Tejara Capital is an international investment bank in London with an affiliated firm in UAE. It bridges Sharia compliant and traditional financial markets and is a gateway to a multitude of attractive investment opportunities, sourced from within the developed world by capitalising on our unique position, expertise and networks.
A financier contracts to sell goods that are yet to be constructed / manufactured to a customer. The financier enters into parallel contract to have the goods manufactured (usually by the customer himself).Some form of manufacturing or construction is a requirement (Istisna’a cannot be used for agricultural produce, for example). The end product must be precisely specified.The sale price is agreed up front and can be deferred by bullet or installment payments.The customer must take title to the finished goods.Istisna’a example: financing for the purchase of new-build aircraft, ships, locomotives, etc.