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
ContractTawarruq Transactions Agent Nomination Agreement • December 22nd, 2015
Fatwa Reference No. for Charge Cards on Tawarruq Model: AMX-1617-18-05-06-20 Fatwa Reference No. for SAIB on Tawarruq Model: Shari’a Certificate Ref#: AMX-1617-18-05-06-20-05
ContractTawarruq Transactions Agent Nomination Agreement • June 30th, 2020
The Fatwa reference Number for Charge Cards: AMX-1617-18-05-06-20 The Fatwa reference Number for The American Express Corporate Card: AMX-1617-18-05-06-20-01
TAWARRUQ TRANSACTIONS AGENT NOMINATION AGREEMENTTawarruq Transactions Agent Nomination Agreement • December 22nd, 2015
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
ContractTawarruq Transactions Agent Nomination Agreement • August 16th, 2022
Fatwa Reference No. for Credit Cards on Tawarruq Model:AMX-902-08-04-06-18 Fatwa Reference No. for Marriott Bonvoy Credit Card on Tawarruq Model: Shari’a Certificate Reference No.: AMX -902- 08- 04- 06- 18- 05
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
