It is not permissible for the Istisna requestor himself to manufacture what he requests.
Bank Appointing Requestor As Contractor
It is not permissible for a bank to appoint the Istisna requestor (its client) as the contractor, since this would be akin to the Istisna requestor...
It is not permissible for a bank to appoint the Istisna requestor (its client) as the contractor, since this would be akin to the Istisna requestor...
It is permissible to contract with such a client. The client must first be asked to rescind its previous contract with the contractor according to...
Tying Price And Delivery In Istisna
Both parties may agree to link the price of the product with the timeliness of its delivery; and the financier is entitled to unilaterally cancel...
Both parties may agree to link the price of the product with the timeliness of its delivery; and the financier is entitled to unilaterally cancel...
Deferred Sale Under Istisna Contract
It is permissible to contract an Istisna agreement in which an under-construction sale asset will be delivered in the future upon completion, while...
It is permissible to contract an Istisna agreement in which an under-construction sale asset will be delivered in the future upon completion, while...
It is not permissible to measure profit as a percentage of the cost in an Istisna contract.
Istisna For Natural Products
The Istisna contract is valid for manufactured goods, not agricultural products. However, if agricultural products are subjected to manufacturing...
The Istisna contract is valid for manufactured goods, not agricultural products. However, if agricultural products are subjected to manufacturing...
Responsibility Of Seller In Istisna
The seller bears all responsibility related to ownership of the asset prior to its delivery to the purchaser. This includes responsibility towards...
The seller bears all responsibility related to ownership of the asset prior to its delivery to the purchaser. This includes responsibility towards...
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