9. Salam as a Mode of Islamic Finance

  1. Brian Kettell

Published Online: 24 MAY 2012

DOI: 10.1002/9781118467299.ch9

Introduction to Islamic Banking and Finance

Introduction to Islamic Banking and Finance

How to Cite

Kettell, B. (2011) Salam as a Mode of Islamic Finance, in Introduction to Islamic Banking and Finance, John Wiley & Sons, Ltd., Chichester, West Sussex, UK. doi: 10.1002/9781118467299.ch9

Publication History

  1. Published Online: 24 MAY 2012
  2. Published Print: 25 JUL 2011

ISBN Information

Print ISBN: 9780470978047

Online ISBN: 9781118467299

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Keywords:

  • Salam;
  • Sharia;
  • Parallel salam;
  • conventional banking;
  • Istisna

Summary

This chapter contains sections titled:

  • Definition of Salam

  • What makes Salam Sharia'a Compliant?

  • Practicalities of Implementing Salam

  • Sharia'a Rules Concerning Salam

  • Sharia'a Rules Concerning Parallel Salam

  • Practical Examples of Salam

  • Benefits of the Salam Contract

  • Problems Associated with Salam

  • Comparison of Salam with the Conventional Banking Equivalent

  • Salam: Differences from the other Islamic Financing Techniques

  • Summary