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

Authors

  • Muhammad Mushtaq Ahmed Assistant Professor, Islamic Studies, University of Swat
  • Zahid Channa Assistant Professor Shaheed Benazir Bhutto University, Benazirabad
  • Javeed Khan Lecturer, Dpartment of Islamic and Arabic Studies, University of Sawat, Swat

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.

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Published

2019-06-25

How to Cite

Muhammad Mushtaq Ahmed, Zahid Channa, & Javeed Khan. (2019). 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. Al-Aijaz Research Journal of Islamic Studies & Humanities , 3(1), 71-83. Retrieved from https://arjish.com/index.php/arjish/article/view/30