Showing posts with label Parallel Istisna'a. Show all posts
Showing posts with label Parallel Istisna'a. Show all posts

Istisna'a

Istisna's:  

Istisna'a is a contract between a manufacturer/seller and a buyer under which the manufacturer/seller sells specific products after having manufactured, permissible under Islamic Shariah and Law of the country at an agreed price payable in advance or by installments withing a fixed period or on/within a fixed future date on the basis of the order placed by the buyer.

In short,