Debt Agreement
DYN-20260807-0DBBCCFE
يَا أَيُّهَا الَّذِينَ آمَنُوا إِذَا تَدَايَنتُم بِدَيْنٍ إِلَىٰ أَجَلٍ مُّسَمًّى فَاكْتُبُوهُ
“When you contract a debt for a fixed term, write it down.” — Qur’an 2:282
1. The agreement
This agreement is made between [Lender’s full name] (the “Lender”) and [Borrower’s full name] (the “Borrower”) on 7 August 2026 (24 Safar 1448 AH). Both parties intend to create a clear written record of an interest-free personal loan.
2. Principal and delivery
The Lender shall deliver the principal amount stated above on the delivery date. Receipt is not acknowledged until the funds are delivered.
3. Repayment
The Borrower shall repay the full principal of SAR 0.00 no later than — (—), using Bank transfer.
4. Agreed terms
No interest or increase. The Borrower owes only the principal stated in this agreement. No interest, percentage increase, or late-payment increase is promised or due.
Early repayment. The Borrower may repay any part of the outstanding principal early without a fee or penalty.
Hardship and extensions. If genuine hardship prevents timely repayment, the parties should discuss a reasonable extension. Any changed date, waived amount, or other amendment must be recorded in writing and accepted by both parties.
Complete agreement. This document records the parties’ complete agreement about this loan. A change is effective only when recorded in writing and signed or otherwise validly accepted by both parties.
5. Confirmation and signatures
By signing, each party confirms that they read this document, understood it, and voluntarily agreed to its terms. This document remains unsigned until the signature blocks are completed.