At LB Al-Salamah, we offer Wakala a Shari’ah-compliant investment model designed based on the trust, transparency, and performance. Under this structure, the investor (the Muwakkil – principal) appoint LB Al-Salamah (the Wakeel – agent) to manage the invested funds in line with Islamic principles.
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Wakala is an Islamic agency agreement in which the Wakeel (agent) is entrusted to act on behalf of the Muwakkil (investor) to undertake Shari’ah-compliant investment activities. The Wakeel executes transactions, negotiates terms, and manages the portfolio based on a pre-agreed mandate.
- Investor provide the funds, and LB Al-Salamah acts as an agent to invest them responibly.
- Investor is entitled to the anticipated profit rate from the investment amount.
- All investments made on behalf of the client, are strictly in accordance with Islamic finance principles, which is overseen by our dedicated Business Unit Professionals.
- The investor defines the investment scope, while the agent operates within those terms ensuring transparency and accountability.
- Riba-Free (Interest-Free).
- Full control over investment guidelines.
- Transparent agency fee structure.
For those seeking a hands-off investment approach with clear expectations, or a Shari’ah-compliant structure managed by professionals, the Wakala Investment is a solution from LB Al-Salamah offers a peace of mind and the potential for returns for both experienced investors and those new to Islamic finance.
