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1. Parties: Identification of the mortgagor (property owner) and mortgagee (financial institution), including full legal names and addresses
2. Background: Context of the agreement, including reference to the main financing agreement and Sharia compliance declaration
3. Definitions: Definitions of key terms used throughout the agreement, including Islamic financing terms
4. Property Details: Detailed description of the mortgaged property, including title information and registration details
5. Sharia Structure: Details of the Sharia-compliant financing structure (Murabaha/Ijara) being used
6. Grant of Mortgage: Creation and terms of the mortgage security interest
7. Mortgagor's Representations and Warranties: Statements and guarantees about the property and mortgagor's authority
8. Mortgagor's Covenants: Ongoing obligations regarding property maintenance, insurance, and payment
9. Events of Default: Circumstances constituting default and consequences
10. Enforcement Rights: Mortgagee's rights and remedies upon default, compliant with Saudi law
11. Registration and Notices: Requirements for registration and formal communications
12. Governing Law and Jurisdiction: Confirmation of Saudi law governance and jurisdiction
13. Execution: Signature blocks and execution requirements
1. Insurance Requirements: Detailed insurance obligations if not covered in main covenants - used when specific insurance requirements are extensive
2. Property Management: Additional provisions for property management if the property is income-generating
3. Co-owners Provisions: Used when the property has multiple owners
4. Development Provisions: Required when the property is under development or construction
5. Assignment and Transfer: Detailed provisions for transfer rights if these are permitted
6. Third Party Rights: Provisions dealing with existing tenants or other third-party rights
7. Regulatory Compliance: Additional regulatory requirements for specific property types or zones
1. Property Description Schedule: Detailed legal description of the property, including plans and title documents
2. Payment Schedule: Schedule of payments under the Sharia-compliant financing structure
3. Form of Notices: Standard forms for various notices under the agreement
4. Required Insurances: Detailed list of required insurance coverage
5. Existing Encumbrances: List of any existing rights or claims over the property
6. Registration Requirements: Specific documents and procedures required for mortgage registration
7. Shariah Approval: Confirmation of Shariah compliance from relevant scholars or board
Banking & Financial Services
Real Estate
Islamic Finance
Construction & Development
Commercial Property
Residential Property
Legal Services
Insurance
Property Management
Real Estate Investment
Legal
Sharia Compliance
Real Estate Finance
Risk Management
Credit
Commercial Banking
Islamic Banking
Property Management
Compliance
Documentation
Real Estate Investment
Legal Counsel
Sharia Compliance Officer
Real Estate Finance Manager
Property Finance Officer
Risk Manager
Credit Manager
Real Estate Manager
Mortgage Officer
Commercial Banking Manager
Islamic Banking Specialist
Property Lawyer
Compliance Officer
Legal Documentation Specialist
Real Estate Investment Manager
Transaction Manager
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