Istisna' model for construction works' contract

Istisna’ has been accepted as the Shariah compliant tool for a transaction wherein the subject matter is yet to exist. In the case of construction works’ contracts the current Istisna’ practice appears to be skewed towards meeting the needs and requirements of the international funding institutions,...

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Main Author: Abdul Rashid, Khairuddin
Format: Conference or Workshop Item
Language:English
English
English
Published: 2015
Subjects:
Online Access:http://irep.iium.edu.my/49526/2/Proposed_Istisna%27_Nov2015.pdf
http://irep.iium.edu.my/49526/1/IstisnaAbstract_Dec2015.pdf
http://irep.iium.edu.my/49526/3/Programme_IIUM_Kyoto_Colloquium2015.pdf
http://irep.iium.edu.my/49526/
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spelling my.iium.irep.495262016-05-23T07:05:28Z http://irep.iium.edu.my/49526/ Istisna' model for construction works' contract Abdul Rashid, Khairuddin BP Islam. Bahaism. Theosophy, etc H Social Sciences (General) HF5001 Business. Business Administration KBP Islamic Law TA Engineering (General). Civil engineering (General) TH Building construction Istisna’ has been accepted as the Shariah compliant tool for a transaction wherein the subject matter is yet to exist. In the case of construction works’ contracts the current Istisna’ practice appears to be skewed towards meeting the needs and requirements of the international funding institutions, hence the use of parallel Istisna’. However, the documentation aspects of Istisna’ contracts is seldom discussed. In this presentation, Istisna’ in general and its application and documentation for construction works’ contracts is critically examined. The outcome of the examination suggests that for construction works’ contracts direct Istisna’ is preferred. In addition, in effort to achieve validity of the Istisna’ contract a comprehensive set of documentation is required. It is proposed herein that the use of bills of quantities (BQs) would enable this requirement to be satisfied. Keywords: Building, Bills of Quantities (BQs), Construction, Contract, Istisna’, Quantity Surveying, Shari’ah 2015-12 Conference or Workshop Item REM application/pdf en http://irep.iium.edu.my/49526/2/Proposed_Istisna%27_Nov2015.pdf application/pdf en http://irep.iium.edu.my/49526/1/IstisnaAbstract_Dec2015.pdf application/pdf en http://irep.iium.edu.my/49526/3/Programme_IIUM_Kyoto_Colloquium2015.pdf Abdul Rashid, Khairuddin (2015) Istisna' model for construction works' contract. In: 3rd IIUM - Kyoto University Research Colloquium, 2nd - 3rd December 2015, Kuala Lumpur. (Unpublished)
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
English
topic BP Islam. Bahaism. Theosophy, etc
H Social Sciences (General)
HF5001 Business. Business Administration
KBP Islamic Law
TA Engineering (General). Civil engineering (General)
TH Building construction
spellingShingle BP Islam. Bahaism. Theosophy, etc
H Social Sciences (General)
HF5001 Business. Business Administration
KBP Islamic Law
TA Engineering (General). Civil engineering (General)
TH Building construction
Abdul Rashid, Khairuddin
Istisna' model for construction works' contract
description Istisna’ has been accepted as the Shariah compliant tool for a transaction wherein the subject matter is yet to exist. In the case of construction works’ contracts the current Istisna’ practice appears to be skewed towards meeting the needs and requirements of the international funding institutions, hence the use of parallel Istisna’. However, the documentation aspects of Istisna’ contracts is seldom discussed. In this presentation, Istisna’ in general and its application and documentation for construction works’ contracts is critically examined. The outcome of the examination suggests that for construction works’ contracts direct Istisna’ is preferred. In addition, in effort to achieve validity of the Istisna’ contract a comprehensive set of documentation is required. It is proposed herein that the use of bills of quantities (BQs) would enable this requirement to be satisfied. Keywords: Building, Bills of Quantities (BQs), Construction, Contract, Istisna’, Quantity Surveying, Shari’ah
format Conference or Workshop Item
author Abdul Rashid, Khairuddin
author_facet Abdul Rashid, Khairuddin
author_sort Abdul Rashid, Khairuddin
title Istisna' model for construction works' contract
title_short Istisna' model for construction works' contract
title_full Istisna' model for construction works' contract
title_fullStr Istisna' model for construction works' contract
title_full_unstemmed Istisna' model for construction works' contract
title_sort istisna' model for construction works' contract
publishDate 2015
url http://irep.iium.edu.my/49526/2/Proposed_Istisna%27_Nov2015.pdf
http://irep.iium.edu.my/49526/1/IstisnaAbstract_Dec2015.pdf
http://irep.iium.edu.my/49526/3/Programme_IIUM_Kyoto_Colloquium2015.pdf
http://irep.iium.edu.my/49526/
_version_ 1643613551278948352
score 13.209306