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:<3: WAKALAH :<3: - Coggle Diagram
:<3: WAKALAH :<3:
DEFINITION :question:
refer to contract i which a muwakkil (principal) authorises a party as his wakil (agent) to perform task on his behalf. The agent may commence the task authorised to him voluntarily or eith the imposition of a fee.
Basically a non-binding contract, whereby the principal or the agent may withdraw at any time by mutual agreement, unilateral termination, discharging the obligation, destruction of the subject matter, death or loss of legal capacity.
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TYPE OF WAKALAH :star:
1) SCOPE OF AGENCY
General wakalah, where the principal says to agent, 'buy me a house' without specifying any condition.
specific wakalah, where the principal identifies certain requirement such as price, features, mode of payment
2) PAYMENT TO THE AGENT
in agency contract, the principal can either to pay his agent or not. the permissibly of paid agency is attributed to the fact that the agency is the performance of useful work for which the agent has the right to ask for remuneration.
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