Credit Purchase Agreement Template for Saudi Arabia

1. Insurance Requirements: Used when insurance is required for the purchased items

2. Third-Party Rights: Include when there are guarantors or third-party security providers

3. Assignment and Transfer: Include when rights under the agreement may be transferred

4. Force Majeure: Include for long-term credit arrangements or when specifically requested

5. Takaful Provisions: Include when Islamic insurance is required as part of the agreement

6. Additional Purchaser Obligations: Include for specific types of purchases requiring ongoing obligations

7. Confidentiality: Include for high-value or commercial credit purchases

1. Schedule 1 - Payment Schedule: Detailed breakdown of installment amounts and payment dates

2. Schedule 2 - Product Specifications: Detailed description of goods/services being purchased

3. Schedule 3 - Fees and Charges: Breakdown of all applicable fees and charges in compliance with SAMA requirements

4. Schedule 4 - Security Documents: List and copies of security documents if applicable

5. Appendix A - Required Documents: List of documents required from the purchaser

6. Appendix B - Form of Notice: Standard forms for various notices under the agreement

7. Appendix C - Sharia Structure: Detailed explanation of the Sharia-compliant financing structure used