Types of the contract of istasna prevalent in Islamic banks and their Shariah ruling

Abstract

A manufacturing contract is an agreement in which a person orders another person to manufacture goods for a customer. It includes both a person's obligations and the various details such as the length of the agreement and the price and payment terms. Keeping in view, the necessities of human beings It is allowed. The Holy Prophet (PBUH) also ordered to manufacture a pulpit or stage and a ring for himself. Some general selling conditions are also applied in manufacturing but some conditions are different in selling goods, which should be kept in view of the manufacturing agreement. For example, in contract manufacturing, payment of the price is not necessary to pay in advance, it can be paid while receiving an order or it is also permissible to pay in installments. There are also some flaws or shortcomings in the process of manufacturing but the right method is that the thing should be taken into custody before selling in the market. The customer should not hire any lawyer or agent. There should not be any interlink between the two agreements in balanced manufacturing.