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.
- 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.
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.
