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.
References in periodicals archive ?
BEIRUT: Beirut-born and based designer Rana Salam traces the development of design in Beirut in an inimitable retrospective since Lebanon's independence in 1943.
It will be a pleasure for us to unite our strengths and the legacy of the Salam Stores brand in the region with the distinctiveness and aspirations of Mall of Qatar," said Abu-Issa.
Salam Technology specialises in IT, audiovisual, security, office automation and telecommunications, and has nearly 30 years of cumulative experience.
At 10am, the chairmen of both DFM and Al Salam Bank-Bahrain rang the bell declaring the start of trading of the bank's shares.
Butt and Dr Fayyazuddin highlighted the achievements and supportive role of Prof Salam played not in their own lives but also in the lives of several hundred young scientists and researchers belonging to Pakistan.
Regarding the country's recent series of anti-government demonstrations, many of which descended into violence, Salam remarked that "clashes between protesters and security forces happen everywhere in the world.
Abdus Salam belonging to a lower middle class family was born in Ajmer Sharif.
The Municipality stated that such action was part of Al Salam St.
This comes in line with the municipality's efforts to complete Al Salam Street, which will be the first freeway on Abu Dhabi Island.
Salam stores, the unique boutique department store concept in the UAE, in conjunction with Al Ain Mall has rewarded one customer with AED 15,000 worth of shopping vouchers from Salam Stores at Al Ain Mall.
MANAMA: Al Salam Bank-Bahrain has succeeded in its takeover of Bahraini Saudi Bank (BSB).
Global Banking News-6 May 2009-Bahrain Al Salam Bank to bid for Bahrain Saudi Bank(C)2009 ENPublishing - http://www.