Islamic Banking, Finance, Insurance, and Capital Market in Disruptive Era

Abstract

Islamic finance is part of the Islamic economy, which is based on an industrial real economy based on labor, goods, services and capital, and this is shown through several financing formulas, including the istisnaa contract, which means buying something from a manufacturer who is asked to make it, this thing is not ready for sale, but made to order.

The istisnaa contract is not a new contract, mankind has known it in their transactions and Muslims have treated it with its well-known controls, and how contemporaries do not know it and the need for it is increasing day by day for the development of industry and the need of people for it.

This contract is of great importance both theoretically and from the applied point of view, its study is necessary for every researcher in the Islamic economy, as it allows the investor to enter into multiple areas of Life Investment, and pushes the manufacturer to work hard for his guaranteed profit, and makes the factory reassured that he is following his goods during its preparation, the istisna in this sense is comprehensive the question of the general principles of the contract of istisnaa What are the practical applications of istisna'a contract in the investment sectors How to contribute The formula of istisna in economic development

To answer these questions, we decided to address them in the following two axes:

First topic: general principles of istisna contract

The second topic: contemporary applications of istisna contract and parallel istisna and its risks