AAOIFI Shariah Standards

Salam and Parallel Salam: Appendix B - The Shariah Basis for the Standard

Permissibility of Salam


Create Your FREE Account…

IslamicMarkets helps professionals navigate Islamic markets by providing powerful insights, analytics and collaboration tools.


A contract of Salam derives its permissibility from the Qur`an, the Sunnah and Ijma’ (consensus of Fuqaha). On the level of the Qur`an, Allah, the Almighty, says: {“O ye who believe! When you deal with each other, in transactions involving future obligations in a fixed period time, reduce them to writing”}. Ibn Abbas said: “I declare that a Salaf (Salam) contract in which the commodity is guaranteed for future delivery has been permitted by Allah” and then he read: {“O ye who believe! When
you deal with each other, in transactions involving future obligations in a fixed period time, reduce them to writing”}. It is reported that Ibn Abbas said: “This verse is a revelation for the particular purpose of making Salam permissible.”

« Appendix A - Brief History of the Preparation of the Standard Appendix C - Definitions »


https://islamicmarkets.com/standards/aaoifi-shariah-standards/salam-and-parallel-salam/appendix-b-the-shariah-basis-for-the-standard-7
Copy URL