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Understanding Salam Transactions by Athira Husna is a document available to read on EtoBox.
What is Understanding Salam Transactions about?
This document discusses the Islamic financial concept of Salam/Salaf. It defines Salam as a transaction where a specific price is paid immediately for goods that will be delivered at a later, specified time. The practice of Salam existed before Islam but without clear terms. Hadith specify the need to define measures, weights, and delivery times. Conditions for a valid Salam contract include specifying price, time of payment, goods, delivery time and place, and prohibiting reselling before receiving goods.
- Author
- Athira Husna
- Language
- EN