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Wakala Sukuk

Arabic (صكوك الوكالة) for agency certificates; a type of sukuk (pl. of sakk) in which the underlying contract is wakala.…

Restricted Agency

An agency contract (aqd al-wakalah) in which the principal (muwakkel) restricts the acts or discretion of the agent (wakil). For…

Forward Wakalah

An agency contract (aqd al-wakalah) that does commence or comes into effect at a preset, tentative, or foreseen future date.…

Guarantee

An essentially noncommutative contract that is used to secure a commutative contract (such as a sale contract/aqd al-ba’i) or obligations…

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...

Wakalah Muqayyadah

Arabic (وكالة مقيدة) for restricted agency/ restricted wakalah; an agency contract (aqd al-wakalah) that the principal (muwakkel) restricts the acts...

Wakalah Mulzimah

Arabic (وكالة ملزمة) for a wakalah contract (aqd al-wakalah) that is binding on either party or both. While wakalah is...