Monday, 11 December 2017, 22 Rabiulawal 1439H Solat Time:
KL Imsak 5:38 | Subuh 5:48 | Syuruk 7:07 | Zohor 1:09 | Asar 4:32 | Maghrib 7:05 | Isyak 8:20

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.

Print Friendly
Bank Islam