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.
Bait mal al-muslimin
Bai al-tawliyah
Mudarib
Mortgage & financing Takaful
Al-qana‘ah
Hisbah
Hawl
Ghish
Dukhul fil ard
Al-‘ushr