Sale of a commodity (in a Salam sale)‎ before taking pojassession of it

Fatawa Question

Is sale of goods permissible before their actual possession ? if this is not then can the purchaser sell against advance payment (in a Salam sale) relying on what he will receive in future, and without linking the agreement for what he sells (against advance payment) to what he is to receive in future ? It is permissible for the purchaser to utilize this process for business ?

Fatwa

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Publisher

Aafaq Center for Research in Islamic Economy

Publication Date

2015-07-27

Country of Publication

United Arab Emirates

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-723855

American Psychological Association (APA)

Aafaq Center for Research in Islamic Economy (Dubai, United Arab Emirates). 2015-07-27. Sale of a commodity (in a Salam sale) before taking pojassession of it. . Dubayy United Arab Emirates : Aafaq Center for Research in Islamic Economy.
https://search.emarefa.net/detail/BIM-723855

Modern Language Association (MLA)

Aafaq Center for Research in Islamic Economy (Dubai, United Arab Emirates). Sale of a commodity (in a Salam sale) before taking pojassession of it. Dubayy United Arab Emirates : Aafaq Center for Research in Islamic Economy. 2015-07-27.
https://search.emarefa.net/detail/BIM-723855

American Medical Association (AMA)

Aafaq Center for Research in Islamic Economy (Dubai, United Arab Emirates). 2015-07-27. Sale of a commodity (in a Salam sale) before taking pojassession of it. Dubayy United Arab Emirates : Aafaq Center for Research in Islamic Economy.
https://search.emarefa.net/detail/BIM-723855