Wednesday, 20 November 2019, 23 Rabiulawal 1441H Solat Time:

Project Financing/Bridging (Istisna’)


Istisna’ contract

Istisna’ contract refers to an agreement to sell to or buy from a customer a non-existent asset which is to be manufactured or built based on the specifications outlined by the ultimate buyers at an agreed predetermined selling price and to be delivered on a specific future date.

Type of development includes housing, building and construction of commercial and industrial building/project.

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