With a "Wakala" investment deposit, a master "Wakala" agreement is signed between the Investor and the the Kuwait Finance House. The investor appoints Kuwait Finance House as an agent in order to invest in "Sharia’a" compliant investments on his or her behalf at an agreed profit rate, to be paid along with the principal on maturity.
"Wakala" Investment Deposits
With a "Wakala" investment deposit, a master "Wakala" agreement is signed between the Investor and the the Kuwait Finance House. The investor appoints Kuwait Finance House as an agent in order to invest in "Sharia’a" compliant investments on his or her behalf at an agreed profit rate, to be paid along with the principal on maturity.