Structure of a Salam transaction
Structure of a Salam transaction

The following Banking & Finance practice note provides comprehensive and up to date legal information covering:

  • Structure of a Salam transaction
  • Key features

Key features

  1. This structure is also known as a forward sale agreement and involves the Islamic Financial Institution (IFI) purchasing goods on behalf of the Customer. The goods themselves are supplied at a later date and then delivered to the Customer. This deferred arrangement is also commonly used to prov

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