Sale & Buy Back Agreement

 

Features

  • It is an Islamic Repurchase Agreement between 2 parties (seller and buyer) with a promise to sell and buy back pledged securities on a specific future date at an agreed price;
  • The tenor must not exceed 1 year;
  • The respective parties must enter into 2 separate agreements;
  • It is traded on price basis and ownership of the securities shall be transferred from the seller to the buyer.
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