Unique Landscapes

Istisna lending

Istisna is a Sharia mode of financing used to finance the construction of buildings, residential towers, villas and related products, as well as the manufacturing of aircrafts, ships, machines and equipment.

As a developer, if you own a plot of land and want to construct property on it and need financing for this purpose, lender will sign an Istisna agreement with you in relation to the construction of the building as per your specifications at the cost of the bank. The lender will then get the sale price from you on a deferred payment basis.