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Istisna
(redirected from Istisna'a)

    Also found in: Wikipedia 0.01 sec.
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.
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Byline: Dubai Al Tomooh Finance Scheme for Small National Businesses and Emirates Islamic Bank (EIB) have signed a MoU to provide Al Tomooh customers with the option to avail Shari' a-compliant financing including Murabaha, Istisna'a, Ijara.
Al Tomooh inks MoU with Emirates Islamic Bank by TradeArabia (Manama, Bahrain)
The net proceeds of the issue of such certificates will be used to purchase a portfolio of sukuk assets which may comprise ijara assets, murabaha contracts, istisna'a contracts and Islamic Development Bank's (IDB or the Bank) investments in equity and sukuk certificates.
Stable outlook for Islamic Development Bank by Saudi Economic Survey
The net proceeds of the issue of such certificates will be used to purchase a portfolio of Sukuk assets which may comprise ijara assets, Murabaha contracts, Istisna'a contracts and Islamic Development Bank's (IsDB or the bank) investments in equity and Sukuk certificates.
Moody's assigns Aaa to Islamic Development Bank's Sukuk MTN programme by CPI Financial
 
 
 
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