62 Islamic Finance in Practice
accordance with the Agreement, through an offer letter and acceptance
of the offer in such offer letter.
(c) The deferred sale price plus profit calculated by us shall be payable by
you to us in instalments as setout in the transaction request._______________________SIGNED by [NAME]
duly authorized to signfor and on behalf of
[Islamic financial institution]Schedule 3: Form of offer letter and
acceptance
From: [the customer]
To: [the Islamic financial institution]
Date: [____________]Murabaha agreement dated [•] (the Agreement)
Terms defined in the Agreement have the same meaning when used in this
document. This is an offer letter.Confirmation
We refer to the Agreement and the transaction request dated [•] and the
transaction approval dated [•].
We hereby certify and confirm to you that we have contracted as your
undisclosed agent, and purchased and taken possession (physical and
constructive) of the goods referred to in the transaction request from the
seller in the manner contemplated by the transaction request for a cost price
of [•].Offer
We now hereby offer to buy the goodsfrom you on the following terms:(a) Transaction date: [_________]
(b) Quantity and type of goods: [___________]
(c) Cost price (per unit goods): US$[_______]
(d) Cost price: US$[_______]
(e) Profit: US$[________]