Chapter on Salam (Forward Sale)

It is a contract for a commodity defined by description, owed as a debt to be delivered at a fixed future date, in return for a price paid in full during the same session in which the contract is concluded. The contract is valid when expressed with any wording of “sale,” “salam,” or “salaf,” provided that seven conditions are met:

1. The commodity’s characteristics must be precisely determined by measure, weight, or linear dimension. Counted items that vary in size—such as fruits, leafy greens, hides, animal heads, and assorted vessels—are not eligible for salam.