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Are there conditions for this kind of sale? PDF Print E-mail
Kitabul Buyu' [Book of Transactions] - Salam [Prepayment - Forward Buying]

Question 866) - Are there conditions for this kind of sale?

A: Yes, they are as follows:
1. The category [Jins] must be known. 2. The type must be known. 3. The description must be known.? 4. The quantity must be known. 5. The quantity of the payment must be mentioned if it such which must be quantified e.g. measured by volume or weight or number. 6. The place where it will be delivered when there is carrying and effort involved. 7. The sale is only correct if on deferred delivery and the time has been set. (Sale is not correct except on credit, hence the date of execution of sale (i.e. handing over the goods) must be known)

~ al-Quduri ~