The Staff Loan Agreement is commonly used in Qatar when employers provide financial assistance to employees through structured loan arrangements. This document is essential for organizations operating in Qatar that offer employee loan programs as part of their benefits package. The agreement must comply with Qatar Labor Law No. 14 of 2004, Qatar Civil Code, and Sharia principles, particularly regarding interest calculations and repayment structures. It typically includes provisions for salary deductions, early repayment options, and scenarios involving employment termination. The Staff Loan Agreement serves to protect both employer and employee interests while ensuring transparency and legal compliance in the loan arrangement.

1. Parties: Identification of the employer (lender) and employee (borrower)

2. Background: Context of the loan agreement, employment relationship, and purpose of the loan

3. Definitions: Key terms used throughout the agreement

4. Loan Amount and Purpose: Specification of the loan amount and its intended use

5. Disbursement: Terms and conditions for disbursing the loan amount

6. Repayment Terms: Schedule, method, and terms of repayment, including salary deduction authorization

7. Interest/Profit Rate: Specification of any administrative fees or profit rate (structured in compliance with Sharia principles)

8. Security and Guarantees: Any security or guarantees required for the loan

9. Employee Covenants: Employee's obligations and promises under the agreement

10. Default Events: Circumstances constituting default and consequences

11. Termination: Provisions for early termination and consequences of employment termination

12. Governing Law and Jurisdiction: Specification of Qatar law as governing law and jurisdiction for disputes