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Change In Subject Matter Of Salam
The subject matter may be changed at the time of the contract’s maturity and not before based on the following conditions: 1. Provided the option...
The subject matter may be changed at the time of the contract’s maturity and not before based on the following conditions: 1. Provided the option...
Quality Of Salam Subject Matter
If the subject matter surpasses the specifications, the seller may not charge a higher price and the goods must be accepted by the buyer.If the...
If the subject matter surpasses the specifications, the seller may not charge a higher price and the goods must be accepted by the buyer.If the...
Delay In Delivery Of Salam Subject Matter
If the seller is unable to deliver the subject matter at maturity, the buyer may grant him respite. A penalty may not be charged against a delay....
If the seller is unable to deliver the subject matter at maturity, the buyer may grant him respite. A penalty may not be charged against a delay....
Default In Delivery Of Salam Subject Matter
If at maturity the seller is unable to deliver the subject matter, the buyer may exercise one of the following three options: 1. Wait until the...
If at maturity the seller is unable to deliver the subject matter, the buyer may exercise one of the following three options: 1. Wait until the...
Salam For Precious Metals
Salam transactions are typically for fungible items. According to AAOIFI Shariah Standard No. 10 “Salam and Parallel Salam,” section 3/2/4: “It is...
Salam transactions are typically for fungible items. According to AAOIFI Shariah Standard No. 10 “Salam and Parallel Salam,” section 3/2/4: “It is...
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...
In such a case, the buyer has the right to rescind the contract and receive the contract price from the seller without there being any increase or...
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...
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