A Wakalah Deposit is a Shariah-compliant investment arrangement in which the customer appoints the bank as an agent (wakeel) to invest funds on their behalf. The bank follows agreed investment guidelines and aims to achieve a target profit, which is shared with the customer, while charging a transparent agency fee. Unlike interest-based deposits, Wakalah operates on trust, disclosure, and ethical fund management—making it a preferred choice for individuals seeking halal, low-risk, and transparent savings or investment options in Islamic finance.

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