Simplified Shariah Structures Guide: Salam

In this simple guide, we will look at the following: What is Salam? Benefits of Salam Key terms of Salam Key requirements of Salam Contemporary Applications of Salam What is Salam? Salam is a sale whereby the seller undertakes to supply some specific goods to the buyer at a future date in exchange of an […]
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Is it permissible to use master agreements?

Question: Is it permissible to use master agreements? In the Name of Allah, the Most Gracious, the Most Merciful. As-salamu ‘alaykum wa-rahmatullahi wa-barakatuh. The Answer: Using master agreements as a reference for any future transaction is permissible on condition that the offer (‘ījāb) and acceptance (Qabūl) are exchanged at a future date when the parties […]
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