Istisna' model for construction works' contract
Istisna’ has been accepted as the Shariah compliant tool for a transaction wherein the subject matter is yet to exist. In the case of construction works’ contracts the current Istisna’ practice appears to be skewed towards meeting the needs and requirements of the international funding institutions,...
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| Format: | Proceeding Paper |
| Language: | English English English |
| Published: |
2015
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| Online Access: | http://irep.iium.edu.my/49526/ http://irep.iium.edu.my/49526/2/Proposed_Istisna%27_Nov2015.pdf http://irep.iium.edu.my/49526/1/IstisnaAbstract_Dec2015.pdf http://irep.iium.edu.my/49526/3/Programme_IIUM_Kyoto_Colloquium2015.pdf |
| _version_ | 1848783471079587840 |
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| author | Abdul Rashid, Khairuddin |
| author_facet | Abdul Rashid, Khairuddin |
| author_sort | Abdul Rashid, Khairuddin |
| building | IIUM Repository |
| collection | Online Access |
| description | Istisna’ has been accepted as the Shariah compliant tool for a transaction wherein the subject matter is yet to exist. In the case of construction works’ contracts the current Istisna’ practice appears to be skewed towards meeting the needs and requirements of the international funding institutions, hence the use of parallel Istisna’. However, the documentation aspects of Istisna’ contracts is seldom discussed. In this presentation, Istisna’ in general and its application and documentation for construction works’ contracts is critically examined. The outcome of the examination suggests that for construction works’ contracts direct Istisna’ is preferred. In addition, in effort to achieve validity of the Istisna’ contract a comprehensive set of documentation is required. It is proposed herein that the use of bills of quantities (BQs) would enable this requirement to be satisfied.
Keywords: Building, Bills of Quantities (BQs), Construction, Contract, Istisna’, Quantity Surveying, Shari’ah |
| first_indexed | 2025-11-14T16:21:52Z |
| format | Proceeding Paper |
| id | iium-49526 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English English |
| last_indexed | 2025-11-14T16:21:52Z |
| publishDate | 2015 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-495262016-05-23T07:05:28Z http://irep.iium.edu.my/49526/ Istisna' model for construction works' contract Abdul Rashid, Khairuddin BP Islam. Bahaism. Theosophy, etc H Social Sciences (General) HF5001 Business. Business Administration KBP Islamic Law TA Engineering (General). Civil engineering (General) TH Building construction Istisna’ has been accepted as the Shariah compliant tool for a transaction wherein the subject matter is yet to exist. In the case of construction works’ contracts the current Istisna’ practice appears to be skewed towards meeting the needs and requirements of the international funding institutions, hence the use of parallel Istisna’. However, the documentation aspects of Istisna’ contracts is seldom discussed. In this presentation, Istisna’ in general and its application and documentation for construction works’ contracts is critically examined. The outcome of the examination suggests that for construction works’ contracts direct Istisna’ is preferred. In addition, in effort to achieve validity of the Istisna’ contract a comprehensive set of documentation is required. It is proposed herein that the use of bills of quantities (BQs) would enable this requirement to be satisfied. Keywords: Building, Bills of Quantities (BQs), Construction, Contract, Istisna’, Quantity Surveying, Shari’ah 2015-12 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/49526/2/Proposed_Istisna%27_Nov2015.pdf application/pdf en http://irep.iium.edu.my/49526/1/IstisnaAbstract_Dec2015.pdf application/pdf en http://irep.iium.edu.my/49526/3/Programme_IIUM_Kyoto_Colloquium2015.pdf Abdul Rashid, Khairuddin (2015) Istisna' model for construction works' contract. In: 3rd IIUM - Kyoto University Research Colloquium, 2nd - 3rd December 2015, Kuala Lumpur. (Unpublished) |
| spellingShingle | BP Islam. Bahaism. Theosophy, etc H Social Sciences (General) HF5001 Business. Business Administration KBP Islamic Law TA Engineering (General). Civil engineering (General) TH Building construction Abdul Rashid, Khairuddin Istisna' model for construction works' contract |
| title | Istisna' model for construction works' contract |
| title_full | Istisna' model for construction works' contract |
| title_fullStr | Istisna' model for construction works' contract |
| title_full_unstemmed | Istisna' model for construction works' contract |
| title_short | Istisna' model for construction works' contract |
| title_sort | istisna' model for construction works' contract |
| topic | BP Islam. Bahaism. Theosophy, etc H Social Sciences (General) HF5001 Business. Business Administration KBP Islamic Law TA Engineering (General). Civil engineering (General) TH Building construction |
| url | http://irep.iium.edu.my/49526/ http://irep.iium.edu.my/49526/2/Proposed_Istisna%27_Nov2015.pdf http://irep.iium.edu.my/49526/1/IstisnaAbstract_Dec2015.pdf http://irep.iium.edu.my/49526/3/Programme_IIUM_Kyoto_Colloquium2015.pdf |