Wakala Fee definition

Wakala Fee means a fee to be paid by Muwakkil to Wakil for service rendered hereunder, as agreed between the parties on a case by case basis.
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Wakala Fee means a fee to be paid by Muwakkil to Wakil for the services rendered hereunder, as set out in Schedule 1 hereof.
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Wakala Fee means a fee to be paid by Muwakkil to Wakil for service rendered hereunder, as agreed
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Examples of Wakala Fee in a sentence

  • This account is credited by the Contributions paid by the Policyholders and returns of their investments and debited by claims, reinsurance Contributions, the necessary provisions and reserves and the Wakala Fee.

  • The Performance fee shall be taken by the Wakeel solely in circumstances where the Actual Wakala Profit is in excess of the Anticipated Investment Return plus the Wakala Fee.

  • The Performance fee shall be taken by the Muwakkil solely in circumstances where the Actual Investment Return is in excess of the Anticipated Investment Return plus the Wakala Fee.

  • This account is credited by the contributions paid by the Policyholders and returns of their investments and debited by claims, reinsurance Contributions, the necessary provisions and reserves and the Wakala Fee.


More Definitions of Wakala Fee

Wakala Fee means the Wakala Fee deducted by the Company from the Contributions that is defined in the Schedule, which is subject to change by the Company at the commencement of each new fiscal year, as will be published in the Company’s branches.
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Related to Wakala Fee

  • Tipping Fee ’ means a fee or support price determined by the local authorities or any state agency authorised by the State government to be paid to the concessionaire or operator of waste processing facility or for disposal of residual solid waste at the landfill ;

  • Pupil fee means a fee, deposit or other charge imposed on pupils, or a pupil’s parents or guardians, in violation of Section 49011 of the Education Code and Section 5 of Article IX of the California Constitution, which require educational activities to be provided free of charge to all pupils without regard to their families’ ability or willingness to pay fees or request special waivers, as provided for in Hartzell v. Connell (1984) 35 Cal.3d 899. A pupil fee includes, but is not limited to, all of the following: