Parallel Salam

It is a contractual arrangement that consists of two different and independent contracts; one in which the bank is a buyer and the other in which the bank is a seller. The two contracts cannot be tied up and performance of one contract should not be contingent upon the other. For further details see: ISRA, Islamic Financial System; Principles and Operations.

Total Fatwas : 3
No. Title
1 Can Promises Be Exchanged to Conduct a Second Salam Sale upon Delivery of the Subject of the First Salam Sale?
2 Can the Buyer Resell the Subject Matter of a Salam Sale or Istisna‘ before It Is Delivered?
3 Parallel Salam

 

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