Under a Wakala (agency) agreement, the client is known as muwakkil (principal). The client appoints the financier as its wakil (agent) to invest the investment funds.
ICD (Islamic Certificates of Deposit)
Hawl
Mutaqabbil
Al-qanun
Al-muwasalah
Al-bai‘ li-’ajal
Al-musaqah
Al-mal al-kathir
Wasiyyah
Bai‘ al-muhaqalah