Istisna
English: advance purchase of goods or buildings
Alternate spelling: Istisna’a, Istisna’ah, Istisnah
Definition: A contract of acquisition of goods by specification or order, where the price is paid in advance, or progressively in accordance with the progress of a job. For example, to purchase a yet to be constructed house, payments would be made to the builder according to the stage of work completed. This type of financing, along with Salam, is used as a purchasing mechanism, and Murabahah and Bai Bithaman Ajil are for financing sales.
« Back to Glossary IndexNews related to Istisna (1,088)
First parallel Sukuk Istisna issuance in the Maldives
Monday, 26 Feb 2024 | Volume21.Issue09
Correspondent ReportsIstisnah or forward lease (Ijarah)?
Tuesday, 06 Dec 2022 | Volume19.Issue49
Back to BasicsSukuk Istisnah to raise BDT50 billion (US$521.83 million) for financing rural infrastructure development in Bangladesh
Thursday, 21 Jul 2022 | Volume19.Issue30
Correspondent ReportsSovereign Securities: Bangladesh mulls Sukuk Istisnah for infrastructure development project
Monday, 18 Apr 2022 | Volume19.Issue16
ReportsBangladesh to issue Sukuk Istisnah
Monday, 18 Apr 2022 | Volume19.Issue16
DealsSovereign Securities: Bangladesh mulls Sukuk Istisnah
Tuesday, 22 Feb 2022 | Volume19.Issue08
ReportsBB working on Sukuk Istisnah
Wednesday, 16 Feb 2022 | Volume19.Issue08
DealsTurkey’s first green Sukuk Istisnah
Monday, 03 Jan 2022 | Volume19.Issue01
DealsBeximco to issue Sukuk Istisnah
Thursday, 04 Mar 2021 | Volume18.Issue10
DealsIstisnah
Tuesday, 19 Nov 2019 | Volume16.Issue46
Shariah PronouncmentsFinal points on the Istisnah contract
Tuesday, 25 Jun 2019 | Volume16.Issue25
Back to BasicsIstisnah Shariah endorsement process
Wednesday, 19 Jun 2019 | Volume16.Issue25
Correspondent ReportsPermissibility of financial compensation in Istisnah
Tuesday, 18 Jun 2019 | Volume16.Issue24
Back to BasicsImportance of Musataha arrangement for completion of an Istisnah contract
Tuesday, 11 Jun 2019 | Volume16.Issue23
Back to BasicsApplications of the Istisnah contract
Tuesday, 21 May 2019 | Volume16.Issue20
Back to BasicsIstisnah and parallel Istisnah
Tuesday, 02 Jan 2018 | Volume15.Issue01
Shariah StandardsHong Kong should capture the opportunities of Sukuk Istisnah for public-private partnerships
Monday, 19 Jun 2017 | Volume14.Issue25
Correspondent ReportsPayment due for JEV’s Istisnah facility
Friday, 05 May 2017 | Volume14.Issue19
DealsFirst Sukuk Istisnah in Iran
Wednesday, 16 Dec 2015 | Volume12.Issue50
ReportsFirst Sukuk Istisnah sale on Tehran Stock Exchange
Monday, 23 Nov 2015 | Volume12.Issue47
DealsAn Islamic bank has been using an Istisnah and parallel Istisnah structure to finance the construction of residential as well as commercial buildings
Wednesday, 26 Nov 2014 | Volume11.Issue47
Shariah PronouncmentsKey differences between Istisnah and Wakalah structures
Wednesday, 02 Oct 2013 | Volume10.Issue39
Special ReportsAn Islamic bank as a buyer has signed an Istisnah agreement with a customer as a seller, whereby the customer has to arrange for the construction and delivery of a building to the bank
Wednesday, 04 Sep 2013 | Volume10.Issue35
Shariah PronouncmentsAn Islamic bank has signed an Istisnah agreement with its customer for sale of a property (to be developed) whereby the bank is the seller and the customer is the purchaser
Wednesday, 07 Aug 2013 | Volume10.Issue31
Shariah PronouncmentsIstisnah guidelines out
Wednesday, 05 Jan 2011 | Special Awards Issue
News BriefsIstisna financing
Wednesday, 12 May 2010 | Volume7.Issue19
News BriefsIndustry welcomes Istisna greenlight
Wednesday, 14 Apr 2010 | Volume7.Issue15
ReportsMRCB’s Senior and Junior Sukuk Istisnah
Friday, 04 Jul 2008 | Volume5.Issue26
Case StudiesSACOFA and Sarawak Gateway’s Sukuk Istisna
Friday, 14 Mar 2008 | Volume5.Issue10
Case StudiesSACOFA’s Sukuk Istisna reaffirmed
Friday, 14 Mar 2008 | Volume5.Issue10
Ratings UpdatesRAM reaffirm Al-Istisna ratings
Monday, 27 Jun 2005 | Volume2.Issue13
News BriefsTTPC`s Al-Istisna’s ratings reaffirmed
Monday, 04 Apr 2005 | Volume2.Issue07
News BriefsDurrat Al Bahrain Istisna`a Ijara Sukuk deal completed
Monday, 10 Jan 2005 | Volume2.Issue01
News BriefsEyecare Sukuk raises MVR26.07 million (US$1.68 million) for Hulhumale’ eye center development
Thursday, 18 Apr 2024 | Volume21.Issue17
Correspondent ReportsBangladesh: Stronger support for Islamic finance
Tuesday, 16 Apr 2024 | Volume21.Issue16
AnalysesComing to grips with Tawarruq
Monday, 08 Apr 2024 | Volume21.Issue15
ColumnsAl Seer Marine and BGN’s syndicated facility: Supporting the marine sector
Tuesday, 02 Apr 2024 | Volume21.Issue14
Case StudiesFinancial reporting for Islamic financial institutions
Tuesday, 26 Mar 2024 | Volume21.Issue13
Special ReportsTunisia: Exciting prospects for Islamic finance
Tuesday, 19 Mar 2024 | Volume21.Issue12
AnalysesMicrofinance: A vital industry component
Tuesday, 19 Mar 2024 | Volume21.Issue12
AnalysesA transformative impact in Morocco’s Islamic finance market
Tuesday, 19 Mar 2024 | Volume21.Issue12
Special ReportsIFN Monthly Review: February — Spotlight on Sukuk
Wednesday, 28 Feb 2024 | Volume21.Issue10
ReportsEyeCare launches Sukuk
Friday, 23 Feb 2024 | Volume21.Issue09
DealsFrance: Eyeing the Sukuk market
Tuesday, 20 Feb 2024 | Volume21.Issue08
AnalysesThe situation of Islamic finance in Morocco: Realities and challenges
Tuesday, 13 Feb 2024 | Volume21.Issue07
FeaturesIFN Deals of the Year 2023
Tuesday, 23 Jan 2024 | Volume21.Issue04
Cover StoryA steady improvement of Islamic banking in Algeria
Friday, 05 Jan 2024 | Volume21.Issue02
Correspondent ReportsKey developments, challenges and opportunities in the Islamic finance landscape in Somalia
Tuesday, 02 Jan 2024 | Volume21.Issue01
FeaturesRisk management through Islamic derivatives — current landscape and outlook
Tuesday, 19 Dec 2023 | IFN Annual Guide 2024
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Tuesday, 19 Dec 2023 | IFN Annual Guide 2024
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