-
FHM evaluate the credit worthiness of client/investor
-
Assign revolving funded credit limit to the client through Master Murabaha agreement.
-
Client will request the FHM to purchase the script through its broker/investment agent
-
Client will deposit its agreed margin at the time of purchase of script to the broker /investment agent
-
Client will buy the script as an agent of FHM through the broker /investment agent.
-
After settlement and offer & acceptance from the client the share are sold to client at pre-determined agreed price on deferred payment basis at cost plus profit and signed Murabaha transaction documents.
-
Broker will transfer the shares to CDC in the client account along with Lien Mark instruction from FHM or FHM account with CDC. This also applicable on Margin shares
-
The sale proceed will be paid by client on at lump sum or in installment and FHM will release the script after realization of proceeds.
-
If the client is unable to settle the deferred payment timely, then client will contribute in charity through FHM.
-
FHM will maintain margin requirement on daily basis. If margin is decline the client will have to deposit the differential immediately on 1st call of FHM otherwise in case, the client is unable to meet margin call obligation the FHM has right to sell the script at market price immediately without referring to the client.
-
Client is authorized to sell the shares at any time, subject to settlement of full Morabaha Price
