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Post-Contract Government Regulation Causing Additional Costs In Istisna
It is permissible to add a clause in an Istisna contract stating that additional financial commitments resulting from new government regulations...
 
Conditions For Reducing Price Of Istisna Subject Matter Due To Delay In Delivery
The conditions for which the price of the subject matter of an Istisna may be reduced as a result of a delay in delivery are 1. The delay must not...
 
Istisna Requestor Being Appointed As Manufacturer
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...
 
Profit As Percentage Of Cost In Istisna Contract
It is not permissible to measure profut as a percentage of the cost in an Istisna contract.
 
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...
 
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...
 
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...
 
Cost Of Subsequent Changes To Asset Manufactured Under Istisna
The parties to the Istisna contract may alter the contract and clearly specify the amount payable for the agreed-upon changes. The bank should not...
 
Deferred Delivery Of Published Works Purchased Under Istisna
It is permissible to purchase published works under an Istisna contract and to defer delivery. Payment may be either advance or deferred. It is...
 


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