Agency (Wakalah) Finance
This product is designed to suit clients who want to earn periodic and stable returns on their investment. Under the Agency (Wakalah) arrangement, the Bank acts as an Investment Agent to invest customer’s funds in an ethical manner in specific business venture to be agreed with the customer. The Bank will indicate the expected profit rate to the customer on the agreed period for the investment. The Bank shall be entitled to charge a fee/commission (Ujrah) for its Investment Agency services.