Rules Of Ordinary And Parallel Salam Contracts In Islamic Jurisprudence.

Abstract

The ordinary Salam contract is among the legally permissible contracts according to Islamic law. It was legislated contrary to analogy due to necessity, and because it is established by liability, the original form of a sale contract is a described liability. It is valid for specification, just like goods. Since it is established by liability in the case of marriage contracts and the dowry, it is permissible to apply cash sales (Salam) in these cases. Additionally, the owner of a Salam contract might enter into another Salam contract where the delivered goods have the same characteristics as those in the first Salam contract. This is known as a parallel Salam contract. Suppose the parallel contract is not linked to the first contract, meaning each one is independent in all its rights and obligations. In that case, it is permissible to establish it as long as it is similar in its characteristics to the original contract. This approach has significant implications for achieving economic development and generating profit for institutions and individuals.