Murabaha Agreement definition
Examples of Murabaha Agreement in a sentence
The parties acknowledge that this Letter of Understanding shall apply to transactions between the Seller and Purchaser in connection with the Murabaha Agreement.
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.
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.
For the avoidance of doubt, it shall not supersede any existing or future arrangements between the parties for transactions unconnected to the Murabaha Agreement.
Each Murabaha Contract is entered into in reliance on the fact that this Master Murabaha Agreement and the Schedules applied to each Murabaha Contract form a single agreement between the Parties (collectively referred to as this "Agreement"), and the Parties would not otherwise enter into any Murabaha Contract.