Istisna (Manufacturing Contracts) in Islamic Banking and Finance:Law & Practice
by Muhammad al-Bashir Muhammad Al-Amine
Price: N5000
Product Code: 1265824512
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Number of Pages: 75
Binding: Paper Back
Publisher: A S Noordeen (Malaysia)
ISBN: 9830651177
Availability: To be deliverd within 10 working days after payment date
Summary: The present 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. Its addresses the nature of this contract, its conditions, the general and specific argument for the legality of this contract, its binding character and the seller’s stipulation to preclude his liability from any defect in the manufactured commodity. Furthermore, it expounds the issue over the liquidated damages and its relation with Istisna, the doctrine of change of circumstances and its implications and arbitration as dispute resolution in Istisna. Finally, it elaborates the practical aspects of Istisna especially its role in economic development, areas of its applications, the criteria of project evaluation, security and risk management, insurance and the legal status of the consultant agent pertaining to Istisna.