29/08/2024
Sharia committee resolution No.(136/94)
For the Agreements of the S E Company Murabaha Financing Term SOFR
All praise is due to Allah, the Cherisher of the World, and Peace and Blessing be upon the Prophet of Allah, his Family and all his Companions.
The Sharia Committee reviewed “S E Company Murabaha Aagreements” with the Saudi Investment Bank, which are:
1. Common Terms Agreement
2. Islamic Facilities Amount Letter
3. Traditional Murabaha - Islamic Facilities Agreement
4. Traditional Murabaha - Islamic Facilities Agreement
After studying and reviewing the agreements and included terms and conditions, the committee Approved S E Company financing agreements through Murabaha according to the attached version.
Allah Knows best.
TYPE OF RESOLUTION: |
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Unanimously Approved |
PRODUCT RELATED: |
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Corporate Finance |