The Revolving Agreement serves as a fundamental document for establishing ongoing credit arrangements in Saudi Arabia, particularly useful for businesses requiring flexible financing options that comply with Islamic principles. It is designed to meet the requirements of Saudi Arabian law, including compliance with Sharia principles, SAMA regulations, and the Commercial Law framework. The document typically comes into play when a business needs regular access to funds for working capital, operational expenses, or project financing, with the ability to draw down and repay multiple times. The agreement includes comprehensive details about facility limits, profit calculations (structured to avoid conventional interest), security arrangements, and operational procedures, making it suitable for various commercial and industrial applications while maintaining strict adherence to Islamic finance principles.
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 all contracting parties with full legal names and addresses
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement, including financial and technical terms specific to revolving arrangements
4. Facility Structure: Details of the revolving facility, including limit, purpose, and Sharia-compliant profit structure
5. Drawdown Mechanics: Procedures and conditions for requesting and receiving funds under the facility
6. Repayment Terms: Terms for repayment including payment schedules and mechanisms
7. Sharia Compliance: Specific provisions ensuring compliance with Islamic finance principles
8. Representations and Warranties: Standard and specific declarations by both parties
9. Covenants: Ongoing obligations of the parties during the agreement term
10. Events of Default: Circumstances constituting default and consequent remedies
11. Term and Termination: Duration of the agreement and termination provisions
12. Governing Law and Jurisdiction: Confirmation of Saudi law governance and dispute resolution mechanism
1. Security: Required when the facility is secured by collateral or guarantees
2. Islamic Insurance: Needed when insurance/takaful requirements are applicable
3. Special Purpose Vehicle: When the structure requires an SPV for Sharia compliance
4. Currency Provisions: Required for multi-currency facilities
5. Agent Provisions: Needed in syndicated facilities with an agent bank
6. Anti-Money Laundering: Detailed AML provisions for high-risk transactions
7. Force Majeure: Specific provisions for unforeseen circumstances affecting performance
1. Facility Limits and Profit Rates: Detailed breakdown of facility amounts and Sharia-compliant profit calculations
2. Form of Drawdown Notice: Standard form for requesting utilization of the facility
3. Conditions Precedent: List of documents and conditions required before first drawdown
4. Fee Schedule: Breakdown of all applicable fees and charges (ensuring Sharia compliance)
5. Reporting Requirements: Forms and templates for periodic financial reporting
6. Security Details: Detailed description of any security or collateral arrangements
7. Compliance Certificates: Standard forms for periodic compliance certification
8. Authorized Signatories: List of persons authorized to act on behalf of each party
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Islamic Finance
Commercial and Industrial
Real Estate and Construction
Manufacturing
Trading and Distribution
Healthcare
Technology and Telecommunications
Energy and Utilities
Retail and Consumer Goods
Relevant Teams
Legal
Finance
Treasury
Compliance
Risk Management
Islamic Banking
Credit
Corporate Banking
Commercial Operations
Company Secretariat
Relevant Roles
Chief Financial Officer
Finance Director
Treasury Manager
Legal Counsel
Compliance Officer
Sharia Compliance Manager
Risk Manager
Corporate Banking Manager
Credit Manager
Financial Controller
Commercial Director
Company Secretary
Senior Finance Manager
Islamic Banking Specialist
Find the exact document you need
Loan Agreement Letter
A Sharia-compliant Loan Agreement Letter under Saudi Arabian law that establishes the terms and conditions of a loan while adhering to Islamic finance principles and Saudi banking regulations.
Download
Agreement To Repay Debt
A Sharia-compliant debt repayment agreement under Saudi Arabian law, documenting debt acknowledgment and repayment terms between creditor and debtor.
Download
Loan Restructuring Agreement
A Sharia-compliant agreement under Saudi Arabian law that modifies existing loan terms to accommodate changed circumstances while ensuring compliance with Islamic finance principles and local regulations.
Download
Term Loan Facility Agreement
Saudi Arabian law-governed term loan facility agreement compliant with Shariah principles, detailing lending terms and conditions under Islamic finance structures.
Download
Simple Mortgage Agreement
A Shariah-compliant mortgage agreement under Saudi Arabian law establishing security interest over real property with associated financing terms and conditions.
Download
Loan Agreement Between Companies
A Sharia-compliant corporate loan agreement for use between companies in Saudi Arabia, incorporating local legal requirements and Islamic finance principles.
Download
Loan Repayment Contract
A Sharia-compliant loan repayment agreement under Saudi Arabian law that structures the terms and conditions for loan repayment while ensuring compliance with Islamic financial principles.
Download
House Loan Contract
A Sharia-compliant house loan contract under Saudi Arabian law, establishing terms for home financing while adhering to Islamic banking principles and local regulations.
Download
Flexi Finance Loan Agreement
Shariah-compliant flexible financing agreement template for Saudi Arabian jurisdiction, incorporating Islamic banking principles and local regulatory requirements.
Download
Debt Agreement Contract
A Shariah-compliant debt agreement under Saudi Arabian law establishing terms and conditions for lending arrangements between parties.
