Wakala Pool definition

Wakala Pool means the separate independent pool of the assets and investments constituted by the Bank for the purpose of investing the Investment Amounts.
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Wakala Pool means the pool of assets in which the Wakil shall invest the Investment Amounts which may consist of the Wakil’s general treasury pool comprising the funds held and invested by the Wakil from time to time in a manner compliant with the principles of Shari’a.
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Examples of Wakala Pool in a sentence

  • The Muwakkil acting in its capacity as principal wishes to appoint the Wakil to act as agent of the Muwakkil with respect to the investment of the Muwakkil's funds in Islamically acceptable transactions through and as part of the Wakala Pool.

Related to Wakala Pool

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