Monday, 21 August 2017, 28 Zulkaedah 1438H Solat Time:
KL Imsak 5:43 | Subuh 5:53 | Syuruk 7:09 | Zohor 1:19 | Asar 4:33 | Maghrib 7:25 | Isyak 8:35

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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