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Islamic Finance

  Islamic Finance   |   Terms
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  • January 8, 2022
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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 the Islamic financial institution (e.g., Islamic banks) as agent (wakil) for investing their funds for a specified fee in addition to a share of profit if returns exceed a minimum level, the latter being an incentive for the agent to achieve a return higher than expected or normal market benchmarks.


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