One salam contract creates two different obligations:
1. Capital: the purchaser’s advance price, which must be received in the session.
2. Muslam fīh: the specified goods the seller will deliver later.
Both can be secured. But the immediate-receipt requirement matters especially for the first. In the second, the collateral secures a deferred obligation and does not remove the seller’s duty to deliver at the appointed time.
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Salam has two separate secured obligations
Kitab al-Rahn: Salam, Sarf, Third-party Custody and Fungible Collateral
One salam contract creates two different obligations:
1. Capital: the purchaser’s advance price, which must be received in the session.
2. Muslam fīh: the specified goods the seller will deliver later.
Both can be secured. But the immediate-receipt requirement matters especially for the first. In the second, the collateral secures a deferred obligation and does not remove the seller’s duty to deliver at the appointed time.