Bai al-Salam

Bai al-Salam
Payment for future delivery, which in its simplest form is the advance payment in full of the purchase price by the purchaser for specified assets which the seller undertakes to supply to the purchaser at a later date. Exchange Handbook Glossary

Financial and business terms. 2012.

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  • bai al salam — International, USA bai al salam, Also known as salam An Islamic finance technique used to provide working capital to parties on terms compliant with Sharia. In a bai al salam transaction, a lender (Al muslam) buys an asset from a party seeking… …   Law dictionary

  • bai al-salam — International, USA bai al salam, Also known as salam An Islamic finance technique used to provide working capital to parties on terms compliant with Sharia. In a bai al salam transaction, a lender (Al muslam) buys an asset from a party seeking… …   Law dictionary

  • salam — International, USA bai al salam, Also known as salam An Islamic finance technique used to provide working capital to parties on terms compliant with Sharia. In a bai al salam transaction, a lender (Al muslam) buys an asset from a party seeking… …   Law dictionary

  • bai salam sukuk — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • bai-salam sukuk — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • salam sukuk — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • bai salam — (forward financing) A forward financing transaction, where the financial institution pays in advance for buying specified assets, which the seller will supply on a pre agreed date. Usually, the financier receives a discount for advance payment… …   Law dictionary

  • sukuk al salam — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • sukuk al-salam — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • sukuk al musharaka — International sukuk al musharaka, Also known as musharaka sukuk. Islamic finance instruments (sukuk) based on an underlying Sharia compliant partnership or joint venture providing finance for a specified project (musharaka). Certificates are… …   Law dictionary

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