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The Short Term Loan Agreement is a fundamental financing document used in Qatar for establishing temporary financing arrangements, typically with durations under one year. This document is essential for businesses and individuals seeking quick access to capital while ensuring compliance with Qatar's legal framework, including the Civil Code and Central Bank regulations. It contains detailed provisions for loan disbursement, repayment terms, and applicable profit rates structured in accordance with Islamic finance principles. The agreement is particularly relevant in Qatar's dynamic business environment where rapid access to financing is crucial for business operations, working capital needs, or short-term projects. The document must carefully balance commercial lending practices with Sharia compliance requirements, making it suitable for both conventional and Islamic banking structures within Qatar's jurisdiction.

1. Parties: Identification of the Lender and Borrower with full legal names and addresses

2. Background: Brief context of the loan arrangement and relationship between parties

3. Definitions: Key terms used throughout the agreement including Loan Amount, Interest Rate/Profit Rate, Repayment Date

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

5. Disbursement: Terms and conditions for the release of loan funds

6. Interest/Profit Rate: Applicable rate and calculation method in compliance with Qatar law and Islamic principles

7. Repayment Terms: Schedule and method of repayment including maturity date

8. Representations and Warranties: Standard declarations by the Borrower regarding legal capacity and financial condition

9. Events of Default: Circumstances constituting default and consequences

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