Money Market and Investment Products
Wakalah Deposit-i is a deposit product which the profit is derived from a specific investment. This deposit product is based on Shariah principle of Wakalah whereby it refers to a contract between two (2) parties, i.e. the owner of the capital (Muwakil) and the Bank (Wakil). The investor, who is the owner of the capital, places a specified sum of money with the Bank, which acts as the Wakil in investing the funds in specific investment activities of the Bank with the objective of making profits.