Salam – Fincyclopedia

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Salam Muwazi

An Arabic term (سلم موازي) that denotes parallel forward delivery sale (parallel salam). It is a salam contract in which…

Receivables

The amounts which are due from an Islamic bank’s clients as a result of sale transactions that are based on…

Reverse Salam

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

Dhimam Madinah

Arabic transliteration for receivables; the amounts which are due from an Islamic bank’s clients as a result of sale transactions…

Aqd al-Muawadha

Arabic (عقد المعاوضة) for compensatory contract (commutative contract) whereby one party receives compensation/ consideration (iwadh) from another party in return…

Muslam Fihi

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

Bay’ al-Salam

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

Parallel Salam

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

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....