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Agency Cost

The incremental cost which is paid by a principal to an agent who is supposed to make decisions, manage affairs...

Letter of Credit

A modern application of guaranties that constitutes a guaranty issued by a bank on behalf of a local merchant, securing…

Binding Agency

An agency contract (aqd al-wakalah) that is binding on either party or both (wakalah mulzimah). While agency is essentially not...

Agency Bond

A debt security, usually a bond, that issued by a government-sponsored agency (government-sponsored enterprise, GSE) or federal budget agency (in...

Agency Security

A debt security, usually a bond, that issued by a government-sponsored agency (government-sponsored enterprise, GSE) or federal budget agency (in...

Agency Debt

A debt security, usually a bond, that issued by a government-sponsored agency (government-sponsored enterprise, GSE) or federal budget agency (in...

Agency-Based Contract for Investment

An investment contract that is based on investment agency (wakalatul istithmar/ wakalah bil istithmar) where the investment account holder appoint...

Agency-Based Investment Contract

An Islamic investment contract by virtue of which holders of investment accounts (IAHs) appoint the Islamic bank to undertake the...

Agency Contract

In Islamic finance, agency (wakalah, وكالة in Arabic) is a contract (aqd) between two counterparties: an agent (wakeel) and principal...

Aqd al-Wakala

In Islamic finance, agency (wakala, وكالة in Arabic) is a contract (aqd) between two counterparties: an agent (wakeel) and principal...