Get 1 Form Of Musharakah Contract This - Mashreq Al Islami

Filling out the 1 Form of Musharakah Contract is an important step in establishing a partnership for joint financing. This guide will assist you in understanding the components of the form and provide you with clear instructions on how to complete it effectively.

Follow the steps to complete the Musharakah contract form efficiently.

1. Click the 'Get Form' button to obtain the Musharakah contract form and access it for editing.
2. In the first section, enter the date of the contract in the designated field labeled [●]. Ensure this information reflects the date when both parties formally agree to the terms.
3. Identify the parties involved in the contract. Input 'Mashreq Al Islami' for the Bank and the full legal name of the Client in the respective fields designated as [●].
4. Reference any additional agreements by filling in the related details under 'Ref:' section, entering the relevant reference number.
5. Detail the assets in the contract by specifying their quantity and description in section 4(A) labeled 'Assets: [INSERT DETAILS OF ASSET INCLUDING QUANTITY, DESCRIPTION].'
6. Complete the business plan overview in section 4(B) by either specifying the details or attaching an annexure with the necessary information.
7. Indicate the place of delivery in section 4(C) by inputting the appropriate details in the field labeled [INSERT PLACE OF DELIVERY].
8. State the supplier(s) information in section 4(D) where it asks for the name and address.
9. Fill in the cost price in section 4(E) by indicating the total expense for the assets provided.
10. Record the Client’s contribution in section 4(F) to specify the amount they are contributing to the Musharakah.
11. Indicate the Bank’s contribution in section 4(G) to specify the amount provided by the Bank.
12. Set the delivery date in section 4(H) either by indicating a period from the Start Date or a specific date.
13. Mention the maturity date in section 4(I) according to the set period or specific date.
14. Specify the tenor in section 4(J) by detailing the number of days from the Start Date.
15. Input details concerning the security deposit in section 4(K), including the types of assets and their corresponding values.
16. Review the Client's representations and warranties in section 5 to ensure they accurately reflect the current circumstances.
17. Make sure all areas of potential conflict are understood as stated in section 6. Review if the specified contract takes precedence.
18. Complete the final section for signatures from both the Bank and the Client, identifying names and titles clearly before finalizing the document.
19. Once all fields are completed thoroughly, save your changes, and consider downloading, printing, or sharing the completed form as required.

Complete your Musharakah contract online today for a smooth partnership financing experience.