Istisna' model for construction works' contract

• Main Author: Abdul Rashid, Khairuddin
• Format: Conference or Workshop Item
• Language: English; English; English
• Published: 2015
• Subjects: 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
• 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/

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,...