Major Principles in Islam: Seeking the Halal (part 7) Istisna contract
Istisnaʿ is a sale contract where a buyer (the mustasniʿ) requests a manufacturer or seller (saniʿ) to produce or construct a specific item according to agreed specifications, for an agreed price and delivery time. In the previous session, we mentioned that the salam contract originally began in an agricultural society. Farmers usually lacked cash…
