UAE Commercial Transactions Law

Article 485 — Article (485)

Book Three: Banking Transactions · Part Six: Commercial Transactions of Islamic Financial Institutions · Chapter Two: Special Provisions for Certain Types of Contracts and Obligations to which Islamic Financial Institutions are a Party: Section One: Promise to Contract: Article (475) · Section Four: Istisna'a (Manufacture Contract): Article (483)

1. The sale price, after the contract is concluded, may not be variable or associated with an indicator or otherwise. 2. An agreement may be made to pay Istisna'a sale price in installments of specific sum and specific payment term or at a single payment on a specified date.

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