Wakala Pool definition

Wakala Pool means the separate independent pool of the assets and investments constituted by the Bank for the purpose of investing the Investment Amounts. Unless the contrary intention appears:
Wakala Pool means the pool of assets in which the Wakil shall invest the Investment Amounts which may consist of the Wakil’s general treasury pool comprising the funds held and invested by the Wakil from time to time in a manner compliant with the principles of Shari’a.
Wakala Pool means the separate independent pool of the assets and investments constituted by the Bank for the purpose of investing the Investment Amounts.

Examples of Wakala Pool in a sentence

  • The Customer wishes to appoint the Bank to act as his agent and to invest the Customer’s funds in the Wakala Pool on an unrestricted Wakala basis in accordance to the Principles of Sharia and the Bank is willing to accept such appointment on the terms of the Wakala Deposit Form and these Terms & Conditions (which shall be read and construed together and shall together constitute the “Agreement”).

  • The Customer wishes to appoint the Bank to act as his agent and to invest the Customer’s funds in the Wakala Pool on an unrestricted Wakala basis in accordance withthe Principles of Sharia and the Bank is willing to accept such appointment on the terms of the Wakala Deposit Form and these Terms & Conditions for Wakala Deposits (which shall be read and construed together and shalltogether constitute the “Agreement”).

  • However, the prevalence of ABI across the population and its impact on the child’s cognitive, educational, behavioural, societal and socio-emotionaloutcomes, indicate its worthiness of consideration for inclusion in initial training or as an area for CPD.Therefore, although some participants felt that further training on ABI may not be beneficial to their practice, the majority did and areas for training were identified by the participants.

Related to Wakala Pool

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