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CONSTRUCTION CONTRACT

ISTISNA`. CONSTRUCTION CONTRACT. Prepared By: Moulana Shoayb Joosub. Definition:. A contract on a commodity on liability with the proviso of work. Terms in an Istisna contract. - Purchaser:- Mustania` - Seller:- Sania` - Commodity:- Masnooa`. TWO DISTINCTIVE ELEMENTS. * SALAM.

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CONSTRUCTION CONTRACT

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  1. ISTISNA` CONSTRUCTION CONTRACT Prepared By: Moulana Shoayb Joosub

  2. Definition: • A contract on a commodity on liability with the proviso of work. • Terms in an Istisna contract. - Purchaser:- Mustania` - Seller:- Sania` - Commodity:- Masnooa`

  3. TWO DISTINCTIVE ELEMENTS * SALAM * IJARAH

  4. Legal Rules • Full description of specification, type, and dimension • Only products that can be manufactured • In Zawatul Amsaal and Zawwatul Qiyam • Materials to be supplied by the Manufacturer • Parties are binded to the contract unless the product description is not as per the contract • Payment can be cash or deferred • Time and Place of delivery to be specified

  5. Thanking you QUESTIONS

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