The Sarwa Islamic Savings Account (SISA) operates under the Shariah-compliant Wakala-bil-Istismar model, which is an investment agency arrangement.
In this structure, the account holders (referred to as the ‘Muwakkil’, or principal) appoint the ‘Wakeel’ (agent) to manage their funds on their behalf.
In the case of the Sarwa Islamic Savings Account, the account holders request the…
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News Source: arynews.tv
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