Article 4: Financing Contracts and Guarantee Agreements

A Financing Contract or Guarantee Agreement must be in the form of- a written contract document signed by the Borrower or Guarantor and the Creditor; or a written contract document signed by the Creditor and constituting an offer to the Borrower that is accepted in writing by the Borrower. All Financing Contracts, application forms, Guarantee Agreements, repayment schedules, Borrower acknowledgement letter and other documentation related to Consumer Financing must be in Arabic and if the Borrower requests that documentation be prepared in English, the documentation shall be prepared in both languages. The Creditor must provide copies thereof to the Borrower. In the event of a divergence between the Arabic and the English text of any such document, the Arabic text prevails. Each contracting party must receive a copy of the Financing Contract or Guarantee Agreement (as the case may be).