Standard Hire Purchase Agreement Template for United Arab Emirates

1. Islamic Finance Compliance: Required when the agreement needs to comply with Sharia principles, including specific terminology and structure

2. Security Provisions: Required for high-value assets or when additional security is needed beyond the asset itself

3. Registration Requirements: Needed for assets requiring government registration (e.g., vehicles)

4. Third Party Rights: Required when there are guarantors or other third parties involved in the transaction

5. Early Payment Provisions: Optional terms for early settlement and any applicable rebates

6. Asset Usage Restrictions: Required for specific assets with usage limitations or specific requirements

1. Schedule 1 - Asset Details: Detailed technical specifications and condition report of the asset

2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including dates, amounts, and profit/interest calculations

3. Schedule 3 - Insurance Requirements: Specific insurance requirements including types of coverage and minimum amounts

4. Schedule 4 - Delivery and Acceptance Form: Form to be completed upon delivery confirming the condition and acceptance of the asset

5. Schedule 5 - Maintenance Requirements: Detailed maintenance schedule and requirements for the asset

6. Appendix A - Required Documents: List of documents required from the purchaser (ID, licenses, etc.)