The financier need not construct the project personally. It may enter a separate parallel Istisna with a third-party builder or hire a contractor, while remaining responsible to its client for the agreed result.
The same structure can be used for plants, bridges and highways. A Build-Operate-Transfer arrangement may even give the builder a specified period to operate the highway and collect tolls as the agreed consideration.
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Manufacturing/Construction Sale (استصناع): Financing Something Yet to Be Built
The financier need not construct the project personally. It may enter a separate parallel Istisna with a third-party builder or hire a contractor, while remaining responsible to its client for the agreed result.
The same structure can be used for plants, bridges and highways. A Build-Operate-Transfer arrangement may even give the builder a specified period to operate the highway and collect tolls as the agreed consideration.