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
MUSHARAKA INVESTMENT AGREEMENT
(For Incorporated Companies)
Annexure-2

PARAMETERS AGREED

I) Ratio of sharing of Profit (Ratios indicative only)

Institution 18%
Client 70%
Other PLS Funds 12%

II) Other Conditions, if any

(For example, relating to valuation of inventories, depreciation policies, agreed level or quantum of admissible costs etc.)

 
 

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