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Islamic Finance

  Islamic Finance   |   Terms
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  • May 25, 2021
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Back-To-Back Salam

A salam contract in which the seller (the short) or the buyer (the long) in the original (previous) salam becomes a buyer (long) or seller (short), respectively, in another contract which entails the delivery and taking delivery of the same underlying commodity (al-muslam fihi), without making the execution of the new salam contract dependent on the execution of the previous one. The back-to-back transacting is similar to offsetting in conventional finance transactions.

Back-to-back salam is also known as parallel salam.


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