2 articles tagged βWakalaβ
Five providers publish fixed term halal deposit rates in Britain, from six months to seven years. The best one-year deal pays 4.81%, and the worst pays 3.00% at the same bank.
The textbooks teach Mudarabah profit-sharing, but read the UK product pages and a different picture emerges: Wakala agency contracts dominate, and several banks name no contract at all.