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Chapter2: Accountingfor Istisna' andParalle Istisna' A. Dubai Investment House (DIH) , an Islamic bank signed an Istisna'a contract with Malaysian NuclearAgency(MNA) on1 Jan 2006 tobuild
Chapter2: Accountingfor Istisna' andParalle
Istisna'
A.
Dubai Investment House (DIH) , an Islamic bank signed an Istisna'a contract
with Malaysian NuclearAgency(MNA)
on1 Jan 2006
tobuild anddeliver
a nuclear reactor for $300 Million
on 31
st
December2007
. MNA would pay
10% of the contract price on the signing of the contract to DIH and DIH
wouldbillMNAfor theremainingamountof thecontractas perthe
following schedule:
31/12/200620%
31/12/2007 30%
31/12/2008 20%
31/12/2009 20
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