Understanding Wakala in Islamic Banking: Meaning, Functions & Key Features

2 months ago
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Explore the concept of Wakala in Islamic Banking with this insightful educational video. In this online lecture, we break down the Wakalah meaning, focusing on its role as a key principle in Islamic finance. Learn how a Wakalah contract operates, where one party (the agent) is appointed to perform a task or manage an investment on behalf of another (the principal), in full compliance with Shariah law.

Discover the key functionalities and features of Wakalah in Islamic banking, including its flexibility, risk-sharing nature, and how it supports ethical financial transactions. Whether you're a finance student, professional, or simply interested in ethical banking practices, this video will give you a clear understanding of Wakala and its growing importance in modern finance. Watch now to deepen your knowledge of Islamic financial principles!

For complete lecture on Wakala in Islamic Banking , and for more lectures on Islamic Banking and Finance visit: https://aims.education/study-online/wakala-islamic-finance/

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