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Fiqh of Financial TransactionsIslamic Finance & BankingIstisna'a and its Types

Istisna’a and Back-to-Back Istisna’a Finance

Istisna’a and Back-to-Back Istisna’a Finance It is no more acceptable for Islamic banks to provide finance to government sponsored projects in forms abhorrent to their articles of associations nor is acceptable for an Islamic bank to finance private sector projects by way of interest free loans. Therefore, Istisna’a has been

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