This  Standard covers the basic Shari’ah rulings relating to Concession Contracts for utilization, construction or management of projects, and Contracts for utilization, construction or management of projects, and provides guidance to Institutions on application of such contracts. It does provides guidance to Institutions on application of such contracts. It does not cover legal or consensual  concession  rights, which are subsidiary not cover legal or consensual concession  rights, which are subsidiary rights. This standard does not cover franchises as it should be dealt with rights. This standard does not cover franchises as it should be dealt with by a separate standard.by a separate standard.

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