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:

  • 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.

  • Commodity Agreement means any commodity futures contract, commodity swap, commodity option or other similar agreement or arrangement designed to protect against fluctuations in the price of commodities or to otherwise manage commodity prices or the risk of fluctuations in commodity prices.

  • Commodities means the Commodities , raw materials, machines, equipments and/or other materials that should be provided by the Supplier to the Buyer under the Contract.

  • Commodity customer means a person for which a commodity intermediary carries a commodity contract on its books.

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

  • commodity derivatives means commodity derivatives as defined in Article 2(1)(30) of Regulation (EU) No 600/2014;

  • Approved Investment means any type of security, instrument, participation or interest in property, as set forth on Schedule I hereto (which may be amended from time to time by execution of a revised Schedule I, I-A or I-B) in which Cash Collateral may be invested or reinvested by Bank in accordance with Paragraph 2 of Article IV hereof.

  • Commodity intermediary means a person that:

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

  • 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.

  • Alternative Investment Vehicle means an entity created in accordance with the Operative Documents of a Borrower to make investments and that has the right to call on Capital Commitments directly from Investors.

  • Book Equity means the aggregate of the amounts paid-up or credited as paid-up on the Charter Guarantor's issued share capital and the amount of the consolidated capital and revenue reserves of the Group (including any share premium account, capital redemption reserve fund and any credit balance on the consolidated profit and loss account of the Group) all as shown by the latest audited consolidated balance sheet and profit and loss account of the Group delivered under this Deed but after:

  • PIPE Investment has the meaning specified in the Recitals hereto.

  • 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: