The Auto Finance Agreement serves as the primary legal document for vehicle financing transactions in Saudi Arabia, structured to comply with both Shariah principles and SAMA regulations. This document is essential when a customer seeks financing for vehicle purchase, whether for personal or commercial use. It details the complete financing arrangement, including vehicle specifications, payment terms, profit rates, and all parties' obligations. The agreement must conform to Saudi Arabian Monetary Authority's consumer protection guidelines and incorporate Islamic financing principles, typically through Murabaha or Ijara structures. It's designed to protect both the finance provider's interests and the customer's rights while ensuring transparency in all aspects of the transaction. The document includes mandatory disclosures, insurance requirements, and specific provisions required by Saudi Arabian law.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies the finance company and the customer, including full legal names and contact details
2. Background: Explains the context of the agreement and confirms Shariah compliance of the financing structure
3. Definitions: Defines key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the financed vehicle including make, model, year, and VIN
5. Financing Terms: Details of the financing amount, profit rate, payment schedule, and total cost
6. Payment Obligations: Customer's obligations regarding payments, including method and timing
7. Securities and Guarantees: Details of any security interests, guarantees, or collateral
8. Vehicle Usage and Maintenance: Customer's obligations regarding vehicle care and permitted use
9. Insurance Requirements: Mandatory insurance coverage and related obligations
10. Events of Default: Circumstances constituting default and consequences
11. Early Settlement: Terms and conditions for early repayment
12. Representations and Warranties: Statements of fact by both parties
13. Termination: Conditions and process for agreement termination
14. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution process
1. Co-Signer Provisions: Required when a co-signer or guarantor is involved in the financing
2. Commercial Use: Additional terms when vehicle is for commercial/business use
3. Special Conditions: Any non-standard terms specific to the customer's situation
4. Additional Services: Terms for optional services like extended warranty or maintenance packages
5. Cross-Default: Included when customer has multiple agreements with the finance company
6. Assignment: Terms allowing transfer of rights, typically included for institutional lenders
1. Payment Schedule: Detailed breakdown of all payments including dates and amounts
2. Vehicle Specification: Complete technical specifications and features of the vehicle
3. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
4. Shariah Structure: Detailed explanation of the Islamic financing structure used
5. Key Facts Statement: SAMA-required disclosure of key financial terms and conditions
6. Required Documents: List of documents required from customer throughout agreement term
7. Fees and Charges: Comprehensive list of all applicable fees and charges
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Banking
Automotive
Insurance
Islamic Finance
Consumer Finance
Transportation
Fleet Management
Retail
Relevant Teams
Legal
Finance
Compliance
Credit Risk
Sales
Customer Service
Collections
Islamic Banking
Operations
Underwriting
Business Development
Document Management
Relevant Roles
Finance Manager
Legal Counsel
Shariah Compliance Officer
Credit Risk Manager
Auto Finance Specialist
Commercial Finance Manager
Compliance Officer
Contract Administrator
Sales Manager
Customer Service Manager
Collections Manager
Risk Assessment Officer
Vehicle Finance Underwriter
Islamic Banking Specialist
Business Development Manager
Find the exact document you need
Hire Purchase Agreement For Vehicle
A Sharia-compliant vehicle financing agreement under Saudi Arabian law enabling structured payments for vehicle purchase with defined ownership transfer terms.
find out more
Financial Loan Agreement
Shariah-compliant loan agreement under Saudi Arabian law, documenting Islamic financing terms between lender and borrower.
find out more
Hire Purchase Agreement Motor Vehicle
A Sharia-compliant hire purchase agreement for motor vehicles under Saudi Arabian law, enabling vehicle purchase through structured installment payments.
find out more
Film Equity Investment Agreement
A Shariah-compliant agreement for equity investment in film projects under Saudi Arabian law, establishing terms for capital investment and profit sharing in film production ventures.
find out more
Intercreditor Deed
A Saudi Arabian law-governed agreement establishing rights and priorities between multiple creditors in a financing arrangement, incorporating both Sharia compliance and local regulatory requirements.
find out more
Loan Agreement Between Individual And Company
A Sharia-compliant loan agreement under Saudi Arabian law between a company lender and individual borrower, incorporating Islamic finance principles and local regulatory requirements.
find out more
Co Borrower Loan Agreement
A Saudi Arabian law-governed Islamic finance agreement establishing joint liability between multiple borrowers for a Sharia-compliant loan facility.
find out more
Trade Finance Agreement
A Saudi Arabian law-governed agreement establishing trade finance facilities between financial institutions and customers, incorporating both conventional and Islamic finance principles.
find out more
Short Term Loan Agreement
A Shariah-compliant short-term loan agreement under Saudi Arabian law, facilitating temporary financing needs while adhering to Islamic banking principles and local regulations.
find out more
Real Estate Loan Agreement
A Sharia-compliant real estate financing agreement under Saudi Arabian law, establishing terms for property financing while adhering to Islamic banking principles and SAMA regulations.
find out more
Person To Person Loan Agreement
A Sharia-compliant personal loan agreement between individuals under Saudi Arabian law, documenting interest-free lending terms and conditions.
