Exposure Draft Wakalah (Shariah Requirements & Optional Practices)

This policy document outlines the Shariah requirements and optional practices relating to wakalah to be observed by the IFIs in developing Islamic financial services and products.

This policy document also covers arrangement of wakalah with other Shariah contracts or concepts.

This policy document aims to facilitate the understanding of the Shariah requirements relating to wakalah which the IFIs must adhere to in order to ensure its validity.

This document belongs to Bank Negara Malaysia (BNM). Full access to the original source is available here: https://www.bnm.gov.my/banking-islamic-banking