‘Aqd al-Istisnaa’ (contract to have something made or done)
Question What is ‘Aqd al-istisnaa’? What are the rulings and conditions governing it? Praise be to Allah. The following conditions apply to ‘Aqd al-istisnaa’: Clear statement of the type, amount and required features of the work to be done or product to be made. Clear statement of the type, amount and required features of the…
Question
What are the rulings and conditions governing it?
Praise be to Allah.
The following conditions apply to ‘Aqd al-istisnaa’:
Clear statement of the type, amount and required features of the work to
be done or product to be made.
Clear statement of the type, amount and required features of the work to
be done or product to be made.
Specification of the time frame involved.
Specification of the time frame involved.
In ‘Aqd al-istisnaa’ it is permissible to delay paying
the full price, or it may be paid in installments at specific times over a limited period.
In ‘Aqd al-istisnaa’ it is permissible to delay paying
the full price, or it may be paid in installments at specific times over a limited period.
It is permissible for ‘Aqd al-Istisnaa’ to include a
penalty clause stating what the two parties have agreed on, so long as there are no
circumstances beyond their control. And Allâh knows best.
It is permissible for ‘Aqd al-Istisnaa’ to include a
penalty clause stating what the two parties have agreed on, so long as there are no
circumstances beyond their control. And Allâh knows best.
