Islamic Fiqh > Companies and leases > Wakala (agency mandate) > Mandate matters: guarantees, contracts and acts
Updated on 06 October 2026 at 10:50 PM
This third part of the chapter on the rules of agency (wakala) reviews agency in the main financial contracts: guarantee (daman) and surety (kafala), money exchange (sarf), salam (deferred-delivery sale), irrigation (musaqa) and sharecropping (muzara'a), pledge (rahn), deposit (wadi'a), loan (qard), promised reward (ju'ala), the payment and collection of debts, gift (hiba), amicable settlement (sulh), waiver of debt (ibra'), the endowment (waqf) and zakat. The jurists of the four schools establish the validity of agency in each of these contracts, along with the fine points on which they differ regarding its conditions and effects, supported by the prophetic evidence and the classical references.