A Sharia-compliant investment account where the bank acts as an agent (Wakil) to invest funds on behalf of the business, aiming for an agreed-upon profit rate.
Features
Agreed Profit Rate:
Expected profit rate determined at the outset.
Flexible Tenures:
Investment periods tailored to business needs.
Sharia Compliance:
Investments made in accordance with Islamic principles.
Benefits
Requirements:
Benefits
Ethical Investment: Aligns with Sharia law, appealing to businesses seeking ethical investment options.
Potential for Higher Returns: Opportunity to earn competitive profits.
SProfessional Management: Funds managed by experienced investment professionals.
Requirements:
Minimum Investment Amount: As per bank’s policy.
Wakala Agreement: Formal contract appointing the bank as the investment agent.
Business Credentials: Standard business registration and identification documents.
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