Commodity Murabaha Investment means, in relation to a Series, the sale of certain Commodities by the Trustee to APICORP (in its capacity as the Buyer (as defined in the Master Murabaha Agreement)), which Commodities were initially purchased by the Trustee using a proportion of the proceeds of the issue of the Certificates, pursuant to the Master Murabaha Agreement;
Commodity Murabaha Investment means, in relation to each Tranche of Certificates under a Series, the sale of certain Shari'a-compliant commodities (the "Commodities") by the Seller to the Buyer for a Deferred Sale Price (which shall include the cost price of the Commodities as well as a profit mark-up), initially purchased and received by the Seller for the relevant Commodity Purchase Price, pursuant to the Master Murabaha Agreement and having the terms set out in the relevant Murabaha Contract;
Commodity Murabaha Investment means the sale of certain Commodities by the Trustee to the Obligor (in its capacity as the Buyer (as defined in the Master Murabaha Agreement)), in connection with a Tranche, which Commodities were initially purchased by the Trustee using the Murabaha Investment Amount specified in the applicable Final Terms of that Tranche pursuant to the Master Murabaha Agreement and having the terms set out in the relevant Murabaha Contract;
Examples of Commodity Murabaha Investment in a sentence
Commodity Murabaha Investment On the Issue Date of each Tranche, pursuant to the terms of the Master Murabaha Agreement, the Trustee (in its capacity as "Seller") may apply the amount specified in the applicable Final Terms as the Commodity Purchase Price, being an amount that is (i) no more than 66 per cent.
The terms of the arrangement include payment to the Agent for the purchase of an Asset Portfolio, by the Issuer, and to purchase a Commodity Murabaha Investment for the deferred sale price.
The Asset Portfolio, the Commodity Murabaha Investment and all other rights arising under or with respect to such Asset Portfolio and the Commodity Murabaha Investment shall comprise the “Wakala Portfolio”.
More Definitions of Commodity Murabaha Investment
Commodity Murabaha Investment means, if applicable to a Series, the sale of Shari’a-compliant commodities by the Trustee to the Obligor, initially purchased by the Trustee using a proportion of the proceeds of the issue of the Sukuk, pursuant to the Master Murabaha Agreement;
Commodity Murabaha Investment means, in relation to a Series, the sale of certain Commodities by the Trustee to the Buyer, which Commodities were initially purchased by the Trustee in its capacity as seller using the relevant Murabaha Investment Amount, pursuant to the Master Murabaha Agreement and having the terms set out in the relevant Murabaha Contract;