Murabaha Contract definition

Murabaha Contract means the Murabaha contract for sale of the Assets by the Bank to the Customer concluded upon execution of the Offer and Acceptance Notice by the Bank and countersignature by the Customer, and shall incoporate these Terms and Conditions and the relevant Application Form;

Murabaha Contract means the individual contract for the sale of Commodities at a deferred purchase price and made pursuant to the provisions of the Murabaha Agreement bythe delivery of an Offer Notice by the Commodity Seller to the Commodity Purchaser and the subsequent countersignature of such Offer Notice by the Commodity Purchaser in accordance with the terms of the Murabaha Agreement;

Murabaha Contract means an individual contract for the sale of Commodities at a deferred payment price and made pursuant to the Master Murabaha Agreement by the delivery of both an offer notice by the Trustee to the Buyer and the subsequent countersignature of such offer notice by the Buyer in accordance with the terms of the Master Murabaha Agreement;

Examples of Murabaha Contract in a sentence

• Pursuant to the Murabaha Contract, the Bank has authorized the use of the Security Amount by the Principal Cardholder to settle the Transactions.

• Murabaha Contract means the contract between the Bank and Principal Cardholder under which the Bank sells on Murabaha basis to the Principal Cardholder, for the Selling Price, identified commodities or a common share of commonly held identified commodities.

• Selling Price means the deferred sale price (including a specific profit amount) of the commodities or a common share in commodities under the Murabaha Contract.

• Pursuant to the Card Application and Murabaha Contract (if any):1.

• The Bank and the Principal Cardholder have entered into the Murabaha Contract and the Principal Cardholder has deposited the Security Amount in the Card Account as security for payment of the Selling Price.

More Definitions of Murabaha Contract

Murabaha Contract means a contract created between the Seller and the Purchaser pursuant to clause 4(e) (Murabaha Contract) of the Master Murabaha Agreement by the exchange of a Notice of Offer to Purchase and a Notice of Acceptance of Offer between the Seller and the Purchaser;

Murabaha Contract means a contract relating to the sale of commodities or goods on a cost plus basis;

Murabaha Contract means an individual contract made pursuant to Clause 2 (Murabaha Contract) by the exchange of an Offer Notice and a corresponding Acceptance Notice between Party A and Party B.

Murabaha Contract has the meaning given in the Master Murabaha Agreement; "Put Notice" means a notice in the form set out in Schedule 4;

Murabaha Contract means the murabaha contract dated on or before the date these Terms and Conditions entered into between the Bank and the Customer in respect of the provision of the Murabaha Facility.

Murabaha Contract means a Murabaha contract be- tween the Cardholder Agent, as agent for the Cardholder, and the Bank pursuant to which the Cardholder Agent shall purchase from the Bank a specified quantity of com- modities in accordance with the Terms and the Murabaha Terms.

Murabaha Contract has the meaning given to it in the Master Murabaha Agreement;