Wakalah Bil Istithmar definition

Wakalah Bil Istithmar means a form of wakalah contract (or agency contract) entered into for the purpose of investment.
Sample 1Sample 2

Examples of Wakalah Bil Istithmar in a sentence

  • The system offered is Syariah compliant based on the "Wakalah Bil Istithmar" concept, whereby the depositors appoint PTPTN to manage their deposits for investment purposes.

  • Islamic Medium Term Notes (“IMTNs”)On 14 June 2012, the Corporation entered into an Islamic Medium Term Notes (“IMTNs”) Programme of up to RM3 billion, under the Syariah principle of Wakalah Bil Istithmar with Maybank Investment Bank (“MIB”) (“Facility Agent”) and CIMB Investment Bank (“CIMB”) (“Joint Lead Arrangers”).

  • Murabahah (via a Tawarruq arrangement); ii) Musharakah; iii) Mudharabah; iv) Ijarah; and v) Wakalah Bil Istithmar.

  • Ibra’ The Sukukholders in subscribing to the Sukuk Cagamas issued under the Shariah principle of Wakalah Bil Istithmar hereby consent to grant such Ibra’ if the Sukuk Cagamas issued under the Shariah principle of Wakalah Bil Istithmar are redeemed before the Istithmar Maturity Date, upon the declaration of an Istithmar Event of Default.

  • The Sukukholders in subscribing to the Sukuk Cagamas issued under the Shariah principles of Murabahah and Wakalah Bil Istithmar hereby consent to grant such Ibra’ if the Sukuk Cagamas issued under the Shariah principles of Murabahah and Wakalah Bil Istithmar are redeemed before the maturity date, upon the declaration of an Event of Default or Dissolution Event or in case of the Sukuk Cagamas with floating profit rate, if the Effective Profit Rate is lower than the Ceiling Profit Rate.

  • During the entire tenor of financial lease, the Bank must retain ownership of the asset, along with relevant risks and rewards.Wakalah Bil Istithmar (WBI) In Wakalah Bil Istithmar financing, the Bank enters into investment agency transaction with customer acting as an agent of the Bank.

  • Profit / coupon / rental rate The Sukuk Cagamas will be issued at par or at a discount and with or without a profit rate (for Murabahah via a Tawarruq arrangement), expected profit rate (for Musharakah, Mudharabah and Wakalah Bil Istithmar) or rental rate (for Ijarah).

  • In relation to the Sukuk Cagamas issued based on floating profit rate, the Deferred Sale Price (in the case of Sukuk Cagamas issued under Murabahah principle) and the Murabahah Deferred Sale Price (in the case of Sukuk Cagamas issued under the Wakalah Bil Istithmar principle) shall be calculated based on the Ceiling Profit Rate.

  • Mercedes Niess questioned line items for Pathfinder trust, and vacant staff positions of Vol Coord.

  • The Issuer may issue Sukuk Cagamas based on but not limited to any one of the following Shariah principles: (a) Murabahah (via a Tawarruq arrangement);(b) Musharakah;(c) Mudharabah;(d) Ijarah; and(e) Wakalah Bil Istithmar.

Related to Wakalah Bil Istithmar

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • WADA means the World Anti-Doping Agency.

  • POPIA means the Protection of Personal Information Act, No 4 of 2013;

  • LHSIA means the Local Health System Integration Act, 2006, and the regulations made under it, as it and they may be amended from time to time;

  • Lacquer means a clear or opaque wood coating, including clear lacquer sanding sealers, formulated with cellulosic or synthetic resins to dry by evaporation without chemical reaction and to provide a solid, protective film.

  • Boathouse (NR 115.03(1h)) means a permanent structure used for the storage of watercraft and associated materials and includes all structures which are totally enclosed, have roofs or walls or any combination of these structural parts.

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • OWRA means the Ontario Water Resources Act, R.S.O. 1990, c. O.40, as amended;

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • snippet means with respect to any Material Contract, a consent and agreement in favor of the Term Loan Collateral Agent (for the benefit of the Secured Parties) in substantially the form attached hereto as Exhibit F or otherwise in form and substance reasonably satisfactory to the Term Loan Collateral Agent and the Administrative Agent.","hash":"b253905eac2329f4ce5deee359573d97","id":7},{"snippetLinks":[{"key":"the-consent","type":"clause","offset":[6,17]},{"key":"dated-as-of","type":"definition","offset": [32,43]},{"key":"march","type":"clause","offset":[44,49]},{"key":"the-bank","type":"clause","offset":[72,80]},{"key":"sumitomo","type":"definition","offset":[87,95]},{"key":"heavy","type":"clause","offset":[96,101]},{"key":"industries","type":"clause","offset":[102,112]},{"key":"ltd","type":"clause","offset":[114,117]},{"key":"solely-for-purposes-of- section","type":"clause","offset":[120,150]},{"key":"borrower-and","type":"clause","offset":[173,185]},{"key":"certain","type":"clause","offset":[186,193]},{"key":"subsidiaries","type":"clause","offset":[208,220]}],"samples":[{"uri":"/contracts/8I1kKDYnIWF#consent-and-agreement","label":"Loan and Security Agreement (Axcelis Technologies Inc)","score":21},{"uri":"/contracts/ef30eXHgcuS#consent-and-agreement","label":"Loan and Security Agreement (Axcelis Technologies Inc)","score":21},{"uri":"/contracts/dwF8yXcI2kh#consent-and-agreement","label":"Loan and Security Agreement (Axcelis Technologies Inc)","score":21}],"size":6,"snippet":"means the Consent and Agreement dated as of March 30, 2009 by and among the Bank, SEN, Sumitomo Heavy Industries, Ltd. (solely for purposes of Section 2(b) thereunder), the Borrower and certain of Borrower’s Subsidiaries named therein.","hash":"e15b2264efd3078b83ce802817c2631f","id":8},{"snippetLinks":[{"key":"a-consent","type":"clause","offset":[6,15]},

  • Tabarru’ means donation for the purpose of solidarity and cooperation among the Takaful Participants and to be used to help all Takaful Participants in times of misfortune. In the context of the Company, Tabarru’ will be allocated into the Participants’ Risk Fund.

  • CORA means the Colorado Open Records Act, §§24-72-200.1 et. seq., C.R.S.

  • CBO means a community-based organization.

  • IMRO means the Irish Music Rights Organisation CLG.

  • POPI means the Protection of Personal Information Act, 4 of 2013;

  • Asset management means a systematic process of operating and maintaining the state system of

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • Parade means any procession or body of pedestrians, except members of the Armed Forces, numbering more than 30, standing, marching or walking on any street or sidewalk, or any group of vehicles numbering ten or more, except funeral processions, standing or moving on any street;

  • AASHTO means the American Association of State Highway and Transportation Officials.

  • SADC means the Southern African Development Community;

  • Homebound or "hospitalized" means a pupil who is capable of

  • Bangladesh Bank means the bank established under Article 3 of the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972) for the purpose of carrying on the business of the central banking and also includes its successors;

  • Façade means the principal front or fronts of a building.

  • €STRi-pTBD means, in respect of any TARGET Business Day falling in the relevant Interest Accrual Period, the €STR for the TARGET Business Day falling “p” TARGET Business Days prior to the relevant TARGET Business Day “i”;

  • MOHLTC means the Minister or the Ministry of Health and Long-Term Care, as the context requires;

  • CASA means the Civil Aviation Safety Authority.