AAOIFI Shari'ah Standard No. (10): Salam and Parallel Salam
AAOIFI — Accounting and Auditing Organization for Islamic Financial Institutions
What this source says
AAOIFI Shari'ah Standard No. 10 governs salam, a sale in which the price is paid in full in advance for goods to be delivered later, and the parallel salam structure. It specifies the conditions of capital, the specified commodity, and delivery that keep the contract free of riba and excessive gharar.
Wording inside quotation marks is quoted from the source. The rest is this notebook’s summary of it — read the original before relying on it.
Provenance
- Source
- AAOIFI Shari'ah Standard No. (10): Salam and Parallel Salam
- School / basis
- Comparative
- Added
- 2026-06-03
- Trust
- A position recorded from a named, published source — reported accurately, not independently adjudicated.
Compiler’s note
Paraphrase of the documented standard (not a verbatim quote of its text).
Topics
islamic-financesalamstandardsstructurescontracts
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