The Loan Agreement serves as the primary documentation for financing arrangements in Saudi Arabia, where all financial transactions must comply with both civil law requirements and Islamic Shariah principles. This document is essential when a financial institution provides financing to a borrower, whether for business expansion, project development, working capital, or other legitimate business purposes. It meticulously details the financing structure, which must avoid conventional interest (riba) and instead utilize Shariah-compliant profit mechanisms. The agreement incorporates specific requirements of Saudi Arabian banking regulations, SAMA guidelines, and Islamic financing principles, making it suitable for use in the Saudi Arabian jurisdiction. It includes comprehensive provisions for drawdown mechanisms, payment terms, security arrangements, events of default, and remedies, all structured to ensure enforceability under Saudi law while maintaining Shariah compliance.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the lender(s) and borrower(s), including full legal names and addresses
2. Background: Context of the financing arrangement and confirmation of Shariah compliance
3. Definitions and Interpretation: Key terms used in the agreement, including Islamic financing terminology
4. Facility: Details of the financing structure, amount, and Shariah-compliant profit mechanism
5. Purpose: Permitted uses of the facility and any restrictions
6. Conditions Precedent: Documents and conditions required before drawdown
7. Drawdown Mechanics: Procedures and requirements for utilizing the facility
8. Payment Provisions: Payment schedule, profit calculations, and payment mechanics
9. Representations and Warranties: Statements of fact and assurances from the borrower
10. Covenants: Positive and negative obligations of the borrower
11. Events of Default: Circumstances that trigger default and remedies
12. Changes to Parties: Rules for assignment and transfer
13. Notices: Communication procedures between parties
14. Governing Law and Jurisdiction: Saudi law provisions and dispute resolution mechanisms
1. Security: Details of any security arrangements, used when the facility is secured
2. Guarantee: Terms of any guarantee provided, included when there are guarantors
3. Syndication Provisions: Required for syndicated facilities with multiple lenders
4. Agency Provisions: Required when there is an administrative agent for the facility
5. Takaful (Islamic Insurance): Insurance requirements, included when specific assets need coverage
6. Early Payment: Terms for voluntary prepayment, if permitted
7. Increased Costs: Provisions for dealing with regulatory changes affecting lenders
8. Foreign Currency Provisions: Required when the facility involves multiple currencies
1. Facility Particulars: Detailed breakdown of the facility amount, profit rate, and payment schedule
2. Conditions Precedent Documents: List of required documents and conditions
3. Form of Drawdown Request: Template for drawdown notifications
4. Calculation of Profit: Detailed methodology for calculating Shariah-compliant profit
5. Form of Transfer Certificate: Template for transferring participation in the facility
6. Security Documents: Forms and details of security arrangements
7. Repayment Schedule: Detailed payment dates and amounts
8. Shariah Structure Diagram: Visual representation of the Islamic financing structure
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Real Estate and Construction
Manufacturing and Industrial
Energy and Natural Resources
Healthcare
Technology and Telecommunications
Retail and Consumer Goods
Transportation and Logistics
Agriculture and Food Production
Education
Relevant Teams
Legal
Finance
Treasury
Credit Risk
Compliance
Shariah Advisory
Corporate Banking
Operations
Risk Management
Investment Banking
Relevant Roles
Chief Financial Officer
Finance Director
Legal Counsel
Shariah Compliance Officer
Treasury Manager
Credit Risk Manager
Corporate Banking Manager
Relationship Manager
Compliance Officer
Financial Controller
Investment Manager
Corporate Finance Manager
Loan Officer
Chief Legal Officer
Banking Operations Manager
Find the exact document you need
Selling Real Estate Contract
A Saudi Arabian real estate sales contract template compliant with local laws and Sharia principles, facilitating property transfers and ensuring regulatory compliance.
Download
Wholesaling Real Estate Contract
A Saudi Arabia-compliant wholesale real estate contract governing bulk property transactions under local law and Shariah principles.
Download
Non Binding Agreement
A non-binding agreement template for use under Saudi Arabian jurisdiction, combining Sharia law principles with modern commercial practices to document parties' intentions without creating legal obligations.
Download
Non Compete Form
A Saudi Arabian legal document restricting post-employment competitive activities, governed by Saudi Labor Law and Sharia principles.
Download
Agreement For Job Work
A Saudi Arabian law-governed agreement between client and contractor defining terms and conditions for specific job work or project-based services.
Download
Non Disclosure Form
Saudi Arabia-compliant Non-Disclosure Agreement template for protecting confidential information exchange under Saudi law and Shariah principles.
Download
Videography Contract
A Saudi Arabian law-governed agreement for professional videography services, ensuring compliance with local regulations while defining service terms and deliverables.
Download
Subscription Agreement
A Saudi law-governed agreement establishing terms for subscription-based services, compliant with local regulations and Shariah principles.
Download
Production Contract
A Saudi Arabian law-governed agreement establishing terms and conditions for manufacturing or production activities, ensuring compliance with local regulations and Sharia principles.
