The lending company up coming rentals the show regarding ownership on the customer
Istisna ic deals such Ijarah (lease) and you may Musharakah Mutanaqisah (Shrinking Commitment). The latest shared use of such deals allows banking institutions and you will designers to mobilise money and you may decrease risks. Such as, this new expansion away from Madinah Airport when you look at the Saudi Arabia used Istisna and you can Ijarah as long title financial support arrangements (Industry Financial, 2017). Earliest, your panels business import particular liberties in order to financiers (lenders) under a great procurement contract (Istisna) together with fee is actually paid predicated on an agreed plan. The lenders have concession agreements (Ijarah) toward venture team and you can located lease renting due to the fact earnings. Particularly an arrangement often is used in resource rigorous structure programs (Chu and you can Muneeza, 2019).
Less than a mixture of Istisna and you will Musharakah Mutanaqisah, the consumer in addition to financial manage a beneficial Musharakah pool according to the principle out of shirkahtul-milk and together go into an Istisna offer to your contractor/creator on specified asset structure (Lender Negara Malaysia, 2015a).
