51Ƶ

Finance Agreement for Saudi Arabia

Finance Agreement Template for Saudi Arabia

A comprehensive legal document governed by Saudi Arabian law that establishes the terms and conditions of a Sharia-compliant financing arrangement between a financial institution and a recipient. The agreement incorporates Islamic finance principles, complies with Saudi Central Bank (SAMA) regulations, and includes detailed provisions for profit rates, payment terms, security arrangements, and default mechanisms. It ensures adherence to both Islamic banking principles and Saudi Arabian banking regulations while providing a legally enforceable framework for the financing relationship.

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.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Finance Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Finance Agreement?

The Finance Agreement serves as the primary documentation for Sharia-compliant financing arrangements in Saudi Arabia, structured to comply with both Islamic finance principles and Saudi banking regulations. It is typically used when establishing financing facilities between Saudi Arabian financial institutions and borrowers, whether for corporate financing, project finance, or asset financing. The agreement must incorporate specific Islamic finance structures (such as Murabaha, Ijara, or Musharaka) while ensuring compliance with Saudi Central Bank (SAMA) requirements. This document includes essential elements such as facility details, profit rate calculations, payment mechanisms, security arrangements, and default provisions, all structured to meet Sharia requirements prohibiting interest (riba) and excessive uncertainty (gharar).

What sections should be included in a Finance Agreement?

1. Parties: Identification of the finance provider and recipient, including full legal names and addresses

2. Background: Context of the financing arrangement and confirmation of Sharia compliance

3. Definitions: Definitions of key terms used throughout the agreement

4. Facility Details: Description of the financing facility, amount, and purpose

5. Conditions Precedent: Conditions that must be satisfied before the financing becomes available

6. Profit Rate and Payments: Sharia-compliant profit rate calculation method and payment schedule

7. Security: Details of any security or collateral provided

8. Representations and Warranties: Statements of fact and assurances given by the finance recipient

9. Undertakings: Positive and negative obligations of the finance recipient

10. Events of Default: Circumstances that would constitute a default and consequences

11. Sharia Compliance: Specific provisions ensuring compliance with Islamic finance principles

12. Notices: Communication requirements and contact details

13. Governing Law and Jurisdiction: Confirmation of Saudi law governance and jurisdiction

14. Execution: Signature blocks and execution formalities

What sections are optional to include in a Finance Agreement?

1. Islamic Insurance (Takaful): Required when insurance of assets is part of the agreement

2. Agency Provisions: Used when an agent is appointed to manage the facility

3. Security Agent: Needed for syndicated facilities with multiple finance providers

4. Assignment and Transfer: Include when rights to assign or transfer the facility are required

5. Late Payment Charges: Sharia-compliant provisions for delayed payments (must be charitable)

6. Additional Finance Recipient Obligations: For specific industry or regulatory requirements

7. Tax Provisions: Required when tax implications need specific addressing

8. Currency Provisions: Needed for cross-border or multiple currency facilities

What schedules should be included in a Finance Agreement?

