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Bay al Salam |
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Bay al Salam In Islamic finance, a sale in which delivery is deferred until some stated date in the future. It is used for agricultural products and other fungibles. In order to comply with the sharia, a salam contract must specify the quality of the good to be delivered, and payment must be made at the time the contract is entered. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | E[pounds sterling]<p>In terms of product coverage, all the solutions Celent studied have multilingual and multicurrency functionality and enable the creation of all the following products: Wadiah, Mudarabah, Murabahah, Musharakah, Ijara, Bai Salam, Istina'a and Sukuk. |
Bai Salam |
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