terms and conditions of this Contract, and the Ijara Terms.

  • Terms defined, and the construction given to them, in the Ijara Contract shall have the same meaning when used herein.

  • Upon the occurrence of an Event of Default, and Illegality Event and a Total Loss Incident, the Ijara shall be terminated in accordance with the Musharaka Agreement and the terms in relation thereto in the Musharaka Agreement shall apply.

  • The Declaration of Trust, the Agency Agreement, the Guarantee, the Service Agency Agreement, the Murabaha Agreement, each Purchase Undertaking and each Ijara Service Agency Agreement and any non- contractual obligations arising out of or in connection with each of them will be governed by English law.

  • In this Agreement, unless specifically defined, capitalised terms shall have the same meanings given to them in the Musharaka Agreement and the Ijara Agreement.

  • The amount of Major Maintenance and Structural Repair incurred shall be adjusted by the Lessor against the Ijara Rental Payments under the Ijara Agreement.

  • The Service Agent will effect such liquidation by: (i) exercising (in the name and on behalf of the Trustee) the rights under each Sukuk Contract (including the rights under each Purchase Undertaking); and (ii) crediting (or procuring the crediting of) all Sukuk Liquidation Proceeds received in connection with the Murabaha Agreement, the Ijara Agreements, the Ijara Service Agency Agreements and the Purchase Undertakings to the Principal Collection Account.

  • The obligations and rights of the Parties in respect of the lease shall be governed by the Ijara Agreement.

  • The Sukuk Liquidation Proceeds will consist of amounts representing: (i) the cost price (principal) from the Murabaha Agreement; (ii) relevant insurance or insurance shortfall indemnity proceeds (if any) generated from the Ijara Agreements; (iii) relevant proceeds (if any) from the exercise of Purchase Undertakings; and (iv) any accrued but unpaid rental amounts (representing profit) in respect of the Ijara Agreements and accrued but unpaid profit amount in respect of the Murabaha Agreement.

  • Each Sale and Purchase Agreement and Ijara Agreement will be governed by the laws of the Emirate of Dubai and, to the extent applicable in Dubai, the federal laws of the UAE, and will be subject to the non-exclusive jurisdiction of the Dubai courts.