وَيَصِحُّ الرَّهْنُ بِرَأْسِ مَالِ السَّلَمِ
Translation: A pledge is valid for the advance price of a salam contract.
Raʾs māl al-salam is the price paid in advance by the purchaser, in return for goods to be delivered later. The seller may accept specified security for that price obligation.
Example: the purchaser owes 50,000 dirhams as advance payment and provides a known asset as security. Valid collateral does not itself count as payment: the special salam requirement of actual receipt remains to be satisfied.
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Pledge securing the salam capital
Kitab al-Rahn: Salam, Sarf, Third-party Custody and Fungible Collateral
وَيَصِحُّ الرَّهْنُ بِرَأْسِ مَالِ السَّلَمِ
Translation: A pledge is valid for the advance price of a salam contract.
Raʾs māl al-salam is the price paid in advance by the purchaser, in return for goods to be delivered later. The seller may accept specified security for that price obligation.
Example: the purchaser owes 50,000 dirhams as advance payment and provides a known asset as security. Valid collateral does not itself count as payment: the special salam requirement of actual receipt remains to be satisfied.