Analytical Studyof utilization of Salam, its performance and applications in Islamic banking of Pakistan
عقد سلم ،پاکستان کے اسلامی مالیاتی اداروں کی کارکردگی ،عملی طریقہ کار اورطرق ِاستعمال کاتجزیاتی مطالعہ
Keywords:
salam, currency salam, agriculture,Abstract
In Islamic law of sale, subject matter of the sale must be existed and within the possession of the seller, however; Salam is one of the two exceptions of the general rule of this prohibition. Due to this liberty, Islamic financial institutions also offered salam as a product for providing liquidity to its customers. In this paper, firstly salam is described with conditions shortly and then briefly performance of Islamic banks in Pakistan while using salam based products is studies. Salam based products offered by Islamic banks are also examined in detail. It is observed that salam is under-utilized comparatively, it is also observed that agriculture sector in Pakistan is still not given attention to enjoy the benefit of the product.