1. Schedule 1 - Facility Details: Detailed breakdown of the facility amount, profit rate, and payment schedule

2. Schedule 2 - Conditions Precedent: List of required documents and conditions

3. Schedule 3 - Form of Drawdown Notice: Template for requesting disbursement of funds

4. Schedule 4 - Security Documents: Forms of security documents and perfection requirements

5. Schedule 5 - Payment Schedule: Detailed amortization or payment schedule

6. Schedule 6 - Sharia Structure: Diagram and explanation of the Islamic finance structure used

7. Appendix A - Required Documents: List of supporting documents required from the finance recipient

8. Appendix B - Form of Compliance Certificate: Template for periodic compliance certification

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Saudi Arabia

Publisher

Genie AI

Document Type

Loan Agreement

Sector

Banking

Cost

Free to use
Relevant legal definitions


























































Clauses









































Relevant Industries

Banking & Financial Services

Islamic Finance

Real Estate & Construction

Manufacturing

Trading & Commerce

Healthcare

Education

Technology

Transportation & Logistics

Energy & Utilities

Telecommunications

Retail & Consumer Goods

Relevant Teams

Legal

Finance

Treasury

Risk Management

Compliance

Islamic Banking

Corporate Banking

Credit

Business Development

Operations

Documentation

Regulatory Affairs

Relevant Roles

Chief Financial Officer

Finance Director

Legal Counsel

Sharia Compliance Officer

Treasury Manager

Credit Risk Manager

Corporate Finance Manager

Investment Manager

Relationship Manager

Compliance Officer

Financial Controller

Business Development Manager

Corporate Banking Head

Islamic Banking Specialist

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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.

find out more

Agreement To Repay Debt

A Sharia-compliant debt repayment agreement under Saudi Arabian law, documenting debt acknowledgment and repayment terms between creditor and debtor.

find out more

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.

find out more

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.

find out more

Simple Mortgage Agreement

A Shariah-compliant mortgage agreement under Saudi Arabian law establishing security interest over real property with associated financing terms and conditions.

find out more

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.

find out more

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.

find out more

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.

find out more

Flexi Finance Loan Agreement

Shariah-compliant flexible financing agreement template for Saudi Arabian jurisdiction, incorporating Islamic banking principles and local regulatory requirements.

find out more

Debt Agreement Contract

A Shariah-compliant debt agreement under Saudi Arabian law establishing terms and conditions for lending arrangements between parties.

find out more

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.

find out more

Deed Of Assumption Of Mortgage Car

A Saudi Arabian legal document facilitating the transfer of vehicle mortgage obligations between parties while ensuring Sharia compliance.

find out more

Loan Novation Agreement

A Saudi Arabian law-governed agreement that transfers loan obligations between parties while ensuring Shariah compliance.

find out more

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.

find out more

Loan Participation Agreement

A Saudi Arabian law-governed agreement establishing rights and obligations in a Sharia-compliant loan participation arrangement between financial institutions.

find out more

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.

find out more

No Loan Agreement

A Sharia-compliant financial agreement under Saudi Arabian law that structures monetary arrangements without traditional lending elements.

find out more

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.

find out more

Securities Lending Agreement

A Saudi Arabian law-governed agreement establishing terms for securities lending transactions, incorporating CMA regulations and Shariah compliance requirements.

find out more

Money Repayment Agreement

A Sharia-compliant agreement under Saudi Arabian law establishing terms for monetary debt repayment between parties.

find out more

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.

find out more

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.

find out more

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.

find out more

Lending Agreement

A Sharia-compliant financing agreement under Saudi Arabian law that establishes terms and conditions for lending between parties.

find out more

Lenders Agreement

A Saudi Arabian law-governed financing agreement establishing Shariah-compliant lending terms and conditions between financial institutions and borrowers.

find out more

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.

find out more

Home Loan Agreement

A Sharia-compliant home financing agreement under Saudi Arabian law, detailing terms, conditions, and security arrangements for property purchase financing.

find out more

Finance Agreement

A Sharia-compliant financing agreement under Saudi Arabian law establishing terms for Islamic financing arrangements and regulatory compliance.

find out more

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.

find out more

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.

find out more

Debt Agreement Letter

A Sharia-compliant Debt Agreement Letter under Saudi Arabian law that documents debt obligations and repayment terms between parties.

find out more

Credit Agreement Contract

A Shariah-compliant credit agreement under Saudi Arabian law establishing terms for credit facilities between lender and borrower.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

Loan Against Rent Agreement

A Saudi Arabian Shariah-compliant agreement facilitating property owner financing secured against rental income streams.

find out more

Credit Agreement Between Two Parties

A Shariah-compliant credit agreement under Saudi Arabian law establishing terms for credit extension between two parties.

find out more

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.

find out more

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.

find out more
See more related templates

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