Commodity Murabahah Investment definition

Commodity Murabahah Investment means a commodity murabahah investment forming part of the Wakalah Venture and which will be in the form of a Commodity Murabahah Investment Agreement.
Commodity Murabahah Investment means a commodity murabahah investment forming part of the Wakalah Venture pursuant to the Commodity Murabahah Investment Agreement.
Commodity Murabahah Investment means a commodity murabahah investment forming part of the Wakalah Venture and which will be in the form of the Commodity Murabahah Investment Agreement. Any loss incurred under the Wakalah Venture shall be borne by the Trust Certificates Holders in proportion to the Nominal Value of the Trust Certificates held by each Trust Certificates Holder. Shariah-compliant Shares The Wakalah Agreement requires that on the Closing Date anamount equal to at least 51 per cent. of the Proceeds shall beapplied to acquire certain Shariah-compliant Shares, by way of transfer of beneficial ownership, to be held as part of the Wakalah Venture.

Examples of Commodity Murabahah Investment in a sentence

  • Unless the certificates are exchanged, redeemed, or purchased and cancelled, the Certificates will be redeemed at 100 per cent of their Nominal Value on 23 September 2021 and this dissolution or redemption amount will be funded by the Purchase Price payable by the Obligor pursuant to the terms of the Purchase Undertaking plus the Aggregate Deferred Sale Price payable by the Obligor (acting as Buyer) under the Commodity Murabahah Investment Agreement.

  • Agreement 9 Final Incentive Fee (if any) 5 & 6Defferred Sale PriceThe Bank of NewYork Mellon,London Branch (as Trustee for the Certificateholders) Commodity Murabahah Investment WakalahVenture Khazanah Nasional Berhad (as Wakeel)5 Commodity MurabahahInvestment Agreement5 & 6Deferred Sale Price Khazanah Nasional Berhad(as Buyer) STRUCTURE DIAGRAM SUKUK STRUCTUREThe Khazanah exchangeable Sukuk will be managed on the basis of the Islamic structure of Wakalah.

  • In respect of the Commodity Murabahah Investment, the Wakeel shall utilise the remaining balance of the Sukuk Wakalah Proceeds to invest in Commodity Murabahah Investment.

  • The Issuer shall sell the commodities so purchased on its behalf by the Facility Agent to the Buyer on the settlement date specified in the purchase order in consideration for the Aggregate Deferred Sale Price payable in accordance with the terms of the Commodity Murabahah Investment Agreement.

  • Envelopes or e-mails containing requests should be clearly marked as a Request for Clarification or Change and include the ITB Number and Title.

  • Deferred Sale Price In relation to the Commodity Murabahah Investment, the Deferred Sale Price shall be determined prior to each issuance of the Sukuk Wakalah and shall comprise the Commodity Purchase Price plus the profit and shall be payable on a deferred payment basis.

  • In respect of the Commodity Murabahah Investment, the Commodity Purchase Price and the Deferred Sale Price shall be determined prior to each issuance of the Sukuk Wakalah.

  • For the avoidance of doubt, Ibra’ will be applicable to the Commodity Murabahah Investment portion of the Wakalah Investments i.e. only the Deferred Sale Price.

  • In respect of the Commodity Murabahah Investment, the Wakeel shall utilise the remaining balance of the AT1 Sukuk Wakalah Proceeds to invest in Commodity Murabahah Investment.

  • Wakalah Bi Al-IstithmarA Shariah-compliant Wakalah portfolio of assets comprising the Tangible Assets and Commodities for the Commodity Murabahah Investment subject to the Tangible Assets Requirement.


More Definitions of Commodity Murabahah Investment

Commodity Murabahah Investment means the investment by the Wakeel of the Balance Sukuk Proceeds received from the Sukukholders into the relevant investment portfolio which comprise of the purchase and sale of the Commodities under the Shariah principle of Murabahah;
Commodity Murabahah Investment means a commodity murabahah investment forming part of each Series Wakalah Venture and which will be in the form of the Commodity Murabahah Investment Agreement. Any loss incurred under each Series Wakalah Venture shall be borne by the Trust Certificates Holders of the relevant Series in proportion to the Nominal Value of the Trust Certificates held by each Trust Certificates Holder.Shariah-compliant Shares The Wakalah Agreement of each Series requires that on the ClosingDate an amount equal to at least 51% of the Series Proceeds for such Series shall be applied to acquire certain Shariah-compliant Shares, by way of transfer of beneficial ownership, to be held as part of the Series Wakalah Venture.

Related to Commodity Murabahah Investment

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

  • 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.

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

  • Commodity Agreements means, in respect of any Person, any forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement in respect of Hydrocarbons used, produced, processed or sold by such Person that are customary in the Oil and Gas Business and designed to protect such Person against fluctuation in Hydrocarbon prices.

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

  • Commodities Accounts (i) shall mean all “commodity accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Commodities Accounts” (as such schedule may be amended or supplemented from time to time).

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

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

  • Commodity Price Protection Agreement means, in respect of a Person, any forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement designed to protect such Person against fluctuations in commodity prices.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

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

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

  • Commodity intermediary means a person that:

  • Controlled Securities Account means each securities account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement.

  • Credit Risk Management Fee The amount payable to the Credit Risk Manager on each Distribution Date as compensation for all services rendered by it in the exercise and performance of any and all powers and duties of the Credit Risk Manager under the Credit Risk Management Agreements, which amount shall equal one twelfth of the product of (i) the Credit Risk Management Fee Rate multiplied by (ii) the Stated Principal Balance of the Mortgage Loans and any related REO Properties as of the first day of the related Due Period.

  • Commodity Account Control Agreement means a control agreement in a form that is reasonably satisfactory to the Collateral Agent establishing the Collateral Agent’s Control with respect to any Commodity Account.

  • Credit Risk Management Agreement The respective agreements between the Credit Risk Manager and the Servicer and/or Master Servicer regarding the loss mitigation and advisory services to be provided by the Credit Risk Manager.

  • Commodity Hedging Agreements means, in respect of a Person, any commodity purchase contract, commodity futures or forward contract, commodities option contract or other similar contract (including commodities derivative agreements or arrangements), to which such Person is a party or a beneficiary.

  • Credit Risk Manager Fee The fee payable to the Credit Risk Manager on each Distribution Date for its services as Credit Risk Manager, in an amount equal to one-twelfth of the Credit Risk Manager Fee Rate multiplied by the Stated Principal Balance of the Mortgage Loans immediately prior to such Distribution Date. Credit Risk Manager Fee Rate: 0.0165% per annum.

  • Commodity Hedging Agreement means any agreement with respect to a commodity swap or other agreement regarding the hedging of commodity purchase and sale exposure executed in connection with hedging the commodity purchase and sale exposure of the Borrower and its Subsidiaries, and any confirming letter executed pursuant to such commodity hedging agreement, all as amended, restated or otherwise modified.

  • Securities Entitlement means the rights and property interest of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of Article 8 of the Uniform Commercial Code of the State of New York, as the same may be amended from time to time.

  • 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,

  • Commodity Exchange Act means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute.