Salam
English: advance purchase
Alternate spelling: Al Salam, Bai al Salam, Bai Salam
Definition: Advance payment for goods which are to be delivered at a specified future date. Under normal circumstances, a sale cannot be effected unless the goods are in existence at the time of the bargain. However, this type of sale is an exception, provided the goods are defined and the date of delivery is fixed. The objects of sale must be tangible goods that can be defined as to quantity, quality and workmanship.
This mode of financing is often applied in the agricultural sector, where the bank advances money for various inputs to receive a share in the crop, which it then sells.
« Back to Glossary IndexNews related to Salam (3,423)
CBG completes Sukuk Salam auction
Wednesday, 17 Apr 2024 | Volume21.Issue17
DealsGambia launches Sukuk Salam papers
Friday, 12 Apr 2024 | Volume21.Issue16
DealsCBB’s Sukuk Salam fully subscribed
Tuesday, 09 Apr 2024 | Volume21.Issue16
DealsCBG completes Sukuk Salam auction
Wednesday, 03 Apr 2024 | Volume21.Issue15
DealsAl Salam Bank, KFH sign agreements
Tuesday, 02 Apr 2024 | Volume21.Issue14
News BriefsCBG completes Sukuk Salam auction
Wednesday, 27 Mar 2024 | Volume21.Issue14
DealsAl Salam Bank may issue Sukuk
Monday, 25 Mar 2024 | Volume21.Issue13
DealsSedania As Salam Capital confirms support for IFN Asia Forum 2024 as partner
Friday, 22 Mar 2024 | Volume21.Issue13
News BriefsCBG completes Sukuk Salam auction
Wednesday, 20 Mar 2024 | Volume21.Issue13
DealsCBG completes Sukuk Salam auction
Thursday, 14 Mar 2024 | Volume21.Issue12
DealsAl Salam Bank increases shareholding
Wednesday, 13 Mar 2024 | Volume21.Issue12
News BriefsSALAMA
Tuesday, 12 Mar 2024 | Volume21.Issue11
MovesCBB’s Sukuk Salam oversubscribed
Tuesday, 12 Mar 2024 | Volume21.Issue11
DealsCBG completes Sukuk Salam auction
Wednesday, 06 Mar 2024 | Volume21.Issue11
DealsCBG completes Sukuk Salam auction
Thursday, 22 Feb 2024 | Volume21.Issue09
DealsAl Salam to own KFH Bahrain
Monday, 19 Feb 2024 | Volume21.Issue08
News BriefsCBG completes Sukuk Salam auction
Thursday, 15 Feb 2024 | Volume21.Issue08
DealsAl Salam opens nominations
Wednesday, 14 Feb 2024 | Volume21.Issue08
News BriefsCBB auctions Sukuk Salam
Tuesday, 13 Feb 2024 | Volume21.Issue07
DealsCBG completes Sukuk Salam auction
Thursday, 08 Feb 2024 | Volume21.Issue07
DealsAl Salam Bank Sudan
Tuesday, 06 Feb 2024 | Volume21.Issue06
ResultsCBG completes Sukuk Salam auction
Wednesday, 31 Jan 2024 | Volume21.Issue06
DealsCBG’s Sukuk Salam undersubscribed
Wednesday, 24 Jan 2024 | Volume21.Issue05
DealsAl Salam receives certification
Monday, 22 Jan 2024 | Volume21.Issue04
News BriefsCBG completes Sukuk Salam auction
Thursday, 18 Jan 2024 | Volume21.Issue04
DealsKFH and Al Salam terminate discussions
Thursday, 11 Jan 2024 | Volume21.Issue03
News BriefsCBG’s Sukuk Salam undersubscribed
Wednesday, 10 Jan 2024 | Volume21.Issue03
DealsCBB’s Sukuk Salam oversubscribed
Tuesday, 09 Jan 2024 | Volume21.Issue02
DealsCBG’s Sukuk Salam undersubscribed
Thursday, 04 Jan 2024 | Volume21.Issue02
DealsCBG’s Sukuk Salam undersubscribed
Tuesday, 26 Dec 2023 | Volume21.Issue01
DealsFostering growth in Brunei Darussalam through Islamic finance development
Tuesday, 19 Dec 2023 | IFN Annual Guide 2024
FeaturesCBG’s Sukuk Salam undersubscribed
Tuesday, 19 Dec 2023 | Volume21.Issue01
DealsCBG completes Sukuk Salam auctions
Wednesday, 13 Dec 2023 | Volume21.Issue01
DealsCBB’s Sukuk Salam oversubscribed
Tuesday, 12 Dec 2023 | Volume20.Issue50
DealsCBG’s Sukuk Salam undersubscribed
Thursday, 07 Dec 2023 | Volume20.Issue50
DealsSalama announces results of rump offering
Tuesday, 05 Dec 2023 | Volume20.Issue49
TakafulAl-Salam REIT
Friday, 01 Dec 2023 | Volume20.Issue49
ResultsCBG’s Sukuk Salam undersubscribed
Wednesday, 29 Nov 2023 | Volume20.Issue49
DealsSalama announces results of rights issue
Thursday, 23 Nov 2023 | Volume20.Issue48
TakafulCBG’s Sukuk Salam undersubscribed
Wednesday, 22 Nov 2023 | Volume20.Issue48
DealsSalama receives final approval from SAMA
Friday, 17 Nov 2023 | Volume20.Issue47
TakafulAl Salam Bank launches Takaful product
Wednesday, 15 Nov 2023 | Volume20.Issue47
TakafulCBG’s Sukuk Salam undersubscribed
Wednesday, 15 Nov 2023 | Volume20.Issue47
DealsAl Salam and KFH begin discussions
Tuesday, 14 Nov 2023 | Volume20.Issue46
News BriefsCBB’s Sukuk Salam oversubscribed
Tuesday, 14 Nov 2023 | Volume20.Issue46
DealsCBG completes Sukuk Salam auction
Wednesday, 08 Nov 2023 | Volume20.Issue46
DealsSalama declares decrease of losses
Wednesday, 08 Nov 2023 | Volume20.Issue46
TakafulCBG completes Sukuk Salam auction
Wednesday, 01 Nov 2023 | Volume20.Issue45
DealsCBG’s Sukuk Salam oversubscribed
Wednesday, 25 Oct 2023 | Volume20.Issue44
DealsCBG completes Sukuk Salam auction
Wednesday, 18 Oct 2023 | Volume20.Issue43
Deals