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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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