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The question

What is an Istisna' contract? What is its ruling? And what are its conditions?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

Firstly: A manufacturing contract (Istisna'a) is binding on both parties if its pillars and conditions are met.

Secondly: It is a condition for a manufacturing contract that the type, kind, quantity, and desired specifications of the manufactured item be clearly stated, and the delivery date be specified.

Thirdly: In a manufacturing contract, it is permissible to defer the entire price or to pay it in known installments and at specified times.

Fourthly: A manufacturing contract may include a penalty clause by agreement of the contracting parties, unless there are compelling circumstances.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Ftawy
Original fatwa ID
18023
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy