Designing Istisna Sukuk Models in Iran Capital Market

One of the most significant functions of an efficient Islamic financial system is to support the real sector of economy. Such a system must consolidate the real sector of economy and also meet continually its basic needs. In order to attain this objective, we need to design and make use of appropriate and effective financial instruments to finance companies and projects. At the moment, we do not make favorable use of these instruments in Iran. Given the present circumstances; if we design a financial instrument based on Istisna contract, we will be able to finance the major projects available in both private and public sector. This research, intend to design Istisna sukuk through using a rational analysis based on comparison of financial models and to provide the possibility for operationalizing this instrument in Iran’s financial market.