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Islamic Banking Sell and Buy Back Agreement

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Islamic Banking Sell and Buy Back Agreement
PART A: 1. 2. 3. 4. 5.

OVERVIEW ......................................................................................................1

FOREWORD.............................................................................................................1 Purpose.....................................................................................................................1 Coverage ..................................................................................................................1 Definition ..................................................................................................................2 Interpretation...........................................................................................................3 POLICY REQUIREMENTS............................................................................5

PART B: 6. 7. 8. 9.

Mechanics on SBBA..............................................................................................5 Parties .......................................................................................................................7 Permitted Securities..............................................................................................7 Tenure .......................................................................................................................8

10. Minimum Value of Transaction...........................................................................8 11. Computation of Proceeds....................................................................................8 12. Settlement Procedures .........................................................................................9 13. Accounting Treatment ..........................................................................................9 14. Unexpected Holiday ..............................................................................................9 15. Pre mature of promise
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