agreement

29 Jun 21

Is it permissible to use master agreements?

Question: Is it permissible to use master agreements? In the Name of Allah, the Most Gracious, the Most Merciful. As-salamu ‘alaykum wa-rahmatullahi wa-barakatuh. The Answer: Using master agreements as a reference for any future transaction is permissible on condition that the offer (‘ījāb) and acceptance (Qabūl) are exchanged at a future date when the parties […]
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29 Mar 21

Shariah Dynamics of SAFE Agreements

Summary: We believe that generic SAFE agreements have a level of Gharar (uncertainty) and ambiguity in terms of the treatment of the investment for Shariah compliance. A SAFE can be easily tweaked for Shariah compliance and should be tweaked to ensure Shariah compliance. The first major objection is ownership; a SAFE can potentially be developed […]
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