If Parallel Salam is not practical, a third party may give a unilateral promise to buy the goods after the bank receives them. Because this is a promise and not the sale itself, the future buyer does not have to pay the price in advance.
The actual sale takes place only after the bank receives the commodity.
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Parallel Salam (السلم الموازي): Two Independent Contracts
If Parallel Salam is not practical, a third party may give a unilateral promise to buy the goods after the bank receives them. Because this is a promise and not the sale itself, the future buyer does not have to pay the price in advance.
The actual sale takes place only after the bank receives the commodity.