This document exists to prove the Buyer became the owner on day one. That single fact is what makes the transaction a sale rather than a loan or a lease, and it is the first thing a court or a Shariah reviewer will look for.
1. Transfer
#For the consideration set out below, the Seller named here sells, transfers, and delivers to the Buyer all right, title, and interest in the vehicle described below, effective on the date of this Bill of Sale.
| Seller | blank |
| Seller address | blank |
| Buyer | blank |
| Buyer address | blank |
| Date of sale | blank |
2. Vehicle
#| Year / Make / Model | blank |
| Vehicle Identification Number | blank |
| Licence plate | blank |
| Odometer reading on this date | blank miles |
| Title status | Clean / Salvage / Rebuilt / Other: blank |
3. Consideration
#| Total Sale Price | $blank |
| Down payment received on this date | $blank |
| Balance payable in installments under the Sale Agreement | $blank |
| Sale Agreement dated | blank |
The balance is payable under the Murabaha Vehicle Sale and Installment Payment Agreement between the Parties of the same date. This Bill of Sale evidences the transfer of ownership; it does not alter the payment terms of that Agreement.
4. Ownership and lien
#- The Buyer is the owner of the Vehicle from the date of this Bill of Sale.
- The Buyer shall be recorded with the California DMV as the registered owner.
- The Seller shall be recorded as legal owner solely as security for the unpaid balance, and shall release that interest on payment in full.
- The Seller retains no right to use, possess, or recover the Vehicle except as expressly provided in the Sale Agreement following an uncured default.
5. Seller warranties
#- The Seller is the lawful owner of the Vehicle and has full authority to sell it.
- The Vehicle is free of any lien, security interest, or claim other than the Seller’s own interest recorded under this transaction.
- The Vehicle is not stolen and the VIN has not been altered.
- All statements in the Vehicle Condition, As-Is and Odometer Disclosure are true to the best of the Seller’s knowledge.
6. Condition
#The Vehicle is sold as-is, without warranty of merchantability or fitness for a particular purpose, subject to the disclosures made in the Vehicle Condition, As-Is and Odometer Disclosure, and subject to any right the Buyer holds under California law that cannot lawfully be waived.
7. Signatures
#Seller signature: blank Date: blank
Print name: blank
Buyer signature: blank Date: blank
Print name: blank
Each Party has received a signed copy of this Bill of Sale.