The lending company then rentals its share of ownership toward customers

Istisna ic agreements for example Ijarah (lease) and you will Musharakah Mutanaqisah (Shrinking Relationship). The new combined usage of such agreements lets finance companies and you will builders so you’re able to mobilise funds and decrease dangers. Like, the brand new extension away from Madinah Airport from inside the Saudi Arabia utilised Istisna and Ijarah so long label investment preparations (Globe Financial, 2017). Basic, the project providers transfer particular liberties so you’re able to financiers (lenders) not as much as an excellent procurement arrangement (Istisna) together with payment try disbursed based on an arranged agenda. The lenders also provide concession agreements (Ijarah) on the investment organization and you can located lease accommodations while the money.