Our Istisna’a system manages contracts whereby a bank undertakes to support the production of specific goods and services, made according to certain agreed-upon specifications, at a determined price, and for a fixed date of delivery. The production of goods includes any process of manufacturing, construction, assembling or packaging. The system follows the contractor/manufacturer payments, percentage of completion, delay on delivery fines, and delivery of the assets upon completion and meeting the specifications and at the end, the delivery to the customer.


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