The Meaning of Salam Sales and Their Ruling
Machine translationRead the Arabic original
Question:
Honorable Shaykh, what is a salam sale, what is meant by it? What is an example of it? And is it permissible?
Answer:
Yes, it is permissible; it is permissible. The Prophet One comes to the owner of the fruit, the owner of the farm, or the owner of the palm trees and pays him a sum of money on the condition that the owner of the farm or the palm trees pays him his due when the crop is harvested or the dates are gathered. This is permissible and it provides ease.
This serves as a substitute for resorting to banks and bank financing, which involves great riba (usury or interest). The salam transaction serves as a substitute for that, and praise be to Allah. Yes.
Honorable Shaykh, what is a salam sale, what is meant by it? What is an example of it? And is it permissible?
Answer:
Yes, it is permissible; it is permissible. The Prophet
(peace and blessings be upon him) came to Madinah while they were making advance payments for fruits for one or two years, so he approved their practice and said: "Whoever makes an advance payment for something, let him make it for a known measure or a known weight for a known term."
صلى الله عليه وسلم المدينة وهم يسلفون في الثمار السنة والسنتين فأقرهم على ذلك وقال من أسلف في شيء فليسلف في كيل معلوم أو وزن معلوم إلى أجل معلومThis serves as a substitute for resorting to banks and bank financing, which involves great riba (usury or interest). The salam transaction serves as a substitute for that, and praise be to Allah. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [3790] معنى بيع السَّلَم وحكمه - صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.