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Istisna'a is a special financing mode that could be used for financing construction projects. Istisna'a financing is arranged through a mechanism whereby, the customer contracts with Amar to deliver the construction project on a future date. Sub-contractors are then appointed to complete the project through an independent contract (parallel Istisna'a).
Upon completion, the construction project is delivered to the original customer who has the responsibility for paying the purchase price as agreed upon in advance. The mode of payment could be flexible depending on the agreement between Amar and the customer.
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Amar Finance & Leasing Company
