An illustrative validly specified transaction would record:
1. Price: Rs 90,000 paid fully at the meeting.
2. Goods: 30 rolls of an agreed grade of cotton cloth.
3. Per roll: 20 metres long and 1.4 metres wide.
4. Weave and thickness: a commercially recognizable, agreed specification.
5. Delivery: a fixed date and, where legally required, a known place.
Each specification serves a distinct purpose. Leaving an important feature uncertain can reopen the risk of dispute.
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A worked cloth-salam agreement
Bab al-Salam: Fabric, Gems, Bricks and Precise Specification
An illustrative validly specified transaction would record:
1. Price: Rs 90,000 paid fully at the meeting.
2. Goods: 30 rolls of an agreed grade of cotton cloth.
3. Per roll: 20 metres long and 1.4 metres wide.
4. Weave and thickness: a commercially recognizable, agreed specification.
5. Delivery: a fixed date and, where legally required, a known place.
Each specification serves a distinct purpose. Leaving an important feature uncertain can reopen the risk of dispute.