بيع السلم وتطبيقاته المعاصرة

Abstract

This research aims at explaining the importance of the applications of salam contract in Islamic banking. It discusses the legality, validity, pillars and conditions of this contract in Islamic law. It also elaborates the steps and areas of application of this contract in Islamic banking. The research is a descriptive and inductive study based on written resources and interviews with relevant officers and experts. It concludes that this contract suits modern financing needs in a way that is shari’ah compliant. This contract was successfully applied in Sudan, but its application in Indonesia faces some difficulties. The study recommends more research to explore more possibilities of using salam as a mode of financing, and develop new ways of using it in various economic areas. Relevant governments are required to lay down laws and regulations that prepare the proper infrastructure for the full application of this contract and remove all hurdles that obstruct it.