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Bay’ al-Salaf

Another name for bay al-salam; by definition, it is a type of sale (bay’), which is an exception to the…

Bay’ al-Salam

A type of sale (bay’), which is an exception to the general rule for sale contracts that the object of...

Sukuk al-Salam

Sukuk al-salam (singular: salam sakk) are certificates of equal value (sukuk) which are issued in order to raise salam capital....

Salam Sukuk

Salam sukuk (singular: salam sakk) are certificates of equal value (sukuk) which are issued in order to raise salam capital....

Salam

Arabic (سلم) for the sale of a commodity that will be delivered at a future date for a specific price...

Al-Muslam Fihi

The object of a salam contract (aqd al-salam) which is exchanged for the price (thaman or ras-ul-mal). It is the...

Al-Salam al-Muwazi

An Arabic term (السلم الموازي) that translates as parallel forward delivery sale (parallel salam). It is a salam contract in...

Back-To-Back Salam

A salam contract in which the seller (the short) or the buyer (the long) in the original (previous) salam becomes...