ISTISNA | Summit Bank

ISTISNA

Istisna is a sale contract between a contract owner and contractor whereby the contractor based on an order from the contract owner undertakes to manufacture or otherwise acquire the subject matter of the contract according to specifications, and sells it to the contract owner for an agreed upon price. The payment for the sale may be in advance, credit, installment or any other maturity term.

©2016 Copyright Summit Bank Limited. All rights are reserved.

Last Updated 2018-12-12


Browser Compatibility: Chrome, Mozilla, Opera, Internet Explorer 8 and latest Safari.