Financial Contract Template for Saudi Arabia

1. Profit Sharing Mechanism: Required for Mudarabah or Musharakah arrangements, detailing profit-sharing ratios and calculations

2. Asset Details: Required for asset-based financing like Murabaha or Ijara, describing the underlying assets

3. Shariah Advisory: Section detailing Shariah board approvals and ongoing compliance requirements

4. Tax Provisions: Specific tax considerations and Zakat requirements if applicable

5. Assignment and Transfer: If transfer of rights is permitted under the specific financial structure

6. Force Majeure: Provisions for unforeseen circumstances, adapted to Shariah principles

7. Appointment of Agents: Required for Wakalah arrangements or when agents are involved in the transaction

1. Payment Schedule: Detailed breakdown of payment obligations and timing

2. Asset Schedule: Detailed description of any assets involved in the financing

3. Profit Calculation Methodology: Detailed methodology for calculating profit in compliance with Shariah

4. Form of Notices: Standard forms for various notices required under the agreement

5. Required Documents: List of supporting documents required for the transaction

6. Shariah Compliance Certificates: Copies of relevant Shariah compliance certifications

7. Security Documents: Forms of security documents and guarantees

8. Know Your Customer Requirements: List of required KYC documents and compliance requirements