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Dubai Islamic Batik Fatwa & Shariah Supervisory Board
6 March 2007
Director
Islamic Banking Department
State Bank of Pakistan
LL Chundrigar Road
Karachi
Re: DIBPL Auto Finance Product,
T have reviewed and corrected at various stages the structure and the following
documents for Dubai Islamic Bank Pakistan Limited in relation to its Auto Finance
product (based on Shirkat-ul-Milk and Sharia compliant Hara sruoture) and would
like to confirm that they. comply with the principles of Sharia.
‘Undertaking to Lease;
‘Musharaka Agreement;
Title Agency Agreement;
Lease Agreement;
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Service Agency Agreement;
Purchase Undertaking; and
Sale Undertaking.
May Allah Almighty guide us to the right path,
Dr. Hussain Hamed Hassan
Sharia Advisor
APPROVED
6 MAR 2007
by Dr. Hussain
0 x 886 Oba, Una Ab Ema
Tu. 697 $2598 Pex 9971 4 7062308
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