Term Finance Certificates definition

Term Finance Certificates means redeemable equity instruments issued on profit and loss sharing basis.
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Term Finance Certificates means debts instruments issued on profit and loss sharing basis.
Sample 1

Examples of Term Finance Certificates in a sentence

  • It invests in fixed income instruments like PIB’s, T-Bills, Term Finance Certificates and other medium to long term fixed income securities.

  • Subjective Unobservable InputsAl Meezan uses subjective unobservable inputs for valuing some of its debt instruments i.e., Sukuks and Term Finance Certificates.

  • Income from Term Finance Certificates or Corporate Paper(s), Government Securities, return on deposits / Certificates of Investment/deposit with banks / financial institutions, money market transactions, profit and loss sharing accounts with banks etc., is taxable at the rate applicable to a public company (as per Income Tax law).

  • The Scheme shall not invest in Term Finance Certificates, Continuous Funding System (CFS), and Spread Transactions.

  • Subjective Unobservable Inputs UBL Fund Managers Limited uses subjective unobservable inputs for valuing some of its debt instruments i.e., Sukuks and Term Finance Certificates.

  • Income from dividend, return from Shariah compliant Term Finance Certificates, return on Riba-free deposits with banks/ financial institutions, return from contracts, securities or instruments of companies, organizations, and establishments issued on the principles of Bai'Muajjal, Bai'Salam, Istisn'a, Modaraba, Musharika or shares will not be subjected to any withholding tax.

  • It is very hard to obtain a precise specification of attitudes towards the basic aims of a tax and transfer system.

  • Interest based debt includes issuing corporate bonds, debentures, Term Finance Certificates (TFCs), commercial paper or using conventional bank loans, capital lease, hire purchase agreements, preference shares etc.

  • Drawing from the core products identified above, re-engineering has been possible in some cases such as the reverse Murabahah, diminishing Musharakah to provide housing finance, Sukuk and its variants along with Musharakah Term Finance Certificates (MTFCs) which is a form of Sukuk.

  • SUBORDINATED DEBT The Bank has issued fully paid up, rated, listed, perpetual, unsecured, subordinated, non-cumulative and contingent convertible debt instruments in the nature of Term Finance Certificates (TFCs) under Section 66 of the Companies Act, 2017 which qualify as Additional Tier I Capital as outlined by State Bank of Pakistan (SBP) under BPRD Circular No. 6 dated August 15, 2013.

Related to Term Finance Certificates

  • Compliance Certificate means a certificate substantially in the form of Exhibit D.

  • Performance Certificate means the certificate issued under Sub-Clause 11.9 [Performance Certificate].

  • Acceptance Certificate (11/18) means a written instrument by which the City notifies Contractor that a Deliverable has been Accepted or Accepted with exceptions, and Acceptance Criteria have been met or waived, in whole or in part.

  • U.S. Tax Compliance Certificate has the meaning specified in Section 3.01(e)(ii)(B)(III).