NAME OF CUSTOMER]Musharakah Mutanaqisah Agreement • July 31st, 2019
ARTICLE I………………………………………………………………………………………. 3 DEFINITIONS AND INTERPRETATION……………………………………………………. 3 ARTICLE II……………………………………………………………………………………… 7 SECURITY……………………………………………………………………………………… 7 ARTICLE III……………………………………………………………………………………... 8 COVENANTS…………………………………………………………………………………… 8 ARTICLE IV……………………………………………………………………………………... 10 REMEDIES OF THE CHARGEE……………………………………………………………... 10 ARTICLE V……………………………………………………………………………………… 13 TAKAFUL/INSURANCE……………………………………………………………………….. 13 ARTICLE VI……………………………………………………………………………………... 16 GOVERNMENT ACQUISITION………………………………………………………………. 16 ARTICLE VII…………………………………………………………………………………….. 16 DISCHARGE……………………………………………………………………………………. 16 ARTICLE VIII……………………………………………………………………………………. 17 LAW AND LEGAL PROCESS………………………………………………………………… 17 ARTICLE IX……………………………………………………………………………………... 18 MISCELLANEOUS……………………………………………………………………………... 18
