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CA-3.10.4

Profits generated are distributed to the Muwakkil less the Wakil fee, in accordance with the terms of the Wakalah agreement. In case the contract includes some "indicative" or "expected" profit rate on the investment, the Wakalah contract can include a clause stipulating that the Wakil's remuneration may be:

(a) A pre-agreed flat fee; or
(b) A certain share of profit added to a pre-agreed flat fee, subject to the terms and conditions.
January 2015