SKUOK THE FUTURE OF ISLAMIC FINANCE IN EGYPT 3من اصل9

The Islamic finance system take the feasibility studies its base in economic
matters.
Also legitimacy, these styles don’t shift between financial instruments and
take adequate guarantees which secure it’s money. also it moves financing
from mobility funding and steady return to a risk and participation style,
(the gain and the loss) the production activity over the financial one. And
entrenching the concept of oversight and follow- up the granted funding,
also take into account the circumstances
o defaulters.f
The Islamic finances’ formats fits most projects that in which the project’s
owner choose the formats which fits him and goes with his conditions and
qualifications and this is most effective and more useful than the funding
system based on the interest.
These formats are integrates together, the (Murabaha), contract is based on
buying products and materials only for the projects which does not meet
the need to pay the wages ,the needed cash to spend on the production,
when (Istisnaa ) provide funding for the changeable costs like wages and
other administrate exposes.
As peace required accelerating in paying the price for its health, but in the
(Istisnaa ), it does not required if it goes with the delay of paying all the
prices or a part of it .
The Islamic finance’s formats can also be completed to achieve extra profits
that can be achieved when applying each contract solo. we can combine
between ( Istisnaa ) contract and morabaha contract that ( Istisnaa) specified
projects can be performed which needed by the market and when handing
them over, they can be sold.
And that can be combine between the (Istisnaa ) contract and the posts
contract through collaborations between specialists makers, the
Istisnaa contact is performed for companies which is a part of .