What impact does the definition of Istisna' have on me as a customer? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What impact does the definition of Istisna' have on me as a customer?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Istisna' is a contract for the manufacture or creation of an asset with specific specifications, such as equipment or a real estate project.

The practical difference is that it's suitable for something that is still to be manufactured or built, not a ready-made asset that can be sold immediately.

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