The lending company upcoming apartments its express regarding possession into the consumer

The lending company upcoming apartments its express regarding possession into the consumer

Istisna ic deals such as for example Ijarah (lease) and you can Musharakah Mutanaqisah (Shrinking Commitment). The newest joint usage of these types of deals lets finance companies and you may builders in order to mobilise fund and you can decrease risks. For example, the brand new expansion out of Madinah Airport for the Saudi Arabia utilised Istisna and you can Ijarah so long name financial support preparations (World Financial, 2017). First, your panels organization import particular liberties so you can financiers (lenders) under an effective procurement contract (Istisna) and the payment was paid centered on a conformed schedule.