UAE Commercial Transactions Law

Article 487 — Article (487)

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)

The Istisna'a contract may include a stipulation that the buyer shall be entitled to compensation if the seller fails to timely deliver the manufactured item, based on an sum to be agreed in the contract; save where the delayed delivery is not attributed to the seller or is caused by an unavoidable accident.

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