Parallel Salam

https://islamicmarkets.com/dictionary/p/parallel-salam
Copy URL

Dictionary term

Definition of "Parallel Salam"

A type of bai‘ al-salam where a financial institution that has purchased some agricultural commodity enters into a secondary contract with another party to supply the commodity and thus recovers its investment with some profit or loss. See also bai‘ al-salam.


Get access to 300+ modules today and learn from expert trainers...