Istisna

Istisna

In Islamic law, a contract in which a buyer purchases an item for deferred delivery. The item must be described in detail and construction must fit the specifications. There is no set delivery date for the item. Usually, an istisna contract is made for specially made items. For example, one may make a contract to build a custom table for a client. Payment may be made in a lump sum or in installments.
References in periodicals archive ?
The bank aims to offer Istisna, musharaka, mudaraba, Ijara, murabaha, micro-credit finance, specified and joint investment accounts, savings deposit accounts and current accounts, once it receives an operating licence from the Central Bank of Nigeria.
Beklentilerimizle tutarli davranislari normal karsilarken (ornegin, bir kadinin yemek pisirmesi), beklentilerimizle tutarli olmayan davranislari istisna olarak kabul ederiz (ornegin, bir erkegin yemek pisirmesi).
He went on to highlight the main differences between conventional and Islamic banking and how instead of collecting interest against commercial activity, Islamic banks provide funding appropriate through Shari'ah compliant instruments such as Murabaha, Ijara (leasing) and Istisna.
PwC partners Mohamed El Moataz and Tamer Tawab, based in PwC's Egypt office, will be covering everything from the basics of Sharia concepts to accounting concepts, Murarabaha, Musharaka, Sallam, Ijara, Zakan Istisna and sukuk investments.
He added that Islamic finance could play a significant role in this with funding for a project or asset that had to be built using a Sharia-compliant Istisna vehicle.
ISTISNA is a pre-delivery financing and leasing structured mode.
Attracting project financing to the Russian market, including traditional Musharakah and Mudarabah transactions, and debt financing in the form of Murabahah, Ijarah, Istisna, Salam and other transactions should encounter no hindrances either.
They include financial instruments and products such as mudarabah (trust financing), musharakah (equity financing), ijarah (lease financing), murabahah (trade financing), qard al-hassan (benevolence/welfare loans), and istisna (progressive payments).
ISTISNA is a pre-delivery financing and leasing structured instrument, which can be used to finance the manufacture of plant/equipment, and/or payments to builders during construction.
Yazarin butun anlatilarinda birkac istisna ile hemen hemen ayni kurguyu kullanmasi bunun her seyden once sosyal arka plani da olan bir tavir oldugunu gosteriyor.
The corporate product menu is also very comprehensive and includes traditional Murabaha, Mudaraba, Istisna, Ijarah financing and diminishing Musharaka.
Most interestingly, almost all current banking product structures including murabaha, tawarruq, ijara, salam, istisna, wakala, kifalah, shirka, modariba, etc.