{"component": "definition", "props": {"groups": [{"snippet": "means a sale on mutually agreed profit. Technically it is a contract of sale in which the seller declares his cost and profit. 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on behalf of the Customer; Onshore Foreign Currency facility, Financing-i or OFCF-i Facility means the onshore foreign currency financing the principal terms of which are set out in Clause 2.15; COMBO MFA/All-Monies/June 2020 7 PFX-i Facility means the Promissory Foreign Exchange-i Facility the principal terms of which are set out in Clause 2.14;", "snippet_links": [{"key": "purchase-of-asset", "type": "clause", "offset": [17, 34]}, {"key": "acquisition-cost", "type": "definition", "offset": [45, 61]}, {"key": "the-mark", "type": "definition", "offset": [66, 74]}, {"key": "notice-of-extension", "type": "definition", "offset": [109, 128]}, {"key": "a-notice", "type": "clause", "offset": [129, 137]}, {"key": "extension-of", "type": "clause", "offset": [146, 158]}, {"key": "payment-for-the", "type": "clause", "offset": [163, 178]}, {"key": "facility-amount", "type": "definition", "offset": [186, 201]}, {"key": "set-out", "type": "definition", "offset": [226, 233]}, {"key": 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Technically it is a contract of sale in which the seller declares his cost and profit. As a financing technique, it involves a request by the client to the financier to purchase certain item for him, which is then sold to the client at a mutually agreed price.", "size": 51, "title": "Murabahah", "id": "murabahah", "examples": ["The Customer shall enter into purchase and sale transactions for Shariah compliant commodities (\u201cCommodity <strong>Murabahah</strong> Transactions\u201d) on the next Trading Day.", "The Customer consents to the Bank utilising any part of the deposit placed for investment purposes before the execution of Commodity <strong>Murabahah</strong> Transactions.", "Commodity <strong>Murabahah</strong> Transactions The Customer shall enter into purchase and sale transactions for Shariah compliant commodities (\u201cCommodity <strong>Murabahah</strong> Transactions\u201d) to place the deposit.", "The Customer agrees that: \u2022 profit shall be paid on maturity of the deposit; and \u2022 deposits may not be withdrawn before the maturity date and if exceptionally allowed, no profit is payable on the deposits and the Customer agrees that the Bank shall be entitled for a rebate equivalent to: \u2022 For deposits held 3 months and below: profit from the <strong>Murabahah</strong> Sale Price; or \u2022 For deposits held above 3 months: half of the profit for the completed months plus the profit for the uncompleted months.", "The Customer acknowledges that the Customer shall have the option not to appoint the Bank as an Agent where the Customer shall call at the Bank\u2019s office on the day of transaction and shall execute the <strong>Murabahah</strong> Sale Contract personally with the Bank.", "In view that the Customer opt to take physical possession of the Commodity, Clause 2(f) of the <strong>Murabahah</strong> Sale Contract are applies.", "In this <strong>Murabahah</strong> Sale Contract unless otherwise stated, all the terms and references shall bear the same meaning as designated to them in the Facility Agreement and the Letter of Offer.", "In accordance with <strong>Murabahah</strong> arrangement, the Customer shall request CGC to purchase the Commodity Asset from any Commodity Trader by issuing a Purchase Request at CGC\u2019s Purchase Price which shall be in the amount equivalent to the Financing Facility granted to the Customer.", "The Customer agrees that: \u2022 profit shall be paid on maturity of the deposit; and \u2022 deposits may not be withdrawn before the maturity date and if exceptionally allowed, no profit is payable on the deposits and the Customer agrees that the Bank shall be entitled for a rebate equivalent to: \uf0b7 For deposits held 3 months and below: profit from the <strong>Murabahah</strong> Sale Price; or \uf0b7 For deposits held above 3 months: half of the profit for the completed months plus the profit for the uncompleted months.", "Any terms defined or used in the Notification Letter, Terms and Conditions, <strong>Murabahah</strong> Sale Contract and Disbursement Request are applicable in this Wakalah Agreement."], "related": [["aashto", "AASHTO", "AASHTO"], ["headteacher", "Headteacher", "Headteacher"], ["lhsia", "LHSIA", "LHSIA"], ["loft", "Loft", "Loft"], ["bystander", "Bystander", "Bystander"]], "related_snippets": [], "updated": "2026-10-08T05:48:26+00:00"}, "json": true, "cursor": ""}}