For the (client A) Cogeneration Financing

18/03/2024
Sharia committee resolution No. (133/72)

For the (client A) Cogeneration Financing

All praise is due to Allah, and Peace and Blessing be upon the Prophet of Allah, his Family and all his Companions.

The Sharia Committee reviewed the below listed Istisna’a and Ijarah transaction documents related to (client A)

1.    Common Terms Agreement

2.    Forward Lease Agreement

3.    Investment Agency Agreement

4.    Procurement Agreement

5.    Purchase undertaking

6.    Sale Undertaking

7.    Service Agency Agreement

After reviewing and studying, the committee found no Sharia objection and approved the documentation.


Allah Knows best.

 

TYPE OF RESOLUTION:
The Committee's decision released unanimously
PRODUCT RELATED:
Projects Finance