Press Release

April 15, 2005 

 

State Bank’s Shariah Board Approves
Essentials and Model Agreements for
Islamic Modes of Financing

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Essentials of Islamic Modes of Financing
Murabaha Facility Agreement
Musawamah Facility Agreement
Lease Agreement
Salam Agreement
Musharaka Investment Agreement
Istisna Agreement
Agreement for Interest free Loan
Mudaraba Financing Agreement
Syndication Mudaraba Agreement
In the Name of Allah, the Merciful, the Compassionate
MODEL LEASE AGREEMENT
Lease Document # 1

WRITTEN REQUEST

[Date]__________________

To: ___________________________
[Insert name and address of the Lessor]
_______________________________
_______________________________

Dear Sirs,

WRITTEN REQUEST FOR PURCHASE OF ASSETS

(1) We request you to kindly procure the Assets described below to be leased to us under a separate Agreement:

Sr. No.
Specification of Assets
Amount
     

(2) We further request you to deliver the Assets as follows:-

(a) Assets:
(b) Terms of delivery:
(c) Place of delivery:

(3) We hereby certify that the Lease of the Assets by you to us shall not result in a breach of our organizational documents, any provision of any document to which we are a party or by which we are bound, or any applicable law, rule or regulation, whether directly or indirectly.

Yours faithfully,


For and on behalf of [Insert name of the Lessee]
_______________________

 
 
 


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