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FORM OF ISARA CONTRACT This ISARA Contract is dated and made be between: (1) Mashed Al Islam, Islamic Banking Division of Mashreqbank PSC (the Bank); and (2) (the Client). Ref: 1. Terms defined in
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How to fill out form of ijarah contract:

01
Start by reading and understanding the instructions provided on the form. Make sure you have a clear understanding of the terms and conditions associated with the ijarah contract.
02
Fill in your personal details accurately. This includes providing your full name, address, contact information, and any other relevant information as specified in the form.
03
Specify the details of the property or asset to be leased. Include the address, description, and any additional information required to identify the property or asset accurately.
04
Determine the duration of the lease. Indicate the start and end dates of the lease period as well as any renewal or extension options, if applicable.
05
State the rental amount or payment terms. Specify the amount to be paid, the frequency of payments, and any penalties or late fees associated with missed or delayed payments.
06
Clearly define the rights and responsibilities of both parties involved in the lease agreement. This includes outlining maintenance responsibilities, insurance coverage, and any additional clauses or conditions relevant to the agreement.
07
Review the form thoroughly before submitting it. Make sure all information provided is accurate and complete. If required, seek legal advice or assistance to ensure your understanding and compliance with the contract.
08
Sign and date the form, indicating your acceptance of the terms and conditions outlined in the ijarah contract.

Who needs the form of ijarah contract?

01
Individuals or businesses seeking to lease a property or asset for a specific period.
02
Landlords or lessors looking to establish a legally binding agreement with tenants or lessees.
03
Financial institutions or organizations providing ijarah financing services.
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The form of ijarah contract is a leasing agreement in Islamic finance where the lessor retains ownership of the leased asset and the lessee pays rent for its use.
Both the lessor and the lessee are required to file the form of ijarah contract.
The form of ijarah contract should be filled out with details of the lessor, lessee, leased asset, rent amount, and duration of the lease.
The purpose of the form of ijarah contract is to formalize the leasing agreement between the lessor and the lessee in compliance with Islamic finance principles.
The form of ijarah contract must include details such as the names of the parties, description of the leased asset, rent amount, and duration of the lease.
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Relevant keywords

IJARA MIFA TXXH Dubai DBIWK17473 MFK EMEA1 Islami Mashreq 8038459v3 Mashreqbank psc Emirate Emirates supplemented annum Islamic superseded instalment applicable Commencement addendum amended pursuant construed whereby payable Variable specified Undertakin

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