It is one of the types of sales in which the sale is described in the hands of the seller, and it is not present, and it is a request to manufacture something, because it is a sale between the buyer requesting the manufacture (the manufacturer) and the selling bank (the manufacturer); Where the last one manufactures at the request of the customer a specific commodity (and it is applicable in all the manufactures), and delivers it at the agreed date, in return for the price they agree upon, and the customer pays the price sooner or later or in instalments.
Accordingly, the Islamic bank, in this formula, concludes a preliminary tailor-made order contract between it and the customer (the applicant), and then enters into another contract, which is a parallel manufacturing request contract with the Manufacturer, who will manufacture the commodity that is the subject of the contract, without the existence of any connection between the two contracts. In this case, the bank pays all expenses related to this commodity that it sells to the customer in return for an amount that includes an accrued profit margin.
