��������Ƶ

This Personal Loan Agreement template is designed for use in Qatar by financial institutions providing personal financing to individual borrowers. It complies with Qatar's Civil Code (Law No. 22 of 2004), Qatar Central Bank regulations, and Sharia principles, making it suitable for both conventional and Islamic banks. The document comprehensively covers loan disbursement, repayment terms, profit calculation methods, borrower obligations, and default scenarios. It includes necessary consumer protection provisions as required by Qatari law and incorporates specific language to ensure Sharia compliance, particularly regarding the profit structure instead of conventional interest. This template is typically used for personal financing purposes such as home improvements, education, or general personal expenses, with loan amounts and terms customizable according to the institution's policies and the borrower's eligibility.

1. Parties: Identification of the lender and borrower with full legal names and addresses

2. Background: Context of the loan agreement and confirmation of Sharia compliance

3. Definitions: Definitions of key terms used throughout the agreement

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

5. Disbursement Terms: Conditions and process for disbursing the loan amount

6. Repayment Terms: Payment schedule, installment amounts, and method of payment

7. Profit Rate: Sharia-compliant profit rate and calculation method (avoiding conventional interest)

8. Security and Guarantees: Details of any security or guarantees required for the loan

9. Borrower's Representations: Borrower's confirmations regarding their financial status and ability to repay

10. Borrower's Covenants: Ongoing obligations of the borrower during the loan term

11. Events of Default: Circumstances constituting default and consequences

12. Early Repayment: Terms and conditions for early loan repayment

13. Notices: Process for formal communications between parties

14. Governing Law and Jurisdiction: Confirmation of Qatar law governance and jurisdiction