Murabaha Facility definition

Murabaha Facility means the murabaha facility made available by the Bank to the Customer to fund the Card Limit Funds.
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Murabaha Facility means the Murabaha B1 Long Facility, the Murabaha B1 Short Facility, Murabaha B2 Long Facility or the Murabaha B2 Short Facility.
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Murabaha Facility means the murabaha facility made available by Aseel to the Customer to fund the Credit Limit Funds in the Wakala Account. Murabaha Facility Agreement means the agreement dated on or around the date of these Terms and Conditions entered into between Aseel and the Customer in respect of the provision of the Murabaha Facility. Murabaha Monthly Payment means each fixed equal monthly instalment payments of the Murabaha Profit.
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Examples of Murabaha Facility in a sentence

  • In 2020, the Group entered into a Murabaha Facility Agreement on 9 July 2020 for a period of 5.5 years, with a consortium of local commercial banks amounting to SR 1.5 billion, bearing a commission rate of SIBOR plus a specified margin.

  • Refinancing Arrangements On 31 July 2013 the Company has signed an amended and restated “Murhabaha financing Agreement” which also includes some of the Existing Murabaha Facility Investors.

  • In 2019, the Group entered into a Murabaha Facility Agreement on 20 October 2019 for a period of 5 years, with a local commercial bank amounting to SR 250 million, bearing a commission rate of SIBOR plus a specified margin.

  • This facility is secured by a guarantee provided by Mobile Telecommunications CompanyK.S.C. This facility attracts financing charges as specified in the agreement and is subordinated to the existing Murabaha Facility.

  • The advances from shareholders as at 31 December 2014 and the related accrued financial charges are currently not scheduled for repayment until the settlement of the Syndicated Murabaha Facility.

  • Pursuant to the Debt Restructuring Exercise, amendments had to be made to key terms of the Master Murabaha Facility Agreement dated 13 February 2014 (the “2014 Master Murabaha Facility Agreement”) entered into between the Company as purchaser and The Islamic Bank of Asia Limited (the “Bank”) as the bank and the commodity agent (in such capacity, the “Commodity Agent”) for the provision of a Singapore dollar murabaha facility of up to S$15,000,000.

  • This Murabaha Facility consists of a SAR portion totaling SAR 7.09 billion and a USD portion totaling USD 710 million (equivalent to SAR 2.66 billion).

  • Syndicated Murabaha Facility of approximately SR 9.75 billion was arranged by Banque Saudi Fransi in July 2009.

  • Blasting Terminology The following terms are commonly used in blasting and should be understood by anyone involved in the subject.

  • In relation to each Master Murabaha Facility Agreement, the number of Conversion Shares issuable upon conversion of the Conversion Amount shall be determined by dividing the Conversion Amount by the Conversion Price in effect on the Conversion Date.


More Definitions of Murabaha Facility

Murabaha Facility means the total Murabaha finance facility for the Murabaha Transaction.
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Murabaha Facility means the total facility amount of Rs_ (Rupees Only) to be made available to the Customer by the Bank which may be paid to the supplier of the Asset directly as Cost Price or drawn down by the Agent pursuant to a series of Murabaha Transactions to be entered into from time to time.
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Related to Murabaha Facility

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Borrower or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Health facility means the medical college and hospital or the teaching hospital or the district/ sub-division etc. hospital to which the goods and/ or services under the contract shall be supplied.

  • Designated facility means (a hazardous waste treatment, storage, or disposal facility which :

  • Facility Site means the site described in Schedule B. “FERC” means the Federal Energy Regulatory Commission.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Clean coal facility means an electric generating

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Transit-oriented facility means a facility that houses a transit station in a manner that promotes transit ridership or passenger rail use.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Triage facility means a short-term facility or a portion

  • Wastewater Facilities means the structures, equipment, and processes required to collect, carry away, and treat domestic and industrial wastes and dispose of the effluent.

  • Marijuana cultivation facility means an entity licensed to cultivate, prepare, and package marijuana and sell marijuana to retail marijuana stores, to marijuana product manufacturing facilities, and to other marijuana cultivation facilities, but not to consumers.

  • New Facility means a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization.

  • Nursing facility means an institution as defined in Iowa Code chapter 135C. This definition does not include acute care settings.

  • Cannabis cultivation facility means a person that:

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • Related facilities means any manager's units and any and all common area spaces that are included within the physical boundaries of the housing development, including, but not limited to, common area space, walkways, balconies, patios, clubhouse space, meeting rooms, laundry facilities, and parking areas that are exclusively available to residential users, except any portions of the overall development that are specifically commercial space.

  • Disposal facility means a facility or part of a facility at which hazardous waste is intentionally placed into or on any land or water, and at which waste will remain after closure. The term disposal facility does not include a corrective action management unit into which remediation wastes are placed.

  • School facility means and includes any structure, building or

  • Existing Facility Agreement has the meaning specified therefor in the recitals hereto.

  • Facility Agreements means the agreements of that name between the Issuer and different

  • Infrastructure facility means a building; structure; or networks of buildings, structures, pipes, controls, and equipment, or portion thereof, that provide transportation, utilities, public education, or public safety services. Included are government office buildings; public schools; courthouses; jails; prisons; water treatment plants, distribution systems, and pumping stations; wastewater treatment plants, collection systems, and pumping stations; solid waste disposal plants, incinerators, landfills, and related facilities; public roads and streets; highways; public parking facilities; public transportation systems, terminals, and rolling stock; rail, air, and water port structures, terminals, and equipment.

  • Tanning facility means any premises, building, or part of a building that contains one or more rooms or booths with any of the following:

  • Holding facility means a designated area for the retention of

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;