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Bay al Salam
(redirected from Bai 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.


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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.
 
 
 
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