Recipe for Successan Islamic bank has launched a product based on Salam in order to provide cash finance for its retail and corporate customers

السؤال

An Islamic bank has launched a product based on Salam in order to provide cash finance for its retail and corporate customers. As per the product structure, the customer will sell to the Islamic bank a certain quantity of a described commodity in consideration of the price paid by the Islamic bank on an upfront basis immediately upon signing the Salam sale agreement. The delivery of the goods will be on a staggered basis on defined future dates. In order to address all possible scenarios related to the product, the Islamic bank has requested to know the Shariah compliant solution if the agreed commodity is not available in the market, making it difficult for the customer to adhere to the committed delivery schedule.

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

الناشر

Islamic Finance News

تاريخ النشر

2015-03-04

دولة النشر

ماليزيا

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
الدراسات الإسلامية

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-783052

• APA
• MLA
• AMA