Wakala Investments

Wakala refers to a contract where an investor authorizes an entrepreneur (Al-Falaah) to do certain financial transactions on their behalf. It is a contract of agency where Al-Falaah will act as an agent of the investor, while charging a fixed management fee (Wakala Fee). Profit of the Wakala will be shared according to a mutually pre-agreed profit rate. If the agent managed to conclude a surplus (higher than agreed profit rate), he may retain it as agreed on the Wakala Agreement.  
Benefits at a glance:
Higher profits
Highest Safety and Security 
Long term financial planning

The financial institution (Al-Falaah) will act as an agent of the customer (Investor) and ensure that the funds invested are utilized for Shari'ah complaint business transactions to earn profits. Whilst charging a fixed management fee (Wakala fee) for its efforts, the profits will be paid according to an Anticipated Profit Rate. If the agent manages to acquire a surplus of profits than what is mentioned in the said profit rate, the agent may retain it as an incentive agreed on the Wakala agreement and if not, the investor returns will be limited to the actual profits earned.  

Wakala Investments, while providing an alternative to fixed or term deposit methodology, gives the investor a path to plan out investment returns and financial security.

Benefits at a glance :

  • Higher profits
  • Highest Safety and Security 
  • Long term financial planning
  • Corporate Fixed deposits

 

 


CONTACT
General Enquiries:
Phone : +94 11 588 0880
Fax : +94 11 286 5606
Email : lofin@lankaorix.com
Address : 100/1, Sri Jayawardenapura Mawatha, Rajagiriya, Sri Lanka.