Common Contracts
1 similar Wakalah Agreement contracts
Sukuk structure pdfWakalah Agreement • May 9th, 2023
This article was originally published on the International Islamic Financial Market, you can read it here > You can also download the PDF report > Wakalah: Requirements Wakalah is akin to the agency relationship under the common law and/or civil jurisprudence. Under a Wakalah, a principal, or Muwakkil, appoints an agent, or Wakil, to act on its behalf for the purpose of completing a specific task. Typically, the Wakalah agreement will include the provisions that deal with: (i) the appointment of the Wakil; (ii) the compensation for the Wakil; (iii) the duties of the Wakil; and (iv) the details of the subject matter of the Wakalah. The terms and conditions of the Wakil should also be clearly outlined in the Wakalah contract, including his duties and what role he will be playing with respect to the subject matter of the Wakalah. The Wakalah contract should state the duration of the Wakalah, the amount of investment (if any), and under what conditions it will terminate. With respect to re
