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Advance Payment To Contractor In Istisna
Such a transaction is not permissible since the additional percentage is akin to interest. The correct method of payment in an Istisna contract is...
Such a transaction is not permissible since the additional percentage is akin to interest. The correct method of payment in an Istisna contract is...
Agent Managing Construction Work In Istisna
It is permissible for a bank to appoint an agent to oversee the construction project, approve payments to the contractor, and receive the completed...
It is permissible for a bank to appoint an agent to oversee the construction project, approve payments to the contractor, and receive the completed...
Such an arrangement is permissible under an Istisna contract, based on the following procedure/conditions:
• The land owner would hand...
Supervising Of Construction Work Under Istisna
It is permissible for a bank to draft a separate contract agreeing to represent the client in supervising the contractor’s implementation of the...
It is permissible for a bank to draft a separate contract agreeing to represent the client in supervising the contractor’s implementation of the...
The subcontractor is hired by the lead contractor and the bank is not a party to the contract between them. It would not be permissible for the...
Financier’s Rejection Of Goods In Istisna
The financier reserves the right to reject products not manufactured to specification, though must accept items manufactured equal to or superior...
The financier reserves the right to reject products not manufactured to specification, though must accept items manufactured equal to or superior...
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