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Search Fatawaa

Subject : The Ruling of Istisna' Contract from Cities and Villages Development Bank

Fatwa Number : 3000

Date : 20-10-2014

Classified : Transactions & Marketing

Fatwa Type : Search Fatawaa

Question :

What is the Sharia ruling on Istisna` contract obtained from Cities and Villages Development Bank ?

The Answer :

All perfect praise be to Allah. Blessings and peace be upon Prophet Mohammad: The Fatwa committee at the General Iftaa` Department reviewed the “Istisna`”(custom order) contract obtained from Cities and Villages Development Bank, and found that it is based on the integrals stipulated in Islamic law and has no religious prohibitions, so there is no harm in dealing with it.



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