What Is Bai Salam In Islamic Banking?
What Is Bai Salam In Islamic Banking? ‘Bai-Salam’ means advance purchase and sale. … In other words, Bai-Salam is a sale whereby the seller undertakes to supply some specific Commodity (ies) /Product(s) to the buyer at a future time in exchange of an advanced price fully paid on the spot. What is Bai Salam and