find out more
Master Loan Agreement
A Sharia-compliant framework agreement under Saudi Arabian law governing multiple financing facilities between lender and borrower.
find out more
Loan Payback Agreement
A Sharia-compliant loan repayment agreement under Saudi Arabian law that outlines terms and conditions for loan repayment while ensuring compliance with Islamic banking principles.
find out more
Financing Contract Agreement
A Sharia-compliant financing agreement under Saudi Arabian law, documenting lending arrangements between financial institutions and borrowers while ensuring compliance with Islamic finance principles.
find out more
Financial Agreement Between Two Parties
Sharia-compliant financial agreement template for two-party transactions under Saudi Arabian law, incorporating essential financial terms and regulatory compliance requirements.
find out more
Equipment Lease Agreement With Option To Purchase
A Saudi Arabian law-governed agreement for equipment leasing with purchase option, compliant with Shariah principles and local commercial regulations.
find out more
Debt Agreement Loans
A Sharia-compliant loan agreement under Saudi Arabian law establishing terms for lending arrangements, including profit-sharing mechanisms and security provisions.
find out more
Contract For Car Payments
A Sharia-compliant vehicle financing agreement under Saudi Arabian law establishing payment terms and conditions between the financial institution and the vehicle purchaser.
find out more
Car Loan Agreement Between Family
A Sharia-compliant car loan agreement for use between family members in Saudi Arabia, incorporating both Islamic financial principles and Saudi civil law requirements.
find out more
Car Finance Contract
A Shariah-compliant vehicle financing agreement under Saudi Arabian law, establishing terms between a finance company and customer for vehicle purchase financing.
find out more
Business To Business Loan Agreement
A Shariah-compliant B2B loan agreement under Saudi Arabian law, structured to meet both Islamic finance principles and commercial requirements.
find out more
Business Loan Contract
A Sharia-compliant business loan agreement under Saudi Arabian law, facilitating commercial financing while ensuring compliance with Islamic finance principles.
find out more
Auto Finance Contract
Saudi Arabian-governed Islamic-compliant vehicle financing agreement that establishes terms and conditions for auto financing while meeting SAMA and Shariah requirements.
find out more
Auto Finance Agreement
A Shariah-compliant vehicle financing agreement under Saudi Arabian law, structured to meet SAMA requirements and Islamic finance principles.
find out more
Vehicle Loan Agreement
Saudi Arabian-compliant vehicle financing agreement template incorporating Islamic finance principles and SAMA regulations for vehicle purchase financing.
find out more
Car Loan Security Agreement
A Shariah-compliant security agreement for vehicle financing in Saudi Arabia, establishing lender's security interest and borrower's obligations under Saudi law.
find out more
Floor Plan Financing Agreement
A Saudi Arabian law-governed, Shariah-compliant agreement for inventory financing between financial institutions and dealers, using inventory as collateral.
find out more
Line Of Credit Loan Agreement
A Sharia-compliant Line of Credit Loan Agreement under Saudi Arabian law establishing a revolving credit facility between an Islamic bank and borrower.
find out more
Jewelry Loan Agreement
A Sharia-compliant agreement governing the temporary loan of jewelry items in Saudi Arabia, detailing terms, conditions, and obligations of all parties involved.
find out more
Loan Agreement Between Friends
A Sharia-compliant loan agreement for use between friends in Saudi Arabia, providing a legal framework for interest-free personal lending while maintaining friendly relations.
find out more
Factoring Receivables Agreement
A Shariah-compliant agreement under Saudi Arabian law governing the sale of accounts receivable to a financial institution for immediate working capital financing.
find out more
Vendor Finance Contract
A Sharia-compliant vendor financing agreement under Saudi Arabian law, structuring the financing of goods or equipment with comprehensive payment and security terms.
find out more
Car Loan Promissory Note
A Shariah-compliant promissory note for vehicle financing in Saudi Arabia, documenting the borrower's obligation to repay the vehicle financing amount under Saudi law.
find out more
Business Finance Agreement
A Shariah-compliant business financing agreement under Saudi Arabian law, establishing terms and conditions for commercial funding arrangements.
find out more
Vehicle Purchase Agreement With Monthly Payments
A Saudi Arabian law-governed agreement for vehicle purchase with monthly installment payments, detailing sale terms, payment schedule, and ownership transfer conditions.
find out more
Subsidiary Loan Agreement
A Sharia-compliant loan agreement between a parent company and its subsidiary under Saudi Arabian law, establishing terms for financing and repayment.
find out more
Funding Term Sheet
A preliminary agreement outlining key investment terms and conditions under Saudi Arabian law, serving as the basis for final investment documentation.
find out more
Inventory Financing Agreement
A Sharia-compliant inventory financing agreement under Saudi Arabian law, enabling businesses to secure financing using their inventory as collateral.
find out more
Accounts Receivable Financing Agreement
A Saudi Arabian law-governed, Shariah-compliant agreement for financing business receivables through purchase arrangements.
find out more
Partnership Loan Agreement
A Sharia-compliant partnership loan agreement under Saudi Arabian law that establishes terms for partnership-based financing while ensuring compliance with Islamic finance principles.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)