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Islamic Finance

  Islamic Finance   |   Terms
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  • April 5, 2023
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Ajr al-Wakeel

An Arabic term (أجر الوكيل) that translates as agent’s remuneration. In wakalah/ wakala (agency), and its forms, it is the total amount of compensation an agent (wakeel) receives (or will receive, being a receivable) from the principal (muwakkel) against its efforts and management skills in investing the funds dedicated for the purpose.

Ajr al-wakeel consists of the fixed fee (ujrah thabitah) and/ or variable remuneration (ujrah mutaghayyrah).


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