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 | 5.01% | 5.13% | - | - | 5.01% | 5.13% |
| 3 | 5.14% | 5.26% | - | - | 5.26% | 5.36% |
| 6 | 5.38% | 5.51% | - | - | 5.51% | 5.59% |
| 12 | 6.79% | 7.01% | 7.01% | 7.01% | 7.01% | 7.01% |
| 13 | 6.79% | 7.01% | - | - | 7.01% | 6.99% |
| 18 | 6.79% | 7.01% | - | - | 7.01% | 6.89% |
| 24 | 7.50% | 7.76% | 7.76% | 7.76% | 7.76% | 7.48% |
| 36 | 7.96% | 8.26% | 8.26% | 8.26% | 8.26% | 7.66% |
| 48 | 7.96% | 8.26% | 8.26% | 8.26% | 8.26% | 7.40% |
| 60 | 8.43% | 8.76% | 8.76% | 8.76% | 8.76% | 7.54% |
| Period | Monthly | Annually | Maturity | |||
|---|---|---|---|---|---|---|
| (Months) | Rate | AER | Rate | AER | Rate | AER |
| 1 | 5.01% | 5.13% | - | - | 5.01% | 5.13% |
| 3 | 5.14% | 5.26% | - | - | 5.26% | 5.36% |
| 6 | 5.38% | 5.51% | - | - | 5.51% | 5.59% |
| 12 | 7.26% | 7.51% | 7.51% | 7.51% | 7.51% | 7.51% |
| 13 | 7.26% | 7.51% | - | - | 7.51% | 7.49% |
| 18 | 7.26% | 7.51% | - | - | 7.51% | 7.38% |
| 24 | 7.96% | 8.26% | 8.26% | 8.26% | 8.26% | 7.94% |
| 36 | 8.43% | 8.76% | 8.76% | 8.76% | 8.76% | 8.09% |
| 48 | 8.43% | 8.76% | 8.76% | 8.76% | 8.76% | 7.80% |
| 60 | 8.89% | 9.26% | 9.26% | 9.26% | 9.26% | 7.91% |
| Period | Monthly | Annually | Maturity | |||
|---|---|---|---|---|---|---|
| Months | ||||||
| 1 | 5.01% | 5.13% | - | - | 5.01% | 5.13% |
| 3 | 5.14% | 5.26% | - | - | 5.26% | 5.36% |
| 6 | 5.38% | 5.51% | - | - | 5.51% | 5.59% |
| 12 | 6.79% | 7.01% | 7.01% | 7.01% | 7.01% | 7.01% |
| 13 | 6.79% | 7.01% | - | - | 7.01% | 6.99% |
| 18 | 6.79% | 7.01% | - | - | 7.01% | 6.89% |
| 24 | 7.50% | 7.76% | 7.76% | 7.76% | 7.76% | 7.48% |
| 36 | 7.96% | 8.26% | 8.26% | 8.26% | 8.26% | 7.66% |
| 48 | 7.96% | 8.26% | 8.26% | 8.26% | 8.26% | 7.40% |
| 60 | 8.43% | 8.76% | 8.76% | 8.76% | 8.76% | 7.54% |