• Islamic Finance

  • Mudharabah

  • Ijarah

  • Murabaha

  • Diminishing Musharakah

  • Wakala


Wakala (Business and Working Capital Finance) is constitute a contract where the Principle would be IBD of CLC (Fund Provider/Investor) who would then appoint the Client as the Agent (Entrepreneur) for the Investment. Under such investment contract, the entrepreneur is authorized to manage the investor’s funds by investing in Shari’ah Compliant business activities and remunerate profits under agreed terms to the Investor for a fixed management fee (Wakala Fee). Profit of the Wakala will be paid according to mutually pre-agreed profit rate. If the agent managed to conclude a surplus (higher than agreed profit rate), he may retain it as an incentive as agreed with him in the Wakala agreement. This is ideally suited for:

  • Short term Business and Working Capital Finance.

Wakala Investments (Fixed Term Investments): constitutes a contract concluded between an Investor (Fund Provider or Depositor) as the Principal and an Entrepreneur (Fund manager or IBD of CLC) as the Agent for the Investor.

Under such investment contract, IBD of CLC is authorized to manage the investor’s funds by investing in Shari’ah compliant business activities and remunerate profits under agreed terms to the Investor for a fixed management fee (Wakala Fee).

Profit of the Wakala will be paid according to a mutually pre-agreed profit rate. If the agent managed to conclude a surplus (higher than agreed profit rate), he may retain it as an incentive as agreed on the Wakala Agreement.

Wakala is offered for corporate fixed term investments.

    Prevailing Profit Rates Available For Wakala Investment:

Period Monthly Annually Maturity
Months Profit Rate Profit Rate Profit Rate
1 6.50% N/A 6.50%
3 6.75% N/A 7.00%
6 6.85% N/A 7.50%
12 7.00% N/A 8.00%
24 7.75% 8.50% 8.75%
36 8.50% 9.25% 9.50%
48 8.75% 9.50% 9.75%
60 9.50% 9.75% 10.50%

Note:Minimum investment value for Wakala – Rs. 50Mn onwards.