Istisna (Manufacturing Contract)

Description

Istisna is one of the Islamic banking and financial products like Mudarabah, Musharakah and Murabadah.  Istisna plays an important and leading role in Islamic Banking System for manufactured goods. This book is an extensive and critical analysis of this contract from the classical source of Islamic Law and the practice of contemporary Islamic financial institutions. This book discusses the nature of this contract, its conditions, the general and specific argument for the legality, its binding character, liquidated damages etc. This book also elaborates the practical aspects of Istisna in economic development in project evaluation, security and risk management, insurance and others.

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