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BNM consults market on Shariah parameter for Istisna contracts

Posted on 03 January 2011

From Arabnews.com: Bank Negara Malaysia (BNM), the central bank, last week published the draft of its latest Shariah consultation on Islamic financial products, the “Concept Paper of Shariah Parameter Reference 5: Istisna Contract (SPR5)”.
According to BNM, SPR5 is aimed at becoming the true source of reference on the nature and features of the Istisna contract for the Islamic financial services industry and to facilitate the consistent implementation of the contract in the Malaysian financial market……………………………………….Full Article: Source

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