Common Contracts
1 similar Tawarruq Transactions Agent Nomination Agreement contracts
TAWARRUQ TRANSACTIONS AGENT NOMINATION AGREEMENTTawarruq Transactions Agent Nomination Agreement • August 9th, 2020
WHEREAS, the Participant seeks to finance the Cardmember’s purchases by using a Business Credit Card issued by American Express Saudi Arabia through a series of Tawarruq transactions in which American Express Saudi Arabia will purchase commodities in a Sharia’ compliant manner and sell the commodities to the Participant at a pre-agreed profit margin; and
