Thursday, March 21, 2019

Hi! This is our topic presentation about Bay' Salam last week. :) Bay Salam is about an Islamic contract in which full payment is made in advance for specific goods (often agricultural products) to be delivered at a future date. It is necessary that the quality of the commodity intended to be purchased is fully specified leaving no ambiguity leading to dispute. Bai salam covers almost every thing which is capable of being definitely described as to quality, quantity and workmanship. For Islamic banks this product is an ideal for Agriculture financing but can also be used to finance the working capital needs to the business customer. It is one of the most popular Islamic Modes of finance used by banks in Islamic countries to promote riba thats free transactions. For more details you guys need to explore our slides. #MAYBANK

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BAY' AL TAWARRUQ

Assalamualaikum guys. we want to share with you guys about our last presentation about Bai Al Tawarruq is on chapter 3,sale based contracts....