is entered into this ___________ day of ___________
of Institution] a company duly organised under
the laws of Pakistan having its registered office
at [address] (hereinafter referred to as the Mudarib).
of the investing person/company/body], _____________________________________,
having its place of business at / resident of
_______________________________ (hereinafter referred
to as Rab Al-Maal).
the Mudarib is a financing institution offering
financial services, including but not limited
to the investment of funds in short and medium-term
transactions in accordance with the Islamic Shariah;
Mudarib is currently entering into a Murabaha
Financing Agreement with [name
and address of Client] (hereinafter referred to
as the Client) to finance the acquisition of materials
(hereinafter referred to as the Goods)
Rab Al-Maal desires to invest, among other investors,
an amount of [currency and amount] for the financing
of the said Goods in accordance with the terms
and conditions of the Murabaha Financing Agreement
dated ________________ between Mudarib and Client.
the parties hereto agreed upon the following:
The Rab Al-Maal hereby agrees to entrust to the
Mudarib an amount of (currency and amount) to
be invested together with the other investors’
funds for the purpose of acquisition of the Goods
specified in the Murabaha Financing Agreement.
Such amount shall be remitted to the Mudarib upon
written request sent by the Mudarib to the Rab-al-Maal.
The said remittance shall be made at least four
(4) working days before the effective date of
The Mudarib undertakes to invest the amount entrusted
to it by the Rab Al-Mall together with the funds
of the other investors in the acquisition of the
Goods in accordance with the terms and conditions
of the Murabaha Financing Agreement. All the Murabaha
Financing documents will be made out in the name
of the Mudarib, and will be held by him on behalf
of the Rab Al-Mall and the other investors.
The Rab Al- Maal has independently studied and
is satisfied with the Murabaha financing. The
liability of the Rab Al-Mall is, however, limited
to the funds entrusted to the Mudarib in accordance
with this Agreement.
The Mudarib undertakes to maintain the funds entrusted
to it separate from its own assets and away from
the claims of its creditors.
The profit generated from Murabaha Financing Agreement
shall be distributed on a pro-rata basis to the
investors including the Rab Al-Maal as follows:
% of the profit on a pro-rata basis to the Rab
% of the profit to the Mudarib.
profit distribution formula given above may be
amended by the mutual written agreement of both
The Mudarib shall pay to the Rab Al-Maal its part
in the profit received with respect to the investments
made in accordance with the Murabaha Financing
Agreement not later than the following business
day as of the date of any payment received whether
on principal, profit or any other account whatsoever.
7. The Mudarib’s obligations
to make payments to the Rab Al-Maal under this
Agreement in respect of the Rab Al-Maal’s
investment is conditional upon the Mudarib receiving
the corresponding payments from the Client in
accordance with the Murabaha Financing Agreement
It is understood and acknowledged by
the Mudarib that any collateral or security held
in the Mudarib’s name is for the benefit
of the Mudarib, the Rab Al-Maal and the other
investors on a pro-rata basis.
9. As provided by the Islamic
Sharia, the Mudarib is liable for any loss of
the capital invested under this Agreement only
if it is proven that the Mudarib has breached
the conditions of this Agreement or proven to
be negligent in keeping or managing the said capital.
In case of default of the client, the Mudarib
shall inform the Rab Al –Maal and the other
investors and take necessary action on their behalf
as it deems fit to protect their interest.
11. This Agreement shall be governed
by the law of Islamic Republic of Pakistan. Any
court of competent jurisdiction located at 
shall have the jurisdiction to adjudicate upon
all disputes and differences in connection with
This Agreement shall become effective on 
and shall continue to be valid up to .
FLOW AND REVENUE PROJECTION FOR PROJECT