Abstract
Istisna’ is used widely as a mode of financing of an Islamic bank. It can be used in the construction industry such as apartment buildings, hospitals, schools, and universities. It also can be used in high technology industries such as aircraft industry, locomotive and ship building industries. One of the most important teachings of the Qur’an about business conduct is to fulfill promises and contract. The Qur’an demands that all contracts must be accomplished.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsReferences
Al-Amine, M. A. M. (n.d.). The Law and Practice of Istisna’ in Islamic Banking.
Ibn Abidin, Radd-ul-Muhtar, cited by Usmani, T. (1988). Islamic Finance, Saudi Arab.
Mushtaq, A. (n.d.). Business Ethics in Islam, International Institute of Islamic Thought, Islamabad.
http://www.alahli.com/bb/financing/Islamicfinanceproducts/alistisna.
http://www.albalagh.net/Islamic_Economics/salam_istisna:shtml.
http://www.altawfeek.com/glossaryofislamicfinancialterms.htm.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2019 The Author(s)
About this chapter
Cite this chapter
Billah, M.M. (2019). Islamic Manufacture Financing (Al-Istisna’). In: Islamic Financial Products. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-17624-2_20
Download citation
DOI: https://doi.org/10.1007/978-3-030-17624-2_20
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-17623-5
Online ISBN: 978-3-030-17624-2
eBook Packages: Economics and FinanceEconomics and Finance (R0)