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At LB Al-Salamah, we proudly offer Wakala Finance, a Shari’ah-compliant financing solution that operates on the basis of agency and trust. In this structure, LB Al-Salamah (the Muwakkil) entrust the client (the Wakeel) to manage the funds and execute investments on behalf of LB Al-Salamah, in full compliance with Islamic principles.
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- The Muwakkil provides the capital, the Wakeel manages it within an agreed investment plan.
- The investor is entitled to receive a anticipated profit return from the investment.
- Every transaction is vetted by our dedicated Business Unit Professionals, ensuring all dealings are free from Riba (interest), Gharar (uncertainty), and prohibited elements.
- The Wakeel is authorized to manage and execute all aspects of business activities, ensuring transparency and Shari’ah compliance throughout.
Wakala is an Islamic financial contract where the principal (Muwakkil) appoints an agent (Wakeel) to conduct Shari’ah-compliant investment or business transactions on their behalf. The Wakeel acts under a clearly defined declaration, ensuring transparency and alignment with investors financial goals.
- Ethical, Shari’ah-compliant financing structure.
- ransparent process on all the transactions.
- Ideal for Corporates, SME & MSME seeking ethical working capital solutions.
LB Al-Salamah’s Wakala Finance empowers clients by investing capital into their businesses under Shari’ah-compliant principles offering ethical growth opportunities for corporates, SME’s, and MSME’s.
