Musharakah Capital definition

Musharakah Capital means the sum of Client’s Investment, Modaraba’s Investment and the other PLS Funds, if any;
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Musharakah Capital means an amount equal to the actual proceeds received from the Sukukholders upon issuance of the Sukuk Musharakah. Top up Payment will be set off against the Exercise Price payable by the Obligor under the Sale Agreement following the exercise of the Purchase Undertaking. Kindly refer to the principal terms and conditions of the Sukuk Musharakah Programmes set out in Section 2 of this Information Memorandum for the terms that have not been defined above. 1.3 UTILISATION OF PROCEEDS The proceeds raised under the Sukuk Musharakah Programmes shall be utilised by Northport and/or any of its subsidiaries ("Group") for the following Shariah-compliant purposes: PurposeAmount Up To (RM 'mil)(i) For financing of capital expenditure(1)1,000(ii) Refinance existing financing(2)200(iii) General working capital(3)300TOTAL1,500 Notes:
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Musharakah Capital means an amount equal to the actual proceeds received from the Sukukholders upon issuance of the Sukuk Musharakah. Top up Payment will be set off against the Exercise Price payable by the Obligor under the Sale Agreement following the exercise of the Purchase Undertaking. A diagrammatical illustration of the transaction and the other terms and conditions are set out in Appendix 1.(d) Identified Assets : The identified assets for each issue of Sukuk Musharakah underthe Sukuk Musharakah Programmes will be Shariah-compliant Business provided by the Issuer. The Business shall be endorsed by the Shariah Adviser. (e) Purchase and selling price/rental (where applicable): Not applicable. (f) Issue/Programme SizeICP Programme Up to RM500 million nominal value. IMTN ProgrammeUp to RM1.5 billion nominal value. The joint outstanding nominal value of the Sukuk Musharakah issued under the Sukuk Musharakah Programmes shall not exceed RM1.5 billion at any point in time. The joint limit for the Sukuk Musharakah Programmes shall be reduced according to a reduction schedule ("Reduction Schedule") as set out below: (g) Tenure of Issue/Sukuk Programme: ICP Programme Seven (7) years from the date of the first issue under the ICP Programme provided the first issue of the ICP under the ICP Programme shall be made within two (2) years from the date of authorisation by the SC. ICPs Each ICP shall have a tenure of one (1), two (2), three (3), six (6), nine (9) or twelve (12) months, provided that the ICPs mature on or prior to the expiry of the ICP Programme. IMTN Programme Eighteen (18) years from the date of the first issue under the IMTN Programme provided the first issue of the IMTN under the IMTN Programme shall be made within two (2) years from the date of authorisation by the SC. IMTNs Each IMTN shall have a tenure of more than one (1) year and up to eighteen (18) years, provided that the IMTNs mature on or prior to the expiry of the IMTN Programme. The tenure of each ICP and IMTN to be issued under the ICP Programme and IMTN Programme will be determined prior to the issue date.(h)Availability period of Sukuk Programme(m) Details on utilisation of proceeds by Issuer: The proceeds raised under the Sukuk Musharakah Programmes shall be utilised by Northport and/or any of its subsidiaries ("Group") for the following Shariah-compliant purposes:- PurposeAmount Up To(RM 'mil)(i) For financing of capital expenditure(1)1,000(ii) Refinance existing financing(2)200(iii) General working ...
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Examples of Musharakah Capital in a sentence

  • In addition to the specific rating levels assigned to an issuer or its bonds, a complete summary of Moody’s credit opinion is publicly communicated through published commentary and, importantly, through Moody’s rating outlooks and public rating review process.

  • Exercise Price = Musharakah Capital plus Expected Return less One-Off Distribution made from the Distributions.

  • The Issuer shall issue Sukuk Cagamas to the Sukukholders, in consideration of their capital contribution (" Musharakah Capital").

  • PjH shall issue Sukuk Musharakah to the Sukukholders in consideration of their Musharakah Capital contribution.

  • Musharakah Capital All Shariah–compliant items of material value may be used as capital in a Musharakah.It may be in the form of cash or it may be in kind, for instance contributing assets to the business in which case it is necessary to ensure the assets are valued at the time of Musharakah execution.Partners’ capital investment ratio must be determined at Musharakah inception or before the business generates profit.

  • Exercise Price = Musharakah Capital plus Expected Return less aggregate Periodic Distributions made from the Distributions.

  • The Sukuk shall entitle the Sukukholders the rights to share any income generated from the relevant Musharakah Venture in proportion to each Sukukholders’ respective capital contribution of the Musharakah Capital payable either in periodic payments (“Periodic Payment”) or on a one-off basis (“One-Off Payment”).

  • Exercise Price The Exercise Price shall be calculated as follows: The Musharakah Capital plus Expected Return less total Periodic Distributions made and received from the Musharakah Venture.

  • The Sukukholders shall share any return from the Venture in proportion to their respective holdings of the Sukuk Musharakah while losses shall be borne in proportion to their respective capital contribution under the Musharakah Capital.

  • Although social media data were not as heavily generated as we expected in this experiment, the findings from the interviews and communication reports collected from the participants helped inform the rules and implementation for a second HatChase experiment.


More Definitions of Musharakah Capital

Musharakah Capital means such amount of capital contributed by the Sukukholders pursuant to their subscription of the Sukuk in the sum of the actual proceeds received by the Issuer, for the purpose of investment in the Musharakah Venture.
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Musharakah Capital means the sum of Client’s Investment and Institution’s Investment.
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