Download
Novation Agreement (Real Estate)
A Saudi Arabian law-governed agreement transferring real estate contract rights and obligations from one party to another, ensuring compliance with Shariah principles and local property regulations.
Download
Option Contract (Real Estate)
A Sharia-compliant agreement under Saudi Arabian law granting the right to purchase specified real estate at predetermined terms within an agreed timeframe.
Download
Labor Contract
A Saudi Arabian employment agreement that establishes terms and conditions of employment while ensuring compliance with Saudi Labor Law and regulations.
Download
Franchise Agreement
A Saudi Arabian law-governed agreement establishing a franchise relationship, granting business operational rights while ensuring compliance with local regulations and Sharia principles.
Download
Common Agreement
A general-purpose legal agreement template compliant with Saudi Arabian law and Sharia principles, suitable for establishing business relationships in Saudi Arabia.
Download
Barter Agreement
A Saudi Arabian law-governed agreement facilitating the direct exchange of goods/services between parties, structured to comply with both Sharia and commercial law requirements.
Download
Unregistered Sale Agreement With Possession
A Saudi Arabian agreement facilitating property sale and possession transfer without immediate registration, compliant with local law and Sharia principles.
Download
Master Contract
A Saudi law-governed framework agreement establishing terms for ongoing business relationships, compliant with Shariah principles and local regulations.
Download
Notarial Contract
A legally authenticated contract under Saudi Arabian law, officially verified and certified by a licensed notary public, providing enhanced legal security and evidential value.
Download
House Rent Agreement Form
A Saudi Arabian residential lease agreement that establishes rental terms between landlord and tenant, compliant with local laws and Ejar system requirements.
Download
Partnership Agreement Form
A Saudi Arabian law-governed agreement establishing and regulating a business partnership, ensuring compliance with local regulations and Sharia principles.
Download
Landscape Contract
A Saudi Arabian law-governed contract for landscape construction and maintenance services, including works specifications and environmental compliance requirements.
Download
Guarantee Contract
A Saudi Arabian law-governed contract where a guarantor assumes responsibility for another party's obligations to a beneficiary, structured in compliance with Sharia principles and local commercial laws.
Download
Tenancy Agreement Form
A Saudi Arabian lease agreement template that establishes property rental terms between landlord and tenant, compliant with Saudi Tenancy Law and Sharia principles.
Download
Simple Rental Agreement Form
A Saudi Arabia-compliant rental agreement template for residential and commercial properties, incorporating local legal requirements and Shariah principles.
Download
Money Agreement Between Two Parties
A Sharia-compliant money agreement under Saudi Arabian law establishing financial arrangements between two parties with specific terms and conditions.
Download
Side Agreement
A supplementary agreement under Saudi Arabian law that modifies or adds to the terms of a primary agreement while ensuring Shariah compliance.
Download
Novation Contract
A Saudi Arabian law-governed agreement transferring contractual rights and obligations from one party to another, with consent of all parties involved.
Download
Mutual Agreement Between Two Parties
A bilateral agreement template compliant with Saudi Arabian law and Sharia principles, establishing mutual rights and obligations between two contracting parties.
Download
Contract For Selling A Car
A Saudi Arabian law-compliant agreement for the sale and transfer of vehicle ownership, incorporating local regulatory requirements and Sharia principles.
Download
Business Transfer Agreement
A Saudi law-governed agreement for transferring business ownership, including assets, liabilities, and operational elements from one entity to another.
Download
Tooling Agreement
A Saudi Arabian law-governed agreement establishing terms for industrial tooling supply, ownership, and usage, compliant with local commercial and Sharia law requirements.
Download
Representation Agreement
A Saudi law-governed agreement establishing the terms and conditions for commercial representation between a principal company and its Saudi representative.
Download
Notary Rent Agreement
A notarized rental agreement compliant with Saudi Arabian law and Ejar system requirements, establishing terms for property lease.
Download
Non Compete Agreement Between Companies
A Saudi Arabian law-compliant agreement restricting competitive activities between companies within specified parameters and timeframes.
Download
Land Agreement Between Two Parties
A Saudi Arabian land agreement document that formalizes property rights transfer between two parties, compliant with Sharia law and local regulations.
Download
Buyer Agency Agreement
A Saudi Arabian law-governed agreement establishing the relationship between a property buyer and their real estate agent, outlining services, obligations, and compensation terms.
Download
Commercial Lease Form
A Saudi Arabian commercial lease agreement template that establishes terms for leasing business properties, compliant with local laws and Shariah principles.
Download
Vending Machine Contract
A Saudi Arabia-governed agreement for vending machine installation and operation, compliant with local commercial law and Sharia principles.
Download
Contra Agreement
A Saudi Arabian law-governed agreement facilitating the exchange of goods/services between parties without primary monetary consideration, compliant with Sharia and local commercial regulations.
Download
Catering Contract
A Saudi Arabian law-governed agreement establishing terms for catering services provision, incorporating local regulatory requirements and Halal compliance.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)