Istisna Financing
Discover Zamzam Bank’s Istisna Financing – a Sharia-compliant financial solution designed to support your project development and bring your customized product visions to life.
Istisna Financing Features and Benefits
Facilitates Economic Development
Istisna’ financing can support the development of infrastructure, industrial projects, and other economic activities, contributing to overall economic growth.
Financing for Construction Projects
Istisna’ financing allows customers to acquire assets that require manufacturing or construction, such as real estate, machinery, or infrastructure projects.
Customized Asset Development
The customer can specify the desired features and characteristics of the asset, allowing for tailored solutions to meet their needs.
Staged Payments
The payment for the asset is made in stages, typically linked to the progress of the manufacturing or construction process.
Deferred Delivery
The delivery of the completed asset to the customer is deferred until the full payment has been made.
Requirements for Istisna Financing
Defined Specifications
The asset to be constructed must be clearly defined in terms of its specifications, quality, and delivery timeline.
Open Communication
Engage in transparent and collaborative discussions to ensure a clear understanding of Istisna financing terms.
Required documents
The customer is required to provide certain documents.
The Istisna Financing Process
Project/Product Assessment and Agreement
Agreement on financing terms, including amount, milestones, and repayment structures.
Disbursement of Funds
Ensures a steady flow of financial support throughout the development process.
Flexible Repayment
Accommodates changes in the project timeline without compromising financial stability.