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Buy-Backs In Salam
The seller may not buy back the commodity from the buyer. This effectively creates riba, in which one amount of money is exchanged for a higher...
The seller may not buy back the commodity from the buyer. This effectively creates riba, in which one amount of money is exchanged for a higher...
It is impermissible to create a Salam agreement for items that are only permissible to sell on spot, such as silver for gold.
Salam: Forward Sales
A Salam transaction is a means by which party A advances money, in full and on spot, to party B, and party B promises to deliver an item on a...
A Salam transaction is a means by which party A advances money, in full and on spot, to party B, and party B promises to deliver an item on a...
It is not permitted for the buyer of goods under a Salam contract to sell goods before their delivery, as it is not permissible to sell what one...
Considering A Previous Loan As Price For Salam
In case a loan has been advanced from one party to another, it is permissible for the Salam purchaser to agree with the Salam seller that the...
In case a loan has been advanced from one party to another, it is permissible for the Salam purchaser to agree with the Salam seller that the...
Price Hike At Time Of Delivery In Salam Contract
The seller is bound to deliver the goods without demanding any excess money, since the contracted item becomes the property of the purchaser once...
The seller is bound to deliver the goods without demanding any excess money, since the contracted item becomes the property of the purchaser once...
The buyer in a Salam contract may ask the seller to provide security.
Subject Matter Of Salam
The subject matter of a Salam must be a fungible commodity a substitute for which is readily available in the market. The following items do not...
The subject matter of a Salam must be a fungible commodity a substitute for which is readily available in the market. The following items do not...
Delivery Of Salam Subject Matter
The time and place of the delivery of Salam goods must be clearly specified. In case the place of delivery is not established, Salam goods must be...
The time and place of the delivery of Salam goods must be clearly specified. In case the place of delivery is not established, Salam goods must be...
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