AAOIFI Shariah Standards
Al-Wakalah Bi Al-Istithmar (Investment Agency): Scope & Shariah Ruling
This Standard covers Investment Agency in various fields, or parts thereof, and the powers and responsibilities of the principal and the investment agent. It does not cover Agency in general or the acts of Uncommissioned Agent (Fodooli) as they are covered by Shari’ah Standard No. (23) on Agency and the Acts of an Uncommissioned Agent (Fodooli).
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