Trust Settlement Agreement Template for Saudi Arabia

1. Shariah Supervisory Board: Required when the trust involves Islamic financial instruments or investments requiring ongoing Shariah compliance monitoring

2. Foreign Assets Provisions: Include when trust holds assets outside Saudi Arabia

3. Tax Provisions: Required when there are international tax implications or specific zakat considerations

4. Dispute Resolution: Detailed alternative dispute resolution procedures if desired beyond standard court jurisdiction

5. Protector Provisions: Include when a trust protector role is established

6. Charitable Purposes: Required when the trust includes charitable or waqf elements

7. Special Powers: Additional powers for specific situations or complex asset management

8. Amendment Procedures: Include when flexibility to modify trust terms is desired

1. Schedule 1 - Initial Trust Assets: Detailed inventory and valuation of initial trust property

2. Schedule 2 - Beneficiary Information: Complete details of all beneficiaries and their respective interests

3. Schedule 3 - Investment Guidelines: Detailed Shariah-compliant investment criteria and restrictions

4. Schedule 4 - Trustee Remuneration: Fee structure and payment terms for trustees

5. Schedule 5 - Distribution Rules: Detailed procedures and formulas for benefit distribution

6. Appendix A - Required Documents: List of documents required for trust administration

7. Appendix B - Administrative Procedures: Detailed operational procedures and protocols

8. Appendix C - Shariah Compliance Guidelines: Specific guidelines ensuring ongoing Shariah compliance