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DECLARATION FOR EACH MLRABAHA

TRANSACTION
Dale:
We hereby declare and certify that acting as
your agent we have used the sum of

Rs
(Rupees
___________ only) paid
to us by you for the purchase of the Assets on
your behalf details whereof are set out in the
schedule of Assets appearing in the annexurc to

this Appendix 'C and7 or contained in invoices
hereto on your behalf: and we hereby certify
that the assets procured on your behalf, as your
agent, have not been consumed at the time of
signing of this declaration and will only be
consumed/ resold after the purchase from the
bank.
Now, we offer to purchase the above Assets
from you for a price of Rs
(Rupees only). We

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undertake to pay the Contract Price referred to
above as per the Master Murabaha Facility
Agreement dated
between us on the Payment Dates specified in
the Payment Schedule appearing in Appendix
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Date:
We accept your offer and we sell the
above-mentioned Assets to you for
Rs
(Rupees only) which
shall be payable as per the terms of the Master
Murabaha Facility Agreement between us
dated in accordance
with the Payment Schedule appearing in
Appendix ’E' hereto, and we have confirmed
that the said assets are available with the client
and have not been consumed/ resold at the time
of signing of this acceptance.
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3.4 Hie Bank shall share in the profit on the
basis of a predetermined percentage of the

gross income of the Business (the "Management
Share"). The Gross Income of the Business is
defined as all income of the Business minus all
direct costs and expenses incurred in deriving
that income.

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21 CHARGES AND EXPENSES

21.1 The Bank may, without any further
express authorization from the Customer,

debit anv account of the customer maintained
with the Bank for:
(i) All expenses, fees, commissions, taxes,

duties or other charges and losses incurred,
suffered or sustained by the Bank in
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The amount of any or all losses, claims,
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198. (2) The directors of every company
shall as from the date from which it
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later titan the fifteenth day after the date of
its incorporation, whichever is earlier,
appoint any individual to be the chief
executive of the company.
(3) The chief executive apponited as
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200. (2) The chief executive shall, if he
not already a director of the company, be
deemed to be its director and be entitled to
all the rights and privileges, and subject to
all the liabilities, of that office.
(The Companies Ordinance. 1984. p 130)


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194. Liabilties, etc., of directors and

officers.- Save as provided in this section,
any provision, whether contained in the
articles of a company or in any contract
with a company or otherwise, for exempting

any director, chief executive or officer of
the company or any person, whether an
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the company as auditor, from, or
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attach to him in respect of any negligence,
default, breach of duty or breach of trust of

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company, shall be void
(The Companies Ordinance. 1984, pi 24)
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