Facilitating Trade with Shariah-Compliant Salam Financing!
Salam is a Shari’ah-compliant sale contract where the buyer makes full advance payment, while the seller commits to deliver specified goods at a future date. The goods (Al-Muslam Fihi) must be clearly defined, homogeneous in nature, and tradable by count, measure, or weight, ensuring fairness and transparency in trade. Salam is particularly beneficial for meeting working capital needs of producers and farmers, providing them with upfront liquidity against future supply.
Empower your business with Salam Financing – Apply Today!
| Description | Specific Product Details |
| Name of Product: | Salam |
| Basis of Pricing/Return: | Profit on the sale of Salam goods, after its delivery, to be charged, keeping in view the prevailing market practices/dynamics |
| Financing Limits: |
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| Tenors: | Up-to 24 Months |
| Target Customers: | Corporate/Commercial/SME |
| Security/ Collateral: | On a case to case basis, e.g. hypothecation, charge on assets, mortgage of properties, pledge, lien on deposits, etc. as per facility approval |
| Repayment: | On due date, the client will make the delivery of Salam goods (Muslam Fihi) to the Bank. The Bank will sell the Salam goods (Muslam Fihi) either directly or through its agent, to recover the amount advanced along with profit |
