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Agency Contract

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

Aqd al-Wakalah

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

Wakalah Mutlaqah

Arabic (وكالة مطلقة) for unrestricted wakalah/ unrestricted agency; an agency contract (aqd al-wakalah) in which the principal (muwakkel) does not...

RIA

It stands for restricted investment account; an Islamic investment account which is subject to certain restrictions imposed by the account...

Restricted Investment Account

An Islamic investment account which is subject to certain restrictions imposed by the account holder with respect to the purpose,...

Restricted Wakalah

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

Wakalah bil Ajr

Arabic (وكالة بالأجر) for paid agency; a wakalah in which remuneration (ajr or iwadh) is explicitly stipulated and specified in...

Ba’i al-Fuduli

The uncommissioned agent or al-fodhouli (also spelled al-fodooli/ al-fuduli) is a person who intervenes or interferes in others' affairs without...

Unrestricted Wakalah

An agency contract (aqd al-wakalah) in which the principal (muwakkel) does not place any restrictions on the acts or discretion...

Al-Fadhalah Contract

In Islamic fiqh, fadhalah (or fadalah) refers to the act(s) of al-fodhouli (al-fuduli), i.e., a person (natural or legal) who transacts (e.g. sells, rents, etc)...