En
Wakala refers to a contract where an investor authorizes an entrepreneur (Al-Falaah) to do certain financial transactions on his/her behalf. It is a contract of agency where Al-Falaah will act as an agent of the investor, while charging a fixed management fee (Wakala Fee). The profit of the Wakala will be shared according to a mutually pre-agreed profit rate. If the agent succeeds in generating a surplus (higher than agreed profit rate), he/she may retain it as agreed on the Wakala Agreement. Benefits at a glance: Higher profits, Highest Safety and Security Long term financial planning.
Wakala Investments, while providing an alternative to fixed or term deposit methodology, gives the investor a path to plan out investment returns and financial security.
| Period | Monthly | Annually | Maturity | |||
|---|---|---|---|---|---|---|
| Months | ||||||
| 1 | 4.11% | 4.19% | - | - | 4.11% | 4.19% |
| 3 | 4.28% | 4.36% | - | - | 4.36% | 4.43% |
| 6 | 4.52% | 4.61% | - | - | 4.61% | 4.66% |
| 12 | 6.42% | 6.61% | 6.61% | 6.61% | 6.61% | 6.61% |
| 13 | 6.42% | 6.61% | - | - | 6.61% | 6.59% |
| 18 | 6.42% | 6.61% | - | - | 6.61% | 6.51% |
| 24 | 7.36% | 7.61% | 7.61% | 7.61% | 7.61% | 7.34% |
| 36 | 8.06% | 8.36% | 8.36% | 8.36% | 8.36% | 7.74% |
| 48 | 8.06% | 8.36% | 8.36% | 8.36% | 8.36% | 7.48% |
| 60 | 8.52% | 8.86% | 8.86% | 8.86% | 8.86% | 7.61% |
| Period | Monthly | Annually | Maturity | |||
|---|---|---|---|---|---|---|
| (Months) | Rate | AER | Rate | AER | Rate | AER |
| 1 | 4.11% | 4.19% | - | - | 4.11% | 4.19% |
| 3 | 4.28% | 4.36% | - | - | 4.36% | 4.43% |
| 6 | 4.52% | 4.61% | - | - | 4.61% | 4.66% |
| 12 | 6.89% | 7.11% | 7.11% | 7.11% | 7.11% | 7.11% |
| 13 | 6.89% | 7.11% | - | - | 7.11% | 7.09% |
| 18 | 6.89% | 7.11% | - | - | 7.11% | 6.99% |
| 24 | 7.82% | 8.11% | 8.11% | 8.11% | 8.11% | 7.81% |
| 36 | 8.52% | 8.86% | 8.86% | 8.86% | 8.86% | 8.17% |
| 48 | 8.52% | 8.86% | 8.86% | 8.86% | 8.86% | 7.88% |
| 60 | 8.98% | 9.36% | 9.36% | 9.36% | 9.36% | 7.98% |
| Period | Monthly | Annually | Maturity | |||
|---|---|---|---|---|---|---|
| Months | ||||||
| 1 | 4.11% | 4.19% | - | - | 4.11% | 4.19% |
| 3 | 4.28% | 4.36% | - | - | 4.36% | 4.43% |
| 6 | 4.52% | 4.61% | - | - | 4.61% | 4.66% |
| 12 | 6.42% | 6.61% | 6.61% | 6.61% | 6.61% | 6.61% |
| 13 | 6.42% | 6.61% | - | - | 6.61% | 6.59% |
| 18 | 6.42% | 6.61% | - | - | 6.61% | 6.51% |
| 24 | 7.36% | 7.61% | 7.61% | 7.61% | 7.61% | 7.34% |
| 36 | 8.06% | 8.36% | 8.36% | 8.36% | 8.36% | 7.74% |
| 48 | 8.06% | 8.36% | 8.36% | 8.36% | 8.36% | 7.48% |
| 60 | 8.52% | 8.86% | 8.86% | 8.86% | 8.86% | 7.61% |