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 | 4.88% | 4.99% | - | - | 4.88% | 4.99% |
| 3 | 5.01% | 5.13% | - | - | 5.13% | 5.23% |
| 6 | 5.25% | 5.38% | - | - | 5.38% | 5.45% |
| 12 | 6.67% | 6.88% | 6.88% | 6.88% | 6.88% | 6.88% |
| 13 | 6.67% | 6.88% | - | - | 6.88% | 6.86% |
| 18 | 6.67% | 6.88% | - | - | 6.88% | 6.77% |
| 24 | 7.38% | 7.63% | 7.63% | 7.63% | 7.63% | 7.36% |
| 36 | 7.84% | 8.13% | 8.13% | 8.13% | 8.13% | 7.55% |
| 48 | 7.84% | 8.13% | 8.13% | 8.13% | 8.13% | 7.29% |
| 60 | 8.31% | 8.63% | 8.63% | 8.63% | 8.63% | 7.44% |
| Period | Monthly | Annually | Maturity | |||
|---|---|---|---|---|---|---|
| (Months) | Rate | AER | Rate | AER | Rate | AER |
| 1 | 4.88% | 4.99% | - | - | 4.88% | 4.99% |
| 3 | 5.01% | 5.13% | - | - | 5.13% | 5.23% |
| 6 | 5.25% | 5.38% | - | - | 5.38% | 5.45% |
| 12 | 7.14% | 7.38% | 7.38% | 7.38% | 7.38% | 7.38% |
| 13 | 7.14% | 7.38% | - | - | 7.38% | 7.36% |
| 18 | 7.14% | 7.38% | - | - | 7.38% | 7.25% |
| 24 | 7.84% | 8.13% | 8.13% | 8.13% | 8.13% | 7.82% |
| 36 | 8.31% | 8.63% | 8.63% | 8.63% | 8.63% | 7.98% |
| 48 | 8.31% | 8.63% | 8.63% | 8.63% | 8.63% | 7.70% |
| 60 | 8.77% | 9.13% | 9.13% | 9.13% | 9.13% | 7.81% |
| Period | Monthly | Annually | Maturity | |||
|---|---|---|---|---|---|---|
| Months | ||||||
| 1 | 4.88% | 4.99% | - | - | 4.88% | 4.99% |
| 3 | 5.01% | 5.13% | - | - | 5.13% | 5.23% |
| 6 | 5.25% | 5.38% | - | - | 5.38% | 5.45% |
| 12 | 6.67% | 6.88% | 6.88% | 6.88% | 6.88% | 6.88% |
| 13 | 6.67% | 6.88% | - | - | 6.88% | 6.86% |
| 18 | 6.67% | 6.88% | - | - | 6.88% | 6.77% |
| 24 | 7.38% | 7.63% | 7.63% | 7.63% | 7.63% | 7.36% |
| 36 | 7.84% | 8.13% | 8.13% | 8.13% | 8.13% | 7.55% |
| 48 | 7.84% | 8.13% | 8.13% | 8.13% | 8.13% | 7.29% |
| 60 | 8.31% | 8.63% | 8.63% | 8.63% | 8.63% | 7.44% |