Common Contracts
2 similar Tawarruq Transactions Agent Nomination Agreement contracts
TAWARRUQ TRANSACTIONS AGENT NOMINATION AGREEMENTTawarruq Transactions Agent Nomination Agreement • January 23rd, 2020
WHEREAS, the Cardmember seeks to finance the Cardmember’s purchases by using a Card issued by American Express Saudi Arabia through a series of Tawarruq transactions in which American Express Saudi Arabia will purchase commodities in a Shari’a compliant manner and sell the commodities to the Cardmember at a pre-agreed profit margin; and
TAWARRUQ TRANSACTIONS AGENT NOMINATION AGREEMENTTawarruq Transactions Agent Nomination Agreement • January 15th, 2020
WHEREAS, the Cardmember seeks to finance the Cardmember’s purchases by using a Card issued by American Express Saudi Arabia through a series of Tawarruq transactions in which American Express Saudi Arabia will purchase commodities in a Shari’a compliant manner and sell the commodities to the Cardmember at a pre-agreed profit margin; and
