Beruflich Dokumente
Kultur Dokumente
(Vol. 2)
CONTENT:
SALAM &
PARALLEL
SALAM
IJARAH &
BAI’ AL-IJARAH
ISTISNA’ THUMMA
AL-BAI
(AITAB)
AL-
QARDHUL
HASSAN
SALAM & PARALLEL
SALAM
(DEFERRED DELIVERY
SALES)
INTRODUCTION
The word Salam is also
known as Salaf (advance).
DEFINITION
It can be defined as a purchase or sale of
a commodity for a deferred delivery in
exchange for immediate payment.
SELLER
BUYER
PRICE
GOODS OR SERVICE
CONTRACT OR AGREEMENT
CONDITIONS
PARALLEL SALAM
Parallel Salam contract can be developed
between IFIs and a wholesaler/
distributor, whom in turn will generate
retail income from the consumer.
Modus Operandi for Salam Financing
LESSOR
LESSEE
PROPERTY ON LEASE
THE BENEFIT/USUFRUCT/MANFAAT
The rent, period and the purpose of the lease must be clearly
specified.
IJARAH FINANCING
-CONDITIONS
FOR THE BENEFIT/USUFRUCT-
The use of the service (usufruct) can be valued with money
P= profit
n = the number of months remaining
N= total number of periodic payments
Sell to
Price:
a. Known
b. Cannot be increased Delivery:
or decreased on
account of increases Al-Mustasni’- a. Fixing delivery date
or decreases in price Investment is not necessary
of inputs. Company
(the ultimate
buyer)
• To enable an individual to own a certain property
of his interest without having to pay for it
immediately or at the time of execution of the
contract.
• The seller is able to work on the project or ordered
item until its completion.
• At the same time, he is assured of the working
capital needed to cover the financial requirements
of completing the ordered item.
PILLARS
PRICE