bai salam
A forward financing transaction, where the financial institution pays in advance for buying specified assets, which the seller will supply on a pre-agreed date. Usually, the financier receives a discount for advance payment (calculated with reference to a benchmark, such as LIBOR), plus a margin.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • bai salam sukuk — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • bai-salam sukuk — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • salam sukuk — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • bai al salam — International, USA bai al salam, Also known as salam An Islamic finance technique used to provide working capital to parties on terms compliant with Sharia. In a bai al salam transaction, a lender (Al muslam) buys an asset from a party seeking… …   Law dictionary

  • bai al-salam — International, USA bai al salam, Also known as salam An Islamic finance technique used to provide working capital to parties on terms compliant with Sharia. In a bai al salam transaction, a lender (Al muslam) buys an asset from a party seeking… …   Law dictionary

  • salam — International, USA bai al salam, Also known as salam An Islamic finance technique used to provide working capital to parties on terms compliant with Sharia. In a bai al salam transaction, a lender (Al muslam) buys an asset from a party seeking… …   Law dictionary

  • Bai al-Salam — Payment for future delivery, which in its simplest form is the advance payment in full of the purchase price by the purchaser for specified assets which the seller undertakes to supply to the purchaser at a later date. Exchange Handbook Glossary …   Financial and business terms

  • sukuk al salam — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • sukuk al-salam — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • Islamic banking — Banking A series on Financial services …   Wikipedia

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