2015م - 1444هـ




SAMPLES OF ISLAMIC FINANCE CONTRACTS

Objectives:

The purpose of providing sample contracts of Islamic

Financing is to show how these contracts are formulated

and how the Islamic Financing principles are reflected in

legal terms. The following shall not be legal documents,

and we warn users of the Islamic Financing Net that they

must consult their legal advisers before using any clause(s)

sampled on the Net. The Provider does not carry any legal

or moral responsibility for any use of these samples. They

are not offered as legal documents, and we do not give, on

this Net, legal counseling...

Presentation:

Each Shari’ah-approved financing document may be

sampled here in different versions, depending on whether

there are certain variations in the way a financing mode is

applied. Also, each version consists of core clauses that

explain the financing relationships and make the essential

body of the contract and marginal, though necessary,

clauses that indicate its legal and economic milieu.

Preparation:

This section is prepared by Dr. Monzer Kahf, Ph.D.

Economics, University of Utah, 1975. Between 1985 and

1990, he served as an Islamic Economic expert at the

Islamic Research and Training Institute of the Islamic

Development Bank, a Pan Islamic Inter-Governmental

Organization, Jeddah, Saudi Arabia. Over the past twenty

2

five years, Monzer Kahf has written and edited more than

15 books and more than 95 articles on different subjects in

Islamic Economics, Finance and Banking, in Arabic and

English. He lectured in many seminars and conferences.

Currently, he resides in Orange County, California. His