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Salam

Bai Salam describes a forward sale contract where the advance full price of the goods is paid for goods to be delivered later on at a specified time in the future. It is necessary that the quality of the commodity intended to be purchased is fully specified leaving no ambiguity leading to dispute. The objects of this sale are goods and cannot be gold, silver, or currencies based on these metals. Barring this, Bai Salam covers almost everything that is capable of being definitely described as to quantity, quality, and workmanship.