Branch :
Date:
 Application Ref. No.  For Bank use only
  S20X806080  L/C NO.
Dear Sirs,
Kindly issue an Irrevocable Musharaka Letter of Credit by  
(Instructions marked (X) to be followed):
Partners: 1- Bank Al-Jazira .
2- Customer

Shares: Customer % Bank %
Beneficiary:
Amount:      % / - %
In figures:
(In words):
Advising Bank:
Confirmation:                  Confirmation charges are for:  
Date of Expiry: Place of Expiry: Latest date of shipment:
Partial shipment      Transhipment     
Shipment by:               From: To:
The Credit is available by:     days from
                                        days from
Description of goods/services:
Delivery term (latest version):             
Documents Required:
copy(ies) issued by Beneficiary, original to be certified by Chamber of Commerce/CCPIT.
     notify Bank Aljazira and Ourselves, and showing full name and address of the carrying vessel’s agent at port of destination.
          
       
. copy(ies), issued or certified by Chamber of Commerce/CCPIT, stating that goods are solely and  
     exclusively of origin.
. copy(ies).              . copy(ies).
     Saudi Arabia to the order of Bank Aljazira irrespective of percentage, covering Institute Cargo clauses A (All risks), War clauses, SRCC, and TPND from Beneficiary
    warehouse to Applicant warehouse.  
days after shipment/delivery date, and within L/C validity.
     AL expenses and charges related to this LC (other than LC opening bank charges ) are for                   
We hereby confirm that the above goods details have been filled, completed and approved by us and the described goods are of the same as specified in the Musharaka contract.  We understand that any of the partner will purchase the said goods according to the specifications and conditions stated above. We are willing to buy the Bank’s share of goods on Murabaha basis.   بهذا نقر بأن مواصفات السلعة/البضاعة أعلاه قد استوفيت بمعرفتنا وأن المعلومات المدونه بعاليه تطابق مواصفات السلعة/البضاعة محل المشاركة, وسنقوم نيابة عن الشركاء بشراء السلعة/البضاعة حسب الشروط المحددة في اتفاقية المشاركة الموقعة بيننا ونحن على استعداد لشراء حصة البنك بسعر التكلفة زائدا الربح المتفق عليه في اتفاقية المشاركة.
Name of the customer: Signature(s) & Official Stamp
A/C Number --