Istisna’ financing is a mode of sale, at an agreed price, whereby the bank places an order to a manufacturer or a contractor to manufacture, assemble or construct, a specific commodity for a purchaser

Specific Requirements

  • Comprehensive feasibility study
  • Bill of Quantity
  • Certificate of ownership
  • Approved construction plan
  • Lease agreement and receipt of lease amount paid
  • Project implementation schedule
  • Agreement with contractors, manufacturer or supplier