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  • Istisna'a without Parallel Istisna'a

    • CA-3.4.35

      In Istisna'a without Parallel Istisna'a, the Islamic bank licensee is making progress payments to the Istisna'a supplier, thereby acquiring title to WIP inventory. The WIP inventory is exposed to price risk. As there is no parallel Istisna'a sale to an ultimate customer, there is no credit risk.

      January 2015

    • CA-3.4.36

      The WIP receives a capital charge appropriate to inventory — 15%.

      January 2015