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Shari’a Stipulations on the Price in Istisna’ Contract

Istisna' (الاستصناع) is a type of sale (ba'i or bay') in which the underlying asset (a predefined product known as...

Early Settlement in Istisna’a Contract

In istisna'a contract, if al-mustasni’ (the buyer or the party seeking a manufactured item) makes a payment in advance of...

Istisna’a Applications

Istisna'a (الاستصناع) is a special kind of the contract of sale (ba'i) in which the underlying commodity is sold before...

Difference Between Murabaha and Istisna’a

Murabaha is a sale-based transaction (a cost-plus sale) which involves the sale of goods/ assets for a price (thaman) consisting...

Risks Associated with Istisna’a Contracts

In essence, istisna'a is a debt financing instrument that, like salam, involves the sale of an object (al-masnoo') for future...

Applications of Istisna’a in Banking and Finance

Istisna’a provides an instrumental tool for financing of all types of assets that are not readily available with the seller...

Applications of Istisna’a

Istisna'a (الاستصناع) is a special kind of the contract of sale (ba'i) in which the underlying commodity is sold before...