The Simple Mortgage Agreement is a fundamental legal instrument used in Saudi Arabian real estate financing transactions to create a security interest over property while ensuring compliance with both civil and Shariah law requirements. This document is typically used when a financial institution provides property financing to individuals or businesses, requiring security over the real estate as collateral. The agreement must conform to the Saudi Arabian Real Estate Finance Law, SAMA regulations, and Islamic banking principles, making it distinct from conventional mortgages used in other jurisdictions. It includes essential elements such as property details, financing terms, rights and obligations of parties, and enforcement mechanisms, all structured to ensure Shariah compliance while providing adequate security for the financing institution.
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 mortgagor (property owner) and mortgagee (financial institution), including full legal names and addresses
2. Background: Context of the agreement, including the purpose of the mortgage and confirmation of Shariah compliance
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Detailed description of the mortgaged property, including title deed number and location
5. Mortgage Terms: Core financial terms including principal amount, profit rate, and payment schedule
6. Security Creation: Legal creation of the mortgage right over the property
7. Representations and Warranties: Statements of fact and promises by the mortgagor regarding ownership, authority, and property condition
8. Covenants: Ongoing obligations of the mortgagor including property maintenance and insurance requirements
9. Events of Default: Circumstances constituting default and consequences thereof
10. Enforcement Rights: Mortgagee's rights and remedies in case of default, compliant with Saudi enforcement law
11. Term and Termination: Duration of the mortgage and conditions for termination
12. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction of Saudi courts
1. Co-Mortgagor Provisions: Additional terms when property is jointly owned or there are multiple borrowers
2. Property Development Conditions: Special conditions if the property is under construction or development
3. Assignment and Transfer: Terms governing the transfer of mortgage rights, if permitted
4. Insurance Requirements: Detailed insurance obligations beyond standard requirements
5. Regulatory Compliance: Additional compliance requirements for specific property types or zones
6. Force Majeure: Provisions for unforeseen circumstances affecting the property or payments
1. Property Schedule: Detailed property description, including plans, boundaries, and title information
2. Payment Schedule: Detailed breakdown of payment obligations including dates and amounts
3. Insurance Schedule: Specific insurance requirements and minimum coverage details
4. Shariah Structure Schedule: Detailed explanation of the Islamic financing structure used
5. Property Valuation Report: Professional valuation of the property
6. Required Authorizations: List of regulatory approvals and permits required
Relevant legal definitions
Clauses
Relevant Industries
Banking & Financial Services
Real Estate
Islamic Finance
Property Development
Legal Services
Insurance
Construction
Property Management
Relevant Teams
Legal
Real Estate Finance
Islamic Banking
Risk Management
Compliance
Property Services
Credit Administration
Documentation
Real Estate Operations
Relevant Roles
Legal Counsel
Shariah Compliance Officer
Real Estate Finance Manager
Property Finance Officer
Risk Manager
Mortgage Officer
Real Estate Manager
Credit Risk Officer
Documentation Specialist
Compliance Officer
Property Valuation Specialist
Islamic Banking Officer
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)