construction contract
DESCRIPTION
ISTISNA`. CONSTRUCTION CONTRACT. Prepared By: Moulana Shoayb Joosub. Definition:. A contract on a commodity on liability with the proviso of work. Terms in an Istisna contract. - Purchaser:- Mustania` - Seller:- Sania` - Commodity:- Masnooa`. TWO DISTINCTIVE ELEMENTS. * SALAM. - PowerPoint PPT PresentationTRANSCRIPT
CONSTRUCTION CONTRACT
• A contract on a commodity on liability with the proviso of work.
• Terms in an Istisna contract.- Purchaser:- Mustania`- Seller:- Sania`- Commodity:- Masnooa`
• Full description of specification, type, and dimension
• Only products that can be manufactured• In Zawatul Amsaal and Zawwatul Qiyam• Materials to be supplied by the Manufacturer• Parties are binded to the contract unless the
product description is not as per the contract• Payment can be cash or deferred• Time and Place of delivery to be specified