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Agency Agreements
There are four types of agency agreements: •The disclosed agency agreement, where the agent discloses to a third party that he represents a...
There are four types of agency agreements: •The disclosed agency agreement, where the agent discloses to a third party that he represents a...
Using Agency Agreement For Portfolio Management
In a portfolio management contract, the investor requires the investment manager to invest funds in various Shariah-compliant ventures.In such a...
In a portfolio management contract, the investor requires the investment manager to invest funds in various Shariah-compliant ventures.In such a...
Agent’s Contravention Of Specific Instructions
Contraventions to the specific instructions of a commission render transactions related to the commission invalid, unless the instructions are not...
Contraventions to the specific instructions of a commission render transactions related to the commission invalid, unless the instructions are not...
When Buyer’s Agent Is Seller’s Agent
It is lawful to appoint an intermediary who will be the agent for the buyer and the seller at the same time. It is important that the agent...
It is lawful to appoint an intermediary who will be the agent for the buyer and the seller at the same time. It is important that the agent...
Fees For Processing Documents
It is lawful for the bank to accept a fee for the services it performs as an agent on behalf of the payer or payee bank.
It is lawful for the bank to accept a fee for the services it performs as an agent on behalf of the payer or payee bank.
When Agent Becomes Guarantor
It is lawful for the principal to stipulate that the agent not sell except for cash and if he does sell for credit, that he become the buyer's...
It is lawful for the principal to stipulate that the agent not sell except for cash and if he does sell for credit, that he become the buyer's...
The Extent Of Agent's Liability
An agent is not considered a guarantor except in cases of shortcoming or transgression. Merchandise in his possession is considered a trust.
An agent is not considered a guarantor except in cases of shortcoming or transgression. Merchandise in his possession is considered a trust.
It is permissible for one grantor to assign two or more agents to the same or separate commissions. When two or more agents are assigned to the...
Fees For Agency
It is lawful for the bank to serve as an agent for another firm in which case it is permissible for it to accept a fee in return for its agency.
It is lawful for the bank to serve as an agent for another firm in which case it is permissible for it to accept a fee in return for its agency.
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