AAOIFI Shari'ah Standard No. (11): Istisna'a and Parallel Istisna'a
AAOIFI — Accounting and Auditing Organization for Islamic Financial Institutions
What this source says
AAOIFI Shari'ah Standard No. 11 governs istisna'a, a contract to manufacture or construct a defined asset for a set price and delivery, and the parallel istisna'a used in project and construction finance. It sets the conditions for the subject matter, price, and obligations of the parties.
Wording inside quotation marks is quoted from the source. The rest is this notebook’s summary of it — read the original before relying on it.
Provenance
- Source
- AAOIFI Shari'ah Standard No. (11): Istisna'a and Parallel Istisna'a
- School / basis
- Comparative
- Added
- 2026-06-03
- Trust
- A position recorded from a named, published source — reported accurately, not independently adjudicated.
Compiler’s note
Paraphrase of the documented standard (not a verbatim quote of its text).
Topics
islamic-financeistisnastandardsstructurescontracts
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