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 | 6.53% | 6.73% | - | - | 6.53% | 6.73% |
| 3 | 6.58% | 6.78% | - | - | 6.78% | 6.95% |
| 6 | 6.81% | 7.03% | - | - | 7.03% | 7.15% |
| 12 | 8.21% | 8.53% | 8.53% | 8.53% | 8.53% | 8.53% |
| 13 | 8.21% | 8.53% | - | - | 8.53% | 8.50% |
| 18 | 8.21% | 8.53% | - | - | 8.53% | 8.36% |
| 24 | 8.91% | 9.28% | 9.28% | 9.28% | 9.28% | 8.89% |
| 36 | 9.37% | 9.78% | 9.78% | 9.78% | 9.78% | 8.95% |
| 48 | 9.37% | 9.78% | 9.78% | 9.78% | 9.78% | 8.60% |
| 60 | 9.82% | 10.27% | 10.28% | 10.28% | 10.28% | 8.65% |
| Period | Monthly | Annually | Maturity | |||
|---|---|---|---|---|---|---|
| (Months) | Rate | AER | Rate | AER | Rate | AER |
| 1 | 6.53% | 6.73% | - | - | 6.53% | 6.73% |
| 3 | 6.58% | 6.78% | - | - | 6.78% | 6.95% |
| 6 | 6.81% | 7.03% | - | - | 7.03% | 7.15% |
| 12 | 8.68% | 9.03% | 9.03% | 9.03% | 9.03% | 9.03% |
| 13 | 8.68% | 9.03% | - | - | 9.03% | 9.00% |
| 18 | 8.68% | 9.03% | - | - | 9.03% | 8.84% |
| 24 | 9.37% | 9.78% | 9.78% | 9.78% | 9.78% | 9.34% |
| 36 | 9.82% | 10.27% | 10.28% | 10.28% | 10.28% | 9.37% |
| 48 | 9.82% | 10.27% | 10.28% | 10.28% | 10.28% | 8.99% |
| 60 | 10.28% | 10.78% | 10.78% | 10.78% | 10.78% | 9.01% |
| Period | Monthly | Annually | Maturity | |||
|---|---|---|---|---|---|---|
| Months | ||||||
| 1 | 6.53% | 6.73% | - | - | 6.53% | 6.73% |
| 3 | 6.58% | 6.78% | - | - | 6.78% | 6.95% |
| 6 | 6.81% | 7.03% | - | - | 7.03% | 7.15% |
| 12 | 8.21% | 8.53% | 8.53% | 8.53% | 8.53% | 8.53% |
| 13 | 8.21% | 8.53% | - | - | 8.53% | 8.50% |
| 18 | 8.21% | 8.53% | - | - | 8.53% | 8.36% |
| 24 | 8.91% | 9.28% | 9.28% | 9.28% | 9.28% | 8.89% |
| 36 | 9.37% | 9.78% | 9.78% | 9.78% | 9.78% | 8.95% |
| 48 | 9.37% | 9.78% | 9.78% | 9.78% | 9.78% | 8.60% |
| 60 | 9.82% | 10.27% | 10.28% | 10.28% | 10.28% | 8.65% |