Book traversal links for نموذج 1 (العقار مملوك لشركة التمويل)
Form 1 (Property Owned by the Financing Company)
No: 391000070455 | Date(g): 6/3/2018 | Date(h): 19/6/1439 | Status: In-Force |
Translated Document
To His Excellency, the Chief Notary of ............... May Allah protect him
Peace be upon you, and the mercy and blessings of Allah, To proceed:
We inform you that the bank/company: ........................, under Commercial Register No. ............................... dated / / 14 H, owns the property according to the deed issued by your office No. ............ dated / / 14 H. We seek your approval to transfer ownership of the aforementioned property to Mr./Ms. ................... of Saudi nationality, under Civil Registration No. ....................... on the condition that the property is mortgaged to the finance company/bank ................ as collateral for an outstanding amount of .................. SAR (amount in words) under Financing Contract No. .......... dated / / 14 H, approved by the Sharia Board of the financing company/bank under No. .................. dated / / 14 H. Please note that the Sharia Board's approval is still valid and has not been amended or revoked. The execution of this contract, which establishes the debtor's liability, has been or will be carried out according to the Sharia Board's decisions. The debt will be repaid in .......... monthly installments, each amounting to ............... SAR (amount in words), payable on the ............ of each Hijri/Gregorian month, starting from / / 14 H. In case of non-payment, the property will be sold in accordance with the Enforcement Law.
Therefore, we kindly request that you document the mortgage. May Allah protect and care for you ،،،
Representative of the Finance Company / Bank