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1. Parties: Identification of the lender and borrower with full legal names, addresses, and registration details
2. Background: Context of the debt agreement and confirmation of Sharia compliance
3. Definitions: Key terms used throughout the agreement including 'Principal Amount', 'Profit Rate', 'Payment Date', etc.
4. Principal Amount and Purpose: Statement of the debt amount and its intended use
5. Sharia Compliance Declaration: Explicit statement confirming the agreement's compliance with Islamic finance principles
6. Repayment Terms: Details of repayment schedule, method, and currency of payment
7. Security and Guarantees: Description of any collateral or guarantees securing the debt
8. Representations and Warranties: Statements of fact by the borrower regarding their financial condition and ability to repay
9. Events of Default: Circumstances that constitute default and consequences thereof
10. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction for disputes
11. Notices: Process for formal communications between parties
12. Execution: Signature blocks and execution requirements
1. Early Repayment: Terms for early repayment of the debt, used when early repayment is permitted
2. Third-Party Guarantor: Details of guarantor obligations, included when a third party guarantees the debt
3. Assignment and Transfer: Terms for transferring rights under the agreement, included for transferable debts
4. Force Majeure: Provisions for unforeseen circumstances, included for longer-term debt agreements
5. Profit Sharing: Structure of profit sharing if applicable under Islamic finance principles
6. Multiple Disbursements: Terms for staged release of funds, used for construction or project financing
7. Zakat Provisions: Clarification of Zakat obligations, included when relevant to the transaction
1. Schedule 1 - Repayment Schedule: Detailed payment schedule showing dates and amounts
2. Schedule 2 - Security Details: Detailed description of any collateral or security provided
3. Schedule 3 - Conditions Precedent: List of conditions to be satisfied before disbursement
4. Appendix A - Form of Notice: Template for formal notices under the agreement
5. Appendix B - Sharia Structure: Detailed explanation of the Islamic finance structure used
6. Appendix C - Required Documents: List of supporting documents required from the borrower
7. Appendix D - Calculation Methods: Explanation of profit calculation methods under Islamic principles
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