Download
Contract For Land Purchase
A Saudi Arabian law-compliant contract for the purchase and sale of land property, incorporating all necessary terms and conditions under local regulations and Sharia principles.
Download
Deed Of Assumption Of Mortgage Car
A Saudi Arabian legal document facilitating the transfer of vehicle mortgage obligations between parties while ensuring Sharia compliance.
Download
Loan Novation Agreement
A Saudi Arabian law-governed agreement that transfers loan obligations between parties while ensuring Shariah compliance.
Download
Individual To Individual Loan Agreement
A Sharia-compliant individual-to-individual loan agreement template governed by Saudi Arabian law, facilitating private lending arrangements while ensuring compliance with Islamic financial principles.
Download
Loan Participation Agreement
A Saudi Arabian law-governed agreement establishing rights and obligations in a Sharia-compliant loan participation arrangement between financial institutions.
Download
Loan Agreement Term Sheet
A Saudi Arabian law-governed term sheet outlining key terms for Shariah-compliant financing arrangements, serving as the basis for detailed facility documentation.
Download
No Loan Agreement
A Sharia-compliant financial agreement under Saudi Arabian law that structures monetary arrangements without traditional lending elements.
Download
Mortgage Loan Contract
A Shariah-compliant mortgage loan agreement under Saudi Arabian law, establishing financing terms and property security arrangements in compliance with SAMA regulations.
Download
Securities Lending Agreement
A Saudi Arabian law-governed agreement establishing terms for securities lending transactions, incorporating CMA regulations and Shariah compliance requirements.
Download
Money Repayment Agreement
A Sharia-compliant agreement under Saudi Arabian law establishing terms for monetary debt repayment between parties.
Download
Loan Surety Agreement
A Sharia-compliant guarantee agreement under Saudi Arabian law where a guarantor commits to fulfilling a borrower's obligations to a lender in case of default.
Download
Loan Reinstatement Agreement
A Sharia-compliant agreement under Saudi Arabian law that reinstates a defaulted loan, establishing new payment terms and conditions between lender and borrower.
Download
Lending Contract
A Sharia-compliant lending agreement under Saudi Arabian law, establishing terms for financial transactions in accordance with Islamic finance principles and local regulations.
Download
Lending Agreement
A Sharia-compliant financing agreement under Saudi Arabian law that establishes terms and conditions for lending between parties.
Download
Lenders Agreement
A Saudi Arabian law-governed financing agreement establishing Shariah-compliant lending terms and conditions between financial institutions and borrowers.
Download
Lender And Borrower Agreement
A Sharia-compliant financing agreement under Saudi Arabian law establishing terms and conditions between lender and borrower, including profit rates, security, and payment terms.
Download
Home Loan Agreement
A Sharia-compliant home financing agreement under Saudi Arabian law, detailing terms, conditions, and security arrangements for property purchase financing.
Download
Finance Agreement
A Sharia-compliant financing agreement under Saudi Arabian law establishing terms for Islamic financing arrangements and regulatory compliance.
Download
Forbearance Agreement Commercial Loan
A Shariah-compliant agreement under Saudi Arabian law that temporarily suspends a lender's enforcement rights against a defaulting commercial borrower while establishing new compliance terms.
Download
Education Loan Agreement
A Sharia-compliant Education Loan Agreement under Saudi Arabian law, establishing terms for educational financing between a financial institution and student borrower.
Download
Debt Agreement Letter
A Sharia-compliant Debt Agreement Letter under Saudi Arabian law that documents debt obligations and repayment terms between parties.
Download
Credit Agreement Contract
A Shariah-compliant credit agreement under Saudi Arabian law establishing terms for credit facilities between lender and borrower.
Download
Contract Of Loan With Real Estate Mortgage
A Sharia-compliant loan agreement secured by real estate mortgage under Saudi Arabian law, combining financing terms with property security arrangements.
Download
Assumption Of Mortgage Form
A Saudi Arabian legal document that transfers mortgage obligations from an existing borrower to a new party, compliant with local laws and Sharia principles.
Download
Mortgage Note Purchase Agreement
A Sharia-compliant agreement for the purchase and sale of mortgage notes in Saudi Arabia, conforming to Saudi banking regulations and Islamic finance principles.
Download
Personal Loan Agreement With Notary
A notarized personal loan agreement under Saudi Arabian law, establishing Sharia-compliant terms between a lender and borrower with official authentication.
Download
Loan Against Rent Agreement
A Saudi Arabian Shariah-compliant agreement facilitating property owner financing secured against rental income streams.
Download
Credit Agreement Between Two Parties
A Shariah-compliant credit agreement under Saudi Arabian law establishing terms for credit extension between two parties.
Download
Installment Loan Contract
A Sharia-compliant installment loan agreement under Saudi Arabian law, establishing terms for financing and repayment in accordance with Islamic principles and Saudi banking regulations.
Download
Agreement For Mortgage Of Property
A Sharia-compliant property mortgage agreement under Saudi Arabian law, establishing security interest over real property while adhering to Islamic finance principles and local regulations.
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)