An agency in which remuneration (ajr or iwadh) is explicitly stipulated and specified in the agency contract (aqd al-wakalah/ aqd al-wikalah) or is implicitly taken for granted based on customary practices (urf) as when the agent provides his services for commission/ fees in return. If remuneration is not specified in the contract (aqd), prevailing market rate may be used for comparable services.
This form of agency is subject to the shari’ah rulings on leasing (ijarah).
