Commodity Murabaha Investment definition

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;
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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;
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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;
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Examples of Commodity Murabaha Investment in a sentence

  • The Portfolio Assets comprised in the relevant Asset Portfolio, each Commodity Murabaha Investment (if applicable) and all other rights arising under or with respect to such Asset Portfolio and each Commodity Murabaha Investment (including the right to receive payment of each Deferred Sale Price and any other amounts or distributions due in connection with the Portfolio Assets) shall comprise a "Wakala Portfolio" in respect of the relevant Series.

  • 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”.

  • 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.

  • Also refer note 25.3.1. In 2015, the size of the Sukuk Trust Certificate Issuance Program was increased to USD 1.5 billion and the structure of the Program was amended to incorporate a Commodity Murabaha Investment option within the “Wakala” structure.

  • The terms of the arrangement include payment to MAFP Group for the purchase of an Asset Portfolio by MAF Sukuk Ltd, the Issuer, and the purchase of a Commodity Murabaha Investment for a deferred sale price.

  • In 2015, the size of the Sukuk Trust Certificate Issuance Program was increased to USD 1.5 billion and the structure of the Program was amended to incorporate a Commodity Murabaha Investment option within the “Wakala” structure.In November 2015, the Company issued ten year Sukuk certificates under its Sukuk Program dated 8 October 2015, raising USD 500 million.

  • 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”.

  • 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.

  • Available at: https://buff.ly/38zRUsWS T A T E O F T H E M A R K E T R E P O R T | 2 0 2 0 Regulatory Sandboxes A regulatory sandbox is a framework established by financial authorities that allows innovators control-test their inno- vations under the regulator’s supervision.

  • These Sukuks bear a fixed profit rate of 3.15% per annum on a semi-annual basis to be serviced from returns generated from the Wakala Portfolio.The terms of these arrangements 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.


More Definitions of Commodity Murabaha Investment

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;
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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;
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Related to Commodity Murabaha Investment

  • Commodity Account is any “commodity account” as defined in the Code with such additions to such term as may hereafter be made.

  • Commodity contract means a commodity futures contract, an option on a commodity futures contract, a commodity option, or another contract if the contract or option is:

  • Commodity Interests means commodity futures contracts, options on commodity futures contracts, and options on physical commodities traded on or subject to the rules of:

  • Nonpurpose Investment means any investment property, as defined in section 148(b) of the Code, in which Gross Proceeds of the Bonds are invested and which is not acquired to carry out the governmental purposes of the Bonds.

  • Commodities means positions in Commodity Contracts, forward contracts, foreign exchange positions and traded physical commodities, as well as cash commodities resulting from any of the foregoing positions.

  • Commodity means any material, article, supply, goods, or equipment.

  • Commodity Futures Trading Commission means the independent regulatory agency established by congress to administer the Commodity Exchange Act.

  • Investment Vehicles means any investment company or pooled investment fund, including, but not limited to, mutual fund families, exchange-traded funds, fund of funds and hedge funds, in which a Defendant has or may have a direct or indirect interest, or as to which its affiliates may act as an investment advisor, but of which a Defendant or its respective affiliates is not a majority owner or does not hold a majority beneficial interest.

  • Commodity option means an account, agreement, or contract giving a party to the account, agreement, or contract the right but not the obligation to purchase or sell one or more commodities or one or more commodity contracts, whether characterized as an option, privilege, indemnity, bid, offer, put, call, advance guaranty, decline guaranty or otherwise, but shall not include an option traded on a national securities exchange registered with the United States securities and exchange commission.

  • Financial Futures Contract means the firm commitment to buy or sell fixed income securities including, without limitation, U.S. Treasury Bills, U.S. Treasury Notes, U.S. Treasury Bonds, domestic bank certificates of deposit, and Eurodollar certificates of deposit, during a specified month at an agreed upon price.

  • Foreign market vehicle means any motor vehicle originally manufactured outside the United States,

  • Investment Vehicle means a corporation, partnership, limited partnership, limited liability company, association, or other entity, either domestic or foreign, managed by an external manager in which a board is the majority investor and that is organized in order to invest with, or retain the investment management services of, other external managers.

  • Investment Securities means any of the following: