Wakalah Fee definition

Wakalah Fee means a fee payable to Us in return of the services rendered in managing the PRF on Your behalf. The Wakalah Fee will be used to cover the management and distribution-related expenses;
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Wakalah Fee means the charge that the Participant pays to the Operator for the services rendered.
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Wakalah Fee means a fee to be paid by Muwakkil to Wakeel for service rendered hereunder, as agreed between the parties on a case by case basis in the Offer and Acceptance.
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Examples of Wakalah Fee in a sentence

  • Takaful Contribution allocated by the Takaful Participant as shown in the Schedule shall be placed in the Ta’awuni Account Pool (TAP) at inception to pay Wakalah Fee to Shareholders’ Fund and Tabarru’ to Risk Fund.

  • The Wakalah Fee will be deducted upfront upon payment of the Contribution.

  • TAKAFUL CONTRIBUTION ALLOCATION Takaful Contribution allocated by the Takaful Participant as shown in the Schedule shall be placed in the Ta’awuni Account Pool (TAP) at inception to pay Wakalah Fee to Shareholders’ Fund and Tabarru’ to Risk Fund.

  • To this end, the Participant agrees to give apportions 38% of the Takaful contribution to the Company as Wakalah Fee for the aforementioned services.

  • We will manage Your takaful contributions by charging a Wakalah Fee as approved by the regulatory authorities under the principle of Wakalah, and subsequently continue to be placed into Takaful fund through General Risk Investment Account (GRIA).

  • A current list of those cases identified as problematic by the Contractor, their efforts to resolve the issue(s) involved, and the current status of these cases.

  • CONTRIBUTION ALLOCATION Takaful Contribution allocated by the Takaful Participant as shown in the Schedule shall be placed in the Ta’awuni Account Pool (TAP) at inception to pay Wakalah Fee to Shareholders’ Fund and Tabarru’ to Risk Fund.

  • WakalahMeans a contract whereby the participant appoints the Company as Wakeel (agent) to administer, manage, invest and distribute the Takaful fund/Participant’s Risk Fund in the event of claim and the participant agrees to give Wakalah Fee for the aforementioned services.

  • HLM Takaful will take a portion of the contribution as Wakalah Fee in return of the services rendered.Wakalah FeeShall mean an upfront fee payable to HLM Takaful in return of the services rendered.

  • The Company will manage the TAP according to the Wakalah principle as defined by the Company and in accordance with the Shariah principles The Company will charge up to 60% of the Takaful Contribution as an upfront Wakalah Fee and the balance shall be allocated into the Risk Fund at inception for Tabarru’ charges and be used to help all Takaful Participants in time of misfortune.


More Definitions of Wakalah Fee

Wakalah Fee means the Management Fee charged by the Management Company from the Fund, for managing its investments on the basis of Wakalah tul Istismar (Investment Agency).
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Wakalah Fee means the Wakil fee for our service which is waived.
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Wakalah Fee means a fee in respect of a contract which gives the power to a person to nominate another person to act on his behalf based on agreed terms and conditions.
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Wakalah Fee means the fee charged by Us as the Takaful Operator for managing the operations of the Takaful business.
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Wakalah Fee means a fee to be paid by Xxxxxxxx to Wakeel for service rendered hereunder, as agreed be tween the parties on a case by case basis in the Offer and Acceptance.
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Related to Wakalah Fee

  • Hookup fee means a fee for the installation and inspection of any pipe, line,

  • Asset Management Fee shall have the meaning set forth in Section 8.02.

  • L/C Fee has the meaning specified in Section 2.03(i).

  • Hire Fee the hire fee specified in Item 13.

  • Entrance fee means money paid in a lump sum or installments or property transferred pursuant to a continuing care agreement before initiation of continuing care for 1 or more individuals and that confers the right to the continuing care.

  • Pupil fee means a fee, deposit or other charge imposed on pupils, or a pupil’s parents or guardians, in violation of Section 49011 of the Education Code and Section 5 of Article IX of the California Constitution, which require educational activities to be provided free of charge to all pupils without regard to their families’ ability or willingness to pay fees or request special waivers, as provided for in Hartzell v. Connell (1984) 35 Cal.3d 899. A pupil fee includes, but is not limited to, all of the following:

  • L/C Fees has the meaning set forth in Section 3.4(c).

  • School Fees means the money payable by the Parent/s to the School in connection with a Student’s education, excluding any Enrolment Fee, Deposit or Additional Fees.

  • Access Fee means a fee prescribed for the purposes of section 22(6) or 54(6), as the case may be;

  • Tipping Fee means a fee or support price determined by the local authorities or any state agency authorised by the State government to be paid to the concessionaire or operator of waste processing facility or for disposal of residual solid waste at the landfill ;

  • Development Fee means a fee for the packaging of a Property, including negotiating and approving plans, and undertaking to assist in obtaining zoning and necessary variances and necessary financing for the Property, either initially or at a later date.

  • Monthly Fee has the meaning stated in Section 4.3(a).

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • Base Fee $60 million (Avg Daily Net Assets For Most Recent Month) * 0.45% * (31/365) = $22,931.51 Performance Fee: $40 million (Avg Daily Net Assets for rolling 12-month period) * -0.25% * (31/365) = $(8,493.15) Total Fulcrum Fee: $14,438.36 = $22,931.51 (Base Fee) - $8,493.15 (Performance Fee)

  • Initial Fee means any fee charged to initiate a contract

  • Reservation Fee means the fee set forth in the applicable Program Guide, relating to the aggregate principal amount of the particular Mortgage Loans which the Participant has committed to originate and sell to the Servicer (which is not applicable to MCC stand-alone product) pursuant to a Reservation Request, payable contemporaneously with the submission of the corresponding application package, all in accordance with the procedures set forth in the applicable Program Guide.

  • Service Fee means a fee charged by us to you for the administration of your credit facility.

  • Annual Fee has the meaning stated in Section 4.02(a).

  • Rental Fee A fee charged by the Contractor for the rental of a compactor or roll-off container.

  • Introduction Fee means the fee payable by the Client to the Agency for an Introduction resulting in an Engagement;

  • Loan Fee shall have the meaning assigned in Section 5.1.

  • Processing Fee means in relation to a Transaction Summary delivered:

  • Base Management Fee means the base management fee, calculated quarterly in arrears, in an aggregate amount equal to the sum of (i) 25% per Quarter of the Fee Amount, plus (ii) 0.3125% of the Total Capitalization Value Increase for the preceding Quarter;

  • Licence Fee : means the fee prescribed by the JCRA under Article 17 of the Telecommunications (Jersey) Law and payable by the Licensee;

  • Success Fee means the fee to be paid by PURCHASER to SELLER as specified in Exhibit D upon successful FDA Approval.

  • Upfront Fees means, with respect to any Receivable, the sum of any fees charged by Holdings or the Receivables Account Bank, as the case may be, to a Receivables Obligor in connection with the disbursement of a loan, as set forth in the Receivables Agreement related to such Receivable, which are deducted from the initial amount disbursed to such Receivables Obligor, including the “Origination Fee” set forth on the applicable Receivable Agreement.